Topic: Analysis - page 229. (Read 941563 times)

so usually , what will happen after h&s target reached

h&s target reached

And what? Nobody is perfect, Luc is right  in most cases. He shares his knowledge for free and its a big deal for those who trade\learns to trade.

what happened with   




What is your last predriction ,500 or 200 ?  or maybe 50 or 1599? 

yes like in most countries only the national currency can be used as a means of payment in that country...  i swear there is some group that comes out with these bullshit articles every week

last week it was "thousands of bitcoin companies will get SEC letters"

whoever these people are they need to get punched in the face (no i don't care about your dumb libertarian no violence motto)

It appears it's still legal to buy bitcoins in Ukraine though, and the initial articles claimed it was completely banned.

This - from the googletranslated article, it appears Ukraine's existing laws ban the use of currencies not issued by the central bank for payments, and they've clarified that Bitcoin falls under this category, and is therefore not to be used for payments. It's not exactly a full ban but it's also not just them washing their hands of the matter.

Here is the link to the Ukranian bank's warning. You can read it with google translate.

http://bank.gov.ua/control/uk/publish/article?art_id=11879608&cat_id=80928

It does not say bitcoin has been banned, merely that it cannot be used as a means of payment in Ukraine. Here's the translation

Given the above, the National Bank of Ukraine considers "virtual currency / Cryptocurrency " Bitcoin as a money substitute that is not providing real value and can not be used by individuals and entities on the territory of Ukraine as a means of payment, because it is contrary to the norms of Ukrainian legislation

It also says the National Bank of Ukraine is not liable for risks and losses associated with the use of bitcoin. Here's the translation

We emphasize that the risks for use in the calculation of "virtual currency / Cryptocurrency " Bitsoin responsible party payments for them. National Bank of Ukraine as a regulator is not liable for risks and losses associated with the use of "virtual currency / Cryptocurrency " Bitsoin.

lol

Thanks for the update once again.

At what price will your latest count/prediction be invalid? $417.99 or lower?

Bitcoin might not have been banned in Ukraine. A forexminute article says a Ukrainian user in Reddit contradicts the news

http://www.forexminute.com/bitcoin-news/ukraine-ban-bitcoin-49499

Here's his reddit post

https://www.reddit.com/r/Bitcoin/comments/2lvczp/ukraine_and_bitcoin_clarification/

The text below is quoted from the forexminute article, and basically says bitcoin has not been banned in Ukraine.

Posting his comment in /r/Bitcoin, this user says that as he can read National Bank of Ukraine website and their original posting, there is nothing like they have banned Bitcoin. According to him they stated that Bitcoin is not regulated by them or anybody and they cannot guarantee safety of funds or operations.
The user further clarifies that the National Bank of Ukraine stated that Bitcoin is often used for illegal activities and pointed out that only legal currency for payment for goods and services inside Ukraine is Hryvnia (UAH). According to them it always was that way; therefore, none can slap anything on price tag in the shop except UAH.

The National Bank of Ukraine also determined that the sale logic is applicable for other officially documented prices or contracts. The organization asks citizens to be vigilant for scams when using Bitcoin. Essentially, the Government bank is saying that if the users lose their money transacting Bitcoin, they are warned beforehand.

At the same time the National Bank of Ukraine has urged the citizens to use the national currency than Bitcoin for their business records and official prices and tax records. Essentially, the warning is typical that has been used by various other governments like India, China, Russia, etc. around the world that consider Bitcoin a challenge for their national currencies.

they won't be able to ban it if they want to join the EU, otherwise we'll let Russia roll over them

anyway it is good press for us, rich Ukrainians will definitely see bitcoin as a go to option for getting their money out of the country

So, double bottom coming?

How did you get it? =)


Guano apes

lmafo those ukranian politicians are so f#cked up.

I am waiting for Luc to come out of woods and declare that upper daily BB when falling is a very hard resistance.

http://www.zerohedge.com/news/2014-11-10/ukraine-central-bank-bans-bitcoin-protect-citizens-financing-terrorism

 

there is an interesting dynamic perhaps at play here

notice that btc is going up at the same time as the USD, this may seem counterintuitive

btc should be falling but now it is rising above the $, perhaps this means that some subset of users see BTC as more favorable than the U$D when getting out of other fiat currencies.

don't ever underestimate the dollar, it is the prima donna of all the fiat coins