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Title: Opening predictions Post by: DrYe5 on June 26, 2011, 03:51:20 AM Will the 24 hours after Mt. Gox opens look like the 24 hours before it opened on Tradehill?
Some Charts of Interest (http://forum.bitcoin.org/index.php?topic=22640.0) Facts: Money doesn't transfer fast enough to pull cash out of Mt. Gox and into another exchange. Until Mt. Gox opened, the majority of the trading bitcoins were frozen assets without absolute guarantee of return. Only 100 BTC per account could possibly have been moved to tradehill for liquidation. The ratio of buyers to sellers on TH favored sellers by a significant margin. Unlike before this happened, everyone knows the largest bitcoin exchange is currently run by two dudes in Japan who are arguably unprofessional, to say the least. Title: Re: Opening predictions Post by: DrYe5 on June 26, 2011, 02:38:38 PM Prepare for retesting of lows at $12 - $10 - or even $8. Lots of technical resistance at $8 and wealthy supporters should defend there.
Title: Re: Opening predictions Post by: Serge on June 26, 2011, 02:57:01 PM many people trying to dumb the price down last couple of days
we'll see how it goes... Title: Re: Opening predictions Post by: DrYe5 on June 26, 2011, 02:59:11 PM many people trying to dumb the price down last couple of days we'll see how it goes... I'm not sure what you mean. Could you phrase that as a sentence? Title: Re: Opening predictions Post by: peach on June 26, 2011, 03:06:52 PM I see $19 a few hours after it opens.
Title: Re: Opening predictions Post by: Serge on June 26, 2011, 03:10:51 PM many people trying to dumb the price down last couple of days we'll see how it goes... I'm not sure what you mean. Could you phrase that as a sentence? re-phrasing: speculators will speculate. Title: Re: Opening predictions Post by: Hunterbunter on June 26, 2011, 03:11:25 PM ooo I predict 0.01 to 30 all in one day
Title: Re: Opening predictions Post by: marvinmartian on June 26, 2011, 03:13:07 PM Opening predictions are highly speculative at best.
What we need is for the price to go back somewhat in line with difficulty level (which just rose more than 50%) plus some minor variation of course to allow for good and healthy trading ranges. So if it doesn't stabilize somewhere between $15-$20 it's a bad thing bitconomically speaking. Title: Re: Opening predictions Post by: zaphod on June 26, 2011, 03:19:39 PM Title: Re: Opening predictions Post by: DrYe5 on June 26, 2011, 03:24:17 PM please retry later Title: Re: Opening predictions Post by: marvinmartian on June 26, 2011, 03:29:55 PM MySQL ... really? Wow. Glad to see they've invested in some high performance, rock solid, database technology. Title: Re: Opening predictions Post by: DrYe5 on June 26, 2011, 03:47:39 PM If Mt. Gox fails to open trading we can expect another round of 100 BTC sell-offs on TH.
Title: Re: Opening predictions Post by: Jack of Diamonds on June 26, 2011, 04:28:58 PM What we need is for the price to go back somewhat in line with difficulty level Only if the community wants payments to keep processing in the network. Speculators and regular people couldn't care less about the difficulty of generating blocks and the expenses involved. They just want bitcoins. If they panic or refuse to buy at a certain price point then the price wont go up, simple as that. Title: Re: Opening predictions Post by: marvinmartian on June 26, 2011, 04:32:24 PM What we need is for the price to go back somewhat in line with difficulty level Only if the community wants payments to keep processing in the network. Speculators and regular people couldn't care less about the difficulty of generating blocks and the expenses involved. They just want bitcoins. If they panic or refuse to buy at a certain price point then the price wont go up, simple as that. I contend that a decent number of speculators are also miners at this stage of the game. If you have $10k to set up a rig, you have $10k to speculate. Title: Re: Opening predictions Post by: marvinmartian on June 26, 2011, 04:51:20 PM Oh, and I change my opening prediction to:
Mt. Gox will NOT open today. So the opening price will remain at $0. Title: Re: Opening predictions Post by: S3052 on June 26, 2011, 05:20:00 PM When will it open , finally?
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