Bitcoin Forum

I start:

I see someone was impressed with stable price at ultra low volume for the last 2 days

I see shortterm pirce drop to 4$

I see mitterm buy and longterm hold

I see a stupid spam bot that has the ability to execute orders that are smaller than I can place. (.0001 BTC) It does this thousands of times an hour, and makes my interwebz SLOOWW!

there is a market indicator called the McClellan Oscillator which many of us use when investing in other markets.

basically its a measure of activity measured with bands.  as the bands contract and come together with time it indicates a decreasing level of activity in whatever market you're measuring.  it also portends a burst of activity in either direction the timing and direction of which is difficult to predict.  basically, its a moving picture of the calm before the storm.  in fact, i have never seen such an unprecedented level of calm before this ramp and i was here thru the April fun.

in Bitcoin's case, we were working on a slow new uptrend with a classic bullish triangle setup which I predicted would break up in a burst of new activity.  the trick was to get in before the break.  

well, we got the storm alright. :D

I think the idea behind that is that as the fluctuations decrease, speculators start taking larger and larger positions close to the market value, expecting these predictable small fluctuations about the average, and consequently shrinking the fluctuations and stabilizing the price. They are making profit buying when low, selling when high. Eventually, some random amount of noise in the price, or a "malicious" person with money, will push the price past somebody's comfort level, and that person will sell or buy at a loss, pushing it further and causing more people to do the same until it cascades. It should be predictable if you have an idea of how much background noise there is and what the average fluctuation tolerance of the market is. When the tolerance falls below the noise, it is unstable.

Yeah annoying like hell. It's been doing that for days now...

yeah, everyone looks at these indicators differently.  to me its a huge red flag that something big is about to happen.  the trick is guessing which way the break will be. 

i sit up in my seat when i see these formations whereas i bet most market participants who have less experience become lulled to sleep from the inaction and get themselves into a dangerous position.

its actually easier to buy and sell with larger fluctuations in price, aka, higher volatility.  its difficult when the price moves are so small making it harder to fit your profitable trade into a smaller spread.

I see a bunch of greedy people who still don't understand what the bitcoin utility is for.

Lol here you go trying to define Bitcoin again... The "BTC utility" does not subscribe to anyone's specified use on this forum, it simply just is, and that's actually one of the biggest advantages to this system. Stop shunning the speculators, because believe it or not Bitcoin needs them. And we are already seeing a massive correction from the highs of $4.50 yesterday, the market is getting better at correcting itself, but don't be surprised if it rockets again, we are in RALLY MODE you know... Stop trying to define shit, and maybe you'll have a better time using the "BTC utility"...

The main thing I'm seeing right now, for the short term at least, is the utility that BTC is allowing for an impoverished college student such as myself, who cannot find work due to overwhelming circumstances, to prop himself up to the point of overcoming those circumstances.  Then, after overcoming, I will be in a much better position to give back to the Bitcoin concept and community.

Can't I be greedy although I understand the utility of Bitcoin? ??? :)

@Topic: I see a decicive point for the future of Bitcoin. The sentiments now, whether the community can return to growth, they tell a lot about what the future holds. Will public interest stop dropping, is development keeping up even after everything? This is the great decision happening. And it's not looking all that bad. Hell yeah, long live Bitcoin!