Topic: We need to pass $547 to see a REAL jump! - page 9. (Read 10625 times)
yes ... we need to! to the moon!
This is what I noticed. It was sub 400 for a while (few days - few weeks) then it crept up to 420 ish and so on. Maybe it might be a slow upturn, a shot up, back down. My guess is a slow steady uptrend.
It was sub 400 for few hours only.
I think my chart site is broken...it's been 494 all day.
In fact, I think they're all broken. Even reloading, no change.... broken.
Yours?
In fact, I think they're all broken. Even reloading, no change.... broken.
Yours?
Yesterday I thought it was gonna break 500. It is a psychological barrier because once it is passed, who know the limits
And tomorrow is thursday. For some reason Thursday (sometimes) are known for crazy things (the thursday dump of 4/11/14, big orders on bitstamp (buy/sell) etc.
I think my chart site is broken...it's been 494 all day.
In fact, I think they're all broken. Even reloading, no change.... broken.
Yours?
In fact, I think they're all broken. Even reloading, no change.... broken.
Yours?
Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic. 
Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter
wouldn't be surprised if the whale team were using both major exchanges.Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs.
$547 seems totally possible assuming consistent/increased trading volumes.
I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT
Either way, interesting 2days to follow!
I am all FIAT too.. we need a steep downtrend to refill the btcbank.
If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ...
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
I m curious about the reason why "my guess is that bitcoin is under-valuated regards its market.cap" and "bitcoin should worth at least 6 Benjamins". Something to back such wild guessing?
He's just mathematically speaking.
1300/12 = x/6 ; find x ; x = 650$.
But this is assuming that the BTC supply stayed the same from when it was 1,300 to now. At 3,6000 BTC a day (lets assume 5.5 months = 165 days) * 165 days = 594,000 BTC introduced (or so) since then
If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ...
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
I m curious about the reason why "my guess is that bitcoin is under-valuated regards its market.cap" and "bitcoin should worth at least 6 Benjamins". Something to back such wild guessing?
If you think in terms of "stocks" my guess is that bitcoin is under-valuated regards its market.cap ... when we reach the golden price of 1300 that market cap. was 12 billions .. now we're 6B and bitcoin should worth at least 6 Benjamins ...
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
intro about
Price and Market Capitalization
http://www.youtube.com/watch?v=fa-VZ-SDxgY
To see a real jump we need to pass $666
because I'm in FIAT
Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash.
Probably right - we'll aim to buy-in at next "crash". 
because I'm in FIAT
Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash.
I thought this time it was gonna be different
People never learn. I have shorted at $500 even on bitfinex..
Not a very clever short. When you see these impulse moves in Bitcoin you need to keep away from the short trades. We have had a lesser wave 1, a lesser wave 3, are currently in a corrective 4 and are awaiting a Wave 5 (that means more sharp upside). The wave 4 we are in seems to be a bullish ascending triangle formation just under $500 and it is more likely than not in my view, that there will be another impulsive leg up to mid/lower $500s before any kind of proper correction set in. There is also a good argument for $445 being the starting point of a larger Wave III move. If that turns out to be the case, then short sellers who prove too stubborn to take a loss could end up getting slaughtered. I know, I have been there.
you are currently $5 in the green on your short trade. I would take that if I were you.
So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump?
This is how bears in denial see jumps.
Or a permabull angry that it didn't hit 300k already.
$600 was a strong support level, it will surely play a strong resistance level as well.
So, according to OP's logic, today's jump from 450 to 495 is a FAKE jump?
This is how bears in denial see jumps.
Or a permabull angry that it didn't hit 300k already.
because I'm in FIAT
Ok so observe your bitcoin 101 lesson: "Missing the train", will be followed by a homework assignment "Panic buying higher", passing grade is buying in right before the next crash.
Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic.
Heard Huobi started this pump followed by BStamp 10min after? Doesn't really matter
wouldn't be surprised if the whale team were using both major exchanges.Around 74,000BTC on Huobi and 30,000BTC on BStamp past 30Hrs.
$547 seems totally possible assuming consistent/increased trading volumes.
I'm hoping this time round we test but don't penetrate $500 barrier and trend towards $430, only because I'm in FIAT
Either way, interesting 2days to follow!
Seemed like Huobi was hesitant to follow the rally today, but is now only lagging $5 or so behind. Kinda undecided tbh about where we go from here, but 547 sounds optimistic.
Even the Chineses are buying again, with the bitcoin price in yuan up about 8% . But with no official policy statements forthcoming, the events of the past several days still leaves a cloud of uncertainty hanging over bitcoin in china.
Here's why that's probably not going to change for a while...
Here's why that's probably not going to change for a while...
Today's move "could" be a fake rally but i have a very strong stance that we will test $547 .USD..
I am not sure if we will get through it.. But Just like I advised over the week we should have no problems testing $547 on bitfinex.
Now whether we can get through it is another story ...
I also am starting to hear rumors that if they are true could swing the market up very fast. And movement of $50-$100 in a day would create serious pressure on shorts and longs either way.
Lets see...
I am not sure if we will get through it.. But Just like I advised over the week we should have no problems testing $547 on bitfinex.
Now whether we can get through it is another story ...
I also am starting to hear rumors that if they are true could swing the market up very fast. And movement of $50-$100 in a day would create serious pressure on shorts and longs either way.
Lets see...
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