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Author Topic: The Great Bitcoin New Year's Eve Rally  (Read 6955 times)
ineededausername
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December 31, 2011, 12:08:29 AM
 #1

You heard it here first, folks.
I expect you bears will be posting "wtf" in this thread just like you did in the "rocket is taking off" thread.

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mjcmurfy
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December 31, 2011, 12:12:15 AM
 #2

Your sig is hilarious.

Back on topic... wtf?

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ineededausername
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December 31, 2011, 12:14:48 AM
 #3

Back on topic... wtf?

This thread is me predicting a rally to $4.6-5 TOMORROW.  Get ready Smiley
Of course, I still remain open to the possibility that I'm wrong.  But the market will definitely move in a HUGE way tomorrow, up or down.  I think the probability of a downwards move is very low at this point.

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trogdorjw73
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December 31, 2011, 12:17:42 AM
 #4

You're a day or two early... I think the big movement will come Jan 1/2, not Dec 31.

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December 31, 2011, 12:31:19 AM
 #5

slow motion rally  Cool
ineededausername
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December 31, 2011, 12:34:33 AM
 #6

Serge: since bitcoin moves in spikes, it'll come very suddenly, but trust me, this is not a slow motion rally Smiley
Going to $5, bitches!

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mjcmurfy
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December 31, 2011, 12:35:11 AM
 #7

Some graphs and pesky facts to bring sense to this madness (data collected since the 14th):





Trade volume activity (collected since the 21st):

21/12/2011 15:53 - Bid (buy) Volume: $92607, Ask (sell) Volume: $108854 => Net $16,247 sell
22/12/2011 23:58 - Bid (buy) Volume: $83754, Ask (sell) Volume:  $188171 => Net $104,417 sell
24/12/2011 11:52 - Bid (buy) Volume: $124414, Ask (sell) Volume: $159448 => Net $35,034 sell
25/12/2011 16:00 - Bid (buy) Volume: $116765, Ask (sell) Volume: $143122 => Net $26,357 sell
26/12/2011 13:30 - Bid (buy) Volume: $134398, Ask (sell) Volume: $188173 => Net $53,775 sell
27/12/2011 23:59 - Bid (buy) Volume: $166066, Ask (sell) Volume: $193020 => Net $26,954 sell
28/12/2011 05:45 - Bid (buy) Volume: $174779, Ask (sell) Volume: $198527 => Net $23,748 sell
29/12/2011 21:20 - Bid (buy) Volume: $203902, Ask (sell) Volume: $228877 => Net $24,975 sell
30/12/2011 23:59 - Bid (buy) Volume: $203871, Ask (sell) Volume: $334398 => Net $130,527 sell

Over the past 10 days, there has been a net selling activity of $442,034, yet the price has stayed at roughly the same level. There has not been one single day where the buy volume in dollars has exceeded the selling volume in dollars. This is profit taking, clear as day, with market manipulation artificially keeping the price afloat in order to take more and more money from clueless bulls.

You would have to be MAD to buy in this market...

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ineededausername
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December 31, 2011, 12:38:49 AM
 #8

Cool graphs bro.  How about you post more historical graphs so we can get a sense of whether your indicators actually work?

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cypherdoc
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December 31, 2011, 12:40:00 AM
 #9

Some graphs and pesky facts to bring sense to this madness (data collected since the 14th):





Trade volume activity (collected since the 21st):

21/12/2011 15:53 - Bid (buy) Volume: $92607, Ask (sell) Volume: $108854 => Net $16,247 sell
22/12/2011 23:58 - Bid (buy) Volume: $83754, Ask (sell) Volume:  $188171 => Net $104,417 sell
24/12/2011 11:52 - Bid (buy) Volume: $124414, Ask (sell) Volume: $159448 => Net $35,034 sell
25/12/2011 16:00 - Bid (buy) Volume: $116765, Ask (sell) Volume: $143122 => Net $26,357 sell
26/12/2011 13:30 - Bid (buy) Volume: $134398, Ask (sell) Volume: $188173 => Net $53,775 sell
27/12/2011 23:59 - Bid (buy) Volume: $166066, Ask (sell) Volume: $193020 => Net $26,954 sell
28/12/2011 05:45 - Bid (buy) Volume: $174779, Ask (sell) Volume: $198527 => Net $23,748 sell
29/12/2011 21:20 - Bid (buy) Volume: $203902, Ask (sell) Volume: $228877 => Net $24,975 sell
30/12/2011 23:59 - Bid (buy) Volume: $203871, Ask (sell) Volume: $334398 => Net $130,527 sell

Over the past 10 days, there has been a net selling activity of $442,034, yet the price has stayed at roughly the same level. There has not been one single day where the buy volume in dollars has exceeded the selling volume in dollars. This is profit taking, clear as day, with market manipulation artificially keeping the price afloat in order to take more and more money from clueless bulls.

You would have to be MAD to buy in this market...

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December 31, 2011, 12:43:51 AM
 #10

Cool graphs bro.  How about you post more historical graphs so we can get a sense of whether your indicators actually work?

I have only been collecting depth volume data since the 14th of this month, and trade volume data since the 21st. I am working on an automated script that will collect this data automatically (i'm not the most diligent at manual collection, I'm missing a day or two). I will try to post as many updates as I can. I have posted the adjusted supply chart once before.

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cypherdoc
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December 31, 2011, 01:03:18 AM
 #11

"I promise to buy @ $2, I promise to buy @ $2."

mjcmurfy
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December 31, 2011, 01:09:40 AM
 #12

I bought at $2.20, and sold again at $4.30. I was more than happy for someone else to take it from there.
95% profit. Wishing for >100% would just be greedy. Whoever bought those coins off me for $4.30, I apologize. Cheesy

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cypherdoc
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December 31, 2011, 01:44:32 AM
 #13

I bought at $2.20, and sold again at $4.30. I was more than happy for someone else to take it from there.
95% profit. Wishing for >100% would just be greedy. Whoever bought those coins off me for $4.30, I apologize. Cheesy

but now you're in a quandary; the price hasn't tanked like you hoped it would.  we're only 7 cents below what you sold at and your tension is palpable.  who knows what your target was.  $3, $2.5, only you know.

if it goes to $5 tonite while you're sleeping, then $8, then $12, and on up to parity with gold somewhere around $1000, i think he'll be apologizing to you. Wink
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December 31, 2011, 01:47:01 AM
 #14

The only thing in nature that grows exponentially is cancer.  Keep that in mind.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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December 31, 2011, 01:59:07 AM
 #15

The only thing in nature that grows exponentially is cancer.  Keep that in mind.

c'mon, lighten up.  this is the Spec forum.  can't i engage in a little fear mongering? Cheesy
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December 31, 2011, 02:01:49 AM
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I bought at $2.20, and sold again at $4.30. I was more than happy for someone else to take it from there.
95% profit. Wishing for >100% would just be greedy. Whoever bought those coins off me for $4.30, I apologize. Cheesy

but now you're in a quandary; the price hasn't tanked like you hoped it would.  we're only 7 cents below what you sold at and your tension is palpable.  who knows what your target was.  $3, $2.5, only you know.

if it goes to $5 tonite while you're sleeping, then $8, then $12, and on up to parity with gold somewhere around $1000, i think he'll be apologizing to you. Wink

Unlike you, I have patience, and don't get all hot and bothered with intraday price movements. I am willing to bide my time and if my gamble does not pay off, so be it. There is nothing stoping me from buying back in.

I think I would qualify your statement of 'the price hasn't tanked' with the word 'yet'. This is the 3rd time we have hit $4.30, and if we fail to break well through it tonight, then I doubt we will be seeing it again for another while.

Yes, the price might increase. I am more than aware of this scenario and do not need to be reminded of it. But considering all of the data, the balance of probabilities has told me that I should sit it out from here and be happy with my 95% profit. Wouldn't you agree? It is greed that all too often gets the better of even the most skilled traders.

Like I said, if whoever I sold those coins to at $4.30 wants to try and take this rally further from here, he can be my guest. But if he thinks that bitcoin is going to reach anything even close to parity with gold in the near future, then I not only apologize but sympathize.

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ineededausername
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December 31, 2011, 02:10:45 AM
 #17

The end of the wedge is nigh!  This is suspenseful Smiley

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December 31, 2011, 02:29:27 AM
 #18

The end of the wedge is nigh!  This is suspenseful Smiley

I love the top two threads right now.  One of them was created by you on the 24th and in it you predict a correction down to $2.5-3 in 1-2 weeks from the date of your post .  The other was created by you today and in it you predict a continuation of the rally to $4.6-5 in the next day or so.

Anyway, I hope you're right.
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December 31, 2011, 02:39:20 AM
 #19

The end of the wedge is nigh!  This is suspenseful Smiley

I love the top two threads right now.  One of them was created by you on the 24th and in it you predict a correction down to $2.5-3 in 1-2 weeks from the date of your post .  The other was created by you today and in it you predict a continuation of the rally to $4.6-5 in the next day or so.

Anyway, I hope you're right.

The juxtaposition is striking, but opinion can swing as wildly as the price in bitcoin world. I wouldn't hold it against ineedausername. If i might ask though, what did change your mind on this INAU? Was it anything tangible, or just you solidifying a position?
I'm not being facetious, I'm genuinely interested.

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December 31, 2011, 02:51:19 AM
 #20

 Roll Eyes

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