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Topic: Why the sudden $0.30 rise? - page 3. (Read 6672 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
January 10, 2013, 04:15:07 PM
#60
My explanation, few peoples with cash realized that bitcoins are really under valued.  They bought because they understood that BTC under 20 U$ are cheap !

You really have it with logic, hmm?

What a usefull post !  this may explain yhe color of your ignore button ;P

Yes it does.

I remember back after the $35 bubble people were saying that a BTC is really something like $50 and $15 is really cheap!
legendary
Activity: 1002
Merit: 1000
Bitcoin
January 10, 2013, 04:12:17 PM
#59
My explanation, few peoples with cash realized that bitcoins are really under valued.  They bought because they understood that BTC under 20 U$ are cheap !

You really have it with logic, hmm?

What a usefull post !  this may explain yhe color of your ignore button ;P
legendary
Activity: 1002
Merit: 1000
Bitcoin
January 10, 2013, 04:11:18 PM
#58
It's just because we can't mine trillions of coinz.
Wait until the debate moves on to the quadrillion-coin.

Indeed, the presure down from miner selling mined coin got halved since late november.. Take a look, the price chart indicate a nice upward trend since the halving day. 

Half presure down..  Less big sell from miner.. all the way BTC should be.  My bet, a steady, +20$ before summer !
legendary
Activity: 2352
Merit: 1064
Bitcoin is antisemitic
January 10, 2013, 04:07:05 PM
#57
It's just because we can't mine trillions of coinz.
Wait until the debate moves on to the quadrillion-coin.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
January 10, 2013, 04:02:51 PM
#56
My explanation, few peoples with cash realized that bitcoins are really under valued.  They bought because they understood that BTC under 20 U$ are cheap !

You really have it with logic, hmm?
legendary
Activity: 1002
Merit: 1000
Bitcoin
January 10, 2013, 04:01:28 PM
#55
My explanation, few peoples with cash realized that bitcoins are really under valued.  They bought because they understood that BTC under 20 U$ are cheap !
hero member
Activity: 700
Merit: 500
January 10, 2013, 03:31:31 PM
#54

This would be my bet. From what I understand lot of the traders on Mt Gox are actual banking and finance types trading on their own, who have the money to keep pushing BTC value upwards. Unlike with the Silk Road bubble where people were just pushing up the price because they wanted online drug buying tokens and dumped them because "Tor is hard" and the threat of a crackdown appeared, this round of money boosting BTC is buying because they are investing.

When good news happens like the BitPay funding they are going to feel bullish. The best thing we can do as bitcoiners is not do stupid shit like send half a million bitcoins to the next Pirate, allow any services we might run to get hacked repeatedly (cough, bitcoinica), or otherwise as a community do anything stupid enough to get a negative bitcoin stories on Slashdot or Ars Technica. If we want to see the price of bitcoin continue up, we have to keep up the good news.
legendary
Activity: 1834
Merit: 1019
January 10, 2013, 03:10:31 PM
#53
Wordpress using it warmed them up to the idea and now the techcrunch article on bitpays recent funding finally made a few of my merchant friends start accepting bitcoin Smiley
The idea is spreading ...
for those watching...

You have now entered, "The Profit Taking Zone"



Don't worry, the cycle starts back over in 1-4 months!
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
January 10, 2013, 03:01:31 PM
#52
Wordpress using it warmed them up to the idea and now the techcrunch article on bitpays recent funding finally made a few of my merchant friends start accepting bitcoin Smiley
The idea is spreading ...
for those watching...

You have now entered, "The Profit Taking Zone"

sr. member
Activity: 350
Merit: 250
January 10, 2013, 02:49:53 PM
#51
Wordpress using it warmed them up to the idea and now the techcrunch article on bitpays recent funding finally made a few of my merchant friends start accepting bitcoin Smiley
The idea is spreading ...
for those watching...

You have now entered, "The Profit Taking Zone"
hero member
Activity: 602
Merit: 508
Firstbits: 1waspoza
sr. member
Activity: 350
Merit: 250
January 10, 2013, 02:10:42 PM
#49
pausing at the top of the coaster, is it a drop or another hill next?
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
January 10, 2013, 02:04:45 PM
#48
420
hero member
Activity: 756
Merit: 500
January 10, 2013, 02:02:53 PM
#47
The bitpay news hit around the same time...could be related.

what bitpay news
donator
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
January 10, 2013, 11:37:17 AM
#46
Hold! Hold! Hold!
legendary
Activity: 1764
Merit: 1002
January 10, 2013, 11:34:35 AM
#45
it was destined to happen.  this is from one of my updates.  i drew this triangle for my subs back on 12/28/12 and had been recommending a buy.  see that green ascending arrow at the end of the triangle?  price started up to the day from there which was 1/3/13:

Total BS. You were way off. Check the history. Prices did not start rising on 1/3/13 as you claim here. They were flat for another 5 days until 1/8/13.


you are wrong. 

sr. member
Activity: 323
Merit: 251
January 10, 2013, 11:30:28 AM
#44
it was destined to happen.  this is from one of my updates.  i drew this triangle for my subs back on 12/28/12 and had been recommending a buy.  see that green ascending arrow at the end of the triangle?  price started up to the day from there which was 1/3/13:

probably same with s3052 and other "analysts". The technical picture was clear... the robo-sheep act on it.

Thanks robo-sheep!

you are right. the underlying factor behind technical analysis is psychology = herding behavior. but it works...


Markets are anti-inductive. If everyone believes in a technical phenomenon, then that pheonomenon will stop working as a result of people trying to front-run it.
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
legendary
Activity: 938
Merit: 1000
chaos is fun...…damental :)
January 10, 2013, 10:12:16 AM
#41
Yes problem is pll will remember a pattern they have seen already, even if it is random. So if I use mtgox data it would be possible to "cheat"
Is there any way to get chart data from stocks/forex/etc?
do you want 1min or 5 min data compatible with sierra chart ?

tick data are way to much GB
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