this what i'm talking about.
quickly bear heres your chance DUMP DUMP DUMP!!!
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31772. (Read 26609057 times)
November 20, 2013, 02:02:28 PM
this what i'm talking about.
quickly bear heres your chance DUMP DUMP DUMP!!!
November 20, 2013, 02:01:41 PM
November 20, 2013, 02:01:39 PM
stop thinking bitcoin is going XXXXX% a year
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
Well, it is five years old, yes new still, but not yesterday new. Think of all the years it took cell phones and the internet to really take off, there is still so much growth potential it is incredible. this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
November 20, 2013, 02:00:57 PM
Otherwise the common wisdom does not hold, and 2010 is back.
Care to elaborate on how/why 2010?He is shorting at BtcChina. So only way how to get money out is buy back bitcoins. (usually with a loss) :-)
November 20, 2013, 02:00:49 PM
hahaha bears are dying!
FUCK YA!
what makes you say thatFUCK YA!
i see the bids pilling up already..
sure its likly the dumb bear isnt done, we all know that, no one cares tho
November 20, 2013, 02:00:04 PM
Today reminded me how vulnerable bitcoin really is at times. It was going up so strong you could have been fooled into thinking $500 was gone forever. Major eye opener. I'm glad I was here to experience it.
November 20, 2013, 01:59:09 PM
hahaha bears are dying!
FUCK YA!
what makes you say that FUCK YA!
November 20, 2013, 01:56:07 PM
hahaha bears are dying!
FUCK YA!
You bought in again?FUCK YA!
still trying, but i have coins....
November 20, 2013, 01:55:27 PM
hahaha bears are dying!
FUCK YA!
You bought in again? FUCK YA!
November 20, 2013, 01:54:18 PM
hahaha bears are dying!
FUCK YA!
FUCK YA!
November 20, 2013, 01:46:56 PM
Otherwise the common wisdom does not hold, and 2010 is back.
Care to elaborate on how/why 2010? November 20, 2013, 01:44:07 PM
stop thinking bitcoin is going XXXXX% a year
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
That's what we were saying when it was at $10
November 20, 2013, 01:43:35 PM
Bitcoin is appreciating at 1140% per year. The trendline price for November is $328 and December $404. After several months of significantly behind the trend, we did a spectacular overshoot to $1100/$900/$750 across main exchanges. Immediately followed an hourly-term bear market, characterized by (mainly) lower highs and lower lows. We are now 40 hours after the pop.
Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it.
Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down.
In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over
It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day.
I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max).
I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours).
I give 75% probability to the scenario.
Otherwise the common wisdom does not hold, and 2010 is back.
Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it.
Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down.
In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over
It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day.I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max).
I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours).
I give 75% probability to the scenario.
Otherwise the common wisdom does not hold, and 2010 is back.
Are you SURE it wasn't just that person putting up and pulling the phantom sell walls causing the price to temporarily decrease?
November 20, 2013, 01:43:25 PM
Bitstamp Support
18th Nov., 2013
Banking software issues *RESOLVED*
Dear Bitstamp clients, We are currently experiencing some problems with our banking software. As a result, deposits and withdrawals may be delayed. We expect this issue to be solved be resolved tomorrow or the next day. We kindly ask our customers with pending transfers to remain patient and refrain from submitting additional support tickets on the matter. We will announce as soon as this issue gets resolved. Thank you for your understanding.
UPDATE: This issue has been resolved. All pending transfers are being processed.
Best regards,
The Bitstamp team
https://www.bitstamp.net/
18th Nov., 2013
Banking software issues *RESOLVED*
Dear Bitstamp clients, We are currently experiencing some problems with our banking software. As a result, deposits and withdrawals may be delayed. We expect this issue to be solved be resolved tomorrow or the next day. We kindly ask our customers with pending transfers to remain patient and refrain from submitting additional support tickets on the matter. We will announce as soon as this issue gets resolved. Thank you for your understanding.
UPDATE: This issue has been resolved. All pending transfers are being processed.
Best regards,
The Bitstamp team
https://www.bitstamp.net/
November 20, 2013, 01:41:11 PM
A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Mmmm, I remember the days when I was nearer the top of your distribution list, and thought I could make a quick buck, and then Bitcoin jumped 2 orders of magnitude and became my legendary big fish.
I think the panic buying starts in the $1000 range this time around.
Please just because I enjoy your contributions, never go all in on fiat always hold a little Bitcoin in reserve.
So you're all out at a
I've been buying back in, net worth is up net Bitcoin balance is down an order of magnitude.
November 20, 2013, 01:40:35 PM
Bitcoin is appreciating at 1140% per year...
+1 It's just physics (thermodynamics and Black-Scholes for the mathy). I usually believe in that kinda kooky stuff.
We agree, and I quite enjoy your analysis, contribution and commentary. :-)
November 20, 2013, 01:40:30 PM
All this attention bitcoin is getting is great, but there's one thing missing for mass adoption/speculation: a reliable market. Mt.gox? lol. Bitstamp? Shady. Btc-china? It's in China. BTC-e? It's in Russia for christ sake. Until then I just don't see it happening.
this is an american problem
everyone else can get their money out.
November 20, 2013, 01:39:44 PM
All this attention bitcoin is getting is great, but there's one thing missing for mass adoption/speculation: a reliable market. Mt.gox? lol. Bitstamp? Shady. Btc-china? It's in China. BTC-e? It's in Russia for christ sake. Until then I just don't see it happening.
November 20, 2013, 01:39:21 PM
Otherwise the common wisdom does not hold, and 2010 2011 is back.
I agree with your sentiments, my observation of the June 2011 bubble is it went so far off the trend line that it took a long time to catch up. We are now on track, but at any moment something fundamental may change, and we may see a demand spike of 2 orders of magnitude followed by a 12-16 month bear market. If you dumped Bitcoin, I dumped some fiat, make good use of it.
November 20, 2013, 01:37:17 PM
Thanks for sharing with me oda, I think your view's reasonable even though it's so hard to predict time. Will be interesting to see how common it is: https://bitcointalksearch.org/topic/market-cap-in-2016-340980
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