The Club!

Lara on Gold

http://www.safehaven.com/article/329...nt+Articles%29

Interesting, market (except SP500) did not react at all on Russia launching its Ballistic missile. When it happened on North Korean pairs have plumeted. Wierd how completly unrealistic market reactions are, reacting on country missile that cant even hit Japan, and on other hand a real working missile that can pretty much hit anyone whether they have missile shield or not.

Thanks for advise. I invested 2 BTC . ;-)

the Russian missile tests were scheduled/announced more than a month ago (before Ukrainian crisis), which is why the market reaction was muted

the North on the other hand...

Kim Jong is probably missing his BFF (Dennis Rodman)...

so he called for some fireworks in his honor!

Hi Janpec,


sorry for late response - was somewhat busy.

Thanks for information. Will check out a convenient way to buy some cryptos in the future. I do not trust the moves in Elliott Wave sense. Think, I will get them all much more cheaper soon. Maybe I am wrong and will miss the boat.

Key questions for me right now:

a) how many different Cryptos are now at market?

b) how do they differ? Especially in light of safetyness of transactions etc.....

c) how high is market capitalization of all Cryptos alltogether

d) they are backed by - you know - nothing, like fiat paper. How long will they get "allowances" of governments? (a question, nobody can answer)

When was the last time price reactions were broadly led by funnymentals?

Right now, at least for me, market participants in stock markets are in a state of denial, can not see the trees for the forest. This will all end very bad

Hi Miza,

welcome back, nasty girl. Where have you been?

Indeed, is one of the best summarises of EW I have ever seen......

lol....

Who got the long @ 1.3725/20 ?

A- About 300 i would say, 100 of them are "mainstream" and the rest is only on forums and its difficult to find exchangers for the rest. About 10 cryptocurrencies have big daily exchange between them, and the rest much lower.

B- Transaction safty is the same for every crypto, you need exchange to exchange them and that is where rules of safety come in play not for currency dirrectly.
Some exchange sites are fast, some are slow and some are scammers (1% of sites). It can all be avoided making any mistakes simly by typing into google name of exchange you want to do and looking for links on forums where users say if their exchanges were solid (customer review sort of). Anything you sell or buy try to have sell or buy order online as least time as possible becouse you can see that even the biggest crypto exchange can let you down as it was for case of MtGox. Doing local exchange is by far safest, someone in Germany will for sure want you to exchange BTC or some other cryptocurrency.
The coins mostly differ in other areas, such as hashing algorithm (speed of mining), bussines platforms that could be used with them (Ethereum for example), pre mined or not, how much coins is in circulation (you want limited supply with something around 10-50 mil coins otherwise its even worse than fiat).

C-I think something like 15 bil. Obviously at moment still too low for any global currency but local currencies are already there! For example aurora is strong enough in cap to imitate Icelandic currency, and Maza will get there too for US tribe. Its all matter of context.

D-not true. Crypto is not like fiat. Cryptos are for once backed by computer value, you need them stored on HDD, and if you want coin to succed you need big hashing power of milions graphic cards which is what is backing its value before its being used as medium of exchange. There is nothing backing fiat at all in terms of what is being worth as commodity. Right you cant answer goverments not ruling out coins, the smaller the goverment the better. Thats why Iceland is decent place to start becouse goverments are small and they do not use major currencies as EUR or USD. At moment there has been no goverment yet ruling it out, and i think its safe to count on China supporting it as long as they dont release their gold backed yuan which could be for while and at moment there is massive crypto buying power from China itself. And i think its safe to say that EUR zone countries are much less likely to ban any currency as oposite of USA at least for now and as long as cryptos are only a secondary option not anything replacing EUR. As for USA there are already being police raids reported on mining farmers (information from fellow miners that i mine with) so you can expect USA will (and has) be first to strike. I dont think this will be symbiosis, this is currency war and there will be and are already victims of it. But still coins make massive investment as long as you follow them right and you can still sell them way early before they get on hit target for goverments. Good coin investment predicted right from birth (+mining) can easily get you 1000% in week or two, which is nearly impossible as most investments of any other sort. And if you know a lot of people ready to follow you you can make your own coin too, which is usually 100k+ profits if you succed (about 5k expense for programmer).

As for MazaCoin i have been doing calculations based on tribe economy and possible circulation of coins and also possible push from investors and miners for next few months and price that Maza could reach is 1 buck per coin for exchange use. This is 15 fold increase in investment from now on and has been already 6 fold increased investment since i started proping it up on some other forums.

I will update for other coins that are possible big investment, at momment i am in talks with programmer for possible Slovenian coin i will update details as time goes.

EU volume profiles


spot the no-business-zones and the distribution zones

Euro.. look like you're correct Infy.

British Pound.. heavy supply was detected at yesterday close.

EU volume profiles

3733 to 3750 is fight zone

if bears lose this territory, 3790 to 3805 very likely

JPY Futures: update (from here)

General Custer's Last Stand (and we all know how that ended)

Soon to be defeated by Sitting Bull

H4 (continuous)

Bounce on Maza coming in next 2 days.

Funny enough i was just doing calculation today how much i could have potentially gained by now if i wouldnt be scamed on my first BTC purchase on December and i came to figures of half milion dollars. Really sad how destiny plays with you hehe.
Calculation based on purchase of Megacoin (december+350%), Mazacoin (february+1300%), Auroracoin(february +2500%). Investment start of 1 BTC.

Meanwhile today possible EU cut rate.

No rate cut. Eh. Well whoever was short could still make 50 pips on EA and EU. I wasnt quick enough to close so my BE SL got triggered.

finished it....


I think, we should say hello to 3800, maybe up to 3850 at least.