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EuroTrash (OP)
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January 14, 2014, 04:18:26 PM |
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Blast from the past  |
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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January 14, 2014, 05:28:56 PM |
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And next peak is $7000, then correction to $5000 which becomes the new $820  |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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January 14, 2014, 05:47:01 PM |
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Getting a bit cheeky, huh? :D
I agree that ~800 (bitstamp) is a focal price point. But I also see us in a similar spot as 6 days ago. When we finally broke upwards on Jan 10, it was about as weak as it could get. Now we're back at the 800 level, and to me at least it looks slightly more likely that it's going to resolve downwards this time. That's not a firm conviction though, just based on two trends I keep an eye on that we're touching now and didn't touch 6 days ago, and based on the total exhaustion of volume.
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MatTheCat
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January 14, 2014, 05:55:11 PM |
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Blast from the past Sounds a bit like projection of wish fulfilment to me. |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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January 14, 2014, 06:11:33 PM |
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I kind of agree that we will be hovering around the $800/coin area for a little while. I think it will range from like $775-$850 for some time, unless some major news comes out that makes people jump in either direction.
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BitchicksHusband
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January 14, 2014, 06:24:49 PM |
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The cost of mining has gone down and people are still paying off their Christmas credit card bills so January is likely to be a little slow. Once people start getting their tax returns in the US, we're likely to see another March/April run.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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January 14, 2014, 06:29:34 PM |
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The OP thinks of September 2013, I think of late April 2013.
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Sometimes, if it looks too bullish, it's actually bearish
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EuroTrash (OP)
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January 14, 2014, 07:01:51 PM |
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The OP thinks of September 2013
You seem pretty confident. |
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BreathOfZen
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January 14, 2014, 07:40:07 PM |
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November's drama aside, hasn't the norm for Bitcoin been a gradual ascent with periods of stasis?
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Aoeui Artifacts
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isov
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January 14, 2014, 07:44:47 PM |
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When do people get those tax refunds or whatever you call them in US? How big those usually are for normal people? In my country they are paid in early december and range something like 300-3000€ usually.
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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January 14, 2014, 07:45:39 PM |
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I'm betting on an April rally  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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segeln
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January 14, 2014, 07:58:48 PM |
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When do people get those tax refunds Mid- to end-Februar |
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traderCJ
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January 14, 2014, 08:01:20 PM |
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Several things are suppressing the price, in my opinion. Briefly:
1) More bad news expected from China.
2) As much as people want to shrug off mining centralization concerns, it is a problem which Bitcoin will eventually have to decisively confront. Ghash reminded us of this.
3) Regular people are still having a hard time getting Bitcoin. If they can't buy it with a credit card online, they are puzzled.
4) Merchant adoption is great, but it is simply encouraging holders to liquidate. Currency outflow > inflow implies a price drop. The inflow isn't as high as it should be due to 3). I'm guessing holders are slow to replenish their coin because, let's face it, it is difficult to buy something at $800 you once bought at $50. Irrational, yes, but this is reality.
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Kungfucheez
Member
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Activity: 98
Merit: 10
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January 14, 2014, 08:46:29 PM |
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When do people get those tax refunds or whatever you call them in US? How big those usually are for normal people? In my country they are paid in early december and range something like 300-3000€ usually.
Depends on the amount of taxes you paid to the federal government and state government. Tax laws here usually are very complicated and it depends on a wide variety of different factors. We usually get them around February, but the deadline is April 15 to file a return. Could be any amount, from $1 to $100000, and if you don't pay enough you might have to pay them. |
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aminorex
Legendary
Offline
Activity: 1596
Merit: 1029
Sine secretum non libertas
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January 14, 2014, 10:36:10 PM |
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October 15 is the last extension deadline for most taxpayers. Interesting that spikes have occurred in April and November in the past.
After Jan 31 no one will use Huobi as an excuse to stay out.
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Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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hyphymikey
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January 14, 2014, 11:58:09 PM |
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So we will have another dip then? We had that SR dip last time after 130.
If we are going to extrapolate, might as well extrapolate everything.
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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January 15, 2014, 12:58:22 AM
Last edit: January 16, 2014, 02:59:37 AM by Dafar |
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We have been in a CRASH since Nov (when BTC hit ~$1200) and been in a lame ass sideways motion since just like the April crash... we probably have another 3-4 months of this crap. Wake me up when we hit another ATH of $2500 or more
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bassclef
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January 15, 2014, 03:55:19 AM |
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So we will have another dip then? We had that SR dip last time after 130.
If we are going to extrapolate, might as well extrapolate everything.
Nobody really knows anything. Variables infinite. |
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Dafar
Legendary
Offline
Activity: 1330
Merit: 1000
dafar consulting
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January 15, 2014, 04:31:57 AM |
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I got around 7 grand on my tax refund last year, put it all in BTC. I won't get one this year since I have retired..... at age 29.
Did you retire because of your 7 grand investment in BTC? |
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BitcoinAshley
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January 15, 2014, 04:43:41 AM |
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I got around 7 grand on my tax refund last year, put it all in BTC. I won't get one this year since I have retired..... at age 29.
Did you retire because of your 7 grand investment in BTC? If OP bought @ 12 and sold @ 1200 $700,000 plus whatever OP's existing retirement savings are... could be enough to live comfortably for 70 years in some low-cost-of-living expat-friendly countries. |
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