|
TERA
|
 |
June 12, 2014, 04:04:02 AM |
|
[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]
All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]
Absolutely not. The amount of fiat burned is not equal to the market cap, ever. Please add to my list then. I thought it was a good list of things that actually occur on a physical level to move prices. I'd group these together into the 'physical layer'. Now there are other things you could say moves the price like "news", but that would belong to the 'cognitive layer'. Anything that exists in the cognitive layer must still be manifested in the physical layer somehow. |
|
|
|
|
falllling
Member
 Offline
Activity: 112
Merit: 10
|
|
June 12, 2014, 04:13:14 AM |
|
do we all agree that we are going down? too many sell orders at $630 - $645 - $680, we are heading to $610 - $600 -$5xx
|
|
|
|
|
|
MicroFi
|
|
June 12, 2014, 04:17:06 AM |
|
I sent over some extra fiat to Bitstamp, yesterday.
Hope it gets there on time to buy up some cheap coins ...
|
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2800
Merit: 2448
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
June 12, 2014, 04:32:59 AM |
|
[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]
All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]
Absolutely not. The amount of fiat burned is not equal to the market cap, ever. The market cap is just about meaningless. Especially for Bitcoin. And there doesn't need to be any volume for the price to shift. Though it is doubtless more healthy if there is. |
|
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
June 12, 2014, 04:33:21 AM |
|
I sent over some extra fiat to Bitstamp, yesterday.
Hope it gets there on time to buy up some cheap coins ...
I'm hoping right along with ya. Actually I'm thinking I'm just gonna wire 500 bucks every paycheck until we go above 800 (CAD on virtex) |
|
|
|
|
|
Parazyd
|
|
June 12, 2014, 04:34:03 AM |
|
Told you we were going down  I have no fiat on exchanges... |
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2800
Merit: 2448
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
June 12, 2014, 04:37:20 AM |
|
[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]
All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]
Absolutely not. The amount of fiat burned is not equal to the market cap, ever. Please add to my list then. I thought it was a good list of things that actually occur on a physical level to move prices. I'd group these together into the 'physical layer'. Now there are other things you could say moves the price like "news", but that would belong to the 'cognitive layer'. Anything that exists in the cognitive layer must still be manifested in the physical layer somehow. The only thing that moves the price is that the lowest seller and the highest buyer agree on a different price than the previous lowest seller and highest buyer. |
|
|
|
|
Richy_T
Legendary
Offline
Activity: 2800
Merit: 2448
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
|
|
June 12, 2014, 04:37:52 AM |
|
Told you we were going down I have no fiat on exchanges... Mo fiat, mo problems. No fiat, no problem. |
|
|
|
|
|
Parazyd
|
|
June 12, 2014, 04:43:44 AM |
|
Told you we were going down I have no fiat on exchanges... Mo fiat, mo problems. No fiat, no problem. It's a problem, I can't buy more BTC. |
|
|
|
|
|
TERA
|
|
June 12, 2014, 04:54:51 AM |
|
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.
|
|
|
|
|
falllling
Member
Offline
Activity: 112
Merit: 10
|
|
June 12, 2014, 04:56:48 AM |
|
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.
did we drop to $560 in these days? |
|
|
|
|
|
TERA
|
|
June 12, 2014, 04:59:06 AM |
|
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.
did we drop to $560 in these days? not yet |
|
|
|
|
ChartBuddy
Legendary
Offline
Activity: 2576
Merit: 2210
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
June 12, 2014, 05:01:02 AM |
|
|
|
|
|
|
|
TERA
|
|
June 12, 2014, 05:02:10 AM |
|
I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.
|
|
|
|
|
|
hyphymikey
|
|
June 12, 2014, 05:03:49 AM |
|
I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.
Haha, you are funny! |
|
|
|
|
|
Parazyd
|
|
June 12, 2014, 05:10:35 AM |
|
You can't deny the price is dropping though.
|
|
|
|
|
|
Blue
|
|
June 12, 2014, 05:19:58 AM |
|
 [/quote] |
|
|
|
|
zby
Legendary
Offline
Activity: 1594
Merit: 1002
|
|
June 12, 2014, 05:20:13 AM |
|
Have you guys noticed how rallies precede good news - not the other way around?
|
|
|
|
|
shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
|
|
June 12, 2014, 05:22:30 AM |
|
based on a potential fractal I noticed.
please tell me this fractal is from 2012   seriously, just add a couple zero's onto those prices and boom! it's like time travel! |
|
|
|
|
|
Parazyd
|
|
June 12, 2014, 05:34:55 AM |
|
What are you talking about? We're not dropping lower then 600 I think we could see consolidation here around 610-650 for the whole fucking month
Let it be known! Probably won't happen as you think... Although, wouldn't be bad. |
|
|
|
|
|
Poll
