silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
|
|
April 18, 2014, 06:22:15 AM |
|
Dude I've made a killing from his Chinese slumber posts.
Really? I did not intend them as trading advice, thye are just an idea that I have been testing and do not know whether it is worth anything. I m glad (and relieved) that they worked for you. Actually I was being facetious. I don't trust my trading skills enough at this point in time. lol!
|
|
|
|
silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
|
|
April 18, 2014, 06:24:22 AM Last edit: April 18, 2014, 06:45:11 AM by silverfuture |
|
Second: I do NOT know what you mean by Exemplary lesson.
Oh! Wel, well, well... It is decided, then. In order to avoid collateral damage to innocent readers, I will deliver the Exemplary Lesson to @JayJuanGee by private message. If he never shows up again in this forum, you will all know why. If he survives (and I sincerely hope that he will), perhaps he will recover enough to tell you all how bad it was. In either case, all the other sinners out there will have a chance to repent. oh plz, come on, cut the crap dude. I think HDBuck is ignoring me, but YES, it does seem pretty immature for a supposed professor to be engaging in communications that seem like veiled threats. "Academic interest in bitcoin only. Not owner, not trader, very skeptical of its longterm success" Yet almost exclusively posts in the wall observer thread. Seems legit. Why even bother talking to this person? I have yet to glean one useful bit of information from even one of his posts. You may be correct - that engaging with him is a big waste of time. I have been having a few battles with him regarding the contents of his posts, yet there were a few posts of his that caused me to consider matters a little bit differently (in other words I got some value out of them). And, also, I had thought that it may be helpful to point out the deceptive aspects of the content of some of his posts, but that may be a big waste of time, too. My dilemma is that I hate for some obvious misleading to go unchecked - even though it seems about half the posts in this thread are trolls or trollish in nature. Don't worry , bitcoin will do what it is going to do with or without Jorge. Bitcoin doesn't give a shit.
|
|
|
|
silverfuture
Legendary
Offline
Activity: 947
Merit: 1008
central banking = outdated protocol
|
|
April 18, 2014, 06:56:38 AM |
|
dont wanna jump the gun, but after a stagnant day, some bidding is kicking off this reading, gutsy buying near 480 is paying off. Hopefully wave V takes us to 580-600 in the coming days. Not only buy zone, but most likely the last time you will get coins for this low price.
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
April 18, 2014, 07:00:21 AM |
|
|
|
|
|
S3052
Legendary
Offline
Activity: 2100
Merit: 1000
|
|
April 18, 2014, 07:11:48 AM |
|
dont wanna jump the gun, but after a stagnant day, some bidding is kicking off this reading, gutsy buying near 480 is paying off. Hopefully wave V takes us to 580-600 in the coming days. Not only buy zone, but most likely the last time you will get coins for this low price. there are a few other bitcoin forecast charts who give different conclusions...
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 18, 2014, 07:16:38 AM |
|
there are a few other bitcoin forecast charts who give different conclusions...
well I have factored in two bear situations there, but I am a bull. what are the other conclusions? 266 retest?
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 18, 2014, 07:48:32 AM |
|
there are a few other bitcoin forecast charts who give different conclusions...
well I have factored in two bear situations there, but I am a bull. what are the other conclusions? 266 retest? Subscribe to find out! lol...
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
April 18, 2014, 08:00:18 AM |
|
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
April 18, 2014, 08:06:25 AM |
|
I know a lot of readers and traders are sick of talking about China, and that is understandable, but the simple fact is they are relevant until they are not.
Further research into the macroeconomy of the PRoC indicates that key officials actually do understand the inherent dangers of rampant credit growth and misdirected capital (what we Austrian economists call "malinvestment"). They appear to be attempting a "soft landing", meaning they are actually tightening credit in order to attempt to control the economic contraction that everybody sees coming. They are probably not going to tighten enough, because the danger of a catastrophic crash is too great if they over do it, but that is by no means certain. These are smart people faced with the impossible task of figuring out just how much liquidity the market needs.
How ironic that even here in Bitcoin, investment strategy is still so heavily dependent on front-running policy decisions by central banks.
What this means for Bitcoin is that there is unlikely to be much growth in China of new users, at least not enough to matter much in the next few months. That does not mean that existing investors and speculators won't increase their bitcoin purchases if they are able to, and conditions seem to warrant. There also remains a non-zero probability of a major Chinese liquidity event, such as the closure of a large exchange, even more hostile policy, policy interpretation or enforcement from thePBoC or the State.
|
|
|
|
JayJuanGee
Legendary
Offline
Activity: 3878
Merit: 11069
Self-Custody is a right. Say no to"Non-custodial"
|
|
April 18, 2014, 08:13:14 AM |
|
I know a lot of readers and traders are sick of talking about China, and that is understandable, but the simple fact is they are relevant until they are not.
Further research into the macroeconomy of the PRoC indicates that key officials actually do understand the inherent dangers of rampant credit growth and misdirected capital (what we Austrian economists call "malinvestment"). They appear to be attempting a "soft landing", meaning they are actually tightening credit in order to attempt to control the economic contraction that everybody sees coming. They are probably not going to tighten enough, because the danger of a catastrophic crash is too great if they over do it, but that is by no means certain. These are smart people faced with the impossible task of figuring out just how much liquidity the market needs.
How ironic that even here in Bitcoin, investment strategy is still so heavily dependent on front-running policy decisions by central banks.
What this means for Bitcoin is that there is unlikely to be much growth in China of new users, at least not enough to matter much in the next few months. That does not mean that existing investors and speculators won't increase their bitcoin purchases if they are able to, and conditions seem to warrant. There also remains a non-zero probability of a major Chinese liquidity event, such as the closure of a large exchange, even more hostile policy, policy interpretation or enforcement from thePBoC or the State.
I though that some exchanges already talked about moving out of china... like to hong kong ? or was that just rumors? and really moving would NOT necessarily solve the china issue for customers in china.. .. just would allow the exchange to keep operating from its new location.
|
|
|
|
Hen0xyd
Member
Offline
Activity: 87
Merit: 10
|
|
April 18, 2014, 08:15:01 AM |
|
"A wild 800btc buy wall appears @499 on bitstamp". Waiting for the "Wow, that's effective" ^^
Edit : nevermind, it disappeared, but I don't know if pulled off or eaten.
|
|
|
|
chessnut
Legendary
Offline
Activity: 924
Merit: 1001
|
|
April 18, 2014, 08:43:44 AM |
|
"A wild 800btc buy wall appears @499 on bitstamp". Waiting for the "Wow, that's effective" ^^
Edit : nevermind, it disappeared, but I don't know if pulled off or eaten.
huh? did you actually see a wall?
|
|
|
|
Tyson95
|
|
April 18, 2014, 08:49:41 AM |
|
Huobi dump 3 days straight same time, why?
|
|
|
|
dzonikg28
|
|
April 18, 2014, 08:57:30 AM |
|
how many times did i read china in last monht ..i am geting tired off this ..
|
|
|
|
TERA
|
|
April 18, 2014, 08:58:03 AM |
|
Huobi dump 3 days straight same time, why?
The Chinese are very organized and methodical.
|
|
|
|
cech4204a
|
|
April 18, 2014, 08:59:57 AM |
|
how many times did i read china in last monht ..i am geting tired off this ..
i even got some fears from them
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
April 18, 2014, 09:00:17 AM |
|
|
|
|
|
darklight
Member
Offline
Activity: 88
Merit: 10
|
|
April 18, 2014, 09:08:45 AM |
|
Huobi dump 3 days straight same time, why?
Lets see if any 'news' shows up in the next few hours...
|
|
|
|
ShroomsKit
|
|
April 18, 2014, 09:12:31 AM |
|
Huobi dump 3 days straight same time, why?
I wish we would stop caring.
|
|
|
|
billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
|
|
April 18, 2014, 09:15:25 AM |
|
I know a lot of readers and traders are sick of talking about China, and that is understandable, but the simple fact is they are relevant until they are not.
Further research into the macroeconomy of the PRoC indicates that key officials actually do understand the inherent dangers of rampant credit growth and misdirected capital (what we Austrian economists call "malinvestment"). They appear to be attempting a "soft landing", meaning they are actually tightening credit in order to attempt to control the economic contraction that everybody sees coming. They are probably not going to tighten enough, because the danger of a catastrophic crash is too great if they over do it, but that is by no means certain. These are smart people faced with the impossible task of figuring out just how much liquidity the market needs.
How ironic that even here in Bitcoin, investment strategy is still so heavily dependent on front-running policy decisions by central banks.
What this means for Bitcoin is that there is unlikely to be much growth in China of new users, at least not enough to matter much in the next few months. That does not mean that existing investors and speculators won't increase their bitcoin purchases if they are able to, and conditions seem to warrant. There also remains a non-zero probability of a major Chinese liquidity event, such as the closure of a large exchange, even more hostile policy, policy interpretation or enforcement from thePBoC or the State.
I though that some exchanges already talked about moving out of china... like to hong kong ? or was that just rumors? and really moving would NOT necessarily solve the china issue for customers in china.. .. just would allow the exchange to keep operating from its new location. They did talk about moving, but we should know by now that we just can't trust Chinese exchanges and should be wary of all exchanges. Doesn't mean they are lying. It means they are untrustworthy. It means we can't be sure of a bull market until after it's already happened or until the Chinese are out of the picture. It sucks.
|
|
|
|
|