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

[lucas.sev]

A bit of feedback on trading ideas section of your reports:

You say that trading ideas should be executed after confirmation of the trend, yet the section profit percentage statistics are done with an assumption that trader buys in at exactly the price point you specified. Also I do not like how you excluded the last trading idea which resulted in 13% loss, assuming, as with your other statistics, that somebody bought in when entry point was triggered and sold when stop loss was triggered.

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[S3052]

A bit of feedback on trading ideas section of your reports:

You say that trading ideas should be executed after confirmation of the trend, yet the section profit percentage statistics are done with an assumption that trader buys in at exactly the price point you specified. Also I do not like how you excluded the last trading idea which resulted in 13% loss, assuming, as with your other statistics, that somebody bought in when entry point was triggered and sold when stop loss was triggered.

thanks for your feedback and we will address it!
Have a great BitDay

[S3052]

A comment on the MtGox situation and recent development

This is a great business case study.

Chapter 1:
The first bitcoin exchange founded by Jed Caleb, running it from the start with passion for great customer satisfaction. It is growing massively. There were some technical issues, but they always got solved.

Chapter 2:
Mark Kapeles buys MtGox. Luckily for him, bitcoin takes off in the public and exchange volume rises. He is happy.

Chapter 3:
He does not seem to be as passionate and dedicated to customer service as the MtGox founder which leads to a lot of frustration. Hacks happen, security breaches, etc. MtGox is not innovating at all: The website and exchange options are as they were 2-3 years ago... Still today, there are no stop loss, stop buy, trailing orders, etc. something that many exchanges have and something that would also lead to better customer satisfaction and more volume for the exchange..

Chapter 4: The lack of innovation, bad marketing, PR and customer service leads to lower customer trust.

Chapter 5: The attempts of complying with money service regulations etc. are too late and withdrawals got stopped or delayed so much that the community loses even more faith..

Chapter 6: People leave MtGox in masses and other exchanges profit.

This is how market leaders fall... while with just a little business and marketing sense this could have been avoided... Just my 1ct ....

[S3052]

A comment on the MtGox situation and recent development

This is a great business case study.

Chapter 1:
The first bitcoin exchange founded by Jed Caleb, running it from the start with passion for great customer satisfaction. It is growing massively. There were some technical issues, but they always got solved.

Chapter 2:
Mark Kapeles buys MtGox. Luckily for him, bitcoin takes off in the public and exchange volume rises. He is happy.

Chapter 3:
He does not seem to be as passionate and dedicated to customer service as the MtGox founder which leads to a lot of frustration. Hacks happen, security breaches, etc. MtGox is not innovating at all: The website and exchange options are as they were 2-3 years ago... Still today, there are no stop loss, stop buy, trailing orders, etc. something that many exchanges have and something that would also lead to better customer satisfaction and more volume for the exchange..

Chapter 4: The lack of innovation, bad marketing, PR and customer service leads to lower customer trust.

Chapter 5: The attempts of complying with money service regulations etc. are too late and withdrawals got stopped or delayed so much that the community loses even more faith..

Chapter 6: People leave MtGox in masses and other exchanges profit.

This is how market leaders fall... while with just a little business and marketing sense this could have been avoided... Just my 1ct ....

finally MtGox is trying to react with PR statements, but still, based on my own experience nothing moves really smoothly in terms of withdrawals. I cancelled mine after 5 weeks of false promises from MtGox.

[ArticMine]

A comment on the MtGox situation and recent development

This is a great business case study.

Chapter 1:
The first bitcoin exchange founded by Jed Caleb, running it from the start with passion for great customer satisfaction. It is growing massively. There were some technical issues, but they always got solved.

Chapter 2:
Mark Kapeles buys MtGox. Luckily for him, bitcoin takes off in the public and exchange volume rises. He is happy.

Chapter 3:
He does not seem to be as passionate and dedicated to customer service as the MtGox founder which leads to a lot of frustration. Hacks happen, security breaches, etc. MtGox is not innovating at all: The website and exchange options are as they were 2-3 years ago... Still today, there are no stop loss, stop buy, trailing orders, etc. something that many exchanges have and something that would also lead to better customer satisfaction and more volume for the exchange..

Chapter 4: The lack of innovation, bad marketing, PR and customer service leads to lower customer trust.

Chapter 5: The attempts of complying with money service regulations etc. are too late and withdrawals got stopped or delayed so much that the community loses even more faith..

Chapter 6: People leave MtGox in masses and other exchanges profit.

This is how market leaders fall... while with just a little business and marketing sense this could have been avoided... Just my 1ct ....

finally MtGox is trying to react with PR statements, but still, based on my own experience nothing moves really smoothly in terms of withdrawals. I cancelled mine after 5 weeks of false promises from MtGox.

I read the press release https://www.mtgox.com/press_release_20130805.html. It is silent with specifics when it comes to USD withdrawals.

[S3052]

A comment on the MtGox situation and recent development

This is a great business case study.

Chapter 1:
The first bitcoin exchange founded by Jed Caleb, running it from the start with passion for great customer satisfaction. It is growing massively. There were some technical issues, but they always got solved.

Chapter 2:
Mark Kapeles buys MtGox. Luckily for him, bitcoin takes off in the public and exchange volume rises. He is happy.

Chapter 3:
He does not seem to be as passionate and dedicated to customer service as the MtGox founder which leads to a lot of frustration. Hacks happen, security breaches, etc. MtGox is not innovating at all: The website and exchange options are as they were 2-3 years ago... Still today, there are no stop loss, stop buy, trailing orders, etc. something that many exchanges have and something that would also lead to better customer satisfaction and more volume for the exchange..

Chapter 4: The lack of innovation, bad marketing, PR and customer service leads to lower customer trust.

Chapter 5: The attempts of complying with money service regulations etc. are too late and withdrawals got stopped or delayed so much that the community loses even more faith..

Chapter 6: People leave MtGox in masses and other exchanges profit.

This is how market leaders fall... while with just a little business and marketing sense this could have been avoided... Just my 1ct ....

finally MtGox is trying to react with PR statements, but still, based on my own experience nothing moves really smoothly in terms of withdrawals. I cancelled mine after 5 weeks of false promises from MtGox.

I read the press release https://www.mtgox.com/press_release_20130805.html. It is silent with specifics when it comes to USD withdrawals.

I agree. With every piece of communication they erode my trust further

[Kazu]

So how about you just tell us all whether the price is going to go up or down 

[gog1]

So how about you just tell us all whether the price is going to go up or down 

Don't you have to subscribe?!

[S3052]

So how about you just tell us all whether the price is going to go up or down  

Nice try :-)
Only subscribers get the detailed forecast and most typically the predicted trend materializes , which seems to be also supported by the trading activity of the big subscriber crowd

[molecular]

So how about you just tell us all whether the price is going to go up or down  

Nice try :-)
Only subscribers get the detailed forecast and most typically the predicted trend materializes , which seems to be also supported by the trading activity of the big subscriber crowd

haha. not sure you wanted to say what I understood ("price moves into direction outlined due to big subscriber base acting on it", aka: self-fulfilling prophecy).

maybe it's time to subscribe again...

[S3052]

So how about you just tell us all whether the price is going to go up or down  

Nice try :-)
Only subscribers get the detailed forecast and most typically the predicted trend materializes , which seems to be also supported by the trading activity of the big subscriber crowd

haha. not sure you wanted to say what I understood ("price moves into direction outlined due to big subscriber base acting on it", aka: self-fulfilling prophecy).

maybe it's time to subscribe again...

why not my friend. you are welcome to join as always

[S3052]

and by the way, bitstamp seems to be leading price now (as discussed in the subscriber section)

[Frozenlock]

and by the way, bitstamp seems to be leading price now (as discussed in the subscriber section)

Ads, ads everywhere!

[sturle]

I agree. With every piece of communication they erode my trust further

Are there any more trustworthy exchanges? 

BTC-E is very low on my trust scale.  Withdrawal via bank transfer costs 150 USD minimum.

Bitstamp is in obvious violation of EU regulations, and could be closed any time. (Issuing Ripple USD, which is electronic money according to Directive 2009/110/EC, without proper authorisation.)  Their address is a maildrop in London.  I have no idea who owns it.  Their API is horrible.  I wouldn't trust them with large sums.

Bitcurex perhaps?  Simple interface, API similar to MtGox, been here for a while, quick deposit and withdrawal, no trading fees, but very low liquidity and volume.

Bitcoin-Central has proven to be trustworthy, known and respected owner, but is still down after a security breach at their hosting provider.

Intersango's owners seems to have lost interest in the exchange.

[S3052]

I agree. With every piece of communication they erode my trust further

Are there any more trustworthy exchanges? 

BTC-E is very low on my trust scale.  Withdrawal via bank transfer costs 150 USD minimum.

Bitstamp is in obvious violation of EU regulations, and could be closed any time. (Issuing Ripple USD, which is electronic money according to Directive 2009/110/EC, without proper authorisation.)  Their address is a maildrop in London.  I have no idea who owns it.  Their API is horrible.  I wouldn't trust them with large sums.

Bitcurex perhaps?  Simple interface, API similar to MtGox, been here for a while, quick deposit and withdrawal, no trading fees, but very low liquidity and volume.

Bitcoin-Central has proven to be trustworthy, known and respected owner, but is still down after a security breach at their hosting provider.

Intersango's owners seems to have lost interest in the exchange.

I am not an expert on security and regulations regarding exchanges, but I tend to agree with what you mentioned above. The only thing I'd add is

bitfinex.com

I have used them for 7 months now for BTC trading, BTC margin trading, LTC trading, etc. They have mentioned somewhere that they have registered themselves in HongKong with the financial authorities.
Withdrawals works extremely fast and smoothly as well.
And.. they offer all possible orders: stop loss, stop buy, stop sell, etc.

[Ente]

I am not an expert on security and regulations regarding exchanges, but I tend to agree with what you mentioned above. The only thing I'd add is

bitfinex.com

I have used them for 7 months now for BTC trading, BTC margin trading, LTC trading, etc. They have mentioned somewhere that they have registered themselves in HongKong with the financial authorities.
Withdrawals works extremely fast and smoothly as well.
And.. they offer all possible orders: stop loss, stop buy, stop sell, etc.

+1.

Also, as another small incentive, margin trading requires funds. People borrow (your) funds and pay you a rate. At the moment, around 90% rate for USD, per year. You decide how much and how long you lend out, and it's insured if you choose so.

Yes, we need more liquidity and more available money on bitfinex! :-)

Ente

[vokain]

So how about you just tell us all whether the price is going to go up or down  

Considering the situation the market is in, his hints have been quite obvious   I appreciate them too btw s3052. Perhaps I should subscribe just to see what you guys are talking about more in depth

[S3052]

I agree. With every piece of communication they erode my trust further

Are there any more trustworthy exchanges? 


Bitstamp is in obvious violation of EU regulations, and could be closed any time. (Issuing Ripple USD, which is electronic money according to Directive 2009/110/EC, without proper authorisation.)  Their address is a maildrop in London.  I have no idea who owns it.  Their API is horrible.  I wouldn't trust them with large sums.

It would be great if someone could find out exactly how bitstamp is set-up, and how risky it is. I'd love if all exchanges would properly be set-up and registered with the financial authorities.
Othwerwise I agree that there is a significant risk to seizures, and shut downs...

[S3052]

weekly newsletter is out to subscribers

[molecular]

and by the way, bitstamp seems to be leading price now (as discussed in the subscriber section)

Ads, ads everywhere!

lol, this is the thread about the newsletter. what did you expect?