Hey avatrade somehow made metatrader work? Due to this I come to you with this 1-week delayed analysis:  Nothing is happening. (In other news, my EUR/USD strategy appears to work for the most part on Bitcoin as well.) |
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Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
I know, it is just making me mad that I didnt buy at $101. |
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Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
You're fed up about 1%? I bought at $105.01 when the wall was at there, so technically Im fed up about like 3%. |
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Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
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Bitcoin officially a security under US law: http://www.reuters.com/article/2013/08/06/us-court-sec-bitcoin-idUSBRE97517G20130806(Reuters) - U.S. regulators got the green light from a federal judge to proceed with their lawsuit against a Texas man accused of running a Ponzi scheme using Bitcoin, the virtual online money system.
Trendon Shavers of Bitcoin Savings & Trust had challenged the Securities and Exchange Commission's case against him, saying the regulator had no jurisdiction to sue him because the Bitcoin investments he offered are not securities or subject to any U.S. regulation.
But U.S. Magistrate Judge Amos L. Mazzant in the Eastern District of Texas ruled on Tuesday that his Bitcoin investments "meet the definition of investment contract, and as such, are securities."
Bitcoin exists through an open-source software program. It is not managed by any one company, it is not regulated by any central bank, and its supply is controlled through a computer algorithm. Users can buy bitcoins through exchanges that convert real money into the virtual currency.
The SEC warned investors against the dangers of potential scams involving virtual currencies like Bitcoin in an alert on July 23, the same day it filed the charges against Shavers.
Tuesday's ruling could have important implications for the still murky legal world surrounding digital currencies, which is not regulated by the United States.
Bitcoin has come under greater scrutiny after U.S. authorities in May seized two accounts linked to a major operator in the Bitcoin digital market.
The judge's decision could be important for Cameron and Tyler Winklevoss, the twins who became famous after alleging that Facebook Inc founder Mark Zuckerberg stole their website idea.
In early July, they applied to the SEC for approval to launch a Bitcoin-tracking exchange-traded product known as the Winklevoss Bitcoin Trust.
The SEC alleges that Shavers essentially used money from new investors in his Bitcoin endeavor to cover withdrawals by older investors and his own personal expenses.
The agency said he raised at least 700,000 bitcoins, or $4.5 million, from investors in multiple states.
Shavers had asserted that his Bitcoin investments are not securities because Bitcoin is not money, but the SEC countered that they constituted both investment contracts and notes.
"It is clear that Bitcoin can be used as money," the judge wrote. "It can be used to purchase goods or services."
Shavers could not be immediately reached for comment. Will this have an impact on market movement? Does that mean bitcoin itself is a security or just whatever pirate sold is a security? It means two things: 1) Bitcoin is money 2) Pirateat40 was selling securities 1) is very significant because it is a US court ruling that Bitcoin is money. One must also keep in mind here that we have an agency of the US government arguing before the court that Bitcoin is money. lol when you say it that way its pretty funny. |
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Mini-105 wall just popped up?
The numbers are different [500/1500 split] but in the end its basically half of the original 2600/2000 wall If you watch the walls close enough, you can tell multiple if not all are one person. Most likely not all, but occasionally 101/102 might disappear simultaneously and then re-appear. So, its not too unlikely they are just cutting their "double wall" on 105 while still making it look like two people. Wait so what happened to the other bit of the wall? Got tired of waiting? Whats he gonna do, just let the USD sit on gox for fun? |
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Mini-105 wall just popped up?
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I've noticed some fun things going on here. I use Bitcoin daily to buy myself food via foodler, I use Bitcoin at a local shop around here, I bought the Humble Bundle via Bitcoin, I buy electronics via bitcoinstore. and every chance I can I pay with Bitcoin instead of fiat. For me, it's been a very meaningful way to conduct transactions.
Most Popular Boards by ActivityCurrency exchange 0.1048% Reputation 0.0629% Group buys 0.0552%Services 0.0527%
Alternate cryptocurrencies 0.0393% Service Discussion 0.0197%
Development & Technical Discussion 0.0181% Mining support 0.0172% Project Development 0.0170%
Custom hardware 0.0149% What are the incentives to spend Bitcoin rather than selling them and spending the Fiat anyway?
Most Popular Boards by ActivitySpeculation 1.5237%Economics 0.4683% Off-topic 0.3512% Meta 0.3431% Trading und Spekulation 0.3181% Mining speculation 0.3143% Politics & Society 0.3047% Off-Topic (Deutsch) 0.2985% Bitcoin Discussion 0.2227% Scam Accusations 0.2053% To be fair: MeSpeculation 0.4992%Press 0.1283% Economics 0.0620% Development & Technical Discussion 0.0290% Securities 0.0155% Legal 0.0145% Newbies 0.0131% Mining speculation 0.0098% Trading Discussion 0.0081% Politics & Society 0.0051% |
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Completed the liquidation of my MtGox USD  Now I have safely moved any USD into BitFinex where it can earn interest, and moved all BTC into good 'ol paper wallets. |
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I still don't really have full faith in this rally - demand from SD buyout probably brought us back to 90-95, but I'm suspicious of the run up from 95 - 105. Instead of the wild run up to 115 on mtgox after they suspend withdraw and people trying to get their money out mad by buying coins, it's just a carefully orchestrated attempt slowly release trapped funds from mtgox. The ask sum has been declining, volume on bitstamp up.
With labcoin, btcgarden, 796 and all these IPO's completed recently, there's probably selling pressure coming soon on bitstamp.
If these companies are actually worth what they IPO'd for, that means that they must accept payments of presumably more than what they IPO'd for, hopefully (at least, in theory) compensating for the increased supply of the IPO with increased demand. So technically its still OK. |
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Several market indicators have been worsening during the night. I was unpleasantly surprised, thought once we got past 107
the road would be open, but the trend has almost reversed for now. Not sure if a whale dump is coming yet...
Bid wall pulled, not sure if this counts...? |
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Was looking fun there for a while but it has quickly reverted to pre-fun levels. looks like someone is going to pull his trigger soon anyway, i'm not sure what to make of the gap in the bid wave. since the z axis is time, this would mean all bid orders below 105 disappeared for 5 minutes!? can someone explain this to me? Ithink the deal was they were higher, then they dropped, so it looks like a gap. |
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Was looking fun there for a while but it has quickly reverted to pre-fun levels. |
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Sorry for my wording, by 6, 7, 8, I mean a, b, c.
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Head up to about $120, and reverse down to about $94, then continue up from there.
OR
Continue downward from here, ending up between $65s and $50 (probably like $56-ish), then reverse higher from there, probably bringing us to about $120 again and following the pattern expressed above.
I am looking at elliot waves & fibo. I'm having trouble figuring out where we are right now. We could either be currently on the 7th wave, moving onto the 8th big downturn which must end lower than the 6th, i.e, $65. An alternate interpretation is that we are just on a correction, and that the 8th wave occurred moving us from $115 to $65, and now we can have our series of 3 big moves higher followed by small corrections downward.
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So how about you just tell us all whether the price is going to go up or down  |
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The indicators dont even work because their datapoints are crappy and it wont let me trade it with paper money. And it looks like they're polling gox every 2 minutes or something. Seriously you think they could do a little better than this. Oh yea and they have like 1.2% spreads, and charge 6% interest on margin for each DAY.
Here I am excited that ill be able to use the mt4 im so used to trading with for Bitcoin, and the chart turns out entirely butchered to the point of indicators not even being reliable, and these gigantic interest rates that essentially say "If you hold this overnight, you're entirely screwed."
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Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?
I think the latter. Crap. Why? Because its crappy as hell. Like look at this and tell me, Wtf is this:  |
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Does avatrade offer BTC-denominated accounts like Broker1, or is all of it USD, and you can just buy BTC/USD cfds?
I think the latter. Crap. |
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