 As you can see the...nah. Chart says it all. Disclaimer: you don't actually need to drink 8 glasses of water a day to stay healthy. Moar chartsez? http://tonycoleby.com/bitcoin |
|
|
|
You can't draw support / resistance lines on log scale charts. Try linear chart...
[SNIPPED HUMONGOUS IMAGE]
stop spamming that worthless chart. it's taken completely out of context and has no predictive power. also, why can't you draw trend lines on log scales? THIS |
|
|
|
|
Absolutely necessary and a nice touch.
I took some coin from the swings and see it as kind-of a payback.
|
|
|
|
it will take Bitcoin over ten thousand years to become a useful currency. It's grown an average of one dollar a month over the past 4 years. Remarkable. I need to get away from this awhile.
Things tend not to grow linearly. It 'tends' to be worth almost 5 times what it was the previous year the next year, and that isn't taking into account more coins from mining. This. And that the average price this week, month, year is a lot more than that $56 we just saw. |
|
|
|
You sound level-headed, I'll give you some kudos. I bought on-average way over $20 but made money and coins and goods on the way and am still holding. The price right now is almost exactly my averaged entry price. Like others have said: it's the "crash to zero!111" crowd I couldn't listen to. Or others simply WISHING a crash because they were way too unadventurous. But why do we have be defined as bullish or bearish, I guess I was and still am both of those things albeit in slightly varying fractions?  Confession: part of me is very relieved at what happened and how it wasn't as worse as it could have been. We could still see a long tail-off like the 2011 decline but there's plenty of time to exit gracefully in that case. But things are quicker now. No time to think! |
|
|
|
OK here's mine: Too round. Apart from Casascius, most Bitcoins will go nowhere near a coin-operated vending machine. I say make them seven-sided like that classic: the 50 pence piece.  PS: Sorry, it's been a LONG week  |
|
|
|
|
I'm really curious to know what's happened the Gox verification queue over the last couple of days.
In spite of the fact that many waiting to become verified may have simply been scared off, someone must be awaiting verification, be lurking here and have that little rounded-off number to share with us?
Anyone?
|
|
|
|
|
Ooh that $30 is tempting can I have a piece of that? I call it as a bottom though not a finish.
Let's say bottom $30.50 finish of $36.
|
|
|
|
People who don't understand investing are giving out all kinds of advice about it.
Now that's where I beg to differ. I wouldn't even call Bitcoin an investment yet. Though the difference is very subtle, it's basically a series of gambles until that mythical day that may never come when Bitcoin becomes a legitimate currency and/or stablises. Until then, it's the wild west. The wikiwiki wild, wild west. |
|
|
|
|
The only SERIOUS lag I saw was in the 40 minutes or so after MtGox came back up. After that its's been very smooth excepting the odd period of 10 or 20 second lag.
So, no DDoS today.
Yet.
Why bother? Most of their job is done.
|
|
|
|
|
What the hell, let's say $30. Nothing like previous highs for last bastion support.
|
|
|
|
|
Turn the BTC/USD graph upside-down.
That's the 'rate-of-nastiness on this thread' graph right there.
|
|
|
|
Oh I think the next stop is Despair. It's a nice chart, one every student should study at some point in their education as it relates to a lot more schools of thought than mere economic ones. The thing is, it's fractal -- it repeats itself on different scales. You can beat it to fit almost anything but yes of course we're seeing it live, it's fun. Well, this is your captain speaking, if we make it out alive I do hope you choose to fly BitAir again  |
|
|
|
Mmm coin dumpling |
|
|
|
When the price is going up there is always talk of the "psychological barriers" that appear at round numbers. Interestingly when the price is going down there is no talk of these barriers. Why is this? A few possible reasons: - The cherry has been popped and now it's lubed up and ready to go again
- There is no psychological barrier, and it's just a piece of bullshit that the bulls come up with
- The price drops so much faster than it goes up so the barrier is irrelevant
Because previous or lower support or resistance is never rounded off: many people's mental prices average out to an odd number. And because people's cashing-out number always IS a round number. |
|
|
|
|
Now THIS is what trading should be like.
I've made a few coins already, I've earned breakfast.
*voice of Proudhon in my head* but they're all worthless...
|
|
|
|
Yesterday's news! We're already trading on it |
|
|
|
Funny how this thread's name is "wall movement tracker".
Everybody is tracking that wall at 76
Does anyone trust that wall? Nyesno. It's all we've got to work with. |
|
|
|
Good morning from the east coast, everyone. Still falling, just like I expected. Looks like a lot of the money is placing itself down near the single digits. I expect to see a great battle for the single digits in the weeks ahead. Fun stuff.
Ah...the beast awakens |
|
|
|
I was about to put a bid on 76 but there's more to lose than win if it gets broken..Eating popcorn and watching the charts is more fun
Robots at 0,01/ 0,05 is making engine lag 2 min and increasing
$76 is good, lag's manageable ATM. Bid $76.5 if you REALLY believe in that Bid wall. |
|
|
|
|
Show Posts
