Wednesday, January 29, 2014

Bitcoin: Price Factors



This is a graph of transits against the Bitcoin genesis block chart for the next three months.  I marked the transits I believe will affect the price.  The markings are mostly based on experience from watching price movements for the past year in relation to astrological transits.

Blue:  probably positive, moving the price up.  Generally these involve Venus, the Sun, and Nepune (ruler of Venus on the chart).

Grey:  This is the upcoming Pluto conjunction with the Bitcoin Sun.  I suspect it will be positive and perhaps very much so, but with Pluto we would be amiss to dismiss the possibility of a complete disaster.

Red:  probably negative, moving the price down.  Saturn is in a long square involving a station with the Bitcoin Neptune, which rules Venus.  I am guessing this is probably suppressing price movement in general for this entire period.  The other factors are ones which we have discussed in previous posts (Neptune, Chiron, etc.).

Yes, it is a fuzzy picture with overlapping positive and negative factors, which may result in a wash in the near future.  It is a most certain there are other factors at play as yet undiscovered.  While Bitcoin may eventually turn out to be an important player in the world economy, one plays at one's own risk. 

7 comments:

  1. Hmmm... For us non-astologists, that chart is impossible to understand.

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    1. That's true of most of this blog. If it helps, the left-right axis is time, with the scale at the top. Looking down from the top, blue means a factor that usually moves the price up. Red means down. Grey means probably very big but we're not sure about which direction. In each vertical slice, there are usually multiple overlapping factors that push in different directions. This is the general gist of the post: the positive and negative factors might cancel each other out for a while.

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  2. Today is the 31st, and Venus is stationed direct on the BTC sun. Interesting that the price has been FLAT all day. I mean really, really flat with virtually no volatility.

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    1. The Saturn square to the BTC Neptune (ruler of BTC Venus) is exact today, and remains near-exact for a couple of months. I expect more flatness to come.

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    2. Also, these fast planets like Venus can have a delayed effect of up to half a day.

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  3. Updated the graphic to include, among other factors, the Sun transit to conjunction with the BTC Chiron which I suspect is driving down the price. Solar Fire had marked it as a sextile which is why I originally ignored it.

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  4. One of the factors that affect the price of bitcoin is the people who believe in it and those who don’t. As people continue to adopt bitcoin, its price will surely go up and vice versa. I think if people all over the world have finally accepted bitcoin, its price will probably stabilize.

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