We have some kind of lift off.. For every resistence we break I'll drink a shot of tequilla
- #142
- Nov 20, 2013 9:20am Nov 20, 2013 9:20am
- Joined Jul 2011 | Status: good | 4,295 Posts
We have some kind of lift off.. For every resistence we break I'll drink a shot of tequilla
one bottle down the hatch for sure!i got in too early at $530 instead of $450 - will figure out why and post tomorrow... but no tears, what's $80 when BTCUSD is going to the moon! Hahaha!
cryptocurrency everytime
- #143
- Nov 20, 2013 10:16am Nov 20, 2013 10:16am
{quote}
just kidding :-p
In my opinion $530 was a good price to buy BTC. Not complety reckeless. It has some risk yes but a good reward.
- #144
- Nov 20, 2013 2:38pm Nov 20, 2013 2:38pm
{quote} It didn't close :-)
Its crackleing between 500 and 700 at the moment. I wish I could tell where it will go at the end! 
However, it seems this is only a major correction, and its finished... So? Back to 900$+++?Cheers!
Stay green! FN
- #145
- Nov 20, 2013 3:14pm Nov 20, 2013 3:14pm
{quote} Yeah, it didnt.
- #147
- Nov 20, 2013 3:40pm Nov 20, 2013 3:40pm
{quote} Hi Venzen, careful when analyzing momentum when instrument as performed exponential. In such circumstances it is much better to change the momentum indicators you use with for example PPO (percentage price oscillator). Makes more sense math wise :-) Has someone Bitcoin on MT4 platform? If yes, can you please apply the PPO on it and show a weekly chart (over the last 2 years or so). That would be great {file}
Stay green! FN
- #149
- Edited 7:54pm Nov 20, 2013 7:25pm | Edited 7:54pm
{quote} Hi Venzen, careful when analyzing momentum when instrument as performed exponential. In such circumstances it is much better to change the momentum indicators you use with for example PPO (percentage price oscillator). Makes more sense math wise :-) Has someone Bitcoin on MT4 platform? If yes, can you please apply the PPO on it and show a weekly chart (over the last 2 years or so). That would be great {file}
Here you go....
MarK
- #151
- Nov 21, 2013 1:21am Nov 21, 2013 1:21am
- Joined Jul 2011 | Status: good | 4,295 Posts
The bitcoin chart reminds me of the Apple stock price fast forwarded.
Hi Iro,
True, hey? Thing is Apple is a stock but Bitcoin is behaving like a commodity, so quick peaks and troughs as supply and demand fluctuate and participants speculate. Have a look at the longterm chart for Coffee - this is what Bitcoin will look like while it's a speculative market - only over months not years!
Compare this to the chart for a stock which tends to show gradual growth with corrections always less than the advance
cryptocurrency everytime
- #152
- Nov 21, 2013 1:32am Nov 21, 2013 1:32am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #153
- Nov 21, 2013 1:33am Nov 21, 2013 1:33am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #157
- Nov 21, 2013 3:15am Nov 21, 2013 3:15am
- Joined Jul 2011 | Status: good | 4,295 Posts
Hi Venzen. With the knowledge I have of bitcoin (which is very limited) I would say as long as no regulation comes into play, bitcoin can only ever be bullish in the long term. Until people develop an account with sufficient equity, the daily fundamentals are essential. OVER TIME THE GENERATION OF NEW BITCOINS INTO THE MARKET WILL BECOME MORE AND MORE RARE. This is the nature of it's design that logarithmically fewer will ever be produced in increasinly smaller quantities over increasingly longer time frames. 3 years ago a new bit coin would have...
Rhodie,
Good to see you here.
I happened to get paid in Bitcoins for a some project work. I was just happy to help but the person insisted and paid me 0.25 Bitcoins. I thought it was funny and just kept them in my "wallet" until one day I read about an API for the Mt Gox Bitcoin Exchange - I checked it out and also found a custom trading platform for it. The whole lot integrated quite well with my existing charting and desktop tools so i transfered my Bitcoins to Mt Gox and let an algorhythm trade very conservatively for a few months. It multiplied my original 0.25 to 0.6 Bitcoin and I was really happy with that. I can convert my Bitcoins and withdraw the accumulated $300 from Mt Gox at anytime but I figure just let it ride and see what happens. It was money for nothing to start with so no risk or loss to me even if Mt Gox closes or Bitcoin vanishes into the Great Bit Bin in cyberspace !
As I mentioned over at the Gold thread - the Bitcoin chart is beautiful and it's waves are elemental and technically perfect. Including the cryptographic scarcity and social hoo-ha, it's an interesting instrument to trade and a small project I started for fun that has just grown by itself. Thanks for the caution, but it's not something I am speculating in aggressively. Just some trading geek fun.
the last few days' action:
cryptocurrency everytime
- #158
- Nov 21, 2013 1:00pm Nov 21, 2013 1:00pm
- Joined Mar 2012 | Status: Gold anyone | 6,524 Posts
Wooooohooooo or Boooooohooooo
- #159
- Nov 21, 2013 1:33pm Nov 21, 2013 1:33pm
- Joined Jul 2011 | Status: good | 4,295 Posts
brother Venzen, nice thread....btw can I trade this on fxcm?
hiya gnomoneey,
i don't know... but read a few pages back, someone else asked about which brokers offer it and there were some posts.
What I do is to trade straight via a Bitcoin exchange called Mt.Gox (link in post #1) but other guys go via btc-e and other exchanges. It's quite an 8-bit experience because it's buy-only with the exchanges (no shorting) lucky it's not long between the peaks and troughs - and shorting is almost impractical because when Bitcoin does come down it's real quick (minutes)
cryptocurrency everytime
- #160
- Nov 21, 2013 1:55pm Nov 21, 2013 1:55pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} Rhodie, Good to see you here. I happened to get paid in Bitcoins for a some project work. I was just happy to help but the person insisted and paid me 0.25 Bitcoins. I thought it was funny and just kept them in my "wallet" until one day I read about an API for the Mt Gox Bitcoin Exchange - I checked it out and also found a custom trading platform for it. The whole lot integrated quite well with my existing charting and desktop tools so i transfered my Bitcoins to Mt Gox and let an algorhythm trade very conservatively for a few months. It...
.........One ounce of gold is roughly $ 1,200.00 in today's market, one bitcoin reach $ 1,100.00 in china a few days ago, almost the price of gold, that took many, many years to get there, bitcoin has reach that level in only a few years, and no body know about bitcoin yet, when the ATM's machines (http://www.mining.com/first-ever-bit...is-week-36595/ ......... https://robocoinkiosk.com/ ) start rolling and being installed in every dollar store in the continent, I think bitcoin will reach 1900 dollars, the highest price for gold paid in history, now if we don't want to own gold, neither bitcoin will suit our needs, but if you love gold like me, then bitcoin is a step closer, since you can own your bit coin mine for less than $ 100 000 dollars, I wonder if is there a gold mine for sale at that price, that bitcoin goes up and down, well this chart of gold show the same to me........but to each its own.....
The Chonchy