Rally!! - page 4. | Bitcointalksearch.org

plastic.elastic

full member

Activity: 168

Merit: 100

Quote from: Dan The Man on November 29, 2011, 12:17:42 PM

2.7 Is the buy point. 2.85 is the sell point. Expect things to level out for a few days, then rise up again to about 2.9 maybe then back to the long slow downward march. I figure it will settle in around 2.7 by mid Dec. I have no idea what kind of effect Christmas will have on things though.

Maybe you should take more pills to tell us further about the future.

Heck take the whole bottle and tell us whats happening in 2013

slush

legendary

Activity: 1386

Merit: 1097

Quote from: phorensic on November 29, 2011, 12:10:22 PM

Thank you again ~~manipulator~~ bitcoinica margin calls!

Dan The Man

hero member

Activity: 672

Merit: 500

2.7 Is the buy point. 2.85 is the sell point. Expect things to level out for a few days, then rise up again to about 2.9 maybe then back to the long slow downward march. I figure it will settle in around 2.7 by mid Dec. I have no idea what kind of effect Christmas will have on things though.

phorensic

hero member

Activity: 630

Merit: 500

Quote from: RyNinDaCleM on November 29, 2011, 11:34:02 AM

And, that be profit takin'! Shocked

I need it to correct just a little bit more and I can take my profits. Nice little bubble to trade on. Thank you again manipulator!

RyNinDaCleM

legendary

Activity: 2408

Merit: 1009

Legen -wait for it- dary

And, that be profit takin'! Shocked

P4man

hero member

Activity: 518

Merit: 500

Quote from: Vandroiy on November 29, 2011, 07:39:20 AM

The larger it gets, the ~~better~~ richer the speculators are who destabilize it. Two, that people ~~are hellishly afraid~~ love nothing more than large price fluctuations.

Fixed that for you.

ultima

member

Activity: 96

Merit: 10

CHF has been pegged to EUR for a few months now. Basically it is the same thing, just different image on the paper now.

Vandroiy

legendary

Activity: 1036

Merit: 1002

Quote from: wobber on November 29, 2011, 05:08:12 AM

No major business will accept it as money if today it's 102 and tomorrow 106. Only if they cash out everything every evening.

Sounds like businesses would cease to accept Euro some time soon? Grin

USD/EUR exchange rate: 1.41 on 31th of October to 1.36 on 1st of November. That's about 3.68%, your example is 3.92%.

I think there are two wrong assumptions around. One, that a large Bitcoin would be unstable. Why should it be? The larger it gets, the better the speculators are who stabilize it. Two, that people are hellishly afraid of price fluctuations. These swings can go both ways, so unless a business puts all eggs into one basket, this is not a problem on the long run.

Once matured, Bitcoin has the advantage in terms of stability, at least when compared with EUR, USD and gold. CHF might be a worthy opponent, but just wait until any strange politics hit Switzerland, possibly by a jealous EU.

wobber

legendary

Activity: 1064

Merit: 1001

Breaking the $3 resistance will be very important and tough but I think we might see a reversal after this. Also if we break above 8-10 I'll reconsider Bitcoin as a currency. It will be more and more a commodity/investment. No major business will accept it as money if today it's 102 and tomorrow 106. Only if they cash out everything every evening.

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: ElectricMucus on November 27, 2011, 05:27:38 PM

Just the silly fact that bitcoincharts uses GMT 00:00 to get to a new day "open, close" prices. The last days especially the dojis all had a small fight right before it which the bulls have won. Which is why we had a full week "up", but prices didn't go above the high of the gravestone doji at the beginning at the rally.
We now have unusual high volume for the time. So I expect a bigger fight.

I'm not talking about new highs or lows just higher or lower than yesterday on 23:59:59 GMT..

Funny how the charting UIs can be a significant factor in bitcoin valuation. It used to be that $2.38 was the magic spot where the $2.00 bidwall would disappear off of the MtGoxlive chart, and the price tended to hover around $2.35-$2.40. Now there's been a change on MtGoxLive, and $2.00 bidwall is visible up until $2.50, and now the price is hovering around $2.50.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: BTCurious on November 27, 2011, 05:20:54 PM

Quote from: ElectricMucus on November 27, 2011, 05:10:00 PM

The coming 2 hours gonna be interesting

What makes you so sure that it has to happen within two hours? (Just curious)

Just the silly fact that bitcoincharts uses GMT 00:00 to get to a new day "open, close" prices. The last days especially the dojis all had a small fight right before it which the bulls have won. Which is why we had a full week "up", but prices didn't go above the high of the gravestone doji at the beginning at the rally.
We now have unusual high volume for the time. So I expect a bigger fight.

I'm not talking about new highs or lows just higher or lower than yesterday on 23:59:59 GMT..

BTCurious

hero member

Activity: 714

Merit: 504

^SEM img of Si wafer edge, scanned 2012-3-12.

Quote from: ElectricMucus on November 27, 2011, 05:10:00 PM

The coming 2 hours gonna be interesting

What makes you so sure that it has to happen within two hours? (Just curious)

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

The coming 2 hours gonna be interesting, an even if it means nothing really bulls and bears are fighting over todays volume like mad.
The bulls can't let the bears win because 2 red days would be interpreted buy the masses as a failed rally and bears because they can't reach 2 or below anytime soon if they don't establish a downtrend.

Interesting how such a arbitrary point in time can mean so much to people Shocked

wobber

legendary

Activity: 1064

Merit: 1001

350k usd in bid? What the hell is that?

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: Bigpiggy01 on November 25, 2011, 12:06:59 AM

Quote

I am mostly bearish as well but even I see it is not the best time to short...

Things could get interesting quite quickly atm Wink

Only in one direction, I think. I doubt we'll ever see prices above $3 again.

Bigpiggy01

hero member

Activity: 1138

Merit: 523

Quote

I am mostly bearish as well but even I see it is not the best time to short...

Things could get interesting quite quickly atm Wink

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: proudhon on November 24, 2011, 07:29:02 PM

Haha, nice rally guys. Almost back to pre-rally prices.

Let me guess you have a short position which is too low for current circumstances?

That wasn't a rally. that was a spike. It went down to the baseline of the rise since 2.2, as expected. I doubt as well this will turn out to be a rally (by my definition that would go back over 3)
But there could be some upside before the drop.

I am mostly bearish as well but even I see it is not the best time to short...

proudhon

legendary

Activity: 2198

Merit: 1311

Haha, nice rally guys. Almost back to pre-rally prices.

Dan The Man

hero member

Activity: 672

Merit: 500

Nothing is every surprising after it happens

Technomage

legendary

Activity: 2184

Merit: 1056

Affordable Physical Bitcoins - Denarium.com

Indeed, seems like there is some kind of a rally going on. Not surprising to me, the pressure has been building up for days.

Topic: Rally!! - page 4. (Read 7767 times)