Colored Bitcoins (almost same as bitcoins) can be used for $ transfers.
a) to make your bitcoin colored, you have to deposit $10,000/BTC (in special account)
b) if you have Colored Bitcoin then you can anytime withdraw $10,000/BTC (from special account) and make them an ordinary bitcoins.
question: how to build bank account where you can deposit money and NOBODY can seize it ?
Topic: Yet another analyst :) - page 18. (Read 269594 times)
We have alot "bank bitcoin accounts" which stays in order to get regulated. Mtgox for example.
Bank account can be seized but no bitcoin.
Regulation for bitcoin is good? I don't think so. FATF is involved in war with cash. Their purpose is total annihilation of cash, total control of centralized electronic fiat flow. So you think they will say welcome to bitcoin, which is digital cash? Its a trap. "Come here, get destroyed , oh sorry, regulated of course!"
Lucif,
I respect your opinion like many of the others here and appreciate your detailed analysis. You appear to be right more often than not. I agree that regulation is coming against exchanges and there will be a period when bitcoin will not flow freely. Maybe that changes if the peer to peer trading starts to take off.
I believe regulation is good for bitcoin. While it will be expensive to build a compliant exchange I expect one to appear in the next year or two. Maybe even one in America. ? https://pro.bitcoincharts.com/ ?
How do you interpret what is said here?
Like Mr Pretcher I'm concerned about a grand super-cycle bear market. Assuming the US Dollar will continue to lose it's buying power is the future of bitcoin not strong? Why would people stop trading it if there is:
1) an underground market for it which, like with fiat money, will never go away
2) an above ground market for it where non-law breakers speculate with btc vs USD
3) scarcity
I respect your opinion like many of the others here and appreciate your detailed analysis. You appear to be right more often than not. I agree that regulation is coming against exchanges and there will be a period when bitcoin will not flow freely. Maybe that changes if the peer to peer trading starts to take off.
I believe regulation is good for bitcoin. While it will be expensive to build a compliant exchange I expect one to appear in the next year or two. Maybe even one in America. ? https://pro.bitcoincharts.com/ ?
How do you interpret what is said here?
It just so happens that Pretcher is an avid longer term bitcoin bull. In fact he believes it is the only asset besides cash that is a good investment during what he sees as the upcoming grand super-cycle bear market.
Like Mr Pretcher I'm concerned about a grand super-cycle bear market. Assuming the US Dollar will continue to lose it's buying power is the future of bitcoin not strong? Why would people stop trading it if there is:
1) an underground market for it which, like with fiat money, will never go away
2) an above ground market for it where non-law breakers speculate with btc vs USD
3) scarcity
MO, Elliott Wave receives a terrible rap from the vast majority of people who discover it and subsequently bet the farm with one EW interpretation because they barely understanding it, lose everything, and inevitably demonize it.
Sounds like a slap for me as your disciple. So probably I should justify myself here.Yes, I share only one EW prediction, while there are a lot. But..
1. My count is based on many background indicators which I dont share here.
2. Also based on my personal market observation since 2011 boom. For example, curent bubble wave is a perfect fractal of 2011 one.
3. Also based on personal daily overview of bitcoin and stock market events. For example I know that global campaign against money laundering is in active stage and many exchanges will (or already) have problems with fiat.
4. Also based on paid analysis subscriptions. But I dont copy anyone and have personal view. I drew that triangle in weekly timeframe before many others just because I know that triangle always develops after huge moves and especially in 4th wave.
Etc, etc. I have serious background behind my pics which makes me confident along with my profits.
But I always have key indicators which will ruin my view on their break and turn my strategy in opposite direction.
I.e. I perceive market signals directly and I stopped to live in imagine world. Market taught me with this. Market is always right - not me.
tl; dr - I have different views but post here only most probable one from my own complex considerations.
Its a fractal theory, thats why it apply to any movement. I dont know if it is wrong or right, but it has worked for me.
Same here. I don't think it's a coincidence that Paul Tutor Jones (one of the greatest traders) is an avid follower of Elliott Wave (EW). IMO, Elliott Wave receives a terrible rap from the vast majority of people who discover it and subsequently bet the farm with one EW interpretation because they barely understanding it, lose everything, and inevitably demonize it.
As I've frequently stated, Elliott Wave is not the holy grail of trading. It's merely a tool (one of many) that a trader uses to help lower risk and maximize gains.
Anybody ever ask him what he thinks of Bitcoin?
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
It just so happens that Pretcher is an avid longer term bitcoin bull. In fact he believes it is the only asset besides cash that is a good investment during what he sees as the upcoming grand super-cycle bear market.
To be clear I didn't write that, I stole it from wikipedia. edit, fixed.
Anybody ever ask him what he thinks of Bitcoin?
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
EW works but cant predict what a single man will do but ofc most of "smart ppl" ignore that
So for many, it's no different than bitcoin.
I don't know, my read about Elliot Waves hints that you can take line and apply it to any two points and come up with a line. That doesn't seem very scientific. But I can apply science to bitcoin. I can ask people what they think and then plot the results as I have done in this thread about bitcoin going to $10,000.
https://bitcointalksearch.org/topic/bitcoin-will-reach-10000-245816
The early results are shocking. I'm sure you bears feel differently. Come take my poll so we can more accurately predict the future price of bitcoin.
LTC is a bullshit, not a silver. It is alive since it eats and utilize mining trash hardware abandoned by bitcoin network evolution.
It has value as a novelty gift item today, like an asciminer usb stick.
We need a silver asicminer usb stick with a hologram. LOL
You can make money by trading them - that's good enough for me.
So for many, it's no different than bitcoin.
The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations.
I like this. EWP is the astrology of economics!
Anybody ever ask him what he thinks of Bitcoin?
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
Its a fractal theory, thats why it apply to any movement. I dont know if it is wrong or right, but it has worked for me.
Anybody ever ask him what he thinks of Bitcoin?
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
edit at post 2475: the above was stolen from wikipedia
While Prechter has his admirers, he has been criticized by media and pundits for his long term record. For example, The Wall Street Journal ran a page one article in August 1993 with the headline, "Robert Prechter sees his 3600 on the Dow – But 6 years late," in reference to Prechter's 1987 forecast for the Dow Jones Industrial Average.[32] Technical analyst David Aronson wrote:
The Elliott Wave Principle, as popularly practiced, is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong.[33]
edit at post 2475: the above was stolen from wikipedia
"Declining C waves are usually devastating in their destruction. They are third waves and have most of the properties of third waves. It is during these declines that there is virtually no place to hide except cash. The illusions held throughout waves A and B tend to evaporate, and fear takes over. C waves are persistent and broad."
Robert Prechter
Robert Prechter
I heard a moron say it's going to $10,000! 
https://bitcointalksearch.org/topic/bitcoin-will-reach-10000-245816
https://bitcointalksearch.org/topic/bitcoin-will-reach-10000-245816
Don't think so. Everybody is loading up while waiting for Gox to accept it just Jesus is coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.
Did you set yourself a time limit for that?No. I already sold 70% of my LTC holdings between 0.019 and 0.025, and I'm happy with the profit I got. The remaining 30% I keep for the day before it hits Gox, except for a minimum amount (200/300 LTC) that I will hold long term, just because LTC was good to me and you never know what can happen long term.
Don't think so. Everybody is loading up while waiting for Gox to accept it just Jesus is coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.
Did you set yourself a time limit for that?LTC/BTC went x10 since early March, when I bought in. It's a useless clone of Bitcoin, but it was very good to me as a speculative asset. Buying LTC in March was probably one of the best investments I ever did, if I did not buy lite coin now I would have much less BTC, I can guarantee you that.
That said, as soon Gox announces an official and concrete ETA I will dump 90% of my remaining holdings (which are aprox. 30% of the initial amount I had), and I will dump it for good. I will just keep a few hundreds for the lulz.
Don't think so. Everybody is loading up while waiting for Gox to accept it like it was Jesus coming to visit you, so as soon as it hits Gox there will be some serious dumping by people who bought at 0.002 and below. I will dump on btc-e just before it hits Gox.
this is my favorite topic, donate soon 
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