As for bitcoin:
This market is flat out fraud. $30 $41 spread between Finex and Bitstamp. Since we all know Bitfinex is an insolvent exchange that trades against it's own customers and also steals their money, I'm guessing that spread is also propped up by non-existent money just like Gox. Why are people willing to put up a $2 million buy wall on Bitfinex but no other exchange to try and prop up price? Because Bitfinex probably isn't even using real money, just imaginary exchange digits.
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
I've been saying BitFinex is the new Gox forever and here it is. There is no valid price of bitcoin as long as Bitfinex is the market maker.
The current chart looks like shit and is forming a down channel and you got fraudsters on Bitfinex trying to manipulate it up with imaginary money that probably doesn't exist:
I agree. I sold my BTC for USD.
I am also sold out of LTC.
I would also suggest hedging your silver and gold. Price is going to take a nose drive in May.
Move everything to USD and wait.
I never was much on Technical Analysis (never did any of the three guys I know who were into it make a good and verifiable prediction).
Excellent timing re selling LTC after the BIG MOVE you predicted, iamnotback.
Gold & Bearing Guy is going to hold his gold, BTC and US$ as I have no idea what's going to happen. But, now I have you two (r0ach and iamnotback) making clear and understandable predictions, so I'll keep my eyes out. I never made money on "trading" either, I did great though when I picked good assets and held.
If Armstrong is right about gold (down to $800, then to $2000+), well great. I have serenely held gold through bear markets before without anxiety.