Top = $8.9
Current price = $7.02
End of rally = $5.96
Current price = $7.02
End of rally = $5.96
Do you mean "end of correction"?
Topic: call an end to the rally - page 3. (Read 12393 times)
Do you mean "end of correction"?
Top = $8.9
Current price = $7.02
End of rally = $5.96
It's possible we could reach there. The price dropped rather suddenly and drastically. Who knows?
Either way, I'm still PLENTY happy with BTC being anywhere over $5. Even over $3 is ok.
Current price = $7.02
End of rally = $5.96
It's possible we could reach there. The price dropped rather suddenly and drastically. Who knows?
Either way, I'm still PLENTY happy with BTC being anywhere over $5. Even over $3 is ok.
Then again, people have been proved wrong before, it might really go to $20 first
markets can literally do ANYTHING, but what is interesting is what is probable. $20 before a deep correction is possible, but not probable at this point IMHO
I've still got my buy order down around parity. The higher it goes at this point, the more likely the drop begins. It will be interesting to see the shift in tone around here when that happens. When everyone is doom-and-gloom on bitcoin, time to buy.
I've sold a part of my holdings yesterday so that when the correction comes I at least have my initial investment back. It's still rising, but I don't expect it to go very fast from here and we might see a correction.Then again, people have been proved wrong before, it might really go to $20 first
I'm saving everything until at least the end of July.
I should have ~60 BTC by then so I may be able to get a nice profit.
I shorted 3 BTC for $20 earlier, pretty crazy the price is so high all of a sudden.
I should have ~60 BTC by then so I may be able to get a nice profit.
I shorted 3 BTC for $20 earlier, pretty crazy the price is so high all of a sudden.
I've got a buy order for 1 coin at $3.57.
Simply because that's all I have in Mt Gox at the moment, and you can't buy fractions yet
Simply because that's all I have in Mt Gox at the moment, and you can't buy fractions yet
I've still got my buy order down around parity. The higher it goes at this point, the more likely the drop begins. It will be interesting to see the shift in tone around here when that happens. When everyone is doom-and-gloom on bitcoin, time to buy.
That being said, I sure wish I had 12x my money instead of 4x, but oh well, many who think they've 12xed will have lost by the bottom.
That being said, I sure wish I had 12x my money instead of 4x, but oh well, many who think they've 12xed will have lost by the bottom.
It is my personal opinion that the rally is just getting started (see my sig).
There WILL be a peak, followed by panic selling, followed by wild price swings, possibly followed by higher peaks (or not), and then hopefully the market will reach some level of stability at some price. The final stabilized price is anybody's guess.
Hopefully before the peak, somebody will create a way to short bitcoin, so that people who call the peak can profit from the drop too
There WILL be a peak, followed by panic selling, followed by wild price swings, possibly followed by higher peaks (or not), and then hopefully the market will reach some level of stability at some price. The final stabilized price is anybody's guess.
Hopefully before the peak, somebody will create a way to short bitcoin, so that people who call the peak can profit from the drop too
Ok, my prediction was exceeded by today's spike and my order was filled, but if it falls from here, I will call my prediction accurate. If not, oops!
you still waiting on a drop (which might still happen) to buy back in? or did you take a loss and just buy back higher to be safe?
just curious
I'm guessing this is from the Forbes article?
Ok, my prediction was exceeded by today's spike and my order was filled, but if it falls from here, I will call my prediction accurate. If not, oops!
It's downhill from here. Without an easy way to convert BTC --> USD, you'll lose the interest of many smaller-time speculators and miners. Paypal shutting down coincard is a nail in the coffin...
Here's to hoping someone finds a clever way around it!
Here's to hoping someone finds a clever way around it!
Hardly a nail in the coffin. If there's one thing the open-source community has shown, it's that they can find clever ways around just about any obstruction.
Paypal fears Bitcoin...
"First they ignore you, then they laugh at you, then they fight you, then you win." -Ghandi
Let's just hope he doesn't have sex in Sweden.
Something is already happened there:
http://www.google.com/trends?q=bitcoin&date=mtd
But we're in for quite a ride till there is a good alternative for converting fiat into BTC and vice versa in most parts of the world
It's downhill from here. Without an easy way to convert BTC --> USD, you'll lose the interest of many smaller-time speculators and miners. Paypal shutting down coincard is a nail in the coffin...
Here's to hoping someone finds a clever way around it!
Here's to hoping someone finds a clever way around it!
Losing PayPal is a minor inconvenience at worst. And long-term, PayPal will be the loser there.
It's downhill from here. Without an easy way to convert BTC --> USD, you'll lose the interest of many smaller-time speculators and miners. Paypal shutting down coincard is a nail in the coffin...
Here's to hoping someone finds a clever way around it!
Here's to hoping someone finds a clever way around it!
The arrest of Satoshi would end the rally promptly, I think. Let's just hope he doesn't have sex in Sweden.
I would think it would be quite the contrary, that would attract mroe attention towards Bitcoin, more people wanting to buy suddenlly == bigger prices
Bitcoin is such a small market that it has huge upside potential given any sort of mainstream move into BTC. The Forbes article and the CIA meeting are just the tip of the iceberg. I'm betting on a 10:1 BTC to USD ratio inside a year, barring a successful propaganda campaign and subsequent crackdown against Bitcoin. Don't get me wrong though, I fully expect any sort of crackdown to look something like this:
I don't know .. people may try technical analysis on it but I don't know if it really applies. If the economy itself develops and people see the benefit to using bitcoin causing demand.. I don't know if technicals can predict that or the absence of it. Just the gambling community with the government doing all their shenanigans to gaming sites could fuel a long term demand.
If you want to capture those amazing returns, you have to have an exit strategy.
What does one exit into? Already overvalued precious metals? Inflationary fiat currencies?
I plan to ease into yachts and mansions.
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