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Bitcoin Analysis 22 replies
Bitcoin-Family math and technical analysis 20 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Disliked{quote} .... Bitcoin Price Falls Below $600 as US Government Prepares for 30,000 BTC Selloff (from silkroad 1.0 seizure...). The sale is expected to be held on 27th June from 6 am to 6 pm EST. set you agenda/watches {image}Ignored
Disliked{quote} This chart has more of a bullish bias at the moment. {image} For I, 950 is unlikely but not to be excluded. So is 480 for II.Ignored
DislikedThis SR wallet is empty... Bitcoin Address 1FfmbHfnpaZjKFvyi1okTjJJusN455paPH ... perhaps they "transferred" the coins out of that wallet, and if the coins have only been sent to another address, then no exchange was involved... I used the "gribble" calculator in the #bitcoin IRC channel to calculate that a simultaneous sell of all 144,000 coins will cause an approximate $200 drop in price. However, that doesn't seem the best strategy at these low prices (or ever) -...Ignored
DislikedHello everyone, I've been trading retail FX for a while now but I have recently started to watch BTC/USD. Do any of you have any insight as to how I could use the level II access available in BTC to my advantage. I've never actually been able to watch an order book so I'm not really sure how to use it properly and I don't want to get burned obviously. Thanks for your help.Ignored
Disliked{quote} Interesting, http://www.usmarshals.gov/assets/2014/bitcoins/ did they just implicitly recognized BTC as a legal asset ? As of the rest of the stash, they probably have to wait until the end of the prosecution ? May be it's all from different cases. Also, the registration process seems to exclude the implication of exchanges.Ignored
Disliked{quote} Hello, This PA was a perfect fit in the channel. May be 5 of C still to come. To me, still on track for a new high (despite silkroad ).Ignored
Disliked{quote} hi lady_luck, Thanks for the link, i read there that the auction doesn't include the accused's coins - some consolation for him, eh? I guess this has some impact on Bitcoin's official status. Combined with a tax directive and SEC decree, btc is mainstream.Ignored
Disliked{quote} The other interesting thing is, the sell is only split in 10 lots of 3000btc. With a 200,000usd deposit to play, look like they expect 100$ per btc as a strict minimum. That doesn't leave many potential buyers. Anyone with that type of money, willing to purchase BTC from the government and having their identity in the open, seem unlikely to sell their lot immediately. The way I see it, we'll have a new major "holder" in the game, that's why this news is pretty bullish in my opinion. edit : and if the auction end up above $300/btc, seeing...Ignored
Disliked{quote} hi lady_luck, Thanks for the link, i read there that the auction doesn't include the accused's coins - some consolation for him, eh? I guess this has some impact on Bitcoin's official status. Combined with a tax directive and SEC decree, btc is mainstream.Ignored
Dislikededit 2 : current PA is really similar to mtgox 2010 to 2011. Also LTC chart look very much alike october 2013. How fast and the volume necessary for yesterday's low, made me think more of an opportunity to close short position than the beginning of a deeper correction. At this time PA didn't move below the top of "1" which is also the end of "iv of 3" around 640, so for me a wave 5 up feels more likely.Ignored
Disliked{quote} My understanding is that BTC has tax status of a 'property' in the US http://www.coindesk.com/internal-rev...cies-property/ Also afaik, (could be wrong ofc) but the SR auction is not a 'sell' of BTC's into fiat as we see on the usual exchange action that will push the price lower, its just a transfer to a new owner (auction winner) same as any other auction item. So we shouldnt see a drop in price directly, only from the sentiment / fear of it, as whomever wins the auction is unlikely to plan to then...Ignored
Disliked{quote} I could imagine the auction price is going to go to pretty much market value, since auctioneers will have live feeds of both prices on the day. So if they are in the auction to then sell them for a quick buck immediatelly, they need to ensure a good auction price as they then have to get them transferred first etc so delaying the direct effect. so any huge drop from this would be just weird imho. Someone on another thread suggested its likely only big time investors would go for this, and they are likely to pay above market value for them...Ignored