Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33694.

Pzi4nk

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Move over clarinets, I'm getting on the band wagon

Quote from: Rampion on May 17, 2013, 03:33:47 AM

Not going to double digits after the initial Dwolla/MtGox FUD is an über-bullish sign.

Yes, I agree. It didn't fall as much as I expected it would. I was hoping to buy in below $90.

Quote from: Rampion on May 17, 2013, 03:33:47 AM

Bulls are strong, bears are crapping their pants, and most of the members in here already sold their BTC (at least some of them) and they are waiting "the best entry point". Heck, even Smoothie sold some BTC and is waiting to buy back, IMO this means that NOW is a good entry point - maybe not the best in the short term, but I really do not see how we could be going under $90 unless something really bad happens.

Again, agree. I finally bought back at $111, but that was just luck. It's been pretty well supported above $115 lately.

No one can predict the future of bitcoin but if you're bullish I believe it's as good a time as any to get back in.

lebing

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Enabling the maximal migration

Quote from: billington.mark on May 17, 2013, 03:40:32 AM

Interesting weekend ahead with the ask\bid spread being so far apart...

Indeed - especially as the bitcoin conference starts today...

billington.mark

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Quote from: Rampion on May 17, 2013, 03:33:59 AM

Interesting weekend ahead with the ask\bid spread being so far apart...

Rampion

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Quote from: rpietila on May 17, 2013, 12:04:44 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).

Care to let us know what are your symptoms and pathology in your doctor's opinion?

Hope you get better BTW.

Rampion

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Rampion

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Quote from: lebing on May 17, 2013, 03:17:32 AM

Quote from: thoughtfan on May 17, 2013, 03:08:00 AM

However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.

Its clear that the dwolla mtgox episode will affect the market for some time, but I'm curious what makes you think it will be negative? In the short term, I believe it will push the price up and in the long term provide a new price discovery mechanism (at the moment unknown what exactly that will be) along with much needed diversity on the exchanges.

I believe the panic triggered bu the Dwolla situation is pretty much over, unless the DHS states that this was a first action against Bitcoin itself, and not against a specific user or against gambling, which are two things not directly related to BTC.

Not going to double digits after the initial Dwolla/MtGox FUD is an über-bullish sign.

Bulls are strong, bears are crapping their pants, and most of the members in here already sold their BTC (at least some of them) and they are waiting "the best entry point". Heck, even Smoothie sold some BTC and is waiting to buy back, IMO this means that NOW is a good entry point - maybe not the best in the short term, but I really do not see how we could be going under $90 unless something really bad happens.

lebing

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Enabling the maximal migration

Quote from: thoughtfan on May 17, 2013, 03:08:00 AM

However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.

Its clear that the dwolla mtgox episode will affect the market for some time, but I'm curious what makes you think it will be negative? In the short term, I believe it will push the price up and in the long term provide a new price discovery mechanism (at the moment unknown what exactly that will be) along with much needed diversity on the exchanges.

thoughtfan

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Quote from: Dumbastronaut on May 17, 2013, 02:32:05 AM

Anyway you draw it, we seem to be out of the short term downtrend. I was a short term bear until today's mini rally. I dumped at 110 only to sit idly watching the ticker as it went down to 103 thinking sub 100... Bought back in at a loss at 118, we've been stable way too long and have broken through all the bearish trendlines. I really see no reason not to be long right now.

As long-time wall followers will know I'm a TA sceptic at the best of times but I'd be especially wary for the next few days at least to read too much into the Mtgox data in isolation of the other exchanges. Where mtgox is too far off the other exchanges the likelihood is it is because people are buying btc to get them out of mtgox and very few have the means to do the arbitrage to even it out.

Long-time wall thread followers will also know I am a very optimistic long-term bull and am virtually always more questioning of anything more than slight bearish predictions than I am of bullish predictions. However in this instance I think we could see negative repercussions of the Dwolla/mtgox episode rumble on for some time yet.

ChartBuddy

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Frozenlock

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Quote from: notme on May 17, 2013, 02:42:46 AM

Sure, but we'll see it hit 108 first.

Quote.
Just 'cause. Wink

notme

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Quote from: solex on May 17, 2013, 02:40:48 AM

Quote from: Dumbastronaut on May 17, 2013, 02:32:05 AM

Anyway you draw it, we seem to be out of the short term downtrend. I was a short term bear until today's mini rally. I dumped at 110 only to sit idly watching the ticker as it went down to 103 thinking sub 100... Bought back in at a loss at 118, we've been stable way too long and have broken through all the bearish trendlines. I really see no reason not to be long right now.

I called a uptrend to 130/140 area just before the Dwollar story broke. I think that this is still going to happen soon.

Sure, but we'll see it hit 108 first.

solex

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100 satoshis -> ISO code

Quote from: Dumbastronaut on May 17, 2013, 02:32:05 AM

Anyway you draw it, we seem to be out of the short term downtrend. I was a short term bear until today's mini rally. I dumped at 110 only to sit idly watching the ticker as it went down to 103 thinking sub 100... Bought back in at a loss at 118, we've been stable way too long and have broken through all the bearish trendlines. I really see no reason not to be long right now.

I called a uptrend to 130/140 area just before the Dwollar story broke. I think that this is still going to happen soon.

Rampion

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Quote from: rpietila on May 17, 2013, 12:04:44 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).

You said $300k before the end of the year, and anybody denying this will happen in 2013 is a fool and an ignorant. But still you did not accept to put your money where your mouth is accepting my bet proposal with odds on your favor.

sacko

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Quote from: aepfel on May 17, 2013, 02:28:14 AM

why you all insulting rpietila?
thats at first not really polite and 2nd offtopic. if you dont like him simply hit the ignore-button and you never again need to read one of his posts.

also it is not really fair to him. he shares his oppinion and vision of the future and you guys just laught at him. if you want to show him, that he is not right then simply do it with facts and not by taking the mickey out of him.

They do it bc they feel superior due to lack of experience of life. Just wait a few more years ...

Dumbastronaut

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Activity: 126

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Anyway you draw it, we seem to be out of the short term downtrend. I was a short term bear until today's mini rally. I dumped at 110 only to sit idly watching the ticker as it went down to 103 thinking sub 100... Bought back in at a loss at 118, we've been stable way too long and have broken through all the bearish trendlines. I really see no reason not to be long right now.

aepfel

member

Activity: 83

Merit: 10

why you all insulting rpietila?
thats at first not really polite and 2nd offtopic. if you dont like him simply hit the ignore-button and you never again need to read one of his posts.

also it is not really fair to him. he shares his oppinion and vision of the future and you guys just laught at him. if you want to show him, that he is not right then simply do it with facts and not by taking the mickey out of him.

Le Happy Merchant

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Quote from: farfiman on May 17, 2013, 01:47:15 AM

Quote from: rpietila on May 17, 2013, 01:42:02 AM

Quote from: ShroomsKit on May 17, 2013, 01:33:19 AM

You are seriously one of the best trolls i've seen in a long time.

Your time seems to extend all the way back to April 08, 2013, 03:13:50 PM.

I was there when it was still not possible to buy from Mt.Gox with more than $1000 per day without influencing the price by 10%+, for which reason I regarded it as a childrens' playground (and later paid 500kEUR+ for my mistake)

Date Registered: 07 October 2012, 20:52:21

isn't that far back either...

What I think is funny about this, is that a few years from now all of us on these forums now will look like grey old men compared to the people flooding in. Even the newbies.

ChartBuddy

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Jaroslaw

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supernode

Quote from: rpietila on May 17, 2013, 01:42:02 AM

Quote from: ShroomsKit on May 17, 2013, 01:33:19 AM

You are seriously one of the best trolls i've seen in a long time.

Your time seems to extend all the way back to April 08, 2013, 03:13:50 PM.

I was there when it was still not possible to buy from Mt.Gox with more than $1000 per day without influencing the price by 10%+, for which reason I regarded it as a childrens' playground (and later paid 500kEUR+ for my mistake)

So now you must take 2nd shift as taxi driver ? because limo driver wont pay your bills ? Cheesy

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: rpietila on May 17, 2013, 01:42:02 AM

Quote from: ShroomsKit on May 17, 2013, 01:33:19 AM

You are seriously one of the best trolls i've seen in a long time.

Your time seems to extend all the way back to April 08, 2013, 03:13:50 PM.

I was there when it was still not possible to buy from Mt.Gox with more than $1000 per day without influencing the price by 10%+, for which reason I regarded it as a childrens' playground (and later paid 500kEUR+ for my mistake)

Hey man, i'm not attacking you. I believe you.
But the trolling part is hilarious!

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33694. (Read 26712310 times)