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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27703. (Read 26717246 times)

legendary
Activity: 1470
Merit: 1007
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.

I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!

A pump and dump would mean it would go rocket through $500 and end up at $460,-. It did not.

This is getting a bit of a semantic discussion, no?

Volume has been, well, okay so far. Better than the week(s) before, worse than what you'd really want to see to be sure it's not going to go down again. There's evidence in my opinion that it's a more natural increase this time, not merely driven by a rubber band effect from the latest flash-crash-followed-by-mean-reversion-recovery, but I also want to say that considering where we are now, we have plenty of bearish sentiment to shake off, so being skeptical is not a bad idea.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 238
Merit: 100
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.

I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!

A pump and dump would mean it would go rocket through $500 and end up at $460,-. It did not.

Wait, but couldnt we have still another leg up to make, and then maybe comes the dump? It didnt rocket through 500 on the first leg either...
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
full member
Activity: 238
Merit: 100
So it appears Peter Schiff has finally wrapped his mind around Bitcoin:

http://blog.europacmetals.com/2014/05/euro-pacific-precious-metals-now-accepts-bitcoin/

Even the most vocal haters are coming around and embracing bitcoin. Yup, this next rally is going to be epic.

So bottom is in? epic rally from here? Ive been telling everyone these have just been bear traps but that is only because i am a perma bull. Cool
sr. member
Activity: 308
Merit: 250
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.

I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!

A pump and dump would mean it would go rocket through $500 and end up at $460,-. It did not.
donator
Activity: 2772
Merit: 1019
sr. member
Activity: 350
Merit: 253
So it appears Peter Schiff has finally wrapped his mind around Bitcoin:

http://blog.europacmetals.com/2014/05/euro-pacific-precious-metals-now-accepts-bitcoin/

Even the most vocal haters are coming around and embracing bitcoin. Yup, this next rally is going to be epic.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
I've no doubt that impressive growth is possible. But I'm slightly cautious of equating speculators' with regular punters' money. It could easily be an order of magnitude bigger.
But there's no arguing with people who use that kind of language.
(Perhaps you could clarify the terms - I assume M = market cap, n = number of adopters, k is your constant?)

Yes.

BTC speculation to date has been limited to the extreme margins of motivated, informed speculators with massive risk tolerance and a visionary posture.  That's a pretty rarefied atmosphere.  Historically, the major enabling factors for expansion have been expansions in the carrying capacity of the channel for fiat inflows.  I take it as a given that one or more major capital markets will offer a public liquidity vehicle for custodial BTC in the next 6 to 12 months, so I think it's pretty safe to say that 18 months would be an extreme upper bound for the next bubble onset, which is likely to be a doozy -- a word which historically referred to the Deusenberg motorcar.

I have said these things many times, as have many others, I am sure, but when someone expresses a perplexity, and these points seem helpful to provide an accurate form of clarity, I will supply a reminder.  Accurate conviction on points of minority knowledge is a wonderful thing.  Since I am fully charged for the time-being, I have every reason to propagate this boon where possible.  You can bin me with the uberbulls a la Risto.  I don't mind at all.


full member
Activity: 238
Merit: 100
Not a pump and dump. Its a dump and pump!!! Dont get caught in the bear trap yall, it aint good for your health. Cool
sr. member
Activity: 476
Merit: 250
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.

I'm still kind of thinkin it was a pump and dump. But that doesnt mean we cant get one more leg up! A nice dip from 500 could have been a nice bull flag though and a nice place to get a leveraged long in!
sr. member
Activity: 308
Merit: 250
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
legendary
Activity: 1638
Merit: 1001
₪``Campaign Manager´´₪
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Yeah, looks like it wants to go to $550 for now.
legendary
Activity: 896
Merit: 1000
I sure hope the next jump is coming soon; looks like it could be in the next hour or so
legendary
Activity: 1470
Merit: 1007
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.

Same though here. ~470 is something I really expected (and still could happen). Back to 450, without bouncing up, and I'd start worrying that it was a pump&dump after all.
hero member
Activity: 686
Merit: 500
Ultranode
6 billion market cap + 11 million bid sum on Stamp = lol.

Stop over complicating things.
sr. member
Activity: 308
Merit: 250
Seems we have flattened here at 490-495, kinda thought we might dip and make a nice flag. Dont really know what to think. Any thoughts on where were going from here? (besides the proverbial moon)

Just catching our breath after a big day. I'm surprised it didn't slip further.

This.

I thought we would settle down at +-$475 before going into a rally in a few days. It's hodling pretty nice up there.
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