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Bitcoin technical analysis

  • #1,761
  • Jan 21, 2014 5:36am Jan 21, 2014 5:36am
Hello,

I don't think so, they don't have the right to use an exchange, it would be like the DEA seizing 1000 of oxycontin, they can't sell back to Purdue Pharma. Or to sell back the BMW of that drug dealer back to the garage.
Most exchanges ares not recognized on US soil, and aren't US company, BTC have to be put in public auction, in the same way a Picasso or a Rembrandt bought with drug money would be.
  • #1,762
  • Jan 21, 2014 5:50am Jan 21, 2014 5:50am
Quoting chonchy
{quote} How smart is that, you have to give it to them, they print money out of thin air, lend it to the government, charge back interest, low but they do charge interest on money that didn't cost them anything to this private bank of the you know who own it, and then with the money laundered they buy bonds to be worth something one day or have the government in check, lol it can be more clever me think.......in other words they own the government, don't they, give me control of one country's money and I will care less who make the laws, lol clever...

The only way to describe it is a "three card trick" or you know that guy on the corner with three paper cups turned over and a little black ball under which one? But the thing is they are swindling for higher stakes - because while they try to control the bond yields and keep that market happy, the equities start looking like they're gonna tank... and then they fight that fire only to discover that sucking up all the water now they've devalued the USD and the housing market needs oxygen. And so on... but in the end they are mistaken to believe they can keep it all under control forever... any expanding system eventually reaches a point where it self-corrects... this is not rocket-science... and brings us back to the point of slipping Cowries into a closed economy -> eventually the fraud will have consequences. They carry on and talk as if the economy is an open-ended system - but it's not: this is a planet with no external trade partners and no resources in space.
cryptocurrency everytime
  • #1,763
  • Jan 21, 2014 5:53am Jan 21, 2014 5:53am
Quoting lady_luck
Hello, I don't think so, they don't have the right to use an exchange, it would be like the DEA seizing 1000 of oxycontin, they can't sell back to Purdue Pharma. Or to sell back the BMW of that drug dealer back to the garage. Most exchanges ares not recognized on US soil, and aren't US company, BTC have to be put in public auction, in the same way a Picasso or a Rembrandt bought with drug money would be.

hi lady_luck,

thanks for clarifying. And you said all that before, but I didn't understand exactly. Now better! So you're saying it must be an auction. OK, then it is possible to track the auction via the Official Federal Auction site - so we're making progress in this investigation...
cryptocurrency everytime
  • #1,764
  • Jan 21, 2014 5:57am Jan 21, 2014 5:57am
Plus it takes way too long to get verified on Gox, they might want to sell them this year

(sorry couldn't resist the good old Gox joke )

And they can't sell on BTC-E, just for the nice Russian headlines you'd see in newspaper, "FBI sells BTC to mother Russia" , "Barack sending crypto-love to Vladimir "...
  • #1,765
  • Jan 21, 2014 5:57am Jan 21, 2014 5:57am
Quoting venzen
{quote} you say it like it is. the central banking dilemma is a major systemic problem, and i hope i live to see a solution. but as you know: sometimes when you want to extract a parasite it can threaten the life of the host.
based on that, wish is so true, why they let it become an important parasite, corrupt bastards in governments......all over the world not only here, the epidemic is world wide......there is no way out, they are too powerful now
The Chonchy
  • #1,766
  • Jan 21, 2014 5:58am Jan 21, 2014 5:58am
Quoting lady_luck
Plus it takes way too long to get verified on Gox, they might want to sell them this year (sorry couldn't resist the good old Gox joke )

cryptocurrency everytime
  • #1,767
  • Jan 21, 2014 6:01am Jan 21, 2014 6:01am
Quoting chonchy
{quote} based on that, wish is so true, why they let it become an important parasite, corrupt bastards in governments......all over the world not only here, the epidemic is world wide......there is no way out, they are too powerful now
nah, hermano, don't worry... nothing on this earth lasts forever and no-one stays in power forever - impossible!
cryptocurrency everytime
  • #1,768
  • Jan 21, 2014 6:02am Jan 21, 2014 6:02am
Quoting lady_luck
Plus it takes way too long to get verified on Gox, they might want to sell them this year (sorry couldn't resist the good old Gox joke )
well I need to buy two BTC's, can anyone sale it to me here, you lady_luck? PM me is you can or will, thanks in advance.....
The Chonchy
  • #1,769
  • Jan 21, 2014 6:04am Jan 21, 2014 6:04am
Quoting venzen
{quote} nah, hermano, don't worry... nothing on this earth lasts forever and no-one stays in power forever - impossible!
they have being doing a good job at it since a while, lol, 100 years of federal reserve now, and in the other 100 years of the union they had a few central banks privately own by the same people, so they are doing a good job making it last for ever, lol....
The Chonchy
  • #1,770
  • Jan 21, 2014 6:31am Jan 21, 2014 6:31am
Quoting chonchy
{quote} well I need to buy two BTC's, can anyone sale it to me here, you lady_luck? PM me is you can or will, thanks in advance.....
Hey,
I actually wouldn't mind, but since you are in the US, the only way I'd see it would be by Western Union, which immediately would sound like "Yes, I am Nigerian Queen, I have trillion of ZWD stuck on Gox, send me dollar I give you BeadTC".
So we'd have to set up escrow and all...

You might want to look at localbitcoins.com, I'm sure you'd find an easier solution, they have plenty of option.
  • #1,771
  • Jan 21, 2014 6:47am Jan 21, 2014 6:47am
oh, of course... Moon phases... now why didn't i think of that before... ?

simple enough: buy at New Moon, sell at Full .... Ahoooooo!

http://ubuntuone.com/1X7lugMs48tEtG4lQPkNGU
cryptocurrency everytime
  • #1,772
  • Jan 21, 2014 6:51am Jan 21, 2014 6:51am
Quoting lady_luck
{quote} Hey, I actually wouldn't mind, but since you are in the US, the only way I'd see it would be by Western Union, which immediately would sound like "Yes, I am Nigerian Queen, I have trillion of ZWD stuck on Gox, send me dollar I give you BeadTC". So we'd have to set up escrow and all... You might want to look at localbitcoins.com, I'm sure you'd find an easier solution, they have plenty of option.

BeadTC !

I was going to suggest localbitcoins.com too - easiest for NYC - but I thought you guys should come to that conclusion first.

BeadTC!
cryptocurrency everytime
  • #1,773
  • Jan 21, 2014 6:55am Jan 21, 2014 6:55am
Hi Venzen and All,

I just heard that Finland has taken a position (not a trade position) with BITcoins to treat them as a "commodity" in which case they can be taxed.

It will be interesting to see how many other nations will do the same.


XT-
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #1,774
  • Jan 21, 2014 6:58am Jan 21, 2014 6:58am
After almost 5 years of trading I have repeatedly learnt that when my working chart starts to look like this, then something is about to happen (and usually in the opposite direction I am so desperately trying to confirm on the overcrowded chart!).

Attached Image (click to enlarge)
Click to Enlarge Name: Gold_Selection_21Jan14_19:55.png Size: 303 KB
cryptocurrency everytime
  • #1,775
  • Jan 21, 2014 7:09am Jan 21, 2014 7:09am
Quoting venzen
After almost 5 years of trading I have repeatedly learnt that when my working chart starts to look like this, then something is about to happen (and usually in the opposite direction I am so desperately trying to confirm on the overcrowded chart!). {image}
Money Makes Money
  • #1,776
  • Edited 7:22am Jan 21, 2014 7:12am | Edited 7:22am
Yes, I know what you mean, I have a bit of problem about this 980.59 on gox, I was looking at 978 and then down, but the way it's ranging in the 960 could be like consolidation before an other wave up to the 1000+.

Last time I was suspecting 864 (btc-e/stamp) to be a strong resistance and it wasn't, and I'm tempted to say the say the same, again, but...

PS: yes, little bead of a reference to your article Nice pics you posted earlier, funny thing I've heard is that apparently those beads had value because tribes gave a great importance to esthetics, kinda like the famous tulips. Strange how human criteria for beauty/rarity/difficulty rises value of intrinsically useless thing...
Shiny, shiny casacius
  • #1,777
  • Jan 21, 2014 7:15am Jan 21, 2014 7:15am
Quoting XTrade
Hi Venzen and All, I just heard that Finland has taken a position (not a trade position) with BITcoins to treat them as a "commodity" in which case they can be taxed. It will be interesting to see how many other nations will do the same. XT-

Hiya XT!

Welcome, welcome... yes, Finland do not recognize BTC as a currency. So calling it a commodity is somewhat following the lead of HMRC (UK tax) who want to make money by charging VAT on each BTC exchange! But a public outcry is forcing them to possibly reverse position (not a trade position ) on that.

I believe Finland's decision is influenced by the fact that they have a few high powered mining compounds in the country already (low temperatures reduce cooling expenses) and they also have quite a few software companies who (about a year ago) started offering their employees the option of being paid salaries in Tulips, I mean Bitcoins. Additionally, Finland recently got it's first Bitcoin ATM installed in a branch of a music store chain that accepts payment in Bitcoin. So maybe it's all getting a bit much for the Finnish Government who does not want to become the Amsterdam of Bitcoin

Neighbour Denmark (trust those libertarian nudist Danes) has already declared they're fine with it, it's money, 100% sure. And Korea yesterday decided to allow Bitcoin and Bitcoin exchanges and today placed its first ATM order. Hong Kong says it's OK with them and significantly, Singapore has given Bitcoin the OK and released a full tax code for cryptocurrencies(in general) and is encouraging businesses to use and innovate with cryptocurrency.

As our resident Good Luck charm, lady_luck, pointed out: the fact that the FBI has been authorized by a judge at the US Marshall's Office to auction 29,000 Bitcoins seized from Silk Road, means it is as good as stamped "Recognized Currency and/or Asset" in the US.

I don't think now it's a case of questioning the legitimacy of Bitcoin anymore, it's more like it's a government race to take advantage of the cryptocurrency phenomenon without upsetting their existing banking system bosses...
cryptocurrency everytime
  • #1,778
  • Jan 21, 2014 7:16am Jan 21, 2014 7:16am
Boring PA today
Attached Image
Money Makes Money
  • #1,779
  • Jan 21, 2014 7:23am Jan 21, 2014 7:23am
Quoting KiwiOz
Boring PA today {image}

Indeed, that's been one of the worst I've seen actually... mind-numbing... ugghhh!

But hey! I did discover that Fullmoon is bonanza time
cryptocurrency everytime
  • #1,780
  • Jan 21, 2014 7:26am Jan 21, 2014 7:26am
Quoting chonchy
and people think all is good, like my friend thexit here think it is, but oh no, we are far from good, we are a nation bankrupted, destroy and there is no stopping until they take all the juice from this orange and let ........our children sleeping on the streets.....
I agree with you on what you are saying about the oranges and stuff but please on earth do not suggest my view on the QE programme. I'm far from thinking everything's good, that's why I quoted Venzen's metaphor, to point to the fact that after all, shells are being dug out of the ground, money is being printed, and Venzen’s got a good point about the business cycles, the “circularity hidden in there”.

Chonchy, you are very true saying (especially the “Rothschild's the Bilderberg's and the Rockefellers” bit) :

Quoting chonchy
the government print money out of thin air and almost give it to the banks at almost no interest......so the rich get richer and the poor is getting poorer.....there is no middle class anymore is only rich and poor, and the rich are very few and the poor is getting big........also the central bank is not own by the feds, they just operate it, but the owners are the Rothschild's the Bilderberg's and the Rockefellers, Ben is just a puppet at their service, and the funny thing is that our tax dollars guard them with the secret service as if the bank...
From my perspective, it was like that:
1. first create a global housing market bubble- and earn on growing property prices
2. pop the bubble, let people go bankrupt, and ask the politicians to pay their citizens’ debts- and earn again
3. in the resulting financial crisis, the banks buy high yield bonds of countries such as Greece, Portugal, Ireland, Spain- and earn again (and the governments have to pump tons of taxpayers money)
4. the banker’s plan was to keep this process for such a long time so the banks would earn enough, finally allowing the countries to go bankrupt
5. had the countries gone bankrupt, the bankers would be able to buy local banks, companies and property dirt cheap

Point 4 and 5 did not happen (yet), cause ECB is doing what they can not to allow bankruptcies in Eurozone, mainly by restructurizing the debts of such countries as Greece . So what can the bankers do now?

Those are not conspiracy theories, those are facts, and more and more of such negative bankers' behaviours are being revealed. But let's not get too pessimistic Good trading to you all.
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