Crossed 500 USD - Bull Market returns ? - page 10.

newIndia

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Quote from: Mayuyu48 on June 28, 2014, 11:18:16 PM

why it's very hard to see bitcoin >$600 atm
reach $604 for a moment, and drop again below $600
was silk road seized bitcoin auction make negative sentiment?

absolutely... the market sentiment is the auction winner may dump all the coins in the market overnight to encash them ...which is bullshit.

Mayuyu48

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why it's very hard to see bitcoin >$600 atm
reach $604 for a moment, and drop again below $600
was silk road seized bitcoin auction make negative sentiment?

Tammy Chan

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Quote from: DannyElfman on June 28, 2014, 12:13:09 AM

Everybody bullish yet? Good, we might be ready to drop again.

True lol.

"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful" ― Warren Buffett

forever21

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in that case we might get ready for the big surprise again next month as we are not sure if we're going to drop or go up in the next couple of weeks

CEG5952

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Buy and sell bitcoins,

Bearish divergences on 2hr RSI now. I think we pull back a bit -- how far we retrace will determine how bullish the picture looks. Not convinced of a bubble/moon situation yet.

DannyElfman

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Everybody bullish yet? Good, we might be ready to drop again.

BitCoinDream

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The revolution will be digital

Quote from: CEG5952 on June 22, 2014, 02:25:39 PM

Quote from: marky89 on June 22, 2014, 01:43:08 PM

Quote from: KimNam on June 22, 2014, 11:13:02 AM

Quote from: BitCoinDream on June 20, 2014, 07:40:21 AM

Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

As long as the silk road coins are not sold ...this bounching will continue

and we will see heavy dumps after SR coins sold in the market?
that's not good to buy bitcoin for now right Sad

i don't know that they will be dumped. it's not even that many coins. and there could be a lot of pent-up demand for coins off-exchange (no slippage).

Compared to the ordinary inflating supply (from mining), it's really not that big of a deal, in terms of # of coins. And I agree -- there's a lot of investors that want in, but don't want to deal with the exchanges. I don't think those coins will be dumped.

As I have seen in reports that almost 30,000 coins are going to be on auction. If we consider 1 block is mined per 10 minute on an average which now generate 25 coins, we get around 3600 coins mined per day. So it is almost a week's mining that'll be available in the market in a single day. Hence I think it is that big of a deal in terms of # of coins

CEG5952

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Buy and sell bitcoins,

Quote from: marky89 on June 22, 2014, 01:43:08 PM

Quote from: KimNam on June 22, 2014, 11:13:02 AM

Quote from: BitCoinDream on June 20, 2014, 07:40:21 AM

Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

As long as the silk road coins are not sold ...this bounching will continue

and we will see heavy dumps after SR coins sold in the market?
that's not good to buy bitcoin for now right Sad

i don't know that they will be dumped. it's not even that many coins. and there could be a lot of pent-up demand for coins off-exchange (no slippage).

Compared to the ordinary inflating supply (from mining), it's really not that big of a deal, in terms of # of coins. And I agree -- there's a lot of investors that want in, but don't want to deal with the exchanges. I don't think those coins will be dumped.

marky89

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CryptoTalk.Org - Get Paid for every Post!

Quote from: KimNam on June 22, 2014, 11:13:02 AM

Quote from: BitCoinDream on June 20, 2014, 07:40:21 AM

Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

As long as the silk road coins are not sold ...this bounching will continue

and we will see heavy dumps after SR coins sold in the market?
that's not good to buy bitcoin for now right Sad

i don't know that they will be dumped. it's not even that many coins. and there could be a lot of pent-up demand for coins off-exchange (no slippage).

KimNam

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Activity: 644

Merit: 500

Quote from: BitCoinDream on June 20, 2014, 07:40:21 AM

Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

As long as the silk road coins are not sold ...this bounching will continue

and we will see heavy dumps after SR coins sold in the market?
that's not good to buy bitcoin for now right Sad

boumalo

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Activity: 1890

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Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

You explained where we are right now but this predicament will change at some point with all the positive news, the growing adoption and innovation around the protocole

newIndia

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Price is just over 600 USD now... as per http://winkdex.com

BitCoinDream

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The revolution will be digital

Quote from: CEG5952 on June 20, 2014, 02:55:55 AM

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

As long as the silk road coins are not sold ...this bounching will continue

CEG5952

hero member

Activity: 658

Merit: 500

Buy and sell bitcoins,

I think as long we hold $550 or so, we'll keep the up trend alive. That's a very crucial level, and if we drop below that on volume, I think we're back to a bear market and possibly retesting that $340 low. Bitcoin is crazy like that.

nwfella

legendary

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Well hello there!

Quote from: Shogen on June 19, 2014, 11:55:28 PM

Quote from: polynesia on June 19, 2014, 08:42:53 PM

Professor Mark Williams.
And he is currently sticking to his fair value analysis.

http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/

And after his failed prediction made in Jan 2013, he haven't change his mind. Wink

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

Somebody prepare a nice peppered side of crow for the good professor! I wonder if he's one of those in the closet coin hoarders?

Shogen

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Quote from: polynesia on June 19, 2014, 08:42:53 PM

Professor Mark Williams.
And he is currently sticking to his fair value analysis.

http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/

And after his failed prediction made in Jan ~~2013~~ 2014, he haven't change his mind. Wink

http://www.coindesk.com/mark-t-williams-bitcoin-bulls-time-will-vindicate-prediction/

EDIT: The "2013" is obviously a typo. Wink

polynesia

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Professor Mark Williams.
And he is currently sticking to his fair value analysis.

http://www.forbes.com/sites/samanthasharf/2014/01/15/10-one-perspective-on-what-bitcoin-will-be-worth-in-2014/

cech4204a

sr. member

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12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Nice chart, it's time for BTC to go crazy, but i guess 2k$ is close enough that we can say it's gonna be in no time. Maybe it will reach 3k$ even in this year. I can't find the link to the guy that was stating that BTC price will be under 1$ in the mid of 2014, he was some kind of a proffessor , anybody remembers his name?

polynesia

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Quote from: BitCoinDream on June 17, 2014, 05:36:27 AM

After GHash.IO's official announcement for a round-table with other miners at London Summit, we are suddenly witnessing an upward rally in the market

The real trend will become visible once the results of the US Feds' auctions are out.

BitCoinDream

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The revolution will be digital

After GHash.IO's official announcement for a round-table with other miners at London Summit, we are suddenly witnessing an upward rally in the market

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