Bitcoin Forum
October 11, 2024, 08:10:08 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.9%)
7/28 - 11 (9.8%)
8/4 - 16 (14.3%)
8/11 - 7 (6.3%)
8/18 - 6 (5.4%)
8/25 - 8 (7.1%)
After August - 63 (56.3%)
Total Voters: 112

Pages: « 1 ... 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 [265] 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 ... 33810 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26472887 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile
May 07, 2013, 11:04:30 AM
 #5281

I grant you the bolded part. I think we all agree that long term Bitcoin will be huge - the truth is that we are all bullish about BTC at the end of the day, which is normal because this is bitcointalk.org

We just differ on short-term moves, on which is the top or bottom for the next few days, or weeks… I have to agree with you that it seems that we will not have such a pronounced decline as in 2011, and the recovery will also be faster. Heck, I even think that we won't go below $50 again - that's pretty bullish in my book, considering that in January we were below $20. I don't know if consolidation will be 2-3 months or 6 months, but it definitely doesn't looks like an entire year of decline + another full year for consolidation like we had after the burst of the 2011 bubble.

In 2011 a lot of people screamed "PONZI!!" and turned their backs to BTC. A lot of people thought Bitcoin was gone for good. It seems to me that now the mentality is much different: people knows Bitcoin is here to stay, and it's just a matter of WHEN the next growth cycle will start.

That's fucking deep, man.

Also, I tend to agree. What many people seem to forget when they talk about "fundamentals" vs. "market craze" is that, in the real world, there are two possibly outcomes wrt. bitcoin usage (I'm simplifying, in reality there's a near-continuum of outcomes, but follow my line of thought for a second): 1) bitcoin succeeds. 2) bitcoin fails.

If 2), our investment is toast anyway. But if 1), well, then at some point even the most bearish market participants will agree that it's being adopted, and will start buying, thus drivin the price up.

Now, we have no influence on the question if it'll be scenario 1) or 2) (another simplification. the whole thing is a feedback loop, so our market actions do actually influence fundamentals/adoption). So the only question to answer for us is how is the market sentiment now, and in the near future?. And I think you described it accurately: it's not so much that most people think "Damn, we're going down", or even "I hope we're not going down any further", but rather "Even if we go down, my long term conviction is we're going up, so I'm going to load up on coins at the lowest possible price.", or at most something like "I hope we're not going down *too* much, or recovery will take too long."

Let's say that's an accurate description of the market sentiment.  Then the price won't really have a chance to slide down in a slow trajectory like it did in 2011. Hit bottom a few more times? Maybe. Test 50 again? Sure, could happen. But any correction still necessary won't take place at such an indifferent speed like back then.
ChartBuddy
Legendary
*
Online Online

Activity: 2324
Merit: 1801


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
May 07, 2013, 11:07:12 AM
 #5282

Jaroslaw
Member
**
Offline Offline

Activity: 84
Merit: 10


supernode


View Profile
May 07, 2013, 11:08:24 AM
 #5283


it depends what time frame you use. Now look at the 6m charts.
So we are on the way to the "real bottom" now?

Euphoria last grasp
dexX7
Legendary
*
Offline Offline

Activity: 1106
Merit: 1026



View Profile WWW
May 07, 2013, 11:08:38 AM
 #5284

In a very bigger picture.. it's triangle time soon.

solex
Legendary
*
Offline Offline

Activity: 1078
Merit: 1006


100 satoshis -> ISO code


View Profile
May 07, 2013, 11:13:03 AM
 #5285

Solex you are Bull? If you could buy $90 BTC right now by playing into an established downward trend would you?
(Hint: your answer is also the Market's answer)

Your question is:what makes you think the downward trend is still in place?
The dip to 102 may be the closest it gets to 95 for a good while. It was not really that far away. The market might be remembering all the times traders were left waiting on the platform for the perfect entry point when the train was whistling away down the track...
phoenix1
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000



View Profile
May 07, 2013, 11:23:22 AM
 #5286

Next break downwards imminent ...  Shocked
crazy_rabbit
Legendary
*
Offline Offline

Activity: 1204
Merit: 1002


RUM AND CARROTS: A PIRATE LIFE FOR ME


View Profile
May 07, 2013, 11:25:14 AM
 #5287

Solex you are Bull? If you could buy $90 BTC right now by playing into an established downward trend would you?
(Hint: your answer is also the Market's answer)

Your question is:what makes you think the downward trend is still in place?
The dip to 102 may be the closest it gets to 95 for a good while. It was not really that far away. The market might be remembering all the times traders were left waiting on the platform for the perfect entry point when the train was whistling away down the track...


It's a good point. If bitcoins were to break $100 downward I would probably sell everything. However at the same time, if bitcoins were to break $100 downward and I didn't catch it in time to sell everything, I would buying everything under $100. Hence I think we will hover around $100 for some time, any normal crash is driven by our greedy desire to outfox the the guy next to us and call the bottom. It's not really driven by any technical issues with bitcoin just as it rises back up one we get paranoid that the music has stopped and we won't get our coins back. Its like musical chairs, but with bitcoin. Every round you can either get more coins or lose coins.
Rampion
Legendary
*
Offline Offline

Activity: 1148
Merit: 1018


View Profile
May 07, 2013, 11:27:18 AM
 #5288

Solex you are Bull? If you could buy $90 BTC right now by playing into an established downward trend would you?
(Hint: your answer is also the Market's answer)

Your question is:what makes you think the downward trend is still in place?
The dip to 102 may be the closest it gets to 95 for a good while. It was not really that far away. The market might be remembering all the times traders were left waiting on the platform for the perfect entry point when the train was whistling away down the track...


It's a good point. If bitcoins were to break $100 downward I would probably sell everything. However at the same time, if bitcoins were to break $100 downward and I didn't catch it in time to sell everything, I would buying everything under $100. Hence I think we will hover around $100 for some time, any normal crash is driven by our greedy desire to outfox the the guy next to us and call the bottom. It's not really driven by any technical issues with bitcoin just as it rises back up one we get paranoid that the music has stopped and we won't get our coins back. Its like musical chairs, but with bitcoin. Every round you can either get more coins or lose coins.

It's VERY likely that bitcoins will break $100 donward. Just check all the indicators. It will happen today, maybe tomorrow. I never sell BTC, even if we are going down (it hurts too much to lose them when you are mistaken), but I can guarantee you that I have a lot of bids from $96 all the way down to $32 (not that I hope that the lower ones will get filled, but a man can dream...)
San1ty
Sr. Member
****
Offline Offline

Activity: 462
Merit: 250


View Profile
May 07, 2013, 11:34:18 AM
 #5289

In a very bigger picture.. it's triangle time soon.



A bullish triangle, to the moon it is...
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 07, 2013, 11:34:38 AM
 #5290

Next break downwards imminent ...  Shocked

How did you tell that or was it just lucky timing?
BitPirate
Full Member
***
Offline Offline

Activity: 238
Merit: 100


RMBTB.com: The secure BTC:CNY exchange. 0% fee!


View Profile
May 07, 2013, 11:38:11 AM
 #5291

Next break downwards imminent ...  Shocked

How did you tell that or was it just lucky timing?

What are you talking about? There is no "break downwards", and there will not be. We're just seeing normal fluctuations with fairly low volume -- and each trough is higher than the previous. There is no sign of a downward break.... but if we do break down, it won't be for a few days. Equal chance we break to the upside at the moment IMO.
el_rlee
Legendary
*
Offline Offline

Activity: 1600
Merit: 1014



View Profile
May 07, 2013, 11:39:27 AM
 #5292

I suspect rpietila could be Mads Brügger.
"
Mads Brügger (1972) is a Danish journalist, TV-host, author and filmmaker. He has written several books, worked for magazines and newspapers, produced award winning radio programmes and hosted the critically acclaimed late night TV-programme The 11th hour as well as the daily news/debate programme Deadline. Furthermore, he has created satirical docu-series as Danes for Bush (2004) and the feature-length documentary, The Red Chapel (winner at Nordisk Panorama 2009 & Sundance 2010). Brügger is reknown for his distinctive methods of “performative journalism” as he infiltrates various milieus."



http://theambassador.dk/

Sorry for digging up the old post - I just watched the movie and really enjoyed it.

I also found this website: http://www.identificationconsulting.com and guess what: "Bitcoin accepted"!
Just posting this here to underline how widely accepted Bitcoin already is.
phoenix1
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000



View Profile
May 07, 2013, 11:41:10 AM
 #5293

Next break downwards imminent ...  Shocked

How did you tell that or was it just lucky timing?

From the charts ...
Volume was really low and we had just reached the end of a triangle on the 15 min chart and peeked out the bottom
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 07, 2013, 11:51:23 AM
 #5294

Next break downwards imminent ...  Shocked

How did you tell that or was it just lucky timing?

From the charts ...
Volume was really low and we had just reached the end of a triangle on the 15 min chart and peeked out the bottom


Well for second time this morning I've bought back at $107.42 after selling at $109.5

I've 108 Bitcoin listed at $109.59 again Smiley  Based on your charts, do you think I will get lucky a third time?
phoenix1
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000



View Profile
May 07, 2013, 11:56:18 AM
 #5295

Next break downwards imminent ...  Shocked

How did you tell that or was it just lucky timing?

From the charts ...
Volume was really low and we had just reached the end of a triangle on the 15 min chart and peeked out the bottom


Well for second time this morning I've bought back at $107.42 after selling at $109.5

I've 108 Bitcoin listed at $109.59 again Smiley  Based on your charts, do you think I will get lucky a third time?

If you get  chance to sell there again  Wink
Ivanhoe
Hero Member
*****
Offline Offline

Activity: 841
Merit: 1000



View Profile
May 07, 2013, 11:59:10 AM
 #5296

A 4k wall appeared on 111, ooooh scary...

edit: I think it will disappear before we hit 110, if we go up.
fr33d0miz3r
Hero Member
*****
Offline Offline

Activity: 518
Merit: 500


View Profile
May 07, 2013, 12:05:48 PM
 #5297

A 4k wall appeared on 111, ooooh scary...

edit: I think it will disappear before we hit 110, if we go up.

but will we go up?
ChartBuddy
Legendary
*
Online Online

Activity: 2324
Merit: 1801


1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


View Profile
May 07, 2013, 12:07:03 PM
 #5298

lunarboy
Hero Member
*****
Offline Offline

Activity: 544
Merit: 500



View Profile
May 07, 2013, 12:16:06 PM
 #5299

big sell Grin

ahh only 600
Hawker
Legendary
*
Offline Offline

Activity: 1218
Merit: 1001



View Profile
May 07, 2013, 12:18:44 PM
 #5300

big sell Grin

ahh only 600

No it was around 1300.  All at under 106 when the price had been 108 or so. 
Pages: « 1 ... 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 [265] 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 ... 33810 »
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!