Post
Topic
Board Speculation
Re: Bitcoin Price Analysis!
by
jeomses
on 26/01/2014, 21:54:02 UTC
Week 4 events.
- For many countries and banks still lacking regulations for BTC.
- More companies appear to accept payment in BTC.
- Great publicity about bitcoin in the world press.
- BTC remains in the same values! Lateralization!


Some thoughts:
- Markets relatively calm and waiting because:
  - (NYDFS) held, on 28th and 29th of January, a public hearing that may determine a way to regulate digital currencies.
  - Chinese New Year begins Jan. 31
  - Companies currently offering services must end services by the Chinese New Year, a weeklong holiday that begins on Jan. 31

- Bitcoin remains very manipulated. MtGox for example has been used to manipulate the market.
- Most bitcoins are, in fact, in the hands of a very few people.


My position:
- It's time to wait until the end of the week!
- But my position remains bear!


Chart:
http://s30.postimg.org/wguzm492p/s4_bitcoin.jpg