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For BTC to be worth 300k we would need an option to buy bread, milk or cigarettes with it in the neighborhood and in pretty much any shop we'd like.
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It is probably, for now, lot of bullish stuff today... I don't know where we're heading and wouldn't bet it would be as high as you pointed but we might be safe from crash for few days. Or not  |
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This is Bitcoin... every entry is considered a high risk one.
As well as exit, hehe The Wild West at it's best  |
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Well, I'm in, just called the real estate agent to sell my dad's house |
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I admire your bot, Richie!
Now, there's something I wouldn't mind being told more often.  What bot we are talking about? |
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So... that's exactly like every other market then.
Kinda, yeah, though I think there's more emotions drivel trading at bitcoin market than others, most of other markets are professionals only, most of us here are pure amateurs... I wouldn't say that. Other markets are usually much, MUCH bigger and thus harder to move one way or the other. They also have many financial tools not yet available for bitcoiners. (Shorting is still somewhat limited and I don't think I saw any puts, or other derivatives.) I have coworkers buying stocks even if they have no ideas how things work. It's just trendy to do so. Yeah but lot of stocks markets don't let each random Joe to trade on their platforms. You are free to invest but through broker. Anyone can trade Bitcoins, I don't have a clue about markets and never studied it and I went to trade bitcoins. That's nowhere near standards required for real stuff, my only luck (and luck of most of us here who trade) is that it's extremely volatile market so even if we make mistakes we can fix them doing next trade in another speculative market move. |
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So... that's exactly like every other market then.
Kinda, yeah, though I think there's more emotions drivel trading at bitcoin market than others, most of other markets are professionals only, most of us here are pure amateurs... The most interesting part is that huge majority don't even know what was the tune of that Chinese documentary, maybe it wasn't too positive at all, lol |
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I'm fairly sure that there's far more bids today by people who loved China news story than by Chinese themselves Bitcoiners don't need much incentive to stat buying or selling, just give them a news, fake one will do too and gox is banking on fees |
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HAHAH someone just bought 345 up so they could sell 345 down, HAHAHA
Gox and their stupid interface, I've done it few times too. Happened to me last week. Cost me almost $5k.  Uh, that's a lot... I'll be at least 10-15% better right now if I haven't made tons of such mistakes, wrong calculated fees, currency exchanges etc.. I usually play on safe when trading and I really rarely get burned there but that kind of mistakes had cost me a lot. |
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HAHAH someone just bought 345 up so they could sell 345 down, HAHAHA
Gox and their stupid interface, I've done it few times too. |
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i'm sick and tired of taking abuse, but no praise. i hope you TA-naysayers who wrote off my analysis because it was 'obvious' that we were going straight to $50 buy at the top of this minibull.
You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it. see? you're still simply writing off my work. this is why i asked you not to comment, because your opinions are clear, and the sarcasm isn't necessary. i ask for neither praise nor abuse. but one without the other is not honest. I do, it's not some special work and I'm bored seeing you quoting yourself and linking to your posts whenever you remotely guess something, I just don't understand what's your pleasure in proving that you are (sometimes) right on the Internet. Give it a rest man, if you want to predict something, do it, you obviously enjoy in it but don't expect me to suck you because of it. Trade your stuff, make money from it if you're such good analyst, predict stuff half arsely like we all do and stop taking your predictions and someone's else (in this case my) views of it personal. I just don't care what you think about your work and it's accuracy and I definitely don't care if you were right or wrong, specially not when you are highlighting only your rights and I'll comment it just like I comment anyone else, I don't find you as any kind of market analytic authority here, you can like it or not, it's up to you. You don't mind quoting someone else when he is wrong about something pointing him to your smart post but you're crying when someone does it to you. Well, maybe it's time for you to learn that traffic goes in both directions mate. |
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You can buy that and next week lotto numbers if you send 13 btc to address in my sig.
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Did you really need to open new thread with another one of your only 3 spots below.
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You want to be praised? Haha, for what - seeing 10k wall and figuring out it won't get below it.
Hail The King, The Master Of Market Analysis
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A dip as dip to low 100's pretty possible, doesn't look like we'll see another crash below that but who knows..
We'll see it as some point soon again though, I don't have a doubt about it. There is no strength to keep price in middle or high 100s and crashes are always a good bet to happen after asks exhaust themselves.
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Looks like resistance at 110 - 115 is waning. Time for 120?
I think the wall at 120 and the strong previous support - now resistance at 121 prevent any crossing of this line for now. A retracement to 105-6 is in order when the assault to 120 fails. This would be my original prediction from several hours ago. True, there is resistance at 120-124 (that big volume hammer on the downside) but we broke through it on the rally or bounce out. I think that makes that resistance weaker, no? We will need several attempts to leave the resistance levels of about 121, 135 and 150 behind. Then there is 167 and 267, but they were never confirmed with volume anyways. I prefer to think that the strength of the resistance is important, but equally important is the move required to reach it. It is like marching armies to a battle. Sun Tzu writes: Thus, if you order your men to roll up their buff-coats, and make forced marches without halting day or night, covering double the usual distance at a stretch, doing a hundred LI in order to wrest an advantage, the leaders of all your three divisions will fall into the hands of the enemy. The stronger men will be in front, the jaded ones will fall behind, and on this plan only one-tenth of your army will reach its destination.
If you march fifty LI in order to outmaneuver the enemy, you will lose the leader of your first division, and only half your force will reach the goal.
If you march thirty LI with the same object, two-thirds of your army will arrive.
You have a certain buying pressure, but if you want to conquer something that is 100 li (about 25%) away, no matter how weak it is, you will certainly fall. After such a move, sellers smell any sign of blood, and the 61% retracement is sure to happen. (This is pretty much my trading strategy: only sell after this move, because you cannot really lose) If you need to advance 50 li (12.5%) and then demolish the wall, half of the buying pressure is already relieved, and likely the wall will hold. Even if it falls, the chances are great that the region will be revisited sooner or later. After 30 li (7.5%) you have a mighty power to attack a wall, but even then, the victory is not sure. Depending of the strength of the resistance, it should take up to 4 assaults to conquer it. No matter how strongly you destroy the wall, the region will be revisited. From hindsight, it was not a surprise that $50 support defended 4 intraday assaults during the mid-April crash. It took 5 assaults to conquer it when it was a resistance. I admit I was wrong with my $115 never again call. I just did not see any stronger holds than $121 which was the 1st retracement of the 50->167 move. My fundamental analysis bias is also there. I see sub-1000 bitcoin as so insanely great a buy that I have a hard time differentiating between 134 and 78, although I probably should...  That's better, you can do it when you decide to not act stupid. |
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Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician It was irresistible, goat sold to me at 3% discount to Gox!!  At the time of the deal the terms were in your favour (if we skip over the no-escrow part). Goat admitted to making a slightly unprofitable deal to see whether you could actually cough up $92k. That the market went significantly south after that is just bad luck (and unimportant in the long run). Sure, it's very unimportant to a day trader like him to make a deal that stopped him adding 30-40 or even 50% if he'd cought bottom more coins to his collection next day. 200-300 coins difference.. meh, it's nothing Fantastic, you can really read all kind of business theories here  |
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I expected it to be up to 107-108 today but I'm very surprised to see this volume higher than that. Guess that China stuff played the part, people are very keen to react on bitcoin news, both good or bad.
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Another strange day in Bitcoin business |
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Agree, you'r buying instinct is state of the art. Those 700 bought at 134 day before 40% crash is the move of the Master tactician It was irresistible, goat sold to me at 3% discount to Gox!! Goat doesn't live in the Alice's Wonderland though |
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