Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?

[S3052]

http://mtgox.com/blog/?p=28

[1714221688]

1714221688

[1714221688]

1714221688

[Anonymous]

This is AWESOME!

and the guy looks much better than me :-)

Please continue :-)

Done! 

http://www.xtranormal.com/watch/7692755/


 


I like how his hair never moves lol.

[S3052]

http://mtgox.com/blog/?p=34

[sturle]

http://mtgox.com/blog/?p=34

It doesn't look much like up to me.  Someone is trying to pushing the price down again.  About 22000 coins for sale at 0.283, which is current ask price.  This is a tremendous resistance.  More than USD 6000 is needed to break it.  Perhaps someone will, but I doubt that will happen in the short term because of the narrow upside until the next two blocks of heavy resistance.

[S3052]

The bitcoin forecast is on track. Proces moved up yesterday and almost hit 0.30$ before reversing lower because of the resistance we mentioned over the past days and also the new orders you have stated.
Long term, we will stay in an uptrend, unless the uptrend line in the 0.17-0.20 area is broken significantly.
Short term, prices may move sideways in this 0.17/0.20 - 0.30 zone. Short term may even mean weeks/months, unless there is a substantial breakout in either direction. This sideway move still means a +- 30-50% price move, so for short term traders and people who want to accumulate bitcoins, this range may still be very attractive.

[S3052]

Ticker
---- Strong volume to the upside ----
---- rallying toward 0.30 -----

[S3052]

http://mtgox.com/blog/?p=42

[S3052]

I got a great reply on forex factory~> If some of you can post a reply there this would further help and drive credibility. When I have a little more time, I will also drafta comment.

http://www.forexfactory.com/showthread.php?p=4186522#post4186522

"If this is what I think it is, value will increase as the demand for cpu increases. However with technology advancing and computers becoming very cheap cpu power is also decreasing in cost.

the demand will steadily increase, so the fundamental side will sky rocket prices as we grow into the digital age.

The price stabilizers will ultimately be the advancement in technology as CPU become more efficient.

Honestly this idea, was nothing but a rant that my techy brother introduced to me years ago. I never thought this would become a reality so soon.

So I'm in.
This is not some scam. And this is actually has value, unlike fiat currencies.

Now to buy bitcoins with libertyrresever, lol. dont even. LB is a scam and a big rip off when you pay 5% processing both ways, buy/sell.

now with a wire transfer, yeah thats honest, now I can dump my USD and get something with value that can be used in the future. lol.

Now as far as manipulation. Of course their will be manipulation by the technology companies and the companies the rely on the digital age like Skpye(VOIP) networks, website, banking (forex) etc. just think about how DEPENDANT we are on CPU. Without fast processors, we wouldn't be able to post all our charts on FF. Just think about all the servers that make our lives efficient.

So can you tell us more? Like every 5 pages. post the links or a summary of this Thread including, how we get started trading Bitcoins etc. THanks in advance"

[S3052]

This is what I answered (I hope it is true that we see soon easier and safe-enough ways to buy bitcoins:

"So can you tell us more? Like every 5 pages. post the links or a summary of this Thread including, how we get started trading Bitcoins etc. THanks in advance:"

Thanks for the in-depth comment. You are right, this really has big potential.

Here is a snapshot on trading bitcoins:
1) There are 4 online exchanges:
(1) MtGox http://mtgox.com: This is the biggest exchange wth highest turnover. Average daily USD turnover volume in the last 20 days was 15,000. This exchange works really very well. Transcation fees at 0.65% on every transaction.
Best way to get funds in was Paypal USD before scammers caused some limited fraud and MtGox moved to liqpay, than libertyreserve. No fraud since then and it is all up and running. I know MtGox is looking for better ways to allow fund inflows. If this can be done, prices will skyrock as there are loads of people who want to buy bitcoins.

(2) Bitcoinmarket https://www.bitcoinmarket.com/ : This allows liberty reserve USD, Paypal USD and Pecunix GAU. Because of the scammers, the owner stopped taking new registrations. However, for the ones who are in it functions perfectly. And the owner also takes new traders / investors who are known as honest folks from a longterm history on the bitcoin forum http://bitcointalk.org/index.php .

(3) Btcex https://btcex.com/?language=en :This works for Russian Rubles RUB. And it has started to accept also WMZ, WMR, WME. (I am not sure what this exactly is).
The positive is that this exchange accepts bank wire (but in RUB).

(4) Bitcoinexchange https://www.bitcoinexchange.com/ : This is an exchange that allows EUR funds. Also here, bank wire is working greatly and it also allows sms or phone call payment.

There are also some bitcoin / cash exchangers https://www.bitcoin4cash.com/
and
http://bitcoin2cash.com/.

Bitcoin charts are really great here: http://bitcoincharts.com/charts/

Bitcoin Analysis is available here, on the technical analysis forum and on http://mtgox.com/blog/

There are some folks working on opening more exchanges (it's a race who is first..), particularly making it simple and safe for even your grandma to purchase bitcoins. If this happens, I am sure 1) BTC/USD prices will skyrock and 2) a bitcoin-accepting-business economy will flourish.

Hope this helps a bit. Let me know if you have more questions.

[nanotube]

...
There are also some bitcoin / cash exchangers https://www.bitcoin4cash.com/
and
http://bitcoin2cash.com/.
...

Not even a mention of http://bitcoin-otc.com? i'm so hurt.

[brocktice]

bitcoin-otc is really helping the flow in/out of mtgox.

[Anonymous]

bitcoin-otc is really helping the flow in/out of mtgox.

I agree and it should be mentioned alongside all the other exchangers.  The choice is rather endless on what people can accept for bitcoins using it -its up to individuals what solutions they come up with

[S3052]

Good morning from beautiful Switzerland.
I have just read it and will immediately add bitcoin OTC .
sorry for missing it.

[S3052]

added
http://bitcoin-otc.com

 

[chaord]

Hi guys,

People can finally buy BTC via credit card again at my site https://www.bitcoingateway.com  I'll start a new thread http://bitcointalk.org/index.php?topic=1888.0 about it as well, but I was overdue to clue S3052 in on the launch.  There's an extensive card verification process that I do (to avoid chargebacks and identity theft), but alas retail customers can start buying bitcoins again!

Feedback is welcome and appreciated.

--Chaord

[S3052]

Thanks chaord. You are demontrating true entrepreneurship!

[S3052]

http://mtgox.com/blog/?p=49

New update

[S3052]

We got some coverage yesterday, making it into the top page of google search in past 24 hours .... 

http://www.forexfactory.com/showthread.php?p=4189074

[S3052]

And thanks to those few who have donated recently.

Makes me feel motivated.

[nanotube]

added
http://bitcoin-otc.com

 

great, thanks!