Bitcoin Forum
December 05, 2016, 08:51:15 AM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
Author Topic: Bitcoin in RALLY mode  (Read 21040 times)
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 07, 2010, 07:56:57 AM
 #1

Bitcoins are back in Rally mode!

This is evident in many areas

* BTC / USD exchange rate is rallying (mtgox.com)
* Number of businesses accepting BTC are rising
* Number of forum activities are increasing

All people in the "bitcoin team" did a great job.


Lets continue!

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
1480927875
Hero Member
*
Offline Offline

Posts: 1480927875

View Profile Personal Message (Offline)

Ignore
1480927875
Reply with quote  #2

1480927875
Report to moderator
1480927875
Hero Member
*
Offline Offline

Posts: 1480927875

View Profile Personal Message (Offline)

Ignore
1480927875
Reply with quote  #2

1480927875
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480927875
Hero Member
*
Offline Offline

Posts: 1480927875

View Profile Personal Message (Offline)

Ignore
1480927875
Reply with quote  #2

1480927875
Report to moderator
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 07, 2010, 03:29:57 PM
 #2

MtGox broke volume exchange record yesterday with 36672.7 bitcoins. That's a lot!

S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 07, 2010, 09:37:38 PM
 #3

Right, and the chart prediction for a breakout to the upside proved right, supported by the high volume.

Next big target is the all time high around 0.08

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 07, 2010, 09:47:53 PM
 #4

The possibility of a volume record breaking is high now with 42669 bitcoins.

TTBit
Legendary
*
Offline Offline

Activity: 1136


View Profile
October 07, 2010, 10:06:35 PM
 #5

Should be pointed out that there are only 16,579.29 coins offered at this moment at MtGox, totaling $1,172.89, versus 63,881.94 coins bid totaling $3,845.73

The coins just are not there, IMO now would be the time to pick up a few.

good judgment comes from experience, and experience comes from bad judgment
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 07, 2010, 10:09:31 PM
 #6

100% agree

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
srb123
Jr. Member
*
Offline Offline

Activity: 59


View Profile
October 07, 2010, 10:30:51 PM
 #7

Looks like bitcoinmarket is well ahead of mtgox.com, but volumes are low....real low.
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 07, 2010, 10:32:18 PM
 #8

you're right.

Mtgox has become the market leader and on all other exchanges volumes are ridiculously low.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
srb123
Jr. Member
*
Offline Offline

Activity: 59


View Profile
October 07, 2010, 10:35:18 PM
 #9

makes me sad, i used to enjoy bitcoinmarket, i feel nostalgic when I go to visit (like MySpace), even though I only stopped visiting there 6 weeks ago. lol.
srb123
Jr. Member
*
Offline Offline

Activity: 59


View Profile
October 08, 2010, 02:16:09 AM
 #10

Just jumped over .08, So does anyone have thoughts on what is happening here?

kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 08, 2010, 02:29:52 AM
 #11

Just jumped over .08, So does anyone have thoughts on what is happening here?



30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

mtgox
Full Member
***
Offline Offline

Activity: 185


View Profile WWW
October 08, 2010, 02:34:36 AM
 #12

> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

No it doesn't. they can trade immediately. they just can't withdraw.

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
October 08, 2010, 02:40:22 AM
 #13

I'm going to offer some over 10 cents. Maybe zoom out a bit now, or make it an option or something.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 08, 2010, 02:43:51 AM
 #14

> 30 days waiting period for paypal dollars deposit meant that influx of new buyers at mtgox ain't possible.

No it doesn't. they can trade immediately. they just can't withdraw.

Sorry for my misunderstanding.

theymos
Administrator
Legendary
*
Offline Offline

Activity: 2492


View Profile
October 08, 2010, 02:49:44 AM
 #15

I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.

Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.

1NXYoJ5xU91Jp83XfVMHwwTUyZFK64BoAD
kiba
Legendary
*
Offline Offline

Activity: 980


View Profile
October 08, 2010, 02:54:54 AM
 #16

I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.

It been at 0.06 for a really long time for like 2-3 weeks? In any case, the market seem to practically ignore the fact of monetary inflation.

FreeMoney
Legendary
*
Offline Offline

Activity: 1246


Strength in numbers


View Profile WWW
October 08, 2010, 03:25:52 AM
 #17

I don't see how this can last. 100,000 BTC in bids+asks on MtGox, but 7,200 BTC are created every day. The market just can't absorb it.

Of course, I've been bearish about the market since I was selling (below the normal market rate) at 0.003.

Those 100k are what are left after doing all of the daily absorbing of whatever generated coins make it to market, people save and spend too. I have some coins, but not enough, I'd welcome a crash. I'm mostly worried about not having enough in 5 years when bitcoin is "accepted everywhere" and 14 year olds don't know what a Visa card used to be.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Timo Y
Legendary
*
Offline Offline

Activity: 938


bitcoin - the aerogel of money


View Profile
October 08, 2010, 08:41:10 AM
 #18

Today is a historic day for me. For the first time in my life I have made a profit trading a currency - a whopping 30 dollar cents.  Cheesy

Now I am going to reveal my secret trading strategy, ingenious in its simplicity:

1) Buy Bitcoins whenenver you can afford to lose the USD (or EUR in my case).
2) Never sell Bitcoins for less than you bought them. Ever.

GPG ID: FA868D77   bitcoin-otc:forever-d
S3052
Legendary
*
Offline Offline

Activity: 1946


BTC Up or Down? go to www.bullbearanalytics.com


View Profile WWW
October 08, 2010, 09:10:06 AM
 #19

you may have to wait very long for  a crash to come, and the level from where the next decline starts may be way higher than you think.

The technical pattern of the breakout is very strong, accompanied with huge volume.

Perhaps we see some consolidation at "1/10parity" = 0.1 USD, before BTC break this level.

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

http://twitter.com/BitcoinAnalyst

Subscribe here
ribuck
Donator
Legendary
*
Offline Offline

Activity: 826


View Profile
October 08, 2010, 09:50:05 AM
 #20

I think the price movement is solely due to the Bitcoin article which is still on the front page of www.fsdaily.com

This created a small extra demand at MtGox, plus a bigger extra demand from existing Bitcoin users who speculated by buying some extra coins before the fsdaily users arrived.
Pages: [1] 2 3 4 5 6 7 8 9 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!