Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33314.

legendary

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Quote from: bobdude17 on May 17, 2013, 01:31:03 AM

Quote from: rpietila on May 17, 2013, 01:04:44 AM

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

He's talking about mBTC. In other words a million dollars per bitcoin as peak valuation.

Jaroslaw

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supernode

Quote from: rpietila on May 17, 2013, 01:11:27 AM

Quote from: N12 on May 17, 2013, 01:06:58 AM

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

Go back to mental instytution Cheesy

bobdude17

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Quote from: rpietila on May 17, 2013, 01:04:44 AM

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

As in you are taking back the 300k prediction?

adamstgBit

legendary

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Trusted Bitcoiner

Quote from: drdanishkhan on May 17, 2013, 01:21:19 AM

Quote from: rpietila on May 17, 2013, 01:11:27 AM

Quote from: N12 on May 17, 2013, 01:06:58 AM

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

missed your comments man.. hows the psychiatry ward??? Feel safe??

i've been there when i was young. ( it was a young people psy ward )
their not much to say
the food is ok
you have no privacy
you can only leave if the doctor says you can
you have timed smoke breaks
random arts and craft during the week
and you may request a "chill pill" whenever you want
Tongue

drdanishkhan

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Quote from: rpietila on May 17, 2013, 01:11:27 AM

Quote from: N12 on May 17, 2013, 01:06:58 AM

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

missed your comments man.. hows the psychiatry ward??? Feel safe??

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: N12 on May 17, 2013, 01:06:58 AM

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

I assume, no pun intended.

It may go to $5000 at the peak of the valuation bubble; long term $300 is sustainable.

N12

donator

Activity: 1610

Merit: 1010

Thanks for sharing your market analysis out of the psychiatry, reptilia. 300k USD until Christmas!

Quote from: rpietila on May 16, 2013, 06:26:35 AM

I am currently detained in a psychiatric institution in Helsinki, because I need rest. My physical well-being is taken care of.

rpietila

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Activity: 1722

Merit: 1036

Sorry to steal the show, but even after spending 36 hours in an emergency care unit, I still think $1,000+ peak valuation is unstoppable before Christmas. My experiences tell that even the patients here are eager to buy by the truckload, as soon as they get into the position to do so. Not everyone was picked when he had all his belongings packed to two nice cabin bags (+the silver).

Ares

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Coinseeker

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fr33d0miz3r

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Chainsaw

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x

Quote from: bobdude17 on May 16, 2013, 10:31:19 PM

Quote from: Chainsaw on May 16, 2013, 10:23:46 PM

I'm reading your posts right now...

Wanted to respond real quick to this

Quote

But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up.

Could it be a egg/chick argument? Couldn't artificial stability result in lack of volume?
I mean one thing that keeps me from selling in spite of bad news is when the prices seem to remain steady. Calms people, less volume.

I think I understand what you proposed: Because market participants see large volume on each side supporting price, they are less apt to trade.
Assuming that's what you meant...I completely agree. But the order book profile would have to fit. To make the extreme case - it would be a 100k bid wall at 116.80 and a 100k ask wall at 116.81.

When you looked closely at the order book, I thought it was unique - the order book was more heavily loaded, farther away from the current price point. I interpreted this as a preparation for an explosive breakout from the price channel, when it occurred, in either direction. People were preparing on both sides. I know I was.

So to go back to your question - yes I think it is possible, but in this case, I don't think the bid/ask volumes were what prevented price movement. There was a pretty standard <1000 bitcoins needed to move the price a dollar in either direction. (Except for a brief period with a 3.5k ask wall) The price could have moved, about as easily as pre-crash. It just didn't.

Coinseeker

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Bot Fight!!

Coinseeker

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Quote from: BitPirate on May 16, 2013, 11:17:44 PM

No...

Eventually, yes. But not today.

fr33d0miz3r

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Quote from: BitPirate on May 16, 2013, 11:17:44 PM

No...

+1

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

No...

Coinseeker

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michaelGedi

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"to be or not to be, that is the bitcoin"

ok... apples, all I can think about is apples now after seeing this:

https://btcglobal.net/

HEALTHY BITCOIN APPLES

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: UltimateReaper on May 16, 2013, 10:48:15 PM

Quote from: Kupsi on May 16, 2013, 10:44:04 PM

Bye, bye bears Cheesy

I suspect this will end in disaster.

Followed by an EVEN BIGGER PARTY

Anyway, looks like we're really in the midst of a decoupling from MtGox. Price 5% higher than all the other exchanges (this used to be really rare, especially for China), and volume dwindling. But will other exchanges still follow Gox's price lead? If they do, there is only one possible result: Price will be INFINITY.

bobdude17

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Quote from: michaelGedi on May 16, 2013, 10:42:47 PM

Quote

Do the conspiracy theorists still have money? With minds as emotional as that I can't imagine they'll be holding onto it for long.

bodude loves his conspiracy theories...

you shoulda seen the posts about China

At least I do it with style

And with logic, I like to think.

Quote

I'm not in it to trade anyways sir, not in the stricter sense... I prefer to engage in general market sentiment discussion to gauge longer term buying in and selling points etc. Maybe I will attempt to trade again if there is another bubble in the future, but the finer stuff that goes into day trading... too emotional for that.

Same.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33314. (Read 26463272 times)