Alright, be totally honest: who saw this one coming? - page 3.

N12

donator

Activity: 1610

Merit: 1010

Quote from: phorensic on May 25, 2013, 09:44:52 AM

One thing I do know, buy on this weekend dip, because we might hit all time highs next week when the banks open and more people can get USD into the exchanges.

Hahahaha. I'll bet you 1:10 that Bitcoin won't hit new alltime highs until the end of next week (until begin of Monday, UTC). Let me know if you are willing to do that, and how much volume (denominated in BTC). Source should be mtgoxUSD.

phorensic

hero member

Activity: 630

Merit: 500

I've been trading every day since 2011 and I didn't see that little mini rally coming. I thought we would do a slow slide down, stay sideways forever like last year, or maybe a little grind up. One thing I do know, buy on this weekend dip, because we might hit all time highs next week when the banks open and more people can get USD into the exchanges. Oh, and don't watch just Mt Gox. Seems like the time is right for the other exchanges to handle more of the volume.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: Quantum_Negatum on May 25, 2013, 07:48:18 AM

I've been anticipating sub $20 for weeks. So, not me. Undecided

I didn't have quite that pessimistic an outlook, but like I said, I didn't see this coming either.

and to be honest. I'm a bit surprised about the "well duh, it was obvious" attitude of the other posters. I'm following the wall thread pretty closely, and at least in there, there was nothing like a consensus that we're about to not only break 125. but 130 as well, in one swift motion.

Quantum_Negatum

member

Activity: 84

Merit: 10

I've been anticipating sub $20 for weeks. So, not me. Undecided

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: oda.krell on May 25, 2013, 05:27:38 AM

I mean of course the (mini?) rally of the past 2 days. Did you suspect this would happen?

I can say for sure I wasn't prepared for it at all. Volume was ultra-thin, and the indicators I tend to rely on (e.g. Chaikin money flow) had looked spotty for the past days, so I expected horizontal price movement, with maybe a slight upwards direction, but nothing like what actually happened.

What's your story?

Pretty sure everyone saw it coming. It was discussed in the wall thread for awhile. Bids stacking way up, Asks were dropping off, people saw this rally coming from a mile away.

It was going sideways for weeks, this was a pretty minor bump. Just people tired of waiting for cheap coins. Less volatility helps get new investor in. With no buying Monday-Thursday, it was pretty clear on Friday that the bids were going to have to actually cross over to get some coins. So they did. Grin

naphto

sr. member

Activity: 392

Merit: 250

https://bitcointalksearch.org/topic/will-the-price-be-130-usd-may-25-211771

phatsphere

hero member

Activity: 763

Merit: 500

you joined only a month ago. would you have been here 2 years ago, you would have seen this several times … no surprise.

oda.krell

legendary

Activity: 1470

Merit: 1007

I mean of course the (mini?) rally of the past 2 days. Did you suspect this would happen?

I can say for sure I wasn't prepared for it at all. Volume was ultra-thin, and the indicators I tend to rely on (e.g. Chaikin money flow) had looked spotty for the past days, so I expected horizontal price movement, with maybe a slight upwards direction, but nothing like what actually happened.

What's your story?

Topic: Alright, be totally honest: who saw this one coming? - page 3. (Read 5174 times)