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Topic: call an end to the rally (Read 12387 times)

legendary
Activity: 1330
Merit: 1000
dafar consulting
August 19, 2016, 01:39:31 PM
#71
After some analysis tonight, I have come to the conclusion that the most likely end to the current rally will be at 1 btc = $4.54.  When I say end, I mean a major top will form and the price will drop at least 33% from there.  I will be putting in a sell order at $4.25 for my entire account as soon as I transfer my bitcoins there.  I'll go a step further and call an end to the drop at around parity.

Anyone else have any predictions for a top?  Anyone think it will go up and up forever without any major pull-backs?
Your prediction is pure negative. But theres a possibility it will turn into that price as you predicted. But for me bitcoin will never fall to that price again. Bitcoin is very popular right now so the demand of bitcoin will increase and the price of bitcoin a piece will rise too. Bitcoin price.is hard to predict. Its hard to know when it rise or drop. But we all hope it will rise.
You need read first before posting these post belong to year 2011 and the price of bitcoin at that time is in cheap price I hope op grab that opportunity and not waste any bitcoin they buy , now he is rich.

Lol... the dude he is replying to is also in jail for life... doubt he's reading this
hero member
Activity: 910
Merit: 520
August 18, 2016, 12:58:09 AM
#70
After some analysis tonight, I have come to the conclusion that the most likely end to the current rally will be at 1 btc = $4.54.  When I say end, I mean a major top will form and the price will drop at least 33% from there.  I will be putting in a sell order at $4.25 for my entire account as soon as I transfer my bitcoins there.  I'll go a step further and call an end to the drop at around parity.

Anyone else have any predictions for a top?  Anyone think it will go up and up forever without any major pull-backs?
Your prediction is pure negative. But theres a possibility it will turn into that price as you predicted. But for me bitcoin will never fall to that price again. Bitcoin is very popular right now so the demand of bitcoin will increase and the price of bitcoin a piece will rise too. Bitcoin price.is hard to predict. Its hard to know when it rise or drop. But we all hope it will rise.
You need read first before posting these post belong to year 2011 and the price of bitcoin at that time is in cheap price I hope op grab that opportunity and not waste any bitcoin they buy , now he is rich.
hero member
Activity: 1148
Merit: 500
August 17, 2016, 11:38:49 PM
#69
After some analysis tonight, I have come to the conclusion that the most likely end to the current rally will be at 1 btc = $4.54.  When I say end, I mean a major top will form and the price will drop at least 33% from there.  I will be putting in a sell order at $4.25 for my entire account as soon as I transfer my bitcoins there.  I'll go a step further and call an end to the drop at around parity.

Anyone else have any predictions for a top?  Anyone think it will go up and up forever without any major pull-backs?
Your prediction is pure negative. But theres a possibility it will turn into that price as you predicted. But for me bitcoin will never fall to that price again. Bitcoin is very popular right now so the demand of bitcoin will increase and the price of bitcoin a piece will rise too. Bitcoin price.is hard to predict. Its hard to know when it rise or drop. But we all hope it will rise.
legendary
Activity: 1330
Merit: 1000
dafar consulting
August 17, 2016, 06:57:46 PM
#68
well, the market is closer to my parity prediction than the previous high.  Anybody wanna join my bear-camp?  Still not too late!  Btw I sold about 100 bitcoins at $31/btc, that felt good  Cool


Not anymore   Wink
legendary
Activity: 1316
Merit: 1003
October 07, 2013, 10:58:22 AM
#67
I got 80 btc out, but they are rolling everything back, so I don't think I'm a millionaire....yet
2 years later you were DPR. Too bad it went all down the drain.
full member
Activity: 174
Merit: 100
June 19, 2011, 06:50:14 PM
#66
after reading the forum a bit, a roll back really is the only thing he can do(right or wrong being irrelevant),

though it's funny watching all the guys that got there 0.10 orders filled going crazy calling the roll back bullshit  Grin

saying its the only thing he can do is based on the assumption that mtgox doesn't personally own 500k btc or the cash equivalent to pay the 500k owner back,  just opening the exchange with no roll back and letting the low orders stand would mean he is just ignoring the guy with the lost 500k btc and that would be worse than the fecking hack, "oh you lost millions on my exchange? tough shit!, stop e-mailing me everyday about it ffs... want some cheese with that whine?"

although even if he did have the 8 million $

he is still looking at the choices of

1: let all orders stand and screw the 500k customer

2: pay the millions back personally and let all orders stand (haha)

3: roll back and pay the few thousand himself

4: close exchange and flee with all the cash

is this a fair assessment?
jr. member
Activity: 48
Merit: 9
June 19, 2011, 02:41:15 PM
#65
I got 80 btc out, but they are rolling everything back, so I don't think I'm a millionaire....yet
full member
Activity: 174
Merit: 100
June 19, 2011, 02:01:18 PM
#64
ooh, just online again, I'm not sure what happened yet, possible hack sell off to 0.01 or something on mtgox?, did you get a parity order filled in the process? if so very nice!  Tongue imagine the guys that had the 0.01 orders, waking up and finding them filled  Grin Grin Grin unless it was all mtgox users combined getting sold in a hack...  Sad

can you withdraw?
jr. member
Activity: 48
Merit: 9
June 19, 2011, 12:55:48 PM
#63
booyah
legendary
Activity: 1400
Merit: 1005
June 12, 2011, 01:53:46 AM
#62
well, the market is closer to my parity prediction than the previous high.  Anybody wanna join my bear-camp?  Still not too late!  Btw I sold about 100 bitcoins at $31/btc, that felt good  Cool
Couldn't have had better timing.

I sold a quarter of mine (which is less than your hundred) for $24/BTC.  Good time to do it by the looks of things... now I'm thinking about buying as much as I sold at less than half the price.
newbie
Activity: 42
Merit: 0
June 11, 2011, 10:32:32 PM
#61
$1k is unlikely, IMO.
not SO fast.
but hardly avoidable.
jr. member
Activity: 48
Merit: 9
June 11, 2011, 10:24:27 PM
#60
well, the market is closer to my parity prediction than the previous high.  Anybody wanna join my bear-camp?  Still not too late!  Btw I sold about 100 bitcoins at $31/btc, that felt good  Cool
legendary
Activity: 1153
Merit: 1012
June 05, 2011, 10:33:19 AM
#59
Here's my prediction:

Bitcoin will hit at least $40 by the end of June, and over $1000 by the end of the year.

..and that may prove to be really conservative.

full ack.
legendary
Activity: 1400
Merit: 1005
June 05, 2011, 01:36:49 AM
#58
My prediction is that I wish I had $10k to put in to bitcoins right now.

And lol, I think I called the end to the rally at $2.00 early on in this thread.  Or maybe a different thread.  Regardless, makes me laugh thinking about it now.
legendary
Activity: 1120
Merit: 1003
June 04, 2011, 10:43:12 PM
#57
Here's my prediction:

Bitcoin will hit at least $40 by the end of June, and over $1000 by the end of the year.

..and that may prove to be really conservative.
full member
Activity: 174
Merit: 100
June 04, 2011, 09:48:49 PM
#56
I'm not an expert but I wouldn't count on parity now, if you get the chance to get back in at close to the price you sold in a future correction just take it, lots of people thinking they missed the boat will be buying up bitcoins if they price comes down, especially if it goes under 10.

either way, you got 25k, better than a poke in the eye with a sharp stick.

I wish you luck getting back in altoid, I mean it.
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
June 04, 2011, 09:35:55 PM
#55
I think you'll be buying back the coins at $15-18  Grin

I think so too Smiley

Ive asked S3052 and others to explain *why* they think an entirely new form of currency that offers *many* advantages over any of the existing forms of value trading systems, and is *just starting* to pick up steam (as far as mainstream awareness goes) would possibly follow the old patterns of "normal" stocks of companies and commodities.

Did the adoption of the Internet and Broadband follow "Elliot Waves" ?
Did anyone talk about "Bear and Bull" markets with regard to BitTorrent's uptake ?
Were Mobile Phones considered a "Bubble that will burst ?"
Did the takeover of the Automobile follow "The Markets *Rules* ?"

Digital Cameras annihilated the 100+ year old film/development industry within a decade, CCD's and Portable mass storage combined to totally change the way we took and stored images almost overnight (in cultural time frames)

Bitcoin is also an entirely new technology combination that stands to revolutionize the worlds whole financial system and how people transact with each other, and some think it will follow the usual stock-market rules just because it uses seemingly familiar "exchanges" to help it along.

I personally think it will rise, and rise, and rise for at least 5 or 10 years, (possibly in bursts according to media coverage/awareness grows) as mass-adoption gradually happens..

Unless something catastrophic (and very unlikely) happens, such as the governments of the world conducting an all-out media-smear campaign against it war-on-drugs style (possible - even although it will likely fail, just like prohibition and WOD), switch off the internet (yeah right), or start jailing people for using it (yeah right again).

I try not be a cheerleader/fanboi, but Ive been in the Electronics and I.T. industry for 30 years and I havent *ever* seen anything with the potential that this project has to change the world for the better.


Nice post PseudoCode.  Smiley
full member
Activity: 126
Merit: 100
June 04, 2011, 09:27:54 PM
#54
"call an end to the rally" turned out to be premature... again...

Third time's a charm Wink

you're killing me altoid, this thread is hard to read now  Cry  have you actually received any encouragement on these sells that I missed?

*6 months later* value hits $100 per btc. altoid will be on the forums shouting, "ANY DAY NOW!11" "CMON PEOPLE, SELL FFS!!!"  Tongue  Wink

unfortunately, altoid just doesn't understand that Bitcoin comes from a curiously strong mint.


...sorry.
hero member
Activity: 812
Merit: 1001
-
June 04, 2011, 09:26:18 PM
#53
I'll be smiling when I buy your bitcoins for a dollar, it's not too late to become a bear...

sweet dreams
jr. member
Activity: 48
Merit: 9
June 04, 2011, 09:23:15 PM
#52
I'll be smiling when I buy your bitcoins for a dollar, it's not too late to become a bear...
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