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medialab101
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June 02, 2014, 12:54:33 AM |
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didn't think it would jump that much over the weekend.. i was away for some time. kinda surprised.. what's the cause for this run-up?
The downtrend is broken and we are in a bull market... this is what it's going to be like until we smash the ATH, hit the next bubble peak and crash back down to somewhere between 1,000 and 2,000. I agree except for crashing down as low as $1000. Yes, I know that past performance is no guarantee but historically, BTC bubbles have never crashed down anywhere near as low as the previous bubble's high. I'd expect the crash to bottom out somewhere between $1800-$2500. Historically this would be correct but I don't think there is enough infrastructure in place yet to sustain past trends. I hope I'm wrong though. |
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thezerg
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Activity: 1246
Merit: 1010
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June 02, 2014, 12:55:33 AM |
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Good thing we slowed down. Turning on the afterburners too soon will flare out early
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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June 02, 2014, 12:58:16 AM |
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There was no large "first dump" till $670, just small sells. Dumps started at $655 and down. Although they are still in profit by selling at $650  I should have said "first dumps" (plural). Sure, people who sold at $650 still made a profit, but that's no big thing. Most people here would make a profit selling at $200, wouldn't they? Selling at the bottom of this minor correction doesn't make a lot of sense.I'm hoping that buying at the bottom of this minor correction makes more sense.. 670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.  that's what I'm hoping anyways. |
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ChartBuddy
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 02, 2014, 01:00:28 AM |
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Wandererfromthenorth
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June 02, 2014, 01:17:48 AM |
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There was no large "first dump" till $670, just small sells. Dumps started at $655 and down. Although they are still in profit by selling at $650 I should have said "first dumps" (plural). Sure, people who sold at $650 still made a profit, but that's no big thing. Most people here would make a profit selling at $200, wouldn't they? Selling at the bottom of this minor correction doesn't make a lot of sense.I'm hoping that buying at the bottom of this minor correction makes more sense.. 670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up. that's what I'm hoping anyways. Bottomed out at yesterday's resistance. Spot on. I agree. This is a excellent re-entry point. |
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JimboToronto
Legendary
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Activity: 4186
Merit: 4855
You're never too old to think young.
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June 02, 2014, 01:20:51 AM
Last edit: June 02, 2014, 01:35:59 AM by JimboToronto |
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I'm hoping that buying at the bottom of this minor correction makes more sense..
Indeed. I've got no fiat at Virtex, though. Too bad Bitcoin Decentral is closed on Sundays. 670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.
It seems to be holding for now. It's the 160 coin ask at $693.49 holding things back that concerns me more now. I can't see it falling too much below current levels. Edit: That 160 coin ask has been bumped up to $702.35. I guess someone's feeling less panicky now. |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 02, 2014, 01:22:18 AM |
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What is the over/under on us stabilizing back at $666 by the end of the day?
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 02, 2014, 01:23:20 AM |
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OKCoin is still putting up volumes that are about as high as Stamp and Houbi combined...
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JimboToronto
Legendary
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Activity: 4186
Merit: 4855
You're never too old to think young.
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June 02, 2014, 01:27:05 AM |
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What is the over/under on us stabilizing back at $666 by the end of the day?
Very good, I'd say. The correction of the over-correction has already started. |
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Davyd05
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June 02, 2014, 01:29:04 AM |
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I'm hoping that buying at the bottom of this minor correction makes more sense..
Indeed. I've got no fiat at Virtex, though. Too bad Bitcoin Decentral is closed on Sundays. 670 to 675 range was holding as resistance for a while, (*cavirtex numbers and chart*) I'm hoping that it will now become support for the next leg up.
It seems to be holding for now. It's the 160 coin ask at $693.49 holding things back that concerns me more now. I can't see it falling too much below current levels. have you heard that they have a btc atm at snakes and lattes? http://www.snakesandlattes.com/ |
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JayJuanGee
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Activity: 3892
Merit: 11118
Self-Custody is a right. Say no to"Non-custodial"
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June 02, 2014, 01:31:11 AM |
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Anybody get a circle.com invite yet?
From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago.
However, I have received No invite from them, so far.
I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.
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BBmodBB
Full Member
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Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
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June 02, 2014, 01:32:38 AM |
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750-900 : IN SIGHT!!!  |
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Gingermod
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June 02, 2014, 01:44:22 AM |
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750-900 : IN SIGHT!!! Oh fug |
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ChrisML
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June 02, 2014, 01:45:52 AM |
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750-900
A bit optimistic? lol
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JimboToronto
Legendary
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Activity: 4186
Merit: 4855
You're never too old to think young.
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June 02, 2014, 01:51:19 AM |
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Cool. Thanks for the tip. I'm more of a Snakes and Lagers type though. I'll have to see if they have a BTC ATM there. It's a little closer to where I live in Kensington Market than BTC Decentral. The thing about Bitcoin Decentral is that often someone there will sell you coins directly phone-to-phone anonymously. I've never had to pay more than 5% over Stamp or Virtex. Tonight I'll be lucky to make it as far as Grossman's where bartender Rob will accept bitcoins for beer. At least it's in my neighborhood and has live music. |
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mogrith
Legendary
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Activity: 1470
Merit: 1001
Use Coinbase Account almosanywhere with Shift card
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June 02, 2014, 01:53:19 AM |
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omg i missed this soo much
we should do this ever sunday
I LOVE YOU GUYS
who need a beer?
post your BTC address
Soo thirsty.. I buy buy beer here with bitcoin http://thecopperdoorbar.com1MogRiTHpQZ7bkpq49cSVWADrTt7Jrghp |
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Nightowlace
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June 02, 2014, 02:00:09 AM |
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I'm just going to leave this here;
$666 by Monday June 2, 2014
I love it when I'm right! |
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smiley123
Member
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Activity: 101
Merit: 10
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June 02, 2014, 02:00:19 AM |
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Anybody get a circle.com invite yet?
From my understanding, you have to go to their website to request an invite, and I made such an invitation request about a week ago.
However, I have received No invite from them, so far.
I would also be curious whether anyone has used their service(s) to purchase and/or sell bitcoin, yet.
I'm wondering the same thing. I'm just guessing, but the thought occurred to me that they might be waiting for some regulation that might be coming soon before sending out the invites. |
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ChartBuddy
Legendary
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Activity: 2352
Merit: 1803
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 02, 2014, 02:00:29 AM |
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aminorex
Legendary
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Activity: 1596
Merit: 1030
Sine secretum non libertas
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June 02, 2014, 02:04:35 AM |
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Last 2 weekly MACD crosses produced this:
I say 7x this time. 7x from what price point do we measure? From seleme's box, bottom left: 648 |
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