Bitcoin Forum

Economy => Speculation => Topic started by: Crypt_Current on January 08, 2012, 09:24:48 AM



Title: 7.50 in the next 14 hours?
Post by: Crypt_Current on January 08, 2012, 09:24:48 AM
Feel free to bet on it; I don't want to though.  :-)


Title: Re: 7.50 in the next 14 hours?
Post by: ArsenShnurkov on January 08, 2012, 09:31:00 AM
Feel free to bet on it; I don't want to though.  :-)

6 people with < $20 K vote for up
3 people with > $500 K vote for nope

what will you think ?


Title: Re: 7.50 in the next 14 hours?
Post by: hiVe on January 08, 2012, 09:43:27 AM
Feel free to bet on it; I don't want to though.  :-)

6 people with < $20 K vote for up
3 people with > $500 K vote for nope

what will you think ?

And you are a psychic that knows who voted which...riiight.


Title: Re: 7.50 in the next 14 hours?
Post by: zby on January 08, 2012, 09:49:39 AM
I take it as a contrarian indicator - at this point in time all the bulls are fully in BTC already.


Title: Re: 7.50 in the next 14 hours?
Post by: Serge on January 08, 2012, 10:28:18 AM
too many extremely excited bulls today
and yet we're still at 7


Title: Re: 7.50 in the next 14 hours?
Post by: zby on January 08, 2012, 10:33:05 AM
too many extremely excited bulls today
and yet we're still at 7
Extremely excited bulls don't count - because they have bought all they could.


Title: Re: 7.50 in the next 14 hours?
Post by: Serge on January 08, 2012, 10:35:59 AM
too many extremely excited bulls today
and yet we're still at 7
Extremely excited bulls don't count - because they have bought all they could.

i did too, i just do see a reason to be extremely exited, this anticipation of flying rocket tells me the market may decide to turn opposite way temporarily


Title: Re: 7.50 in the next 14 hours?
Post by: ArsenShnurkov on January 08, 2012, 10:36:21 AM
6 people with < $20 K vote for up
3 people with > $500 K vote for nope

And you are a psychic that knows who voted which...riiight.

It's obvious - the higher money you have, the more cautious you are .
That is why all big holders look at technical analysis (https://bitcointalk.org/index.php?topic=57108.msg680472#msg680472),
and the emotionally unstable bulls are not.

http://i43.tinypic.com/34j5gz9.png

1-st launch attempt failed
2-nd launch attempt failed

It's double top, lol.


Title: Re: 7.50 in the next 14 hours?
Post by: goxed on January 08, 2012, 11:10:35 AM
Volume is low during weekends. Monday trading day would be decisive if 7.0+ holds.


Title: Re: 7.50 in the next 14 hours?
Post by: ArsenShnurkov on January 08, 2012, 11:18:21 AM
Volume is low

This is because you don't see the volume of covert struggle at bitcoinica


Title: Re: 7.50 in the next 14 hours?
Post by: goxed on January 08, 2012, 01:10:44 PM

covert struggle at bitcoinica

Care to Enlighten us.


Title: Re: 7.50 in the next 14 hours?
Post by: ArsenShnurkov on January 08, 2012, 01:19:49 PM
Care to Enlighten us.

The width of corridor at mtgox is exactly equals to bitcoinica spread.
This mean that there are two parties at bitcoinica, which play one against another.


Title: Re: 7.50 in the next 14 hours?
Post by: rebuilder on January 08, 2012, 01:26:10 PM
The width of corridor at mtgox is exactly equals to bitcoinica spread.
This mean that there are two parties at bitcoinica, which play one against another.

Another explanation is that the Bitcoinica spread is derived from the mtgox spread.

More likely each informs the other.


Title: Re: 7.50 in the next 14 hours?
Post by: hiVe on January 08, 2012, 02:28:50 PM
Someone "up there" first, speaks in riddles but when questioned, gives us elementary school answer, just beautiful, i so love this adult market where everyone is an expert, ain't that right AS?


Title: Re: 7.50 in the next 14 hours?
Post by: zby on January 08, 2012, 03:12:49 PM
A crazy idea - instead of making this poll let's place our bids on MtGox  - we'll see how much of it there is and eventually someone will have the courage to break 7.2.


Title: Re: 7.50 in the next 14 hours?
Post by: RyNinDaCleM on January 08, 2012, 03:25:26 PM
A crazy idea - instead of making this poll let's place our bids on MtGox  - we'll see how much of it there is and eventually someone will have the courage to break 7.2.

And, there's only 1100BTC to the other side!


Title: Re: 7.50 in the next 14 hours?
Post by: zby on January 08, 2012, 04:15:41 PM
Hmm there was over 3K above 7.1 - but can we have a really without bitcoinica help?  Bitcoinica has the asterisk permanently on the buy button now.