This is a place for new or unusual stocks to be discussed in more detail. If you suggest an unusual stock, it would be helpful to create a topic and post information here, so others can learn enough to trade on it too. /forum/list.php?21 Thu, 06 Apr 2017 15:58:31 +0000 Phorum 5.2.20 /forum/read.php?21,34148,34148#msg-34148 /forum/read.php?21,34148,34148#msg-34148
Bitcoin went below $300US at the beginning of the year . It had been dropping since a high of about $1000 in November 2003. It has been discovered that the sharp rise to that $1000 was due to manipulation in the biggest exchange at that time (MT GOX). So it was always going to come way down but nobody had any idea where the new "bottom' might be.

By July 2014 it was $600 and then it went steadily but evenly down to $313 by 1 jan 2015.

Then it went for a sudden dive and was for a brief time (hours) $177 on 14 January 2015.. It went back to over $200 shortly thereafter and every since has traded in the $200-$300 range.

The early adopters of bitcoin are big players in this. They got their bitcoins cheap (eg for a few cents or a few dollars) and much of the talk on bitcoin forums was the impact they and others were having it buying bitcoin at the $220 type level to stop it falling further.

It has recently gone up from this level (is now about $250) but there has not been anything special ( new news, changes to adoption levels etc) that would 'explain' the rise. But bitcoin is highly speculated so rises and falls come and go more often than many other commodities/currencies.

So what do you need to look out for in the next 6 months that could really affect the price ie make it go outside the bounds of $100-$500?

1. what happens in China - ( the Chinese are big speculators, big miners (ie creaters of bitcoin), run many of the biggest exchanges and have a government that intervenes directly on some issues)

2. when some one off events happen that may happen before 1 jan 2016 including being able to buy properly regulated shares in the US in the movement of bitcoin via the ETF by the Winklevoss twins ie people and especially pension funds can get exposure to bitcoin without the risk of actually owning it

Happy to answer any questions anyone may have.

Disclaimer; has stocks in bitcoin]]> whoknows Unusual Stock Discussion Fri, 18 Sep 2015 17:52:08 +0000 /forum/read.php?21,34147,34147#msg-34147 /forum/read.php?21,34147,34147#msg-34147
there has been to date ie 28 June 2015 no indication

when the review will be finished nor
when any changes might be in place nor
exactly whether or not the current camera situation will change

below is the latest reported info. it is not clear what "light handed "means but since the stock covers taxis not having to have cameras ie the stock closes at $1 from that outcome as well as uber having to install them then maybe its a sign???


[www.stuff.co.nz]

happy to answer any questions

disclaimer: I have no connection with NZTA but have stocks]]> whoknows Unusual Stock Discussion Sun, 28 Jun 2015 06:53:37 +0000