Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 32707. (Read 26469575 times)

Quote from: Spaceman_Spiff on July 07, 2013, 02:27:39 PM

Quote from: Kazu on July 07, 2013, 03:56:20 PM

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.

Oh, ok.

I still think that $57 will be the bottom though.

indeed

to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash

now if we only wait a few months, if the pattern hold we be up 1,000% Cheesy

Haha

Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself.

Not worried at all during the fork, I bought a lot in fact.

Spaceman_Spiff

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Quote from: Spaceman_Spiff on July 07, 2013, 03:46:25 PM

If anybody wants a laugh, you can always rewatch this piece of brilliant journalism : http://www.bloomberg.com/video/bitcoin-the-anarchist-virtual-currency-12Je7jeKQZmn~Hx1YaNitQ.html

Fastforward to 3:10 for the good stuff Grin

.

Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?

Now that you mention it, it sounds that way

.
Damn, I wish I was around in the studio at that time, would have gladly sold him a bitcoin or two Grin

.

EDIT: he might have meant "if a bitcoin becomes worth $80k, you can see how much those 5000 bitcoins would be worth".

adamstgBit

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Quote from: Kazu on July 07, 2013, 03:50:25 PM

Quote from: adamstgBit on July 07, 2013, 03:44:17 PM

Quote from: Spaceman_Spiff on July 07, 2013, 02:27:39 PM

Quote from: Spaceman_Spiff on July 07, 2013, 03:46:25 PM

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.

Oh, ok.

I still think that $57 will be the bottom though.

indeed

to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash

now if we only wait a few months, if the pattern hold we be up 1,000% Cheesy

Haha

Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself.

bitcoin is very robust, even in the mists of a complete melt down, you can rest assured that your tx will go through, as soon as the bug fix version is issued Cheesy

it's truly amazing what we have here,
bitcoin is definitely the first of a kind.

Kazu

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If anybody wants a laugh, you can always rewatch this piece of brilliant journalism : http://www.bloomberg.com/video/bitcoin-the-anarchist-virtual-currency-12Je7jeKQZmn~Hx1YaNitQ.html

Fastforward to 3:10 for the good stuff Grin

.

Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?

Dalib

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Quote from: adamstgBit on July 07, 2013, 03:44:17 PM

Quote from: Spaceman_Spiff on July 07, 2013, 02:27:39 PM

Quote from: adamstgBit on July 07, 2013, 03:44:17 PM

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.

Oh, ok.
I still think that $57 will be the bottom though.

indeed
to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash
now if we only wait a few months, if the pattern hold we be up 1,000% Cheesy

However, the one who bought after 2011 at the bottom, he has +1900 % even after the latest fall !!! Shocked

Kazu

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Quote from: Spaceman_Spiff on July 07, 2013, 02:27:39 PM