Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33762. (Read 26498310 times)

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).

what is his net worth?

Zzzzz

"A haircut costs half a Bitcoin."  Wow Gavin gets expensive haircuts!

http://online.wsj.com/article/SB10001424127887323809304578429142650304564.html

hehe, have I done it already, can't remember

Those walls hint some upward movement might happen though

next stop; no one knows

now seleme won't yell at me for being right

That wall at $85 has grown in size

First time in awhile don't see much blocking at 94, 96, 98. Even 100/102 is down 40% from where it was. Could just be inviting a mini rally.

i seriously think that bernanke and friends have turned the button on of "crazy rollercoaster" configuration for bitcoin bots and their final plan is drive us all nuts. And not sleeping helps

NEVER be out. Ever.

I guess we'll be playing chicken with the small walls at 100 and above, maybe hit 110-120 but I don't see enough momentum to go further. 90 should also hold for the weekend, panic sellers have sold already. A very boring weekend indeed.

After that, I don't know. We're not out of the bear market yet like many (myself included) hoped during the runup to $140-$160. Was it the mega-bulltrap of the 2013 bubble ? Only time will tell.

I predict another weekend, like that one a couple of weeks ago, hovering $95-$100. It will go up to $100 briefly everybody will think its rallying then it will go down to $95 and everybody will fall asleep.

It's done that now ... 'fakeout' and we are back where we were about 8 hours ago ...
Get some rest