Seriously, $1000 would be pretty good.
I didn't realize I was such a bear...
Still too bullish, even as the thread's megabear. Go figure.
Topic: Bitcoin Value by Christmas (Read 5450 times)
I didn't realize I was such a bear...
Still too bullish, even as the thread's megabear. Go figure.
nice one!
$1,700
$913
around 2745$ if we remain the pace
The mass delivery of BFL ASIC devices have been finished, it means the hash rate won't rise as fast as before and soon investing in mining devices will be the popular method of acquiring coins again, this will put a limit on how high the price will reach, I think the current rally will stop around $1500 to $2000
How long until this happens? Days? Weeks? Months?
18,291.12
8675.309
$7,360
The mass delivery of BFL ASIC devices have been finished, it means the hash rate won't rise as fast as before and soon investing in mining devices will be the popular method of acquiring coins again, this will put a limit on how high the price will reach, I think the current rally will stop around $1500 to $2000
Right, I misspoke.
And today the situation appears to be reversed, if you're looking at BTCE.
And today the situation appears to be reversed, if you're looking at BTCE.
dudes. Look at the order book.
https://www.bitstamp.net/market/order_book/
See that very shallowly sloping line on the left? That's bids.
See the cliff on the right? That's asks.
Looking at this, it appears that you have deep demand and short supply. Usually that means a price goes down.
https://www.bitstamp.net/market/order_book/
See that very shallowly sloping line on the left? That's bids.
See the cliff on the right? That's asks.
Looking at this, it appears that you have deep demand and short supply. Usually that means a price goes down.
Deep demand would imply there is a lot of demand. Short supply would imply that there is not much supply. Usually that means price goes up.
I think you just chose your words wrong, because the market depth lines that you're describing imply that opposite of deep demand and short supply. But just in case nobody here realized. I don't want the rest of the world believing this community isn't capable of grasping the most elementary aspect of economics.
Also, I don't know how long you've been looking at order books on digital currency exchanges, but they rarely are useful for anything other than very short term price predictions.
Between $1500 and $2500.
Dont underestimate the increased demand after recent media attention...
Dont underestimate the increased demand after recent media attention...
it depends on when the correction comes. if it continues like the last two weeks (very doubtful) it would go past $5000,-
if correction comes tomorrow: $ back up to $ 1500,- by christmas.
if correction comes on the 23rd: down to .... hm... $1500....
if correction comes tomorrow: $ back up to $ 1500,- by christmas.
if correction comes on the 23rd: down to .... hm... $1500....
$1500-$2000? Maybe more. I hope for it to stabilize a bit during december. It should still rise, but not as fast as it has done the last couple of days.
$800-$900
Holy Crap!
Look at the order book today!
Someone has placed a 1.8 million-dollar wall on the 'bid' side! If the price goes down to 925, he or she or they wants to buy damn near 2 million bucks worth of coin. That looks like a strong price support. I bet the price won't hit 924 before New years, now, and I had been thinking it would dip below 900.
Or, if anybody with large holdings wants to sell, they can sell right now without moving the market much.
https://www.bitstamp.net/market/order_book/
Look at the order book today!
Someone has placed a 1.8 million-dollar wall on the 'bid' side! If the price goes down to 925, he or she or they wants to buy damn near 2 million bucks worth of coin. That looks like a strong price support. I bet the price won't hit 924 before New years, now, and I had been thinking it would dip below 900.
Or, if anybody with large holdings wants to sell, they can sell right now without moving the market much.
https://www.bitstamp.net/market/order_book/
It is decent support, but let me ask you a question. Were you around in april? 100k+ of coins were dumped on Gox in several hours. And today 2k wall at Bitstamp was eaten in about five minutes. Several thousands coins are still nothing in this market, if the pressure is strong enough.
Holy Crap!
Look at the order book today!
Someone has placed a 1.8 million-dollar wall on the 'bid' side! If the price goes down to 925, he or she or they wants to buy damn near 2 million bucks worth of coin. That looks like a strong price support. I bet the price won't hit 924 before New years, now, and I had been thinking it would dip below 900.
Or, if anybody with large holdings wants to sell, they can sell right now without moving the market much.
https://www.bitstamp.net/market/order_book/
Look at the order book today!
Someone has placed a 1.8 million-dollar wall on the 'bid' side! If the price goes down to 925, he or she or they wants to buy damn near 2 million bucks worth of coin. That looks like a strong price support. I bet the price won't hit 924 before New years, now, and I had been thinking it would dip below 900.
Or, if anybody with large holdings wants to sell, they can sell right now without moving the market much.
https://www.bitstamp.net/market/order_book/
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