Nice selloff! Strong resistance here.
We'll see. Some oscillation is to be expected. I'm happy with anything over 4.2 as the next stable price. there you go. |
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LOL, yeah I tend to lightly wake up a couple times a night anyway. So now I just I roll over to casually check the price, all while try to be slow and sneaky so my gf doesn't wake up. I had to leave the room just now, haha, but with this rally she will be very happy once she gets up this morning. LOL
ROFLMAO! Gaud, we're all sick with the same disease! |
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I stayed up until 5am last night waiting for this, and then it goes and happens right after I wake up SOLD. Typical.
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Call me when bitcoin reach 30 again  buy when high, sell when low! |
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I love it, I leave my laptop by my bed as I sleep, the mtgox flash causes the fan to start up. Whenever big activity happens, the fan goes berserk and wakes me up. What a lovely thing to wake up to.  i thought i was sick. |
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I'm not hoping for a repeat of June but it's certainly possible that we will see a new bubble. Bitcoin could bubble many times before it calms down because we simply need a higher market cap for more stability. If Bitcoin gains widespread popularity for any type of usage we will be looking at three digit prices and probably four digit prices eventually. It's quite flawed to think that there won't be way more bubbles in that case. If Bitcoin stays as a small niche, then it's a different story however.
I see Bitcoin as a massively revolutionary type of money both as a store of value and a medium of exchange, it would be quite disappointing if it didn't gain a large foothold in at least some possible usages. And there are many possibilities. And I strongly disagree that there isn't a massive inflow of users on the way, Bitcoin already got some pretty decent press with the "Bitcoin coming back from the dead" news but that is just the beginning.
If the rally manages to break $5 and eventually further, a massive amount of smart investors will start looking at Bitcoin with very large interest. It's not just a fluke if it comes back after a massive crash. This will create the kind of interest that will make May/June events look like nothing in comparison. This is going to happen with high likelyhood if we continue to rally beyond $5 in the short term.
As far as the influx of regular users, it's hard to say when and if there is a massive increase. It will depend on the marketing, acceptance, development of Bitcoin etc. But investors will come aboard without any of that if the price technicals start to look as good as they will if we continue to rally. There will be a lot of press involved in this as well.
geez, do u dictate these posts or something? |
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… once people begin to realize that not the rise, but the fall was manipulated?
I think it's more complicated than that. The depth of the fall is a combination of profit taking, manipulation, and just a lot of bad shit happening all at once. On the bright side, you might say that with the infrastructure getting more robust it's unlikely that again all those things will conspire together at once. In other news, I said several times in the past months that we wouldn't see prices above $5 for the rest of 2011, and it looks like I'm about to be wrong on the last possible day I could, even if only momentarily. Man, that would have been an awesome betting scheme! |
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gonna be big when we break 5!
thats a huge psychological barrier. |
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What are all you weird people talking about night? It's 2 bloody PM! Clearly, the Manipulator is European.
sorry, i thought the USS of A was the world.  |
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… once people begin to realize that not the rise, but the fall was manipulated?
very, very good point. short selling at Bitcoinica implemented in September was also a big factor leading everyone to believe that the death knell was near. while it hurt alot of longs the last few months, i can't help but think alot of the shorts have been decimated. in fact, i'm sure of it. |
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… once people begin to realize that not the rise, but the fall was manipulated?
very, very good point. |
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Still waiting for Nagle to turn up and explain this stuff.
what possesses you to bring THIS thread back up to the top? |
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It's so quiet, there's only ~2 threads cheering the rise, and the IRC channels are not being spammed. Where are you guys?! Lazy bastards, all celebrating the coming new year or something -.- Just kidding! This is totally awesome, and I'll be off to a party in an hour too* *Celebrating the rise. And maybe also the new year. its called the Deep in the Night ATTACK. |
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i dare say an apology is coming from somewhere!
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seriously guys; watch out for the Double Ramp...
What is this "double ramp" you speak of? about 10d ago we had one of enormous proportions. the strategy circulating around here at the time was sell or short into all spikes since they inevitably come back down. at the time the price had been stuck @ 3.2 and the MCO had decreased to unsustainable levels. i could see that a big move was imminent and indeed it spiked to 3.7. as the sellers and shorts stepped back in and brought the price back down to 3.5, a second ramp occurred taking the price to 4.5. the sellers/shorts were essentially assed raped. as i'm typing this we're seeing it again... Thank you for clarifying! That's what I was thinking, but wasn't too sure. I've got caught in those a couple times, in fact, the one you're referring to. Luckily, I managed to get back on with a slight gain. i forgot to mention that the Bitcoinica users were hit especially hard as Zhou's algorithm took the price to 4.95 at the time, LOL! so many ppl got liquidated in that one and he even had to reverse some trades. i don't think he should have done that b/c once you capitulate to clients like that, you're doomed to having to do it again. he is creating a problem for himself. |
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oh boy, the OP is gonna be all over this when he wakes up. LOL!
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seriously guys; watch out for the Double Ramp...
What is this "double ramp" you speak of? about 10d ago we had one of enormous proportions. the strategy circulating around here at the time was sell or short into all spikes since they inevitably come back down. at the time the price had been stuck @ 3.2 and the MCO had decreased to unsustainable levels. i could see that a big move was imminent and indeed it spiked to 3.7. as the sellers and shorts stepped back in and brought the price back down to 3.5, a second ramp occurred taking the price to 4.5. the sellers/shorts were essentially assed raped. as i'm typing this we're seeing it again... |
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UP UP AND AWAY!  there u go again causing that 504 Gateway error over at Bitcoincharts! |
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My asshole has clenched quite a bit, I'll admit. Going to have trouble going to the bathroom for the next few hours! You know, there really is no good reason for that to have happened. The data LIED to me!!! you're doing a commendable job with that particular piece of data but don't get lost focusing on that tree; zoom back out and look at the forest. |
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