How much higher, may I ask? To me it seems that it's a limited push, the money came from order redistribution, and the market is not yet following.
It reached a peak above 142, but there's only about 3k BTC buy orders from 129 to 140. This could reverse anytime.
Topic: . - page 13. (Read 35863 times)
At the rate things are going I'd have to extend the target another week.
$137 Thursday, September 05, 2013
I should have stayed with the original methodology, which still seems to be holding for indicating reversal from intermediate peaks. But reading an indicator after the fact and projecting where it will converge in the future are two different things. Mostly, there just wasn't enough information to do the projection. But basically, the closer to the convergence we get the easier it is to see where it will happen. But I can not really predict how fast it will happen.
$137 Thursday, September 05, 2013
I should have stayed with the original methodology, which still seems to be holding for indicating reversal from intermediate peaks. But reading an indicator after the fact and projecting where it will converge in the future are two different things. Mostly, there just wasn't enough information to do the projection. But basically, the closer to the convergence we get the easier it is to see where it will happen. But I can not really predict how fast it will happen.
Ok, thanks for posting the new prediction.
However, it does not fit with my EW sub-sub-wave recognition. I expect the peak no later than tomorrow the 30th August, although I can't see any sign in market indicators yet.
The 30th fits from a temporal perspective, but not from money flow or MACD. And the peak could be quickly followed by a whale dump including the 127$ buy wall.
That's what happened in May, with a 25k+ BTC buy wall, also at 127$ IIRC. It could happen again.
Also, the 137$ peak value: it's too high IMO, it would require a buy of 1.8 M$ plus resistance. Do you see that much money available for the push?
It appears I was correct with the 30th August, but still the price peak could be later, as Chodpaba predicted, if panic buyers follow this whale buy.
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
This is somewhat bullish. A six page spread in The new issue of maximum pc http://m.imgur.com/a/6dDHQ
WTF is Maximum PC? Do they have more than 1000 readers?
they have 21K twitter followers 74K facebook likes
seems like a small mag, but still ya more than 1000 readers
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
This is somewhat bullish. A six page spread in The new issue of maximum pc http://m.imgur.com/a/6dDHQ
WTF is Maximum PC? Do they have more than 1000 readers?
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
ya its taxable, here too, no one actually decaires barter tx on their income taxes tho...
not sure if its income tax or VAT tax, steal your money because we can tax, idk...
the worst that will happen is Tax man demands more money.
hope for the best be prepared for the worst?
A friend recently got fucked, and now owes like 70K, because he wasn't declaring the scrapping he did for years, and he was doing it with a buddy splitting the profits 50-50
and now he's stuck with 100% of the tax liabilities....
there is a bright side to declaring more income, the banks will want lend you more dirty fiat! and you can buy a really big really over price house ( later to be repossessed when the interest rate goes to 15% and you can't make the payments anymore! )
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
ya its taxable, here too, no one actually decaires barter tx on their income taxes tho...
not sure if its income tax or VAT tax, steal your money because we can tax, idk...
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
This is somewhat bullish. A six page spread in The new issue of maximum pc http://m.imgur.com/a/6dDHQ
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
ya its taxable, here too, no one actually decaires barter tx on their income taxes tho...
not sure if its income tax or VAT tax, steal your money because we can tax, idk...
For some reason I fear this might change.
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
ya its taxable, here too, no one actually decaires barter tx on their income taxes tho...
not sure if its income tax or VAT tax, steal your money because we can tax, idk...
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
Bitcoins were worth $10 back then. Now $130...... again, priced in.
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
No, I can't. My landlord doesn't accept bitcoins. I suppose I could work with some no-name company like billpayforcoins to send a company check to my landlord through Bitpay (what % cut they take TBD)... but I can also just convert to fiat and pay myself. So why would I do that?
I could have done that several months ago, too, in the midst of the last downtrend.
or use this old service that now allows bitcoin payments, IF your landloard uses this old service, http://www.prweb.com/releases/2013/8/prweb11063422.htmI could have done that several months ago, too, in the midst of the last downtrend.
because if you spend it you don't pay capital gains tax. can't pay capital gains tax without any capital gains
Re taxes, do you have a legal basis for saying that, or are you just playing with words? I don't think I agree, and anyone considering that route should have a sitdown with a good attorney.
The term "fair market value" comes to mind in re to US tax code. Don't know about Canada, but again..... tax attorney.
Specifically, Section 988 of IRC seems to account for a "gain from the sale or other disposition of property" which is a taxable event.
Quote
The CRA told the CBC there are two separate tax rules that apply to the electronic currency, depending on whether they are used as money to buy things or if they were merely bought and sold for speculative purposes.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
"Barter transaction rules apply where BitCoins are used to purchase goods or services," Canada Revenue Agency spokesman Philippe Brideau said in an email.
move to canada.
Bitcoins were worth $10 back then. Now $130...... again, priced in.
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
No, I can't. My landlord doesn't accept bitcoins. I suppose I could work with some no-name company like billpayforcoins to send a company check to my landlord through Bitpay (what % cut they take TBD)... but I can also just convert to fiat and pay myself. So why would I do that?
I could have done that several months ago, too, in the midst of the last downtrend.
or use this old service that now allows bitcoin payments, IF your landloard uses this old service, http://www.prweb.com/releases/2013/8/prweb11063422.htmI could have done that several months ago, too, in the midst of the last downtrend.
because if you spend it you don't pay capital gains tax. can't pay capital gains tax without any capital gains
Re taxes, do you have a legal basis for saying that, or are you just playing with words? I don't think I agree, and anyone considering that route should have a sitdown with a good attorney.
The term "fair market value" comes to mind in re to US tax code. Don't know about Canada, but again..... tax attorney.
Specifically, Section 988 of IRC seems to account for a "gain from the sale or other disposition of property" which is a taxable event.
Bitcoins were worth $10 back then. Now $130...... again, priced in.
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
No, I can't. My landlord doesn't accept bitcoins. I suppose I could work with some no-name company like billpayforcoins to send a company check to my landlord through Bitpay (what % cut they take TBD)... but I can also just convert to fiat and pay myself. So why would I do that?
I could have done that several months ago, too, in the midst of the last downtrend.
or use this old service that now allows bitcoin payments, IF your landloard uses this old service, http://www.prweb.com/releases/2013/8/prweb11063422.htmI could have done that several months ago, too, in the midst of the last downtrend.
because if you spend it you don't pay capital gains tax. can't pay capital gains tax without any capital gains
$77 Saturday, September 14, 2013
does this low peak estimate still stand? I understand it may not take place on that day, however, I'm curious value wise.
No. I feel even less confident about going out more than one reversal.
And I don't think we have seen the first one yet.
Thanks... I feel a reversal coming as well, just can't put a value on it
this thread is going to cost a lot of people a lot of bitcoin...
there's nothing to indicate a reversal is coming...
Which people do you mean? The 50 people who read my posts?
lol
lol
i'm sorry I trolled your thread,
i can't help but spread bullishness everywhere.
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
I could have done that several months ago, too, in the midst of the last downtrend.
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
you can pay your rent in bitcoin now
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Could you give some examples? Things that are significant now for price movement, that weren't a week ago, or 2 months ago, for instance?
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
lol, this is exactly what i'm talking about.
the bubble started with news of wordpress, and now the news we've been seeing these days is viewed as Nothing Special.
WEIRD!
Yes, I am expecting the current trend to continue to 180 and maybe even to a new ATH.
The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
News = whatever. Nothing unprecedented. And it's priced in.The news surrounding bitcoin is unprecedented, and the fact that most speculators are not speculating on these new developments, and instead pretending that everyone will suddenly lose confidence and sell it down to new lows, is kinda weird...
I understand that 2011's bubble deflated much futured down, but thats because everyone lost confidence and sold, this is clearly not going to happen today, the only thing that can save you bears is if some retarded whale starts dumping coins in a panic as another country declares bitcoin legal tender.
By the same token, it's quite clear looking at the chart that one could say the same about whale buyers. Without these intermittent whale buys, there is no volume to be seen.
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