Bitcoin Forum

Artificially kept high by Mtgox's insolvency.

Cup n Handle like pattern is forming on the weekly, though it's not too strong (for the uninitiated http://www.investopedia.com/terms/c/cupandhandle.asp )

http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgSza1gSMAzm1g7za2gEMAzm2g14zxzi1gUOzi2gMACDzi3gRSIzi4gCCIzvzl

http://bitcoincharts.com/charts/mtgoxUSD#rg360zigWeeklyztgSza1gSMAzm1g7za2gEMAzm2g14zxzi1gUOzi2gMACDzi3gRSIzi4gCCIzvzl

I see we're back to trading in a tight range with a quick glance at a short-term chart.  That's perfectly alright, and much better than heading downward.

It used to be artificially low because Pirateat40 was clowning about

And then it shot up ;)

Thats the turdbrain who got like 1/2 of the market price at that time, right? Man, If I had 40k bitcoin to play with.... I dream of the manipulative powers I'd have.

To start: Market sell to $135 backed by 10k wall xD

Are you sure you would be able to buy almost 15k BTC at average price around 130 back to have a tiny profit? Do you predict crash to $100 or lower in this kind of situation you described?

Looks promising :)
http://www.anonmgur.com/up/11a02ba0ab1f43394cd1bf3bef683365.jpg

+1

It's comforting to see someone who knows what's up.

please explain how mtgox insolvency effects the price of bitcoin on bitstamp

Delayed arbitrage.

Negatively

I think Bitcoin has always been looking good ;)

In 2013? Yes.
Before? No. :P

Bitcoin was fine in 2012.

The lower exchange rate wasn't an issue. Pirateat40 was. ;D

 Wait till bitcoin gives birth and starts eating cupcakes every difficulty change and be b**chy about it , she will not look so good to you than.

It was great since the day it came out.

time to cover.

Do you mean 'time to cover' because someone is going to dump a couple thousand coins, or you mean something else?

I think he means it's time to cover your short positions.

Lol! Love the original chart with donkey kong!

 ;D

i think we have a bit of a ways to fall before popping back up and breaking this resistance. just my opinion. always holding some btc just in case.  :D

Bitcoin price is looking extremely attractive now. Remember, bitcoin money supply is just 2 billion USD at the moment. That is not much at all.

Looking forward for the next bubble in the $1000 - $10k range!

Don't call it a bubble, call it a growth spurt ;)

It is time to brush the dust off the all time high website. I can't find it. Where is it?

LOL it's so funny to see people try to rationalize an irrational market (by nature).

"Sell and it will go down so you can buy back cheap"... :D

It's on like DONKEY KONG!  :D

People get excited or upset really easy with every price move...
but talking about a 1k-10k range...i mean come on...  :-\

Let's talk again in 10-25 years.

It was always a good idea, it's just that we needed more adopters initially to get the ball rolling. No point having an idea if nobody uses it.

I don't mean to be offensive but this range is also ridiculous.

Yup, if it's going to happen it will be in less than 5 years. We live in a very fast era.

Knowing how unpredictable Bitcoin can be, I think within 1 year is highly likely to see $1000.  10-25 years is too far.  Maybe $100,000 by then?  If it gets to that point. That might only take 5 years if Bitcoin really takes off though.

Markets can be irrational for a very long time. So don't make predictions for <10 years.

Their is nothing irrational about the bitcoin market. everyone that gets into bitcoin finds out its better then gold, paypal and WN combined, if anything people know all these facts but are still to chicken shit to dump more than a tiny amount of their precious $ wealth, thats whats irrational about this market, and this WILL get corrected sooner than you realize.

$1000 isnt 10-25 year away, its not 5 years away, its moments away!  ;D

$8.48 mil $'s away   8)

https://i.imgur.com/Cx0agEC.png?1?2878

Only if people pay that price.

Of course they will. I also pay 0.74 Euro for a Dollar.

$8.48 mil $'s away   8)

https://i.imgur.com/Cx0agEC.png?1?2878
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please explain: if 8.5 mio $ would buy 38 k btc and this would push the price to 1000,- $....  those 38.33 k btc would be worth 38 mio $   ???

 it is a joke..

True that!

$1000 in 2014 probably, but Bitcoin first needs improvements like the payment request protocol up and running and the block limit made flexible.

Everyone should own a few bitcoins.

Yup. The reward for overcoming fear in this market is gargantuan.

my rational:

the first bitcoin puts you in a group with a maximum membership of 21 million.  The second coin splits this group in half.

I think most people that aren't living in abject poverty could afford to lose $300.  The time is near when very few people will be able to "afford" 2 entire bitcoins (I'm thinking of people I know who have never had $3000 all at once in their whole lives). 

Personally, I recommend that everyone own at least 2 as soon as possible.

To the banks, bitcoin is a torpedo coming right towards them. To them, it looks small, but they are fooled by the distance. Don't tell them.

Interesting wall image.

Bitcoins for sale is falling....has been for months now...

$-500/BTC, I love it.

I loves me these graphs. I loves me some bullish.

Let's take a bow to Satoshi and the other developers. They're far beyond brilliant. They're approaching Alan Turing brilliant. (Nikola Tesla and those who discovered DNA are probably still a slither above, but let's not spoil the fun, eh.)