Bitcoin Forum
February 19, 2020, 07:24:55 AM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Is this the last time we see sub-$10K?
Yes - 26 (44.8%)
No - 32 (55.2%)
Total Voters: 58

Pages: « 1 ... 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 [480] 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 ... 26072 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21528453 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. (142 posts by 32 users deleted.)
Its About Sharing
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000


Antifragile


View Profile
May 19, 2013, 07:27:12 PM
 #9581

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :




it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.



Well, this early in BTC's progress, it pretty much is all speculation, no? And at the same time fairly good size amounts investments and $$$ are coming in. Pretty big and well respected VC's are saying BTC is HUGE. There are hundreds of millions of $$$ to be saved by using BTC over paypal, visa, mc, ae, western union, etc. The list goes on and on, and I guess you can say speculation, but that is like saying AOL at $5 a share was speculation. It was and so what? The writing was/is on the wall, can read it?
1582097095
Hero Member
*
Offline Offline

Posts: 1582097095

View Profile Personal Message (Offline)

Ignore
1582097095
Reply with quote  #2

1582097095
Report to moderator
1582097095
Hero Member
*
Offline Offline

Posts: 1582097095

View Profile Personal Message (Offline)

Ignore
1582097095
Reply with quote  #2

1582097095
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1582097095
Hero Member
*
Offline Offline

Posts: 1582097095

View Profile Personal Message (Offline)

Ignore
1582097095
Reply with quote  #2

1582097095
Report to moderator
1582097095
Hero Member
*
Offline Offline

Posts: 1582097095

View Profile Personal Message (Offline)

Ignore
1582097095
Reply with quote  #2

1582097095
Report to moderator
samson
Legendary
*
Offline Offline

Activity: 1764
Merit: 1018


View Profile
May 19, 2013, 07:30:18 PM
 #9582

That's because the recent price rises are purely speculative and will run out of steam.

Gee, so sure of yourself.

At least use "it might".

It's a speculation post in the speculation forum so 'it might' is kind of implied in all posts as nobody can tell what is going to happen before it's happened.

If a new rally starts on Tuesday I'll jump aboard as well but I still think it's going down much lower in the long run.
lysr
Member
**
Offline Offline

Activity: 161
Merit: 11



View Profile
May 19, 2013, 07:37:31 PM
 #9583

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help Smiley
We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.


so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ?Tongue (learning Smiley )
We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.
Its About Sharing
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000


Antifragile


View Profile
May 19, 2013, 07:51:15 PM
 #9584

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help Smiley
We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.


so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ?Tongue (learning Smiley )
We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 19, 2013, 08:02:17 PM
 #9585

TheKoziTwo
Legendary
*
Offline Offline

Activity: 1549
Merit: 1021



View Profile
May 19, 2013, 08:02:51 PM
 #9586

11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap
Dumbastronaut
Member
**
Offline Offline

Activity: 70
Merit: 10



View Profile
May 19, 2013, 08:03:51 PM
 #9587

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help Smiley
We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.


so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ?Tongue (learning Smiley )
We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink

+1

hubbabubbabaker
Member
**
Offline Offline

Activity: 98
Merit: 10


Sometimes - history needs a push.


View Profile
May 19, 2013, 08:07:24 PM
 #9588

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink

Frozenlock
Sr. Member
****
Offline Offline

Activity: 434
Merit: 250



View Profile
May 19, 2013, 08:15:33 PM
 #9589

Richy_T
Legendary
*
Offline Offline

Activity: 1358
Merit: 1003


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
May 19, 2013, 08:18:24 PM
 #9590

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help Smiley

Mediocre rise, possibly masked by noise?
oda.krell
Legendary
*
Offline Offline

Activity: 1470
Merit: 1007



View Profile
May 19, 2013, 08:24:39 PM
 #9591

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :




it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.





Seriously? We are still doing this silly Google Trends thing?

Alright, if that's how we play it:




Quick, sell every last Euro you own!!!






cedivad
Legendary
*
Offline Offline

Activity: 1176
Merit: 1001



View Profile
May 19, 2013, 08:28:12 PM
 #9592

Actually, the google trends is a good indicator. As of now, we are still above the searches per day we did when we first reached 100$ (1th of April), and the price is stable above 100$.
That, IMO, is a healthy indicator.
relm9
Hero Member
*****
Offline Offline

Activity: 840
Merit: 1000



View Profile
May 19, 2013, 08:32:51 PM
 #9593

I don't think you can extrapolate any rise or fall in price from Google Trends. When someone hears about something for the first time, of course their first instinct will be to scour the internet for information, after that you don't go around searching it daily.
niothor
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
May 19, 2013, 08:33:59 PM
 #9594


$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink

You know  the problem?  That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.
Its About Sharing
Legendary
*
Offline Offline

Activity: 1428
Merit: 1000


Antifragile


View Profile
May 19, 2013, 08:42:02 PM
 #9595


$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink

You know  the problem?  That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.

A currency not used is essentially a useless currency - at least when one considers what BTC is about.

Anyway, with the (current) 100,000,000 bits per BTC, it doesn't require many to be in circulation for it to be effective. We have near infinite divisibility (can increase) of each of the 11 million BTC units (not infinitely printable like current central banks and Quantitative easing - yuck! Think about that... Use it or lose it I would say though. It should not be about hoarding. We are early on in the movement though so things will change here as we go forward. Further the mentality of the average BTC user is not about power and fame. This is a morally found movement about change. Don't cheapen the argument here.

We are taking part in the largest social experiment in our history. And you know the answer? eheeh, come on...    We are all sitting in the front row and watching with our eyes wide open...  Wink
Richy_T
Legendary
*
Offline Offline

Activity: 1358
Merit: 1003


1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k


View Profile
May 19, 2013, 08:42:18 PM
 #9596

Comprehend this Cheesy

crumbcake
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
May 19, 2013, 08:44:27 PM
 #9597


$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  Wink

You know  the problem?  That the number of actual bitcoins transactions is going down, volume is doing the same and the number of users paying/buying in bitcoins is becoming quickly the same as oct-dec 2012.

The way I see things we're gonna end with a highly valuable bitcoin that nobody uses but it is worth millions because of the things it CAN do.

I wonder if perpetual bulls find Pascal's Wager convincing... 
crumbcake
Newbie
*
Offline Offline

Activity: 42
Merit: 0



View Profile
May 19, 2013, 08:45:18 PM
 #9598


PLZ make it strobe!!
batcoin
Full Member
***
Offline Offline

Activity: 238
Merit: 100


In Gord We Trust


View Profile
May 19, 2013, 08:48:36 PM
 #9599

Comprehend this Cheesy



BFL output?
niothor
Hero Member
*****
Offline Offline

Activity: 784
Merit: 500



View Profile
May 19, 2013, 08:48:48 PM
 #9600

It should not be about hoarding.

That's my point also , but I bet 99% think (and do) otherwise.
Pages: « 1 ... 430 431 432 433 434 435 436 437 438 439 440 441 442 443 444 445 446 447 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 463 464 465 466 467 468 469 470 471 472 473 474 475 476 477 478 479 [480] 481 482 483 484 485 486 487 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 506 507 508 509 510 511 512 513 514 515 516 517 518 519 520 521 522 523 524 525 526 527 528 529 530 ... 26072 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!