lol! $300!
hehe Yes it might be $300  Can't tell one hundred from another on that log scale !  |
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Well there was no resistance at $200, so what you extrapolated from the graph was effectively useless. Why repeat the exercise?
I never said it would be exactly at $200. The chart might be quite hard to make out I admit, but we havn't reached the resistance level I've attempted to draw in, never mind broken through it yet. |
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edit: have removed $200 from the title, was too misleading. I wasn't saying resistance at $200 I was referring to the fact we broke through $200From my blog  I noticed quite a while ago what looked like a resistance level somewhere near $200 ish.. Here it is again on the ‘all data’ log chart. Very hard to judge on these log scales what prices are but as you can see the green increasing price is at this very moment approaching the same trend line which produced resistance twice during the 2011 mania ...
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This is the best thread I've read in a while
Have a confession to make though, I don't know what FUD actually means. lol
I described that Guardian article in my blog as 'probably the worst piece of journalism I've ever read'
Haven't read all the ones in the update though.#
I LOVE that Ghandi quote, so true!
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Conspiracy theories often start off that way until they become accepted as truth.
This is a very thought provoking theory. Thanks for sharing, might repost those articles on my blog if you don't mind
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Thats really interesting. Wonder if theres a way to include foreign language searches for the same thing so its not just english speaking countries |
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 This channel which has held since about $50 has been breached to the upside. Hard to imagine that this current push even higher upwards can be sustained without a pullback soon. (edit) Since I did the chart the price has pulled back and stabalised a little. Will the top of the channel now be resistance? Perhaps we’ll fall back into the channel? Might be a time to lock in a few profits if you feel like selling some bitcoins. |
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There are practically no BTC offers above $110.
Now if this was fiat FED funny money, the FED would increase the amount of funny money to create "stability" (and give it to bankers and polititins in the process). And if this was gold the FED would "lend" it out in mass quantities (effectively creating fractional gold out of thin air)
But since the supply of BTC is FIXED, I guess we will finally get to see what happens when an item is in high demand, but supply is forced to behave by well defined rules....
Well said. I think the result is that the price goes to the moon!!! |
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Just discovered this thread, good read. I'll add to that chorus of if they increase the 21 million limit, i'll be out.
Was curious where you got the $120 figure from ?
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In the short term I'm thinking bitcoins will probably keep going up,might be hard to continue sitting on the sidelines if you are missing some big moves up in price. However I'm thinking the price will fall down hard at some point. Only time will tell if you were right to sell now or not. I'm holding mine for now.
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Price already seems to bounce back strongly as it is
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Heres my latest chart to prove it  |
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I'd say I'm definately Mr Chart Guy  Although a bit of a Mr Medium Term thrown in too |
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I think this parabolic rise is a bubble which will keep going up a lot higher yet, but in the end yes will burst. That won't be the end of bicoins though, just like the last bubble, they will consolidate and start rising again.
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What I recommend is what I'm doing myself which is holding onto the bitcoins.. for now. In fact if I could persuade my wife to let me, I'd probably buy more.
This is only my opinion of course but I think the price will keep going up and up, but then yes at some point, probably not that far away, there will be a crash. Its a bit like playing chicken with an oncoming vehicle.
The price is on a parabolic scale just now, getting steeper and steeper, it could double or quadruple in less than a month! Or it could crash. Do you jump off now and miss out on some of the biggest upward moves, or hold on and risk ending up holding bitcoins which have crashed in value to less money than you paid.
At the moment I'm holding on like I said, to try and get some of the biggest moves. If I mistime it and they crash, I'm not worried, I'll hoard what I have and probably add to my stack while they are cheap. In time they will rise again.
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It's not a coincidence, really. Had Bitcoin been oversold when the Gox DDoS happened, it would have fallen way less. Conversely, when it breaks out above exponential, any minor issue becomes an excuse for a knife-down. If it weren't Gox it would've just been some other minor thing.
Basically riding high (on or above the channel) is cruising for a bruising, and riding low is coiling the spring to be set off by any old good-news excuse.
Think you're right a coiled or stretched spring is a good analogy, the pressure is there to move up or down, all thats needed is the spark to provoke it. Love your username btw! hehe |
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Haven't drawn up my latest trend lines so was a bit of a guess, but said YES we will
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Like  |
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Thanks for the nice call comments |
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