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Question: Bitcoin Forecast: What do you expect BTC/USD prices to do in the next 4 weeks?
Up
Down
Same as now
I don't know

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Author Topic: Bitcoin Forecast, Bitcoin Speculation & Bitcoin Technical Analysis. Up or DOWN?  (Read 510267 times)
caveden
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April 12, 2011, 07:39:35 AM
 #341

Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak.  At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.

How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology...
Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own?

IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go...

18rZYyWcafwD86xvLrfuxWG5xEMMWUtVkL
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da2ce7
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April 12, 2011, 08:09:16 AM
 #342

Just a bit of fundamental prospective, The Bitcoin economy size was much smaller when we hit the $1.1 peak.  At that time the amount of good and services offered by the economy, by my estimation supported around a 10c price. So there was a 10x speculation.

How do you come with such a guess? No offense, but this looks no more "fundamental" than astrology...
Do you consider, for example, that the simple fact that bitcoins are a good way to protect yourself against inflation is a "service" of its own?

IMHO, the main "fundamental" factor driving bitcoins prices is the number of people who understand about it and who also happen to understand how bad fiat money is. The more people that knows that, the higher the price of bitcoins will go...

All astrology, I'm quite good at it actually.  Shocked

One off NP-Hard.
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April 12, 2011, 01:50:04 PM
 #343

It seems that the exchange rate may exceed $1 soon again. Cheesy

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kiba
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April 12, 2011, 02:07:23 PM
 #344

It seems that the exchange rate may exceed $1 soon again. Cheesy

And we will have a bigger economy to support it too.

S3052
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April 12, 2011, 05:43:07 PM
 #345

Freemoney and bitcool:

Will do 50 btc with each of you.

On silver spot price trading below 30 at least intraday before may 31, 2011.

Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. 

Booked.
I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link:

http://www.kitco.com/charts/livesilver.html#ny

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bitcool
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April 12, 2011, 06:30:31 PM
 #346

Freemoney and bitcool:

Will do 50 btc with each of you.

On silver spot price trading below 30 at least intraday before may 31, 2011.

Consider it booked. I just want to know what source you consider valid for this. I watch Kitco, don't know if that's lame or rigged or whatever. 

Booked.
I am fine with whatever source, as long as it tracks New York SILVER SPOT. kitco is fine, see link:

http://www.kitco.com/charts/livesilver.html#ny

Sure, I am in.
S3052
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April 12, 2011, 08:41:26 PM
 #347

Brief update on the occasion of the 3rd highest trading day ever on Bitcoins (in $ terms).

This update is simple. All indicators and patterns bullish.
LONG TERM: Up
SHORT TERM: Up


After strong break out above 0.8$ we immediately jumped to next resistance 0.9$ as predicted in last analysis. As long as prices stay above 0.8 $, the rally is intact.
Next resistances: 0.90$, 0.95$, 1.00$, before the all time high can be attacked by the bulls (1.10$). Surprises on the upside expected.


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April 12, 2011, 10:33:42 PM
 #348


"Never invest unless you can afford to lose your entire investment." © S3052
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April 13, 2011, 06:40:18 PM
 #349

Bitcoin UP vs. all currencies: ALL GREEN



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BitterTea
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April 13, 2011, 07:21:03 PM
 #350

I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price.

I suppose you deserve another donation for that. Smiley
S3052
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April 13, 2011, 07:28:19 PM
 #351

I bought some MTGox credit from mndrix last week, and I was planning on holding it for another drop in the exchange rate. Well, after reading your special update on the 11th, I decided to buy at the current price.

I suppose you deserve another donation for that. Smiley

Thanks so much.
I am happy if my followers are happy.

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April 14, 2011, 01:50:25 PM
 #352


"Never invest unless you can afford to lose your entire investment." © S3052
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April 14, 2011, 09:27:18 PM
 #353

As promised, here is tonight’s Bitcoin technical update, covering as usual both, short and longterm trends.

Please donate here if you wish to see the Bitcoin Market Coverage continued:
1P8iS7WLx5n4ixThBRCPEPk9A3dR8bV6qt


http://blog.bitcoinwatch.com/2011/04/bitcoin-market-analysis-april-14th-2011-by-s3052/

>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

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nster
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April 14, 2011, 09:41:37 PM
 #354

We actually did hit 1$ on Mtgox (yesterday morning), and we are on it right now!


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S3052
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April 14, 2011, 09:43:25 PM
 #355

correct, as I have stated in the report:

"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."

>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

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nster
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April 15, 2011, 03:06:13 AM
 #356

correct, as I have stated in the report:

"As forecast, BTC/USD have indeed broken impulsively above 0.8$ and also above 0.9$, which paved the way to PARITY again."

I thought I saw "which will pave the way to parity again" sorry, read too fast Tongue  Embarrassed

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nster
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April 15, 2011, 07:05:19 AM
 #357

we hit 1.08$ Smiley Soooo close to the all-time high

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wobber
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April 15, 2011, 07:13:01 PM
 #358

And it seems is going down again...

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slush
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April 15, 2011, 08:39:47 PM
 #359

And it seems is going down again...

You are sooo impatient Smiley. Corrections are natural, even more when market is on all-time extremes. And every correction is good chance to buy more bitcoins for great price!

da2ce7
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April 16, 2011, 01:17:42 AM
 #360

Yesterday was our biggest trading day of all time.  In total almost $50K was traded.  Leading the price only $0.02 lower.  Exciting times

One off NP-Hard.
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