Bitcoin Trading Analysis, Discussion and Education
This subreddit is for the the discussion and technical analysis of the bitcoin market. It is #1 a place for people to learn how to analyze and interpret the bitcoin market and #2 a place for people to discuss the technical aspects of the bitcoin market. This sub will be HEAVILY moderated. This is not a sub for memes and any comments that do not contribute to a posted discussion will be deleted.
MtGox Currently Controls Bigger Bitcoin Market share than the Gold Reserves... #eth #altcoins #ico Mtgox… https://t.co/t2cVUWXZnx - Crypto Dynamic Info - Whales's
Posted at: February 11, 2019 at 08:51AM By: MtGox Currently Controls Bigger Bitcoin Market share than the Gold Reserves... #eth #altcoins #ico Mtgox… https://t.co/t2cVUWXZnx Automate your Trading via Crypto Bot : http://bit.ly/2GynF9t Join Telegram Channel for FREE Crypto Bot: Crypto Signal
I know you guys don't like TA but the RSI on the daily BTCUSD-chart is as low as August 2015 which was the last dip before the long bullrun began and the bear market of the MtGox crash ended. Just sayin' /r/Bitcoin
The system is collapsing. This shows the premium between paper PM prices in the west, and actual physical markets in Shanghai. Note the growing premiums. Arbitrage is pulling what physical metal is left in the west, to the east where prices are higher. (similar Bitcoin action before MtGox collapse)
Bitcoin price vs volume graph for 2011-2016 suggests: (1) MtGox/Willy made price overshoot in late 2013; (2) Blockstream is making price undershoot since late 2014. This is easy to test, by sticking with Satoshi's plan. Anyone who opposes this test is anti-science, anti-markets - and anti-investors!
Bitcoin price and volume have been tightly correlated for years;
Price vs volume (ie, the size of actual blocks) became uncorrelated on only two occasions:
MtGox/Willy (late 2013) - when the price overshot
Blocktream / Core's refusal to increase / remove the 1MB artificial limit on "max blocksize" (Blockstream launched in Nov. 2014) - when the price is now undershooting
If you look really close, you'll also be tempted to formulate a rough estimate that:
If the correlation in the graph had continued, we would be at around $40 billion market cap now - instead of merely $6 billion market cap.
So, if the correlation in this graph had continued (ie, if Blockstream / Core hadn't started attempting to artificially suppress the blocksize, since their launch in November 2014), then 1 BTC would equal over 2,000 USD now. You can shout "correlation isn't causation!!!" all you want. All I am saying is: let's test it out. Let's allow the actual blocksize to continue to increase like it has been doing for the past few years - un-impeded by any artficial blocksize limit. Let's follow Satoshi's plan (where the price increased with the volume) and not Core / Blockstream's plan (where the volume is rising and hitting an artificial limit, and the price has been stagnating). We can easily test hypothesis (2) in the title of the OP (the claim that "Core / Blockstream is suppressing the price by suppressing the blocksize"), by simply increasing (or removing) the temporary artificial blocksize limit, thus allowing the natural blocksize to continue to grow unrestrained - and observing whether price and volume continue to grow together. This is what Satoshi wanted. Since he was right about everything else, we should do what he wants now. Those who would deny us the chance to continue this experiment (Core / Blockchain) are anti-science, anti-markets - and anti-investors. Info on MtGox/Willy here: https://duckduckgo.com/?q=mtgox+willy Info on Satoshi's plan to increase / remove the temporary 1 MB "max blocksize" anti-spam kludge here:
"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." - Satoshi Nakomoto
A scientist or economist who sees Satoshi's experiment running for these 7 years, with price and volume gradually increasing in remarkably tight correlation, would say: "This looks interesting and successful. Let's keep it running longer, unchanged, as-is."
Bitcoin Markets being manipulated by MtGox and Syndicate.
Fact: MtGox exchange was inflated by 20%. It was hovering right around $950 per coin when everyone else was at $800. They allowed deposits, bitcoin transfers but not cash withdraws to bank accounts. So even if you sold your bitcoin for higher amount at MtGox, it was just an illusion. Your money was permanently stuck. The current scenario: MtGox exchange rate is artificially about $150 less per Bitcoin than what you can buy one for somewhere else. So now instead of not being to transfer you money to your bank, they're not letting you transfer your bitcoin elsewhre-your bitcoin is trapped. So the only solution is to sell your coins for the cheaper exchange rate. And guess who is waiting to buy your hugely undervalued coins so they can take them to another exchange and sell them for a nice profit? Seriously, the writing is so clear. MtGox artificially inflated their exchange and didn't allow people to benefit from it by halting bank withdraws, thus tying up their money indefinitely. I use the word halt because essentially that's what happened even though MtGox said it would be at least 4 weeks for bank wires because of banking challenges...those four weeks turned into many months...no one got their money unless you were in on their scheme. Now they've currently reversed the scenario. MtGox exchange is artificially deflated and they won't allow people to benefit from the lower bitcoin price. MtGox has now halted bitcoins transfers thus tying up people's bitcoin. And their banking problems in the midst of all their hacking and technical problems they are claiming to have suddenly disappear?? Adventurous banks they've got, wouldn't you say? They want you to sell your bitcoin-it's $150 under market value so they can have their insiders take it to another exchange and sell it for a profit. What do you do to divert attention away from yourself? Cause a commotion. The other exchanges are not suffering the same problems MtGox is claiming to suffer from. They are suffering from denial of service attacks and the timing couldn't be more convenient and perfect. Nice distraction away from MtGox. If you analyze the actions and timing of the events, you will discover things didn't just happen by coincidence but was all cleverly orchestrated. MtGox announcements about the technical flaws in bitcoin, halting bank withdraws until after they crash their and the other exchanges with their coin dump and their "technical bad news" announcements MtGox reversed its exchange from being overly inflated to being overly deflated and now suddenly allowing bank withdraws but not bitcoin transfers. Their banking problems miraculously disappearing and the denial of service attacks on the other exchanges didn't all just happen by coincidence. We're talking about a huge orchestration that only an exchange like MtGox or someone with vast resources with insider ties could accomplish this. They cleverly planned and continue to plan to manipulate the bictoin market. Perhaps a govt entity wanting to destroy the cyber currency. Maybe. I suspect MtGox is associated with organized crime or became one. Anybody want to chime in for a discussion? PS I wrote in detail of about MtGox's plan on ripping off their account holders and how they were going to crash the exchanges...its here on reddit under MtGox
I developed an iPhone app to show Bitcoin Market Data and easy access to trade with MtGox - Here's some free promo codes let me know what you think of it?
I wanted to make a pretty and nicely animated way to watch the BTC market on my iPhone so I made this app which has some nice animations (scrolling tickers etc). Let me know what you guys think, Here are some promo codes to get it for free, if anyone wants one and these have been used just PM me. 394L9HFKYT7X EHNJXF9NNYW6 TRWHXWFKM6XR EDIT: Can't believe I forgot here's the Link! https://itunes.apple.com/us/app/btc-tick/id663494369?mt=8 For more codes just leave a message and i'll PM you! Cheers, John
Mt. Gox, called "Mount Gox" or simply "Gox", was the most widely used bitcoin currency exchange market from shortly after its inception in 2010 to its insolvency late 2013. The market was closed February 25, 2014 and has since filed for bankruptcy protection in Japan and the United States, after losing 640 thousand bitcoins.. A registrant on Mt. Gox had at least two sub-accounts: one for ... This has contributed to many growing increasingly bullish about Bitcoin and the larger crypto-market. However, there may be a few short-term bearish catalysts to be mindful of in the month of October, a topic recently touched upon by Lark Davis in a video. The first prospective catalyst here is the Mt. Gox Rehabilitation plan that is scheduled to finally take place on 15 October. This event ... Bitcoincharts provides real-time USD price data of the Mt. Gox exchange including charts, orderbook and more. Mt. Gox, genannt "Mount Gox" oder einfach "Gox", war der am häufigsten verwendete Bitcoin-Devisenmarkt von kurz nach seiner Gründung im Jahr 2010 bis zu seiner Insolvenz Ende 2013.Der Markt wurde am 25. Februar 2014 geschlossen und hat Insolvenzschutz angemeldet in Japan und den Vereinigten Staaten nach dem Verlust von 640.000 Bitcoins. Mt. Gox, called "Mount Gox" or simply "Gox", was the most widely used bitcoin currency exchange market from shortly after its inception in 2010 to its insolvency late 2013. The market was closed February 25, 2014 and has since filed for bankruptcy protection in Japan and the United States, after losing 640 thousand bitcoins.
Mt. GOX To DUMP 150,000 BITCOIN. October 15th will be the decision day. Will this lead to a Market CRASH or BIG OPPORTUNITY? ALSO, 50% of Americans Retire i... Bitcoin Bullish? MT GOX selling more BTC? Bitcoin Technical analysis live. Crypto Money Life Community Discord Server: http://www.cryptomoney.life/to/discord... Clip taken from Digital Asset News Channel - ️ https://youtu.be/fdrWwnNpQOo GREAT NEWS! Mt. GOX To DUMP 150,000 BITCOIN. Market CRASH or BIG OPPORTUNITY? ... Thanks for Watching! If you enjoy our videos please like, share or subscribe. BITCOIN PRICE , BITCOIN FUTURE in doubt http://youtu.be/eO-yrpQpIT8 What is NAMECOIN BITCOIN'S First Fork http://youtu.be/oBkhPhu3_B4 Test Scanning Stainless...