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

[S3052]

Wait, you mean that some bitcoiners panicked over nothing?

NooooOOOooo.
Impossibru!

Yeah, certainly a pattern 

We'll just have to see how the MtGox story develops. Their press release just didn't ring true though. They have to suspend all USD withdrawals because of increased activity? Hire some more staff dumbasses, not tell people currently working to stop working. Doh!

i agree the mtgox story sounds very fishy

[ArticMine]

Wait, you mean that some bitcoiners panicked over nothing?

NooooOOOooo.
Impossibru!

Yeah, certainly a pattern  

We'll just have to see how the MtGox story develops. Their press release just didn't ring true though. They have to suspend all USD withdrawals because of increased activity? Hire some more staff dumbasses, not tell people currently working to stop working. Doh!

i agree the mtgox story sounds very fishy

One way to increase confidence here is for MTGox to give priority for large wires from trusted users. It takes close to the same amount of effort to process a wire for 90000 USD than one for 900 USD. The extra AML requirements do not come close to account for 100x the workload of withdrawing 90000 USD in the form of 100 wires rather than one. Set a minimum and process wires over the minimum within say 24-48 hours.

[phoenix1]

Wait, you mean that some bitcoiners panicked over nothing?

NooooOOOooo.
Impossibru!

Yeah, certainly a pattern  

We'll just have to see how the MtGox story develops. Their press release just didn't ring true though. They have to suspend all USD withdrawals because of increased activity? Hire some more staff dumbasses, not tell people currently working to stop working. Doh!

i agree the mtgox story sounds very fishy

One way to increase confidence here is for MTGox to give priority for large wires from trusted users. It takes close to the same amount of effort to process a wire for 90000 USD than one for 900 USD. The extra AML requirements do not come close to account for 100x the workload of withdrawing 90000 USD in the form of 100 wires rather than one. Set a minimum and process wires over the minimum within say 24-48 hours.

I was thinking along the same lines, but more that it will be done behind the scenes anyway to keep the big fish happy
A public statement, though it may piss off little fishies would restore confidence

[molecular]

So my question is whether your recommendations over the next week or two will take this into account? If people really are panic selling at MTGOX, the price could stay high (or go higher) for a few days then collapse .......

lol: the law of unintended consequences: "let's pressure the biggest exchange, that'll tell 'em!", "ok, boss, consider it done" -> [price shoots up on gox due to capital flight and rising rate has dragging effect on general market] -> "uuurhrhrmmm, boss, there's a problem"

priceless

[molecular]

Well, rising volume due to uncertainty certainly doesn't hurt their business model.  Why bother with good PR?

PR is "in the tape": rising price on high volume.

[phoenix1]

So my question is whether your recommendations over the next week or two will take this into account? If people really are panic selling at MTGOX, the price could stay high (or go higher) for a few days then collapse .......

lol: the law of unintended consequences: "let's pressure the biggest exchange, that'll tell 'em!", "ok, boss, consider it done" -> [price shoots up on gox due to capital flight and rising rate has dragging effect on general market] -> "uuurhrhrmmm, boss, there's a problem"

priceless

lol

[S3052]

Litecoin prices and Litecoin charts alert:

http://bit.ly/qJDsYw

[S3052]

The bitcoin poll is reset. it will be interesting how the bitcoin sentiment looks like now

[S3052]

New digital currencies and financial markets report just issued to subscribers.

we have some slots left for new subscribers before the summer period, so feel free to subscribe: http://bit.ly/11Lzaxy

[Pattart]

It will hurt them in the longer run as Bitstamp snags more market share, which is happening. I noticed a record amount of Bitcoins on Bitstamp. MtGox will be losing out on more than they gained briefly. Once the USD valves are open, USD will probably follow out.

If they wish to remain significant, better PR has to be done, ie one that doesn't leave people wondering whether or not they are solvent.

As for effects on Bitcoin prices. Once the market normalizes again, I'd expect a surplus of Bitcoin on Bitstamp and a lack of USD on MtGox, creating a possible environment for much lower prices.

I agree. A bitcoin-wide price drop looks pretty inevitable. I'm in cash at the moment.

We're in a downtrend.  It's hard to know what the bottom is for BTC, i don't see any good reason to buy at this point.

[Its About Sharing]

S3052 - You stated on your twitter account that BTC is probably heading down and many agree. You also stated that LTC might be breaking out (actually already started I guess). But what happens to LTC if BTC breaks down? I say the ratio stays the same and LTC goes down with it. Isn't it a big chance getting in LTC now (should BTC go down)? I mean to get out you have to probably sell your LTC for BTC and then (maybe) send your BTC to another exchange to get back into FIAT (depending on the exchanges you use). That takes time and if BTC is falling hard, I don't know that we'd have the time and automated sells and transfers are not yet an option...

Also, the LTC breakout coincides with the GOX problem. I wonder if there is a connection. (e.g. - some bought BTC and then rolled them into LTC's elsewhere)...

[disclaimer201]

The poll merely reflects wishful thinking in most cases, except if BTC really has proven to go down/up. It is therefore a bad indicator for sentiment.

[smoothie]

S3052 - You stated on your twitter account that BTC is probably heading down and many agree. You also stated that LTC might be breaking out (actually already started I guess). But what happens to LTC if BTC breaks down? I say the ratio stays the same and LTC goes down with it. Isn't it a big chance getting in LTC now (should BTC go down)? I mean to get out you have to probably sell your LTC for BTC and then (maybe) send your BTC to another exchange to get back into FIAT (depending on the exchanges you use). That takes time and if BTC is falling hard, I don't know that we'd have the time and automated sells and transfers are not yet an option...

Also, the LTC breakout coincides with the GOX problem. I wonder if there is a connection. (e.g. - some bought BTC and then rolled them into LTC's elsewhere)...

I think you will see LTC/BTC ratio go up. The gap will close some.

Wouldn't be surprised to see LTC/BTC rate at 0.1.

[empoweoqwj]

S3052 - You stated on your twitter account that BTC is probably heading down and many agree. You also stated that LTC might be breaking out (actually already started I guess). But what happens to LTC if BTC breaks down? I say the ratio stays the same and LTC goes down with it. Isn't it a big chance getting in LTC now (should BTC go down)? I mean to get out you have to probably sell your LTC for BTC and then (maybe) send your BTC to another exchange to get back into FIAT (depending on the exchanges you use). That takes time and if BTC is falling hard, I don't know that we'd have the time and automated sells and transfers are not yet an option...

Also, the LTC breakout coincides with the GOX problem. I wonder if there is a connection. (e.g. - some bought BTC and then rolled them into LTC's elsewhere)...

I think you will see LTC/BTC ratio go up. The gap will close some.

Wouldn't be surprised to see LTC/BTC rate at 0.1.

that's the problem with adding LTC to the bitcoinbullbear.com subscription. The LTC pump-and-dump brigade will turn up. Sigh.

[empoweoqwj]

The poll merely reflects wishful thinking in most cases, except if BTC really has proven to go down/up. It is therefore a bad indicator for sentiment.

Indeed, and shows why people need guidance, as most are living on dreams not reality.

[Han]

Anyone know when the next weekly report is coming out?

[Lord F(r)og]

Anyone know when the next weekly report is coming out?

same here, didn't received 1, too. hope you're good to go, S3052.

[smoothie]

S3052 - You stated on your twitter account that BTC is probably heading down and many agree. You also stated that LTC might be breaking out (actually already started I guess). But what happens to LTC if BTC breaks down? I say the ratio stays the same and LTC goes down with it. Isn't it a big chance getting in LTC now (should BTC go down)? I mean to get out you have to probably sell your LTC for BTC and then (maybe) send your BTC to another exchange to get back into FIAT (depending on the exchanges you use). That takes time and if BTC is falling hard, I don't know that we'd have the time and automated sells and transfers are not yet an option...

Also, the LTC breakout coincides with the GOX problem. I wonder if there is a connection. (e.g. - some bought BTC and then rolled them into LTC's elsewhere)...

I think you will see LTC/BTC ratio go up. The gap will close some.

Wouldn't be surprised to see LTC/BTC rate at 0.1.

that's the problem with adding LTC to the bitcoinbullbear.com subscription. The LTC pump-and-dump brigade will turn up. Sigh.

How is that a problem?

[ArticMine]

Anyone know when the next weekly report is coming out?

same here, didn't received 1, too. hope you're good to go, S3052.

July 14, 2013 as per the last weekly report.

[Han]

Anyone know when the next weekly report is coming out?

same here, didn't received 1, too. hope you're good to go, S3052.

July 14, 2013 as per the last weekly report.

The last weekly report I got was for June 27. Is this true for everyone else?