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fonzie
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June 05, 2014, 11:26:15 AM |
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So what is the direction short term ?
What are technical indicators saying ?
Are we building a new floor ?
We are building the roof on our little house right now. |
"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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10c
Full Member
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Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
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June 05, 2014, 11:32:37 AM |
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So what is the direction short term ?
What are technical indicators saying ?
Are we building a new floor ?
We are building the roof on our little house right now. nah not a roof... A launch platform  |
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orinoco
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Activity: 81
Merit: 10
<3 big picture
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June 05, 2014, 01:18:52 PM |
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I'd rather build my own Fort Knox instead of trusting the owners of the real Knox. I don't want to get knox'd
Then it'll be time to start a gold-storage and trading company.. you could call it.. Fort Gox <rimshot> |
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kehtolo
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June 05, 2014, 01:57:41 PM |
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I'd rather build my own Fort Knox instead of trusting the owners of the real Knox. I don't want to get knox'd
Then it'll be time to start a gold-storage and trading company.. you could call it.. Fort Gox <rimshot> Or just Ft.Gox for short.. |
The next 24 hours are critical!
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MahaRamana
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June 05, 2014, 02:27:10 PM |
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I'd rather build my own Fort Knox instead of trusting the owners of the real Knox. I don't want to get knox'd
Then it'll be time to start a gold-storage and trading company.. you could call it.. Fort Gox <rimshot> Or just Ft.Gox for short.. I would try Fart Gnox. Karpeles might be up for it. |
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MahaRamana
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June 05, 2014, 02:33:35 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
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Todorius
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June 05, 2014, 02:38:52 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
I would even go as far as to say that this is ULTRA BULLISH !!!! CCMF !!!!!!1 |
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kehtolo
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June 05, 2014, 02:38:55 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
and then have e-bay coin or something.. would be great if it was bitcoin.. and honestly speaking.. do you see a better alternative out there?? |
The next 24 hours are critical!
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MahaRamana
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June 05, 2014, 02:43:14 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
and then have e-bay coin or something.. would be great if it was bitcoin.. and honestly speaking.. do you see a better alternative out there?? Why would ebay want to launch a new P2P blockchain ? I don't see how it could make sense for them. |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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June 05, 2014, 02:48:10 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
and then have e-bay coin or something.. would be great if it was bitcoin.. and honestly speaking.. do you see a better alternative out there?? Why would ebay want to launch a new P2P blockchain ? I don't see how it could make sense for them. Yeah, this. Also, why would the CEO say that he actually owns bitcoin, but then only integrate something else into PayPal? Wouldn't make sense. |
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kehtolo
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June 05, 2014, 02:50:26 PM |
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CEO of Ebay says : " at PayPal, we’re going to have to integrate digital currencies into our wallet"
I think that's a pretty bullish comment.
and then have e-bay coin or something.. would be great if it was bitcoin.. and honestly speaking.. do you see a better alternative out there?? Why would ebay want to launch a new P2P blockchain ? I don't see how it could make sense for them. Nah, you're right, neither do i! haha.. i was being cynical i guess. They would need to use and already established crypto.. it doesn't imply that this will 100% be bitcoin, but it is THE most already established one out there. |
The next 24 hours are critical!
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xxnewbiecoinerxx
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Activity: 68
Merit: 10
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June 05, 2014, 03:02:36 PM
Last edit: June 05, 2014, 06:42:02 PM by xxnewbiecoinerxx |
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Risto, how does this all MtGox scam affect the trendline and price predictions? How Bots Manipulated The Price Of Bitcoin Through "Massive Fraudulent Trading Activity" At MtGox http://www.zerohedge.com/node/488930 |
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Asrael999
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June 05, 2014, 03:05:42 PM |
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quick post a story from 26th May, no one will notice. |
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zimmah
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Activity: 1106
Merit: 1005
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June 05, 2014, 11:33:51 PM |
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quick post a story from 26th May, no one will notice. Did you hear mt gox actually collapsed? By the way we reached an all time high of 266 a while ago |
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eat_more_fruit
Newbie
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Activity: 25
Merit: 0
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June 07, 2014, 03:32:19 AM |
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how does this all MtGox scam affect the trendline and price predictions?
News do not immediately affect a long-term trend line. Eventually their effect, if any, gets absorbed into the trend line, which may be periodically recalculated for better fit (i.e. higher correlation coefficient). |
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Todorius
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June 10, 2014, 08:56:25 AM |
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It looks like history does like to repeat itself again.
Feels a lot like September 2013. Back then, we had a stable 120 for 5-6 weeks and then lift-off.
It could very well be, that we'll have the same at 650. Stable for another 4 weeks, and then lift-off towards new highs.
Ok, we'd be a bit too late for the ATH, a month or so, but then again the deflation of this bubble took longer, which explains the delay.
I think the breakout will come suddenly and violently, none expecting it, same as last year. Then we'll move pretty fast upwards, 2 months later being at the 4-6$/mBTC range.
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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June 10, 2014, 09:26:34 AM |
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It looks like history does like to repeat itself again.
Feels a lot like September 2013. Back then, we had a stable 120 for 5-6 weeks and then lift-off.
It could very well be, that we'll have the same at 650. Stable for another 4 weeks, and then lift-off towards new highs.
Ok, we'd be a bit too late for the ATH, a month or so, but then again the deflation of this bubble took longer, which explains the delay.
I think the breakout will come suddenly and violently, none expecting it, same as last year. Then we'll move pretty fast upwards, 2 months later being at the 4-6$/mBTC range.
I think we need to compare the current price range (640-660) with the 95 USD range back then. We will probably see a new rally with a conslidation around 800 USD (which will compare to the 120-130 USD in september). After that, we could see a short rally above 1000 USD followed by a small crash towards 950 USD or something (just below 1000 USD). (compare to the rally 130 -> 206 and crash towards 156 USD). After that crash, we are ready to rally again towards 3000, 4000, 5000 who knows?  |
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Todorius
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June 10, 2014, 09:32:16 AM |
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It looks like history does like to repeat itself again.
Feels a lot like September 2013. Back then, we had a stable 120 for 5-6 weeks and then lift-off.
It could very well be, that we'll have the same at 650. Stable for another 4 weeks, and then lift-off towards new highs.
Ok, we'd be a bit too late for the ATH, a month or so, but then again the deflation of this bubble took longer, which explains the delay.
I think the breakout will come suddenly and violently, none expecting it, same as last year. Then we'll move pretty fast upwards, 2 months later being at the 4-6$/mBTC range.
I think we need to compare the current price range (640-660) with the 95 USD range back then. We will probably see a new rally with a conslidation around 800 USD (which will compare to the 120-130 USD in september). After that, we could see a short rally above 1000 USD followed by a small crash towards 950 USD or something (just below 1000 USD). (compare to the rally 130 -> 206 and crash towards 156 USD). After that crash, we are ready to rally again towards 3000, 4000, 5000 who knows? A consolidation at 800 sure would be nice. The higher the launchpad, the higher the rocket will go  Your prediction makes also sense. It will be interesting either way  |
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DieJohnny
Legendary
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Activity: 1639
Merit: 1004
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June 10, 2014, 09:41:08 AM |
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After that, we could see a short rally above 1000 USD followed by a small crash towards 950 USD or something (just below 1000 USD). (compare to the rally 130 -> 206 and crash towards 156 USD). After that crash, we are ready to rally again towards 3000, 4000, 5000 who knows? 206 to 156 is 25% not 5% I think we are at this step right now, last of weak hands are gonna sell soon, we dip below 500, then off too 2000-2500. |
Those who hold and those who are without property have ever formed distinct interests in society
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Todorius
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June 10, 2014, 09:44:04 AM |
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After that, we could see a short rally above 1000 USD followed by a small crash towards 950 USD or something (just below 1000 USD). (compare to the rally 130 -> 206 and crash towards 156 USD). After that crash, we are ready to rally again towards 3000, 4000, 5000 who knows? 206 to 156 is 25% not 5% I think we are at this step right now, last of weak hands are gonna sell soon, we dip below 500, then off too 2000-2500. And that is a very conservative estimate. 0.4 units above the log trendline, as was the case during the last bubbles, would put us at least at 4000 right now, maybe more like 5000. But of course, every bubble is different. Still, 2000-2500 feels pretty low. |
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