Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[underground_]

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

If it's anything like 2011, we'll see some buying in anticipation of all the money that we hope is going to show up at mtgox on Tuesday. Then, when nothing happens, more dumps.

[1715328815]

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[1715328815]

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[adamstgBit]

it will be nothing like 2011

[fitty]

it will be nothing like 2011

this

Yeah that's like using Apple's stock price in 1988 to predict movments today. There's TA on this forum who would draw the lines I'm sure.

[underground_]

it will be nothing like 2011

I think people will psychologically react the same way they did then, and as they have with all historical bubbles. But hey, who knows, maybe this time it really is different!

[Richy_T]

We need more bots trading. At least bots don't sleep or take the weekend off.

Fair working rights for bots!

[ChartBuddy]

[Richy_T]

it will be nothing like 2011

this

It'll be like 2001. We'll find a big black obelisk and send a spaceship to Jupiter.

[clone4501]

it will be nothing like 2011

this

It'll be like 2001. We'll find a big black obelisk and send a spaceship to Jupiter.

...with Hal mining bitcoins all along the way.

[rpietila]

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  

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?  

No. August, 22.  

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).

The 10-30% weekly increase in adoption (weekly % growth of the # of bitcoin users)

Where did you get those numbers?

From my hat. I will post some proof later, but the mobile phones example of 1998-1999 is a good primer.

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 

Good stuff is increasingly hard to find even now. I believe silk road will be out of (quality) herb, in about July, 2013.

[seleme]

I believe silk road will be out of (quality) herb, in about July, 2013.

Leave some for the boys man, you're gonna explode  

And that above is wonderful opportunity to organize supernode herb seminar and dealer network. It's going to skyrocket, 100 000 per gram before Christmas 

[rpietila]

I believe silk road will be out of (quality) herb, in about July, 2013.

Leave some for the boys man, you're gonna explode  

And that above is wonderful opportunity to organize supernode herb seminar and dealer network. It's going to skyrocket, 100 000 per gram before Christmas  

I think the best herb will continue to be available about 200-500mBTC per gram in OTC trade. I would not pay more than 1,000mBTC unless I really wanted to have some.

[solex]

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  

I am a perma-bull like you, but you are really overstating the trend!
It is indicating $200 by the end of 2013, $500 by May next year and $1000 at the end of next year. Still fantastic growth  

[Frozenlock]

Going up? 

[Jaroslaw]

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  

I am a perma-bull like you, but you are really overstating the trend!
It is indicating $200 by the end of 2013, $500 by May next year and $1000 at the end of next year. Still fantastic growth  

And over 9000 before Jesus come to judge us.

[HerrDoktor]

Come on stop the stupid lag. This is really killing the fun.....

[xorglub]

Going up? 

So, breaking 100 or bouncing back down ?
1min lag spikes on Gox, but no trades...

[Missionary]

Hourly EMA just crossed upwards for the first time since last high on April 30.

[Frozenlock]

Aaaaaand someone's lagging the trades.  

[favelle75]

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).

[Jaroslaw]

SO long 100$ and so long repetlia money hahaha