The last time we experienced some stability, the price was $13... we all know what happened after that...  Haha exactly. The longer the stability, the longer the boom. |
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 12 hour exponentials about to cross |
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Gox is slow and unavailable. Goxxing never stops.. Server error The website encountered an error while retrieving https://mtgox.com/index.html. It may be down for maintenance or configured incorrectly. Here are some suggestions: Reload this webpage later. HTTP Error 500 (Internal Server Error): An unexpected condition was encountered while the server was attempting to fulfill the request. works ok for me |
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bitcoin will really be "cash of internet" and 1btc will be approx 2,500$
You people have no vision! Add 2-3 orders of magnitude to that number. Yeah exactly. In 8 years, the price of bitcoin will be $50,000+ each or 0. Nothing in between. |
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All these memes here are terrible. At least you guys could try to be funny.
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My gut is screaming bull trap
My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time. Getting mixed signals here. Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend. Edit: that being said... I'm getting super impatient. This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing. I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.The Venture capital, techcrunch activity and China are all massive, massive indicators on a medium/ long term... which is why I'm surprised we are not seeing more activity. Seems many are like you, not noticing how big these impacts will be. When the products/ deals/ whatever they spawn are announced (or before they are announced), make no mistake, it will be vicious and many hoping for cheap coins will be left on the sidelines. |
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My gut is screaming bull trap
My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time. Getting mixed signals here. Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better" Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend. Edit: that being said... I'm getting super impatient. This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing. |
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If BTC wants to reach out to the average middle class out there it needs to value itself at $30-50
Hm? What is this? Would you say gold is too expensive, middle class should buy silver instead because it's cheaper? A bit (or mBTC) is still only 12 cents. Cheap enough for the middle class to buy? I admire your patience. |
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Lucif, any updates on your analysis?
Here's an update... Taken from a cam I secretly posted in Lucif's room. I took the liberty of editing the film to capture the moment as the triangle broke upwards:  |
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fyi, there's a short 2500btc+- sitting there to pop(buy order) .. probably when prices go to 120 ish.. let's find out Where do you see this? |
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Seems that instead of buying in market orders as we went up, people got wise to the volatility and just started adding bids as there was a good chance they would be filled. Everyday that passes with this stability it seems that the likelihood of the general market strategy at present decreases.
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due to low volume I hope you guys don't mind a crosspost from here: https://bitcointalk.org/index.php?topic=192719.msg2084624#msg2084624 to enter a bear market we need a lower low. Depending on timeframe there are 2 potential lows to break: - the $80 low on 5/3 (red)
- the $50 low on 4/16 (yellow)
if we don't make a new low below $80, it's not a bear market but a correction (by investopedia definitions quoted further above). We could then enter a bull market or at least further consolodation pattern (green). Of course there's different options for "green", I just outlined roughly one of them. A break of the $170 top would clearly mean we're in a bull market again (both higher highs and higher lows would've been reached then) I don't think we have to wait more than a month to see this resolved. Yep, this is what I've been thinking for awhile. Nice to see it backed up with definitions and looking quite fancy. |
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Next spike may be a long time coming.
Quoted for posterity  |
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Man, MtGox still down? If only there was something else. Some other "site" on the "web" which could "act" as an "exchange" "besides" "Mtgox".
oh hay my quotation mark key is broke.
Get out of here with your logic, sir! |
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That was painful to watch. How many times has the bloke in the middle flatlined in the past year do you think?
Dinosaurs. If you've made billions on the old, corrupt financial system, why would you have anything positive to say about this "new-fangled internet money"?
Bill Gates looks (and talks) like a sprightly teenager amongst that lot!
indeed, lol. At least Warren Buffett was smart enough to say he didn't know. |
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