dropt
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Activity: 1512
Merit: 1000
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July 05, 2014, 05:58:30 AM |
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IMO, if we don't test support tonight we never will, we'll bounce off the launch pad once or twice, break resistance, break away to new highs, top out in the low mid 700's, this level should prove to have very little resistance ( most bears think 680-660 is the "top" so they are selling here and now ) price will quiclky melt up into the low mid 800's the next spot where bears lay down some futile resistance.
I'm curious--what basis are you using for your prediction? Strictly technical? There seems to be an awful lot of supply above 660, and no one seems to want to buy up there. If we can break 700, I think we go much higher after that, but getting there in the near future looks challenging. 700 is no different than 600. It's going to be the same uphill battle. |
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ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 05, 2014, 06:00:30 AM |
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BTCfan1
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July 05, 2014, 06:12:26 AM |
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wow down we go
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SirChiko
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Activity: 966
Merit: 1000
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July 05, 2014, 06:16:32 AM |
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wow down we go
I doubt we will go under 600$ if so then was this just almost week pump and dump? |
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keithers
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Activity: 1456
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This is the land of wolves now & you're not a wolf
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July 05, 2014, 06:30:09 AM |
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wow down we go
I don't see us really falling too low...there isn't really any reason for a sell of right now. The auction results actually turned out to be strong since the winner is using it for liquidity for his business. He didn't mention an intention of any of them seeing the open market any time soon... |
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freedomno1
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Activity: 1848
Merit: 1096
Learning the troll avoidance button :)
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July 05, 2014, 06:36:06 AM |
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wow down we go
I don't see us really falling too low...there isn't really any reason for a sell of right now. The auction results actually turned out to be strong since the winner is using it for liquidity for his business. He didn't mention an intention of any of them seeing the open market any time soon... There are a lot of eyes on that bitcoin address so no need to worry about it unless it moves to a known exchange I think he needed the capital for releasing atms in the USA though |
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Parazyd
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July 05, 2014, 06:50:29 AM |
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Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.
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ChartBuddy
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July 05, 2014, 07:00:31 AM |
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Searing
Copper Member
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Activity: 2898
Merit: 1465
Clueless!
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July 05, 2014, 07:05:08 AM |
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wow down we go
I don't see us really falling too low...there isn't really any reason for a sell of right now. The auction results actually turned out to be strong since the winner is using it for liquidity for his business. He didn't mention an intention of any of them seeing the open market any time soon... There are a lot of eyes on that bitcoin address so no need to worry about it unless it moves to a known exchange I think he needed the capital for releasing atms in the USA though heh good thing it is not me who won the auction i'd move it around to vanity addresses named stuff wtf screw this in comments "so she divorced me huh wants 1/2 my btc huh...i'll show the 'bit*ch* and drive btc into the teens" boy the fun a person could have just moving the coin around from address to arddress and using comments  Searing (bruahahaha 'evil laugh #3') |
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keithers
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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July 05, 2014, 07:21:19 AM |
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Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.
No way you are really dreaming about btc? Too much crypto for you  |
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BTCfan1
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July 05, 2014, 07:29:38 AM |
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wow down we go
I don't see us really falling too low...there isn't really any reason for a sell of right now. The auction results actually turned out to be strong since the winner is using it for liquidity for his business. He didn't mention an intention of any of them seeing the open market any time soon... This probably isn't a huge deal, but it could be factor for the drop: http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/yeah the eba thing is creating a lot of FUD im noticing, but that usually comes before a rally at least that's how it's been (i.e. china bans, ghash, auction) MOON baby.... |
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indiemax
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July 05, 2014, 07:43:10 AM |
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Risk phamplet from UA. Note last one: E31 Should VC's gain widespread acceptance, central bank as issuer of FC can no longer steer the economy, as the impact of its monetary measures become difficult to predict. I think that quote says it all, they are scared shitless Expect any disruption possible or draconian legislation in the swap from a banking system that doesn't work to one that can |
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RoadStress
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Activity: 1904
Merit: 1007
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July 05, 2014, 07:58:22 AM |
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What about miners paying power bills?
If someone could be so kind as to find out what KnC and Bitfury/MBP/CEX/GHASH.IO are doing with their mined coins, I'd love to know. And by find I out, I mean actually find out, not this OTC sales wishy washy bullshit I keep hearing. KnC stated that they sell all the mined coins. As for Bitfury I don't know, but they just got a 20M$ investment so I'm thinking that they don't need to exchange mined coins to pay for power+expanding for a while. |
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ChartBuddy
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Activity: 2660
Merit: 2364
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July 05, 2014, 08:00:30 AM |
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rpietila
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July 05, 2014, 08:13:19 AM |
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700 is no different than 600. It's going to be the same uphill battle.
It will last the time it lasts. When it is over, it is over. And then the fun begins. Don't sell now. But especially don't sell between 800->3000: that is a complete waste of money in a situation where there is no way except going up several times in a matter of weeks. |
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molecular
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July 05, 2014, 08:37:40 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
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chriswilmer
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Activity: 1008
Merit: 1000
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July 05, 2014, 09:00:07 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 05, 2014, 09:00:30 AM |
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medialab101
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July 05, 2014, 09:02:11 AM |
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bfxdata.com shows USD swaps just jumped by 1.5 million to 30.5 million
best swap offer now 0.4475 %/day
Beginner question: does this mean that it's now expensive to go long? Yes. And it means that a lot of traders on Finex are either a crazy gamblers or super bullish on BTC. Or more likely both. |
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