Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 103. (Read 540272 times)

It's the first time I have voted down,

I think we are in for a big drop, Think we need to hit a low that lets everyone know the bottom has been found, before we can move on

Isn't it the first time that the main poll answer is Down?

s305 I would also like your technical analysis but it's just to expensive for me ATM. Let us know when you come up with some new packages.

Just updated the bitcoin watch part with a brief review:

http://bit.ly/nsteB3


And yes, I am thinking about refining our offers including rates. You will hear from us in the next 7-10 days.

Maybe yo could offer a "basic" analysis for cheaper. I dont trade but like to know wgats going on in the market to keep track of bitcoins success and for planning my bussiness beter. If you have a cheap plan i would seriously consider subcribing

Thanks for the encouraging words. You and others are always welcome to join the subscribers. I just issued the weekly report with a longterm outlook and 3 major options.

the bitcoin market, like any other financial market, behaves irrationally, not rationally
This is why technical chart analysis can be so effective.
The current short term trend has turned down now and lower prices are likely.
I will provide key trigger levels and price targets for short and intermediate term in the subscriber section.

Of course I am acquiring some bitcoin. I am waiting for apps to be developed that allow for secure transactions and wallets so I can distribute bitcoins locally. I think the price of bitcoin is fine because it is high enough for those that sell to pay their costs, but low enough to attract buyers. Please do hang around for the show because so far this has been only the previews.

+1, I've been thinking that for quite a while now. Why the f... they sell their precious coins prematurely?

I've gotten to the point though, where it doesn't piss me off any more, because this is actually a good thing. Money is being passed on to buyers (fresh people amongst them, I hope), who are now "invested" in bitcoin and will help grow it. Back in March/April/Mai I was thinking: "Shit, everyone's holding on to their coins, how is average Joe ever going to get in on this game?". Well, that problem seems solved now.

I seem to have greatly overestimated the appeal which the features of this currency would have on people. I thought everyone would react like me, saying: "This is f...ing awesome! Genius Nakamoto thought of everything! Finally online money that actually works and cannot be taken down easily. This will be BIG. Let's become independent from these banksters and finally do away with this modern slavery shit." ... well, you get the point.

The greatest appeal for the majority of miners that joined within the last 3 month was probably: "Wow, I can put my GPU to use by generating $$$. I just have to go through some weird "bitcoin" thing first. I don't know wether or not bitcoin will take off and frankly I dont care, because I'm too lazy to think and too afraid to take a risk, so here goes every 0.01 BTC I mine directly to mtgox. I will also constantly complain to pool operators why it takes so long to pay out and why does it take so long to make a transaction again? Shit, I just hope bitcoin won't get hacked again before I payed for my GPU". I know this is a bit hyperbolic, but I think it's a large part of what's happening.

Sad really, but part of the mechanics to distribute bitcoin to more people (who will be called "early adopters" at some point, btw

The only viable solution for YOU.  I'm fine with you doing that, I'll just continue trading for dollars as opportunities present themselves.  Been selling since $24 and it's been a highly profitable strategy for me.  Much better than those buying/holding all the way down expecting $40 in August and $100 by end of year.

If people panic and sell their hardware for pennies on the dollar -- my power costs $.046 + fees, or around 6c a kw/hr.  I (and lots of others) can pick up where they left off.   Anyone willing to sell me working XFX 5830 for $50 yet?  No?  Didn't think so.

Fact is, 3/4 of existing mining power got added during the last 6 weeks.  People are looking for a return on that investment.  And $12/btc is still a better return than $0 + hope & prayer.

Now, when BTC are around $5 you'll have a point.

Honestly I just think we have a bunch of new miners who don't know what the HELL they are doing. We are getting killed by the bears because they get a coin and sell it like it's a hot potato. It's time for us miners to begin to see this as a long term investment, and get to work on other projects that will make all our investments WINNERS. You guys can't get rid of your machines now, the huge influx of anything ATI HD will make these cards go DIRT CHEAP. You will LOOSE and you were warned by many in this community. The only viable solution at this point is to hold on to your coins and only spend within the community
https://en.bitcoin.it/wiki/Trade till you start getting those prices you deserve...

It might not die out completely, but it may very well be the case that anyone who bought bitcoins since April will end up losing a significant proportion of whatever they put in once the dust settles.  The pros have made their money and gotten out and this whole thing  is ready to be tossed back into obscurity

After the MtGox hackcrash I thought confidence in bitcoin couldn't get much lower, and yet since then I've been proven wrong again and again.  The fact that the market price is above $5 is absolutely astonishing, and not in a bullish way.

Yeah right... The minute you see some obvious movement you'll be right back in . No matter how many hacks, no matter how many attacks, no matter how many things happen to THIRD PARTY VENDORS, Bitcoin cannot die.

If you think that, then I hope you're buying right now.  But, also, if you think that, then, in advance, my sympathy to you.  IMO we're circling a very large toilet bowl.  I'm just hanging around for the show at this point.

Do you think maybe the trench right now is because there were some successful heists and Mt Gox still has cheap trading? Just sayin' I say BTC will rally within a week back to the 10 EU price.

Can I join your team S3052? Remember me? I'd only ask for a very (small) pay.

I could offer time, capital anyone?

+1

I'd pay the same small amount. Anything above that isn't worth it for me, just don't have the kind of volume to pay 5 BTC, not at all.
Maybe it really _is_ true and S3052 could make more selling at substantially lower price. 5 BTC I just can't afford.

I'm rooting for a rally