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341  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 27, 2013, 12:52:12 PM
...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 Smiley

Meanwhile: low volume and lowish walls:



One medium-sized buy could put us at $139 in a heartbeat.
342  Economy / Speculation / Re: ManBearPig's 25th April 2013 BTC/USD Chart inc. Recent News & Moves on: April 27, 2013, 09:43:15 AM
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. Shocked

Yes.

Yes you're right.

I started to type a real answer then realised you're just trolling Smiley

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.
343  Economy / Speculation / Re: Real crash/correction coming. on: April 27, 2013, 09:36:56 AM
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?
344  Economy / Speculation / Re: ManBearPig's 25th April 2013 BTC/USD Chart inc. Recent News & Moves on: April 27, 2013, 09:26:56 AM
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 Smiley 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-calculator



I 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.
345  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 27, 2013, 09:18:19 AM

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.
346  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 26, 2013, 07:49:26 PM
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?
347  Economy / Speculation / Re: How low we can go on this boubble ? on: April 26, 2013, 07:37:35 PM
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.
348  Economy / Economics / Re: Changing currency at mtgox on: April 26, 2013, 07:15:18 PM
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.
349  Alternate cryptocurrencies / Pools (Altcoins) / Re: Best LTC pool? on: April 26, 2013, 07:09:40 PM
Coinotron here, no complaints so far.
350  Economy / Economics / Re: We need a way to be able to short to reduce the impact of crashes! on: April 26, 2013, 02:30:49 PM
My personal opinion?

No we don't.
351  Economy / Speculation / Re: How much did you invest? on: April 26, 2013, 01:02:46 PM
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 Smiley
352  Economy / Speculation / ManBearPig's Daily BTC/USD Chart updated noon 26th April 2013 on: April 26, 2013, 12:56:30 PM


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.
353  Bitcoin / Project Development / Re: windows trading client for MtGox on: April 26, 2013, 12:43:25 PM
Of course this would be fantastic, would definitely be interested.
354  Bitcoin / Project Development / Re: Litecoin Profit Calculator on: April 26, 2013, 12:22:05 PM
Simple, light, it works on any platform thanks to running in JS.

I like it, thanks Smiley
355  Economy / Speculation / Re: How much did you invest? on: April 26, 2013, 12:18:11 PM
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 Smiley
356  Economy / Speculation / Re: the real tendline proves bitcoin is overvalued on: April 26, 2013, 12:05:29 PM
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? Wink

Edit: I updated the chart with today's noon UTC data.
357  Economy / Speculation / Re: TROLL BEAR ALL CAPS CRASH ZERO BOTTOM MARK MY WORDS LOL!11 TYPE POST #679 on: April 26, 2013, 12:02:45 PM
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 Wink
358  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 26, 2013, 12:00:36 PM
Please stop quote-quoting, edit quote posts a little eh? Smiley

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.
359  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: April 26, 2013, 11:59:05 AM


The upside has very little shape. Market is paused, screaming, "What shall I do next?!"
360  Economy / Economics / Re: First PC game using Bitcoin as the currency: Fallout 2 on: April 26, 2013, 10:31:12 AM
That's great. I love editing history it's fun.

That's Orwellian and I am shocked.
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