Bitcoin Forum

What is the trend right now.

Cheers

Hold or sell. I wouldn't buy right now.

i'd buy as much as you possibly can. take a few loans out if you can.

lol and then beg after that...

and then some one who has left over BTC (when their values reach 1cent = BTC) will give you some!

lol

I had hoped for a triangle breakout yesterday. We're now approaching convergence, so my fear is that the breakout will be more explosive than it would have been had it occurred earlier. (i.e. more support/resistance lines broken)

My personal prediction (and position) is that we're nearing the end of price discovery mode post-crash, and we're due one more correction. Its resolution will swiftly serve as the signal to the growing number of people holding money on the sidelines, and we reach new highs before the (resumed) rally concludes.

That's my guess.

What is your low? where will we drop to. You can give a range.

See, that's my concern.  That with the breakout being more explosive,I'm afraid that lower downsides are possible. 

Before resumption of uptrend, my guesses at the likelihood of touching recent low-points:

Chance of touching $100 - 80%
Chance of touching $97 -   50%
Chance of touching $79 -   33%
Chance of touching $50 -   10%
Chance of falling below $50 - 1%

Of course, this assumes no game-changing news/events affecting the market.

It'll be interesting to see how this one plays out.

Interesting well speculated.

What is your time frame on this?

After we break out we are going up.

Holding on strong burtha. :)

Half fiat, half coins.
I think the next big news will determine the direction we will be heading.

I say watch the price tomorrow considering the last rally was around the same time or next week Monday,if nothing time to sell.

I would not do this.

Whatever could go wrong?

Bitcointalk's speculation forum is a board full of outrageous bulls. The obvious majority of this poll is going to be hold.

we are going up. i'll check back in 6 months when we are somewhere over 6000 range

Hold on tight and try not to let go.   ;D

I think the general bitcoin community feels bitcoin is worth atleast 100. Right now, i feel we are at steady seas till some big players move in or something dramatic happens.

Looking at the 6 month trend graph, it looks like the trend line of the peaks and trend line of the bottoms converge to approx 115ish. I can see us staying there for a bit.

http://youtu.be/Jtie6r27JeU?t=30s

The amount of USD on Gox is building up again. I think it's looking good.

http://blockchained.com/depth_mtgox.png

http://blockchained.com/depth_mtgox_15d.png

Lol almost 50 / 50 % between bulls and bears it seems :)

Totally called it when price was at 110.

Who the hell keep saying sell? Price keep increasing yet people keep saying sell  :-\ Yeah well if you want to sell nice for you, more cheap coins for us

and now?

HOLD, moving to SELL if no new buyers emerge soon to push up volume

Stalemate!

I love how people get all confused when the price isn't shooting wildly in every which direction.

So, wait, the price not moving up $10 a day is bearish? I don't get it ;D First we complain about price moving up too fast, now it's not moving up fast so we sell? Ehh. Time to go to bed.

If bitcoin stayed at $115 for the next 2 months would you be happy? Think about that for a bit. ;)

Back a few months ago when bitcoin was just 10 dollars... I wonder if the amount of people investing in bitcoin now is 10 times that amount then maybe it isn't so overvalued after all?

I have a bad feeling though.

1. Bitcoin at $10 was significantly undervalued.
2. Inflation rate (reward per block) halved few months before rally started.

These reasons make $10/BTC impossible again (of course if no major negative fundamentals like SHA-256 break or MtGox closed by govt).

I wouldn't call "hold" a bullish call. It represents the sentiment that BTC are being appropriately valued.

I'm thinking there might another slight sell off due to the blockchain news (http://siliconangle.com/blog/2013/05/13/bitcoin-blockchain-hard-fork-coming-may-15th-final-warning/).

Hold and wait, with a finger on the trigger, ready to fire at any moment ;)

I wonder if people will just hold until then and if nothing changes the price will go up?  It is hard to know what people will do though. 

To those who clicked sell, send me a whisper  :)