I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.
far too much demand, at this point... deflation is kicking in.
Fiat never deflates.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33835. (Read 26499378 times)
May 01, 2013, 05:55:10 AM
far too much demand, at this point... deflation is kicking in.
Fiat never deflates.
May 01, 2013, 05:54:06 AM
I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.
far too much demand, at this point... deflation is kicking in.
May 01, 2013, 05:52:34 AM
I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.
far too much demand, at this point... deflation is kicking in.
May 01, 2013, 05:50:58 AM
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.
In late 2011, I thought we'd never see prices below $4. But we did.
I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.
May 01, 2013, 05:50:15 AM
- I could not care less if it crashed to $10;
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!
Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur
"delusion of grandeur " I love that phrase. I used it on a past girlfriend once. Being the narcissist that she was, she didnt have a clue what it meant!
May 01, 2013, 05:47:04 AM
- I could not care less if it crashed to $10;
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!
Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur
Tell me when he does, I would love a coin from my favourite speculator.
May 01, 2013, 05:44:14 AM
- I could not care less if it crashed to $10;
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!
Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur
May 01, 2013, 05:42:05 AM
this means bullish for the long-term, which i can agree with. unfortunately we are severely short-term overbought, are in the midst of a minibear, and are encroaching on an extremely important mid-term support. if you really want the market to do what you want, take your cash and put a wall at $120, else we'll possibly crash right through later today.
Well, since I think the number of bitcoins is important, and not the price of them:
- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.
- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).
I will soon go to the spa wing. Nobody bit the offer for cheap puts
I nearly bit. Whats the current put price/fee?
May 01, 2013, 05:41:00 AM
- I could not care less if it crashed to $10;
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!
May 01, 2013, 05:38:23 AM
Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
that seems to be where we're heading:
Agreed. Those weekly candles clearly show the market stabilizing after a buying ramp which got out of control. Personally,I expect a slow climb from $100, perhaps regaining the $266 high, and keeping it, by the end of this year.
- I could not care less if it crashed to $10;
I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.
May 01, 2013, 05:14:36 AM
Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
that seems to be where we're heading:
May 01, 2013, 05:14:07 AM
this means bullish for the long-term, which i can agree with. unfortunately we are severely short-term overbought, are in the midst of a minibear, and are encroaching on an extremely important mid-term support. if you really want the market to do what you want, take your cash and put a wall at $120, else we'll possibly crash right through later today.
Well, since I think the number of bitcoins is important, and not the price of them:
- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.
- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).
I will soon go to the spa wing. Nobody bit the offer for cheap puts
May 01, 2013, 05:07:29 AM
Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.
May 01, 2013, 05:03:26 AM
I enjoy following the bitcoinchannel.com buy. I can read candlesticks fairly well but was never much into looking at the market strength (buys and sells) as a whole - I know, bad, partial picture but the candlesticks and a few indicators always did me well.
Anyway, looking at the market on clarkmoody's site:
Looking for that 100k volume on the buy and sell side - It just moved off $70 on the buy to $65 (a bit bearish). The sell side is on $220 at 100k - keep an eye on that. Total sales have been creeping up since post crash (I don't have the exact dates as have been following it only a couple of times a week.)
Some key figures on the buy and sell side ($70 buy and $300 sell) show that more sellers are coming in at those levels and the buyers are dropping. It is not a huge number so I tend to agree with the bitcoinchannel.com guy that short term things look bearish. Nothing that would make me sell my long term stash.
Can anyone add anything here as it's the part I'm still learning...
IAS
Anyway, looking at the market on clarkmoody's site:
Looking for that 100k volume on the buy and sell side - It just moved off $70 on the buy to $65 (a bit bearish). The sell side is on $220 at 100k - keep an eye on that. Total sales have been creeping up since post crash (I don't have the exact dates as have been following it only a couple of times a week.)
Some key figures on the buy and sell side ($70 buy and $300 sell) show that more sellers are coming in at those levels and the buyers are dropping. It is not a huge number so I tend to agree with the bitcoinchannel.com guy that short term things look bearish. Nothing that would make me sell my long term stash.
Can anyone add anything here as it's the part I'm still learning...
IAS
May 01, 2013, 04:55:28 AM
It's astonishing what a little DDOS and an even smaller dump can do
Erm no, there has been no DDoS on Mt Gox for days now.
there was a DDoS performed by what seemed like a bot for about 15 min that brought gox lag up to approx. 10 min.
this occurred a few hours ago.
Can we be sure something that brief was a DDoS? Gox IS really bad at handling volume.
May 01, 2013, 04:45:23 AM
DDoS = Distributed Denial of Selloffs
May 01, 2013, 04:43:33 AM
IMHO $125 is VERY important, I will say just that, of course I'm not analyst and don't listen to me.
i am an analyst and i concur if we break $125, we're going to test $120 again. bulls better hope that holds, or else there be bears ahead.
May 01, 2013, 04:42:23 AM
Next 12h are very important...
why? may day and all that?
Indicators are screaming
what are they screaming?
IMHO $125 is VERY important, I will say just that, of course I'm not analyst and don't listen to me.
May 01, 2013, 04:41:54 AM
It's astonishing what a little DDOS and an even smaller dump can do
Erm no, there has been no DDoS on Mt Gox for days now.
there was a DDoS performed by what seemed like a bot for about 15 min that brought gox lag up to approx. 10 min.
this occurred a few hours ago.
May 01, 2013, 04:40:45 AM
Arepo is stating facts. Don't really know why some of you are so shure on the sort term bull, when everything logically leads to the opposite.
+1On the other side it looks like that rpietila can only profit when the market goes up; if so, he should take a one month long holiday.
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