Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33482. (Read 26496247 times)
May 17, 2013, 03:16:55 PM
Looks to me like a triangle forming with $124 as the close.
May 17, 2013, 03:14:12 PM
Regulation is the best thing that can happen to Bitcoin. It will instantly legitimize it and mass adoption would spread like a wildfire. Let's hope that dosen't happen before we touch double digits again or else I'm going to have to eat crow on my "guarantee". 
May 17, 2013, 03:11:48 PM
I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
fair calls for low/high, but what about closing price at the end of the weekend?
I think the price will stay high because of the event this weekend.
May 17, 2013, 03:05:13 PM
https://www.eff.org/deeplinks/2013/05/eff-will-accept-bitcoins-support-digital-liberty
Quote
Our research and FinCEN’s guidance removed a key risk to EFF. Both our internal research and the recent report by FinCEN2 have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation. While some have raised concerns about the FinCEN ruling, and noted that it’s not binding, it did confirm our own analysis of risk to us as a user and reduced our concerns that by accepting Bitcoins EFF risked moving away from its role as a defender of innovators and into the role as a possible defendant.
This is extremely good on many levels. The foundations concerns had been a thorn in Bitcoins back. People tend to listen to what they think. Thanks EFF for reconsideration and thank to fincen for guidance.
May 17, 2013, 03:01:49 PM
May 17, 2013, 02:48:03 PM
There's nothing like a decent bit of well-considered speculation argued in an eloquent way.
I guess you're fresh in from the Trollbox?
I guess you're fresh in from the Trollbox?
May 17, 2013, 02:42:29 PM
I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
ballz!
May 17, 2013, 02:41:06 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
I agree, I think many went long the moment it crossed $120. And more followed when it broke through $125 easily soon after (although we haven't managed to stabilize above it yet). Many see this as a significant trend reversal since the crash from $266 (no more lower highs), the downward trend has been broken and thus we get a positive feedbackloop that reinforces the new trend upwards.
May 17, 2013, 02:39:19 PM
I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
May 17, 2013, 02:34:37 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold.
Isn't that where you would be better off buying?
must be a typo
May 17, 2013, 02:33:23 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold.
Isn't that where you would be better off buying?
May 17, 2013, 02:31:55 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold.
May 17, 2013, 02:31:26 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
Let the weak hands perish and the strong survive.
May 17, 2013, 02:31:20 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I think most will try to sell at $125, and most think that it won't go below $120 again, so that's where they are buying.
May 17, 2013, 02:31:00 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term.
May 17, 2013, 02:30:22 PM
LOL, 1.5 minutes of laugths
May 17, 2013, 02:27:36 PM
I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
May 17, 2013, 02:19:41 PM
Feel like a noob for asking - but can someone explain the bid sum/ask sum graph from blockchained.com?
Will
Will
Just ignore Jaroslaw he is the biggest noob of this forum, he is too self-absorbed to pay attention to what it is you're asking. Bid sum/ask sum graph compares the price to the ratio between total bids and asks on the order book. So if there's $22M bids and 110k btc that makes bid sum/ask sum = 200. The red line shows the bid sum/ask sum number and if it's in line with the price (blue line) it means that there's a perfect balance between bids and asks at that particular price. When the red line is higher than the blue line it means that there are relatively a lot of bids on the orderbook and usually that means that the price will rise as well (demand is high).
May 17, 2013, 02:19:22 PM
Please stop quoting Jaroslaw. He is the first idiot I put on ignore here.
you mad ?
now i make some gaimz May 17, 2013, 02:18:55 PM
Feel like a noob for asking - but can someone explain the bid sum/ask sum graph from blockchained.com?
Will
Will
People buying btc because transfering money from mtgox is difficul and after US gov take care on gox everyone want to move to other exchange
I kind of agree with this being the main reason, especially as the price with other exchanges is so off (6-7$/BTC !)
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