Wall Observer - MtGoxUSD wall movement tracker - page 1187.

adamstgBit

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Quote from: casascius on June 10, 2012, 03:56:19 PM

I don't think it'll necessarily be a while before it bumps... for reasons completely unrelated to anything on the charts.

I think much of what's driving demand is the media's observation that the price has been more or less stable for quite a long time. That's enough to cause a snowball effect. If the media starts piling on the "look, bitcoins were never dead after all, and really are a stable store of wealth and the economy is growing and thriving"... well then... more google searches on Bitcoin, more eyeballs, more interest.

ya well we've been accumulating a lot of people on the side lines during the 5$ stability
this period of volatility is their opportunity.
expect more volatility... way more Wink

casascius

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I don't think it'll necessarily be a while before it bumps... for reasons completely unrelated to anything on the charts.

I think much of what's driving demand is the media's observation that the price has been more or less stable for quite a long time. That's enough to cause a snowball effect. If the media starts piling on the "look, bitcoins were never dead after all, and really are a stable store of wealth and the economy is growing and thriving"... well then... more google searches on Bitcoin, more eyeballs, more interest.

adamstgBit

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Another explosive rally, just about to happen ? I THINK SO

Spekulatius

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I think its going to b at least a week till we hit 6$. If 5.4 breaks, well see a further decline to 5.30 and then back up (unless we break below 5.25$).

arklan

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Quote from: ineededausername on June 10, 2012, 10:20:51 AM

Normal weekend dip is normal. $6 coming soon! Grin

is that like "soon, we'll land people on mars!" or such? Cheesy

ineededausername

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Normal weekend dip is normal. $6 coming soon! Grin

proudhon

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Quote from: cloon on June 10, 2012, 09:25:45 AM

yes because proudhon just sold all his coins ;-)

Nope. I Haven't sold coins in quite a long time now. I've got a few coins in a blockchain.info wallet, a few play coins on GLBSE, and the rest are in offline wallets. I bought some coins a few days ago around $5.55 and those were immediately transferred out of MtGox. I'm buying a few hundred dollars worth of bitcoins every week or every couple of weeks now regardless of the price and they're immediately moved out of the exchanges.

cloon

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yes because proudhon just sold all his coins ;-)

proudhon

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Back down to $5?

adamstgBit

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adamstgBit

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Quote from: casascius on June 09, 2012, 12:09:54 AM

I would rather see a slow rise in temperature rather than spike and crashes. Slow growth and low volatility is great for convincing merchants to get on board, and merchants are ultimately what we need to sustain higher prices.

I consider it a good thing that the idea of sending a huge amount of funds (fiat or BTC) to MtGox is a scary thing at the moment.

but having a good amount siting on the exchange is not a bad idea, use it in times like these Kiss

buy buy buy

a slow and steady ride up has been going every since 4$

the trend is new ish and slow, it will stay on the up side is 5-8 $ for years.

investing now means 5 years from now, you see Gains!
buying low and selling high is the plan,
we will continue to push on up IMO till 8$ in about 1-3 years?
after that its any ones guess
maybe a equally slow decline back to 5 until the next big bubble?
1000% gains in 3-5 year is still a good possibility, it depends on the overall success of bitcoin

in 3-5 years their will be all kinds of new "online money, you can spend on your cell phone..." but bitcoin will be regarded as 1# with 90% of market share

we just have to do the secret!

do some thing every day that bring us closer to our goal,

Decentralizing World Domination! BITCOIN FTW Cheesy

notme

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Stupid MtGox bug.

casascius

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I would rather see a slow rise in temperature rather than spike and crashes. Slow growth and low volatility is great for convincing merchants to get on board, and merchants are ultimately what we need to sustain higher prices.

I consider it a good thing that the idea of sending a huge amount of funds (fiat or BTC) to MtGox is a scary thing at the moment.

adamstgBit

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