Abandon
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May 17, 2013, 07:31:20 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I think most will try to sell at $125, and most think that it won't go below $120 again, so that's where they are buying. |
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Miz4r
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May 17, 2013, 07:31:26 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
Let the weak hands perish and the strong survive.  |
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samson
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May 17, 2013, 07:31:55 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term. I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold. |
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Abandon
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May 17, 2013, 07:33:23 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term. I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold. Isn't that where you would be better off buying? |
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adamstgBit
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Trusted Bitcoiner
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May 17, 2013, 07:34:37 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term. I'm back in, and I'm not planning on selling any time soon not unless we get massively oversold. Isn't that where you would be better off buying? must be a typo |
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ManBearPig
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May 17, 2013, 07:39:19 PM |
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I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
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Miz4r
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May 17, 2013, 07:41:06 PM |
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I can imagine that quite a few who bought in around $112 will have their fingers hovering over the trigger right about now. Lets hope most have steady hands.
I don't know how many people are in it for the short score. I think most buyers are looking long term. I agree, I think many went long the moment it crossed $120. And more followed when it broke through $125 easily soon after (although we haven't managed to stabilize above it yet). Many see this as a significant trend reversal since the crash from $266 (no more lower highs), the downward trend has been broken and thus we get a positive feedbackloop that reinforces the new trend upwards.  |
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Pzi4nk
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Move over clarinets, I'm getting on the band wagon
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May 17, 2013, 07:42:29 PM |
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I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
ballz! |
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ManBearPig
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May 17, 2013, 07:48:03 PM |
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There's nothing like a decent bit of well-considered speculation argued in an eloquent way.
I guess you're fresh in from the Trollbox?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 17, 2013, 08:01:49 PM |
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molecular
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May 17, 2013, 08:05:13 PM |
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https://www.eff.org/deeplinks/2013/05/eff-will-accept-bitcoins-support-digital-libertyOur research and FinCEN’s guidance removed a key risk to EFF. Both our internal research and the recent report by FinCEN2 have confirmed that, as a user of Bitcoin or any virtual currency, EFF itself is likely not subject to regulation. While some have raised concerns about the FinCEN ruling, and noted that it’s not binding, it did confirm our own analysis of risk to us as a user and reduced our concerns that by accepting Bitcoins EFF risked moving away from its role as a defender of innovators and into the role as a possible defendant. This is extremely good on many levels. The foundations concerns had been a thorn in Bitcoins back. People tend to listen to what they think. Thanks EFF for reconsideration and thank to fincen for guidance. |
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Abandon
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May 17, 2013, 08:11:48 PM |
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I'm putting my neck on the line here: bottom of $118 top of $144 by the end of the weekend :p
I'm not really a predictor bear in mind, more of a summariser of what's gone before.
fair calls for low/high, but what about closing price at the end of the weekend?  I think the price will stay high because of the event this weekend. |
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Coinseeker
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May 17, 2013, 08:14:12 PM |
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Regulation is the best thing that can happen to Bitcoin. It will instantly legitimize it and mass adoption would spread like a wildfire. Let's hope that dosen't happen before we touch double digits again or else I'm going to have to eat crow on my "guarantee".  |
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DougTanner
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May 17, 2013, 08:16:55 PM |
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Looks to me like a triangle forming with $124 as the close.  |
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Kazu
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May 17, 2013, 08:30:55 PM |
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Looks to me like a triangle forming with $124 as the close. Time of convergence? |
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old_engineer
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May 17, 2013, 08:31:27 PM |
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EFF accepting BTC is pretty major. Even though they're careful to distance themselves from endorsing or supporting the currency, this is definitely the first stage to having them as a defender in the case of a legislative assault on Bitcoin.
Kashmir Hill, the journalist that lived off of bitcoin for a week, is friends with several people at EFF. Marcia Hoffman is "senior staff attorney at the Electronic Frontier Foundation" https://twitter.com/kashhill/status/329674086550736897 |
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Abandon
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May 17, 2013, 08:33:05 PM |
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It would be hilarious to see the price take off, right after what appears to be the near end for bitcoin. At least according to the misleading news articles going around. |
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DougTanner
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May 17, 2013, 08:38:10 PM |
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Looks to me like a triangle forming with $124 as the close.
Time of convergence? Looks like about 2-3 hours to me, but it could always break out sooner. I'm just observing what's happening, not really making predictions. |
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ElectricMucus
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Marketing manager - GO MP
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May 17, 2013, 08:42:04 PM |
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Has anybody else noticed the ultra short term inverse relationship between mtgox <-> btce?
When gox goes up btce goes down and verse visa.
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Abandon
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May 17, 2013, 08:46:21 PM
Last edit: May 17, 2013, 08:57:19 PM by Abandon |
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Has anybody else noticed the ultra short term inverse relationship between mtgox <-> btce?
When gox goes up btce goes down and verse visa.
I'm not sure exactly why, but it might be because they are more difficult to fund. They do have a lot of alt crypto-currencies, which can take away from what would normally be put into BTC. There's also the investors mentality, some exchanges have more bears than others. Perhaps there is something to do with the limited supply and demand as well. |
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