Xenland
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I'm not just any shaman, I'm a Sha256man
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August 07, 2011, 06:15:22 AM |
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I'm just going to chime in here quickly..
I subscribed to the private service for the first few months, and was very happy with the detailed analysis. I do understand it takes a significant amount of time to provide such a service, and I do trust the advice given both here publicly and in the subscription service.
However, because of the cost and the fact I am a very low volume trader I have decided not to renew. For those interested who do move a fair bit of volume I would highly recommend the services offered. If I was in a position to be more involved in the market I would not think twice about signing up again.
I will miss the faster updates and more in depth analysis than is provided publicly.
S3052, your providing a fantastic service here, please do keep up the good work. Hopefully sometime I will be in a position to increase my exposure and will most certainly get myself back on your subscription service.
Cheers -Digigami
Thanks for the encouraging words. You and others are always welcome to join the subscribers. I just issued the weekly report with a longterm outlook and 3 major options.Maybe yo could offer a "basic" analysis for cheaper. I dont trade but like to know wgats going on in the market to keep track of bitcoins success and for planning my bussiness beter. If you have a cheap plan i would seriously consider subcribing
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S3052 (OP)
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August 07, 2011, 07:51:38 AM |
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Just updated the bitcoin watch part with a brief review:
http://bit.ly/nsteB3
And yes, I am thinking about refining our offers including rates. You will hear from us in the next 7-10 days.
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FlipPro
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August 07, 2011, 07:54:35 AM |
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Just updated the bitcoin watch part with a brief review:
http://bit.ly/nsteB3
And yes, I am thinking about refining our offers including rates. You will hear from us in the next 7-10 days.
s305 I would also like your technical analysis but it's just to expensive for me ATM. Let us know when you come up with some new packages.
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zby
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August 07, 2011, 01:05:04 PM |
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Isn't it the first time that the main poll answer is Down?
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coined
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August 07, 2011, 01:15:39 PM |
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It's the first time I have voted down,
I think we are in for a big drop, Think we need to hit a low that lets everyone know the bottom has been found, before we can move on
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molecular
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August 07, 2011, 06:12:15 PM |
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And yes, I am thinking about refining our offers including rates. You will hear from us in the next 7-10 days.
Cool!
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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allinvain
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August 08, 2011, 07:06:29 AM |
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You guys figure we've hit a support level yet?
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piramida
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Borsche
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August 08, 2011, 07:19:07 AM |
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You guys figure we've hit a support level yet?
more or less, yes. may fall through to 5 but most probable is a shar turn from 7, depends on how fast wires would clear
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i am satoshi
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marcus_of_augustus
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Eadem mutata resurgo
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August 09, 2011, 10:02:42 AM |
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You guys figure we've hit a support level yet?
Got a sensible figure for average cost of production?
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kokjo
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You are WRONG!
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August 09, 2011, 10:08:10 AM |
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You guys figure we've hit a support level yet?
Got a sensible figure for average cost of production? the avarage cost of production of a $100 bill, is very very small. still its worth $100
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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ThomasV
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August 09, 2011, 10:16:52 AM |
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the average cost of production of a $100 bill, is very very small. still its worth $100
Good point. Let me add that the average cost of production of the smoke created by the combustion of a $100 bill is, for most people, slightly above $100. Yet that smoke is worth almost zero.
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Electrum: the convenience of a web wallet, without the risks
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marcus_of_augustus
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Eadem mutata resurgo
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August 09, 2011, 10:30:52 AM |
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You guys figure we've hit a support level yet?
Got a sensible figure for average cost of production? the avarage cost of production of a $100 bill, is very very small. still its worth $100 So you haven't got the slightest, foggiest notion about the average cost of production of a bitcoin?
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kokjo
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You are WRONG!
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August 09, 2011, 10:37:59 AM |
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You guys figure we've hit a support level yet?
Got a sensible figure for average cost of production? the avarage cost of production of a $100 bill, is very very small. still its worth $100 So you haven't got the slightest, foggiest notion about the average cost of production of a bitcoin? yes i do, around $4-5, right now. if it is all time, then its more like $0.5 because of all the difficulty-1 block. any way the production cost does not matter, because we bitcoins, have a very low overall supply of them. there will only be 21millions of them. if you think bitcoins are worthless, why are you still here?
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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proudhon
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August 09, 2011, 12:26:51 PM |
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the average cost of production of a $100 bill, is very very small. still its worth $100
Good point. Let me add that the average cost of production of the smoke created by the combustion of a $100 bill is, for most people, slightly above $100. Yet that smoke is worth almost zero. LOL
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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marcus_of_augustus
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Eadem mutata resurgo
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August 09, 2011, 10:41:29 PM |
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You guys figure we've hit a support level yet?
Got a sensible figure for average cost of production? the avarage cost of production of a $100 bill, is very very small. still its worth $100 So you haven't got the slightest, foggiest notion about the average cost of production of a bitcoin? yes i do, around $4-5, right now. if it is all time, then its more like $0.5 because of all the difficulty-1 block. any way the production cost does not matter, because we bitcoins, have a very low overall supply of them. there will only be 21millions of them. if you think bitcoins are worthless, why are you still here? Thnx, for figuring that out for me. ... bit lazy like that. Now isn't it interesting that the $5 cost of production level is pretty damned close to the recent bottom that usd/btc just put in? Cost of production does matter just not in the way you might think .... if you've had anything to do with resource extraction economics you'll know exactly what I mean (otherwise you have some fair amount of research ahead of you). I never said anything about btc being worthless so have no idea where you are coming from with that last statement. (they are worth exactly what someone is willing to exchange with you for them ... supply and demand). Network enforced scarcity.
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kokjo
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You are WRONG!
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August 10, 2011, 07:50:34 AM |
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Thnx, for figuring that out for me. ... bit lazy like that. me too, i just did remember a thread where they where crying about it, and did some math about it. Now isn't it interesting that the $5 cost of production level is pretty damned close to the recent bottom that usd/btc just put in?
why is that? so because some random speculator panicked, and dumped a lot of coins, its the production cost? doesn't really make sense. Cost of production does matter just not in the way you might think .... if you've had anything to do with resource extraction economics you'll know exactly what I mean (otherwise you have some fair amount of research ahead of you). it would matter if it was a resource that we did use. like oil. and random economics does not apply to bitcoin. bitcoin haves a whole set of economic-theory-breaking stuff. like difficulty. you don't have that when you are mining for gold. gold is not easier to get when there are less there are mining it. I never said anything about btc being worthless so have no idea where you are coming from with that last statement. (they are worth exactly what someone is willing to exchange with you for them ... supply and demand). sorry about that. it just felt like you where screaming like all the other noobs about: "bitcoins is backed by nothing, or at least processing power, it is therefor useless!!!!!"
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"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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mobodick
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August 10, 2011, 10:54:51 AM |
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Here is tonight's Bitcoin technical and market update. Please donate here if you wish to see it continued:
14TeeHy4igXUgfnjXmCFG5MwkcRKZRkprShere is the link to view the charts: http://bit.ly/q3UQ9WLongterm: UP. Midterm: UP as long as the 9.5 $ - 10 $ range holds Shortterm: UP from the 12.5 $ low and down sloping channel resistance. This was not correct. Just sayin'. Yeah, bitcoin is not stable enough to be properly analyzed. Anyone hitting it with math to find the future in the long term will propably fail at doing so consistently. You see, individuals can have a far to great influence on the price. There isnt a stable portion of the traders behaving as a mass and so any assumptions made about masses behaving will fail. And since the price is decided, ultimately, by behaviour it is kindof strange to see people trying to abstract the hell out of bitcoin while they're dealing with more individualism and less group behaviour than their math has been tuned to.
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marcus_of_augustus
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Eadem mutata resurgo
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August 10, 2011, 12:03:13 PM |
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Thnx, for figuring that out for me. ... bit lazy like that. me too, i just did remember a thread where they where crying about it, and did some math about it. Now isn't it interesting that the $5 cost of production level is pretty damned close to the recent bottom that usd/btc just put in?
why is that? so because some random speculator panicked, and dumped a lot of coins, its the production cost? doesn't really make sense. Cost of production does matter just not in the way you might think .... if you've had anything to do with resource extraction economics you'll know exactly what I mean (otherwise you have some fair amount of research ahead of you). it would matter if it was a resource that we did use. like oil. and random economics does not apply to bitcoin. bitcoin haves a whole set of economic-theory-breaking stuff. like difficulty. you don't have that when you are mining for gold. gold is not easier to get when there are less there are mining it. I never said anything about btc being worthless so have no idea where you are coming from with that last statement. (they are worth exactly what someone is willing to exchange with you for them ... supply and demand). sorry about that. it just felt like you where screaming like all the other noobs about: "bitcoins is backed by nothing, or at least processing power, it is therefor useless!!!!!" Too much of what you said above is wrong for me to bother with replying to all of it ... you'll get there, keep looking up. If you take nothing else away from our brief discussion remember this; when btc/fiat hits cost of production it is cheaper to buy btc than mine .... so do the math on that one thinking first like a miner and then like a btc buyer ... as long as btc remains viable as a currency, cost of production will be very near the floor for the price ... buy low, sell high, get rich
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brocktice
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August 10, 2011, 03:00:41 PM |
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Cost of production does matter just not in the way you might think .... if you've had anything to do with resource extraction economics you'll know exactly what I mean (otherwise you have some fair amount of research ahead of you). it would matter if it was a resource that we did use. like oil. and random economics does not apply to bitcoin. bitcoin haves a whole set of economic-theory-breaking stuff. like difficulty. you don't have that when you are mining for gold. gold is not easier to get when there are less there are mining it. That's an interesting point but it's actually even stranger. No matter how many are mining, the amount produced is relatively constant (subject to minor fluctuations in hashing power and the periodic halving of mining rewards).
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S3052 (OP)
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August 10, 2011, 05:45:42 PM Last edit: August 04, 2017, 07:15:53 PM by S3052 |
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here is the link to view the charts: http://bit.ly/q3UQ9WLongterm: UP. Midterm: UP as long as the 9.5 $ - 10 $ range holds Shortterm: UP from the 12.5 $ low and down sloping channel resistance. [/quote] This was not correct. Just sayin'. [/quote] Yeah, bitcoin is not stable enough to be properly analyzed. Anyone hitting it with math to find the future in the long term will propably fail at doing so consistently. You see, individuals can have a far to great influence on the price. There isnt a stable portion of the traders behaving as a mass and so any assumptions made about masses behaving will fail. And since the price is decided, ultimately, by behaviour it is kindof strange to see people trying to abstract the hell out of bitcoin while they're dealing with more individualism and less group behaviour than their math has been tuned to. [/quote] I know you may not have had the time to review the success of the technical analysis since I started here in October 2010.
In fact, I started the Technical Analysis on bitcoins exactly with the purpose to answer the question: "Will my technical analysis work for bitcoin as well as for other financial markets?".
And indeed, it works just as fine.
And when looking at one of the latest technical analysis: "up from the 12.5 low". This means that the preferred scenario is UP, but it also says that you should sell when it breaks below. Many bitcoin traders have done that, minimized potential losses and bought back in the 5.74 - 7.8 $ area (many of my subscribers gave me this positive feedback).
And lastly, to become a good trader on bitcoins or other financial markets, there is more than technical anaylsis you need to master: money management. Everybody needs to learn this. We can't manage this as we do not know your risk profile, etc.
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