Yet another analyst :) - page 93. | Bitcointalksearch.org

siulynot

legendary

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Quote from: BrightAnarchist on March 22, 2013, 10:03:04 AM

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

Quote

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

Top Top TOP!

Troplolol!

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote

A 22-year-old currency trader

so he traded for 3 years max no ?

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Typical ponzi couch-investor. As rule, they used to stay without property and money at the end. Goof - its a fate.

Quote from: BrightAnarchist on March 22, 2013, 10:03:04 AM

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

Quote

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

BrightAnarchist

donator

Activity: 853

Merit: 1000

Bubble bobble?

http://venturebeat.com/2013/03/21/crazy-or-crazy-smart-canadian-man-puts-grandparents-house-up-for-sale-for-bitcoins/

Quote

A 22-year-old currency trader is selling his grandparents’ house for as many Bitcoins as he can get his hands on.
Taylor More put the listing up for the family home (pictured above) in Alberta, Canada, several days ago. He told me that the property is worth about $395,000, according to a realtor appraisal.

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: siulynot on March 22, 2013, 08:40:14 AM

Quote from: humanitee on March 22, 2013, 08:35:43 AM

Quote from: siulynot on March 22, 2013, 08:21:16 AM

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

I wonder if the crack dealer in my hometown knows what bitcoin is... :/

"You wanna buy some crack?"

"No I want to tell you about Bitcoin."

BitPirate

full member

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: BrightAnarchist on March 22, 2013, 07:51:17 AM

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

I disagree. When BTC is looking temporarily weak, speculators will turn to LTC, and vice versa. LTC is performing poorly because there are too many gains to be had in BTC right now, not due to overall speculator appetite.

siulynot

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Activity: 1274

Merit: 1000

Quote from: humanitee on March 22, 2013, 08:35:43 AM

Quote from: siulynot on March 22, 2013, 08:21:16 AM

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

I wonder if the crack dealer in my hometown knows what bitcoin is... :/

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: siulynot on March 22, 2013, 08:21:16 AM

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

Fortunately the black market alone will find many uses for Bitcoin, even if the white market for some reason fails.

siulynot

legendary

Activity: 1274

Merit: 1000

Quote from: humanitee on March 22, 2013, 08:17:00 AM

Quote from: BrightAnarchist on March 22, 2013, 07:51:17 AM

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

You can't buy shit with Litecoin or any altcoin.
Bitcoin actually has an economy based around it (albeit, still somewhat fledgling).

An economy around it??? I thought bitcoins where used to sit on them until your ass hurt or until you are rich...

humanitee

hero member

Activity: 1302

Merit: 502

Quote from: BrightAnarchist on March 22, 2013, 07:51:17 AM

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

You can't buy shit with Litecoin or any altcoin.
Bitcoin actually has an economy based around it (albeit, still somewhat fledgling).

ThickAsThieves

hero member

Activity: 518

Merit: 500

Quote from: BrightAnarchist on March 22, 2013, 07:51:17 AM

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

Litecoin is not that kind of indicator, since it's main purpose is to buy bitcoin. Litecoin cannot be stable unless bitcoin is stable. Also, litecoin value is highly manipulated by its whales.

BrightAnarchist

donator

Activity: 853

Merit: 1000

Litecoin clearly topped on the 20th, and has been crashing. In fact, all the alt coins seem to have followed the same script. I think this is important - it means the speculative juices have maxxed out on those markets. Bitcoin is bigger and taking longer, but I fail to see why it won't eventually follow suit.

Another interesting thing that I've noticed is this tendency for people to claim that "bitcoin does well when bad things happen in the world". This same argument has been used for gold. And yet, so far, the charts tell the opposite story: bitcoin does well when stocks and general financial speculation are high (such as the high in 2011, which perfectly matched the high in the US small caps/large caps ratio), and goes down when speculative fever does. So far when the economy worsens, people want cash, and not gold or bitcoins.

Things could change for sure, but I'm just pointing out the hard, cold evidence thus far doesn't match the kinds of fundamental arguments I'm hearing based on past market activity. They sure sound good and logical on paper though, I won't argue with that

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Some short term counter-trend formation. May be considered as a bull flag as price didn't leave acceleration channel so far

myself

legendary

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chaos is fun...…damental :)

Quote from: BrightAnarchist on March 21, 2013, 05:27:29 PM

Quote from: myself on March 21, 2013, 05:08:30 PM

Quote from: BrightAnarchist on March 21, 2013, 05:05:12 PM

It's funny how the exact same psychological/sentiment backdrop runs through people in different markets at the same time. Euphoria always gives way to fear...

note that there can be one more spike on the SP500 just to test the ATH but any drop below 1535 can be a good confirmation for shorts
http://www.sierrachart.com/image.php?l=1363903724693.png

Agreed. Right now most wavers I've asked say it still looks like a small fourth wave that may give way to another ATH, but in that case we're still very close to a major top. Obviously I'm leaning towards the interpreting that the top is already in, but the next week or two and the market should yield its hand.

check this http://www.marketwatch.com/Economy-Politics/Calendars/Economic for risk events

BrightAnarchist

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Quote from: myself on March 21, 2013, 05:08:30 PM

Quote from: BrightAnarchist on March 21, 2013, 05:05:12 PM

It's funny how the exact same psychological/sentiment backdrop runs through people in different markets at the same time. Euphoria always gives way to fear...

note that there can be one more spike on the SP500 just to test the ATH but any drop below 1535 can be a good confirmation for shorts
http://www.sierrachart.com/image.php?l=1363903724693.png

Agreed. Right now most wavers I've asked say it still looks like a small fourth wave that may give way to another ATH, but in that case we're still very close to a major top. Obviously I'm leaning towards the interpreting that the top is already in, but the next week or two and the market should yield its hand.

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: BrightAnarchist on March 21, 2013, 05:05:12 PM

It's funny how the exact same psychological/sentiment backdrop runs through people in different markets at the same time. Euphoria always gives way to fear...

note that there can be one more spike on the SP500 just to test the ATH but any drop below 1535 can be a good confirmation for shorts
http://www.sierrachart.com/image.php?l=1363903724693.png

BrightAnarchist

donator

Activity: 853

Merit: 1000

Quote from: lucif on March 21, 2013, 12:28:15 PM

But this is run out of standard deviations, so i think its a local top

Cool. This is perfectly in line with where I think stocks are poised, except in their case I think the top is already in as of a few days ago.

It's funny how the exact same psychological/sentiment backdrop runs through people in different markets at the same time. Euphoria always gives way to fear...

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

But this is run out of standard deviations, so i think its a local top

lucif

sr. member

Activity: 462

Merit: 250

Clown prophet

Local short-term top imho. Otherwise I missed 3/4 with 1/2 and some more upside comming.

Quote from: lucif on March 20, 2013, 10:52:25 AM

Yeah, this wave should be something...

myself

legendary

Activity: 938

Merit: 1000

chaos is fun...…damental :)

Quote from: samson on March 21, 2013, 03:50:48 AM

I'm coming to believe that the only real option is to hold long term and just wait and see what happens.

there is allot of trades u can do on simple dont go against the trend sell at daily R3 R 4 buy at daily R1-PP kinda does the trick

Topic: Yet another analyst :) - page 93. (Read 269580 times)