Rampion
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Activity: 1148
Merit: 1017
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May 04, 2013, 03:09:19 PM |
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We will reach $125 before the dump? Speculate
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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wachtwoord
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Activity: 2366
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May 04, 2013, 03:10:05 PM |
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Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant. That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit. Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language. Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period. I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant. |
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Cablez
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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May 04, 2013, 03:11:19 PM |
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@Chartbuddy - I really like your charts. One question though, could you present opposing sides so we can get a better view of the bid side as it happened as well? Basically show the current view and a 90 degree rotated one.
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smoothie
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Activity: 2436
Merit: 1449
KIZEKRA COMICS & LEALANA Silver Monero
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May 04, 2013, 03:12:02 PM |
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We will reach $125 before the dump? Speculate
Yes then you can put your order in...then it wont get filled, because it wont lol |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 04, 2013, 03:12:10 PM |
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The battle of the walls, see who'll keep more nerves in our next episode or download special report for 14BTC only from our website  Yeah what is that extra coin for?  13BTC |
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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May 04, 2013, 03:14:37 PM |
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Bulls now out of steam and out of money get ready for the ride DOWN  |
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just1nmc
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May 04, 2013, 03:15:44 PM |
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We will reach $125 before the dump? Speculate
I personally doubt it. Most of the people buying now are the same who dumped on the way down to $80, which is why they have fiat on the exchange to buy. If this rally is because of the China news I don't see it lasting long, because there won't be new buyers right away. I think the price will stay around $100 for now. |
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seleme
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Activity: 2730
Merit: 1028
Duelbits.com
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May 04, 2013, 03:16:03 PM |
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Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant. That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit. Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language. Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period. I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant. Ah, well that's a serious bullshit  It is absolutely no irrelevant, we are still living in fiat world and invest fiat to get BTC, so if one had invested 250 000$ to buy 1000 coins at April 9th, he is in no way same situation as one who invested 5000$ to buy them sometime in 2011/12. Actually, more I think about what I've just read more I think you are really not aware how stupid is that what you just wrote.. Meh, whatever.. |
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arklan
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Activity: 1778
Merit: 1008
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May 04, 2013, 03:16:59 PM |
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@Chartbuddy - I really like your charts. One question though, could you present opposing sides so we can get a better view of the bid side as it happened as well? Basically show the current view and a 90 degree rotated one.
and weren't you gonna add a vertical axis too? also - if you could make a navigable version of this, moving forward and back through time and rotating the view as i like, i, and i suspect others, would be willing to pay for it. i can see it now, moving across my screen in time, freely rotating, while next to it the more traditional charting software (i've got sierra chart running already.) |
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el_rlee
Legendary
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Activity: 1595
Merit: 1014
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May 04, 2013, 03:19:52 PM |
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I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant.
That's ignoring human nature |
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underground_
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May 04, 2013, 03:19:55 PM |
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50k btc have been purchased in the last few hours since we passed $100. 12k in bids down to $100. Musical chairs, anyone?
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wachtwoord
Legendary
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Activity: 2366
Merit: 1125
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May 04, 2013, 03:20:30 PM |
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Well, depends how much you can wait and what's your entry point... you'll be fine, you have mined your coins, he didn't, he bought them.
That's completely irrelevant. That's like people at casino's betting big with their earlier winnings, losing it all and then stating it wasn't theirs to start with. Total bull shit. Not sure if I understand good what you are trying to say, it happens sometimes as English is not my native language. Goat will be pretty good if he just holds on loads of coins he mined, I strongly believe Bitcoin will be worth more in the future. If he doesn't sell anything or just small parts of it to support his lifestyle he'll still be fine. as he got his coins very cheap. His collection will be worth more or less during time but if he is happy with size of his collection and doesn't want to trade he'll be fine in long period. I tried to explain to you that after you have the Bitcoins in your possession (or any investment for that matter) the entry point has become irrelevant. If I have 100 BTC and I received them all as a gift from Satoshi it's the same as when I bought them all at $266. At that point in time you have 100 BTC and can decide to either keep them or sell them but the origin of the Bitcoins is irrelevant. Ah, well that's a serious bullshit It is absolutely no irrelevant, we are still living in fiat world and invest fiat to get BTC, so if one had invested 250 000$ to buy 1000 coins at April 9th, he is in no way same situation as one who invested 5000$ to buy them sometime in 2011/12. Actually, more I think about what I've just read more I think you are really not aware how stupid is that what you just wrote.. Meh, whatever.. I seriously advise you to think about it some more. This is a twist in most peoples thinking process which is really unprofitable to have (so fix it!). It is completely irrelevant. BTW if it makes it easier for you the same would be true for holding some shares of KO (Coca Cola) for instance. At the moment you have the shares you can make an investment decision (hold or sell). How the shares came in your possession should not hold any value in that decision (it is irrelevant i the rational decision making process). |
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seleme
Legendary
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Activity: 2730
Merit: 1028
Duelbits.com
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May 04, 2013, 03:24:02 PM |
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wachtwoord, I'll give that a rest, I see no point to discuss it anymore. Btw, this situation, kinda remains on 90s$ one from yesterday, someone is definitely trying to push the price up with those walls. Someone bought a lot cheap |
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Rampion
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Activity: 1148
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May 04, 2013, 03:25:44 PM |
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Ask sum creeping up again  |
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 04, 2013, 03:29:16 PM |
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What I don't understand is why we put ANY belief in the graphs. First rule of investing is that past performance is NOT indicative of future performance (good or bad).
Bitcoin is not on a performance curve but an adoption curve (at least that's my belief). When it reaches near saturation, it will about flatline at whatever price with minor fluctuations and probably a slowish upward climb due to fiat inflation and bitcoin deflation. |
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Jaques
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May 04, 2013, 03:43:44 PM |
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oh, thanks lot, very informative ... |
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NamelessOne
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Activity: 840
Merit: 1000
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May 04, 2013, 03:46:24 PM |
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Fun to watch a manipulation wall get destroyed. |
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fitty
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May 04, 2013, 03:47:52 PM |
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There are some stubborn bulls out there. The market has absorbed a crazy amount of coins the last 5 days. Once this is finally over going to be an epic rally.
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deathcode
Copper Member
Sr. Member
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Activity: 1260
Merit: 250
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May 04, 2013, 03:49:08 PM |
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Seems like we are already back to reality. 107 and falling  See that 3k ask wall at $111? That's to make sure it doesn't bounce back. That's from a person(s) who have spent a lot of coins pushing the price down and they haven't bought back in yet. So they're not going to let the price rally until they do buy back in. From my rough calculations, they need to price to at least get to $65. They've sold a ton of coins sub $100 and if they turn around and just start buying right now it's unlikely they'd break even at best. When you stop seeing that obvious consolidation after dumps, and of course stop seeing coin dumps into every rally, then you know we're headed back up. Until then, it's just mini rallies that will be dealt with swiftly, punishment turns out to be like 5k coins dumped all once. I doubt your statement is true. |
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