Topic: Wall Observer - MtGoxUSD wall movement tracker - page 355. (Read 1811607 times)
A bubble pops. It doesn't reform almost immediately.
Bitcoin is getting a lot of attention at the moment but these things don't last forever.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops. I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
This wasn't a bubble, and neither was 2011. They were dips, and in hindsight, not even that big.
Bitcoin is getting a lot of attention at the moment but these things don't last forever.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops. I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
Wow, truly great post by Gavin.
I think it all depends on the infrastructure and the institutional investors. There could be many of them who decide it's safe enough to use as a hedge against pretty much anything else. The fact that Bitcoin isn't correlated to traditional assets gives it value in itself.
Also, the real driver might be it's utility as a private, pseudonymous wealth transfer system. The drug cartels, weapon dealers, Russian black market and gamblers still have to join the party and for them Bitcoin provides lots of advantages.
And I think there may be another bubble which will deflate once the media attention is over, but it won't be as violent as 2011 because we all have the collective knowledge that Bitcoin is able to survive this.
A lot of the fresh money coming in is doing so because it's expecting the price to rise. If we will see a severe weekend dip during the next days, reflected in a loss of a few % over the course of several days, maybe several days with a loss over 24h, this could initiate a psychological trend reversal. I wouldn't expect a lot of the greedy risk-taking money to still be attracted to bitcoins then in the short term future. We've seen dips corrected quickly before, all very bullish, this time a psychological barrier of 100$ is added to the equation. As I don't have time to dedicate to watching curves the next few days I decided to stay out for now. I'm a tad sad about it since i expect there's going to be a lot of money made in daytrading the coming days, but sometimes family comes first.
It was a nice ride so far and I hope the development will continue to exceed your expectations.
It was a nice ride so far and I hope the development will continue to exceed your expectations.
Bitcoin is getting a lot of attention at the moment but these things don't last forever.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
Do you think Bitcoin will be such a hot topic in 1 month? How about 2 months? I don't think it will and the price will reflect this.
I agree with Gavins prediction he made all the way back in July 2010.
Bitcoin will get mentioned someplace with lots of readers, a bunch of those readers will like the idea and try to buy Bitcoins, their price will rise which will draw even more people to "invest", which will drive the price up even more... until people decide that the price isn't going to rise any more and everybody rushes to sell before the price drops. I predict there will be between one and five Bitcoin bubbles (price will double or more and then crash back down below the starting price) in the next four years .
He posted that before even the 2011 bubble.
I would call this bubble #2, so there are between 0 and 3 more to go
As for numbers; I think this bubble has already reached it's peak and the next will reach $250, after that $500, etc. At least doubling, maybe even tripling each time.
MagicalTux gave some info on engine lag and changes he's planning on irc last night:
The coming change at mtGox and its implications
The coming change at mtGox and its implications
Thanks for sharing this btw.
Also, I have absolutely no information besides a lot of wishful thinking on my behalf, but the chart looks like it's going to explode any time now.
I was thinking this too, I also think once we break 100 it might be 150 before we slow down. I just kinda think once we break 100 it will just pop.
Agreed, that is not unlikely. As they said on QZ, Bitcoin is experiencing a demand crisis. As the price continues to climb upwards, more people are willing to invest more money in it. It's like a turbo on an engine, it will continue to accelerate as long as there is enough fuel in the tank.
MagicalTux gave some info on engine lag and changes he's planning on irc last night:
The coming change at mtGox and its implications
The coming change at mtGox and its implications
Thanks for sharing this btw.
Also, I have absolutely no information besides a lot of wishful thinking on my behalf, but the chart looks like it's going to explode any time now.
MagicalTux gave some info on engine lag and changes he's planning on irc last night:
The coming change at mtGox and its implications
The coming change at mtGox and its implications
And now for some more bullish news.
You've all probably noticed the forum yesterday broke it's 2011 records of most active users online:
Also, it's doing quite well on Twitter:
http://analytics.topsy.com/?q=bitcoin
But the real slammer is that we finally broke through the Google Trends record of June 2011:
http://www.google.com/trends/explore?#q=bitcoin&date=1%2F2011%2027m&cmpt=q
You've all probably noticed the forum yesterday broke it's 2011 records of most active users online:
Quote
Most Online Ever: 4824 (March 28, 2013, 10:20:50 PM)
Also, it's doing quite well on Twitter:
http://analytics.topsy.com/?q=bitcoin
But the real slammer is that we finally broke through the Google Trends record of June 2011:
http://www.google.com/trends/explore?#q=bitcoin&date=1%2F2011%2027m&cmpt=q
19k bid wall at $76
Are we into the Cryptocurrency Wars now? Litecoin advocates tryna step up?
Look closely between 3PM and 7:30PM...
someone(people) knew...
may be a good indicator of imminent corrections going forward.
Yeah I'm thinking the Litecoiners are trying to orchestrate selloffs to boost Litecoin's value. They've been very aggressive on /r/Bitcoin recently. They must include some early Bitcoin adopters who are envious that they weren't the super-early adopters, so they may still have a ton of Bitcoin to play with.
This is a possibility. Anyone who tries to "promote" litecoins are either stupid or trying to take advantage of stupid people. There is no other type.
Lol! Why the hate? You don't like crypto coins?
LTC is awesome for when BTC gets forked, or has no block for 1.5 hours.
I see since the pirate ship has sailed you have been very active in LTC.
For those of you who do not know, Goat here operated a pass-through service for one of the largest bitcoin ponzi schemes in the communities history. Since its collapse he's been very active in the promotion of LTC. He's just looking for suckers, don't be one of them.
LTC is a ponzi/scam! Save your BTC as it is the true and only pure cryto coin!
And yes my involvement with Pirate/Theymos/Nefario is very well known. However that relates to
LTC is lulz at best.
LTC is not a ponzi scheme. Its simply redundant.
The way this relates friends, is that goat would fleece you in a hot second and LTC is his current vehicle of doing so.
Are we into the Cryptocurrency Wars now? Litecoin advocates tryna step up?
Look closely between 3PM and 7:30PM...
someone(people) knew...
may be a good indicator of imminent corrections going forward.
Yeah I'm thinking the Litecoiners are trying to orchestrate selloffs to boost Litecoin's value. They've been very aggressive on /r/Bitcoin recently. They must include some early Bitcoin adopters who are envious that they weren't the super-early adopters, so they may still have a ton of Bitcoin to play with.
This is a possibility. Anyone who tries to "promote" litecoins are either stupid or trying to take advantage of stupid people. There is no other type.
Lol! Why the hate? You don't like crypto coins?
LTC is awesome for when BTC gets forked, or has no block for 1.5 hours.
I see since the pirate ship has sailed you have been very active in LTC.
For those of you who do not know, Goat here operated a pass-through service for one of the largest bitcoin ponzi schemes in the communities history. Since its collapse he's been very active in the promotion of LTC. He's just looking for suckers, don't be one of them.
I doubt BitcoinTip is serious; he seems to just like the attention his words get him. But if anyone wants me to escrow a bet, I'll do it for free.
So if you want me to do this, please PM me. I'm likely to miss posts in this thread because there are so many of them.
It's amazing.
After that sell-off its looking at punching $95 again...
After that sell-off its looking at punching $95 again...
I'm sorry, but which ticker are you looking at? Bitcoinity for me is reading $89. I hope you are right, of course. I'd hate to wake up to find it at $60/btc.
Thinking about cashing out for the weekend. Thoughts?
If you think that bitcoin can get more publicity in the near term, hold.
If you think that we are at the peak of media attention, sell.
Or do as I did, sell what you can't afford to lose, keep the rest long term.
retracted
It's amazing.
After that sell-off its looking at punching $95 again...
After that sell-off its looking at punching $95 again...
I'm sorry, but which ticker are you looking at? Bitcoinity for me is reading $89. I hope you are right, of course. I'd hate to wake up to find it at $60/btc.
Thinking about cashing out for the weekend. Thoughts?
Don't. You'll just be buying back higher by Sunday at best
It's amazing.
After that sell-off its looking at punching $95 again...
After that sell-off its looking at punching $95 again...
I'm sorry, but which ticker are you looking at? Bitcoinity for me is reading $89. I hope you are right, of course. I'd hate to wake up to find it at $60/btc.
Thinking about cashing out for the weekend. Thoughts?
It's a trap, people know people are thinking the long weekend will slow it down. Sunday morning will be an ATH.
It's amazing.
After that sell-off its looking at punching $95 again...
After that sell-off its looking at punching $95 again...
I'm sorry, but which ticker are you looking at? Bitcoinity for me is reading $89. I hope you are right, of course. I'd hate to wake up to find it at $60/btc.
Thinking about cashing out for the weekend. Thoughts?
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