Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33551. (Read 26461054 times)

Fair working rights for bots!

I think people will psychologically react the same way they did then, and as they have with all historical bubbles. But hey, who knows, maybe this time it really is different!

Yeah that's like using Apple's stock price in 1988 to predict movments today. There's TA on this forum who would draw the lines I'm sure.

it will be nothing like 2011

If it's anything like 2011, we'll see some buying in anticipation of all the money that we hope is going to show up at mtgox on Tuesday. Then, when nothing happens, more dumps.

No fee weekends? Someone e-mail MtGox. 

We need more bots trading. At least bots don't sleep or take the weekend off.

Less than 20 coins traded in last 15 minutes, lol. What a contrast to drama in last 2 days.

I'm surprised by the resistance. No complaints here. Long, slow slide advocates, what are your thoughts?

Hmmm, doesn't feel right. Not much consolidation on the asks, not nearly as agressive, no fake wall action. If they were going to throw in the towel they'd be buying. I'd expect a 5-10k coin dump if it gets to 100. If it doesn't come maybe they ran out of coins. But so many coins sold sub $100, I can't imagine they'll just eat those losses without a fight. On the flip side they didn't take down superman at 90 so maybe we are ready for a little rally.

Yay, something happened!

So, we're up for rally after this low volume? 

rpietila's SR dealer must have been rich for some time now, his client is high all day and night, selling him stuff is one serious business  

Where did you get those numbers?

Just don't let the hairdresser watch the charts while they're using the scissors...

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it  

Considering that we by and large visited the 3rd fibonacci of $78 (never judge with more than 1-2% precision, this is not voodoo after all but real world, it is close enough - I should have known from the first visit to 91 that 95 will not hold, it is too far), the upmove will just be commensurately violent.

At $50 we saw 4th order fibonabbi retracement double(intraday:triple/quadruple) bottom megamove finalcapitulation (akin to 100 megaton fusion charge). As a result, we rallied 50->167 (234%) in 8 days. Now that is 0.64% per hour, compared to the 0.08% exponential trendline it is 8 times faster rate of appreciation.

The sorry state of mankind is truly manifest in its lack of understanding the exponential function. You do not even regard 0.30% per hour as fast when measured in hourly scale (on the contrary, 1 dollar per 3 hours is considered "bitcoin is dead" in these forums).

By being dead continuously for 2673 hours, bitcoin will reach $300k USD by...

...Christmas, this year?  

No. August, 22.  

Granted, the dealer network and some other stuff will have to begin operating, but the good thing is they will, regardless of what you and I do. Even the dealer network fixing excelsheet I already have, and use it for mathematically heavier calculations than "just" stabilizing the price and flows of bitcoin worldwide, which is pretty easy really. The heaviest part is to write enough on this forum, to convince at least 10 other dealers, which I believe are pretty much convinced already, or will be after the I Supernode Summit.

Yesterday alone, I talked to two people more knowledgeable than me. I am just a messenger, like I said when I started posting in a serious way about 30 days ago.

If someone buys bitcoins in May, 2013, he will be rich. In December, he will be poor. The fair value will be crossed somewhere in between.

ADD:
Visual aid: "Bitcoin is dead in between $90 and $100 now." (zoom to 12h).