major breakout imminent! - page 5. | Bitcointalksearch.org

notme

legendary

Activity: 1904

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Quote from: blablahblah on April 17, 2012, 11:49:47 AM

Well I would say history is about to repeat itself and that Bitcoin's about to go to $100 Cheesy

(at the arbitrary value of 1BTC = 100 million Satoshis -- how did the developers know where to put the decimal point?)...
but I still can't order pizza online for Bitcoin, so the rally is cancelled. Angry

The decimal point was arbitrary and fairly irrelevant to the functioning of the system. If 1 Satoshi becomes too valuable, we can upgrade to x > 8 significant digits after the decimal.

waspoza

hero member

Activity: 602

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Firstbits: 1waspoza

Quote from: blablahblah on April 17, 2012, 11:49:47 AM

but I still can't order pizza online for Bitcoin, so the rally is cancelled. Angry

You cannot also order pizza for gold, which does not prevent the gold from keeping good value.

blablahblah

hero member

Activity: 775

Merit: 1000

Well I would say history is about to repeat itself and that Bitcoin's about to go to $100 Cheesy

(at the arbitrary value of 1BTC = 100 million Satoshis -- how did the developers know where to put the decimal point?)...
but I still can't order pizza online for Bitcoin, so the rally is cancelled. Angry

Dan The Man

hero member

Activity: 672

Merit: 500

Quote from: Crypt_Current on April 16, 2012, 06:56:25 PM

Quote from: Dan The Man on April 16, 2012, 01:52:46 PM

Looking at all data on a log scale, today is very similar to one year ago today. There was a very sudden spike (up to $1 vs up to $32), then a slow, decline but not all the way to prespike levels. Then a second slower resurgence that kind of peetered out. Then a relatively flat stretch until a big surge which brings us back to the first spike.

Hi Dan; I haven't seen your name around here in a while, but then I've been on a break from this board myself.

Can you provide a chart or otherwise pretty graphic of the comparison you described above? Maybe put some arrows on it and stuff. I don't have anything to donate so if you don't want to or don't have time, I understand. I kind of just want it more for the newbs than anything.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: blablahblah on April 16, 2012, 07:07:58 PM

Quote from: bb113 on April 15, 2012, 10:41:39 AM

rallies are being suppressed by "manipulators".

The FED's way of saying "welcome to the threat-to-the-US-dollar currency club!" ? Cheesy

Eat these crypto-bullets, you vampires!

blablahblah

hero member

Activity: 775

Merit: 1000

Quote from: bb113 on April 15, 2012, 10:41:39 AM

rallies are being suppressed by "manipulators".

The FED's way of saying "welcome to the threat-to-the-US-dollar currency club!" ? Cheesy

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Quote from: Dan The Man on April 16, 2012, 01:52:46 PM

Looking at all data on a log scale, today is very similar to one year ago today. There was a very sudden spike (up to $1 vs up to $32), then a slow, decline but not all the way to prespike levels. Then a second slower resurgence that kind of peetered out. Then a relatively flat stretch until a big surge which brings us back to the first spike.

Hi Dan; I haven't seen your name around here in a while, but then I've been on a break from this board myself.

Can you provide a chart or otherwise pretty graphic of the comparison you described above? Maybe put some arrows on it and stuff. I don't have anything to donate so if you don't want to or don't have time, I understand. I kind of just want it more for the newbs than anything.

Dan The Man

hero member

Activity: 672

Merit: 500

Looking at all data on a log scale, today is very similar to one year ago today. There was a very sudden spike (up to $1 vs up to $32), then a slow, decline but not all the way to prespike levels. Then a second slower resurgence that kind of peetered out. Then a relatively flat stretch until a big surge which brings us back to the first spike.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

I'd go as far as to tentatively say up atm Grin

arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: bb113 on April 15, 2012, 10:41:39 AM

Sorry about the misunderstanding. The blame lies completely with me for being cryptic. I am pretty much agreeing with you. I meant there has been low volatility because rallies are being suppressed by "manipulators". It is actually a pretty dumb post.

i, too, apologise. seems i have been accused of trying to manipulate sentiment one too many times.

Quote from: hazek on April 15, 2012, 04:32:49 PM

How come those analyzing charts never analyse the volume?

many indicators work volume into account. further, when i post here my analyses are intentionally incomplete, mostly for brevity. my actual analyses consist of far more indicators as well as real-world events. i usually only post when i notice a clear, communicable prediction demonstrated by a number of related indicators (see my last thread regarding oscillators).

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

why are you even looking at the bitcoinica orderbook, everyone knows it's fake

teflone

hero member

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You're fat, because you dont have any pics on FB

Looks more than that.. :O

GoWest

hero member

Activity: 563

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betwithbtc.com

There's an order for 16,000 BTC @ 4.96 on Bitcoinica.

https://bitcoinica.com/pages/order_book

hazek

legendary

Activity: 1078

Merit: 1003

How come those analyzing charts never analyse the volume?

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

Quote from: Bigpiggy01 on April 15, 2012, 12:11:56 PM

Quote

Sellers have been waiting to buy below $3.8 (and growing increasingly impatient), but I doubt that Mr M will be selling coins for cheaper than he paid (he is much more patient). Those who sold at the low end up buying higher - not the reverse.

+1 I'd really like to see that come into play. But we need a fairly serious volume build up for btc to kick into fullblown rally mode.

Right. So the question is whether there's already enough 'dry powder' to kick the volume up, or if there will be a sell-off first.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote

Sellers have been waiting to buy below $3.8 (and growing increasingly impatient), but I doubt that Mr M will be selling coins for cheaper than he paid (he is much more patient). Those who sold at the low end up buying higher - not the reverse.

+1 I'd really like to see that come into play. But we need a fairly serious volume build up for btc to kick into fullblown rally mode.

bitcoinBull

legendary

Activity: 826

Merit: 1001

rippleFanatic

I think the huge volume down on Feb 13-16 (300k BTC alone on one day) was the seller climax. Mr M bought most of those coins.

Sellers have been waiting to buy below $3.8 (and growing increasingly impatient), but I doubt that Mr M will be selling coins for cheaper than he paid (he is much more patient). Those who sold at the low end up buying higher - not the reverse.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Following careful consultation of gentleman Johnnie Walker I agree Grin

We're going to move somewhere. Atm though it's looking slightly down judging by the current volume Angry

Sitarow

legendary

Activity: 1792

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Quote from: bb113 on April 15, 2012, 10:41:39 AM

Quote from: arepo on April 15, 2012, 02:35:54 AM

Quote from: bb113 on April 15, 2012, 02:19:10 AM

I would suppress too.

i'm not sure what you're getting at, but i can edit out the last line if you think i'm attempting some kind of shameless manipulation. i would urge individuals who don't already hold a position to get into one, as well, which is not 'suppression'. since i clearly do not espouse a direction, regardless of whether or not the last line is a 'trading suggestion' i don't even think i'm breaking the new draconian forum rules.

so bugger off, i'll stop posting analysis altogether if i keep getting such negative feedback, and then everybody loses Tongue

Sorry about the misunderstanding. The blame lies completely with me for being cryptic. I am pretty much agreeing with you. I meant there has been low volatility because rallies are being suppressed by "manipulators". It is actually a pretty dumb post.

The suppressing of market price from going over $5 USD may be to protect someones position in Bitcoinica. However that will be short lived. Just as last year this time other factors played in keeping the "Mania" at bay. And yes it still failed.

Positions change regularly.

All things are cyclical even the Bitcoin "Economy". Therefore speculators are getting ready to predict the pendulum swing "bull" or "bear".

bb113

hero member

Activity: 728

Merit: 500

Quote from: arepo on April 15, 2012, 02:35:54 AM

Quote from: bb113 on April 15, 2012, 02:19:10 AM

I would suppress too.

i'm not sure what you're getting at, but i can edit out the last line if you think i'm attempting some kind of shameless manipulation. i would urge individuals who don't already hold a position to get into one, as well, which is not 'suppression'. since i clearly do not espouse a direction, regardless of whether or not the last line is a 'trading suggestion' i don't even think i'm breaking the new draconian forum rules.

so bugger off, i'll stop posting analysis altogether if i keep getting such negative feedback, and then everybody loses Tongue

Sorry about the misunderstanding. The blame lies completely with me for being cryptic. I am pretty much agreeing with you. I meant there has been low volatility because rallies are being suppressed by "manipulators". It is actually a pretty dumb post.

Topic: major breakout imminent! - page 5. (Read 9274 times)