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Author Topic: over $3! almost 50% gain in 72 hours!  (Read 6410 times)
El Cabron
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October 22, 2011, 02:50:48 PM
 #1

So, how long until the next 50% up?   Smiley

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
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https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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October 22, 2011, 02:53:14 PM
 #2

buy, buy, buy!!11111

No srsly there is correction from this rally coming up and who knows what it's gonna do from there....

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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October 22, 2011, 02:54:36 PM
 #3

I am now regretting that I did not but at $2 plus, but the funding is so complicated that I gave up Sad .  But the uptrend looks great, not many walls for bitcoin to surmount.
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October 22, 2011, 03:48:47 PM
 #4

Yeah, but... it's still at $3  Undecided

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October 22, 2011, 03:53:42 PM
 #5

I am now regretting that I did not but at $2 plus, but the funding is so complicated that I gave up Sad .  But the uptrend looks great, not many walls for bitcoin to surmount.

Once it starts to stagnate people who have been buying on the way down and are gonna dump and fuel an even harsher crash.  Down below 2 this time.  Rinse and repeat a few times. 

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October 22, 2011, 03:57:42 PM
 #6


Once it starts to stagnate people who have been buying on the way down and are gonna dump and fuel an even harsher crash.  Down below 2 this time.  Rinse and repeat a few times. 

You are forgetting that it's getting quite easy at that rate to buy up everything that's offered.

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October 22, 2011, 04:00:29 PM
 #7


Once it starts to stagnate people who have been buying on the way down and are gonna dump and fuel an even harsher crash.  Down below 2 this time.  Rinse and repeat a few times.  

You are forgetting that it's getting quite easy at that rate to buy up everything that's offered.
If you want some relevant part of the pie you"ll still need 4-5 figures in USD I wouldn't call that easy. And that doesn't even give serious influence on the market, just to play the game as it is being played now.

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October 22, 2011, 04:02:21 PM
 #8

No srsly there is correction from this rally coming up and who knows what it's gonna do from there....

Normally yes, there would be a correction to a rally.  But in this case the rally itself is arguably nothing more than a correction to the downward trend we've experienced over the last 3 months.  I wouldn't care to guess where the price will go from here.
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October 22, 2011, 04:03:14 PM
 #9

The $3 wall: the gift that keeps on giving.  Every time it gets knocked down, it gets right back up!

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October 22, 2011, 04:03:48 PM
 #10

We're not going to make it beyond $3.  Go ahead, watch.
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October 22, 2011, 04:04:13 PM
 #11

No srsly there is correction from this rally coming up and who knows what it's gonna do from there....

Normally yes, there would be a correction to a rally.  But in this case the rally itself is arguably nothing more than a correction to the downward trend we've experienced over the last 3 months.  I wouldn't care to guess where the price will go from here.


Well the gap is a classical reversal pattern but suit yourself.

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October 22, 2011, 04:08:06 PM
 #12

We're not going to make it beyond $3.  Go ahead, watch.
proudhon, if you have abandoned Bitcoin, how come you show more activity than before? Also, what will you do if it does break 3$?

Not that I’m saying you are wrong. This situation reminds me exactly of what happened at 7$.

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October 22, 2011, 04:28:58 PM
 #13

Quote
proudhon, if you have abandoned Bitcoin, how come you show more activity than before?

Just hanging around for the thrilling conclusion.

Quote
Also, what will you do if it does break 3$?

I'll have been wrong.
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October 22, 2011, 04:31:04 PM
 #14

Well, you were wrong.

3$ new support level now?

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October 22, 2011, 04:31:33 PM
 #15

I think $3 is near the top of the overall (apparently accelerating) downward trend right now...I don't anticipate it breaking this bigger trend to the upside, either.

Here's a (logarithmic) chart:

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October 22, 2011, 04:34:47 PM
 #16

I think $3 is near the top of the overall (apparently accelerating) downward trend right now...I don't anticipate it breaking this bigger trend to the upside, either.

Exactly.  So what if we poke up above $3 for a little bit.  I'm confident that a week from now we'll be below $3 consistent with the clear abandonment of bitcoin.
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October 22, 2011, 04:37:03 PM
 #17

I think $3 is near the top of the overall (apparently accelerating) downward trend right now...I don't anticipate it breaking this bigger trend to the upside, either.

Exactly.  So what if we poke up above $3 for a little bit.  I'm confident that a week from now we'll be below $3 consistent with the clear abandonment of bitcoin.

I would love to make a side bet with you...

If he accepts a bet, and it's done it Bitcoin, it would be entirely ironic.

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October 22, 2011, 04:39:19 PM
 #18

Exactly.  So what if we poke up above $3 for a little bit.  I'm confident that a week from now we'll be below $3 consistent with the clear abandonment of bitcoin.

Judging from the future difficulty estimates, I'd say enough miners finally threw in the towel to bring demand in line with supply.  I think we'll probably see a slow and steady rise in price until the next difficulty reset.

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October 22, 2011, 04:50:27 PM
 #19

Exactly.  So what if we poke up above $3 for a little bit.  I'm confident that a week from now we'll be below $3 consistent with the clear abandonment of bitcoin.

Judging from the future difficulty estimates, I'd say enough miners finally threw in the towel to bring demand in line with supply.  I think we'll probably see a slow and steady rise in price until the next difficulty reset.

Supply from mining is always constant.  A falling price does not reduce new mining supply.
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October 22, 2011, 04:59:28 PM
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If he accepts a bet, and it's done it Bitcoin, it would be entirely ironic.

YES, I did not think he would catch on however. BTW love your site.

Thanks!

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