{quote} chonchy, Thanks for the update, so it confirms what KO sees and I see too. Good luck with the renovations and make sure the tulips aren't exposed to any of that leaking gas - they might crash
The Chonchy
- #1,821
- Jan 22, 2014 5:52am Jan 22, 2014 5:52am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
- #1,822
- Jan 22, 2014 6:02am Jan 22, 2014 6:02am
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} Hello, Makes me think, what do you think of 4xForecaster analysis on trading view ? EDIT : last week or so I got almost the same fork as on your chart, interesting Hopefully Chonchy you'll find something that works for you, just as a rule of thumb don't do any paypalInfinitus, Kiwioz, may I ask (just curiosity) if your counts toward -respectively- sub100 and 600+ still appears as clear as last week ?
cryptocurrency everytime
- #1,823
- Jan 22, 2014 6:06am Jan 22, 2014 6:06am
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote}
lol, i'm joking and mean to say: careful the leaking gas and don't let the gas harm your yellow tulips
cryptocurrency everytime
- #1,824
- Jan 22, 2014 6:41am Jan 22, 2014 6:41am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
{quote} Hello, Makes me think, what do you think of 4xForecaster analysis on trading view ? EDIT : last week or so I got almost the same fork as on your chart, interesting Hopefully Chonchy you'll find something that works for you, just as a rule of thumb don't do any paypal
Money Makes Money
- #1,825
- Edited 7:10am Jan 22, 2014 6:48am | Edited 7:10am
Interesting PA on LTC :
LTC/BTC overlay with LTC/USD
Clear down move.
If BTC/USD follows then LTC/BTC and LTC/USD would be heading even lower, respectively to the red fib and yellow fib.
That last scenario would work out very well with the 560 you mentioned Kiwioz
LTC/BTC overlay with LTC/USD
Clear down move.
If BTC/USD follows then LTC/BTC and LTC/USD would be heading even lower, respectively to the red fib and yellow fib.
That last scenario would work out very well with the 560 you mentioned Kiwioz
- #1,826
- Jan 22, 2014 7:54am Jan 22, 2014 7:54am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #1,827
- Jan 22, 2014 10:31am Jan 22, 2014 10:31am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote}
The Chonchy
- #1,828
- Jan 22, 2014 9:30pm Jan 22, 2014 9:30pm
- Joined Jul 2011 | Status: good | 4,295 Posts
{quote} .......Magenta line remember...... {image}
chonchy, i still have this as a triangle completing. So chances are on the last leg it will overshoot the lower TL (magenta on your chart)... don't shock
cryptocurrency everytime
- #1,829
- Jan 22, 2014 10:48pm Jan 22, 2014 10:48pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} chonchy, i still have this as a triangle completing. So chances are on the last leg it will overshoot the lower TL (magenta on your chart)... don't shock
Here we go again to the lower trend line of your triangle venzen hope all you out there are fine, me? dead tire, to old for this construction work, lol.....
The Chonchy
- #1,830
- Jan 22, 2014 10:55pm Jan 22, 2014 10:55pm
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} lol, i'm joking and mean to say: careful the leaking gas and don't let the gas harm your yellow tulips
The Chonchy
- #1,831
- Jan 22, 2014 11:03pm Jan 22, 2014 11:03pm
- Joined Aug 2009 | Status: Patience = Simplest of all skills | 7,152 Posts
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
- #1,832
- Edited 1:23am Jan 23, 2014 12:58am | Edited 1:23am
- Joined Jul 2011 | Status: good | 4,295 Posts
This is awesome and fascinating at the same and geekspeak! Too! But it certainly answers the question which was originally in simple terms "how is 1 BTC mined?" It evolved once, to -> WHAT sequence of Events has to take place for 1 BTC to be Mined, appear, made? Cause all it is is digits. A geek might argue something like this right? " Well have you ever considered the size of all the Computers linked that "dropped a node"!!! Or data is a for of the atom that exists! IDK just having fun now. SO - HOW the f--- did you find all this out? In such detail?...
XT,
glad it helped!
You know, I don't know why you guys couldn't easily get to the following "Bitcoin Official website" which explained mining to me a year ago:
https://en.bitcoin.it/wiki/Mining
Maybe folks in the West have some other messed-up Google giving you lame answers over there!
On the matter of it being digital - well yes - but so is this entire forum, all our trading and our bank accounts! Music, TV, kindle Books, phone conversations... it's all digital but no less valuable. The thing that sets Bitcoin apart from being just another digital object (like an image on the web or an email - which can be copied) is that the developers figured out a simple but clever mechanism whereby each Bitcoin (or part thereof) is unique and cannot be copied. And additionally, that the supply has been locked down to a limited number for all eternity - after our generation and the next and the next have all passed away, the same Bitcoins will still exist - kind of like eternal trade-beads.
In my explanation of mining, I mentioned the fact that for this entire Bitcoin payment and maintenance network to exist, there needn't be a bank or an exchange in the payment chain at any point. If someone has Bitcoin and someone is selling goods or services in exchange for Bitcoin, then they can transact directly without any third party - no fees, no wait, nobody else's business... So as things stand, Amazon are planning on accepting Bitcoin, Overstock.com (household goods, office eqpt, IT eqpt, consumer goods) already accept it, Walmart are making noises about accepting Bitcoin... Why? Because they see value in the fact that they do not have to wait for a thrird party payment processor (bank, Paypal, etc) to first touch (or hold onto) the payment, they see profit margin value in not paying a % fee to Visa/Mastercard/Paypal, and so on. So the value proposition of Bitcoin is strong and it will naturally reflect in the chart as adoption grows.
We're talking about game-changing innovation. What is funny about it all is that the banks and central banks haven't got a clue what's going on. If we look at the mainstream news they talk about BTC as an oddity that might or might not work and it's good for filler articles. And the old-guard economists puff up and talk like they know exactly what this new-fangled digital funny-money is all about and where it's heading - only they don't have a clue what's coming or what Bitcoin means for the world of payments and banking. I mean for a start Visa and Mastercard and Paypal are irretrievably fcuked - but you don't hear Schiff or Krugmann talk about that - because they don't see it! It can be said that Bitcoin is not ONE thing with ONE role - it has an adaptive value (store of wealth, currency, commodity, contracts escrow security, etc) and it can happily co-exist with fiat and Gold and even other digital currencies. It's a valuable option in many contexts and not an imposition on anyone.
XT, if you haven't bought some BTC yet, now is the time IMO. After the correction down completes these price levels (sub$1000) won't be seen again. KiwiOz sees it potentially going to the $500s but I think this has all been basebuilding above 800/900 and we're days away from the start of an advance beyond $1000.
Don't be scarce around here, we enjoy company
cryptocurrency everytime
- #1,833
- Jan 23, 2014 7:12am Jan 23, 2014 7:12am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} chonchy, i still have this as a triangle completing. So chances are on the last leg it will overshoot the lower TL (magenta on your chart)... don't shock
....And in deed got to my magenta line, and in deed overshoot that trend line like you say (venzen) and indeed we went down like KiwiOz said, so thanks to all for those shorts I had......
The Chonchy
- #1,834
- Jan 23, 2014 7:30am Jan 23, 2014 7:30am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
{quote} Good morning folks and Geeks.....
The Chonchy
- #1,835
- Jan 23, 2014 7:37am Jan 23, 2014 7:37am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
......My daily is saying that we should see a bounce here at the choco ema 30, then retest and maybe cross, too early to tell.....
The Chonchy
- #1,836
- Jan 23, 2014 7:41am Jan 23, 2014 7:41am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #1,837
- Jan 23, 2014 7:46am Jan 23, 2014 7:46am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
The Chonchy
- #1,838
- Jan 23, 2014 8:12am Jan 23, 2014 8:12am
- Joined Jul 2011 | Status: good | 4,295 Posts
cryptocurrency everytime
- #1,839
- Jan 23, 2014 8:16am Jan 23, 2014 8:16am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
......BTC having an inverse correlation to euro/usd , weird......uhm, who is doing this big moves in deed.....
3 candles up on e/u and 3 candles down on BTC......
even on the small TF's....
3 candles up on e/u and 3 candles down on BTC......
even on the small TF's....
The Chonchy
- #1,840
- Jan 23, 2014 8:20am Jan 23, 2014 8:20am
- Joined Aug 2007 | Status: The Bitcoiner | 20,231 Posts
.....What an interesting place they has chosen to turn here on euro/usd ah, 3666.....coincidence, nahhhhh......
The Chonchy