Sunday, 9 March 2014

Andreas Antonopolous Says States Can't Stop Bitcoin

Check a preview of Andreas Antonopoulos at Texas Bitcoin Conference in March 2014, giving a very funny answer about the worry of gonvermental interference on Bitcoin mining.

Monday, 20 May 2013

I Think I Know Who Satoshi Is [Youtube Vlogger]

Vlogger tells us about his thoughts of who Satoshi Nakamoto is...

The speaker discribes Shinichi Mochizuki, a Japanese mathematician.

Chek out his Webpage from Research Institute for Mathematical Sciences (Kyoto University)

Friday, 26 April 2013

Bitcoin panic sell from $150 to $120, ddos attacks, and malicious trading bots!

Hello everyone,

Firstly I want to begin with the yesterday hack of, and as you can see in their update "A few hundred Bitcoins have been stolen" from their "hot wallet". Nevertheless announced "We will cover 100% of the theft." hacked update

The question is, did this had anything to do with the panic sell of BTC/USD at around $148 till $120? Did the hackers DDoSed both MtGox and BTC-e and other exchanges to cause panic to the traders and cause this hysteric sell-off? 

As you can see in the following picture, bots are trading back and forth in order to cause lag and panic. The amount of BTC in the screenshot starts from 0.0072 till it reaches 0.0059 due to fees. I saw this happening in front of my eyes and this continued until this trade reached 0 BTC. The lag was enormous and reached 2 minutes and 55 seconds, but unfortunately i don't have any screenshot of this.  

Reddit Post About This Trade

Furthermore from we had a weird behavior of the most well known chat in the history of bitcoin, the "trollbox", were thousands of traders meet to exchange knowledge on the theme of bitcoin, mostly causing panic in one another and usually loosing money from time after time. A small exception to this is that "trollbox" includes well known sophisticated traders that try in vain to calm people down. 

"Trollbox" got stuck and didn't autorefresh causing even more panic, trolling, hysteria and laugh. about stuck trollbox

To conclude with this blogpost, from my part I can say that I was expecting a normal correction of the price but unfortunately we had this panic selling due to the events above. Panic selling is bad for any market, but it seems BTC is recovering very quickly. You can read a good article from analyzing: H&S Pattern Dissolves, Expected Retest and Drop Realized


Thursday, 25 April 2013

PayPal's president, David Marcus, says that they're considering adding Bitcoin as a funding instrument!

David Marcus, president of EBay Inc.'s PayPal unit was on Bloomberg at 24 Apr 2013 where he said: 
And I think here, for us at PayPapl, it's just a question of whether Bitcoin will make its way to PayPal's funding instrument or not, and we're kind of thinking about it right now. 

President Of Paypal, David Marcus, On Bloomberg

Check out the following link to watch the video:

The implementation of Bitcoin into Paypal and Ebay will certainly boost the price of Bitcoin. 

After those news Bitcoin rallied up to $166 continuing its bullish uptrend. Its notorious volatility dropped it down again at about $141 and finally it trends around $156.

MtGox BTC/USD, M15,


Saturday, 20 April 2013

Bitcoin from 63$ to 120$

Bitcoin is finally in a mid-term up trend from 17th Apr 2013 and it is now trending at about 120$ forming a high at about 136$ @ Friday 19 Apr 2013.

I always feel good when a Friday uptrend happens in a stock or maybe a currency. That mostly means that people trust their money on that stock or on that currency during the Weekend and are not worried for a Black Monday.

I estimate that during the weekend BTC/USD will continue this steady 120$ behaviour until maybe Monday morning that it will continue its uptrend. 

MtGox USD, H1,

I found this Video, that is mostly sound, on Financial War Reports and I think it is good to post it here just for you to listen while you trade. I think it is really interesting and good to know.

Have a nice weekend :)