Bitstamp caught back up to Goxxian price, predicting very small bounce up $2 to $80 then bouncing down off of $80 down again.

This is just a different spin on the same practice. In order to benefit from it going down you are either going to need to (A) borrow the share right now, sell it, re-buy it and pay back the loaner, or (B) write calls or (C) buy puts. You could also (D) troll the settlement time, but thats a different deal. Sure, technically you aren't going to have to 'borrow' from the buyer of your call, but you still need someone else as the buyer of the option, who effectively serves as your lender. By borrowing from someone I mean have someone on the other side of the trade that knows I am shorting and can obviously view the market depth of those options.

The bottom will likely be at or around $57.

Why? Because $57 was the bottom of the last crash. Moreover there is already a fair sized wall forming just below it. There will be a group of people (like me) that will put in a gigantic buy order the moment the thing drops to $57. Then there will be the normal people that bandwaggon on to the wall that is forming just below $57. Also who in their right mind would sell for lower than the flash crash bottom? End result the price will double bottom at $57.

Very little support till there then.

Bitstamp is slowly trending downward while Mt. Gox is staying the same, its only a matter of time until Mt. Gox follows downward.

Bitstamp still isn't breaking $80, bearish sign.

Note that gox has lost a lot of market share to bitstamp since then. Back then since Gox is generally higher price than Bistamp, if Bistamp followed Gox, it would make sense that the indicator wold have been inverted.

Its another fontas coin, what the heck do you expect.

Um, somebody has to be there to lend you the ETF in order for you to be able to short it. Whoever lends you that ETF. What are you going to cause the issuance of more ETF only to short it? I suppose you could be a bank and accept 'deposits' in BTC, which would allow you to do so, only thats contingent upon somebody actually depositing btc.

In order to short BTC, you have to be able to borrow BTC/ETF. Who is going to be loaning you that BTC/ETF? With Gold, its easy: You issue shares of the GLD, buy some gold miner, issue gold futures on that gold miner, 'loan' those futures to yourself to back your ETF, then sell your ETF.

With Bitcoin, even assuming there is such a thing as Bitcoin futures, its clearly a lot harder, or at least a lot easier for people to tell you are trolling big time. There is basically a fixed amount of BTC created every period of time, so if the futures exceed that expected supply, then they essentially go into backwardation for that amount. Thus, assuming people aren't idiots, the worst thing that they could possibly do is, until the next halving, up the perceived supply of bitcoins by the amount of Bitcoins that would be mined until the next futures expiration date. And then, once the next halving day happens, they can't loan themselves enough futures to make up for their debts, and then they actually have to pay back their uncovered shorts (well, half of them) which will either cause (A) the bitcoin price to exceed that at the time the shorting began in the first place by the interest over that period PLUS the backwardation over that period of time PLUS any amount the price got bid up just before the halving day OR (B) they forclose, and screw over their future contracts, causing a whole bunch of people that thought they'd have BTC to no longer have it, and now need it, causing major contraction in Bitcoin supply, causing the same end result.

With Gold, there is actually times where they can literally short the futures and randomly make money from it (due to contango). Why? Because there are a TON of futures that will only constantly be rolled into new futures and nobody will ever know. Silver is even worse.

http://www.cmegroup.com/trading/metals/precious/silver.html

OUCH

So gox has successfully broke $80 while Bitstamp is lagging at $79.99. My indicator would indicate buy if the Bitstamp price successfully breaks upward to $81, sell if the Bitstamp price stays where it is and gox goes back below $80, and uncertain should Gox continue to rise with Bitstamp unable to break the resistance.

Omg not more triangles 

In any case the volume isn't supporting the idea of the wedge, at least not know. I expect the end of that triangle to be rather meaningless considering the lower volume.

I still think that we are going to have to go down to $57 again before an actual bull market can resume, so I'm not buying into this mini-rally. I don't think I'm going to sell into it either though, just in case I'm wrong.

It doesn't seem to be a large stretch to me to say that "credit cards have less privacy than Bitcoin and are banning business that support privacy, thus those businesses and their clients will be drawn to Bitcoin because it both has a significant amount of privacy itself and it also allows clients to pay those businesses."

lol

I dont think most businesses were affected as it works like the inflation. They essentially get to sell their products for more, unless they are holding them as an investment in which case they are speculating just like anyone else. I guess some of the bitcoin-financials (not actual merchants) would be affected, but I don't feel very sorry for them. They already make tons of money, and probably have the knowledge to hedge out anyway.

I really have no evidence of this but for my own experience,
But it seems as if the difference between Mt. Gox & Bitstamp price serves as a indicator for the future price of Bitcoin. I can't really get any great chart of this, so its hard to visualize, but I've been looking at it and it sure seems like it at the very least confirms the trend.

When the potential for arbitrage across these two exchanges is high, then the price drops. Sooner or later the Bitstamp price starts climbing and the Mt Gox price stops falling, and the spread between the two starts getting smaller and smaller. Indicator to BUY.

While that difference is slowly getting smaller, the price goes up. Eventually the two get at basically the same price, sort of like we are now (Bitstamp ~79.99, Gox ~80.00). Now we wait to see what happens as the spread grows. If the price is going up while the spread is growing, we hold, and hope that the spread starts shrinking to confirm the trend. If the spread grows while the price (at least on gox) stays roughly the same, or even potentially goes downward, we sell.

If this is true, potential implication:

1) There is more arbitrage going on than we may think.
2) We are at a critical turning point now, considering the difference in rates is very low (spreads being low meaning that the price is sort of 'confirmed' as a potential turning point.)
3) Is Bitstamp now potentially leading Gox to an extent??

Just wondering, on what ground could this possibly not be approved?

Sorry but I think your point of view is pure bullshit, could you tell us why you can't respond to any of the undisputable 100% economically sound logic I posted in my last post and instead decided to go around calling me 'biased'? Oh maybe because my logic was undisputable and 100% economically sound.

Are you honestly legitimately saying right now that LTC doesn't clearly for 100% obvious reasons damage BTC?

And they'd be 100% absolutely right. Of COURSE BTC hurts fiat (or at least, would if it were successful), and if I'm not mistaken, isn't that sort of the entire point?

Clearly not. Once again, just because the software is open enough to allow you to act stupid with it, doesn't mean you have to.

So you are now trying to be the ultimate hipster and try to overthrow a currency that isn't even established and replace it with another currency that is even less established and undermine the entire concept of crypto in the process? Good job.

So can somebody possibly explain http://1dkybekt5s2gdtv7aqw6rqepavnsryhoym.com/?

We are going to go down to $57 IMO.

SELL NOW and buy back at $17 which is the bottom of last crash.

But if everybody knows that...

BUY at $20!

But if everybody knows that...

etc...

It just depends how much money people are going to spend in order to guarantee that they won't accidentally miss the next rally.