Bitcoin Forum

Economy => Speculation => Topic started by: waltmarkers on July 17, 2012, 01:33:00 AM



Title: Ladies and Gentleman, There goes $9
Post by: waltmarkers on July 17, 2012, 01:33:00 AM
Next stop $10, and then I predict at least 3 months of stability at $10.

$10 makes e-commerce easy. Everyone can do that math in their head.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Yuhfhrh on July 17, 2012, 01:34:22 AM
I agree! Stability at 10!


Title: Re: Ladies and Gentleman, There goes $9
Post by: Serge on July 17, 2012, 01:35:58 AM
or we shoot up to $50 and then stabilize around $25 for several month


Title: Re: Ladies and Gentleman, There goes $9
Post by: notme on July 17, 2012, 01:36:18 AM
or we shoot up to $50 and then stabilize around 25 for several month

Works for me.


Title: Re: Ladies and Gentleman, There goes $9
Post by: drlatino999 on July 17, 2012, 01:37:40 AM
or we shoot up to $50 and then stabilize around $25 for several month

I'd wake up, drink a shot of gin, and then realize -
http://30.media.tumblr.com/tumblr_lw0h1up9hB1r4wbxyo1_400.jpg


Title: Re: Ladies and Gentleman, There goes $9
Post by: Mousepotato on July 17, 2012, 01:37:57 AM
What the... Last time I looked we were at $7.20.  What's been happening lately?


Title: Re: Ladies and Gentleman, There goes $9
Post by: smoothie on July 17, 2012, 01:38:33 AM
or we shoot up to $50 and then stabilize around 25 for several month

Works for me.


or we shoot to $1 and i buy all the coins!


Title: Re: Ladies and Gentleman, There goes $9
Post by: proudhon on July 17, 2012, 01:40:20 AM
Seriously?  WTF is going on?  This makes no sense.


Title: Re: Ladies and Gentleman, There goes $9
Post by: drlatino999 on July 17, 2012, 01:40:41 AM
or we shoot up to $50 and then stabilize around 25 for several month

Works for me.


or we shoot to $1 and i buy all the coins!

My picture still stands. Definitely will require gin though


Title: Re: Ladies and Gentleman, There goes $9
Post by: phantitox on July 17, 2012, 01:41:09 AM
oh boy oh boy  :o


Title: Re: Ladies and Gentleman, There goes $9
Post by: humanitee on July 17, 2012, 01:41:54 AM
Seriously?  WTF is going on?  This makes no sense.


NSFW (edit by Blitz) http://latimesblogs.latimes.com/photos/uncategorized/2008/08/22/dead_bear_killed_and_poached.jpg


Title: Re: Ladies and Gentleman, There goes $9
Post by: Serge on July 17, 2012, 01:42:00 AM
lets call it "Greece/Eurozone finally got the memo".  idk


Title: Re: Ladies and Gentleman, There goes $9
Post by: notme on July 17, 2012, 01:42:12 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.


Title: Re: Ladies and Gentleman, There goes $9
Post by: nedbert9 on July 17, 2012, 01:43:16 AM



Alright, that's enough.  I'm calling off the rally.


Title: Re: Ladies and Gentleman, There goes $9
Post by: meanig on July 17, 2012, 01:43:53 AM
Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??


Title: Re: Ladies and Gentleman, There goes $9
Post by: notme on July 17, 2012, 01:44:02 AM
lets call it "Greece/Eurozone finally got the memo".  idk

The liftoff from 5 was lead by EUR/GBP... USD is leading this one.  More like MS/GS/JPM saw how well it worked for the Europeans.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Qoheleth on July 17, 2012, 01:44:32 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.
I can't speak for Proudhon, but this kind of momentum is making me more bearish.

It's too fast, for too little of a reason. It smells like bubble.


Title: Re: Ladies and Gentleman, There goes $9
Post by: MatthewLM on July 17, 2012, 01:45:24 AM
I predict $100 in the next three months and then $3 in the next four months. :P


Title: Re: Ladies and Gentleman, There goes $9
Post by: ColdHardMetal on July 17, 2012, 01:46:04 AM
Seriously?  WTF is going on?  This makes no sense.

I sold some BTC is what. As history has taught me, the moment I sell something the price immediately jumps. The converse is also true. I try to use this power only for good.


Title: Re: Ladies and Gentleman, There goes $9
Post by: paraipan on July 17, 2012, 01:46:58 AM
Seriously?  WTF is going on?  This makes no sense.


NSFW (edit by Blitz) http://latimesblogs.latimes.com/photos/uncategorized/2008/08/22/dead_bear_killed_and_poached.jpg

EPIC!


Title: Re: Ladies and Gentleman, There goes $9
Post by: notme on July 17, 2012, 01:47:11 AM
It's too fast, for too little of a reason. It smells like bubble.

Bubbles are driven by hype.  Where's they hype?


Title: Re: Ladies and Gentleman, There goes $9
Post by: Serge on July 17, 2012, 01:48:37 AM
It's too fast, for too little of a reason. It smells like bubble.

Bubbles are driven by hype.  Where's they hype?

hype is late to this party, it will follow with next wave


Title: Re: Ladies and Gentleman, There goes $9
Post by: zhalox on July 17, 2012, 01:48:43 AM
Nope, this is elliott wave theory guys, the price is gonna hit $30, then $100.  Bitcoin is undervalued, now that people understand it, they will hold tight, the market matured significantly since last summer's high of $31.90.  Perhaps, we could see $100 before the end of the year :)


Title: Re: Ladies and Gentleman, There goes $9
Post by: proudhon on July 17, 2012, 01:48:54 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.
I can't speak for Proudhon, but this kind of momentum is making me more bearish.

It's too fast, for too little of a reason. It smells like bubble.

I fully expect we'll visit the $6s again.  The first person to sell a few thousand will start a sell off.


Title: Re: Ladies and Gentleman, There goes $9
Post by: proudhon on July 17, 2012, 01:51:49 AM
Nope, this is elliott wave theory guys, the price is gonna hit $30, then $100.  Bitcoin is undervalued, now that people understand it, they will hold tight, the market matured significantly since last summer's high of $31.90.  Perhaps, we could see $100 before the end of the year :)

I agree that both the market and the infrastructure has significantly improved, but I have a hard time accepting that the improvement is worth this much.


Title: Re: Ladies and Gentleman, There goes $9
Post by: adamstgBit on July 17, 2012, 01:53:06 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.
I can't speak for Proudhon, but this kind of momentum is making me more bearish.

It's too fast, for too little of a reason. It smells like bubble.

I fully expect we'll visit the $6s again.  The first person to sell a few thousand will start a sell off.

dude its over stop holding on to a clearly dead bear.


This is it Bubble #2 is about to start!  
Let us all remember the game plan 12$ is the "top", 8$ is the bottom, and then sky is the fucking limit!


Title: Re: Ladies and Gentleman, There goes $9
Post by: notme on July 17, 2012, 01:55:22 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.
I can't speak for Proudhon, but this kind of momentum is making me more bearish.

It's too fast, for too little of a reason. It smells like bubble.

I fully expect we'll visit the $6s again.  The first person to sell a few thousand will start a sell off.

If you're so sure, go ahead and sell a few thousand.


Title: Re: Ladies and Gentleman, There goes $9
Post by: bb113 on July 17, 2012, 01:55:59 AM
It's too fast, for too little of a reason. It smells like bubble.

Bubbles are driven by hype.  Where's they hype?

This seems like one person/group who put like a million USD on gox. They will succeed at creating a bubble if they keep this up though. Noone wants to sell low, I think most have just been doing that to improve their position.


Title: Re: Ladies and Gentleman, There goes $9
Post by: sadpandatech on July 17, 2012, 01:56:44 AM
Let us all remember the game plan 12$ is the "top", 8$ is the bottom, and then sky is the fucking limit!

That's where it's at. if this guy is chasing he will run it all the way to $11.99885  then who knows where the see-saw will balance it out at. I'm guessing 9ish


Title: Re: Ladies and Gentleman, There goes $9
Post by: Dargo on July 17, 2012, 01:57:19 AM
Seriously?  WTF is going on?  This makes no sense.

We won't stop until you take down that bear.
I can't speak for Proudhon, but this kind of momentum is making me more bearish.

It's too fast, for too little of a reason. It smells like bubble.

This looks like a fairly classic base and break pattern, not a bubble. A move like this has been building in the chart for months. If we get much above 10 without pulling back and basing for the next leg up, then I might get a little worried that it is overdone. But otherwise it is pretty healthy bullish action.  


Title: Re: Ladies and Gentleman, There goes $9
Post by: teflone on July 17, 2012, 05:50:27 AM
Seriously?  WTF is going on?  This makes no sense.

I sold some BTC is what. As history has taught me, the moment I sell something the price immediately jumps. The converse is also true. I try to use this power only for good.

This....  ^^^^


Title: Re: Ladies and Gentleman, There goes $9
Post by: FreeMoney on July 17, 2012, 06:00:02 AM
Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??

Makes a little sense.

He hears about bitcoin, super excited, excited enough to realize he should open his goddamn mouth until he has all he wants. Timing works for that.


Title: Re: Ladies and Gentleman, There goes $9
Post by: MoonShadow on July 17, 2012, 06:01:44 AM
Nope, this is elliott wave theory guys, the price is gonna hit $30, then $100.  Bitcoin is undervalued, now that people understand it, they will hold tight, the market matured significantly since last summer's high of $31.90.  Perhaps, we could see $100 before the end of the year :)

I agree that both the market and the infrastructure has significantly improved, but I have a hard time accepting that the improvement is worth this much.

I'm honestly surprised that we haven't really tested the teens yet.  From my perspectives, the high last year was obviously a bubble due to hype, but there is no hype here.  In fact, quite the opposite, the bitcoin economy has grown significantly; and with Silk Road still marching along as if it's untouchable, the reputation that bitcoin can do what is claimed is starting to really talk hold.  Just last week I had the first person to ever ask me if I had heard about "this Bitcoin thing" without some obvious segway to the topic.  The current userbase should be able to sustain $15 at least, IMHO.  The last I looked, it appeared as if Silk Road alone was doing $2 million per month in gross sales, and the 24 volume record from MtGox alone is roughly 20% of the entire bitcoin base.  Some news is brewing here with this spike & pullback, I just don't know what it is yet.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Serge on July 17, 2012, 06:03:16 AM
Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??

Makes a little sense.

He hears about bitcoin, super excited, excited enough to realize he should open his goddamn mouth until he has all he wants. Timing works for that.

Did he get his funds unfrozen in a first place?


Title: Re: Ladies and Gentleman, There goes $9
Post by: 1l1l11ll1l on July 17, 2012, 06:03:33 AM
Kim Dotcom got his assets unfrozen and moved them all to BTC so the feds can't touch it again.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Electricbees on July 17, 2012, 06:09:14 AM
Seriously?  WTF is going on?  This makes no sense.
This. Fucking this. Where the hell is all this traffic coming from?


Title: Re: Ladies and Gentleman, There goes $9
Post by: FreeMoney on July 17, 2012, 06:10:40 AM
Kim Dotcom spent a few days figuring out what Bitcoin was all about and tonight he decided to take the plunge??

Makes a little sense.

He hears about bitcoin, super excited, excited enough to realize he should open his goddamn mouth until he has all he wants. Timing works for that.

Did he get his funds unfrozen in a first place?

I don't know, but we're talking 1 million. Maybe he found it in the cushions of a really big comfortable couch.


Title: Re: Ladies and Gentleman, There goes $9
Post by: finkleshnorts on July 17, 2012, 06:33:35 AM
The Kim theory is nice, except maybe for the ridiculous sliding wall.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Serge on July 17, 2012, 06:36:31 AM
Kim is looking for a billing solution for his next venture, but i don't think he has extra play money atm


Title: Re: Ladies and Gentleman, There goes $9
Post by: Bjork on July 17, 2012, 06:37:29 AM
Everyone have fun trading tonight?  ;D

It looks like it might stay around 8 or just under, but the manipulators keep trying to push it both ways... :-\


Title: Re: Ladies and Gentleman, There goes $9
Post by: Realpra on July 17, 2012, 07:26:59 AM
Seriously?  WTF is going on?  This makes no sense.
My sentiment since 6.5 ...

Either someone with deep pockets found bitcoin or it's a bubble that may well go even higher before crashing.

It would take really only one rich guy in the world to double BTC value.


Title: Re: Ladies and Gentleman, There goes $9
Post by: Otoh on July 17, 2012, 03:20:17 PM
last month I emailed a wealthy entrepreneur that I used to work for with a Bitcoin pitch (not the same person as the one with the foundation from another thread who I haven't pitched to as yet because of the lack of worthwhile practical charity projects), I doubt it but it would be very cool if it was him &/or his cronies behind this price surge, I haven't heard anything back & wouldn't expect to if that was the case but there would be a big appreciation I'm sure for the tip later on down the line if he had run with it, hope that it's in coins ;D


Title: Re: Ladies and Gentleman, There goes $9
Post by: Aseras on July 17, 2012, 03:23:40 PM
I made a pitch yesterday to a wealth old guy. While we talked it went from 7.5 to 8.2. It spike to 9.X.  I'm pretty sure I could get him to sink a million or two. He wastes more money that that every year on toys alone.


Title: Re: Ladies and Gentleman, There goes $9
Post by: TraderTimm on July 17, 2012, 05:28:19 PM
Midpoint of the current price bar (07/17) is about 8.45 - it is interesting we've found some momentary equilibrium here after the wild ranges from last night.

Not sure about Kim Dotcom - didn't think he had access to his funds. As for other 'manipulators' I'd have to say that was a sorry-assed manipulation. If I had a really vast bankroll, I sure wouldn't tip my hand by purging the orderbook of all offers.


Title: Re: Ladies and Gentleman, There goes $9
Post by: dacoinminster on July 17, 2012, 05:57:52 PM

Here's why bitcoin price increases are just getting started:
http://img6.imageshack.us/img6/7319/028trillions.png

The infographic is part of a larger presentation on the potential of bitcoin (http://bitcoinmedia.com/using-memes-to-explain-bitcoin/) which I made.


Title: Re: Ladies and Gentleman, There goes $9
Post by: myrkul on July 17, 2012, 06:19:16 PM
Here's why bitcoin price increases are just getting started:

Even if just the black market switches to BTC, that's still nearly half a million dollars (http://www.wolframalpha.com/input/?i=10+trillion+%2F+21+million) per BTC.