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Just draw a trendline on the weekly and stick to it until it is broken. Anything beyond that is sheer folly.
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Single individuals with enough cash or vested interest in bitcoin already have plenty of motivation to manipulate BTC, you don't need JPM.
So, how much cash do you need? Feeling generous? I just thought you had analyzed the market and had a ready answer for how much you'd need to manipulate it. I'll retract my statement in light of you not being prepared to answer... |
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Single individuals with enough cash or vested interest in bitcoin already have plenty of motivation to manipulate BTC, you don't need JPM.
So, how much cash do you need? |
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Pretty cool, had to draw a secondary trend-line since we've been diverging from the original. (From around the 8.50 area 11 days ago.) So, primary support at 11.00 with the longer term trendline suggesting another level around 10.00
Interesting to watch...
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This is why I know bitcoin will succeed. Because the idiots are confused and don't know how to categorize it, analyze it, or even come up with anything that is unique. Most of their arguments are something you can use against cash, or they simply display their ignorance of how the banking system works, and who is getting ripped off by using it.
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We could trade down to the 10.00 area and the longer term updtrend would still be intact. (Starting from around July 5th.)
I'm glad we're having some retrace - gets those offers cleared out.
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This isn't new - usually 'bad ticks' are filtered out, but we got one broadcasted everywhere.
I'm using the Sierra Charts method of looking at prices, if you are too - you can right click on the chart, choose "Edit/Refresh Data" and you'll be presented with a dialog window that lets you scroll back through the prices using the left arrow at the bottom.
My timezone is calibrated to EST, so the bad tick is at - 08-09-2012 08:36:41 (plus or minus depending on your system clock)
You can either edit the values or delete the entry. Then select "Reload Charts" and everything will be back to normal.
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Remember, the holy 'trinity' of any acceptance of technology passes through the underground first - so, porn, drugs, personal vices adopt it first. The rest is coming, soon enough.
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Slashdot gets major advances wrong with amazing frequency. The day they 'buy-in' is when your grandma is using bitcoin.
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So, in one moment Pirate is doomed above $10 - then he's just fine until we hit $13, or is it $20? Wait, I read on this forum that Pirate controls BTC prices, so there's no way they'd be trading so high... oh wait...
This stuff is so hilariously contradictory I can't even begin to laugh enough.
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I can't wait for it to punch $30, screw around for a month at $35 then go towards $40's. Perhaps then all the bubble idiots will shut their pie-holes. Hell, they don't even know the definition of one - not that we haven't tried to educate them, of course.
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Hah, I ask for odds and he gives me a silver chart... Okay, lets just buckle in then and see what happens  |
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You're going to be waiting for looooooooooong time.
Care to give me an over/under on that? I'm curious. |
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I can't wait for us to surpass the old highs - if only to stop the idiot "bubble-heads" that come crawling out of the woodwork every time we advance in valuation.
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Actually it will mean bitcoin won't go anywhere as the internet will add quantum communications to its network, ensuring any kind of censorship will be rendered utterly useless. (Even more so than now with current technology.) |
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Everyone is also conveniently forgetting that the moment someone invests in Bitcoin - even to 'manipulate' the price (which is laughable, given the lag times of moving funds into exchanges) means they are INVESTED IN THE SYSTEM.
Sorry, there are easier methods that don't involve speculation - but I won't entertain them here.
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Higher prices are cool, but I'd like it to do a partial retrace for a bit of sanity. However, I have noticed that for whatever reason BTC tends to have these 'leg up' pops that end up being new plateaus of trading.
Interesting times, in any case.
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wow, zombie thread.
they are really useful to remind us not to make certain errors again :p I'd buy it with both hands around 25. Hell, I already have.
Stick to your guns, we'll be laughing about how this price level got left in the dust a few weeks later.
My collective basis is way below par, and while I did get stopped out on that particular trade, it wasn't the end of the world. All part of the game. I knew what my risk parameters were and acted on them. I suggest anyone trading BTC to have a fully-formed plan to avoid potential pitfalls. |
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