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Author Topic: Mt Gox BTC Rates 14.3 HIGH!  (Read 2508 times)
innervisi0nn
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June 03, 2011, 05:02:09 PM
 #1

I shat my pants this morning when I saw Mt Gox @ 14.3.

Nice little spike eh?

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Dobrodav
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June 03, 2011, 05:06:23 PM
 #2

Well - there is will be drop off in weekend. Do not loose opportunity.  Wink

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innervisi0nn
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June 03, 2011, 05:09:57 PM
 #3

Well - there is will be drop off in weekend. Do not loose opportunity.  Wink

I expect prices to go up on 6/6/11 as well after the drop-off.
Well see what happens!

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June 03, 2011, 08:23:24 PM
 #4

Do the prices fluctuate much as from what i read it seems to be only upwards?
Think I'm going to have to jump on board and buy some as It's taking em a while to workout the best mining method
Dude65535
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June 03, 2011, 08:35:15 PM
 #5

There have been big drops in the past and regular dips over weekends when money stops flowing into peoples trading accounts.

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June 03, 2011, 09:00:46 PM
 #6

I may be a newbie here, but not to trading. From what I can see on the Mt. Gox charts, it looks like it could consolidate around the 11 - 12 level after a small selloff and still maintain the trend. When plotted on a logarithmic chart, it really has a solid uptrend on a good angle. This is important, because typically exponential 'blowoffs' adhere to a much different pattern, which is more akin to 'bubbles' and 'manias'. I consider bitcoin neither, and will continue to buy outright.

fortitudinem multis - catenum regit omnia
innervisi0nn
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June 03, 2011, 09:19:28 PM
 #7

I may be a newbie here, but not to trading. From what I can see on the Mt. Gox charts, it looks like it could consolidate around the 11 - 12 level after a small selloff and still maintain the trend. When plotted on a logarithmic chart, it really has a solid uptrend on a good angle. This is important, because typically exponential 'blowoffs' adhere to a much different pattern, which is more akin to 'bubbles' and 'manias'. I consider bitcoin neither, and will continue to buy outright.


Well said.

chris200x9
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June 04, 2011, 04:19:55 PM
 #8

over $17 now!

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June 04, 2011, 09:53:56 PM
 #9

yeah this is ridicules, but I'm not complaining.

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June 04, 2011, 10:17:08 PM
 #10

Might as well update my chartology-outlook-eyeballin' forecast.

With the recent rise to nearly 18, the only historical reference I have is the breakout from the 4 are to 8 from mid-may. If we apply this to the breakout from 10, you *could* say that the eventual high may be 20, before consolidating around the 15 area. Guess we'll see. Certainly makes for an exciting weekend Smiley

fortitudinem multis - catenum regit omnia
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