ArsenShnurkov (OP)
Legendary
 Offline
Activity: 1386
Merit: 1000
|
 |
December 04, 2011, 02:46:18 AM |
|
Just asking  |
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
YoYa
|
|
December 04, 2011, 02:58:44 AM |
|
Left to right, with peaks and troughs.
|
|
|
|
|
|
trogdorjw73
|
|
December 04, 2011, 03:05:33 AM |
|
Christmas is coming, the geese are getting fat, and people need money to go buy a new hat. I foresee a lot of miners selling off what they can while they're still in the green (e.g. over electrical costs). It's what I'm doing at least, though with only 2GH/s I'm not exactly a major factor -- about 0.05% of the total Bitcoin network power I think? Anyway, my bet is we see an even lower low than what we've had in October and November, if only because of the desire to shop for gifts.
|
|
|
|
|
Edward50
|
|
December 04, 2011, 03:25:45 AM |
|
THE MANIPUALTOR either pulled out or his bid walls got sold into. where the heck do you think it is going without santa manipualtor.
|
Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
|
|
|
|
StewartJ
|
|
December 04, 2011, 03:39:48 AM |
|
I'm dreaming of a nice bidwall, like all the bidwalls I use to know...
|
|
|
|
|
zby
Legendary
Offline
Activity: 1592
Merit: 1001
|
|
December 04, 2011, 08:22:11 AM
Last edit: December 04, 2011, 08:50:05 AM by zby |
|
The rally speed was unsustainable - a correction was long overdue and only the bid wall was postponing it, when it was broken this generated a lot of down momentum - but it quickly got dumped. Maybe it is still early - but it seems that this time a sell off of 45K BTCs didn't have the same consequences as the last time - that shows the strength of the uptrend. My prediction is that there will be one small wave up, then again one down and then we'll be back to the up trend.
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
December 04, 2011, 08:28:18 AM |
|
I think that is it for now, we are at least heading back to 2.9 but if it will surpass 3.14 is questionable.
|
|
|
|
|
Jonathan Ryan Owens
Donator
Sr. Member
Offline
Activity: 392
Merit: 252
|
|
December 04, 2011, 10:13:38 AM |
|
going to 2.6
then to 2.9
then above 3, stall out early in the week
big sell off back to 2.8
upswing to 3.5
|
|
|
|
ArsenShnurkov (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
|
|
December 04, 2011, 12:04:03 PM |
|
Can your explain your targets? I can also write something: Down to 2 Up to 2.4 Down to 1.9 Up to 2.2 Down to 1 Up to 1.8 Down to $0.75 |
|
|
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
|
December 04, 2011, 12:08:45 PM |
|
There is only one thing that I know for sure, the $2.5 zone is a massive bear trap. Combined with the incredible strength the $2 support zone has demonstrated in the past, Bitcoin has actually had more good news and more positive indicators (spikes in google trends, a probable reversal in transaction count decline etc.) than in a long time.
So unless some really bad news come up, I can't even see a test of $2 as a possibility. That's why we're in a big bear trap around the $2.5 mark and I think most people realize this, which will probably lead to back and forth between $2.5 and $3 for a while. There is a possibility of a spike to lower than $2.5 though, if there are people willing to step on it, so to speak.
And I do agree that the next time we pass $3, there is likely to be more enthusiastic buying at prices over $3, leading probably to a break of $3.5.
|
Denarium closing sale discounts now up to 43%! Check out our products from here! |
|
|
|
neptop
|
|
December 04, 2011, 12:22:16 PM |
|
Always near to the loss-margin, but in general above it.
|
BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
|
|
|
|
YoYa
|
|
December 04, 2011, 12:51:56 PM |
|
It's good to see your hypothesis concur with mine! Onward price graph!
|
|
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
December 04, 2011, 01:04:15 PM |
|
The hype from the Fox news story has worn off. Many people bought on the news and kept buying while it was going up. As soon as momentum dropped the speculators tried to cash out as quickly as possible.
|
|
|
|
|
ArsenShnurkov (OP)
Legendary
Offline
Activity: 1386
Merit: 1000
|
|
December 04, 2011, 01:06:10 PM |
|
the speculators tried to cash out as quickly as possible If it was started from 2.4, will it stop at 2.6 ? |
|
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
December 04, 2011, 01:11:36 PM |
|
the speculators tried to cash out as quickly as possible If it was started from 2.4, will it stop at 2.6 ? Still on a downward trend. I wouldn't expect it to go below $2.50 however. Some people who bought on the sizzle of the news are likely to hold for better selling opportunities. |
|
|
|
|
SaintFlow
Sr. Member
Offline
Activity: 476
Merit: 250
The first is by definition not flawed.
|
|
December 06, 2011, 05:55:24 PM |
|
if we can reach 3.25 we can go to the moon and have a nice little afterbubble.
otherwise I expect a drop of about .2-.3 over the next 2-3 weeks.
I for one am strained in chistmas budget and cannot buy additional coins this month.
|
don't let me make you question your assumptions
|
|
|
tulkos
Member
Offline
Activity: 74
Merit: 10
|
|
December 06, 2011, 10:46:05 PM |
|
if we can reach 3.25 we can go to the moon and have a nice little afterbubble.
otherwise I expect a drop of about .2-.3 over the next 2-3 weeks.
I for one am strained in chistmas budget and cannot buy additional coins this month.
Can we first drop to 2.5 to ignite the engines in prep for lift off, its just where my money is thats all  |
|
|
|
netrin
Sr. Member
Offline
Activity: 322
Merit: 251
FirstBits: 168Bc
|
|
December 06, 2011, 11:00:57 PM |
|
If bitcoin does not breach $3.14 immediately, and I do not think it will, then I expect a bounce below $2.6 before peaking in the $3's. However, a drop below $2.5 (the first peak 20 November since <$2) would have devastating psychological impact.
|
|
|
|
|
Crypt_Current
|
|
December 07, 2011, 07:54:27 AM |
|
Nope, none. I'm gonna go click some things and make some numbers happen now.
|
|
|
|
|
neptop
|
|
December 07, 2011, 12:28:53 PM |
|
Hmm the fact that difficulty is very likely to rise could have a positive effect (as it will become cheaper to buy them).
|
BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
|
|
|
|
