Bitcoin Forum

Here it goes!

Agreed... but I would guess slightly longer, 30 hours or so for the 7.95 zone..

Finally. I've been waiting for ineedausername to say we are going to $8. Now is the time to BUY BUY BUY!  ;D

$7 target was hit much earlier than was predicted by ineedusername.

Once the manipulator throws in the 17-20k buy order, we will be on our way to $8 in no time with some bear squeezing along the way.

just happened! $7.1

http://img696.imageshack.us/img696/2629/squeeze.png

the mountain has enabled api, we are moving again!

up we go!  First we need to get to $7.5...

A moving price AND a working api? That's even more impressive than the rally  ;D

lets just hope it will sustain itself for more than few minutes

This is taking off and I just increased my position on bitcoinica! full blast @ 5:1 this time!

Up we go!  You can see the buying pressure on goxlive...

$8 here we some! :)

So one dude throws a bunch of money in... Then everyone else gets confident because "that (other) rich guy has got my back"?

Regardless of its other uses (making government control of the money supply obsolete, etc) bitcoin really is a MMOM*. Since alot of tech nerds have money, this gives it value as well.

*massively multiplayer online money

I think $7.22 was the all time high for this rally.


I also think it's going to get hulk smashed.

Don't underestimate the tail of the snail.

WALL DOWN WALL DOWN

So you're saying I should buy more at 7.1?

Get in, yes.  Before it's too late...
Grab those sub $8 prices!

I might grab 20-30 more considering my current position..
https://i.imgur.com/rbOi0.png

I say you should grab 50 more ;)

I do admire your efforts, but perhaps it should be a little less obvious that you're trying to get other people to buy your bitcoins  :D

Your wrong on that one my friend...   Im with the OP, this has nothing to do with selling our coins... (currently)

I am not selling bitcoins and I have no bitcoins/usd on bitcoinica. :)
zhoutong, in fact, can verify that I have nothing on bitcoinica...

everyone's just talkin' their books, business as usual :)

tell us, INAU, what's the rocket doing now? :P

:-X

It certainly pays better than progress quest...

Looks like the rocket booster blew an O-Ring...

It must have been a russian rocket. That being said I hope it keeps going up damnit!

looks like those were low volume sells though

shit funds haven't cleared yet can we wait till Monday afternoon during the lunch break?  ;)

+1

I'm thinking this is part of the rally.  Lot's of people just got done transferring all their xmas funds into mtgox!

More like a firecracker than a rocket to $8

I never knew cargo ships could tack to starboard.

1 hour has passed and you are already talking about how my prediction has failed?  Note the timeframe I have specified!

clearly their is strong resistance trying to pass 7.2

this must mean buyers at 2.5 seeing 288% gain as pretty damn good  :P

this is gr8, bitcoin is being distributed more equally :)

Ya, I'm thinking it'll be tough for $8 to happen, but I would have said the same about $6 and $7, which is what would make me not that surprised about $8.

All seems to be happening really quickly.

If there is any one person who has given the good rally calls, it is the man with magic middle finger.

We are patiently awaiting the rally to $8.  Sorry about the O-Ring joke, just having fun  :-)

It's very strong, and indeed people buying in at $2, $3, or even $4 would be celebrating the gains of recent weeks.  Everyone knows how May/June went and the memories of people buying at the top and getting burnt are still fresh.  Maybe $7 is as good as it gets for now and the market needs a rest before speculators are confident in placing new higher bets.

someone is trying really hard (https://i.imgur.com/b0BgH.jpg)

Anyone who bought at $7.19, now is a good time to sell.

buy high sell low. It's the bitcoin way  ;D

This...

edit

Also, this is a good example of the steam roller effect, rolling over the high bumps, shallowing out the  depth to higher levels..

Wow... just took a look at that... someone really doesn't want it to go beyond 7.2 :P

Resistance is futile, that $7.20 barrier will be broken through in the very near future.

Unless it's not.

Everyone, there is a reason ineedausername said rocket is "secretly" taking off. Noone knows when the manipulator will push the start booster button because it's a secret.  ;D

 

Not until he suckers in a few more asks to keep his price down.

Hi Manipulator.

I'm gonna need you to come in on Saturday?  

We need to get a rally going.... yeahhhh...

Yeah, if you could do that, that would be greeeaaat.

i would love to see btc rate float in the current range for another week or two before taking another step, but things lately are pretty dynamic

I would love to see bitcoin rate float in the current range until I win the lottery. Now that would be just perfect if I played lotto.  :D

Please don't take my stapler...

I think if we push past bubble 1.0 levels bitcoin will take on a whole new level of confidence. I am interested to see where we go from here but am hoping for $8 in the next 12 hours. We seem to be headed back up right now it would seem.

I work at Intertrode in real life!

Did you get the memo on the TPS Reports?

Now Milton, don't be greedy, let's pass it along and make sure everyone gets a piece.

Uh, we're gonna need to move your desk downstairs into Storage B.

I get regular memos on reports and have to watch to make sure no one takes my stapler. Its a swingline and i like the action! For real though and there are about 4 supervisors per worker so i say its just like intertrode all the time.

At my last corporate gig we had casual dress code, but decided to make Friday Hawaiian Shirt Day.  :)

I'm watching office space now  ;D

If you could let the Bobs know... I hope their firings go really well...

Could we not talk about my flare ?

Can the Rocket still take flight?

For some Midnight Delight?

i don't know quite but i hope inau is right...

Maybe the morning (for all us North Americans) will bring us pleasant surprise.

The squirrels, they were in the tree and they were married.

Double top or very strong support on 6.3. I think we will soon see. I think, that person which was at a forum yesterday and of which wasn't today - and there is that large player.

another ascending triangle.

it doesn't look like it will take that long.

Yeah, 1 day max, probably even less. We'll see =)

Who said anything about Bitcoinica?

If it goes any lower, the rally shall be canceled.  Hope it rebounds...

i believe this will be the first time you will be wrong in your $X today threads in quite some time. you've been invaluable to me, inau. you had a good run :P

Maybe not cancelled but probably delayed until monday evening. I think 6.90 would be the point i would call the rally delayed.

+1

Its going up, just like Georgios hair over time!, dont worry...

I was watching the X-Files pilot yesterday and David Duchovney's hair looked exactly like georgios. If you don't believe me go look it up but I don't think its a coincidence. Either that or the show gets him to do it to make him look that much crazier.

One can never be right all the time, I guess.  The indicators were bullish, but they can fail :(
By the way, there is still a chance for $8 today.  It is getting smaller, but it is significant.  The triangle is holding.

Inau is the Man.

That's why I have the football game window transposed over btc charts and the relevant threads.... ready to pull the trigger for the next rally !

and then a magic bidwall appears! at $6.95. someone reallly wants this rally to happen. is that you inau? :P

We just hit $7.2 again.  This could be it!

I hate being sick!

Back what I miss?

Askwall at $8.1 taken down by someone... the ask side is getting smaller.

GOOOOOOOOOOOOOOOOOOOOOOOOOOO

GOOOOO has been postponed until further notice.

Meh, I'll go to sleep. I don't have much influence anyway.

Well, it certainly looks like £5 would be broken on Intersango.

http://img802.imageshack.us/img802/8043/79992768.jpg (http://imageshack.us/photo/my-images/802/79992768.jpg/)

Ta-Da.

http://img859.imageshack.us/img859/4827/25528517.jpg (http://imageshack.us/photo/my-images/859/25528517.jpg/)

Behold the UK-style rally - importance of a working exchange (plus a few drunken Sunday night traders). I know it is only 1/20th of Gox’s volume, by the way. Time to fix that, maybe?

Feel  free to send me a prize 1Eny9QkXa2EpQfgdB66qoXE6oJkmvp7aBX

Well... banks open again tomorrow... let's hope we get a rally going during the week!

My 30 hour guess is up in around 4 hours...

Im still expecting a rally tonight...

I still think the rally's coming. 

I can see it happening if it breaks past the resistance at 7.22

If only I had the $50k that would take to risk on bitcoin.

Hey Serge, go tell these guys what's up: http://gfy.com/showthread.php?t=1049170 *Possible NSFW*

i wanted to say much more in that post but then said "screw it", post came out half backed but it's ok, who gets it get it)

-=-

lets go rally! )

tomorrow should be epic.

7-9 days from now should be epic also.

Agreed. I'm sure there's a ton of people waiting on Dwolla, etc. to clear so they can buy more. I know I am.

The CES starts on tuesday right?

Yes. Tuesday through Friday. http://www.cesweb.org/aboutces.asp

Perfect excuse for everyone to drive the price up. Yeah, I could see us hitting $8.xx on Tuesday.

WTF huge sell to 6.63 when it should be in rally mode.

Someone decided to wait for the api to start working again to sell off.

It's back to 6.9

It might have bounced back, but the bid/ask ratio isn't looking good right now. I hope it's just because it's the weekend.

Well into Monday afternoon here, and I was watching that big dump.  Very active trading, and good defense of the $7 level.

The asks at 7.2 pile up, looks like a reversal, but in this world...

bitcoinica is out of USD to buy more BTC - either they add more funds and we'll have another massive rally or we'll have a big correction with liquidation of all the leveraged positions.

This rally is apparently waiting for me to join in. In couple of days my fiat will be in mtgox, and after I buy, price will start rising, im sure!  ;D

Will sell my daily notes

http://i42.tinypic.com/256bal2.png

:)

My thoughts exactly.

WHAT?
https://i.imgur.com/vqkoz.png

Interesting trading.  Someone's bot having a fit?  I knew I placed a whole bunch of buys at $6.60 for a reason.  Nice work to whoever is responsible.

Asterisk on bitcoinica is gone, apparently. So now we can freely move up.

Still popping up for me, and sell pressure is increasing. Scary  :-X.

Would speculators still feel confident leveraging up when someone's trying to prove to us they're more than happy to dump the price at any moment?

whhhhhhhhhhhhhhhhhhhhhhhhhhhaaaaaaaaaaaaaaaaaatttttttttttttttttttttttttttt

Looks like somebody tried to induce panic selling.  The price rebounded and so they sold again, and it rebounded again.

could well be.

As I see it the upsike was first so the downspike could also be a high speed response to avoid rally?

I really don't understand why the person who is selling doesn't want the price to go higher??


People are cray cray

What the hell more bid walls getting taken down. Is someone cancelling the orders or are they being sold into and mtgoxlive isn't showing them?

Not everyone is in it for the money, Genius, some just want bitcoin to fail.

No, those didn't get taken down.  Somebody just took a huge dump.

huge is an understatement

I took all my bids down.  Why keep them there if someone's willing to spark panic and dump the price from $7 to $6 within minutes?  We could bounce back, or head to $5.  Only the dumper knows.

It was fun while it lasted.

I suppose one positive thing is that all those coins are getting distributed into a bunch of hands from the looks of how the bids were stacked up before this massive sell-off.

Indeed it was.  I was posting recently that I was ready to sell everything at a moment's notice.  Didn't lose much, but only through luck rather than any real plan.  Dump happened Monday evening when I was watching.  Many people haven't been so lucky.

Ready to buy when the time is right (who knows when that is).

Yeh... but they can just use all their money to buy a bigger load of coins.

To make matters worse, MtGox's API is all fucked up so nobody can really see what's going on.

Good call, genius. Something epic did happen today.

the game is called try catching flying knife blindfolded without getting trapped

MtGoxLive has been almost dead for me.  Updates maybe once every few minutes.  WebSocket still works.  Huge amounts of order spamming happening.  MtGox just can't handle the volume.  When I manually put an order in it takes more than half a minute to execute.

MtGox is really incompetent in this. They take a pretty nice amount of each sale, but still cannot serve (or, at least, SHOW) few thousands of requests per second?

+1

Mtgox has too much paperwork.

Takes a looong time to printf.

The rocket is secretly taking off as in taking off with someones money. 

anyone knows, do market orders broadcast ok on irc? or is it also down?
if that channel works, maybe someone could be able to rebroadcast those via http for time being?

Or as in an air to ground missile ;P

I'm just glad I shorted around $ ~7.00 USD

Yes, I'd been expecting the huge dump, and it seems to happen in the middle of the night. 

That's why I tend to sell my BTC before going to bed.

so has it been long enough to say this forum was wrong?  haha

+1 hahaha I love this

There are no rallies at this stage... it's all Pump and Dump now.

lol @ air-to-ground ;D

Good job on the short. I was being hesitant to sell, it seems that cost me money.

Yeah #bitcoin-market on freenode is pretty good.

#bitcoin-market broadcasts all markets, #bitcoin-RT only mtgox and tradehill. They seem to work okay even when all live graphs are down.

wtf really? one big sell and we forget about SEC and all of the other things that are going to reinforce this rally? i think the losses you guys took from the overcorrection since the bubble is clouding your judgment. it's like everybody on the forum suddenly took off their bull mask and all i see are dumb, hairy bears :P

I'm a bull.

Im not really a horse, Im actually a broom...

i'm not really a person. im a cleverly devised forum bot meant to permabull and make incredibly accurate decisions pre-informed by the Manipulator so that i can single-handedly drive up prices again and again, solely for profit-taking.

then, of course, i will take over the world.

/troll

You have to put the /troll in brackets...  [/troll] or the forum doesn't recognize what your doing..

(╯°□°）╯︵ ┻━┻

http://en.wikipedia.org/wiki/JATO

Someone's spending a lot of bitcoins to hold the price down today.

so quiet

Is everyone thinking a single booth at CES for bit-pay will have an effect on the Bitcoin price? Am I missing something here? 

I think people are hoping that reporters are going to write bitcoin stories after learning about BTC at CES and it will be a mass awareness event driver.

I have too such feeling that who that specially keeps the prices. I Think, today we see "not speculative" trade: those who wanted to buy - have already bought, those who wanted to fix profit - have sold. It is completely not usual day for me...

the longer this sideways slow grind up goes on, the higher the chances of a break up.

Truly. Also there is no analytical mailing...

This has been the pattern, you can see this on the  10-day 15 minute chart.

If the trend holds we should steadily march up, with a break-out possible any time. 

CES and aforementioned financial news only add to a potential upward momentum.

All this bullish optimism makes me nervous. :-\

No worries... there is lots of selling pressure.

But it's cautious and well-grounded optimism.

I think this is pretty neat:
https://i.imgur.com/WvuU8.png

That is very interesting... In the bottom picture it would appear we are in the infant stages of a long term impulse rally. One can really draw the lines from the moving average quite easily.

Also interesting on the graph is if you look at the bubble on the way up there was a period identical to what we can see going on right now. Long term we are definitely bullish.

> Long term we are definitely bullish.

Nobody will doubt this (At least at the moment :) )

$200,000 was invested by somebody in the last 3 days. And another $200,000 is on the board.

I'm game for $8.

The difference between $8 and $9 is 15k BTC too so that could all happen very quickly. Just like the rise to 7.

you see that 20K wall at 7.20 it will get pushed back all the way up to 10$

This is no rocket taking off, this is a hovercraft hopping over the ground...

*whop* *whop* *bump* *rumble*  ;D

The question is, will a sharp edge on the ground make the hovercraft break down or will it catapult it high into the sky???