Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27519.

AceWallen

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Quote from: ranlo on May 29, 2014, 03:01:24 AM

This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?

did you notice the last leg? the one that goes up and off the chart and past $1200? (this is a bitstamp chart) i think he's trying to say that we're going to the moon! Grin

dreamspark

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Quote from: JayJuanGee on May 29, 2014, 02:00:39 AM

Quote from: shmadz on May 28, 2014, 11:32:05 PM

Quote from: Adrian-x on May 28, 2014, 11:23:21 PM

Quote from: ?? on ??

Pulling a number literally from nowhere, it FEELS as if we are around 0.5%. Anyone have a more accurate number?

Don't do all super bull but if 1 in 20 wind up using Bitcoin in some way we are somewhere between 0.5 and 1% adoption. I'd think. Bitcoin won't have that much penetration but be happy if 1 in a 100 found it useful so maybe we're between 3 and 5 % total adoption or maybe you're a laggard, and we're bag holders. How long is a piece of string?

*to address the bolded part:

I think 1 in 20 gets us to 5% - just saying.

How do you figure this 5%?

He's misunderstanding what the poster was saying. Obviously 1 in 20 means 5% adoption but Adrian was saying if 5% ends up using it we are at 0.5-1% now.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: edwardspitz on May 29, 2014, 02:24:14 AM

Quote from: JayJuanGee on May 29, 2014, 01:53:26 AM

Quote from: edwardspitz on May 28, 2014, 11:57:38 PM

Quote from: shmadz on May 28, 2014, 11:36:55 PM

Quote from: edwardspitz on May 28, 2014, 11:29:04 PM

Quote from: shmadz on May 28, 2014, 11:09:11 PM

Quote from: edwardspitz on May 28, 2014, 11:05:51 PM

They sure have been dumping many coins into 3500 over the past 24 hours. Maybe they doing us a favor certifying that 3500 is very strong support. If it holds it should shoot straight up no?

As soon as my ~~money~~ fiat clears, I'm buying half, and setting the other half in a tranche back down to 450 (CAD on virtex)

I'm not giving advice, I'm just saying what I might hypthecically do.

*edit for clarity Cool

I'm currently 100% fiat and it doesn't feel good. I would love to get more coins, if the price goes up that is also nice

ok, I'm gonna stop posting now, cuz I'm probably just being stupid at this point, but if you are 100% fiat, how would the price going up be nice for you?

heavy into fiat has always been a scary place for me.

Increasing price will be seen as something positive by the public and the media. That will help adoption etc. Second I would love it if this article got it totally wrong: http://www.businessinsider.com/williams-bitcoin-meltdown-10-2013-12

We are already in mid 2014 now so we are actually close to proving Mr. Williams wrong.

If you are relying upon that article to make your bitcoin investment decisions, then you are likely going to miss the train.

Surely, we are all guessing to some degree about the direction of bitcoin prices; however, at this point, it seems you would be lucky to get coins in the lower $500s, or possibly in the upper $400s. Even though we currently have some downward priceward movement, it seems that within the next few weeks, BTC prices are going to stabilize $600 and beyond

If i relied on that article at all and invested in bitcoin at all I would be about as crazy as a member of a suicide cult. However I do agree that things are looking up a bit after last night where the bears in China again dumped into the wall at 3500 and again failed to bring the price down below that. There is so much resistance and I'm sure that the battle for the 1w MA and $600 can go on for a while. This was "just" round 3. If I only cared about profit I would prefer that the price went down, but on a personal level I would just like to see the bulls win this one.

I find your stated position difficult to understand. In essence, you are fairly confident that bitcoin prices are going to double digits - accordingly, you are NOT investing into bitcoin b/c you are convinced that bitcoin prices are soon going to plummet. yet, on the other hand, you would like bitcoin prices to rise b/c you have some kind of sympathy for the underdog. If that is your position, then it is a strange one, in my thinking.

dreamspark

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Quote from: Richy_T on May 29, 2014, 02:52:38 AM

The facebook thing makes a lot of sense. I got 1/10 of the way along writing an app that would have been able to be recoded to do that fairly easily (being able to award people points). Unfortunately, Facebook changed their API that would have removed a lot of the fun of using it so I shelved it.

Though personally, I'd be a bit wary of holding that much of other-peoples money (you will presumably have to load up before you can send any). Good luck to them though.

Yeah and you know what things are like on social media. If a video with a cat can be seen by 20 million through Facebook shares etc then any form of tipping on Facebook can only be a good thing!

ranlo

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Quote from: molecular on May 29, 2014, 02:35:12 AM

I present the Matroska Cup & Handle pattern:

$1000 bitcoin party around October... see you there Wink

EDIT: which, by the way, has worked before very well:

Quote from: molecular on November 02, 2013, 02:40:50 AM

can there be a cup & handle inside a cup & handle ?

This is a pretty interesting pattern. So you're speculating at this point that we still won't reach our previous ATH this year?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

MICRO

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CEO @ Stake.com and Primedice.com

Quote from: molecular on May 29, 2014, 02:35:12 AM

I present the Matroska Cup & Handle pattern:

$1000 bitcoin party around October... see you there Wink

EDIT: which, by the way, has worked before very well:

Quote from: molecular on November 02, 2013, 02:40:50 AM

can there be a cup & handle inside a cup & handle ?

Hm... Interesting. Never saw this before. But looks promising . I will save link to ur post, and check it in October to se how close u are

.

molecular

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Quote from: AceWallen on May 29, 2014, 02:51:21 AM

i must say, that first cup and handle seems far more speculative than the one you pointed out in november. that's not to say that i wouldn't LOVE to see a rocket to $1k right now.

It seemed pretty speculative to me back in November, too.

Let's look back from Christmas and see how it went.

Richy_T

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The facebook thing makes a lot of sense. I got 1/10 of the way along writing an app that would have been able to be recoded to do that fairly easily (being able to award people points). Unfortunately, Facebook changed their API that would have removed a lot of the fun of using it so I shelved it.

Though personally, I'd be a bit wary of holding that much of other-peoples money (you will presumably have to load up before you can send any). Good luck to them though.

AceWallen

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Activity: 479

Merit: 500

i must say, that first cup and handle seems far more speculative than the one you pointed out in november. that's not to say that i wouldn't LOVE to see a rocket to $1k right now.

molecular

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I present the Matroska Cup & Handle pattern:

$1000 bitcoin party around October... see you there Wink

EDIT: which, by the way, has worked before very well:

Quote from: molecular on November 02, 2013, 02:40:50 AM

can there be a cup & handle inside a cup & handle ?

Gimmelfarb

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Quote from: kurious on May 29, 2014, 02:27:39 AM

Quote from: BitChick on May 28, 2014, 07:49:42 PM

Quote from: adamstgBit on May 28, 2014, 07:31:29 PM

bids are doing the tsunami, blast off looks imminent

cant wait to give all my friends 10bits with the new FB app coming out soon.

Like

Just went to try to register the domains 'facecoin.com' and 'facebits.com'

Too late - should have thought of it a year or two ago Sad

oh well. my thinking here is that it's probably for the best that we don't start conflating facebook with bitcoin. let's get these folks off on the right foot. just a thought. Cheesy

kurious

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Quote from: BitChick on May 28, 2014, 07:49:42 PM

Quote from: adamstgBit on May 28, 2014, 07:31:29 PM

bids are doing the tsunami, blast off looks imminent

cant wait to give all my friends 10bits with the new FB app coming out soon.

Like

Just went to try to register the domains 'facecoin.com' and 'facebits.com'

Too late - should have thought of it a year or two ago Sad

edwardspitz

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