I predict if the FBI coins are sold at any point it will be done at another key technical area, to again try and break price down.
Then they lose
this is how it works. First they troll you Then they laugh at you then they send in the FEDs then you become insolvent. So I guess thats you trolling me, nice one. |
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Theres this one which looks really interesting. https://coinstackr.com/At the moment you can get free access as a beta tester |
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A good charting website that includes Bitcoin is tradingview.com. However, it doesn't support Bitstamp yet -- but they're claiming to include it in the near future. +1 for TradingView |
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I voted bullish, but not for reason given. I think its bullish because it shows us government agencies are starting to take an interest in possessing and hoarding bitcoins.
Yes, of course, and meth busts are sign that government agencies want to store meth I won't go into how the govts and banks run the drug industry which is a long story in itself Its not so much the seizure of bitcoins by the FBI but also that the FBI conducted their raid at a key technical point in the bitcoin rally. This shows govt/bank (money power) intention to harm bitcoin price. More smoke wafting around is that bitcoin forums were hacked at same time. To me, this shows fear of bitcoins by existing money power. First you ignore it, then you laugh at it, then you fight it. I predict if the FBI coins are sold at any point it will be done at another key technical area, to again try and break price down. Then they lose |
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And my central bank, the Bank of England, is not a cartel of private banks.
Are you sure about that? I've just been researching the banks own web site and the wikipedia page and found no mention at all of who own it? Who is the owner then? |
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There are those that are good at generating wealth and those that only know how to accumulate debt. That will be the same regardless of the money that is used.
With fiat currency it is easy to control to the benefit of the elite at the top of the banking pyramid, which they do by issuing endless new debt under the guise of money. Sound money like gold, silver or bitcoins is not easy to control in those ways, and so is much more fair.
Have you considered that the vast majority of the world don't only any bitcoins at all. If you only have 1 bitcoin, you are also an early adopter and may also be considered bitcoin rich one day.
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I voted bullish, but not for reason given. I think its bullish because it shows us government agencies are starting to take an interest in possessing and hoarding bitcoins.
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*** Latest Update *** The MtGox price has climbed above resistance  |
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RippleLabs doesn't even know my name, how are they supposed to give anything to the Gov?
As far as I know you are stuck with the key that RippleLabs give you, so if the ledger is transparent all your transactions are traceable to your ripple account. Correct me if I'm wrong. Wouldn't be that hard to link an account to a person if that person starts using ripple payment network for many transactions. You don't know very far. Of course you can create new ripple accounts, just like you can create new addresses in your wallet or entirely new wallets with bitcoin clients. There are some differences in handling which make multiple addresses in bitcoin much easier to generate (the bitcoin client supports it directly, while the standard ripple client only works well with just one account, and additional ripple accounts need to be funded just like the first one, so you should be careful to avoid linking the accounts through initial fund transfers). The account keys are not created by RippleLabs, but are public/private key pairs generated by the client (and if you don't trust the Javascript client on the ripple.com website, you can download it and run it from your own server or even locally). Onkel Paul  Thanks ripple fans, just making sure I understand. |
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RippleLabs doesn't even know my name, how are they supposed to give anything to the Gov?
As far as I know you are stuck with the key that RippleLabs give you, so if the ledger is transparent all your transactions are traceable to your ripple account. Correct me if I'm wrong. Wouldn't be that hard to link an account to a person if that person starts using ripple payment network for many transactions. |
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Bitcoinbull, I think I need to digest the implications of transparent ledger in ripple. How does that affect privacy? Is that not a way for central authorities to know everything about everyone?
With bitcoins as I understand it, anonymity is possible if you take correct precautions. What if RippleLabs give away your ripple addresses to govt for example ?
Thanks for your posts (and to zachcope too)
I'll take the lack of response from Ripple fans to infer that using Ripple cannot be done with any privacy Another nail in the Ripples coffin  |
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Its a shame TradingView doesn't have the symbol for bitstamp. (Unless its just me not spotting it). Anyway heres an attempt at showing similar channel on bitstamp  The bottom trend line doesnt look so good a match as MtGox on this interpretation, but I'd still say the overall upwards trend looks quite well established I may spend some more time doing overlays between the Mtgox and Bitstamp price if I find time. Features look fairly similar. Not sure offhand when price began to diverge ie when MtGox stopped being able to allow US$ withdrawls causing price descrepency. (In normal situation arbitrage would balance out the differences.) |
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Bitcoinbull, I think I need to digest the implications of transparent ledger in ripple. How does that affect privacy? Is that not a way for central authorities to know everything about everyone?
With bitcoins as I understand it, anonymity is possible if you take correct precautions. What if RippleLabs give away your ripple addresses to govt for example ?
On a different note, those worthless blips on the blockchain can achieve value without any interface to the legacy banking networks. It would require faith in people that bitcoins are useful medium of exchange for payment of work and goods. Conversely the blips on the banking network could end up with no value too in a hyper inflation for example. The value comes from people's faith primarily.
Thanks for your posts (and to zachcope too)
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Bitcoin IS different. The promise and the payment is a real exchange of value that is NOT dependent on regulations, IOUs or trust.
If that were true, then the price would be the same on both mtgox and bitstamp. But the price is different, because the value of those exchanges' IOUs are different, because there's a different level of trust in the ability to redeem those IOUs. Clearly the value of bitcoin is dependent on where you exchange it. And exchanges issue IOUs, abide by regulations, and are priced based on degree of trust. A bitcoin not backed by trust and IOUs only exists in a world without bitcoin exchanges. That was the world in 2009 and first half of 2010, when the closest thing bitcoins had to a price was maybe 96,000 BTC for a pizza. The price difference isn't really a trust thing, it's come about because MtGox isn't able to let users withdraw $US, I've written about this here http://afbitcoins.wordpress.com/2013/10/01/mtgox-price/ |
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Bitcoin IS different. The promise and the payment is a real exchange of value that is NOT dependent on regulations, IOUs or trust.
If that were true, then the price would be the same on both mtgox and bitstamp. But the price is different, because the value of those exchanges' IOUs are different, because there's a different level of trust in the ability to redeem those IOUs. Clearly the value of bitcoin is dependent on where you exchange it. And exchanges issue IOUs, abide by regulations, and are priced based on degree of trust. A bitcoin not backed by trust and IOUs only exists in a world without bitcoin exchanges. That was the world in 2009 and first half of 2010, when the closest thing bitcoins had to a price was maybe 96,000 BTC for a pizza. Good grief, here we are again with bitcoins are IOU's (on exchanges). That point has been agreed already. What other arguments do ripple fans have ? Thanks to this and similar threads I feel like I am much better informed about ripple, however my initial distrust remains. The entire ripple network depends on trust. The entire bitcoin network has trust built into it. edit: bitcoin exchanges are not part of the bitcoin network. With ripples, gateways are a critical part of the network. As I've said before, bitcion exchanges are NOT the same as gateways! Bitcoins could function without any bitcoin exchanges. |
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This 110 just happens to be where it fell to on GOX. Gox is less relevant these days as it has less volume and has no fiat entering or leaving. Bitstamp is where real sellers would have sold their coin as you can actually cash out there. Now what do you make of the drops on bitstamp and btce?
Bitstamp fell to 85 and btce fell to 75! You can't draw any similar lines involving THESE prices.
Further to that, I know I highlighted the Silk Road Siezure panic as validating the bottom trendline but I don't think too much importance should be heaped on that one touch point. I just thought it was quite 'cute' thats all. The more important thing is the channel which especially on the other trend lines looks very well defined in my opinion. |
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This 110 just happens to be where it fell to on GOX. Gox is less relevant these days as it has less volume and has no fiat entering or leaving. Bitstamp is where real sellers would have sold their coin as you can actually cash out there. Now what do you make of the drops on bitstamp and btce?
Bitstamp fell to 85 and btce fell to 75! You can't draw any similar lines involving THESE prices.
Those charts are for MtGox, so the bitstamp price is not relevant to that chart, later if i find time i might see how valid similar trend lines look on bitstamp charts. Or UK pounds charts or whatever. Mt Gox is still a decent proxy for the market but, yes is losing its dominance which is good. Here is some more information about what i think regarding price diff on MtGox http://afbitcoins.wordpress.com/2013/10/01/mtgox-price/ |
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ElectricMucus, I honestly don't understand why you are in the bitcoin forums, I've never heard you say anything good about bitcoins ever. You act like someone who has a massive short position in bitcoins, is that the case? Where do you trade?
Or are you a paid shill, or simply a troll ?
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Thanks for the tip! You're right there is a log view, whadyaknow
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Yes I think log scales are best to get true perspective of bitcoins because they are increasing rapidly on a short timescale, and shows the bubbles in context of the bigger picture. TradingView doesn't have the option of a log scale (but has excellent features for technical analysis), I guess using TradingView has started me looking at linear scales more than before. I'd say linear is a good approximation on shorter timescales.
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