Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33399.

Abandon

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Quote from: ManBearPig on May 11, 2013, 10:41:50 AM

*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky

It's more likely to resume where the exponential growth left off, before going nova. Therefore not going to go down much. Look at the curves, not the lines. Tongue

$100 price is too far gone.

ManBearPig

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"Don't go in the trollbox, trollbox, trollbox"

*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky

Seal

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Quote from: SlipperySlope on May 11, 2013, 10:07:41 AM

Quote from: ?? on ??

Quote from: fitty on May 11, 2013, 09:51:05 AM

Quote from: ?? on ??

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware Wink

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.

Do you think we are currently in a bubble? I think the $100 mark is psychologically important to a lot of investors/speculators/traders. I'd love to hear of someones Fibonacci analysis on this one.

fitty

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Quote from: SlipperySlope on May 11, 2013, 10:07:41 AM

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.

Agreed. It was a bumpy road, but I'm glad we're finally here. Wink

SlipperySlope

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Stephen Reed

Quote from: ?? on ??

Quote from: fitty on May 11, 2013, 09:51:05 AM

Quote from: ?? on ??

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware Wink

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.

ChartBuddy

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fitty

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Quote from: ?? on ??

Quote from: fitty on May 11, 2013, 09:51:05 AM

Quote from: ?? on ??

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware Wink

*lol* Truer words were never spoken.

fitty

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Quote from: ?? on ??

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

fitty

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Activity: 728

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The problem is, they're all at $40-$60-$80 hoping for cheap coins. As Goat has said, it's not until $125 where people will let go of the notion cheap coins are just around the corner. Once sub-$100 isn't likely in the short term, those people will buy back in and we should have a nice rally. But for now they're sitting on the sideline praying to whatever pagan God causes markets to crash. Tongue

Edit: And in a volatile market, periods of sideways action are generally considered bullish. While boring, it's good for the market and Bitcoin.

Quote from: SAQ on May 11, 2013, 08:11:15 AM

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

ChartBuddy

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SlipperySlope

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Stephen Reed

Quote from: dexX7 on May 11, 2013, 08:28:04 AM

Quote from: SAQ on May 11, 2013, 08:11:15 AM

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

But ask sum is higher than last time. Still I think, we will go up.

The bid sum is interesting. According to the chart, the sum rapidly declined from a similar high point during the drop from $145 down to $80.

It will take volume to consume the walls constituted by those bids. We are witnessing very low volume.

SlipperySlope

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Stephen Reed

Note the expected low weekend volume.

dexX7

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Quote from: SAQ on May 11, 2013, 08:11:15 AM

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

But ask sum is higher than last time. Still I think, we will go up.

SAQ

newbie

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Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

Miz4r

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It is madness... no this is BITCOIN!! Grin

Miz4r

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Moving up again.

molecular

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Quote from: gizmoh on May 11, 2013, 03:56:47 AM

Around $115, I believe its a good entry point considering the coming hype of bitcoin conference next week.

The London conference seems to have created a slight updraft last year. The conference itself did not deliver. Buy the rumor, sell the news?

muyuu

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Friedcat will sell more than 50 blades now.

Chooooo choooo.

Miz4r

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Low volume sell off, people don't seem to be confident in selling. I'm still bullish for after this weekend.

gizmoh

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Around $115, I believe its a good entry point considering the coming hype of bitcoin conference next week.

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