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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330869 times)
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keewee
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May 04, 2013, 01:34:43 AM
 #3901

That wall at $85 has grown in size

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May 04, 2013, 01:35:26 AM
 #3902

next stop; no one knows

now seleme won't yell at me for being right
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May 04, 2013, 01:40:39 AM
 #3903

next stop; no one knows

now seleme won't yell at me for being right

hehe, have I done it already, can't remember Smiley

Those walls hint some upward movement might happen though
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May 04, 2013, 01:54:15 AM
 #3904

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May 04, 2013, 02:05:45 AM
 #3905

"A haircut costs half a Bitcoin."  Wow Gavin gets expensive haircuts!

http://online.wsj.com/article/SB10001424127887323809304578429142650304564.html
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May 04, 2013, 02:07:33 AM
 #3906

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May 04, 2013, 03:06:12 AM
 #3907

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May 04, 2013, 03:13:29 AM
 #3908

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May 04, 2013, 03:24:18 AM
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"A haircut costs half a Bitcoin."  Wow Gavin gets expensive haircuts!

http://online.wsj.com/article/SB10001424127887323809304578429142650304564.html

what is his net worth?
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May 04, 2013, 03:41:35 AM
 #3910

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users), will turn this discussion completely ridiculous before the end of this month:
January: 10, February: 20, March: 40, April: 80, May: 160, ... December 20480.
Even the above contains more valuable advice than most said in this thread, although it is public knowledge that this kind of behaviour cannot just increase exponentially. It will go parabolic, crash, and repeat. Not only I believe it will go to $1M this year, I have not heard very many good arguments from anyone, what can hinder it  Huh

Considering that we by and large visited the 3rd fibonacci of $78 (never judge with more than 1-2% precision, this is not voodoo after all but real world, it is close enough - I should have known from the first visit to 91 that 95 will not hold, it is too far), the upmove will just be commensurately violent.

At $50 we saw 4th order fibonabbi retracement double(intraday:triple/quadruple) bottom megamove finalcapitulation (akin to 100 megaton fusion charge). As a result, we rallied 50->167 (234%) in 8 days. Now that is 0.64% per hour, compared to the 0.08% exponential trendline it is 8 times faster rate of appreciation.

The sorry state of mankind is truly manifest in its lack of understanding the exponential function. You do not even regard 0.30% per hour as fast when measured in hourly scale (on the contrary, 1 dollar per 3 hours is considered "bitcoin is dead" in these forums).

By being dead continuously for 2673 hours, bitcoin will reach $300k USD by...

...Christmas, this year?  Smiley

No. August, 22.  Grin

Granted, the dealer network and some other stuff will have to begin operating, but the good thing is they will, regardless of what you and I do. Even the dealer network fixing excelsheet I already have, and use it for mathematically heavier calculations than "just" stabilizing the price and flows of bitcoin worldwide, which is pretty easy really. The heaviest part is to write enough on this forum, to convince at least 10 other dealers, which I believe are pretty much convinced already, or will be after the I Supernode Summit.

Yesterday alone, I talked to two people more knowledgeable than me. I am just a messenger, like I said when I started posting in a serious way about 30 days ago.

If someone buys bitcoins in May, 2013, he will be rich. In December, he will be poor. The fair value will be crossed somewhere in between.

ADD:
Visual aid: "Bitcoin is dead in between $90 and $100 now." (zoom to 12h).
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May 04, 2013, 03:45:53 AM
 #3911

"A haircut costs half a Bitcoin."  Wow Gavin gets expensive haircuts!

http://online.wsj.com/article/SB10001424127887323809304578429142650304564.html

what is his net worth?

Just don't let the hairdresser watch the charts while they're using the scissors...
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May 04, 2013, 03:48:44 AM
 #3912

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users)
Where did you get those numbers?
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May 04, 2013, 03:52:48 AM
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May 04, 2013, 03:53:43 AM
 #3914

rpietila's SR dealer must have been rich for some time now, his client is high all day and night, selling him stuff is one serious business  Grin
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May 04, 2013, 04:06:19 AM
 #3915

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May 04, 2013, 04:06:37 AM
 #3916

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May 04, 2013, 04:11:50 AM
 #3917



So, we're up for rally after this low volume?  Grin
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May 04, 2013, 04:22:37 AM
 #3918

Yay, something happened!
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May 04, 2013, 04:34:13 AM
 #3919

So, we're up for rally after this low volume?  Grin

Hmmm, doesn't feel right. Not much consolidation on the asks, not nearly as agressive, no fake wall action. If they were going to throw in the towel they'd be buying. I'd expect a 5-10k coin dump if it gets to 100. If it doesn't come maybe they ran out of coins. But so many coins sold sub $100, I can't imagine they'll just eat those losses without a fight. On the flip side they didn't take down superman at 90 so maybe we are ready for a little rally. Wink
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May 04, 2013, 04:42:41 AM
 #3920

I'm surprised by the resistance. No complaints here. Long, slow slide advocates, what are your thoughts?
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