Bitcoin Forum

This is it. If you're not in yet, buy and get ready for the ride upwards.
China is going crazy, might hit all time highs very VERY soon.

Obviously this is compounded by:

• Increased confidence upon the correction
• The endurance of today's MtGox ordeal

1BTC > $500 is my bet once this is all over.

oh shit!  buying everything in sight! thanks for the heads up!

Nice signature.

thanks, just changed it! and bitcoin is nowhere near average joe levels yet

... still have 10 hours to buy before North American banks open.....
but once bid sum on stamp and gox ramp up this baby is gonna take off,

im thinking one more double up before the next major correction

So far the price has been more or less stable at bitstamp at about 340-350

i seem to notice a pattern in price jumps late at night. probably when china wakes up. we'll see in about 6 hours.

It is 1 pm in China atm.

i forget that i'm one of the few people that considers 2pm "morning".

I was going to sell but then I saw this thread. Now I'm going to buy.  ::)

This week is going to get a little hectic.  Manic Monday started us off strong with a $40 rise, I can only imagine what will happen tomorrow.  By next week $500-600 easy...

I was in rehearsal tonight and could think of nothing but Bitcoin. The conductor's arms were waving wildly in front of me and I was simply going through the motions, looking right through him at a different future.

The markets are primed for ignition, so exciting.

get ready to rumble！

PANIC SELL!!!  ;D

Why panic?

If you think the price is going to rise very quickly, the logical thing to do is hold, or even sell a portion of your holdings.

When the price rises very quickly, there is always a very real possibility of an overshoot and retrace. When that happens, you buy (causing a bounce) or hold (don't catch a falling knife).

The difficulty is the above advice is all about using your judgement. Nobody knows exactly what will happen next.

Edit: I need sleep. I will echo the advice in another thread and suggest everyone do the same.

I don't know if it's ready just yet. I think the chart ought to do something like this:

https://i.imgur.com/uGDxHJL.png

I'm a bit more bearish than you guys. I think this is where the trend ought to be (the dotted tan line):

https://i.imgur.com/098nNmN.png

I'm not actually sure where you're going with this graph....

I was wondering when watching a conductor wave his wand.  Why do you need him? Surely you can play without a man and a wand? :)

He artistically interprets the piece by controlling tempo, volume, and a hundred other small factors and gives entrance and cutoff cues. His conducting pattern changes with the time signature indicated in the music. Listen to the same Beethoven or Mozart symphony of multipe famous conductors and there's a big difference.

I recommend using a log graph for predictions like that.


Now that I had sleep, I realize that I was advocating a volatility evening strategy mentioned in another thread. In that strategy, you have a "purse" of 50:50 Bitcoin and another asset. As the price moves, you try to keep the exposure to both assets the same.

The difficulty with that strategy is that it assumes no or even price growth. Obviously that is not a valid assumption. To make money off the rise in value, you need a second "purse" (in cold-storage), where you simply buy and hold.

Oh shit, I just bought my own table.

I believe OP mean it is bubble, and it doesnt make sence to buy now.

Why would he used PANIC BUY!!!! title otherwise...

oh no! I just panic bought a gym membership!

PANIC $SOMETHING!!!  ;D

ITS HAPPENING

BUY BUY

OMG I BOUGHT YOU$$§

I panic sold today on bitfinex at $390.

It is never over. Adoption will continue, p2p paying system is unique, and will take market share out from paypal and WU in near future

I was thinking this last night (after I posted my bullish prediction)...

"What if everyone is expecting this rally, and it doesn't materialize?"

The ticker told me so.

Geez Bitfinex hit $400? LOL, didn't even notice that. I don't usually click over to that tab on bitcoinity...

I think we're at a point where people don't want to sell because they think its going higher and people don't want to buy because of the instability/volatility of the price (and the fact that its up 3x in a month).

I think people are uneasy investing a #$% load of money for something virtual.
They will come around :)

Exactly, the price stays around the point of the last big drop because daily traders are affraid it won't go past that point and create sell walls, the price bounces down a bit and up again, but the wall is holding. Now either people start buying with confidence and break the wall or we there will be another correction. IMO the first one is more likely as BTC is booming.

I'm buying silver at the equivalent of 7USD/oz. Thanks Bitcoin!

What? How? Sell me at 14?

Stop causing the market to panic buy, but yeah the price would be 1000$ so please buy it now :P

hear this a lot around here, but i actually think linear is fine on short term.....

Shit, I just panic punched my cat in the face. I feel bad now.

I agree.

Something needs to happen to rock this boat.

No one is selling because they think we have ways to go; not many people buying because of the high price and fear of a correction.