Abandon
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June 08, 2013, 07:08:13 PM
Last edit: June 08, 2013, 07:31:07 PM by Abandon |
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sarc
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Activity: 98
Merit: 10
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June 08, 2013, 07:12:27 PM |
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was 1.96 mill to 104 earlier, after going down 1.75(ish), it's now back up a bit to 1.8 mill...
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CurbsideProphet
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June 08, 2013, 07:17:02 PM |
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The walls at 105-106 remain consistent but more noteably, the wall at 100 has not budged. If we rip through 100, panic will probably set in and who knows where it stops. But much like after the Dwolla news, there was tons of momentum heading into 100 and it just stopped. If I'm betting and I am, I say we're going into double digits some time next week but, there is the possibility that we could bounce off 100 and see a rise back up to the 110-115 range. It's possible.
I think it will bounce, I don't see it going straight through $100. That level will have to be tested once or twice at least. |
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Rampion
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Activity: 1148
Merit: 1018
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June 08, 2013, 07:21:42 PM |
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Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
Second. I refuse to undestand how some of you can preach is a store of value when you expect it's value to halve in one- two weeks time.
Because "store of value" doesn't mean "get rich quick". Two weeks, three months mean nothing in the grand scheme of things. Just think that 1btc was worth $0.079 in may 2010, $2 in November 2011 and $10ish in 2012. If we close 2013 at $40ish, BTC will have worked as an excellent store of value for me. It's the best I know. If you don't see it, then you are just short sighted. Maybe you wish to buy today at $100 and sell at $200 in one months. Well, wake up. That's not how it works. Stores of value are for the long term, especially if they are commodity like and thus prone to volatility and manipulation. Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck? Ah, now i finally understand your attitude. It's all about you. Just because you bought quite cheap everybody who didn't still has to understand how it's amazingly good it is if Bitcoin ends this year at 40 bucks. And if we don't see it we are short sighted. No, it's not "about me", if this was "only about me" I could be bitter and angry because my "btc value" decreased by 50% since April, 10th. Just do not expect btc to always go up in both mid and short term, especially not after a bubble burst. Because is nonsense. Night is dark, there's no surprise and is expected. On the contrary, expect BTC to go UP in the long term (years) - as it always did. There's nothing to worry about, really. Bubbles need to burst all the way down. |
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Rampion
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Activity: 1148
Merit: 1018
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June 08, 2013, 07:24:34 PM |
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Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck?
No, but we are in for the buck and that's got a lot more problematic from when you committed to BTC. So what are newbies to do? I believe in BTC in the same way I believe in IP4 - the internet learned how to do "money" - big news, and I'm late to the game. Since only a lunatic would bet against the internet I'd like to put my money where my tech is, but just at the moment it's a suckers market - so beyond all the bulls and bears nonsense - how do we proceed? I've clocked your buying advice and I'm following Goomboo and Slipperyslope because I'd like to be part of this without getting butt-fucked - but Bitcoin's got an insurmountable problem as a "freedom" protocol if the price for entry is pwnage. I would wait to enter. And enter gradually. I'm doing that for a couple of friends, waiting and then I will spread the buys among different prices. Pwnage is what the guys that cashed out for good during or after the 2011 bubble got. |
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N12
Donator
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Activity: 1610
Merit: 1010
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June 08, 2013, 07:28:45 PM |
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I agree with Rampion. When you look at the registration date of all those crying about manipulators or that Bitcoin will "die" when it goes back to more sustainable price levels, you'll see that usually they came on board March 2013 or so. Again, look up a price chart of 2011. It went from 32 to 2.
Having seen actual manipulation in the Bitcoin market with 30-50k bid/ask walls, I can tell you that it's probably the least manipulated it ever was because it has grown so large, and actually most of the times, large orders aren't fake and are filled.
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KS
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June 08, 2013, 07:40:36 PM
Last edit: June 08, 2013, 08:13:26 PM by KS |
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Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
Second. I refuse to undestand how some of you can preach is a store of value when you expect it's value to halve in one- two weeks time.
Because "store of value" doesn't mean "get rich quick". Two weeks, three months mean nothing in the grand scheme of things. Just think that 1btc was worth $0.079 in may 2010, $2 in November 2011 and $10ish in 2012. If we close 2013 at $40ish, BTC will have worked as an excellent store of value for me. It's the best I know. If you don't see it, then you are just short sighted. Maybe you wish to buy today at $100 and sell at $200 in one months. Well, wake up. That's not how it works. Stores of value are for the long term, especially if they are commodity like and thus prone to volatility and manipulation. Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck? Ah, now i finally understand your attitude. It's all about you. Just because you bought quite cheap everybody who didn't still has to understand how it's amazingly good it is if Bitcoin ends this year at 40 bucks. And if we don't see it we are short sighted. No, it's not "about me", if this was "only about me" I could be bitter and angry because my "btc value" decreased by 50% since April, 10th. Just do not expect btc to always go up in both mid and short term, especially not after a bubble burst. Because is nonsense. Night is dark, there's no surprise and is expected. On the contrary, expect BTC to go UP in the long term (years) - as it always did. There's nothing to worry about, really. Bubbles need to burst all the way down. To manipulate your numbers a bit, the trend from 2010 to 2013 could mean a 25$ BTC in 2013. 0.079 x 20 x 5 x 1.25 ≃ 25$ 2010 2011 2012 2013 It probably has a worse reliability than the back'o napkin analysis but you can make it fit the 1.42% growth "theory" (or sth %) edit: you obviously need to tweak the initial value and timing for the multipliers, but... |
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Abandon
Member
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Activity: 112
Merit: 10
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June 08, 2013, 07:53:06 PM |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 08, 2013, 08:01:06 PM |
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phoenix1
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June 08, 2013, 08:11:54 PM |
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Fake ... as the last poster points out the 'email' is dated Saturday 9th June 2013 ... today is Saturday 8th June
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fr33d0miz3r
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June 08, 2013, 08:12:53 PM |
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Fake ... as the last poster points out it is dated Saturday 9th June 2013 ... today is Saturday 8th June
And IP address can't contain "523" (255 max) |
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Jozzaboy
Member
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Activity: 98
Merit: 10
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June 08, 2013, 08:14:25 PM |
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Beginner level FUD. No worries though, cheaper coins for those who didn't fall for it. It was only a day ago that someone posted a PDF that MTGox would be ramping up with a new engine and accepting LTC. |
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bobboooiie
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June 08, 2013, 08:14:26 PM |
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Do you really need to wonder about such a poorly executed hoax ? |
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phoenix1
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June 08, 2013, 08:16:11 PM |
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So are we back in rally mode then  |
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ShroomsKit
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June 08, 2013, 08:20:11 PM |
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Fake ... as the last poster points out the 'email' is dated Saturday 9th June 2013 ... today is Saturday 8th June
Ok thanks |
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ShroomsKit
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June 08, 2013, 08:20:40 PM |
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Do you really need to wonder about such a poorly executed hoax ? Yes. |
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sarc
Member
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Activity: 98
Merit: 10
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June 08, 2013, 08:24:28 PM |
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I agree with Rampion. When you look at the registration date of all those crying about manipulators or that Bitcoin will "die" when it goes back to more sustainable price levels, you'll see that usually they came on board March 2013 or so. Again, look up a price chart of 2011. It went from 32 to 2.
Having seen actual manipulation in the Bitcoin market with 30-50k bid/ask walls, I can tell you that it's probably the least manipulated it ever was because it has grown so large, and actually most of the times, large orders aren't fake and are filled.
Very moderate. Of course, that's not to say folk who haven't been here as long can't have a (good) opinion, or that registration date necessarily corresponds closely with duration of bitcoin awareness. But, I agree about the price drop! |
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ElectricMucus
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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June 08, 2013, 08:44:16 PM |
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Somebody is playing a wall game over at btc-e first it was a buywall at 109 now its an askwall at the same place.
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sarc
Member
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Activity: 98
Merit: 10
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June 08, 2013, 08:50:52 PM |
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Somebody is playing a wall game over at btc-e first it was a buywall at 109 now its an askwall at the same place.
Ha! that's brilliant, seems like there should be a bouncing white dot going between the two walls! |
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