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Looks like Mr. M just kicked this thing into life again
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I am so bored. There is almost no activity on any of the exchanges lol
It's strangely quiet, I don't think I've ever seen Bitcoin Monitor so empty of red dots. Calm before the storm? |
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Just bought at $10.26, Up up up!
ummm.....  |
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Bulls are charging  That wall at 10.50 didn't stand a chance |
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An attempt to cancel out all the pirate noise & just assume that there has been a general increase of interest in bitcoin since June & that it will continue along those lines
pic
Why would general interest growth be a linear process? No reason that it has to be, but any move over the blue line would show increasing interest & a move bellow the red line a fall off in interest or profit taking, with a price around the yellow line showing a similar linear growth that's being going on for nearly 4 months now if the pirate noise is ignored. This is probably a very naive way of looking at the trend but maybe the sort of reasoning some others may follow instinctively especially if they're not in to serious TA, I'm interested in how we continue to travel within that approx 1 btc rising band & if it is really a general trend or will it break down (or up) soon, just my personal analysis (or one of them) of what may be going on atm. I'll update it in about a months time if we're still within the band. Edit to add: For contrast here's an example of bitcoin exponential growth when ignoring the bubbles, particularly in mid 2011. (taken from http://ieet.org/index.php/IEET/more/koch20120927) pic Still looks way too arbitrary to me. If there is no reason for the growth to be linear then why is it? I don't think that this growth of the past few months is a sign of growth in interest as i can't imagine why this would be a straight line over such an extended period. I would say that you're not naive enough in your interpretation. IMO you should let go of the idea that the movement in price is created by 'normal' bitcoin economy interactions. A few weeks ago i found something about bitcoin that has since puzzled me. Look at this graph (i think it is a much better example of bitcoin exponential growth):  At first i simply connected the bottoms of the triangles with straight lines, but then saw that it looks like an exponential curve so i created an exponential graph in another tool and after some experimentation got an exponent that fits the bitcoin bottom and combined it with the bitcoin price chart. So now i have this idea of a synthetic bottom to bitcoin with waves of 'something' (could be interpreted as the actual bitcoin market interactions) riding on top of it. I mean, with all the dynamics in bitcoinland, how the hell would the community maintain such a precise curve for the bottom of price? It seems to me there is something built into bitcoin that makes the network itself have this effect. Anyone has a better explanation? I wonder where the bottom of this current sell off will land on your graph? It's starting to look like it might just touch it, but will it cross it and continue falling? |
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As long as it doesnt drop further....
I don't see much to stop it falling until 10.31 |
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Looks like we're in freefall....
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The plunge, with less than 10k volume? Wow!
So I bought back in at 11.85$. What shall I do? Selling now with a loss? Hoping it will go down to get back to zero again? Or just sit it out?
Ente
#badspeculator
I had bids at 11.50 and 11.39 luckily. I think it'd be risky to sell right now but having said that it could go either way from here |
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I sense a 500,000 Bitcoin sell. The long winter is going to catch somebody's attention.
5 dollars and below is where we are going.
Why do you think this? 500,000?? |
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There has certainly been a slight downtrend since early in the month but it looks like it might have levelled off a bit. The next couple of weeks will be telling, I think.
"Couple of weeks"? I can't believe there will be that long stable periods in the near future.. This is Bitcoin, after all! :-) The only time I remember any stability (pricewise) at all was when bitcoinica and then later maybe pirate stabilized the price.. *waiting for the weekend* Ente I didn't mean a couple of weeks of level price, oh god no! This is Bitcoin after all By "telling" I meant whether we see a couple more weeks of this downtrend, or whether it hooks back up into its previous uptrend |
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There has certainly been a slight downtrend since early in the month but it looks like it might have levelled off a bit. The next couple of weeks will be telling, I think.  |
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Okay this is insanity.
No I think this is clever. Sell down to $11.50/11.60 then wait for the price to recover to $11.99ish before selling another bunch. More $ for those BTC's surely can't be a bad thing and in these quantities it's got to add up Which brings me to my previous point: I'm wondering how many of these beatings the bulls will be able to take before they give up all hope lol
Yeah, true. I know I'm not buying, yet |
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Okay this is insanity.
No I think this is clever. Sell down to $11.50/11.60 then wait for the price to recover to $11.99ish before selling another bunch. More $ for those BTC's surely can't be a bad thing and in these quantities it's got to add up |
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Oh come on, don't tell me you can't cough up $3 for his awesome site? We complained the price was too high, now that he lowered it we should buy again, I already did.
I was joking... |
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Checked on my other computer, btccharts is still up on it. I'm not rebooting this one for months  Just what I was thinking! he says while disabling automatic updates..... |
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btccharts just took down their site unless you pay, horrible timing
It's still working for me and I don't have an account. But now I'm afraid to close the tab  |
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Hmmmm guess we're going sideways for a while....  |
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True, but I like slow and steady. These huge rises and falls stress me out  |
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Going up Edit: he says with fingers crossed  |
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