Bitcoin Forum

Economy => Speculation => Topic started by: ineededausername on December 20, 2011, 04:16:03 AM



Title: $4 today!?
Post by: ineededausername on December 20, 2011, 04:16:03 AM
Asks are wiped out all the way to $4 with a high of $3.99!

Come on guys let's do this.


Title: Re: $4 today!?
Post by: NamelessOne on December 20, 2011, 04:16:26 AM
Make it so!  ;D


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 04:18:01 AM
It would certainly appear so which means Goat would win another bet.... was going to go back and see if i could change my date but i see he already has december 20


Title: Re: $4 today!?
Post by: RodeoX on December 20, 2011, 04:24:50 AM
I just bought some not to ramp up the price, but to get some pre-$4 coins.


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 04:27:55 AM
Just a little bit more


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 04:31:24 AM
30 more minutes here.  GOGOGOGOGO


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 04:34:05 AM
Or we correct a bit... im hoping for a correction then 4+ so i can get my coins back I feel silly for selling so cheap now


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 04:34:33 AM
30 more minutes here.  GOGOGOGOGO

Eastern coast of the US of A.

Correct.  But why post obvious things? :P


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 04:35:43 AM
And we have $4


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 04:35:52 AM
4


Title: Re: $4 today!?
Post by: Herodes on December 20, 2011, 04:36:56 AM
3 more minutes here.  GOGOGOGOGO

FIFY


Title: $5 tomorrow!?
Post by: ineededausername on December 20, 2011, 04:38:03 AM
Next target: $5! ;D


Title: Re: $4 today!?
Post by: teflone on December 20, 2011, 04:38:27 AM
Holy shit!  Bitcoinica is amazing.. already hit 5


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 04:39:29 AM
Holy shit!  Bitcoinica is amazing.. already hit 5


from all the short covering.  hahahahaha!


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 04:40:24 AM
Holy shit!  Bitcoinica is amazing.. already hit 5


It's a premonition :)


Title: Re: $4 today!?
Post by: the joint on December 20, 2011, 04:42:19 AM
It would certainly appear so which means Goat would win another bet.... was going to go back and see if i could change my date but i see he already has december 20

I predicted first, and I live in Illinois in the US.  It's 10:42 pm currently on 12/19/2011.


Title: Re: $4 today!?
Post by: tysat on December 20, 2011, 04:43:41 AM
This is ridiculous, about $0.90 increase in one day.


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 04:43:53 AM
It would certainly appear so which means Goat would win another bet.... was going to go back and see if i could change my date but i see he already has december 20

I predicted first, and I live in Illinois in the US.  It's 10:42 pm currently on 12/19/2011.

I think it is assumed that it is GMT time or many people would be correct.


Title: Re: $4 today!?
Post by: proudhon on December 20, 2011, 04:44:29 AM
Hmm...


Title: Re: $4 today!?
Post by: teflone on December 20, 2011, 04:44:58 AM
Hmm...

Lmao...

Quote of the hour..


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 04:46:32 AM

haha yeah. 

10k BTC to $5.


Title: Re: $4 today!?
Post by: the joint on December 20, 2011, 04:47:26 AM
It would certainly appear so which means Goat would win another bet.... was going to go back and see if i could change my date but i see he already has december 20

I predicted first, and I live in Illinois in the US.  It's 10:42 pm currently on 12/19/2011.

I think it is assumed that it is GMT time or many people would be correct.

Uh, I think it is assumed that the time goes to whatever time zone the first correct guesser is in.


Title: Re: $4 today!?
Post by: tysat on December 20, 2011, 04:48:53 AM
This is ridiculous, about $0.90 increase in one day.

A better way to put that is about 30% increase in one day!

That is the craziest part.... just a week ago (or less) it was at like $2.70.


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 04:54:56 AM
you mean that huge bid mountain was REAL?! :o


Title: Re: $4 today!?
Post by: epetroel on December 20, 2011, 04:56:50 AM
Crazy, just got wiped out on Bitcoinica.

Can't be too upset though since my short position there was just a small hedge for my overall holdings


Title: Re: $4 today!?
Post by: notme on December 20, 2011, 04:57:16 AM
It would certainly appear so which means Goat would win another bet.... was going to go back and see if i could change my date but i see he already has december 20

I predicted first, and I live in Illinois in the US.  It's 10:42 pm currently on 12/19/2011.

I think it is assumed that it is GMT time or many people would be correct.

Uh, I think it is assumed that the time goes to whatever time zone the first correct guesser is in.

That's a strange assumption... A GMT assumption makes more sense to me.  How on earth are we supposed to compare guesses when we have to decipher each user's timezone first?


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 05:10:11 AM
Low: 3.19
High: 4.15

Might be the last time we see that low for a while!  ;D


Title: Re: $4 today!?
Post by: RyNinDaCleM on December 20, 2011, 05:10:38 AM
you mean that huge bid mountain was REAL?! :o

It doesn't matter if the bid mountain was real, it just matters that people bought the asks. All those bids might have been fake, but the people pushing the price up are real.

It's the fear instilled that counts!  ;)


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 05:10:51 AM
you mean that huge bid mountain was REAL?! :o

It doesn't matter if the bid mountain was real, it just matters that people bought the asks. All those bids might have been fake, but the people pushing the price up are real.

they were real.  it takes real money to put up a bid at mtgox.


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 05:11:20 AM
you mean that huge bid mountain was REAL?! :o

It doesn't matter if the bid mountain was real, it just matters that people bought the asks. All those bids might have been fake, but the people pushing the price up are real.

It's the fear instilled that counts!  ;)

oh how i love fear.


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 05:14:39 AM
I just saw $5 on mtgoxlive on the far right side... for the first time in 2.5 months.  Hello, old friend.


Title: Re: $4 today!?
Post by: Serge on December 20, 2011, 05:15:14 AM
we maybe witnessing birth of a beautiful bubble.


Title: Re: $4 today!?
Post by: Herodes on December 20, 2011, 05:16:55 AM
we maybe witnessing birth of a beautiful bubble.

Like a russian beauty queen. :)


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 05:19:47 AM
Fucking price goes up the day before my damn money arrives.  Oh well, the rest of you can enjoy this $4.45 price. :(


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 05:20:36 AM
This really is crazy... I should have cut my losses back at $4 but i thought we were headed for a correction.


Title: Re: $4 today!?
Post by: adamstgBit on December 20, 2011, 05:21:04 AM
we maybe witnessing a birth of beautiful bubble.

F' that, we are seeing the start of a infinite up trend!  :D


Title: Re: $4 today!?
Post by: naypalm on December 20, 2011, 05:21:16 AM
The "Manipulator" is buying it up for the 5BTC coins  :P


Title: Re: $4 today!?
Post by: Herodes on December 20, 2011, 05:23:07 AM
we maybe witnessing a birth of beautiful bubble.

F' that, we are seeing the start of a infinite up trend!  :D


I like your thinking! :)


Title: Re: $4 today!?
Post by: legitnick on December 20, 2011, 05:27:19 AM
Hopefully this bubble gets bigger than the last one.


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 05:29:28 AM
Hopefully this bubble gets bigger than the last one.

Why the hell do you want a bubble?!


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 05:33:36 AM
And now the correction.


Title: Re: $4 today!?
Post by: ineededausername on December 20, 2011, 05:35:40 AM
And now the correction.

In time for my money to arrive so that I can buy in :)


Title: Re: $4 today!?
Post by: FlipPro on December 20, 2011, 05:39:04 AM
And now the correction.
WHAT CORRECTION? I'M SEEING 4.26 LOL !!!


Title: Re: $4 today!?
Post by: coin_toss on December 20, 2011, 05:39:38 AM
infinite up trend is perhaps a little optimistic - i'll be happy if we just get to 100USD


Title: Re: $4 today!?
Post by: antoineph on December 20, 2011, 05:42:18 AM
infinite up trend is perhaps a little optimistic - i'll be happy if we just get to 100USD

I'm happy now - admittedly it doesn't take much.


Title: Re: $4 today!?
Post by: bittenbob on December 20, 2011, 05:42:57 AM
Corrected from 4.50 to 4.00 and now we are rebounding a bit...  A stronger correction will bring us around 3.60 but I dont think we will see that.


Title: Re: $4 today!?
Post by: legitnick on December 20, 2011, 05:46:25 AM
Corrected from 4.50 to 4.00 and now we are rebounding a bit...  A stronger correction will bring us around 3.60 but I dont think we will see that.
I think the terms you're looking for are resistance and support.


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 05:46:46 AM
is this what they call a Santa Claus Rally?


Title: Re: $4 today!?
Post by: bitcoinBull on December 20, 2011, 05:56:23 AM
is this what they call a Santa Claus Rally?

lol.  On Nov 24 (https://bitcointalk.org/index.php?topic=52763.msg629634#msg629634) I wished for $5 btc for xmas. 

I used to doubt any correlation between bitcoin and the mainstream markets.  But with bitcoin possibly going quasi-mainstream, I can see it looking quite attractive to adventurous retail investors, next to the non-performing stocks and gold/silver.


Title: Re: $4 today!?
Post by: Mousepotato on December 20, 2011, 06:01:02 AM
$100 by Xmas! *cough*


Title: Re: $4 today!?
Post by: FlipPro on December 20, 2011, 06:02:21 AM
$100 by Xmas! *cough*
If this action keeps up, this may be the quote of the century.


Title: Re: $4 today!?
Post by: RodeoX on December 20, 2011, 03:05:02 PM
Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.


Title: Re: $4 today!?
Post by: cypherdoc on December 20, 2011, 04:07:22 PM
Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold.  the reversals tend to be straight up to kill shorts and escape away from the non believers.  then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.


Title: Re: $4 today!?
Post by: notme on December 21, 2011, 09:32:58 AM
Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold.  the reversals tend to be straight up to kill shorts and escape away from the non believers.  then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.

Then we overshoot, you flip the sign of everything and repeat.


Title: Re: $4 today!?
Post by: zby on December 21, 2011, 10:55:47 AM
Just remember that quick growth like this is usually not sustainable. I prefer the healthy, gentle ramping up that we saw for several weeks past. If one side of the chart looks like the Eiffel tower, then the other side is likely to look the same.

yes, but don't forget that markets usually swing from overbought to oversold.  the reversals tend to be straight up to kill shorts and escape away from the non believers.  then u get a leveling off before a more sustained steady rise as we head toward the fundamental price.
So what is the current target for 'sustained steady rise'?