Well it still is lingering around $3. Err. well it lingered lower than I thought but still lingered. Typically from the end of the month through about the first two weeks in the month is when the price drops. I also think the end of November will be the very bottom because a month before the 2012 change, people will buy coins anticipating the change.
Of course I don't have any spare money to invest so I am more open to predict stuff since if I'm wrong, I don't lose anything. I probably won't have money till when the price is back up to $10 or even $20 then I buy coins unfortunately at a high rate.
Topic: Spike finished, going back to 2 - page 4. (Read 5221 times)
To me it looks like the manipulator is trying to push the price back up. He keeps putting his bid walls higher, He now has every .05 cents reinforced by over 5,000 bitcoins. Anytime bitcoin raises .05 cents, he reinforces .05 below that point with a big bidwall.
He probably is buying them at the spot price also.
I don't know how much money he is willing to invest at this point, but it has seemed he has unlimited funds and does not want to give up on bitcoin.
Without the manipulator we would be seeing less than $1.00 right now.
Bid 2.1 778.5
Bid 2.15 2107.83
Bid 2.2 5060.48
Bid 2.25 3184.2
Bid 2.3 2480.02
Bid 2.35 2012.49
Bid 2.4 5923.39
Bid 2.45 5576.28
Bid 2.5 26322.9
Bid 2.55 2886.89
Bid 2.6 6318.72
Bid 2.65 7649.42
Bid 2.7 6683.69
Bid 2.75 2568.1
Bid 2.8 537.93
He probably is buying them at the spot price also.
I don't know how much money he is willing to invest at this point, but it has seemed he has unlimited funds and does not want to give up on bitcoin.
Without the manipulator we would be seeing less than $1.00 right now.
Bid 2.1 778.5
Bid 2.15 2107.83
Bid 2.2 5060.48
Bid 2.25 3184.2
Bid 2.3 2480.02
Bid 2.35 2012.49
Bid 2.4 5923.39
Bid 2.45 5576.28
Bid 2.5 26322.9
Bid 2.55 2886.89
Bid 2.6 6318.72
Bid 2.65 7649.42
Bid 2.7 6683.69
Bid 2.75 2568.1
Bid 2.8 537.93
Here it goes, I am calling a spike up to 2.9 something in the next hour followed by a drop to 2.6, maybe 2.4 if the bidwall pulls out.
It's enough of a hassle to extract funds from the Bitcoin system into another currency that there will be residual wealth held in the micro-economy. If this is where that equilibrium forms, then all that's needed to maintain is a slow spread of awareness and experimental usage by Bitcoin neophytes; even if it's just a few thousand people (out of ~7 billion) buying a couple of BTC to see what it's all about.
Any significant interest generated and we could see another run up in exchange rates. It really wouldn't take much. Although the floor hasn't exactly become bedrock and there's a lot of technical damage yet to be repaired... still very precarious times for Bitcoin's early adoption phase.
It'll be interesting to see the extent that panic in the global economy at large affects Bitcoin.
Any significant interest generated and we could see another run up in exchange rates. It really wouldn't take much. Although the floor hasn't exactly become bedrock and there's a lot of technical damage yet to be repaired... still very precarious times for Bitcoin's early adoption phase.
It'll be interesting to see the extent that panic in the global economy at large affects Bitcoin.
I predicted the same thing at the start of the week, apparently stability has been reached for the time being. I think something new might be afoot now. Especially considering the period of almost perfectly flat stability on Oct 26. Price fluxuations for the last day and a half seem kinda odd. I am kind of expecting a big crash still, but I can't say I'm certain anymore.
Exactly how the most experienced people said! It's fun to watch but until bitcoin will have a solid economy, high prices can't be sustainable. We really need a more services and shops accepting BTC.
2.74 and 2.5 look good as bottom for at least the next week. i doubt it will go much lower than 2.0 at all anytime. im willing to bet some 5 BTC for it.
..so i was bored, and added some random lines to this chart
Exactly how the most experienced people said! It's fun to watch but until bitcoin will have a solid economy, high prices can't be sustainable. We really need a more services and shops accepting BTC.
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