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Author Topic: Does anyone know where the BTC price is heading?  (Read 2823 times)
Gordonium
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April 12, 2013, 08:46:20 AM
 #21

100$/BTC today.

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arepo
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this statement is false


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April 12, 2013, 01:07:18 PM
 #22

this thread is like walking through a madhouse. you're delusional if you think today's candle is going to be green.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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zoolander
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April 12, 2013, 01:14:24 PM
 #23

this thread is like walking through a madhouse. you're delusional if you think today's candle is going to be green.

But look at all the "cheap" coins!!!!! BUY BUY BUY!
evolve
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April 12, 2013, 02:48:54 PM
 #24

Slow slide to singles.
flaab
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April 12, 2013, 02:56:29 PM
 #25

To 20 bucks. Or so.
muyuu
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April 12, 2013, 03:02:03 PM
 #26

Up to $300 this year.

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
arepo
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this statement is false


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April 12, 2013, 03:07:45 PM
 #27



-===-

if anything, the bitcoin market is more efficient now.

we shed 80% of the inflated price in 3 days. this price collapse is unprecedented in bitcoin history with the exception of the 90+% collapse of the June bubble, but that occurred over many months. in that way this is the single largest collapse in bitcoin history.

of course, it was necessary. i think reddit is largely to blame here, judging by the explosion in the subscriber base to /r/bitcoin and because the rally was already showing signs of exhaustion around $40 -- it was a bubble on top of a bubble.

we were enjoying 'sustainable exponential growth' (linear on a log graph) before the price went parabolic above $40, and then immediately corrected. this led into a long period of triangular consolidation that brokeout strongly UP, sparking the continuation of the parabolic move. at this point our fates were sealed.


the good news is...

...that we've already reached an important support/resistance in the Price-Volume Trend. right now we are about 50% higher than the most recent low of $50, suggesting that the ratio of buying to selling pressure may be reaching a critical point. this could yield a short period of sideways consolidation before another large move, likely down, but there are also alternate scenarios. the support pictured above suggests that if we consolidate for any significant amount of time (i.e. if we enter a long period of low volatility like we saw in the April-June period of last year) it would be very bullish indeed.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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Wuji
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April 12, 2013, 03:11:34 PM
 #28

Does anyone know where the BTC price is heading?

Yes, down.
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April 12, 2013, 03:17:00 PM
 #29

above 100 next week no doubt, so many ppl want to get in, this is their chance, maybe the last one for 2 digits, BIG IF, gox do not fuck us over again.
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April 12, 2013, 06:16:20 PM
 #30

It looks as if we are headed for a major bull trap. So buying now may not be such a bad idea.

However, buying in a market that is generally headed downward is risky.

No risk, no fun. Smiley
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April 12, 2013, 06:20:09 PM
 #31

Does anyone know where the BTC price is heading?
Nope!
There's no earthly way of knowing
Which direction we are going.
There's no knowing where we're rowing
Or which way the river's flowing.
Is it raining?
Is it snowing?
Is a hurricane a blowing?

Not a speck of light is showing
so the danger must be growing.
Are the fires of hell a glowing?
Is the grisly reaper mowing?
Yes! The danger must be growing
For the rowers keep on rowing.
And they're certainly not showing
any signs that they are slowing!

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
cAPSLOCK
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April 12, 2013, 06:51:19 PM
 #32

Looks like consolidation and accumulation here... someone trading these things knows what they are doing.
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