...we're at quite a decisive point here. Any way it goes, it probably goes quite a bit...
Absolutely, I switched over to a faster chart in time to see a dive from $137 to $134 and thought twice about disagreeing Meanwhile: low volume and lowish walls: One medium-sized buy could put us at $139 in a heartbeat.
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So going from June 2011 to now instead, we get a growth rate of 0.224672054899%, implying BTC will be worth $313.057484498 by years' end. Yes. Yes you're right. I started to type a real answer then realised you're just trolling But wherever you cherry pick your points, whether it's a real trend or just something you made up, it's hard to see a long-term downward trend.
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It's like 2011 all over again.
Well that's great thanks for that. You mean we can look ahead to 130x growth in 17 months once we reach the bottom? Yes because that's what happened between Nov 2011 and Apr 2013 WITHOUT all the positives and media coverage we just had. Count me in. Also: that thing I did in that hotel on New Years Eve 2011 - I won't be doing THAT again. If you're trolling, at least be amusing eh?
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9th Jan to 18th Mar: I concur, that is the inherent BTC increase rate.
Your blue line is correct IMO.
If the USD doesn't crash one BTC will have a value of ca 1000 USD in a couple/few years. The blue line will even give the predicted month. Spike(s) could see an ATH over 1000 USD months in advance of the BTC value actually being so.
Fine graph.
I don't get it, how do you get to "1000 USD in a couple/few years" from "blue line is correct IMO"? ManBearPig says it represents a daily growth of 1.8%. Let's be cautious and start today at 120 USD. In a year from now, we would be at 80,745 USD. Kind of unreal, huh? Welcome to the magic of compounding Google it, it really is called that for a reason! Try it yourself using this great little tool (or make a little Excel sheet): http://www.miniwebtool.com/compound-growth-calculatorI don't extrapolate that far ahead on my recent graphs because it makes me look a little crazy but the figures are all there for you to see as in the case above: $13.77 is where what I believe to be the underlying trend of 2013 began.
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Didn't you say in another thread that going sideways is bullish for bitcoin? I think bullish momentum is slowly building up, but it's weekend so not enough volume for much action to be taking place imo. What will happen if the price stays relatively stable until Monday, and people start moving part of their new monthly salary into MtGox?
I personally interpret this consolidation as bullish. The bears sold themselves out, we are learning more about the market every day while taking on new money all the time. TLDR: all good.
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I think a weekly chart lumps a lot of different movements together during a time when the whole thing changes every days or three. On the short-term, I like chopsticks and am bored so I drew some on the 3 hour chart: What will we scoop from the bowl, beef or bear steak?
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So whats your opinion guys i tkinking that will be in range 50-70$
I'm hoping your trading fingers are more accurate than your posting fingers.
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I'm currently trading in GBP on gox (i'm from UK) however I'm being charged 2.5% on every trade (on top of the 0.6% fee). Is there someway I can change my GBP to USD in my wallet, so that when I trde I'm getting better rates....
Hopwfully I can then in turn convert the USD balance back into GBP before withdrawing it again (I intend to make lots of trades in a week, but just make a withdrawal once a month).
I started with a GBP account then very soon after switched to just trading USD with no problems. Haven't needed to withdraw yet though so I can't advise on that. I don't remember being being charged 2.5% though, unless I really didn't notice, or it's new. Wait, I never funded my account with Gox, only transferred some BTC I already had if that makes any difference.
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Coinotron here, no complaints so far.
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My personal opinion?
No we don't.
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Given my trading/ investing/ gambling history I did what I shouldn't have done: I speculated with money I shouldn't have used. But it paid off. I watch for the right opportunities for months, sometimes years and I was convinced this was worth getting into though I was a little slower than I would have liked! I first bought in single digits just about! Had a small punt at $30. Then quadrupled my investment at $73. Scooped some extra coins on the way down from $266. I got my average price down to around $38 and am taking small profits here and there. Sometimes I guess you've got to break your own rules
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Recently I've noticed more people either agreeing with the relevance of that +1.8%/day trendline (the dotted blue one on my charts) or at least a similar one. For me, putting a little faith into it, it's a reason to be long-term bullish because the price is still roughly, throughout the spikes and crashes, holding to it. For others it seems to back up their bearishness: the price is ABOVE that line so I should sell. Each to their own, as ever I post this in Speculation because I do speculate a little on my charts, otherwise it's just as it happened.
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Of course this would be fantastic, would definitely be interested.
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Simple, light, it works on any platform thanks to running in JS. I like it, thanks
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I see 28 people invest all of their money in, does that crazy?
Depends on how much "all" is! You would have done well, very well or extremely bloody amazing depending on how long ago you put as little as $1,000 into Bitcoin
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Hi. I'm a bull. I also have charts: We seem to agree though the placing of your line seems almost arbitrary. Also, because of that line I'm bullish long-term but you are bearish short-term. It's the old half-full or half-empty thing again isn't it? Edit: I updated the chart with today's noon UTC data.
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No need to apologise ManBearPig, you pretty much summed up what this forum has become in the last few days/weeks. The btc-e trollbox is leaking...
I took a peek at the BTCe trollbox yesterday - perhaps it was a rare role-reversal moment but it seemed to me to be a little more restrained than this forum
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Please stop quote-quoting, edit quote posts a little eh? In other news, we were finely-balanced in BTC Bids @ $120 and Asks @ $150 a short while ago and now: obvious going UP...not I've only noticed your posts recently but it seems to me they are all well-considered, well-worded missives not at all spewed out to bump your post count. Not.
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The upside has very little shape. Market is paused, screaming, "What shall I do next?!"
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That's great. I love editing history it's fun.
That's Orwellian and I am shocked.
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