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

[miketonic]

Seems that bitcoin has found a stable price level. I believe it will continue for some time. That could be a good thing for businesses using bitcoin.

[Bitbuy]

Seems that bitcoin has found a stable price level. I believe it will continue for some time. That could be a good thing for businesses using bitcoin.

Indeed, and due to this it might seem that sevices like this one are irrelevant / not accurate. Their reports seem accurate & extensive; but if the market is not moving / stable (which might actually be a good thing) there are also no trading opportunities.

[S3052]

Seems that bitcoin has found a stable price level. I believe it will continue for some time. That could be a good thing for businesses using bitcoin.

Indeed, and due to this it might seem that sevices like this one are irrelevant / not accurate. Their reports seem accurate & extensive; but if the market is not moving / stable (which might actually be a good thing) there are also no trading opportunities.

You are right.

It is best to think about it in the metaphor of waves:

There are certain times where there is no wind and there only tiny waves. This makes trading largely unprofitable due to the spread and slippage and false signals.

And there are a lot of periods with strong moves where trading can be a stormy paradise.

Good analysis and forecasts follow this principle: Stay neutral in the no-wind times and give clear directions in stormy times.

And: The stable period will soon be over, and subscribers of www.digitalcurrencyresearch.com will be the first to know when we think it's going to happen, and in which direction.

[Ente]

Seems that bitcoin has found a stable price level. I believe it will continue for some time. That could be a good thing for businesses using bitcoin.

Heh.
I saw it all over again, several times, back from 2011 to today. It goes up, it goes down, it rises like crazy, it tanks by more than 80%, it goes sideways. And at every point in time there are people telling "now the tipping point is here!" "Bitcoin won't survive this crash" and "finally we found the long-term stable exchangerate". It never happened, and we are a long way from any of those three to happen. Maybe when the world market is saturated, or Bitcoin2.0 takes over.
It took me years to learn that any point in Bitcoin history I watch is similar to how it was before, and will result in similar stuff just like before.

Holdin' and waiting for the next stormy weather :-)

Ente

[emperor37]

Hi,

I signed up for ActivePro for 1 month trial.
I m kind of disappointed because of lack of updates and found them vague.
If you trade, you will need daily updates but you provide 2 short update and 1 weekly report.

Also your trade suggestions are vague (at least for me).
Here http://xchang.in/xcharts/blog/ this guy was updating daily, free of charge till end of Jan, it was mostly accurate and clear brief aupdates.

And, If customer dont trade and hold for long term, customer will not need your service after 1 moth since he will know one more time AHT at medium/long term.

"bound between 859 $ and 1093 $" from your update
I dont think it is useful info for daily trading point of view, so wide.

and I think you must value data from BTC-e rather than MT-Gox.

regards

[Ente]

and I think you must value data from BTC-e rather than MT-Gox.

Totally agree. Let's all vote on http://bitcoinbullbear.com/ for BitStamp or BTC-e instead of that outdated 'Magic the Gathering' exchange :-)

For the other points, there's not much to suggest when the technicals tell S3052 that not much is happening. He'll chime in on this I guess.

Ente

[S3052]

Team - you are right: There are times when it is warranted to provide tighter trading ideas and ranges, and there are times when it is best to protect people from getting caught in random bitcoin price swings.

That said, for example, the latest report from February 5 was again dead on with a forecast for bitcoin price declines: "there appears to be little support to the downside.. 60/40 probability down". This was when BTCUSD was at 835$ at MtGox, and now it is at 674$.

There are always some people who complain about things, but the overwhelmingly positive feedback from 90+% of our subscribers tell us that we are on track.

That said, we will soon offer new feedback and service opportunities for subscribers - as we always strive to innovate and improve services.

[S3052]

https://digitalcurrencyresearch.com/ and http://bitcoinbullbear.com/ has just moved to bitstamp as leading market for bitcoin charts and bitcoin forecasts.

We abandon MtGox until further notice and possibly foreever. Good bye.

[S3052]

The poll is reset for your voting again.

Up?
Down?
Same?
for the next 4 weeks

[S3052]

Also, a new weekly bitcoin forecast has just been issued to subscribers.

Trial subscriptions for 20% discount are still available here: http://bitcoinbullbear.com/

[traderCJ]

S3052:

I think you should start publishing your personal trades in order to support your gains claims.  What you publish to subscribers is simply too vague for my taste.

[S3052]

As mentioned before, there are many types of different investors and traders.

Our most recent subscriber survey tells us that 90% of subscribers are satisfied with our current service.

There will always be a few individuals who want something else.

That said, we are very happy about your feedback and will continue to improve and innovate.

[traderCJ]

As mentioned before, there are many types of different investors and traders.

Our most recent subscriber survey tells us that 90% of subscribers are satisfied with our current service.

There will always be a few individuals who want something else.

That said, we are very happy about your feedback and will continue to improve and innovate.

Fair enough, but don't you think you should have some evidence on hand to support the claims you make in the subject line of the thread? (+1,492% gains, +750% more than B&H)

[Anima]

As mentioned before, there are many types of different investors and traders.

Our most recent subscriber survey tells us that 90% of subscribers are satisfied with our current service.

There will always be a few individuals who want something else.

That said, we are very happy about your feedback and will continue to improve and innovate.

Fair enough, but don't you think you should have some evidence on hand to support the claims you make in the subject line of the thread? (+1,492% gains, +750% more than B&H)

I just finished a trial subscription and must agree with you.. the trading advices are too weak for my liking. I got more info from just reading the speculation threads on BTT and tradingview than from the service. I did not resubscribe to this service.

[S3052]

Can I ask you a question, please?

For how long have you been trading any financial market regularly?

As said, we have a 90%+ satisfaction rate from our subscribers, over already 3 years. And bitcoinbullbear.com has been outperforming the buy and hold strategy massively throughout this time.

I do not want to put you on the spot too much, but can it be that you are not so experienced in trading and money management? Let us know if you need some help on that. We did that before with subscribers and they were very happy about it.

And finally, here is yet another example of the accuracy of our forecast from yesterday:

Lead forecast:
1. "Short term trend: DOWN"
2. "Very short term trend DOWN"
3. "Put all of this together and we continue to think the market could press lower to test the 550 to 620 $ range" This was when BTCUSD was at 652.85 $. As of this minute, BTCUSD is at 621 $. This means, you could have made 31 $ per bitcoins sold or shorted. Not bad for 24 hours...
It can be that simple





 

[S3052]

Now even 615 $ .. falling further.. very nice

[S3052]

New short term update just sent to subscribers, also including more details about our MtGox decision.

[vphen]

New short term update just sent to subscribers, also including more details about our MtGox decision.

??.  but I didnt receive any.

[S3052]

New short term update just sent to subscribers, also including more details about our MtGox decision.

??.  but I didnt receive any.

 are you an active subscriber?

[vphen]

New short term update just sent to subscribers, also including more details about our MtGox decision.

??.  but I didnt receive any.

 are an active subscriber?

yes, the last I received is "Weekly Report (2/12/2014)"
did I miss any?