Topic: Going up! (Read 3985 times)
I see some pretty glaring mistakes on that logarithmic scale. You don't go from million to billion in one tick the same way you don't go from thousand to million in one tick.
LoL, it is going down.
Drop your coins now while you still can, bear is coming!
Drop your coins now while you still can, bear is coming!
If you didn't make lots of money already I think it's probably too late this time around.
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
That chart says nothing about it being too late for people to make 10x-100x on their investment if investing now. Will enough money come in to make 10-100x happen? Nobody knows.
It's painfully obvious 1 BTC won't reach global money supply in 2015 (or ever), however that tells you nothing about making 10x your investment in a few years or more at all.
Seems to me the chart is designed just to trick stupid people. That or the creator of the chart was stupid and thought the chart was communicating something that meant anything.
The chart's TLDR: "Unsustainable growth won't be sustained for longer than it can be sustained", gee thanks...
Will user adoption slow down or speed up? Will it become easier and faster to purchase coins or slower?
Time will tell
Time will tell
If you didn't make lots of money already I think it's probably too late this time around.
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
By lots of money I'm talking about 10x-100x your initial investment.
Someone posted a link to this image on IRC :
Lol.
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
this
It looks like it is not going up anytime soon, prepare for a long slide down to 100
I told it yesterday (first answer to this thread).
Huh.
It looks like it is not going up anytime soon, prepare for a long slide down to 100
Bitcoin has been becoming increasingly popular, I'm torn between wanting them to rise and wanting them stable which they have been relatively the past week.
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
You decide.
Or maybe people just believe in Bitcoin..
Nah, everyone's too busy whining about how OTHER people don't believe in bitcoin, to actually believe in it themselves.
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
You decide.
Or maybe people just believe in Bitcoin..
Going up... very slowly... step by step, inch by inch...
Methinks the hordes are starting to learn to trade...
Throw a bunch of newbs into an investment situation and you get a spike and crash.
Then they learn from their mistakes...
I bet you every (well, at least a significantly larger portion than before) man and his bro now has buy orders down to $50 and sell orders up to $500, and a concentrated spread around the current price. This is why those $10 price movements we're all so used to are a little more hard to come by...
I'm sure electricmucus has buy orders down to $0.01 and sell orders only up to $125, and smoothie probably has buy orders down to $75 and sell orders up to $300,000...
Methinks the hordes are starting to learn to trade...
Throw a bunch of newbs into an investment situation and you get a spike and crash.
Then they learn from their mistakes...
I bet you every (well, at least a significantly larger portion than before) man and his bro now has buy orders down to $50 and sell orders up to $500, and a concentrated spread around the current price. This is why those $10 price movements we're all so used to are a little more hard to come by...
I'm sure electricmucus has buy orders down to $0.01 and sell orders only up to $125, and smoothie probably has buy orders down to $75 and sell orders up to $300,000...
Too much energy is invested in speculating rather than developing.
Sometimes I agree with that. Other times I think the biggest barrier to adoption is volatility, and time spent laboriously trying to catch spikes is time well spent.
your chart makes it painfully obvious that this upwards trend is going to result in a crash by midnight. (then upward trend again, then crash, then repeat)
5% up, talk about an anti-climax bulls. 
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
My bids are ready.
My body is ready
This forum is quite a bubble itself...
5% up, talk about an anti-climax bulls.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
It's exactly this attitude that will prevent your prediction from coming true.
The order book is filling up, this market is going higher... I think we'll be solidly in 120's tomorrow
I think we are not in a bubble. I might change my mind if in about 2 months the downtrend will continue and no new highs are in place.
I really do think that Bitcoin is becoming more and more popular. I don't know how this affects the price given that 3600 btc are mined daily and we need about 400k usd to sustain that. DAILY. But I do know that everyone should own one bitcoin.
If I were in the place of those people in Cyprus, Greece, Spain, and EU in general, I'd keep a fair portion of my savings in BTC. Think of this: the weakest link in our whole civilization is fiat. There are many 0s in total amount of fiat but so many poor people. In a world that 1% controls 95% of wealth I find it unfair to play by moneymaker's rules.
Yes, hard to use bitcoin for groceries but that's just momentarily. Too much energy is invested in speculating rather than developing.
I really do think that Bitcoin is becoming more and more popular. I don't know how this affects the price given that 3600 btc are mined daily and we need about 400k usd to sustain that. DAILY. But I do know that everyone should own one bitcoin.
If I were in the place of those people in Cyprus, Greece, Spain, and EU in general, I'd keep a fair portion of my savings in BTC. Think of this: the weakest link in our whole civilization is fiat. There are many 0s in total amount of fiat but so many poor people. In a world that 1% controls 95% of wealth I find it unfair to play by moneymaker's rules.
Yes, hard to use bitcoin for groceries but that's just momentarily. Too much energy is invested in speculating rather than developing.
5% up, talk about an anti-climax bulls.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
My bids are ready.
5% up, talk about an anti-climax bulls.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.
Am I the only seeing that the oscillation created by the bubble/crash has been damped?
This happened during the first bubble too
I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.
This happened during the first bubble too
I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.
market makers
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
China + Gyft + Humble Bundle + DigiDeals You decide.
That doesn't mean I'm not going to cash out soon, if I can make 5% from this spike and gain a couple more coins then great.
The market just ate through more than 20k asks in < 3 hours. If we break 125, it is going to go sky high to the 140s. You are witnessing the culmination of market volume that has been built up over the last 6 days just now being let loose...
What what happened to
In my experience on forex and stocks, symmetrical triangles follow the trend that they were formed on almost every time, and previous trend is down, so at the end of the day I'm calling it like I see it. I decided to cash out my positions, cancel some orders and put on my tin foil hat as indicators are leading further and further into bearish territory so I expect a hard price crash to occur.
Positive news and hype has managed to keep the price from falling but this ship is about to sink.
Positive news and hype has managed to keep the price from falling but this ship is about to sink.
Seems like you were pretty certain and you're experienced in forex AND stocks, clearly you own big boy pants.
Oh Hai, wait a second, you bought back in?
I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins 
(((((((((((((((((((((((((((((((
(((((((((((((((((((((((((((((((Ahh, that explains why the "ship was sinking" but now it's turned into a rocket ship that's headed to the moon. At least wait 24 hours before you burn your bear costume and turn into a cheerleader. However you seem like a nice guy, didn't start your own thread to announce you sold everything, that's mildly redeeming qualities for a dramatic bear. Welcome back.
Couple of things, many people trying to buy in got impatient, many traders/speculators that cashed during the stagnation are buying back in (myself being an example), and bots also buying in tandem.
China money finally reaching the exchanges, or Gyft is giving us a gift?
You decide.
You decide.
The market just ate through more than 20k asks in < 3 hours. If we break 125, it is going to go sky high to the 140s. You are witnessing the culmination of market volume that has been built up over the last 6 days just now being let loose...
Am I the only seeing that the oscillation created by the bubble/crash has been damped?
This happened during the first bubble too
I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.
This happened during the first bubble too
I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.
Heres a slightly different view of it that I plotted, on a 2 month log scale
My green line is the top of a very long term trend I've been following, the price has dipped well below it a couple of times after the recent price crash. However those dips came after tremendous falls which to me feels similar to trying to hold an inflated balloon under water.
Its bullish that we are remaining above that trend and that we've broken out of the recent downtrend.
My green line is the top of a very long term trend I've been following, the price has dipped well below it a couple of times after the recent price crash. However those dips came after tremendous falls which to me feels similar to trying to hold an inflated balloon under water.
Its bullish that we are remaining above that trend and that we've broken out of the recent downtrend.
Market could have broken up or down, this is a really good sign that the market is bullish after breaking out of a symmetrical triangle, the real question for me was which trendline that triangle was building off of, the more short term down trend or the longer-term up that occurred post crash...., and this is coming from someone who was hoping it was not
I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins(((((((((((((((((((((((((((((((
I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins
(((((((((((((((((((((((((((((((
Definitely a bullish market
Looks like this breakout is real. I'll be more confident about it once we're past $125 but it's looking good so far.
Go team green go !
Go team green go !
I simply think we have too much scared pussies selling off too early, leading to drops/ not so fast gains.. Anyways glad we saw 90 euro last night hopefully 100 in the few next days.
not yet
I agree this down trend has been broken
foolish scale
look at the 6month chart instead
look at the 6month chart instead
Lol.
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
No he's right, we've clearly broken the trend. But yes, the close price speaks louder than a spot price.
And I always try to avoid following through especially if I've had a curry the night before.
http://www.hostingpics.net/viewer.php?id=4022067062ada0f7287dcfb3fef0a27ed39f31.png
Lol.
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
No he's right, we've clearly broken the trend. But yes, the close price speaks louder than a spot price.
And I always try to avoid following through especially if I've had a curry the night before.
Lol.
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range
Maybe.... We need follow through volume for confirmation.
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