Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN? - page 137. (Read 540250 times)
April 23, 2011, 07:57:25 PM
It looks like the volume for yesterday was over twice the previous record in dollar terms, over $100k. Wow.
April 23, 2011, 07:53:06 PM
We traded $33,406.51 in last 4 hours. To exceed $2.0 we need only $22,701.60. It seems more than possible. 
April 23, 2011, 07:34:20 PM
True, there is fairly low ask pressure, and it's lower now (5 minutes later) than when I posted. Unfortunately, the bids are in the same boat. I don't know enough to tell what is going on, but my best guess is that we will see the price sink slightly until Monday morning rolls around and all the mtgox deposits hit. The bulls have just run out of cash for now. Then, we will rally just a bit more before we top out and consolidate for a while. I don't know though, and if you make trades on my advice you should consider yourself stupid 
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. April 23, 2011, 07:26:53 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
think about the dudes that just bailed out selling down to $.50 very recently
And panic selling ensues.. (*sigh of relief)
I'll be at the bottom to mop it up..
I dont even know if its over
I bet you would feel better with some high volume selling resistance between here and $2, cause right now somebody buys $5(hehe ;P) worth and were back at $2 againThere's about $2500 USD worth the visible asks to blow through to reach $2... a bit more than $5. There is similar pressure on the buying side though, so I expect it to sit for a while around 1.7-1.8 before deciding where to go.
the $5 figure was obviously(i thought) a joke, i just meant relatively low compared to the volume of trades that have been happening lately. and not enough on its own to stop it reaching $2
April 23, 2011, 07:22:22 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
think about the dudes that just bailed out selling down to $.50 very recently
And panic selling ensues.. (*sigh of relief)
I'll be at the bottom to mop it up..
I dont even know if its over
I bet you would feel better with some high volume selling resistance between here and $2, cause right now somebody buys $5(hehe ;P) worth and were back at $2 againThere's about $2500 USD worth the visible asks to blow through to reach $2... a bit more than $5. There is similar pressure on the buying side though, so I expect it to sit for a while around 1.7-1.8 before deciding where to go.
April 23, 2011, 07:19:34 PM
$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong.
300% of the value is therefore a 200% rise.
Similarly 101% of the value is therefore a 1% rise.
Who cares? Is this argument really worth 10 posts? We all know what he meant... that's why he gives the straight numbers.
April 23, 2011, 07:17:38 PM
$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong.
300% of the value is therefore a 200% rise.
Similarly 101% of the value is therefore a 1% rise.
I second this.
April 23, 2011, 07:17:21 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
think about the dudes that just bailed out selling down to $.50 very recently
And panic selling ensues.. (*sigh of relief)
I'll be at the bottom to mop it up..
I dont even know if its over
I bet you would feel better with some high volume selling resistance between here and $2, cause right now somebody buys $5(hehe ;P) worth and were back at $2 again April 23, 2011, 07:14:54 PM
$1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Your 'therefore' is just wrong.
300% of the value is therefore a 200% rise.
Similarly 101% of the value is therefore a 1% rise.
April 23, 2011, 07:05:44 PM
this +300% rally over the past 20 days
I don't get this. From approximately 0.5 to approximately 1.5 is a 300% increase?So, from 0.5 to 0.5 would have been a 100% increase?
Is that the way percentages are usually used in the financial world? That's not how I expect percentages to be used. From 0.5 to 1.5 would be (1.5-0.5)/0.5*100% = 200% increase.
I would have thought both ways are correct, given the right context.
If I bought at $0.5 and sold at $1, I would agree and say I made 100% profit.
But if I was observing the price, I would agree with S3052 and say that $1.5 is 300% of the value of $0.5, so therefore a 300% rise.
Why? In the first case you are calculating the % of profit, in the second you are calculating the % change in value.
I'm probably wrong, but it seems a very natural intuitive way to do it. Calculating a profit % seems like a no no when we are observing trends.
April 23, 2011, 06:48:51 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
think about the dudes that just bailed out selling down to $.50 very recently
And panic selling ensues.. (*sigh of relief)
I'll be at the bottom to mop it up..
April 23, 2011, 06:06:11 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
think about the dudes that just bailed out selling down to $.50 very recently
April 23, 2011, 06:01:48 PM
As Jim Rogers says, "I'll sell, and then it will double again! And I'm one of the bulls!"
Here I am holding cash
Here I am holding cash
April 23, 2011, 05:56:25 PM
i would go as far as holy mother of jumping jesus!!! last trades at $1.9
we gonna need that divisibility to 8 decimal places muuuuuch sooner than anybody though i will
we gonna need that divisibility to 8 decimal places muuuuuch sooner than anybody though i will
April 23, 2011, 05:56:18 PM
whatdya know!? 1.5/1.45 resistance
whatdya know it went through that instantly like a hot knife through butter and might hit $2 before the day is out, don't quit your day job
jk 
April 23, 2011, 05:54:10 PM
Holy cow.
April 23, 2011, 05:43:56 PM
yea, he meant that it triple, not that it rose by 3x...
3x0.5=1.5, so it did rise by 3x... April 23, 2011, 02:50:52 PM
April 23, 2011, 01:58:59 PM
it hit $1.6, thats very close to parity with GBP now, would need to hit about $1.65 though, could that get some mainstream attention in the uk? or at least a mention here and there
April 23, 2011, 12:45:01 PM
whatdya know!? 1.5/1.45 resistance
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