Bitcoin Forum

Maybe.... We need follow through volume for confirmation.

Lol.

1) your upper line is fucked up. You should have connected the upper points, and we did not go higher so far...
2) without 1 close candle higher it does not prove anything.
3) Seems like a range

No he's right, we've clearly broken the trend. But yes, the close price speaks louder than a spot price.

And I always try to avoid following through especially if I've had a curry the night before.

http://www.hostingpics.net/viewer.php?id=4022067062ada0f7287dcfb3fef0a27ed39f31.png
http://www.hostingpics.net/viewer.php?id=4022067062ada0f7287dcfb3fef0a27ed39f31.png

foolish scale

look at the 6month chart instead

I agree this down trend has been broken

not yet

I simply think we have too much scared pussies selling off too early, leading to drops/ not so fast gains.. Anyways glad we saw 90 euro last night hopefully 100 in the few next days.

Looks like this breakout is real. I'll be more confident about it once we're past $125 but it's looking good so far.

Go team green go !

Definitely a bullish market

Market could have broken up or down, this is a really good sign that the market is bullish after breaking out of a symmetrical triangle, the real question for me was which trendline that triangle was building off of, the more short term down trend or the longer-term up that occurred post crash...., and this is coming from someone who was hoping it was not :(

I just bought back in, we'll see how far this rally can go, Murica gonna bring a ton of volume. At least next 24 hours is definitely going to be bullish movement, might even go throughout the weekend. SIGH. No cheap coins :((((((((((((((((((((((((((((((((

Heres a slightly different view of it that I plotted, on a 2 month log scale

http://afbitcoins.files.wordpress.com/2013/05/20130510-bitcoin-2-month-chart.png?w=650

My green line is the top of a very long term trend I've been following, the price has dipped well below it a couple of times after the recent price crash. However those dips came after tremendous falls which to me feels similar to trying to hold an inflated balloon under water.

Its bullish that we are remaining above that trend and that we've broken out of the recent downtrend.

Am I the only seeing that the oscillation created by the bubble/crash has been damped?

This happened during the first bubble too

http://facstaff.cbu.edu/~jholmes/P380/dampedHO.JPG



I say it's gonna slowly go up again. Slowly because some people are still butthurt and cautious.

The market just ate through more than 20k asks in < 3 hours. If we break 125, it is going to go sky high to the 140s. You are witnessing the culmination of market volume that has been built up over the last 6 days just now being let loose...

China money finally reaching the exchanges, or Gyft is giving us a gift?

You decide.

Couple of things, many people trying to buy in got impatient, many traders/speculators that cashed during the stagnation are buying back in (myself being an example), and bots also buying in tandem.

What what happened to


Seems like you were pretty certain and you're experienced in forex AND stocks, clearly you own big boy pants.

Oh Hai, wait a second, you bought back in?


Ahh, that explains why the "ship was sinking" but now it's turned into a rocket ship that's headed to the moon. At least wait 24 hours before you burn your bear costume and turn into a cheerleader. However you seem like a nice guy, didn't start your own thread to announce you sold everything, that's mildly redeeming qualities for a dramatic bear. Welcome back.  ;D

That doesn't mean I'm not going to cash out soon, if I can make 5% from this spike and gain a couple more coins then great.

China + Gyft + Humble Bundle + DigiDeals ;D

market makers

5% up, talk about an anti-climax bulls. :D

I'll keep the popcorn ready, the drama from the upcoming selloff will be hilarious.

My bids are ready.

I think we are not in a bubble. I might change my mind if in about 2 months the downtrend will continue and no new highs are in place.

I really do think that Bitcoin is becoming more and more popular. I don't know how this affects the price given that 3600 btc are mined daily and we need about 400k usd to sustain that. DAILY. But I do know that everyone should own one bitcoin.

If I were in the place of those people in Cyprus, Greece, Spain, and EU in general, I'd keep a fair portion of my savings in BTC. Think of this: the weakest link in our whole civilization is fiat. There are many 0s in total amount of fiat but so many poor people. In a world that 1% controls 95% of wealth I find it unfair to play by moneymaker's rules.

Yes, hard to use bitcoin for groceries but that's just momentarily. Too much energy is invested in speculating rather than developing.

The order book is filling up, this market is going higher... I think we'll be solidly in 120's tomorrow

http://s12.postimg.org/l98f1yezx/btccharts.png (http://postimage.org/)

It's exactly this attitude that will prevent your prediction from coming true. :P

This forum is quite a bubble itself...  ;)

My body is ready  ::)

your chart makes it painfully obvious that this upwards trend is going to result in a crash by midnight. (then upward trend again, then crash, then repeat)

Sometimes I agree with that.  Other times I think the biggest barrier to adoption is volatility, and time spent laboriously trying to catch spikes is time well spent.

Going up... very slowly... step by step, inch by inch...

Methinks the hordes are starting to learn to trade...

Throw a bunch of newbs into an investment situation and you get a spike and crash.

Then they learn from their mistakes...

I bet you every (well, at least a significantly larger portion than before) man and his bro now has buy orders down to $50 and sell orders up to $500, and a concentrated spread around the current price. This is why those $10 price movements we're all so used to are a little more hard to come by...

I'm sure electricmucus has buy orders down to $0.01 and sell orders only up to $125, and smoothie probably has buy orders down to $75 and sell orders up to $300,000... ;)

Or maybe people just believe in Bitcoin..

Nah, everyone's too busy whining about how OTHER people don't believe in bitcoin, to actually believe in it themselves.

Bitcoin has been becoming increasingly popular, I'm torn between wanting them to rise and wanting them stable which they have been relatively the past week.

It looks like it is not going up anytime soon, prepare for a long slide down to 100 8)

I told it yesterday (first answer to this thread).
Huh.

this

If you didn't make lots of money already I think it's probably too late this time around.

By lots of money I'm talking about 10x-100x your initial investment.

Someone posted a link to this image on IRC :

http://s13.postimg.org/i9vcyuzfb/bitcoin_growing_too_fast.png (http://postimage.org/)

Will user adoption slow down or speed up? Will it become easier and faster to purchase coins or slower?

Time will tell

That chart says nothing about it being too late for people to make 10x-100x on their investment if investing now.  Will enough money come in to make 10-100x happen?  Nobody knows.

It's painfully obvious 1 BTC won't reach global money supply in 2015 (or ever), however that tells you nothing about making 10x your investment in a few years or more at all.

Seems to me the chart is designed just to trick stupid people.  That or the creator of the chart was stupid and thought the chart was communicating something that meant anything.

The chart's TLDR: "Unsustainable growth won't be sustained for longer than it can be sustained", gee thanks...

LoL, it is going down.
Drop your coins now while you still can, bear is coming! 8)

I see some pretty glaring mistakes on that logarithmic scale. You don't go from million to billion in one tick the same way you don't go from thousand to million in one tick.

+ you won't ever reach a thousand.