Bitcoin Forum
December 10, 2016, 03:11:10 AM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
Author Topic: $6 today?!  (Read 7290 times)
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 04, 2012, 06:55:41 PM
 #1

Double ramp come on! Grin

(BFL)^2 < 0
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
1481339470
Hero Member
*
Offline Offline

Posts: 1481339470

View Profile Personal Message (Offline)

Ignore
1481339470
Reply with quote  #2

1481339470
Report to moderator
Serge
Legendary
*
Offline Offline

Activity: 1050


View Profile
January 04, 2012, 06:56:56 PM
 #2

i see 5.9 by midnight
bulanula
Hero Member
*****
Offline Offline

Activity: 518



View Profile
January 04, 2012, 06:58:11 PM
 #3

Next thread I start will be $100 by Christmas ? Roll Eyes

Can you say "Manipulator" much ?
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 04, 2012, 07:02:25 PM
 #4

alot of ppl see these ramps as nuts and irrational.  and in a sense it is.

however; i see this behavior in bull mkts ALL THE TIME.  the psychology is fascinating.  most ppl's tendency is to hesitate in disbelief and not push the buy button. 

"it has to come back down". 

"i promise to buy if it just comes back down to $2".

the problem with not buying the breakout especially after such a long term bottoming phase like we had is that the "market" is trying to escape away from you so you won't have a chance to get in at low prices. 
Technomage
Legendary
*
Offline Offline

Activity: 1624


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
January 04, 2012, 07:03:24 PM
 #5

I was expecting a stronger correction but it seems that the strength of the buyers is extremely strong right now. The correction was small and we actually might see $6 very soon. I think there will be a bigger correction at some point but it clearly isn't now, $5 is still too low for that. Bulls prevailed.

Denarium - Leading Physical Bitcoin Manufacturer - Special Xmas deals now live!
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 04, 2012, 07:07:42 PM
 #6

I was expecting a stronger correction but it seems that the strength of the buyers is extremely strong right now. The correction was small and we actually might see $6 very soon. I think there will be a bigger correction at some point but it clearly isn't now, $5 is still too low for that. Bulls prevailed.

+1.  I thought the correction would go to $4 ish but over 40k BTC of sells ($200k in spikes) weren't enough to stop this bull run.  Bullish sentiment is proving to be resilient.

(BFL)^2 < 0
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 04, 2012, 07:09:53 PM
 #7

if you hesitate, you're dead.
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 04, 2012, 07:21:09 PM
 #8

THIS is beautiful:

Qoheleth
Legendary
*
Offline Offline

Activity: 882


Spurn wild goose chases. Seek that which endures.


View Profile WWW
January 04, 2012, 07:22:17 PM
 #9

Man what? There's like 50k of visible market depth to get to 6$/coin - and that's assuming that more depth won't materialize out of hidden reserves when it starts.

I mean, I hope we're going up, but a quarter million dollars of buy motion, in one day, on no news, is Fantasyland.

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 04, 2012, 07:31:07 PM
 #10

Man what? There's like 50k of visible market depth to get to 6$/coin - and that's assuming that more depth won't materialize out of hidden reserves when it starts.

I mean, I hope we're going up, but a quarter million dollars of buy motion, in one day, on no news, is Fantasyland.

You are entirely mistaken.  There is <25k BTC of visible market depth. 
There used to be <25k BTC to $5, but a formidable wall, during the last spike. Wink

(BFL)^2 < 0
SaintFlow
Sr. Member
****
Offline Offline

Activity: 415


for the love of water


View Profile
January 04, 2012, 07:36:42 PM
 #11

THIS is beautiful:




What software is this?


account resurrected
the lurking ends
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 04, 2012, 07:37:22 PM
 #12

THIS is beautiful:




What software is this?



ThinkorSwim
Qoheleth
Legendary
*
Offline Offline

Activity: 882


Spurn wild goose chases. Seek that which endures.


View Profile WWW
January 04, 2012, 07:41:13 PM
 #13

Man what? There's like 50k of visible market depth to get to 6$/coin - and that's assuming that more depth won't materialize out of hidden reserves when it starts.

I mean, I hope we're going up, but a quarter million dollars of buy motion, in one day, on no news, is Fantasyland.

You are entirely mistaken.  There is <25k BTC of visible market depth. 
There used to be <25k BTC to $5, but a formidable wall, during the last spike. Wink
....really? Huh.

See, I usually watch bitcoincharts and they're still showing this depth graph:


No wonder I was confused!

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 04, 2012, 07:42:49 PM
 #14

Man what? There's like 50k of visible market depth to get to 6$/coin - and that's assuming that more depth won't materialize out of hidden reserves when it starts.

I mean, I hope we're going up, but a quarter million dollars of buy motion, in one day, on no news, is Fantasyland.

You are entirely mistaken.  There is <25k BTC of visible market depth. 
There used to be <25k BTC to $5, but a formidable wall, during the last spike. Wink
....really? Huh.

See, I usually watch bitcoincharts and they're still showing this depth graph:


No wonder I was confused!

See, we've moved several tens of thousands of BTC on the depth chart since this morning already!

Who knows how much farther we can go Smiley

(BFL)^2 < 0
alan2here
Sr. Member
****
Offline Offline

Activity: 331


View Profile
January 04, 2012, 07:56:18 PM
 #15

I've also noticed this. I'm having to use Gox charts. The price is going down a little but I think it's just tempoary.
ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 04, 2012, 08:55:42 PM
 #16

There is now less than 20k BTC to $6.  Prepare for a double ramp culminating in $6 tomorrow.  I don't say this with absolute certainty, but it is a significant possibility.

(BFL)^2 < 0
cypherdoc
Legendary
*
Offline Offline

Activity: 1764



View Profile
January 04, 2012, 09:11:50 PM
 #17

http://financialriskanalytics.weebly.com/daily-blog.html
deepceleron
Legendary
*
Offline Offline

Activity: 1470



View Profile WWW
January 04, 2012, 11:13:42 PM
 #18

Man what? There's like 50k of visible market depth to get to 6$/coin - and that's assuming that more depth won't materialize out of hidden reserves when it starts.

I mean, I hope we're going up, but a quarter million dollars of buy motion, in one day, on no news, is Fantasyland.

I propose the opposite, when the price has a constant uptrend, sell orders evaporate because sellers cancel, and wait and see how high it will go. The market depth you see does not hold if there is time to correct orders before an uptrend gets to them, the only way to get those people's bitcoins at that price is one huge buy.

ineededausername
Hero Member
*****
Offline Offline

Activity: 784


bitcoin hundred-aire


View Profile
January 05, 2012, 12:35:08 AM
 #19

I've been watching the ask depth to $6.  It started out at a huge number (>50k BTC) earlier today.  By the time the spike happened, this had been reduced to 23k.  A few hours ago, I checked again and it was 15k.  Now it's 12658 BTC. it's 12418 BTC! Shrinking!

We're slowly making progress!  Maybe today, maybe tomorrow, but I think we shall reach $6 soon.

Watch out for a familiar double ramp Smiley

(BFL)^2 < 0
Luis_GT
Full Member
***
Offline Offline

Activity: 126


View Profile
January 05, 2012, 12:58:14 AM
 #20

And now we have $6
Pages: [1] 2 3 4 5 6 7 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!