Do you think we are still in a bull stock market?

I dont know, that's why I asked you. I've been putting off the homework on this. I think we will see maybe a small gain like 10% this year but I am not sure..

Cool, thanks for the response. I feel like I am spending too little time thinking about my investments. I buy stocks without looking at things like P/E ratio, lol.

What is happening is that BTCChina has recently instituted a reward for market-making (google market-maker). This means that a whale can set huge buy and sell orders very close to each other and make money off of others buying and selling into them. This happens on Wall Street all the time, and now Bobby Lee has actually incentivized it. It's a genius move in my opinion, it reduces volatility and increases liquidity.

Now a bot that hasn't taken this recently-added incentive into account is buying and selling into the market-making bots' orders. I am not surprised they found a bot to exploit, BTCChina has been dead for a while. It's probably running off a formula based on volume and its own volume is tricking it into buying and selling. The bot is slowly losing a lot of money though, when the owner wakes up in the morning he will be pissed lol.

The only explanation that makes sense: the Gox sellers are accounts which were used to fraudulently withdraw BTC using malleability attacks, and they know those balances will be invalid once Gox gets its shit together. So may as well maximize the panic to potentially buy cheap coins on other exchanges.

Did I nail it or what?

Well what they can do is just confiscate the fiat from the accounts and use it to buy up the missing bitcoins, in the end this works as it is zero-sum.

I use TA. I believe in it. Only as a small factor in my trading decisions however, maybe 10%. The thing about TA is that it is always right in retrospect. It is just hard to use to predict things. I find that using TA over multiple orders of timeframes (say, 2 days, 2 hours, and 15 minutes) can help if they all agree with each other. I think traders are foolish to completely ignore TA.

The thing about TA is that it is the only holistic account of the market. News and sentiment provide one angle, but they are not "complete" (I don't know how else to describe it, English is my second language.) TA draws on aggregate supply and demand which is a "complete" statement of the market. The price is ALWAYS correct. You feel me? I always hear people trying to guess when the whales that "pumped yesterday" are going to dump, honestly trading on assumptions like these will put you at a disadvantage IMO. A price rise could be caused by many things: a single whale getting in short term (which is what people ALWAYS attribute price rises to), but also whales getting in mid-to-long term (and why not squeeze shorts and create a pump while they're at it?), institutional buying, druglords who simply want to transfer their fiat into bitcoin, Chinese government officials who will never cash out (doing so would leave traces of bribery), etc etc etc. Same goes for dumps. The point is we will never know the motivations behind rise and fall. We can only look at the charts.

Lol at all the talk about paying taxes. One word boys and girls: Anarcho-capitalism (serious).





Anarcho-capitalism is one of two logical end-states, with the other being national socialism. Both are completely non-contradictory given their premises (freedom vs. control/safety). I personally don't agree with nat-soc but will acknowledge that it logically follows given its starting assumption.

Ancap seeks to socially apply many of the already-developed principles of economics. The premise of ancap is the non-aggression principle, thus it recognizes the inherent illegitimacy of all government. The problem most people have with ancap is that it necessitates suffering of the weak. If the US were to suddenly go ancap there would be a long period of the weak dying off, a "purge" if you will.... but what people don't understand is that the resulting society would be almost utopic.

I don't believe humanity will see ancap for hundreds of years - it is so far ahead of today's times that no doubt the vast majority of you reading this post will dismiss it. However, as long as we are below the technological Singularity and scarcity exists, ancap is the logical end state. We'll get there... even if it takes centuries of mistakes and rebuilding and mistakes and rebuilding.

The interesting thing about Bitcoin is that it is one of the first true ancap technologies. It makes sense, though - everything follows money and it's only logical that money should be the first to change.

Once ancap becomes firmly established this will not be a problem, others will band together to defeat the "violent gang," if this "violent gang" happens to win it will simply be peaks and troughs of centralization vs decentralization settling on a long-term mean. Also, ancap doesn't require that every single person who owns land/property defend it himself, there will be large communities (perhaps even states) of trust where everybody acknowledges that it is to the betterment of the community to work together.

Ancap isn't feasible now mainly because the technology is hardly there to support it. Freedom of information, a transparent money trail, and the abolition of privacy (yes... I said it... too many libertarians clinging onto privacy, well the notion of social privacy is obsolete now, it is simply another element of human living that will be destroyed by civilization) must all be present for ancap to truly exist.

Bitcoin defender! I think it's great that someone took the time to make an argument on this site, even though the community is so small.

http://www.youargue.com/topic/191I0