Topic: Near term price prediction. - page 4. (Read 3820 times)

Here is my placed short bet.

"S'Gone"

I may get more funds onto Bitfinex and elaborate on it later.

You really should be going long on Dunning-Kruggerands.

It has exactly zero impact on policy at the national/global level.  NYDFS is not going to handicap NYC in competing with London.   Lawsky is an impotent slug.  The most harm than can be done is a few soundbites.  The economists speaking at the end of day 2 are probably going to generate some epigrams suitable for a bear's sig.

Yeah, Bitcoin is world wide.  Also, by its nature it is designed to be political neutral.  Sure, "they" can try to regulate it as they do with everything else (which is why the world is in the mess that it is in) but they will fail just as they have failed with the war on drugs, poverty, terrorism, education and everything else the state attempts.

Free market, free market, free market.  That is the only way to freedom and prosperity.

The more they try to regulate, the better it is for Bitcoin

It depends.

If the policy direction gets clarified without much ambiguity, then it is. NYC is a major financial hub.

Really? I think NYC hearing is quite important. It should, at the very least, provide some kind of guidance in terms of political policy.

Why exactly do you think otherwise?

I doubt NYC Hearing is so important

Please do.

I should add, only go long here if the bots let you bid under their inflated ask price. If you bid at the ask price, you will get in, but you will then invariably have trouble selling at the next top and will probably be forced to sell well under the spot price, leaving u not very much margin minus exchange fees.

I have been trying to liquidate a short position at a break even price point. I have been watching bitcoinwisdom and a couple of times I thought my buy-order was triggered, only to discover that it was another similarly sized order that outbid me by 1 cent!....."oooh silly me, if I only I had bid a little higher! I had better go chasing that Ask wall before its too late!!!"

most pathetic market ever.

Random guess:

NYC hearing negative = ~650
NYC hearing positive = ~1000

Quoted for future reference!

No TA here, as I reckon I am starting to tune into the manipulators script.

Bitcoin will hover around the level it is at but slowly grind it's way up to 814 level. At this point it will hover around and grind its way back down with the whale-rats springing massive trade orders into towering bid walls that have built up due to bots causing a chasm between buyers and sellers.

Go long here (but make sure you bid a good few dollars below the fake spot bot moulded spot price), have sell orders at around 814, take small profits and then short Bitcoin.

U read it here first!

EDIT: For posterity, may I add that Bitcoin was at 791 on Stamp at the time I posted this. Presently at 806 (whale-rat bot inflated prices that is, real price probably about 802). Those who went with my long trade will have done ok so far....I never got in cos I bid too low, but I have raised my bid (still under 800) and hope to get in a bit later on.

Updated: Well that played out much faster than I would have thought as it seems that after the whale-rat wallet A - whale rat wallet B pump, there was no dump! Instead, there was a severe shortage of mugs willing to go piling into the whale rat's buy wall in the $815-$820 range. Anyone who did what I said, will have done pretty well if the cash their short out even now (Bitstamp $801). Me, I am holding out for a good bet yet seeking multiple profits. Keep the losses small and the wins big...can't go wrong.