That makes sense. But there is someone trying to drive the price up. Reminds me to a similar situation in the 60s just after the -> 53 crash.
Could also be a classic bull - bear fight. Now bear has dumped 2k to 131 - we'll see if bull reacts.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34029. (Read 26709364 times)
April 27, 2013, 11:32:41 AM
April 27, 2013, 11:23:39 AM
For me, there is someone trying to stabilize the price in the mid-130s. Someone big. Perhaps MtGox?
For me the lack of volume does not support this theoryMt Gox make money when there is volume and that generally comes with movement and volatility ... price stability, though welcome in the long term is currently contrary to their interests as I see it.
April 27, 2013, 11:23:18 AM
For me, there is someone trying to stabilize the price in the mid-130s. Someone big. Perhaps MtGox?
that is fine with me!!!
April 27, 2013, 11:18:54 AM
For me, there is someone trying to stabilize the price in the mid-130s. Someone big. Perhaps MtGox?
April 27, 2013, 11:04:08 AM
Still looks to me like we've got a bit of downward movement on the cards ...
OK ... that's too vague ... I think we will test 120 with decent volume and probably high volatility (105-135 range) ... will it hold, I dont know. I expect a fierce battle though.
OK ... that's too vague ... I think we will test 120 with decent volume and probably high volatility (105-135 range) ... will it hold, I dont know. I expect a fierce battle though.
April 27, 2013, 10:37:34 AM
Slight upward trend. This is usually a bullish signal. My prediction is that the price will rise to 139 quite soon. This is little more than pure speculation, though.
April 27, 2013, 10:26:51 AM
Slight upward trend. This is usually a bullish signal. My prediction is that the price will rise to 139 quite soon. This is little more than pure speculation, though.
April 27, 2013, 10:26:40 AM
Here is the comparison of Google Trends for the term "buy bitcoin" and Mt.Gox price in the period of the last 90 days.
These two graphs are following the same pattern.
Can we say Google Trends is a good measure of how many NEW interested buyers are coming to BTC market?
I don't say that this is a good prediction tool, but on the other hand, it's a good additional tool for making decisions, because it puts more realism by removing big fish speculators noise from the graph.
These two graphs are following the same pattern.
Can we say Google Trends is a good measure of how many NEW interested buyers are coming to BTC market?
I don't say that this is a good prediction tool, but on the other hand, it's a good additional tool for making decisions, because it puts more realism by removing big fish speculators noise from the graph.
You do realize that the google trends 'pattern' is a lagging indicator at best, right?
April 27, 2013, 10:21:01 AM
Slight upward trend. This is usually a bullish signal. My prediction is that the price will rise to 139 quite soon. This is little more than pure speculation, though.
April 27, 2013, 10:12:08 AM
During the months of the year when ice cream sales goes up we can see a significant rise in the amount of drowning accidents. Therefore, ice cream causes drownings.
Or, maybe drownings make people want to buy ice cream.
Or, there is some other factor.
Or, maybe drownings make people want to buy ice cream.
Or, there is some other factor.
April 27, 2013, 10:11:59 AM
Gox queue length and total bids are a good measure of new buyers (or at least new money). All else is irrelevant.
April 27, 2013, 10:05:20 AM
Here is the comparison of Google Trends for the term "buy bitcoin" and Mt.Gox price in the period of the last 90 days.
These two graphs are following the same pattern.
Can we say Google Trends is a good measure of how many NEW interested buyers are coming to BTC market?
I don't say that this is a good prediction tool, but on the other hand, it's a good additional tool for making decisions, because it puts more realism by removing big fish speculators noise from the graph.
April 27, 2013, 09:43:42 AM
Black indeed. I'm looking forward to it.. 
Let's begin and we will see where it ends.
April 27, 2013, 09:36:44 AM
The price is not considered a bargain as its still remaining in this range..I'm betting for a black monday..
And your definition for "black" goes something like...
...it crashes through rpietila's support line of $115, goes all the way to $95, enabling rpietila to invest the proceeds of last week's OTC trades (about 700 grams of gold, 22 kg of silver, EUR 28k cash, 60k bank money) with 30% better exchange rate that he would otherwise get, and bounces back to barely above $110, closing the month with a +15% green candle.
Black indeed. I'm looking forward to it..
Me too. But I won't discard the price to go straight up, just barely touching $125... There are bullish signs everywhere, including very positive media attention despite the bubble burst, which every day looks more like a simple correction.
April 27, 2013, 09:31:49 AM
The price is not considered a bargain as its still remaining in this range..I'm betting for a black monday..
And your definition for "black" goes something like...
...it crashes through rpietila's support line of $115, goes all the way to $95, enabling rpietila to invest the proceeds of last week's OTC trades (about 700 grams of gold, 22 kg of silver, EUR 28k cash, 60k bank money) with 30% better exchange rate that he would otherwise get, and bounces back to barely above $110, closing the month with a +15% green candle.
Black indeed. I'm looking forward to it..
April 27, 2013, 09:15:46 AM
according to my calculations if we stay on the current bullish trend we will hit 1,480.78$ in 6 months 16,867.02$ in 12 month 2,188,434.58$ in 24 months
omg why did i sell 3 coins for only 500$
omg why did i sell 3 coins for only 500$
I can't help but notice the bulls (me included) are throwing much higher numbers (even in relative terms) than in 2011 ("$1000 by the end of the year"... quite conservative). I also have a feeling this time they are having an easier time actually believing their own projections might come true.
I remember when friends used to ask me back in 2011: "when will you sell", my answer was: at 1 BTC = 1 oz gold. This doesn't seem so outlandish any more, does it?
It's almost like my wildest dreams are coming true: bitcoin seems to really work out!
Have you guys seen that guardian piece about the Bitcoin Kiez (http://www.guardian.co.uk/technology/video/2013/apr/26/bitcoin-currency-moves-offline-berlin-video). Had you shown me this in 2011 as a "video from 2 years in the future", I wouldn't have believed it and would probably not have been able to stop laughing in pure joy for a day or two. Nowadays my reaction is simply: "oh, cool! Quite a well done piece! Thanks cool dudes in Berlin!".
My old dreams are the new normal, I should get some new dreams... think big this time.
I live in a district close to there, Kreuzberg's awesome in general. Haven't tried spending bitcoins yet but I think I'll do that in the next few days. April 27, 2013, 09:03:26 AM
I am content for this week.
Things work better when retracements happen. Noobs stop speculating. It stops looking so bubblish. Fibonacci has a field day. Its all good.
Things work better when retracements happen. Noobs stop speculating. It stops looking so bubblish. Fibonacci has a field day. Its all good.
Umm, hello, noob here, what do you mean with the fibonacci? I am sure it's a very witty comment but I don't understand it. ^^'
Correlation does not imply causation.
ouch mate
April 27, 2013, 08:44:04 AM
The price is not considered a bargain as its still remaining in this range..I'm betting for a black monday..
April 27, 2013, 08:25:29 AM
This one was proven wrong. Although my previous call of $115 never again (uttered @ $122) likely holds.
This statement can be proven wrong right today. Or on monday.
April 27, 2013, 08:24:38 AM
I'm feeling so conflicted right now, to buy or not to buy... 
Only for the brave...
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