Maged
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Activity: 1204
Merit: 1015
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February 25, 2012, 09:57:40 PM |
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The fundamentals are so strong...
Every single time FlipPro or Technomage begin talking about fundamentals … Every. God. Damn. Time. It's seriously one of my indicators now... |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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trogdorjw73
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February 25, 2012, 10:16:45 PM |
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The predictability of the weekend effect is getting obnoxious.
Starting Saturday morning and ending Monday morning, here's the past month. I'll also include the "work week" in between so we can see how it compares. Jan 28-30: Price increased slightly, with a spike upwards initially followed by a drop back to just above the starting point. About a $0.20 increase over the weekend. Jan 30-Feb 4: Major rally, ending up about $0.70. Feb 4-6: Definite downward trend, dropping ~$0.40 over the weekend Feb 6-11: Slight increase over the week, ending up about $0.15. Feb 11-13: A major drop of around $0.70 to $0.90 over the weekend (depending on how flexible you are with start/end times). Feb 13-18: Continued major drop, ending down about $0.80 over the week. Feb 18-20: Slight down then up, ending about $0.10 down for the weekend. Feb 20-25: Rally week, up about $0.70. Looking at all of the above, the most I'd really say is that weekends on average have a stagnating effect, and volumes are often lower. Because volumes are usually lower, if someone makes a big move on the weekend it can have a larger impact on prices. What you can really see, though, is that Bitcoin is simply very volatile -- no news there! |
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proudhon
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Activity: 2198
Merit: 1311
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February 25, 2012, 10:49:47 PM |
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Ok, for the first time in a while I've started the process of getting new money into MtGox. Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime. The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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teflone
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February 25, 2012, 10:57:42 PM |
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Ok, for the first time in a while I've started the process of getting new money into MtGox. Hopefully it's in there by late Monday/early Tuesday, and hopefully prices don't shoot up in the meantime. The last time I sent a significant amount of money to MtGox the price more than doubled in the time between when I began the process and when the money was available in MtGox.
BUY BUY BUY!!! new indicator! |
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cbeast
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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February 26, 2012, 05:17:02 AM |
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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FlipPro (OP)
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Activity: 1764
Merit: 1015
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February 26, 2012, 07:46:52 AM |
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THE FUNDAMENTALS ARE STRONG!!!!
$10 HERE WE COME
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RicePicker
Full Member
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Activity: 216
Merit: 100
RicePicker
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February 26, 2012, 08:09:20 AM |
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THE FUNDAMENTALS ARE STRONG!!!!
$10 HERE WE COME
CRASH! SELL SELL SELL! |
Everyone is entitled to their own opinion. It's just that yours is stupid! =D
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S3052
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Activity: 2100
Merit: 1000
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February 26, 2012, 07:48:23 PM |
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as expected in the short term update, at least a small rally is underway
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maxll
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Activity: 1011
Merit: 1006
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February 26, 2012, 08:58:15 PM |
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as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally. |
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Electricbees
Sr. Member
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Activity: 322
Merit: 250
We are bees, and we hate you.
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February 26, 2012, 09:09:48 PM |
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as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally. That's because you need a magnifying glass to see this so-called rally everyone's so excited about...  |
Donations are welcome!
1BEES19ds5gEnRBoU1qNFPfjRXe94trMG3
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BTCurious
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February 27, 2012, 01:00:16 AM |
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as expected in the short term update, at least a small rally is underway
Where is it now? ) Cant see any mini-rally. You know, there was a market sale, and then a market buy. So that's an increase in mtgoxlast by the bid-ask-spread. RALLY! |
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deepceleron
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Activity: 1512
Merit: 1025
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February 27, 2012, 03:39:19 AM
Last edit: July 13, 2012, 05:28:34 AM by deepceleron |
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Actual chart porn: On-Balance Volume |
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jojo69
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Activity: 3150
Merit: 4309
diamond-handed zealot
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March 05, 2012, 05:55:02 PM |
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c'mon guys, where is everybody?
WOOOHOOOOOOOO!!!!!!
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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proudhon
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Activity: 2198
Merit: 1311
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March 05, 2012, 05:59:18 PM |
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I'm watching from the sidelines.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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March 05, 2012, 06:02:41 PM |
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The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board. This doesn't mean that we go to the moon next but it means that the downtrend is over.
Very interesting times ahead.
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Denarium closing sale discounts now up to 43%! Check out our products from here! |
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N12
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Activity: 1610
Merit: 1010
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March 05, 2012, 06:06:48 PM |
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The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board. Not official, official will be if it CLOSES above. And that’s just one indicator. |
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notme
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Activity: 1904
Merit: 1002
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March 05, 2012, 06:19:19 PM |
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The correction that started from the $7.2 high is now officially over. The 30-day average is moving to green across the board. Not official, official will be if it CLOSES above. And that’s just one indicator. +1 Plus, up now isn't as good for a long term rally as down would be. Solidifying the support is needed before we can see significantly higher highs for the year. |
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Technomage
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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March 05, 2012, 06:23:01 PM |
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Not official, official will be if it CLOSES above. And that’s just one indicator. True enough. My view is not based on just this indicator though, to me this was already obvious. Bitcoin price has shown very strong resilience after the hacks which is so impressive that the price literally has no other direction than up. Current situation warrants speculation that we might not be seeing prices below $5 after this week. Not in a very long time, possibly not ever again (with the exception of Bitcoin dieing for some reason). The first sign of Bitcoin's resilience was its comeback in December, this is round 2 which will further solidify that it's here to stay. |
Denarium closing sale discounts now up to 43%! Check out our products from here! |
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Technomage
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Activity: 2184
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Affordable Physical Bitcoins - Denarium.com
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March 05, 2012, 06:26:52 PM |
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Plus, up now isn't as good for a long term rally as down would be. Solidifying the support is needed before we can see significantly higher highs for the year. I think the support has never in Bitcoin's history been so solidified as it is now. Literally never. Even some of the considerable news coverage mentioned the fact that Bitcoin's price has been affected surprisingly little by the hacks. That is a really big deal. It proves that Bitcoin can actually take a shitstorm or two and be more than fine afterwards. |
Denarium closing sale discounts now up to 43%! Check out our products from here! |
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proudhon
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Activity: 2198
Merit: 1311
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March 05, 2012, 06:28:45 PM |
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Plus, up now isn't as good for a long term rally as down would be. Solidifying the support is needed before we can see significantly higher highs for the year. I think the support has never in Bitcoin's history been so solidified as it is now. Literally never. Even some of the considerable news coverage mentioned the fact that Bitcoin's price has been affected surprisingly little. That is a really big deal. It proves that Bitcoin can actually take a shitstorm or two and be more than fine afterwards. At some point the market is going to take that positive attitude of yours and violently kill it. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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