N12
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September 20, 2011, 01:50:58 PM |
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Indeed, forget price stability for a few years.
Ideally, Bitcoin will just rally strongly in bursts over time, until it is valued in 3 or 4 digits, when it should get much more stable due to a more mature market. I imagine that Bitcoin will first have to prove its utility as a store of value, and from there can be used as a genuine currency – as unit of account.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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Cluster2k
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September 20, 2011, 01:52:16 PM |
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How many people owned bitcoins in April? How many bought in as the price rose before June? How many people own bitcoins today? How many people will buy in as bitcoin doubles to $8 then $16? The pond gets bigger each rally.
If bitcoin can sustain a long rally then it will naturally attract a lot more speculators and the price will go parabolic. We've seen this before. We know how it ends. People like to say 'it's different this time'. It really isn't. |
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NamelessOne
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September 20, 2011, 01:54:06 PM |
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New high, 6.79! BUY BUY BUY!
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cypherdoc
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September 20, 2011, 01:55:12 PM |
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a few recent bullish factors: squashing of the alt chains, Gavins patches to prevent similar vulnerabilities like DDoS protection and Geist Geld fix, bottoming out in sentiment via selling capitulation, Congressional mention of Bitcoin.
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netrin
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Activity: 322
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FirstBits: 168Bc
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September 20, 2011, 01:55:40 PM |
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Top of the morning, everyone! Awaked to the beautiful ramped price up what 60% or so off the bottom? Love the smell of Burning Bears!
About 30% from this week's low. 40% since 9 Sept. Have we been lower? Anyone worried this puppy just went parabolic? |
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cypherdoc
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September 20, 2011, 01:59:54 PM |
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Top of the morning, everyone! Awaked to the beautiful ramped price up what 60% or so off the bottom? Love the smell of Burning Bears!
About 30% from this week's low. 40% since 9 Sept. Have we been lower? Anyone worried this puppy just went parabolic? 6.62 from 4.18 = 58%. sorry off by 2% no such thing as a parabola at these bombed out levels. |
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N12
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September 20, 2011, 02:01:20 PM |
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a few recent bullish factors: squashing of the alt chains, Gavins patches to prevent similar vulnerabilities like DDoS protection and Geist Geld fix, bottoming out in sentiment via selling capitulation, Congressional mention of Bitcoin.
How about this: http://www.sibos.com/conferencedata/pages/session_details.page?sessionID=session_2455aa96-7a25-4fa3-89eb-f24f8fc0ee16Personally, I’m already up now from where I was when the price was 10$ (where I sold and bought multiple times on the way down), thanks to the bears who donated me coins. Let’s see if this can develop into something bigger. |
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Cluster2k
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September 20, 2011, 02:19:32 PM |
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Grab the popcorn. Price action is beginning to get interesting.
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ArsenShnurkov
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September 20, 2011, 02:30:53 PM |
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Let’s see if this can develop into something bigger. It will not go higher then $7. Dead cat doesn't jump. |
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NamelessOne
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September 20, 2011, 02:32:26 PM |
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Only because manipulator is placing 16000 btc walls at 7. And may have been the same person to drop 10000 btc like 20 minutes ago to make sure it didn't even get there.
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netrin
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FirstBits: 168Bc
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September 20, 2011, 02:34:50 PM |
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We've seen this before. We know how it ends. People like to say 'it's different this time'. It really isn't. Indeed we do; God bless! 6.62 from 4.18 = 58%. sorry off by 2% : my bad (6.62 - 4.18)/4.18 not /6.62. |
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Cluster2k
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September 20, 2011, 03:30:40 PM |
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Only because manipulator is placing 16000 btc walls at 7. And may have been the same person to drop 10000 btc like 20 minutes ago to make sure it didn't even get there.
Someone should teach this manipulator a lesson and barrel $100k+ into that wall to knock it down. That will show him/her/them/it! |
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NamelessOne
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September 20, 2011, 03:31:44 PM |
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That would be very enjoyable.  |
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mute20
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September 20, 2011, 03:55:48 PM |
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Only because manipulator is placing 16000 btc walls at 7. And may have been the same person to drop 10000 btc like 20 minutes ago to make sure it didn't even get there.
Someone should teach this manipulator a lesson and barrel $100k+ into that wall to knock it down. That will show him/her/them/it! I am pretty sure some pretty decent sized walls have already been broken. Just needs to crush some new ones  |
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NamelessOne
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September 20, 2011, 03:58:25 PM |
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Plenty of walls have gone down, but a 16000BTC wall stops a rally instantly. The market wants to go up, but the 'manipulator' probably wants it to go down so he/she/it/they can buy more cheaper again.
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Cluster2k
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September 20, 2011, 03:58:49 PM |
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Only because manipulator is placing 16000 btc walls at 7. And may have been the same person to drop 10000 btc like 20 minutes ago to make sure it didn't even get there.
Someone should teach this manipulator a lesson and barrel $100k+ into that wall to knock it down. That will show him/her/them/it! I am pretty sure some pretty decent sized walls have already been broken. Just needs to crush some new ones "Mr. Gorbachev, tear down this wall!"  |
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ineededausername
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September 20, 2011, 03:59:49 PM |
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Damn, how many rallies has this manipulator stopped/hindered already?
I think they stopped one a few weeks ago by keeping the price at 11.5, and then they stopped this one at 5.64 for a while, but they've probably been doing this for a long time.
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(BFL)^2 < 0
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speeder
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September 20, 2011, 04:00:14 PM |
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Fuck that wall...
I already bought 600 BTC and exausted all my money...
But what are YOU doing? Heh?
Common, if you are sure about the rally, outbuy the walls too! Soon we will see BTC skyrocketing again =D
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▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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NamelessOne
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September 20, 2011, 04:05:44 PM |
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I already did days ago, and more people should as well.
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netrin
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September 20, 2011, 06:30:37 PM |
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what's the opposite of catching a falling knife?
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