YoYa
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December 26, 2013, 03:32:41 AM |
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Yeah, whats the point of that ZH article? Nothing to do with Bitcoin.
Er...everything to do with everything, markets and economies are entwined no matter how you call it. BTC will be held up and valued in comparison with shrinking markets, and will either be deigned not worth the risk so no inflow....or as a good hedge so inflow. Of course ZH always lose me when they pull something like this.... ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Macno
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December 26, 2013, 03:33:03 AM |
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And how does FED tapering affect the Bitcoin Market Cap?
Edit: seriously, this is ridiculous. Bitcoin is way to small and irrelevant to the forces you are trying to compare it to. One tweet by Snoop Dogg has more effect on the price of Bitcoin than what the FED does. You should rather stick to your waves.
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windjc
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December 26, 2013, 03:36:13 AM |
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And how does FED tapering affect the Bitcoin Market Cap?
Crash and burn. Death and destruction. Or so I was told.
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masterluc (OP)
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December 26, 2013, 03:41:25 AM |
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And how does FED tapering affect the Bitcoin Market Cap?
No money - no honey ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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2017orso
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December 26, 2013, 03:50:05 AM |
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masterluc you're starting to sound like a writer for zerohedge
but ill bite...bears like honey, no honey - no bears, bulls take over
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Wekkel
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yes
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December 26, 2013, 07:14:38 AM Last edit: December 26, 2013, 01:23:14 PM by Wekkel |
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What would happen if everyone had to turn every dime and severe deflation kicks in? Less money flowing into BTC or people running to BTC as a saviour?
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azedee
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December 26, 2013, 08:42:38 AM |
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Okurkabinladin
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December 26, 2013, 10:20:34 AM |
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No, that will be only actual, when it hits news (ie 2-4 weeks before deadline), it´s way too soon for that.
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molecular
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December 26, 2013, 11:54:10 AM |
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I'm sorry, I missed this. But in what way did the FED taper on 18th? 10% less QE or what?
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molecular
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December 26, 2013, 11:54:59 AM |
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Yeah, whats the point of that ZH article? Nothing to do with Bitcoin.
Has a lot to do with bitcoin in my mind. Is Bitcoin like gold or like stocks. I think like gold, we might see.
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Macno
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December 26, 2013, 01:12:15 PM |
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Well, I guess if Bitcoiners think is has something to do with Bitcoin, then it has, just from psychology...as with Cyprus. If some nerd sells his BTC because of FED Tapering, well...I guess there is a connection then...
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lebing
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Enabling the maximal migration
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December 26, 2013, 03:26:03 PM |
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Pushing SMA 20 for the first time in awhile... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FS47Caj4.png&t=665&c=G8DnMw_zWvfBdA)
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Bro, do you even blockchain? -E Voorhees
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molecular
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December 26, 2013, 03:49:23 PM |
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Pushing SMA 20 for the first time in awhile... ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FS47Caj4.png&t=665&c=G8DnMw_zWvfBdA) Doesn't "SMA 20" mean 20 day simple moving average? If so you "drew" that wrong, you're displaying sma 400 hours (2 hour candles * 200 = 16.66 days), no? SMA 20 days looks like this on the 2-hour you used: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FNLJONXgl.png&t=665&c=yZLfnqYdSvYVNA) regardless of wether I'm understanding this correctly or not (am I?), it's almost broken.
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lebing
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December 26, 2013, 04:06:56 PM |
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Doesn't "SMA 20" mean 20 day simple moving average?
Ya youre right I posted the wrong chart, I meant to post the daily. While it doesnt really matter, they are all moving averages, the daily is by far the most widely used. Anyway, so if the daily does close above the SMA20 line, that for me essentially means that the bear has gone into hibernation. Heres the correct chart: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fw8mYA6b.png&t=665&c=GMLSkLUg-SQgmg)
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Bro, do you even blockchain? -E Voorhees
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ElectricMucus
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Marketing manager - GO MP
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December 26, 2013, 04:12:21 PM |
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Anyway, so if the daily does close above the SMA20 line, that for me essentially means that the bear has gone into hibernation.
Hasn't worked last time apparently, what makes you think it will work this time? And if it doesn't does that mean the bear market must continue? I think we all know the answer: Both things can happen either way and the price closing above or below SMA20 isn't that important.
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shmadz
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@theshmadz
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December 26, 2013, 04:15:37 PM |
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Doesn't "SMA 20" mean 20 day simple moving average?
Ya youre right I posted the wrong chart, I meant to post the daily. While it doesnt really matter, they are all moving averages, the daily is by far the most widely used. Anyway, so if the daily does close above the SMA20 line, that for me essentially means that the bear has gone into hibernation. Heres the correct chart: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2Fw8mYA6b.png&t=665&c=GMLSkLUg-SQgmg) I don't have such sophisticated methods, but previous 2 times we tested the 780 level *Gox* the price took swift downturn. What I see for short-term is that unless the price breaks and holds above 780 then this consolidation period will continue, with perhaps retracement as low as around 610-620? (more likely price will fluctuate above and below that 700 level for some time again.)
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"You have no moral right to rule us, nor do you possess any methods of enforcement that we have reason to fear." - John Perry Barlow, 1996
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lebing
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December 26, 2013, 04:30:23 PM |
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I don't have such sophisticated methods, but previous 2 times we tested the 780 level *Gox* the price took swift downturn. What I see for short-term is that unless the price breaks and holds above 780 then this consolidation period will continue, with perhaps retracement as low as around 610-620? (more likely price will fluctuate above and below that 700 level for some time again.)
Sure a retracement is possible and it very well could turn around right at the SMA. But personally I dont think so. I think we will break it and consequently see a huge push up to somewhere above 900 before it evens out again. Anyway its all short term shenanigans. Long term is what matters.
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Bro, do you even blockchain? -E Voorhees
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