Bitcoin Forum

Economy => Speculation => Topic started by: ehoffman on March 21, 2013, 10:00:09 AM



Title: $70 today?
Post by: ehoffman on March 21, 2013, 10:00:09 AM
All time high again at 67~68...


Title: Re: $70 today?
Post by: BitPirate on March 21, 2013, 10:08:20 AM
We just might....

Craziness.

I just watched China shoot up from 415 to 440 CNY.

PANIC BUY PANIC BUY PANIC BUY  ;D


Title: Re: $70 today?
Post by: yokosan on March 21, 2013, 10:11:51 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 10:14:11 AM
Again, there's a wall at 68.91.  But you know, yesterday someone bought 25K BTC...  So everything's possible.


Title: Re: $70 today?
Post by: samson on March 21, 2013, 10:14:21 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.

What time zone ?


Title: Re: $70 today?
Post by: klee on March 21, 2013, 10:14:51 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.
Can you elaborate some more on this please?


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 10:15:29 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.

What time zone ?

In 3 hours that's your timezone + 3 hours :)  I love speculation forum!


Title: Re: $70 today?
Post by: Bit_Happy on March 21, 2013, 10:20:44 AM
Why not $84.50?   :D


Title: Re: $70 today?
Post by: yokosan on March 21, 2013, 10:24:23 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.
Can you elaborate some more on this please?

http://bitcoincharts.com/charts/mtgoxUSD#rg2ztgSzm1g10zm2g25zxzi1gMDXzi2gMFIzv


Title: Re: $70 today?
Post by: Vladimir on March 21, 2013, 10:26:38 AM
Do you people think there is only one guy out there with 2+ million USD to burn who wants some bitcoins now at market?

Do you people think these guys that are buying 2 million USD worth of bitcoin in one go are going to daytrade it?


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 10:33:47 AM
It's fun to see that someone buying 25K BTC now would bring the price to 95!  :P


Title: Re: $70 today?
Post by: KTE on March 21, 2013, 10:50:36 AM
If my calculations are correct happen to produce the same end result as reality by sheer luck, we will hit $70 in 3 hours time.


Title: Re: $70 today?
Post by: samson on March 21, 2013, 11:02:34 AM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.

What time zone ?

In 3 hours that's your timezone + 3 hours :)  I love speculation forum!

I was referring to the mid day tomorrow part. It's till yesterday in the US and it's 6pm here.


Title: Re: $70 today?
Post by: Mageant on March 21, 2013, 11:36:04 AM
It appears there is a huge sell wall of 8000 BTC at 69$.
That has to go down first.


Title: Re: $70 today?
Post by: sounds on March 21, 2013, 11:41:28 AM
Currently BTC8927 ask at $68.90583
BTC8963 to get to $68.999
BTC9367 to get to $69.000

I think someone in the US is fast asleep and will wake up and panic cancel their sell order.


Title: Re: $70 today?
Post by: BitPirate on March 21, 2013, 11:44:10 AM
There's potentially a big leap up after this. With the rate money is pouring in... a little pause at 68.9 with this wall... All hell could break loose afterwards. $80? $150?


Title: Re: $70 today?
Post by: cbeast on March 21, 2013, 11:46:36 AM
Do you people think there is only one guy out there with 2+ million USD to burn who wants some bitcoins now at market?

Do you people think these guys that are buying 2 million USD worth of bitcoin in one go are going to daytrade it?

Not I.


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 12:17:24 PM
I think it will settle down there at ~68.8 for a while until someone big decide to invest...  So it's time to take a break of watching that ticker!


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 02:05:44 PM
2 days ago, we got a big buy spike at around 14h~15h (GMT).  Yesterday, we got a spike at around 15:30.  So, waiting for a big move in the next hour or so?  ;)


Title: Re: $70 today?
Post by: KTE on March 21, 2013, 02:51:50 PM
If my calculations are correct, we will hit $70 in 3 hours time.

Better go back to the blackboard I guess.


Title: Re: $70 today?
Post by: phlogistonq on March 21, 2013, 03:01:30 PM
Two possible, mutually exclusive scenarios:

1. A big buyer decides it is time to join the fun, buying the wall and a lot more.

2. We hover below 69 for a while, as we did below 50 untill the 12 hour SMA catches up, which so far has been a quite consistent signal. This may take a day or two, and given the approaching weekend it may even take until monday before we continue. This will allows some time for the bid wall to build support, and for people to become confident in the new price.

http://www.bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourztgSza1gSMAzm1g10zm2g25zv (http://www.bitcoincharts.com/charts/mtgoxUSD#rg60zig12-hourztgSza1gSMAzm1g10zm2g25zv)

Either way, after that we are on our way up again.


Title: Re: $70 today?
Post by: prof7bit on March 21, 2013, 03:10:06 PM
If my calculations are correct, we will hit $70 in 3 hours time.

Better go back to the blackboard I guess.

71.8 is correct, I can confirm that my calculations (which have been made independently) are leading to the exact same number, after 71.8 price will drop again. Time is difficult to guess (and not so important anyways) but price is right.


Title: Re: $70 today?
Post by: nwbitcoin on March 21, 2013, 03:30:13 PM
It will hit $70 today, but in all honesty, I want it to stop so that Litecoin can catch up!

I have all my cash in LTC for that rise a week or so ago, and didn't sell when I should.

So, now that bitcoin is gone silly, Litecoin is retreating, and I have to wait for them both to catch up again! ;)

I would guess that $70 + is the maximum for a few days, but with all the bitcoin in the news as a potential fix for Cyprus, its going to attract some new money - and the whole pattern gets changed again!





Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 03:56:33 PM
Comming soon!  6KBTC buy!!!

Edit: WALL CRUSHED!!!


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 03:58:33 PM
DONE!  70 Oh fu***ng lord!


Title: Re: $70 today?
Post by: Britainacoin on March 21, 2013, 04:01:32 PM
$70 done. Yes!


Title: Re: $70 today?
Post by: deathcode on March 21, 2013, 04:01:48 PM
If my calculations are correct, we will hit $70 in 3 hours time.

It will rise to around $71.8 before falling back down to $68.3.

It will then continue to rise again and stay above $70 in a more stable manner from mid-day tomorrow.

What kind of calculations are that?
just saying because we just touched $70


Title: Re: $70 today?
Post by: Newscastix on March 21, 2013, 04:02:21 PM
$70 done. Yes!

wow... that was.. sorta unexpected so fast....


Title: Re: $70 today?
Post by: SgtSpike on March 21, 2013, 04:03:36 PM
What, where??  MtGox still shows a high of $68.90583 for me.


Title: Re: $70 today?
Post by: NamelessOne on March 21, 2013, 04:04:06 PM
What, where??  MtGox still shows a high of $68.90583 for me.

71.24 now


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 04:04:21 PM
71.25$ high, with >3 minutes lag!


Title: Re: $70 today?
Post by: iswi on March 21, 2013, 04:04:54 PM
is an irregular rise at some point will fall... I think
71.25 now at Mt.gox


Title: Re: $70 today?
Post by: majorddf on March 21, 2013, 04:05:06 PM
Yup kicking around $71 now.

Looked like a sudden spurge of buys at 16:00 local and up it went.


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 04:05:40 PM
is an irregular rise at some point will fall... I think
71.25 now at Mt.gox

It may well be...  But at least that wall is broken  ;)


Title: Re: $70 today?
Post by: SgtSpike on March 21, 2013, 04:05:44 PM
What, where??  MtGox still shows a high of $68.90583 for me.

71.24 now
Weird.  I just checked mtgox.com and it shows $68, despite my repeated refreshes.  Bitcoinity shows the proper price though.


Title: Re: $70 today?
Post by: Kartoff on March 21, 2013, 04:07:25 PM
http://store.picbg.net/pubpic/5C/41/ceddf7bab2435c41.JPG


Title: Re: $70 today?
Post by: shkiser on March 21, 2013, 04:10:38 PM
GGYEEAAA http://stream1.gifsoup.com/view2/3556934/young-jeezy-dancing-o.gif


Title: Re: $70 today?
Post by: ehoffman on March 21, 2013, 04:56:42 PM
Oh sh!t...  Spike up again!  Rally for 75$?


Title: Re: $70 today?
Post by: deathcode on March 21, 2013, 05:06:56 PM
Oh sh!t...  Spike up again!  Rally for 75$?
$74.... dammit money TRANSFER ALREADY.......
Have 3K sitting in the limbo now... waiting to get to MTGox...


Title: Re: $70 today?
Post by: BTC Books on March 21, 2013, 05:11:22 PM
Do you people think there is only one guy out there with 2+ million USD to burn who wants some bitcoins now at market?

Do you people think these guys that are buying 2 million USD worth of bitcoin in one go are going to daytrade it?

Not I.

Nor I.

What I'd really like to know, is what's happening on the dark market.  If this kind of money is showing up on Gox - how much is buying in dark?  And think about it:  an off-Gox discount is at market, an hour or two later.

No.  No daytrading here.  This money is serious.


Title: Re: $70 today?
Post by: Mageant on March 21, 2013, 05:12:08 PM
I'm wondering if this is the Bitcoin Hedge Fund or some other institutional investor who has been buying large chunks of Bitcoins recently.


Title: Re: $70 today?
Post by: BTC Books on March 21, 2013, 05:13:47 PM
I'm wondering if this is the Bitcoin Hedge Fund or some other institutional investor who has been buying large chunks of Bitcoins recently.

One would think.

After the dust settles, the blockchain analysis begins.


Title: Re: $70 today?
Post by: CecilNiosaki on March 21, 2013, 05:32:01 PM
Waking up scares me. The price always seems to rise o0


Title: Re: $70 today?
Post by: KTE on March 21, 2013, 05:59:32 PM
If my calculations are correct, we will hit $70 in 3 hours time.

Better go back to the blackboard I guess.

71.8 is correct, I can confirm that my calculations (which have been made independently) are leading to the exact same number, after 71.8 price will drop again. Time is difficult to guess (and not so important anyways) but price is right.

Better go back to the blackboard I guess.


Title: Re: $70 today?
Post by: boscorocks on March 21, 2013, 06:10:52 PM
$70 today? why lowball, tomorrow try $80 or $90

At the rate it is going, I would not be surprised. Heck lets go for $100 by tax day!

Also, Coinbase is down and they haven't had any available BTC for a couple of days now. I knew March was going to be a crazy month, but this is beyond what I imagined!


Title: Re: $70 today?
Post by: carborundum on March 21, 2013, 06:16:16 PM
$70 today? why lowball, tomorrow try $80 or $90

At the rate it is going, I would not be surprised. Heck lets go for $100 by tax day!

Also, Coinbase is down and they haven't had any available BTC for a couple of days now. I knew March was going to be a crazy month, but this is beyond what I imagined!

$100 in the next few weeks looks very possible. Amazing


Title: Re: $70 today?
Post by: alcibiades on March 21, 2013, 06:35:41 PM
$70 today? why lowball, tomorrow try $80 or $90

At the rate it is going, I would not be surprised. Heck lets go for $100 by tax day!

Also, Coinbase is down and they haven't had any available BTC for a couple of days now. I knew March was going to be a crazy month, but this is beyond what I imagined!

I've been able to buy from coinbase in the late morning hours, Pacific time. I've been trying every couple of hours, but that was when it worked.