Some perspective (note we're down from $172 to $164 almost 2 days ago):
Are you my long lost doppelganger? And if so, are you the evil of the good one ?
hey hey hey... beat me to it.
Topic: Is anyone worried how fast BTC is climbing in price? - page 6. (Read 8435 times)
Are you my long lost doppelganger? And if so, are you the evil of the good one ?
hey hey hey... beat me to it.
So,
Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
The Silk Road crash jerked us out of stability. The price is trying to find its new home.
Some perspective (note we're down from $172 to $164 almost 2 days ago):
Are you my long lost doppelganger? And if so, are you the evil of the good one ?
Some perspective (note we're down from $172 to $164 almost 2 days ago). "Losing stability"?
So,
Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
Let me offer some perspective: Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zl
And no, looking in log-scale is not "cheating". Going from 1 to 1.8 is just as spectacular as going from 100 to 180.
Nope, I don't trade bitcoin for "useless" fiat fraudster paper very often. I do flip altcoins, however. In future speculation I will keep a close eye on the gold price too, because if both bitcoin and gold are exploding versus USD, that is a clear sign of USD collapsing rather than commodities simply bubbling up.
You wouldn't want to buy my cold-stored bitcoin from me anyway because you can buy it on an exchange like Bitstamp or Coinbase for less than 0,1% of the price. (Put another way, by the time my time comes round to selling BTC en masse, there won't be any need to.)
You wouldn't want to buy my cold-stored bitcoin from me anyway because you can buy it on an exchange like Bitstamp or Coinbase for less than 0,1% of the price.
(Put another way, by the time my time comes round to selling BTC en masse, there won't be any need to.)I totally agree, Gold (though, the price is totally manipulated nowadays) and bitcoin (and a basket of currencies GBP/YEN/EUR/CHF and AUD) you will know its going south.
But for gold it's easy to know whats happening now. Governments colude to keep it down to avoid panic. This baby (printing fiat like there is no tomorrow) will keep working as long as suckers are buying it. So far its the chinese, but there are a lot of other countries buying it to.
HOWEVER, if BTC is now being manipulated, in order to keep selling the Miners, that would not be a hard thing to do at all. To get a bit of momentum going.
I think the difficulty level increase on Friday was a catalyst point. For the very first time, a shit load of KnC pre-buyers just got a new caluculation as to how BAD their investment was.
So somebody had to do something. I watching ebay.co.uk on the day, and the bids were going up up up and away for IN HAND BFL/KnC miners. But when the difficulty went up, the bids dried up FAST. It was crazy,
http://www.ebay.ie/itm/Knc-Miner-Saturn-IN-HAND-Bitcoin-Asic-275-Gh-sec-/251357439341
The Bids for this Saturn were going for like 2 TIMES the price of a Jupiter. Then when difficulty rose, the bids seemed to stop and people started getting cooler heads.
So, I guess, KNC/BFL/ETC (Since they have all this extra money now laying around in pre-orders) might have had a temptation to spark some momentum and raise the price, so it would seem like mining was still a profitable experience.
But SHIT, are you trying to tell me that Jupiter and Saturn are profitable when we are in a parabolic state?
i think a lot of people are going to get hurt.
Then again, maybe this is going to go the way of the internet stocks and google, and we see BTC at 900 very shortly, because the current moment got some international news coverage.
i dunno, all i know, is that THIS is the way we do it on equities. We start momentum and get PR all over it. And sell HI
BTC is being raped I think. Because we are able to manipulate it with FIAT. I don't think Wei Dei (or satoshi) though of this one!!
Price of BTC = Mining PreOrder Sales/difficulty level LOL
I'm a bit worried. 
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
This is parabolic now is it not?
I'm a bit worried.
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
This is parabolic now is it not?
Nope, I don't trade bitcoin for "useless" fiat fraudster paper very often. I do flip altcoins, however. In future speculation I will keep a close eye on the gold price too, because if both bitcoin and gold are exploding versus USD, that is a clear sign of USD collapsing rather than commodities simply bubbling up.
You wouldn't want to buy my cold-stored bitcoin from me anyway because you can buy it on an exchange like Bitstamp or Coinbase for less than 0,1% of the price. (Put another way, by the time my time comes round to selling BTC en masse, there won't be any need to.)
You wouldn't want to buy my cold-stored bitcoin from me anyway because you can buy it on an exchange like Bitstamp or Coinbase for less than 0,1% of the price.
(Put another way, by the time my time comes round to selling BTC en masse, there won't be any need to.)
I'm a bit worried.
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
Took some decent profits already... had to, really. It went up so quickly while I was sleeping I couldn't move my limit orders... still got plenty to sell if this goes parabolic, though.
So,
Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
Like 150 a day after difficulty goes up, 180 2 days later, heavy volume on MTgOX.
Is this not worrying anyone?
Who is injecting all this money anyway?
Is the ASIC producers in China trying to keep the value up to sell the miners?
It's looking like quite a bubble. And so far there is very little "Technical Analysis" type chart formatiations in the past. Maybe the daytraders are taking over?
We are losing stability here, I think.
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