If you look at all the hype about ripples in articles such as this one, http://www.businessweek.com/articles/2013-04-11/introducing-ripple-a-bitcoin-copycat you might come away with the impression that ripples is just like bitcoin only better! A company called ‘OpenCoin’ has had an idea of how to allow ANY currency to be transferred through the internet. You name it, anything […]
I’ve been sitting on the fence for a while now waiting for a new trend to emerge and now I think I’ve found one which I’ve depicted here on this one month log chart. On the basis of this chart we are looking at quite a clear rising trend line now. We’ve had a recent […]
Been a little while since my last entry so thought I’d take another look at the bitcoin charts. Heres a 2 month log chart showing the familiar picture with the all time high and the action since the fall in price .. The trend line I was looking for support at held for a […]
The US government department of homeland security has cut off US dollars being deposited in MtGox via the payment mechanism Dwolla. So far Mt Gox is still operating and other methods of depositing funds are still available. Presumably these actions are for our own good, to protect us from terrorism and non-debt based money and […]
I haven’t felt much need to update the chart for a while as we continue consolidating the price around this level. However I’ve just been looking on this 3 month log chart and drawn in this possible line of support. It will be interesting to see what happens when the price hits this line […]
This is a 3 month log chart showing the same closing wedge I looked at recently. As before the green line shows a long term trend line at the top of a channel I’ve been watching since bitcoins were under $50. Red line shows the downtrend I’ve been looking at for the last week […]
Thought this was a briliant idea! Saw it last night and still chuckling about it now. The guy that does this plays it completely deadpan. “Its high denomination so it stores more value” “I’ve got 10 quintillion reasons why I’m right!” Classic!