Author

Topic: BTC Near Term Outlook (Read 1042 times)

member
Activity: 112
Merit: 10
June 28, 2011, 07:16:29 PM
#6
So, you finally bought some?  Cool   now it must go UP UP UP =)

I have held a position in BTC even while my near term outlook was negative.  My long term outlook remains unchanged.
member
Activity: 70
Merit: 10
"Basics Of Generational Dynamics" - Look it up!
June 28, 2011, 06:35:45 PM
#5
No... The fact that on a market like BitCoinMarket BTC:LRUSD the spread was buyers at 12, sellers at 17, and rather than the sellers coming down (which would suggest that they were concerned about the price being too high and were willing to accept less) the buyers came up to 14, then 15, and now 16 while the sellers then retreated back into the $19 area.

But that's just my take
legendary
Activity: 1050
Merit: 1000
June 28, 2011, 06:21:10 PM
#4
So, you finally bought some?  Cool   now it must go UP UP UP =)
member
Activity: 70
Merit: 10
"Basics Of Generational Dynamics" - Look it up!
June 28, 2011, 04:41:29 PM
#3
These markets aren't hard to read Shinobi, go look at some of the charts at the various exchanges and you'll see exactly what BTC E is talking about.  Remember to look at both USD and Liberty Reserve on tradehill, since they do them separately.
full member
Activity: 196
Merit: 100
June 28, 2011, 04:39:38 PM
#2
All you are missing are the substituted characters like '$' for 's' and you'd have half the spam in my Junkmail folder.
member
Activity: 112
Merit: 10
June 28, 2011, 04:36:30 PM
#1
USD/BTC exchange rate poised to escalate rapidly in the coming days.  Excellent buying opportunity at the moment.  Huge demand post Gox re-open bodes well for investors.  Mining expected to become more difficult through upswing.  Be prudent with capital expenditures.
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