Bitcoin Forum

I know it for sure, it's stayed under $35 since like forever.

lol

+1

Confirming that we will now reach $30 later today.

I have seen it hit $30 three times now, but the High price refuses to update....

Your eyes are playing tricks on you.

It hit $30.99 on cavirtex.com yesterday and CAD is on par with USD.

bears clearly gone insane! This is bullish sign. BUY!

If you're looking at the mtgox.com page, it will show you the high price in USD, but the last price in whatever currency it happened but converted to USD. I don't like it that way (I think they should keep it all consistent, either USD or last currency) but that seems to be the way it works. So it's quite possible for it to show the last price above 30 (if someone bought BTC with Yen, for example) but the high price remains under 30.

bitstamp was already > $30 yesterday.

Ha ha ha ha. Well, it's for sure then.

Don't you mean it's stayed under $30 for a year and a half now?

Oh yes it is: we have proof already: still under $30 for another 8 hours, so it's true.

It's STILL under $30??! This surely means a drop into negative values.

Most likely scenario.

That is why I will only buy back in when I am paid at least $1 per BTC.

sold some for $30.05 at bitstamp yesterday

This is the staredown.  No one wants to make a move.  Where's the popcorn?  Who will win???? :D

I will pay you $1 per BTC NOW! You can buy back your USD from me. goxCode ok? How many?

Contrary to common belief this is possible once one bitcoin represents more than $1 of (defaulted) credit card debt on average. Buying BTC for credit has been trending these days so guess what?  :P

For a second I thought the OP was BitHappy

It has been under $30 for 18 months.  ;)

all you need to do is read and learn about the cup and handle and you will see exactly where we are.

Last price:$29.99547

looked into the "Cup 'n' Handle" formation but we have had a 15k-5k-8k wall in front of it, so i guess it's like the shrinking triangels pattern against a ressistance, with a larger cycle time than triangles?

what is a bull

It is a bear who bought bitcoins

http://bit.ly/157zq9L (http://bit.ly/157zq9L)

a bull:
thinks price will go up

a bear:
thinks price will go down


a bullish bear:
thinks the price will go up long term but is to damn high right now and will sell a few coins to profit off the crazy swing up

a bearish bull:
thinks the price will one day be close or near 0, but feels he can safely can make a profit buying holding and then selling in the short / mid term.

a bearish bullish sheep:
this guy sells low and buys high all the time.  :D

thanks

http://i.investopedia.com/inv/dictionary/terms/Cup_and_Handle.gif

I always thought the handle was a sideways pattern.

Is the rally afterwards included in the cup & handle pattern?

Just bought 10 BTC @ 30.25 on www.cavirtex.com (http://www.cavirtex.com) :D
Edit : Last Tx already at 30.61 !

Gox is no more the leader of this rally !

IMO, to soon to call the handle,..  The cup and handle may not apply !

There is also the
http://www.investopedia.com/terms/d/doubletop.asp
http://i.investopedia.com/inv/dictionary/terms/Doubletop.gif
Anybody who claims to know we gonna see the one or the other is full of shit.

I would've swapped these 2 definitions.

Me too; I was just thinking that.

Ok, new topic: "Bitcoin is never going to hit $50"  its tapping 30 on and off all day and on other exchanges.

Welcome to the speculation sub-forum :P

But seriously, anyone who says we're in an X pattern or Y pattern are just yakkin' and it's all post hoc ergo propter hoc reasoning to make the pieces fit.

[deleted]

"The time between the two peaks is also a determining factor for the existence of a double top pattern. If the tops appear at the same level but are very close in time, then the probability is high that they are part of the consolidation and the trend will resume."

http://en.wikipedia.org/wiki/Double_top_and_double_bottom

Once above old high, it is all free sail

Up sail or down sail? :)

yup it only hit $29.97 today.

NEVER....lol...for shits and giggles I agree haha  :P

Read the quote again ;)
That didn't work out so well for ya did it?

no one can predict the future but you certainly can look at all the components of the cup and handle formation and that will give you an indicator of how strong it is. Things like

potential failure:
the handle should not drop below the top half of the cup formation
the price should not drop below the 200 day Moving Average

It's just my opinion, just like anyone else can have their opinion, but when I look at all the indicators of the formation,  everything for me points to a very strong formation indeed.

For those looking positive, the target price is usually the difference in depth of the cup added to the high point, so we could be looking at $32+($32-$2) = $62

$30 totally never happened.

Holy shit, man. This inability of yours to predict things is truly uncanny. Not sure how, but you should be able to market this anti-skill somehow!

It might break past $30, but I'm pretty sure it'll smack down hard not long after that.  We won't be over $30 for very long.

I think I have established to myself it is impossible to predict the price of bitcoins. I've been watching the market since last September, and while it has only gone up from about $12 to what it currently is, there is no short term indication of any reliable up/down movement. Sure I guess over time it might go up some, if you like investing several thousand into a decentralized computer based currency, to only get a 10-20% return over 3 months.... In the stock market world that is a great return, but I don't think it's worth taking with bitcoins.

**Gasp** Does this mean if bitcoin goes over 30 it won't be coming back?

Wait, have you been "pretty sure" on your previous predictions, or absolutely certain? Just want to clarify.


I don't think there has been a more reliable indicator than proudhon, if someone else has found one, let me know.

Wasn't proudhon predicting single digits by April 15th?  Does that mean that it'll be triple digits?

Well, basically if Proudhon turns into a bull, we know its the time to sell. If he's saying sell, then buy buy buy. ^

Oh sweet jesus you're like some sort of reverse prophet! Keep predicting things please.


More or less :D

lolololol

This threads title has taken on a new meaning.

ya lol OP should make a brand new username

lucif

LOL!

That's assuming you can figure out what the hell he's saying.

well, he started his thread when the price was 13.13 and he admitted he was short.

so how much of a loss is that?  i can't count that high.

You jinxed it.

edit: bad spelling.

What "not long mean" for you ?

I'm tempted to call the same as I called when we go trought 20 ! 
Ok, I'll call it  :
Last days you may be able to buy at 30 or less.. ever ;P

The old high is just a psychological barrier, there were not so many coins traded there, the sell presure is almost zero, beyond that, no existing sell presure

Its at Thirty, You are wrong ;D

LOL

If someone sold 50,000btc right now we would drop from $31 to $25
If someone bought 50,000btc right now we would rise from $31 to $194+ (can only see up to 48.7kbtc)

nice perspective!

Most of these types of transactions do not take place in the public exchanges.

LOL i didn't actually say that would happen did i???  ::)

Well, there is this common myth that the orderbook is actually accurate. But there is a lot more slippage than you would think with the larger amounts.

Now it's staying under $30 again. I have to agree now after this reinforcing repetition: We'll never going to break $30.

30 right now

someone start another never going to see $50 and then followed by $100

hold on let me empty my bank account before anyone does this

Omg never at x now y... Jeez' ever see the movie: Never say Never? ... Just because the current active trades have only 50k showing doesn't mean that's all what's available.  Others with a stash will open up their wallets and sell. We're not all horders.  :-*

It 's all good.  Easy on the panics and hysteria. Have a nice chamomile tea. Maybe Valium.  ;D Try not tho watch the current BTC value by the second.  Don't forget to eat either...

TC

Bitcoin is never going to stop hitting $30 ;)

I did a while ago - https://bitcointalk.org/index.php?topic=140394 (We'll "never" hit $100 again.. ) *wink*

:)

OP should just change the thread title. That way we don't have copy/paste every post.

I like this idea. Perhaps it could be automated so that each time we hit a high price the thread automatically predicts a new impossible ceiling.   

No worries, now people are competing to be the next "never again" thread starter.

1+

You watch Justin Bieber movies?
What's wrong with you?

LMAO

Classic........

why is it going up so fast i don't understand

Demand and supply

WTF is Justin Bieber?  and after I googled that .. How do YOU know?  lol.

I meant:  http://www.imdb.com/title/tt0086006/   obviously. 

More exactly: Relatively high demand and low supply.

LOL. unicorns.......... it's all unicorns from here on out.

Btw, OP need to alter $35 to something more reasonable ------>>> $50

unicorns doesn't real though.

Bears will say otherwise.......

I'm so glad this post warned me that the price was never going to hit $35.   Should the title be changed again so the OP can be wrong three times.

i love the fact such a prediction will be recorded for all time as wrong

$36.0xxxx

I'm sure i'll never hit 40, it's been under 40 for like forever!  ;D

Wow, the logic is very clear and easy to understand with this one. 

/* Forum bear updater */

     #include <stdio.h>
     #include <time.h>

int main(){

     A% = fetch Mt.Gox_price (int ++1)
printf "The price of bitcoins will never reach %A !"
     return 0;
}

Now we can always maintain a bear thread.  :)

I know this would not run

 ;)

You actually tried compiling it?  lol

this code is just as good as typical TA in this forum :)

fixed that for you:

i thought you mean it will never again fall down to 35.. right?

oh lol. few minutes ago, my script would have actually saved your prediction! haha.

this is going to be ballisticcccc :)

Loool. Code has ab out 10 mistakes

Lets get this guy outta here  :D he's always wrong ;D
http://twilight.ponychan.net/chan/pic/src/133397264841.gif

Alright, where the never 40 thread at?

I think we agreed it'd make more sense to just keep changing the thread title.

Ok.. surely we'll never hit n, it's been under n for like... forever !  ;D

There's no magic or jinx in terms of btc true value....

n>41