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Author Topic: Opening predictions  (Read 1816 times)
DrYe5
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June 26, 2011, 03:51:20 AM
 #1

Will the 24 hours after Mt. Gox opens look like the 24 hours before it opened on Tradehill?

Some Charts of Interest

Facts:
Money doesn't transfer fast enough to pull cash out of Mt. Gox and into another exchange.

Until Mt. Gox opened, the majority of the trading bitcoins were frozen assets without absolute guarantee of return.

Only 100 BTC per account could possibly have been moved to tradehill for liquidation.

The ratio of buyers to sellers on TH favored sellers by a significant margin.

Unlike before this happened, everyone knows the largest bitcoin exchange is currently run by two dudes in Japan who are arguably unprofessional, to say the least.

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DrYe5
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June 26, 2011, 02:38:38 PM
 #2

Prepare for retesting of lows at $12 - $10 - or even $8. Lots of technical resistance at $8 and wealthy supporters should defend there.

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June 26, 2011, 02:57:01 PM
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many people trying to dumb the price down last couple of days

we'll see how it goes...
DrYe5
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June 26, 2011, 02:59:11 PM
 #4

many people trying to dumb the price down last couple of days

we'll see how it goes...

I'm not sure what you mean. Could you phrase that as a sentence?

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June 26, 2011, 03:06:52 PM
 #5

I see $19 a few hours after it opens.

DO IT
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June 26, 2011, 03:10:51 PM
 #6

many people trying to dumb the price down last couple of days

we'll see how it goes...

I'm not sure what you mean. Could you phrase that as a sentence?

re-phrasing: speculators will speculate.



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June 26, 2011, 03:11:25 PM
 #7

ooo I predict 0.01 to 30 all in one day
marvinmartian
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June 26, 2011, 03:13:07 PM
 #8

Opening predictions are highly speculative at best.

What we need is for the price to go back somewhat in line with difficulty level (which just rose more than 50%) plus some minor variation of course to allow for good and healthy trading ranges.

So if it doesn't stabilize somewhere between $15-$20 it's a bad thing bitconomically speaking.

"... and the geeks shall inherit the earth."
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June 26, 2011, 03:19:39 PM
 #9

http://www.homebrew.com/articles/images2/carson.jpg


The Swami predicts..................



MySQL error

Send tips to: 16rjFFHWbezwsprZtiJEHuAcxjPjyCNBnz
DrYe5
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June 26, 2011, 03:24:17 PM
 #10




The Swami predicts..................



MySQL error

please retry later

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marvinmartian
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June 26, 2011, 03:29:55 PM
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The Swami predicts..................



MySQL error

MySQL ... really?  Wow.  Glad to see they've invested in some high performance, rock solid, database technology.

"... and the geeks shall inherit the earth."
DrYe5
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June 26, 2011, 03:47:39 PM
 #12

If Mt. Gox fails to open trading we can expect another round of 100 BTC sell-offs on TH.

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June 26, 2011, 04:28:58 PM
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What we need is for the price to go back somewhat in line with difficulty level

Only if the community wants payments to keep processing in the network.

Speculators and regular people couldn't care less about the difficulty of generating blocks and the expenses involved.
They just want bitcoins.

If they panic or refuse to buy at a certain price point then the price wont go up, simple as that.

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marvinmartian
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June 26, 2011, 04:32:24 PM
 #14

What we need is for the price to go back somewhat in line with difficulty level

Only if the community wants payments to keep processing in the network.

Speculators and regular people couldn't care less about the difficulty of generating blocks and the expenses involved.
They just want bitcoins.

If they panic or refuse to buy at a certain price point then the price wont go up, simple as that.

I contend that a decent number of speculators are also miners at this stage of the game.  If you have $10k to set up a rig, you have $10k to speculate.

"... and the geeks shall inherit the earth."
marvinmartian
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June 26, 2011, 04:51:20 PM
 #15

Oh, and I change my opening prediction to:

   Mt. Gox will NOT open today.

So the opening price will remain at $0.

"... and the geeks shall inherit the earth."
S3052
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June 26, 2011, 05:20:00 PM
 #16

When will it open , finally?

>15years analysis experience

Always do your own due diligence & consult your financial advisor. Never invest unless you can afford to lose your entire investment.

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