i've got a feeling

[kentrolla]

someone is going to place a 20k btc bid @ $10.70

just a hunch

[1713992066]

1713992066

[1713992066]

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[1713992066]

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[Hecate]

Chocolate rain, some stay dry and others feel the pain.

No seriously, didnt you say it goes up to 12$ in another thread like yesterday? Why suddenly only 10.7$ now? https://bitcointalk.org/index.php?topic=102574.msg1124275#msg1124275

[kentrolla]

Chocolate rain, some stay dry and others feel the pain.

No seriously, didnt you say it goes up to 12$ in another thread like yesterday? Why suddenly only 10.7$ now? https://bitcointalk.org/index.php?topic=102574.msg1124275#msg1124275

the $12 deadline is the end of august 27th.


This buy is going to happen tonight.
This is just a guess.


the other thread i'm sure about.

[fcmatt]

we have seen this all before. it is too early to be bullish yet. paying above 10 right now is risky compared
to holding tight for a couple of weeks and possibly getting in at 6, 7, or 8.

after every big tumble there is a quick and brief bounce. then another drop as traders take their
profits.

if you are going to buy at least target under 10...

[Technomage]

fcmatt is, in my humble opinion, wrong. The pressure to go up is tremendous. We've just had the biggest press by far since the big hype of 2011 and some of the latest developments have potential to become bigger than silk road. Block reward halving is also getting closer. I have topped the level of my bullishness previously many times but I have to say that lately I've reached a new top.

Any visit to below $10 will be at most very temporary at this point.

[fcmatt]

fcmatt is, in my humble opinion, wrong. The pressure to go up is tremendous. We've just had the biggest press by far since the big hype of the summer and some of the latest developments have potential become bigger than silk road. I have topped the level of my bullishness previously many times but I have to say that lately I've reached a new top. Considering total all in isn't actually that far fetched for me personally.

Any visit to below $10 will be at most very temporary at this point.

What was the big press? You dont mean that credit card talk, do you?

Big press to me lately is pirate and the so far theft of 100-500k btc.  that cannot be bullish in my mind.

[Technomage]

What was the big press? You dont mean that credit card talk, do you?

For the love of god, it's not a credit card. It's a prepaid debit card. Big difference. And yes, I do mean that. With the fees BitInstant is promising to deliver that card, it's going to be a complete game changer for a lot of things.

That's not the whole point though, the general tone of the press is very positive and there have been a lot of quality articles in a wide variety of sites.

Big press to me lately is pirate and the so far theft of 100-500k btc.  that cannot be bullish in my mind.

I could care less about Pirate. I could care less about the money. No sane person has invested in that fund. The money, whatever happens to it, will most likely be used in a relatively rational manner. Dumping it all on the market makes absolutely no sense. If it's payed back, it makes no sense for the rightful owners of that money to dump it either because of the fundamental bullishness of Bitcoin right now.

So in conclusion, I'm not worried about the Pirate situation. In some ways I hope it goes the worst possible way because that would be a good lesson for the gamblers in this community. If the money was payed back it would make future ponzi schemes much easier to execute, by Pirate or others.

[SkRRJyTC]

No way Technomage, everyone should panic sell because of the pirate situation.

Please sell.

[bitarrow]

big press would be mainstream media,  not slashdot or other online news blogs!

[SkRRJyTC]

big press would be mainstream media,  not slashdot or other online news blogs!

http://money.cnn.com/2012/08/22/technology/startups/bitcoin-debit-card/index.html

[Piper67]

fcmatt is, in my humble opinion, wrong. The pressure to go up is tremendous. We've just had the biggest press by far since the big hype of the summer and some of the latest developments have potential become bigger than silk road. I have topped the level of my bullishness previously many times but I have to say that lately I've reached a new top. Considering total all in isn't actually that far fetched for me personally.

Any visit to below $10 will be at most very temporary at this point.

What was the big press? You dont mean that credit card talk, do you?

Big press to me lately is pirate and the so far theft of 100-500k btc.  that cannot be bullish in my mind.

One made it onto CNN Money, the other didn't. Guess which one is big?

[bitarrow]

big press would be mainstream media,  not slashdot or other online news blogs!

http://money.cnn.com/2012/08/22/technology/startups/bitcoin-debit-card/index.html

I say not online news blogs and you show me news blog?  lol
Show me the footage on CNN channel then I will get excited. 

[Technomage]

I say not online news blogs and you show me news blog?  lol
Show me the footage on CNN channel then I will get excited.  

It is big press. It's a new peak on Google Insights since the summer of 2011. That CNN article was in the "most popular" list for 12 hours that day.

Here is a list of the articles: http://blog.bitinstant.com/blog/2012/8/23/the-press-and-the-paycard.html

My site, which is a Finnish Bitcoin portal, got a record amount of visits thanks to our article on this. That is actually quite significant, because we were featured lately on a very mainstream TV show with over 500 000 viewers, in the biggest channel in Finland. Even that didn't attract as many visits as the news on the Debit card, which went totally viral in Facebook etc.

Our visitor count per day has been over one thousand lately on many days and the site is solely for Finnish people. The numbers that BitInstant has been getting have to be insane.

[Piper67]

big press would be mainstream media,  not slashdot or other online news blogs!

http://money.cnn.com/2012/08/22/technology/startups/bitcoin-debit-card/index.html

I say not online news blogs and you show me news blog?  lol
Show me the footage on CNN channel then I will get excited. 

The thing is, you see, it don't care what you say. One made it on there, the other didn't, ergo one is bigger press relative to the other. You can adjust the goalposts to fit any theory you may have, but that wasn't the argument being posited,

[kentrolla]

well, its looking like its too late to make the move that i had predicted.  The reason i predicted that move is because, knowing what i know, that's exactly what i would do if i had $220k.  I would want to make sure I made the move before someone else did because I think it was the last chance for a big investor to get 20k btc for <$220k.  

[Serge]

it's not to late to make a move, rally is about to start, those +$10.6 walls are going down, one way or another

[kentrolla]

it's not to late to make a move, rally is about to start, those +$10.6 walls are going down, one way or another

yea, i agree those walls are going down no matter what. but, my prediction was that some big player would buy it up to $10.7 in one move. getting him 20k btc for ~$210k.  I still think there will be a big move to $10.7, but not as big as I had predicted.

[squall1066]

I just thought you was going to say "OOOhhhh HHHoooo, That tonight's gonna be a good good night"

[mobodick]

I say not online news blogs and you show me news blog?  lol
Show me the footage on CNN channel then I will get excited.  

It is big press. It's a new peak on Google Insights since the summer of 2011. That CNN article was in the "most popular" list for 12 hours that day.

Here is a list of the articles: http://blog.bitinstant.com/blog/2012/8/23/the-press-and-the-paycard.html

My site, which is a Finnish Bitcoin portal, got a record amount of visits thanks to our article on this. That is actually quite significant, because we were featured lately on a very mainstream TV show with over 500 000 viewers, in the biggest channel in Finland. Even that didn't attract as many visits as the news on the Debit card, which went totally viral in Facebook etc.

Our visitor count per day has been over one thousand lately on many days and the site is solely for Finnish people. The numbers that BitInstant has been getting have to be insane.

I think any sane person would look at the bitcoin volatility and think "maybe another time".
I think most of the reaction to news comes from the community itself becoming bullis when 'their' bitcoin gets exposure.
Notice how little the price reacts to this news compared to the movement 2 weeks ago.
I would say that the effect of the news coverage is still insignificant compared to the genral mood of current coin owners.

[Coreadrin_47]

Isn't the bitinstant thing going to actually be a net neutral at best?  As far as I can see it's just going to create more demand for BTC holders to use them, which means it will actually increase the sell-side of the equation as BTC are converted back to national currencies.

What we need is more actual goods and services brought into the bitcoin fold - this is what makes a currency increase in value over the long term;  the faster growth of the underlying product base than the supply of money.  I think it's great, this whole debit card thing, don't get me wrong. That being said, the bitcoin economy itself needs more of an actual economy of goods and services.