randomusername8236 (OP)
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Activity: 13
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December 20, 2011, 06:02:55 AM |
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Opinions?
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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December 20, 2011, 06:03:42 AM |
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Double digits. Stop thinking in single digits. This whip is way to strong. IF the move to 4 didn't teach you anything, then I don't know what will.
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randomusername8236 (OP)
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December 20, 2011, 06:07:10 AM |
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I made money on the rise in prices earlier today. But do you really think that it is going to continue to go straight up?
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notme
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Activity: 1904
Merit: 1002
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December 20, 2011, 06:07:53 AM |
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I made money on the rise in prices earlier today. But do you really think that it is going to continue to go straight up?
No. Sometimes it will go down briefly. |
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enygma
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Activity: 75
Merit: 10
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December 20, 2011, 06:08:04 AM |
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The hoarder in me wants to see it jump and jump quickly to double digit numbers, but the trader in me wants to see the current level of volatility continue... but between $3.50 and $4.50...  |
Obligatory "Donate to" vanity address:
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FlipPro
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December 20, 2011, 06:09:31 AM |
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randomusername8236 (OP)
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December 20, 2011, 06:39:35 AM |
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Thanks for the link  |
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Cluster2k
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December 20, 2011, 07:21:00 AM |
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What will happen first? Under 4, for sure. Over 5? Maybe after the dive. Hitting 6? Not with the big trader's bag of tricks.
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terrytibbs
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December 20, 2011, 07:29:01 AM |
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What will happen first? Under 4, for sure. Over 5? Maybe after the dive. Hitting 6? Not with the big trader's bag of tricks.
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Mushoz
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December 20, 2011, 10:44:55 AM |
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We went under 4$ due to a small sell-off. We're above 4$ again though. I'm wondering whether that wall at 3,90$ is going to keep us above the 3,9$ mark for consolidation or if we're going to retrace to 3,60-3,70ish before going higher again. Interesting times indeed.
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www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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Cluster2k
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December 20, 2011, 11:08:32 AM |
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What will happen first? Under 4, for sure. Over 5? Maybe after the dive. Hitting 6? Not with the big trader's bag of tricks.
Downer? More like accurate. I don't control the market. |
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terrytibbs
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December 20, 2011, 11:11:31 AM |
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What will happen first? Under 4, for sure. Over 5? Maybe after the dive. Hitting 6? Not with the big trader's bag of tricks.
Downer? More like accurate. I don't control the market.  |
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Cluster2k
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Activity: 1692
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December 20, 2011, 11:12:47 AM |
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You do? Great. Where is the price heading to from here so I can place my bets? |
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Technomage
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Activity: 2184
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Affordable Physical Bitcoins - Denarium.com
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December 20, 2011, 11:53:22 AM |
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It won't go straight up but once a reversal this strong happens the market sentiment will go through the roof. There will be corrections as always but now we are going up again. And not just short term.
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Mushoz
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December 20, 2011, 12:01:29 PM |
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Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark. Interesting and volatile times ahead  |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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cypherdoc
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December 20, 2011, 03:05:09 PM |
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You do? Great. Where is the price heading to from here so I can place my bets? is that Zhoutawng? |
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proudhon
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Activity: 2198
Merit: 1311
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December 20, 2011, 03:24:55 PM |
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Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark. Interesting and volatile times ahead It's now ~40k BTC to $5, which I think is a good thing. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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terrytibbs
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December 20, 2011, 03:28:37 PM |
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is that Zhoutawng?
oh yeah fo sho  |
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mc_lovin
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Activity: 1190
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www.bitcointrading.com
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December 20, 2011, 03:31:09 PM |
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>5 !!!!!!
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notme
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Activity: 1904
Merit: 1002
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December 20, 2011, 03:34:00 PM |
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>5 !!!!!!
Wrong, we already went under 4. |
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Mushoz
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December 20, 2011, 03:41:51 PM |
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Yeah, this is insane. It's too soon to tell yet, but we seem to be consolidating just above 4$, which isn't that far off from the high of 4,50. Consolidating close to highs is a bullish sign and is quite insane after such a big % increase in prices. Short term corrections are usually much more common then. Also there doesn't seem to be building up any selling pressure. It's only ~20k ish BTC to the 5$ mark. Interesting and volatile times ahead It's now ~40k BTC to $5, which I think is a good thing. Agreed. Slow and steady! |
www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
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mc_lovin
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Activity: 1190
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www.bitcointrading.com
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December 21, 2011, 06:47:08 PM |
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>5 !!!!!!
Wrong, we already went under 4. Lol true, but it was barely hitting 4 at the time, I think it'll bounce around a bit and hit 5 by next week. |
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proudhon
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Activity: 2198
Merit: 1311
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December 21, 2011, 07:27:52 PM |
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>5 !!!!!!
Wrong, we already went under 4. Lol true, but it was barely hitting 4 at the time, I think it'll bounce around a bit and hit 5 by next week. I very much doubt that. Remember that as the price climbs the difficulty of burning through the asks increases because the cost of each bitcoin goes up. Getting through 40kBTC when the price was between 2-3 and 3-4 was much easier than getting through the same number of bitcoins between here and $5. Also, you can't just look at order book as it is now since as the price goes up lots of bitcoins are going to get thrown up for sale along the way. I'd be interested to know what the order book looked like last time we went through these values. My recollection was that it was much lower. |
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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