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Bitcoin technical analysis

  • #501
  • Dec 10, 2013 6:16am Dec 10, 2013 6:16am
http://www.scutify.com/forex.html?ticker=BTC is a place where you can chat live about bitcoin
  • #502
  • Dec 10, 2013 7:56am Dec 10, 2013 7:56am
Bitcoin may threaten Kazakhstan's financial stability: Dalenov
http://en.tengrinews.kz/finance/Bitc...Dalenov-24586/

first few paragraphs of the article:

Bitcoin currency may be a threat to the financial system of Kazakhstan, Vice-Minister of Finance of Kazakhstan Ruslan Dalenov said in an interview to Tengrinews.

Bitcoin is digital money that use peer-to-peer technology to operate with no central authority or banks. It is not controlled by any official authorities, completely anonymous and can exchanged to conventional payment means.

The Vice-Minister believes the threat comes from the fact that Kazakhstan is part of the global financial system. "People transfer this digital money to each other by just clicking a button -- without having to use any bank services or pay remunerations for the transactions. The transfers are instant and almost completely free of charge. Imagine large corporations switching to cheap digital transactions, this would leave the bankers seeking another job," the Vice-Minister said.

-----

oh dear, poor Kazakhstani bankers! what a shame!
cryptocurrency everytime
  • #503
  • Dec 10, 2013 8:25am Dec 10, 2013 8:25am
Quoting nahman
http://www.scutify.com/forex.html?ticker=BTC is a place where you can chat live about bitcoin

........We also chat live here nahman, I mean I'm very alive.......look at me.......

Attached Image
The Chonchy
  • #504
  • Dec 10, 2013 8:28am Dec 10, 2013 8:28am
Quoting venzen
Bitcoin may threaten Kazakhstan's financial stability: Dalenov http://en.tengrinews.kz/finance/Bitc...Dalenov-24586/ first few paragraphs of the article: Bitcoin currency may be a threat to the financial system of Kazakhstan, Vice-Minister of Finance of Kazakhstan Ruslan Dalenov said in an interview to Tengrinews. Bitcoin is digital money that use peer-to-peer technology to operate with no central authority or banks. It is not controlled by any official authorities,...
........Yes, and that is the idea to put the banks in a boat to where ever they came from, oh well no more banks no more feds, no more taxes, no more confiscation and devaluation of your hard earn possessions, what a dream come true, thanks Satoichi..........
The Chonchy
  • #505
  • Dec 10, 2013 8:34am Dec 10, 2013 8:34am
.......Come on, come on, lets go up....... to the moon, to see chonchy up there, lol........

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The Chonchy
  • #506
  • Dec 10, 2013 8:39am Dec 10, 2013 8:39am
PayPal president David Marcus: Bitcoin is good
Marcus said on Tueday:
"I really like Bitcoin. I own bitcoins," Marcus said at the LeWeb conference [in Paris]. However, he believes people don't correctly understand what bitcoins actually are today, and he's [not] yet ready to let people link their bitcoin wallets with their PayPal accounts.
Quote
People are confused. They think because it's called cryptocurrency it's a currency. I don't think it is a currency. It's a store of value, a distributed ledger. It's a great place to put assets, especially in places like Argentina with 40 percent inflation, where $1 today is worth 60 cents in a year, and a government's currency does not hold value. It's also a good investment vehicle if you have an appetite for risk. But it won't be a currency until volatility slows down. Whenever the regulatory framework is clearer, and the volatility comes down, then we'll consider it.
cryptocurrency everytime
  • #507
  • Dec 10, 2013 8:44am Dec 10, 2013 8:44am
I'm a little late into the bitcoins but have been trading these and been buying other crypto currencies for investment just to see where they may go
  • #508
  • Dec 10, 2013 8:46am Dec 10, 2013 8:46am
Quoting chonchy
.......Come on, come on, lets go up....... to the moon, to see chonchy up there, lol........ {image}

Hi chonchy!

Thanks for the charts. I've been keeping an eye on them inbetween tasks.

What's your forecast - over $1000 soon or consolidate below?

I notice it's Bitcoin fever with the general pouplation now. So that would imply advance. Perhaps people are being cautious while it's under $1000 or perhaps there is still some uncertainty over regulatory prospects and people are taking profit? I'm always in with half my allocated Bitcoin holdings: half in coins, half in cash, so i'd like to see the price come down nearer $500 to load up on a few more coins!
cryptocurrency everytime
  • #509
  • Dec 10, 2013 8:54am Dec 10, 2013 8:54am
Quoting Tom_d
I'm a little late into the bitcoins but have been trading these and been buying other crypto currencies for investment just to see where they may go
better late than sorry Tom_d, I bought late too but thanks to venzen that pushed me, and I got in, started trading and have make a profit already, so get in with little but get in, and put your feet's in the water, lol, come on everybody let sing alone..........
The Chonchy
  • #510
  • Dec 10, 2013 8:56am Dec 10, 2013 8:56am
Quoting Tom_d
I'm a little late into the bitcoins but have been trading these and been buying other crypto currencies for investment just to see where they may go

hi Tom_d,

It's not too late because there is still a lot of water has to flow into the sea with the crypto-currencies. Eventually they will replace fiat - it might nor be Bitcoin - but public-ledger, decentralised encrypted currency is clearly the future. So buying into a fewof them during these early days is a good idea in principle and a high risk investment if you over-size your relative holdings.

I say early days because the mainstream are yet to pile in as a herd. Any purchase around current levels will no doubt see you in profit down the line, But I would look to buy in at lower levels if PA will go there. Thing is - it's difficult to guage what PA will do next due to the massive ranges this instrument can cover in hours! A lot of people say Bitcoin is 'volatile' but i don't think so. The EurUsd is volatile, Gold and SIlver are volatile - sudden moves that spike in a direction and then reverse. Bitcoin doesn't do this - it moves large, but always in regular waves that trend with good respect for technicals.

The clue to understanding it is sentiment IMO: People fear regulation, but hope for the moon. SO keep an eye out for news in the regulatory space.

Good Luck and Welcome.
cryptocurrency everytime
  • #511
  • Dec 10, 2013 9:02am Dec 10, 2013 9:02am
Quoting venzen
{quote} Hi chonchy! Thanks for the charts. I've been keeping an eye on them inbetween tasks. What's your forecast - over $1000 soon or consolidate below? I notice it's Bitcoin fever with the general pouplation now. So that would imply advance. Perhaps people are being cautious while it's under $1000 or perhaps there is still some uncertainty over regulatory prospects and people are taking profit? I'm always in with half my allocated Bitcoin holdings: half in coins, half in cash, so i'd like to see the price come down nearer $500 to load up on a...
technically the up trend is intact venzen I think on this weekly so is a Mather of holding his ground and not letting the bears take it down lower than the blue ema5, if that happens then a new low will have to print under the last low of 551, but I think is no obstacles to the 100 fibo retrace and then the stent ions for a perfect a,b,c pattern on the weekly........

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The Chonchy
  • #512
  • Dec 10, 2013 9:05am Dec 10, 2013 9:05am
.........Daily broke the 61,8 wide open let see if it close over it, then a shot to the double top is imminent with its bumps and jumps, the indecision that you mention is what is causing the range side ways once it reach the double top and cross a bit then everybody will jump in for sure, because they think the train is leaving....

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The Chonchy
  • #513
  • Dec 10, 2013 9:10am Dec 10, 2013 9:10am
.....4Hours show the range but there is the lower low of dec 6 that that is why I say that if it goes down and cross that 551 then is a concern.....it all depends on this up if it reach the 100% fibo and decide to cross or not, so I will go long here on a retest of the 61.8 fibo with a stop under the 61.8 targeting what ever it give half the position and let the rest run to see if it goes to the spansions or extensions of the fibo's.......over the 100% fibo......

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The Chonchy
  • #514
  • Dec 10, 2013 9:12am Dec 10, 2013 9:12am
.......Now you tell me what Ellioticians are thinking about it......... this instrument is perfect for technical analysis venzen, don't let anybody tell you different.....just focus discipline and a little bit of BTC's........
The Chonchy
  • #515
  • Dec 10, 2013 9:20am Dec 10, 2013 9:20am
Quoting venzen
{quote} hi Tom_d, It's not too late because there is still a lot of water has to flow into the sea with the crypto-currencies. Eventually they will replace fiat - it might nor be Bitcoin - but public-ledger, decentralised encrypted currency is clearly the future. So buying into a fewof them during these early days is a good idea in principle and a high risk investment if you over-size your relative holdings. I say early days because the mainstream are yet to pile in as a herd. Any purchase around current levels will no doubt see you in profit down...
........If is out there any other crypto currency that emulates BTC like gold in limited quantities at the time of mining, then that currency may have a shot, but if is unlimited like dollars, it will fail, people are starting to wake up, slavery lasted for century's but it stop one day, now they need to stop banksters slavery.....I think BTC is the one to watch, is limited, is safe, is got a lot of good people in it, so it may be sacred like gold, who knows, at least it reach his value in a few years, dollars will never be one dollar for an ounce of gold, or will it?
The Chonchy
  • #516
  • Dec 10, 2013 9:27am Dec 10, 2013 9:27am
.......The one two tree is there so 4 should be the 100% fibo......let see if no news screw it up......remember the movie wall street anaconda calling blue still, manipulation insider trading, HFT (high frequency trading) all that have an impact in all this moves...........but the pattern is there......that it will go true or not, that is why there is stop and high provability trades for and money management, and stop at +1 as soon as it advance into profits, don't let good profits go to negative......

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The Chonchy
  • #517
  • Dec 10, 2013 9:34am Dec 10, 2013 9:34am
Can anyone tell me where the best and safest place to trade crypto currencies is?
  • #518
  • Dec 10, 2013 12:24pm Dec 10, 2013 12:24pm
Quoting Trying2Lose
Can anyone tell me where the best and safest place to trade crypto currencies is?
.......for me BTC-e......, thank you for your donations.......... just kidding.....
The Chonchy
  • #519
  • Dec 10, 2013 12:26pm Dec 10, 2013 12:26pm
when you see the RSI on the red line, get out, and when you see it at the lower white line or 30 get in, buy low, sale high, that is all, simple, lol......

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The Chonchy
  • #520
  • Dec 10, 2013 12:37pm Dec 10, 2013 12:37pm
Korea Regulators reject Bitcoin as a legitimate currency
http://thenextweb.com/asia/2013/12/1...mate-currency/

just released... let's see what effect it has (and when).
cryptocurrency everytime
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