Friday, January 17, 2014

Bitcoin Update

Over the a number of previous posts, I made a few speculations about where Bitcoin was headed in the second half of 2013, and in January 2014.  We revisit them now:

1.  Strong upward price movement through mid January:  what we actually got was a dramatic overall price increase in this period, but peaking over a month ago.  I did go over the Chiron-related transits which likely correspond to the December drop, but nevertheless expected more of a recovery than actually occurred. 

2.  Dramatic events and price movement in January, probably around January 11.  What we actually got was an arguably game-changing event on January 10 (the acceptance of Bitcoin payments by Overstock.com, the first mega-retailer to take Bitcoin)...  but the price barely budged.

3.  Transits to the transiting position of Neptune in the sky would gradually evoke diminishing effects on the Bitcoin price when they occur in 2014 and beyond

I believe I was wrong about the third point, which probably accounts for the way things have gone regarding the first and second.  While transiting Neptune is indeed moving away from the Bitcoin chart Venus and therefore logically less of a price factor, Neptune is moving toward the progressed Bitcoin Venus and this is now having an effect.  In fact, Neptune and the progressed Bitcoin Venus will be more or less moving in parallel for next year.

My revised model is that most or all transits to the transiting position of Neptune by a faster-moving planet over the next year (and the end of 2015) can result in a lower price and/or less price reactivity to events than there would otherwise be.  This includes the current Mars sesquiquadrate to Neptune which I believe is responsible for the current lower-than-peak price.  It also seems logical to guess that the exact peaks of transiting Neptune conjoining progressed Venus will also be price slumps (there's one in March).  We will probably still have dramatic price activity going forward, but also similar transitory limiting factors to what we've had before.  This may actually work to Bitcoin's advantage in the long run by helping to suppress some of the wild price swings that will likely occur in the near future, giving the impression of less instability.

The grand cardinal cross of April 2014 hits a number of charts prominent in world events, including the Bitcoin Sun.  That month may be another potential epicenter for Bitcoin activity, one which might not be so diluted by Neptune.  This corresponds well with (non-astrological) predictions by Clif of HalfPastHuman.com, who has been driving much traffic to this blog of late.  More on the April transits later. 

slanted line is progressed Venus

4 comments:

  1. What about the retorgrade Venus? It goes direct in exact conjunction with the bitcoin sun on Jan 31st. It stations right at 13 degrees Capricorn. Surely this will see something :) We bitcoiners can hope, at least.

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    1. I concur. I think I've written about past Venus/Sun transits that have temporarily boosted the BTC price.

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    2. There is also chatter about a possible default of a high valued Chinese investment product, that could have serious ramifications in the Chinese credit markets. The expected date of default is Jan 31st!

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    3. I hope you're right about a potential BTC uptick, and there's certainly reason to think it might happen with the Venus station. I'm concerned that the Mercury conjunction with transiting Neptune (in proximity to Bitcoin's progressed Venus) might take some of the wind of the sails.

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