This poll needs a third option, slow movement. If volume is low, price can't go up or down much.
And you should extend the question to 48h, just in case volume stays low (72h if volume will be very low).
After that, IMO 190$ or lower, although we might see a small bump to 205$ before the drop.
Tell that to everyone trading on BTCChina. Super-thin market depth and super-high volatility. yeah, these guys are having fun trading back and forth at 0%. As long as they remain confident price will go up, all is good  Ah, well, that's exactly my problem. We're pretty far-removed from whatever is going on among Chinese speculators, and I have no idea when/if confidence starts thinning out. |
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The first person to market dump 5000 BTC is the winner
getting trickier since the exchange volume is much more distributed now Gox and Bitstamp still follow one another, and BTC-E still follows them. I think it's possible that we may see a decoupling from the Chinese exchanges, based on future price action. No doubt that western traders are unwilling to follow the Chinese exchanges at the rate at which they have risen recently. |
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Extremely bullish! According to this metric, the public in the west has no part in this rally, and can therefore only become a part of it (fueling the rally) or skipping it (rally continues however China sees fit). The public does not have bitcoins to sell, they are in very tight hands already. Would you care to make a guess on what the price will be before 2014? You're asking rpietila? You know he's gonna say like $10 billion per coin, right? Or perhaps just $300 per mBTC...  |
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Litecoin started dying when people switched from mining btc. That created too much supply. This was pretty much foreseeable.
This is a good point. It seems sensible to think that the entire GPU-mining economy switching from BTC to LTC would skew the market. I mean, who's gonna buy all those coins? You can't do anything with litecoin except speculate -- and with a seemingly never-ending supply of coins from all the GPU miners (and a much higher inflation rate than BTC to begin with), why would you buy in? |
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Everything is up in the air. No one has any idea what the Chinese speculators have in store for us, or where the top to this rally might be. Big difference between $200 ~ top and $1000 ~ top. Thus, hard to say what this means for altcoins. Definitely not putting any money into alts, myself, though.
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I bought some coins this morning. Tried to withdraw. Nothing. The "withdrawal" tab just reloads the page. Have sent three messages to support without even an acknowledgement.
Is ANYONE running a professional exchange these days?
I saw a few mentions of this in the troll box earlier today. It seemed like it was cleared up -- users who had problems were reporting that the withdrawals came through. Are you still having problems? |
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i'll try it if they can get some orders on the books
I think that's the catch 22 here. Everybody is waiting till they get more orders, but they won't get orders if everyone's waiting. They'd have more luck getting funds on the exchange if they offered a small return on deposits a la mcxNow. Are they promoting the site in any way? This market does have some level of saturation... can't just expect people to flock to a new site for no other reason than because it is new. |
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I'm turning bearish. Still all in on bitcoin right now..... but $300 seems like a long shot now (though, much less so than those saying be will be > $1000 in the next couple weeks).
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Do you realize that it is only 18k BTC till $150? One whale selling and we are there.  All we need is a catalyst. This rally has run up so fast on so little support. But it's exuberance all around! $1000 by tomorrow! 13,000 CNY by next week!  |
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This poll needs a third option, slow movement. If volume is low, price can't go up or down much.
And you should extend the question to 48h, just in case volume stays low (72h if volume will be very low).
After that, IMO 190$ or lower, although we might see a small bump to 205$ before the drop.
Tell that to everyone trading on BTCChina. Super-thin market depth and super-high volatility. |
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I bought thinking they would keep going up but woops!
This is why I am bothered by the "it's always a good time to buy bitcoin" attitude around here. It takes a long term perspective that new investors simply don't have, by and large. |
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It is a bubble but its being led by the chinese and its only just beginning.
I'd like to think so. I'm still all in. But what makes you say "it's only just beginning"? Chinese market is much harder to read. Well, it would be odd if this bubble was smaller than the last seeing as there are far more people involved in bitcoin this time and its closer to 'going mainstream' than before, it just seems obvious that the next bubble, if thats what this is, will be much bigger than the last, and seeing as we are still $60 or so below the last ATH I'd say its just beginning. And I'd say its a bubble because of the parabolic rise, and due to the rise being triggered by news (small Baidu division) that will barely effect the 'underlying bitcoin economy' at all. Also now that gox has been upgraded and shouldn't crash and we have a stronger set of btc/fiat exchanges, and good news on the way such as buttercoin, I'd say we are just getting started. Expecting $300 by the end of next week, after that, who knows, but I'm watching BTCchina. I expect they will take us up to 2000cny which is $320, that could be top or maybe they'll take it way higher? Who knows. "far more people" -- Numbers? We are six months later, only. How is it closer to going mainstream? How much closer? Why is it obvious that this bubble will be "much bigger than the last"? I'm not convinced that a) the April run-up is an entirely separate event from this run-up, and b) that this rally necessarily must be n times the all-time high. Especially the latter point. |
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Guys, buy a positively correlated coin which goes up everytime Bitcoin goes up or at least retains all its value against Bitcoin.
This does not exist. There are short time periods when there may be a positive relationship -- but correlation? Most certainly not. |
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It is a bubble but its being led by the chinese and its only just beginning.
I'd like to think so. I'm still all in. But what makes you say "it's only just beginning"? Chinese market is much harder to read. |
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Where do you guys think we will top out? I see double tops on Gox and Stamp, and BTCChina is simply ridiculous, so I'm worried we may have already peaked. Any thoughts?
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So, just out of curiosity, what's with the name? Nasty Pool? LOL, bitcoin mining pool wasn't my first thought when I saw that.
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Hi all,
can somebody tell me what can I do to be able to post at least to some non-newbie sections?
Others have stated the actual rule. Basically once you've made your first post (done), wait 4 hours, and voila! There you go.... didn't realize you were already a junior member. That was easy. |
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This rally being China-driven is very frustrating considering how volatile movement has been on Chinese exchanges... such thin market depth is really hard to read. I am worried about the virtually non-existent bid support.
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Hehe, yeah I wouldn't exactly call this "creeping up", especially looking at BTCChina, for instance. Straight up parabolic. I wouldn't hold my breath for sub-£30 coins, but it's possible.
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OP aside, when is it speculated that quantum computers exist that can break SHA-256 encryption? Or is this still sci-fi territory?
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