Bitcoin Forum

seems like it, no?

No.

we'll see a move to 15 or 20 in August. 

What's make you think so?

I certainly don't follow the Gox BOOK/VOLUME/TRADES as much as the chatty-cathy's on BTC irc however there have been some big players joining the club as evidenced by some of the big buys that have been made and the large BTC address that are public available.  There is certainly increased VC interest.  There is a HUGE (bigger then Facebook HUGE) potential in banking disintermediation so there is that opportunity when someone figures it out AND the public accepts it.  In August, vacations are over  for US, people are back to work and I think we'll see price increases due to real interest and increased speculation.  I also think we'll see profit taking after any spike like that and another hack in August or September.

Disclaimer:  I'm not betting my BTC on this.  Purely speculation.

 

No, definitely not.

We'll see.  This is still the "Wild West" of BTC.  And government hasn't even weighted in yet.

No $8.50 isn't a floor...it will become short-term resistance as we fall past it...

Thank God.

5$ is the floor
6.5 is likely to never be seen again
7.5 is likely to bring strong support
7.0 is likely to become the new 5

enjoy getting fucked over by this prediction  ;)

I agree. Simply because I finally got a friend convinced to try it. Doubling effectifly the number of Bitcoiners I know.
Now it is me and him.

I cannot say he will mine and buy as much as I but we will get there eventually.

I want it to go back to $5 and just stay there for the next year, so I can accumulate more and more coins.

And then go to $1 million each after that.

That would be the ideal scenario :)

I'll also think we'll see $3  again in the next 12 months.  We are probably a long way to from any significant stability.

If nothing MAJOR MAJOR MAJOR happens to justify such a movement the amount of support that will materialize
at even 4.3 is beyond my wildest imaginations.
Flashcrashes excluded.

The biggest trend I can see happening is that MTGOX will become mtgox and there will be constant discussion here
on the forum which exchange really is the best.

I hope your are correct but I still think we're going to see more major hacks and/or more financial, corrupt, inept shenanigans.

+∞

If it goes to $1M per coins does it really matter if you get in at $8.28, $5, or $10 per coin? ;)

It does it you are day trading this...buying and selling...you can gain more or lose more coins...if you know what you are doing...the first will be true.

My thoughts exactly, I wont care a bitcent how many more I could of gone after if it goes to a million a coin because being a billionaire would take all my worries away in the financial realm.
I am hoping this will be the new floor but hey BTC history shows me never get to complacent in what I think is where its going to be for awhile. I do think that there's a big probability that this is the start of the real growth phase after lots of time since last years drama and still BTC stands.

oh man that would be AWESOME

The price has been stuck at $8.40 for an hour now, I predict a slight rise now :o

Bitcoin supply is constant (until the end of this year that is)
People joining and using bitcoins is a growing number.

Unless a big issue/flaw/scam goes into wild, I expect the price to continue rising.

Ive been trying to introduce more people to the benefits of bitcoin .......but many of them
STILL cant see the benefits outside of buying drugs on silk road or avoiding paying tax  etc

Until we get some major acceptance ,i dont know if there are enough geeks willing to download 3 GB
blockchains and put up with multi level encryption to use bitcoins everyday


and we need vendors that are giving incentives to put up with the hassle of learning encrypted wallets

its just  not easy to buy a happy meal or put gas in your car or buy a new pair of shoes with bitcoin ................ yet

thats the major drawback ,its still just too complicated  for the average idiot  to understand but i hope that gets simplified over time ;)

 

8.40 could turn out to be the bottom

its taking a beating but its holding

lets see how things look tomorrow morning!

They don't need to do that. New users can use www.coinbase.com where they don't need to download blockchain or know anything about encryption.

We will go lower. 

Yes, since having a third party hold on to your BTC has worked out so well in the past!

New users don't know that :)

We trust banks and savings and deposits and credit unions with our money.

I think the rally has lost steam and it's very possible that we'll have a dip. Not sure how big of a dip though, $7.x is surely thought of as a cheap price by the majority at this point so it's very unlikely to go below $7.

They will know soon enough and then we have another myBitcoin fiasco? No, thanks.

electrum is an option. I use electrum myself to great satisfaction.

lets hope so. haha

revived an ancient thread? :P

yep. never went down to $7 again after your post ;)

it's kind-of funny that 8 month actually does seem like ages.

Seriously though right now there's a huge amount of orders around $8-$20 - about $2 Million worth I think

I've never seen it like this before.

For some reason people expect a crash of epic proportions.

What utter crap. There are huge volumes trading at $120 too -- I've never seen it like this.

Where do you see these orders? Which web-site?

bitcoinity shows market depth, so do a bunch of others.

However there's nothing new about lots of low bids or high asks -- you often find market depth is high high at 0.0001 and 1,000,000.

Bear in mind also that there will be some skewage these days too, as Mt Goxis changing the order process, and only allowing orders to go through that are funded. This will change the profile of the market depth chart, particularly if they just cancel orders that are non-funded but leave the others in.

you got that wrong. Currently no unfunded orders are displayed in the book, only funded orders. That's apparently (as stated by magicaltux) why the engine craps out: it has to re-check the orders (change the state between "invalid" and "open") when users balance changes.

The depth chart will not change at the time of rollout of the change.

However: it will behave differently from there-on out: When price move (for example) up, some people's USD balances increase. If they have "invalid" unfunded orders, some of these will become valid and suddenly show in the order book. Some other people gain BTC so some of their unfunded asks will become valid and suddenly show in the orderbook. In other words: a price move currently results in depth being moved "uphill" (at least partially).

This will not be the case any more and price moves will just decrease the depth.