Do you think the rally is over now... or very soon?

[Piper67]

Just need someone to buy up those last 8000 BTC:

their will be 8000 more at 31

haven't you noticed this whole rally has been buy out one more wall and its going to explode UP, one more wall , one more wall , one more wall ,one more wall.

Hey Adam, we went from 12 to almost 30... it's already exploded up! Don't fight it, man, you'll just get hurt.  

[molecular]

Just need someone to buy up those last 8000 BTC:

their will be 8000 more at 31

haven't you noticed this whole rally has been buy out one more wall and its going to explode UP, one more wall , one more wall , one more wall ,one more wall.

Thing is: I don't want it to explode. And it's not exploding.... a good thing.

[adamstgBit]

Just need someone to buy up those last 8000 BTC:

their will be 8000 more at 31

haven't you noticed this whole rally has been buy out one more wall and its going to explode UP, one more wall , one more wall , one more wall ,one more wall.

Hey Adam, we went from 12 to almost 30... it's already exploded up! Don't fight it, man, you'll just get hurt.  

ya every wall bought was reward with 1$ UP

this wall is the same, but don't go pretending that their are no more bitcoins to be bought the higher we go...quite the opposite...

[Piper67]

Just need someone to buy up those last 8000 BTC:

their will be 8000 more at 31

haven't you noticed this whole rally has been buy out one more wall and its going to explode UP, one more wall , one more wall , one more wall ,one more wall.

Hey Adam, we went from 12 to almost 30... it's already exploded up! Don't fight it, man, you'll just get hurt.  

ya every wall bought was reward with 1$ UP

this wall is the same, but don't go pretending that their are no more bitcoins to be bought the higher we go...quite the opposite...

Either the wall will get eaten or it will move... of course there are more bitcoins to be bought... but there's also more money to buy them 

[arepo]

So what's the point of even creating a thread like this?
I mean, the way I see it, there are two outcomes.

a) You're right, and no one really cares much, but I guess you can claim some sort of fame for calling the hand in advance.
b) You're wrong and you end up looking like a troll/bear/ass (add any negative adjective)

So, I see the rewards not being as great and I see the potential of being made fun of....

IMHO

Or bluffing. Basically: "if we make some noise about price bubbles, it will counteract other people's exuberance*. This will make the average sentiment seem more balanced, which may confuse some people and make them feel more confident about buying more bitcoins at a high price when they might have otherwise been more cautious."


Examples of Bitcoin exuberance/fanboi-ism:

• BTC is finally catching up to fair value because Wordpress, Reddit, and Mega!
• I believe that the mining reward halving magically puts pressure on the exchange rate until it doubles!
• The next 10 corporate adoption announcements should be priced in before they happen!

+1,000,000

it seems that every post these days is someone talking their wallet, or a carefully crafted sentiment flag. maybe traders are starting to get anxious....?

[Bit_Happy]

... or very soon.

Watching "Panic buying" is exciting.
Remember markets go both ways.

[mccorvic]

Being a bear right now must be a very confusing, and depressing experience. 

In before "Ah ha! Bitcoin dropped to $50! I knew it all along!"

[molecular]

Being a bear right now must be a very confusing, and depressing experience. 

In before "Ah ha! Bitcoin dropped to $50! I knew it all along!"

lol, eactly

[Bit_Happy]

It's a really battle, but the super-low volume on the latest "rally" is not very impressive.
Long-term = Bullish
Medium-term = Very low 20's.

[BitCoinsLOL]

Every post from OP is The Sky Is Falling. BitHappy why you so unhappy.  more

[Piper67]

It's a really battle, but the super-low volume on the latest "rally" is not very impressive.
Long-term = Bullish
Medium-term = Very low 20's.

Naturally the rally has slowed down. It can't keep going up .50 cents a day like before, however there is no indication of a sell-off, much less to low 20's... if anything, we'll see a slower uptrend all the way to 40 within the next two-three months with the usual drops to profit taking and re-buying..

It's also coming up to the end of the month.

[bitcoinBull]

Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...

Any second, its gonna break the all-time high?? 

It's also coming up to the end of the month.

1st of the month? 

[Richy_T]

Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...

Any second, its gonna break the all-time high?? 

No-no. It's going to crash so hard, it'll take out an orphanage and leave a crater. Honest.

[bitcoinBull]

Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...

Any second, its gonna break the all-time high?? 

No-no. It's going to crash so hard, it'll take out an orphanage and leave a crater. Honest.

Still waiting... 

[zkay]

Any second, any second... Wait for it... any second... here we... any... any... just about nnnnn.... any second... keep watching... keep watching... Here we ggggg.... any moment, right about right nnnn... it's right on the edge... here it cccc... don't look away... one little... just one... any second... It... is... going... to... happen... five... four... three... two... one and a half... one and a quarter... one and three sixteenths... here it... here it... nearly...

Any second, its gonna break the all-time high?? 

No-no. It's going to crash so hard, it'll take out an orphanage and leave a crater. Honest.

Still waiting... 

[whitenight639]

why has nobody mentioned the recent forbes articles on bitcoin? Seems to me they along with reddit and wordpress have stirred the interest.

Are you ready for my predictions -  **Pulls out Crystal ball whilst cheap disco fog rolls in..**

The current rally will level off to a more natural upwards incline as those that were interested by the recent press get bored and confused about how to buy and keep / spend bitcoin, the hardcore geeky few or the ones wealthy enough to pay some trader to invest in it for them will continue to buy and trade bitcoin,

The problem with bitcoin is its small market capitalisation, its small user-base, and lack of suppliers selling real world items & consumables in exchange for bitcoin.

When more brokerages and big exchanges manifest, along with personal, portable hardware wallets and payment systems bitcoin will take off like a rocket- as the ipod type people see these hardware devices amongst there friends, big time traders and drug dealers see the opportunity to cash in and out with the exchanges.

[Bit_Happy]

...
That is the point when it's smart to become skeptical.

Have you 'thanked' a skeptic today?
A market with some signs of balance is much healthier than a situation with clearly excessive exuberance (i.e. Early June 2011)

[notme]

why has nobody mentioned the recent forbes articles on bitcoin? Seems to me they along with reddit and wordpress have stirred the interest.

Are you ready for my predictions -  **Pulls out Crystal ball whilst cheap disco fog rolls in..**

The current rally will level off to a more natural upwards incline as those that were interested by the recent press get bored and confused about how to buy and keep / spend bitcoin, the hardcore geeky few or the ones wealthy enough to pay some trader to invest in it for them will continue to buy and trade bitcoin,

The problem with bitcoin is its small market capitalisation, its small user-base, and lack of suppliers selling real world items & consumables in exchange for bitcoin.

When more brokerages and big exchanges manifest, along with personal, portable hardware wallets and payment systems bitcoin will take off like a rocket- as the ipod type people see these hardware devices amongst there friends, big time traders and drug dealers see the opportunity to cash in and out with the exchanges.

Mantonis has done like 10+ Forbes articles on bitcoin.  No new eyes there.

[Richy_T]

Mantonis has done like 10+ Forbes articles on bitcoin.  No new eyes there.

And he's clearly a cheerleader. Which is not a bad thing per-se but it should immediately trigger "I am reading a biased article" flags in anyone with a bit of common sense. Definitely not as beneficial as an article which would show a somewhat balanced approach maybe tinged with a little skepticism.

[Odalv]

It's coming.. the crash is coming... oh wait..

+1 sure ... (are you ridding the market ?)