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Author Topic: $30 is the new $5  (Read 2763 times)
Gatekeeper
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February 22, 2013, 03:24:20 PM
 #21

$31 has arrived  Grin

(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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Herodes
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February 22, 2013, 04:19:16 PM
 #22

Here's my prediction - $30 (+/- 10%) would be the new consolidation level for a month or so. Then, once everybody is comfortable and all bears burned through their remaining fat, we continue upwards.

You mean on monday ?
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February 22, 2013, 08:24:42 PM
 #23

No, I really think we're not going much above 30 now. *maybe* spike to 33, then back to 27-30.

This rocket is now refueling on a previous orbit, before shooting straight to the moon.

I guess that makes a half-assed bear; not willing to sell, but not believing in triple digits in March either.

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February 22, 2013, 08:45:48 PM
 #24

No, I really think we're not going much above 30 now. *maybe* spike to 33, then back to 27-30.

This rocket is now refueling on a previous orbit, before shooting straight to the moon.

I guess that makes a half-assed bear; not willing to sell, but not believing in triple digits in March either.

Nah, still think we won't see a new all time high this year.  I think we're just now turning the corner into some much needed profit taking that will drop the price by at least 1/3.
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February 23, 2013, 02:22:07 AM
 #25

If the scaling is correct, at difficulty 2m, price reached 31 (average 15), so at difficulty 4m as it is going to be soon, price should be somewhere around 62 (average 30)

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February 23, 2013, 03:13:53 AM
 #26

Since there is lots of people ready to buy with both hands in case of any significant retracement, my guess is that it just goes up.

It seems so. This is the definition of a bull market. Corrections are simply a matter of who can, either by skill or luck, time the correction best and buy lowest. Fear of the gap closing in is larger than any fear of a permanent drop. I feel we're actually still in this situation.

Bitcoin would need to experience negative events, bad news, or a real super bubble, to reverse this situation. That's my opinion.

Real negative events happens unpredictably, that is why it is always hard to call a top or bottom.
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February 23, 2013, 03:57:30 AM
 #27

$33 in the third month in 2013   Cheesy


piramida
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February 23, 2013, 05:29:43 AM
 #28

so it may be even more conservative than that, 28-32 would be the trading spread for some time.

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piramida
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February 23, 2013, 10:37:52 PM
 #29

To put things in perspective, this is what was happening in february 2011. Amazingly, if you multiply by 30, it looks very familiar, even the runup is at the same levels... Then broke psychological $1, consolidated for a month or so, and nobody ever saw $1 since.

http://bitcoincharts.com/charts/mtgoxUSD#czsg2010-05-24zeg2011-04-25ztgSzm1g10zm2g25zv

PS hope the smart guy who bought 200k coins at 0.1 is still holding. That got to be the best 20k investment ever Wink

i am satoshi
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February 23, 2013, 10:49:37 PM
 #30

To put things in perspective, this is what was happening in february 2011. Amazingly, if you multiply by 30, it looks very familiar, even the runup is at the same levels... Then broke psychological $1, consolidated for a month or so, and nobody ever saw $1 since.

http://bitcoincharts.com/charts/mtgoxUSD#czsg2010-05-24zeg2011-04-25ztgSzm1g10zm2g25zv

PS hope the smart guy who bought 200k coins at 0.1 is still holding. That got to be the best 20k investment ever Wink

We all know what happened in 2011. A 45% drop in the bear market followed by a 5000% rise in the bull market. So by this metric we drop to 16 USD and then climb to 800 USD.

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
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February 23, 2013, 10:59:33 PM
 #31

That's why this year will be exciting Smiley We'll see whether community learned something. For example, that spiking 30x in a month is not advisable.

i am satoshi
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