I think we will test BTC0.00667 again this week.
Wow BTC0.00667 per BTC? That's ~15000% profit per trade.
We'll be testing $0.15 this week.
So you do not mind selling me some BTC for $0.16 at the end of the week? :-]
We'll have to see.
Topic: How much price will drop this week ? (Read 2503 times)
Wow BTC0.00667 per BTC? That's ~15000% profit per trade.
We'll be testing $0.15 this week.
So you do not mind selling me some BTC for $0.16 at the end of the week? :-]
We'll have to see.
we'll probably consolidate between $120 and $160 for most of next week. both bulls and bears are wrong.
--arepo
--arepo
Sounds like they'd both be right.
i vote to ban you if you are wrong ...
I have just recalled one scene from Startrek. It was capitan Kirk saying: "As soon as we have democracy here, I will let you know." :-]
last week volumes were mostly extremely low.
noone was really jumping to sell or buy.
i vote to ban you if you are wrong just because your posts are extremely annoying and contribute absolutely nothing.
i rarely call for banning people but some do deserve it
noone was really jumping to sell or buy.
i vote to ban you if you are wrong just because your posts are extremely annoying and contribute absolutely nothing.
i rarely call for banning people but some do deserve it
I think we will test BTC0.00667 again this week.
Wow BTC0.00667 per BTC? That's ~15000% profit per trade.
We'll be testing $0.15 this week.
So you do not mind selling me some BTC for $0.16 at the end of the week? :-]
Price of the USD will continue to drop, though not as fast as the price of the Japanese Yen. The Argentinian Peso will also continue to drop at its non-official yearly inflation rate of 20-30% and certainly not its official inflation rate of 10%. This is virtually guaranteed; no speculation necessary.
That's what you wanted to know, right?
That's what you wanted to know, right?
we'll probably consolidate between $120 and $160 for most of next week. both bulls and bears are wrong.
--arepo
--arepo
Would you buy an iron butterfly at those strike prices (let's add $135 as the pivot)?
we'll probably consolidate between $120 and $160 for most of next week. both bulls and bears are wrong.
--arepo
--arepo
Quote
Not necessarily. If there is increased confidence in bitcoin by those who hold and mine them, such that they don't want to sell, the price will go up even with marginal inflow of fiat. We're all just collectively agreeing on price here, it could go to $10,000 tomorrow if there was (somehow) a consensus that that was the right price.
True, I was more thinking of the panic buying conditions recently experienced and the necessaries inflows required to keep inflating the price.
Bearish here. I don't see 160 been broken, but 120 ? Yes.
- You require an exponentially grown inflow of fiat to raise the price like what we saw at 266
Not necessarily. If there is increased confidence in bitcoin by those who hold and mine them, such that they don't want to sell, the price will go up even with marginal inflow of fiat. We're all just collectively agreeing on price here, it could go to $10,000 tomorrow if there was (somehow) a consensus that that was the right price.
Two things stuck with me in discussions lately:
I'm taking this to mean we are in a cool down period, there's no longer a rush to get cash in to the exchanges, and those getting ready to enter the market are behaving a bit more rationally and hoping for a lower entry point.
To me, from what I can see, we're going to have sideways action in the 120 to 160 range if there is volatility, but if we don't see either dumps of btc or fiat, then we'll probably have a narrower trading range from 120 to 140.
Steady as she goes Capt'n
- You require an exponentially grown inflow of fiat to raise the price like what we saw at 266
- It's only been good news in fundamentals since the flash crash
I'm taking this to mean we are in a cool down period, there's no longer a rush to get cash in to the exchanges, and those getting ready to enter the market are behaving a bit more rationally and hoping for a lower entry point.
To me, from what I can see, we're going to have sideways action in the 120 to 160 range if there is volatility, but if we don't see either dumps of btc or fiat, then we'll probably have a narrower trading range from 120 to 140.
Steady as she goes Capt'n
I think we will test BTC0.00667 again this week.
Wow BTC0.00667 per BTC? That's ~15000% profit per trade.
We'll be testing $0.15 this week.
We haven't finished the last week yet
Weekly closes:
2013-03-25 : $92.19
2013-04-01 : $142.63
2013-04-08 : $93
2013-04-15 : $126.6
2013-04-22 : $128
*2013-04-29 : $133
This side ways action is awesome. Call it consolidation or stability but it bodes very well.
A "real" bull market grinds the bears to death with small gains each week. Which appears to be what is happening...
Every day the blockchain is operating without issue, bitcoin becomes more valuable.
Weekly closes:
2013-03-25 : $92.19
2013-04-01 : $142.63
2013-04-08 : $93
2013-04-15 : $126.6
2013-04-22 : $128
*2013-04-29 : $133
This side ways action is awesome. Call it consolidation or stability but it bodes very well.
A "real" bull market grinds the bears to death with small gains each week. Which appears to be what is happening...
Every day the blockchain is operating without issue, bitcoin becomes more valuable.
I think we will test BTC0.00667 again this week.
Wow BTC0.00667 per BTC? That's ~15000% profit per trade.
I think we will test BTC0.00667 again this week.
Hard to predict what will happen, lots of people are preparing for a retest of 120 and sold (some of) their btc at 130-137 to time their new buy in point. If it rises tomorrow without going down first then things will become incredibly bullish because all these people who sold and expected a 120 retest will be jumping back on board to ride the train. 
Any predictions?
Prices will rise, not fall. Read more posts of rpietila.
haha nice.
I think it will drop around negative 50 dollars. Might drop even more, maybe negative 80.
I think imaginary (or complex in general) valuation is more probable than that. :-]
We might end the week up, but I am sticking to my view that there will be more action at 120 first
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