$4 today!? | Bitcointalksearch.org

zby

legendary

Activity: 1594

Merit: 1001

Quote from: cypherdoc on December 20, 2011, 11:07:22 AM

Quote from: RodeoX on December 20, 2011, 10:05:02 AM

Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold. the reversals tend to be straight up to kill shorts and escape away from the non believers. then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.

So what is the current target for 'sustained steady rise'?

notme

legendary

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Quote from: cypherdoc on December 20, 2011, 11:07:22 AM

Quote from: RodeoX on December 20, 2011, 10:05:02 AM

Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold. the reversals tend to be straight up to kill shorts and escape away from the non believers. then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.

Then we overshoot, you flip the sign of everything and repeat.

cypherdoc

legendary

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Quote from: RodeoX on December 20, 2011, 10:05:02 AM

Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold. the reversals tend to be straight up to kill shorts and escape away from the non believers. then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.

RodeoX

legendary

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The revolution will be monetized!

Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

FlipPro

legendary

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Quote from: Mousepotato on December 20, 2011, 01:01:02 AM

$100 by Xmas! *cough*

If this action keeps up, this may be the quote of the century.

Mousepotato

hero member

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Seal Cub Clubbing Club

$100 by Xmas! *cough*

bitcoinBull

legendary

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rippleFanatic

Quote from: cypherdoc on December 20, 2011, 12:46:46 AM

is this what they call a Santa Claus Rally?

lol. On Nov 24 I wished for $5 btc for xmas.

I used to doubt any correlation between bitcoin and the mainstream markets. But with bitcoin possibly going quasi-mainstream, I can see it looking quite attractive to adventurous retail investors, next to the non-performing stocks and gold/silver.

cypherdoc

legendary

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