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Bitcoin technical analysis

  • #2,921
  • Apr 14, 2014 8:36pm Apr 14, 2014 8:36pm
Quoting dhussey
Why are you guys analyzing this junk? I smell tulips... rotting... But if you have to apply technical's: there is absolutely nothing bullish about bit coin.
You seem to contradict yourself.

Tulip == Bullish
  • #2,922
  • Apr 14, 2014 8:43pm Apr 14, 2014 8:43pm
Quoting KiwiOz
{quote} Thanks L_L. It was just a joke but it's nice to be appreciated. Lets hope I can justify in the future.
You are just popular like that See, now that you are online there is more than 10 visitor (edit : 15 now)
Solid analysis, on your first chart is the fib 0.5 an option ?
The two other charts makes me think of diagonals, seems like BTC lately has grown fond of them in C waves. I guess that's what happen when incertitude reign. So yes, a diagonal in both case could make this very true.
  • #2,923
  • Apr 14, 2014 8:45pm Apr 14, 2014 8:45pm
Quoting kingtour
{quotE} You seem to contradict yourself. Tulip == Bullish
I pity you if you think calling a market a Tulpip mania is bullish....

I don't even know how to respond to that

Tulip mania was a market supported by hopes and dreams... Just like bitcoin...

The best part is, even now, long after the great collapse has begun, you still have people believing that its going higher... The writing is on the wall: bitcoin had its hour in the sun, bow its over... It will collapse into obscurity and the history books as a fail experiement of unregulated currencies... The underlying issue is not in its fiesability as an asset class, but the fact that it became the currency for the vice market (illegal things) including, drugs, prostetution, human trafficing, and ultimately the single greatest invention for laundering real money the world has ever seen.

If you believe for a second that the central banks and governments of the world are going to let bitcoin survive... You really are an idealist. And I will be the one selling the crap out of it to you.
  • #2,924
  • Apr 14, 2014 8:56pm Apr 14, 2014 8:56pm
Quoting dhussey
Why are you guys analyzing this junk? I smell tulips... rotting... But if you have to apply technical's: there is absolutely nothing bullish about bit coin.
HHhmmmmmmmmmmmm seems we have a loser in our midst........Pity!!Everyone else is so helpful & making lotsa loot on this "Junk"
Money Makes Money
  • #2,925
  • Apr 14, 2014 10:02pm Apr 14, 2014 10:02pm
Quoting kingtour
{quote} You seem to contradict yourself. Tulip == Bullish
register to be able to post here first, then go to the millionaires forum or thread and ask this 13 year old kids what do they think about BTC and what was their faith when they bout at 0.06 for a BTC back in 2008 if they ever dream to be so rich now.......... and believe me they are fealty rich, ask them where do they see BTC in a few years........


https://bitcointalk.org/index.php?topic=190722.0
The Chonchy
  • #2,926
  • Apr 14, 2014 10:09pm Apr 14, 2014 10:09pm
Quoting KiwiOz
{quote} HHhmmmmmmmmmmmm seems we have a loser in our midst........Pity!!Everyone else is so helpful & making lotsa loot on this "Junk"
........funny thing is that some people claiming they make a leaving in this business don't know that they can make money going short also........


http://www.bornrich.com/john-paulson.html



John Alfred Paulson, a legendary American hedge fund manager, shot to fame in 2007 by short-selling subprime mortgages. He made more than $15 billion for his hedge funds by betting on the collapse of the mortgage-backed securities market in 2007 and 2008. Paulson became a billionaire overnight by predicting the real estate collapse in 2007 at a time when most Americans thought that real estate was infallible. He earned a staggering $3.5 billion that year. Paulson followed it with an equally perfectly timed bet that large banks would survive the financial crisis and that the price of gold would scale a new high. Last year, he personally earned what has been estimated as the largest single payday in the history of Wall Street, a mindboggling $4.9 billion. It is a record for the hedge fund industry.
The Chonchy
  • #2,927
  • Apr 14, 2014 10:14pm Apr 14, 2014 10:14pm
Quoting dhussey
{quote} I pity you if you think calling a market a Tulpip mania is bullish.... I don't even know how to respond to that Tulip mania was a market supported by hopes and dreams... Just like bitcoin... The best part is, even now, long after the great collapse has begun, you still have people believing that its going higher... The writing is on the wall: bitcoin had its hour in the sun, bow its over... It will collapse into obscurity and the history books as a fail experiement of unregulated currencies... The underlying issue is not in its fiesability...

difference be twin a Tulip......

Attached Image (click to enlarge)
Click to Enlarge Name: tulipan.JPG Size: 2.0 MB


and a Bitcoin........

Attached Image


also to grow a Tulip all you need is care and to mine a BTC today cost you an arm and a leg........in equipment.....

https://bitcointalk.org/index.php?topic=12156.600
The Chonchy
  • #2,928
  • Apr 14, 2014 10:16pm Apr 14, 2014 10:16pm
Once you're a wealthy elite, you have unlimited escorts and sugar babies

https://bitcointalk.org/index.php?topic=12156.1060
The Chonchy
  • #2,929
  • Apr 14, 2014 10:21pm Apr 14, 2014 10:21pm
........Lol, and to think that this guy bought this house going short, lol.........

John Paulson bought a super luxury home in the year 2012 valued at about 49 million USD from Saudi Prince Bandar bin Sultan, a former ambassador to the U.S. It’s a gargantuan ski ranch built in 1991 & was once valued at about 135 million USD. It is considered to be one of the most expensive homes ever put up for sale in America and is currently ranked third in the list of the most expensive U.S. homes.

http://static9.bornrichimages.com/cd...1339228033.jpg


what is wrong with BTC going short? it will go up some day, I bet....
The Chonchy
  • #2,930
  • Apr 14, 2014 10:29pm Apr 14, 2014 10:29pm
on another note.......



welcome to communism, Obama.....thanks..



http://www.wealthreporter.com/sa/fed...rcode=PPSIQ349
The Chonchy
  • #2,931
  • Apr 14, 2014 10:35pm Apr 14, 2014 10:35pm
Funny thing is, cryptocoins are a very unwise choice for illegal purposes. I guess it's ok for petty felony, but after experimenting the pain of buying and selling medium amount of BTC with cash, I can say that no organize crime would go through that !
  • #2,932
  • Apr 14, 2014 10:38pm Apr 14, 2014 10:38pm
Quoting chonchy
........Lol, and to think that this guy bought this house going short, lol......... John Paulson bought a super luxury home in the year 2012 valued at about 49 million USD from Saudi Prince Bandar bin Sultan, a former ambassador to the U.S. It’s a gargantuan ski ranch built in 1991 & was once valued at about 135 million USD. It is considered to be one of the most expensive homes ever put up for sale in America and is currently ranked third in the list of the most expensive U.S. homes. {image} what is wrong with BTC going short? it will go up some...
HEY.!!!!!!!! How did you get a photo of my house.????? It has a 50km no fly zone.............
Money Makes Money
  • #2,933
  • Apr 14, 2014 11:44pm Apr 14, 2014 11:44pm
Its always amusing when sceptics express their pity for cryptocurrency traders with the explanation that they have a misguided belief that Bitcoin is going to go up and how the sceptic is going to short it to emphasize their point.

Well, if theyd bother to read the thread theyd know weve been shorting profitably since Dec and that any attempt to short now would be fighting the trend.

As for transactions in contraband and illegal activities, as lady_luck points out, you cannot choose a worse currency than cryptocurrency since its public ledger will be used as evidence against you. Perhaps some people have not informed themselves sufficiently and suffer from the old misconception that bitcoin transactions are anonymous.

As for governments and central banks, Bitcoin was not designed with a dependency on their approval. That is why the currency/commodity is considered disruptive and governments can be seen making provision for it in tax legislation - they thereby acknowledge its existence and hope to iinclude it in their tax revenue.

But you have to inform yourself to know these things before you start announcing your ignorance in a forum dedicated to the subject. While its understandable that someone can underestimate an instruments dynamics and the level of knowledge of the audience they seek to mock, it is pointless to do that if youre not actually learning abt and trading the instrument. For example, if hussey will short now to put his money where his mouth is, he will lose because he's ill informed and ill equipted to know where bitcoin is going next.
cryptocurrency everytime
  • #2,934
  • Apr 15, 2014 1:25am Apr 15, 2014 1:25am
Quoting venzen
Its always amusing when sceptics express their pity for cryptocurrency traders with the explanation that they have a misguided belief that Bitcoin is going to go up and how the sceptic is going to short it to emphasize their point. Well, if theyd bother to read the thread theyd know weve been shorting profitably since Dec and that any attempt to short now would be fighting the trend. As for transactions in contraband and illegal activities, as lady_luck points out, you cannot choose a worse currency than cryptocurrency since its public ledger will...
Money Makes Money
  • #2,935
  • Apr 15, 2014 2:03am Apr 15, 2014 2:03am
Quoting KiwiOz
{quote} ..... Meanwhile watch for this present retracement. It could go down to 425 & maybe even 410 if it gets excited. That's not to say it won't just keep on up from here..... {image} {image} {image}
And that it has...Bitcoin is getting keen.......
Money Makes Money
  • #2,936
  • Apr 15, 2014 2:48am Apr 15, 2014 2:48am
484 hit.(489 actually)..TPs hit I'm flat........Careful now, there is a Bear in the Bull pen........
Money Makes Money
  • #2,937
  • Apr 15, 2014 2:50am Apr 15, 2014 2:50am
!!!!!!!!!
Attached Image (click to enlarge)
Click to Enlarge Name: btcusdh1.png Size: 30 KB
Money Makes Money
  • #2,938
  • Apr 15, 2014 2:59am Apr 15, 2014 2:59am
A sigh of all the good things to come.........
http://www.coindesk.com/btc-china-la...ional-markets/
Money Makes Money
  • #2,939
  • Apr 15, 2014 3:20am Apr 15, 2014 3:20am
getting wave 5 target at 501.2
Attached Image (click to enlarge)
Click to Enlarge Name: uuu.png Size: 12 KB
  • #2,940
  • Apr 15, 2014 4:02am Apr 15, 2014 4:02am
Attached Image (click to enlarge)
Click to Enlarge Name: u2.png Size: 8 KB

zooming in on wave 5 of 3...........
quite unusual to have strong wave 5 after an extended wave 3 (300% of 1)
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