SkRRJyTC
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Merit: 1000
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November 20, 2013, 06:06:23 PM |
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I wonder if there are similarly hilarious bull quotes from me from the past. Too lazy to search. Get on it Kozi. I had a good laugh @ 1k prediction that bruce wagner was throwing around and increased to 10k during the 2011 rally. But with his strategy "buy now, never sell" you'd still be pretty well off today. true. I sold just a little to get some cash. EDIT: I really like the look of the volume on Bistamp. solid, consistent. Thanks BFX
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TheKoziTwo
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November 20, 2013, 06:06:56 PM |
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up uP UP!!
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N12
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November 20, 2013, 06:09:57 PM |
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I do get the feeling a lot of people are mad at me for my habit of expecting the worst. Stop being so full of yourself. Nobody is made at you. People just think you are a total clown. That's all. You are absolutely clueless. And apparently not just about Bitcoin. Wow, and I thought you were the one who never trades Bitcoin and thinks technical analysis cannot give you an edge over the market. What would you know? I do remember you as a perma-butthurt frantically demanding my removal as moderator because I turn bearish sometimes.
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RationalSpeculator
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This bull will try to shake you off. Hold tight!
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November 20, 2013, 06:10:48 PM |
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In Spanish, the words for "inversion" and "investment" are the same. Makes sense, because when making an investment you are giving away your money with no immediate benefit, hoping for more in the future. You are not buying what it is, but what you think it will be.
Interesting! Thanks for sharing.
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YoYa
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November 20, 2013, 06:11:04 PM |
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That was a huge amount of interest in Bitcoin on Reddit and Wiki yesterday compared to previous days/weeks. http://www.reddit.com/r/bitcoin/about/trafficThere must be a lot of money 'in transit' to the exchanges. I'm not so sure this bubble is ready for popping just yet.. Reposting. The time between now and that new interest getting involved is a critical time for market manipulators, it usually takes at least a week for significant effects so between now and then it could be a wild ride. I remember the peak of 32 and those graphs were the same, no doubt myself and a few others were wondering what happened to the expected rally when it failed to materialize. Granted I am more confident this time......however, let's just wait and see.
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Nemesis
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November 20, 2013, 06:11:47 PM |
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wildbud
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November 20, 2013, 06:12:58 PM |
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There has been an insane amount of media coverage today from the rally/crash/Senate hearing
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N12
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November 20, 2013, 06:13:26 PM |
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I remember the same YoYa (in both previous bubbles), all of those media indicators are lagging behind the price. To be honest, I'm not sure why i even bother looking at Google Trends anymore on occasion myself.
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oda.krell
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November 20, 2013, 06:19:17 PM |
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I remember the same YoYa (in both previous bubbles), all of those media indicators are lagging behind the price. To be honest, I'm not sure why i even bother looking at Google Trends anymore on occasion myself.
You know, I personally think you're one of the less uninformed bears :D
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ShroomsKit
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November 20, 2013, 06:23:37 PM |
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Seeing Stamp and Gox closer together feels so much better.
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N12
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November 20, 2013, 06:24:30 PM |
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Interested to know what you guys think (preferably I would like to hear the opinion of those favoring a scenario of an immediate s-curve, economic singularity or whatever you would like to call it) Bitcoin's market cap will likely be in 2016. At MtGox prices, we peaked out at about 10.8 billion so far.
Say it goes up 1000% a year which I believe is viewed as conservative, that would be 100-fold increase and we would have a trillion dollar market cap.
Perhaps a poll?
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Adrian-x
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Merit: 1000
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November 20, 2013, 06:24:52 PM |
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A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Mmmm, I remember the days when I was nearer the top of your distribution list, and thought I could make a quick buck, and then Bitcoin jumped 2 orders of magnitude and became my legendary big fish. I think the panic buying starts in the $1000 range this time around. Please just because I enjoy your contributions, never go all in on fiat always hold a little Bitcoin in reserve.
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rpietila
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November 20, 2013, 06:25:10 PM |
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Bitcoin is appreciating at 1140% per year. The trendline price for November is $328 and December $404. After several months of significantly behind the trend, we did a spectacular overshoot to $1100/$900/$750 across main exchanges. Immediately followed an hourly-term bear market, characterized by (mainly) lower highs and lower lows. We are now 40 hours after the pop.Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it. Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down. In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day. I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max). I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours). I give 75% probability to the scenario. Otherwise the common wisdom does not hold, and 2010 is back.
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wachtwoord
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Merit: 1125
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November 20, 2013, 06:26:10 PM |
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A bull is a person who does not hold fiat.
A bear is a person who holds at least some fiat and wants to return to BTC.
As you can see, I am now a bear. But almost everybody else are bulls. What this means is that you do not have the means to influence price to the upside. Only we do. But we are very few. Also the newbies do. But will they really buy in this kind of situation?
Mmmm, I remember the days when I was nearer the top of your distribution list, and thought I could make a quick buck, and then Bitcoin jumped 2 orders of magnitude and became my legendary big fish. I think the panic buying starts in the $1000 range this time around. Please just because I enjoy your contributions, never go all in on fiat always hold a little Bitcoin in reserve. So you're all out at a $15-$40 price?
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adamstgBit
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Activity: 1904
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Trusted Bitcoiner
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November 20, 2013, 06:27:53 PM |
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stop thinking bitcoin is going XXXXX% a year
this is only happening because it new, and poeple are are still hearing about it for the first time.
we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
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rpietila
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November 20, 2013, 06:29:39 PM |
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we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
With MtGox, Bitstamp, BTCe and BTC China.
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Ivanhoe
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November 20, 2013, 06:30:30 PM |
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Message for all the new lurkers out there: Nobody knows
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adamstgBit
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Trusted Bitcoiner
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November 20, 2013, 06:31:35 PM |
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we will go to 3000$ as fast as we possibly can and then start to rise much more slowly / safely.
With MtGox, Bitstamp, BTCe and BTC China. yes! your not going to make money playing it safe....... PLACE YOUR BETS!
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Davyd05
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November 20, 2013, 06:31:39 PM |
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Bitcoin is appreciating at 1140% per year. The trendline price for November is $328 and December $404. After several months of significantly behind the trend, we did a spectacular overshoot to $1100/$900/$750 across main exchanges. Immediately followed an hourly-term bear market, characterized by (mainly) lower highs and lower lows. We are now 40 hours after the pop.Currently the price is at double the trendtarget. You can stretch a rubber band a lot, but when you release, it starts to contract with force. Force must be applied to reverse the course and stretch it back to 3, 4 or more times the trend. The natural tendency of the rubber band is to contract to the trendline and even 25%-40% below it. Since this bubble developed so rapidly, the trend had no time to catch up or adjust. Therefore, despite my earlier predictions that the next crash bottom will be $500ish (double the pre-bubble ATH), I will have to adjust the downside target to about $300. This is 33% below December trendline, and also higher than the previous ATH, which will act as support. There are currently not many supports between that and the new high. These will be formed as we grind down. In my observation, the forum is overextended and cannot buy the price up. "Others" will act according to time-tested statistical principles (refer to 4/2013 bubble pop for details). There will be a bear market lasting for weeks. Many in this forum will not acknowledge it even after it is over It will not be a huge event, and absolutely nothing to care about if you are a long-term holder. But traders do well to understand that sometimes even fiat has its day. I believe that none of the exchanges surpasses yesterday's high values ($1000/$750/$640) set about 24 hours ago, today or during the remainder of the year, (except Bitstamp at max). I believe that none of the exchanges surpasses the current values ($700/$630/$600) during the rest of the week, (except for the following hours). I give 75% probability to the scenario. Otherwise the common wisdom does not hold, and 2010 is back.are we not already above 600? I was stuck in the buy and hold methodology which is what I am going to stick to, but I am gonna play with 20% of my stack by watching the volume and percentage change. I may sell at 600-620 at cavirtex just to see if it repeats a dip into the 400s overnight. I didn't feel seasoned or prepared enough to have taken advantage of the recent corrections.. would've equated to 1k with the proper call, if not more 650 was my gut high sell point... and my stack is small enough that I could've filled the orders nedeed there and then down in the 400-500 range
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