Bitcoin Forum

someone is going to place a 20k btc bid @ $10.70

just a hunch

Chocolate rain, some stay dry and others feel the pain.

No seriously, didnt you say it goes up to 12$ in another thread like yesterday? Why suddenly only 10.7$ now? https://bitcointalk.org/index.php?topic=102574.msg1124275#msg1124275 (https://bitcointalk.org/index.php?topic=102574.msg1124275#msg1124275)

the $12 deadline is the end of august 27th.


This buy is going to happen tonight.
This is just a guess.


the other thread i'm sure about.

we have seen this all before. it is too early to be bullish yet. paying above 10 right now is risky compared
to holding tight for a couple of weeks and possibly getting in at 6, 7, or 8.

after every big tumble there is a quick and brief bounce. then another drop as traders take their
profits.

if you are going to buy at least target under 10...

fcmatt is, in my humble opinion, wrong. The pressure to go up is tremendous. We've just had the biggest press by far since the big hype of 2011 and some of the latest developments have potential to become bigger than silk road. Block reward halving is also getting closer. I have topped the level of my bullishness previously many times but I have to say that lately I've reached a new top.

Any visit to below $10 will be at most very temporary at this point.

What was the big press? You dont mean that credit card talk, do you?

Big press to me lately is pirate and the so far theft of 100-500k btc.  that cannot be bullish in my mind.

For the love of god, it's not a credit card. It's a prepaid debit card. Big difference. And yes, I do mean that. With the fees BitInstant is promising to deliver that card, it's going to be a complete game changer for a lot of things.

That's not the whole point though, the general tone of the press is very positive and there have been a lot of quality articles in a wide variety of sites.


I could care less about Pirate. I could care less about the money. No sane person has invested in that fund. The money, whatever happens to it, will most likely be used in a relatively rational manner. Dumping it all on the market makes absolutely no sense. If it's payed back, it makes no sense for the rightful owners of that money to dump it either because of the fundamental bullishness of Bitcoin right now.

So in conclusion, I'm not worried about the Pirate situation. In some ways I hope it goes the worst possible way because that would be a good lesson for the gamblers in this community. If the money was payed back it would make future ponzi schemes much easier to execute, by Pirate or others.

No way Technomage, everyone should panic sell because of the pirate situation.

Please sell.

big press would be mainstream media,  not slashdot or other online news blogs!

http://money.cnn.com/2012/08/22/technology/startups/bitcoin-debit-card/index.html

One made it onto CNN Money, the other didn't. Guess which one is big?

I say not online news blogs and you show me news blog?  lol
Show me the footage on CNN channel then I will get excited.  :P

It is big press. It's a new peak on Google Insights since the summer of 2011. That CNN article was in the "most popular" list for 12 hours that day.

Here is a list of the articles: http://blog.bitinstant.com/blog/2012/8/23/the-press-and-the-paycard.html

My site, which is a Finnish Bitcoin portal, got a record amount of visits thanks to our article on this. That is actually quite significant, because we were featured lately on a very mainstream TV show with over 500 000 viewers, in the biggest channel in Finland. Even that didn't attract as many visits as the news on the Debit card, which went totally viral in Facebook etc.

Our visitor count per day has been over one thousand lately on many days and the site is solely for Finnish people. The numbers that BitInstant has been getting have to be insane.

The thing is, you see, it don't care what you say. One made it on there, the other didn't, ergo one is bigger press relative to the other. You can adjust the goalposts to fit any theory you may have, but that wasn't the argument being posited,

well, its looking like its too late to make the move that i had predicted.  The reason i predicted that move is because, knowing what i know, that's exactly what i would do if i had $220k.  I would want to make sure I made the move before someone else did because I think it was the last chance for a big investor to get 20k btc for <$220k.  

it's not to late to make a move, rally is about to start, those +$10.6 walls are going down, one way or another

yea, i agree those walls are going down no matter what. but, my prediction was that some big player would buy it up to $10.7 in one move. getting him 20k btc for ~$210k.  I still think there will be a big move to $10.7, but not as big as I had predicted.

I just thought you was going to say "OOOhhhh HHHoooo, That tonight's gonna be a good good night"

I think any sane person would look at the bitcoin volatility and think "maybe another time".
I think most of the reaction to news comes from the community itself becoming bullis when 'their' bitcoin gets exposure.
Notice how little the price reacts to this news compared to the movement 2 weeks ago.
I would say that the effect of the news coverage is still insignificant compared to the genral mood of current coin owners.

Isn't the bitinstant thing going to actually be a net neutral at best?  As far as I can see it's just going to create more demand for BTC holders to use them, which means it will actually increase the sell-side of the equation as BTC are converted back to national currencies.

What we need is more actual goods and services brought into the bitcoin fold - this is what makes a currency increase in value over the long term;  the faster growth of the underlying product base than the supply of money.  I think it's great, this whole debit card thing, don't get me wrong. That being said, the bitcoin economy itself needs more of an actual economy of goods and services.

I think their reasoning of saying it could be huge is it can be used similar to western union for less fee, so it would increase demand for BTC from people who would never otherwise care about it.

i'm really surprised no one has made this move yet.

well i guess i was wrong. No investor was smart enough to make that move I had predicted

well, i guess someone made a move, but not THE move.   They placed a 10k bid at $10.7 instead of 20k like i predicted

hey, you still might be right you know.  $12 by tomorrow right?

kentrolla where are you getting these ideas from?

no, i'm talking about my prediction of a buy up to $10.7 for 20k btc (back when the price was 10.5 and it required 20k btc to get to $10.7).  I was wrong. instead the "market" did it over time and no big player did it in one big move.

I know I'll still be right about my other prediction of $12 by the end of the 27th
(https://bitcointalk.org/index.php?topic=102574.0)

I'm glad I took the bet on your side lol  ;D

lol you're crazy.
it's only a good bet if you know what I know.
thanks for setting up the bet on betsofbitcoin tho.

I hope you bought at ~$9.7 when I posted that prediction :)

Nope, I wasn't that confident in you   :(

Trying to get in at around 11 if that is still possible lol

lol i was just going to say place a bid at 11.01

did u get in?

Just did lol

MAN do people like to panic hard!

nice.
I'm pretty sure that was the lowest u could buy at

Cheers to selling above $12!  ;D

Nope. If you can use your coins faster you can keep them as coins for longer. And if you just need to -maybe- use them this weekend you don't have to cash them out at all whereas before you had to cash out as much as you might possibly need.

Easier to use ---> better money ---> more valuable

Don't forget people who think "eh, too hard to cash out, I'll pass" now they are in.

Thanks for posting that, it gave me a new point of view.

idk, lucky guesses. ¯\_(ツ)_/¯

I think its obvious

either kent

A) Has a friend who has 200K that was ready to buy

or

B) Kent has 200K and was going to buy

either or I do not care let the rally commence I dunno about breaking 32 like last year but fucking A if we see close to 20 alot of people will be happy

no, its not that. If that was the case, I wouldn't make a post on the forums about it.

also, it would take >$1.4 million dollars to make that prediction


from my prediction thread:




I'm going to get some sleep. I'll explain why the price is $12 when I wake up.

Hint: believe it or not, but there is such thing as a "bullish crash."   ill explain later

Also, I went all-in at $8, so I'm definitely biased and it's in my best interest to persuade people to buy.

went all in in at $8 myself! all i had was $4300 in fiat sitting in the market, but i took the risk and made a pretty good chunk of change for going all in!  Thanks Pirate40!  Biggest gamble yet. made ~ $1800 if you cant do the math.

Wow and I thought he's trolling. I stand corrected.

I can't wait until he tells us how he was so certain O.o

What's that "Bullish Crash" talk? Does anyone know?

nope!

waiting him to wake up... ???

Looks like his 12 has been offset by a small sell-off tho. Suspense...

good morning.

just to clarify, the bet was the daily high today would be >$12.   So, no matter what happens, I still won the bet.

Although, I do think we will end the day >$12 anyway.

The concept of a "bullish crash" has probably been explained on these forums before.  The simple version is: The coins were moving into stronger hands.  There's more to it than that, but I'll keep it simple for now.

The reason this last crash seemed so bullish to me was: there was that obvious fake stairway formation and yet we still weren't crashing any further even though it would require >$1.4 million dollars to get to $12 at the time.

My guess was the stairway formation was there because a big player(s) wanted to keep the price low enough until the weekend to start a big rally. The reason why he/they waited until the weekend to remove the stairway is that he/they didn't want much competition to snag up the coins.

These are just a few factors that helped me decide this was indeed a "bullish crash."  For obvious reasons, I don't want to give away my bread and butter trading strategies.

All in all, it was just a guess. But a well informed one.

Next prediction:  We will break our 2012 high about a week after the big announcement coming up.

Hmmmm... I call bullshit, but well played nevertheless, kentrolla :D

Scumbag kentrolla, buys us up to $12.15 to win a bet.  :P

I dont rly buy it, but whatever. In other words:
https://i.imgur.com/MI3DE.gif


Any prediction what will be announced?  ;D

kentrolla, my new financial advisor!  good call.

He is my new financial advisor too :P lol

Kentrolla, your next prediction please? And what's this announcement?  ;D

I don't trust kentrolla. The rise to $12 looks like it was forced. I think he is trying to induce a Pavlovian response so he can manipulate you all.

...Um... something about tinfoil hats coming up.

Weird, I had found a thread by him saying the price will be above 11.99 at the very end of August (including a bet) but I didn't see it approved by betsofbitcoin and now the thread's gone.

[edit] a new thread, that is.

Ah here it is:

http://betsofbitco.in/item?id=605

at the time of my prediction, it required over 250k btc to get to $12.

i wish i had $2,600,000 to just throw around to win a tiny bet.


if you don't trust me, go ahead and bet against my new prediction:

http://betsofbitco.in/item?id=605

why only .55btc disagree??  

I'm gonna throw a small amount to disagree :p

uh oh. u are 1-0 vs me  :(

how much did u bet?

0.75 lol

lol there's still more coins on the "agree" side for some reason.

FWIW, Yuhfhrh always win his bets

ftfy, I've only won 2 bets lol  ;)

Looks like I won again!

Damn U!

here's a new prediction. plz bet on my side so i win lol.

http://betsofbitco.in/item?id=619

hmm, its still waiting approval

Tell us what it is lol

its up. its just another bet for Yuhfhrh to steal my money


The "Last Price:" on Mt.Gox will be >$10.99 on September 12th, 2012 at 13:00 UTC

Lol it isn't stealing, you're practically just handing it to me! ;)