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ineededausername (OP)
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January 04, 2012, 06:55:41 PM |
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Double ramp come on!  |
(BFL)^2 < 0
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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Serge
Legendary
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Activity: 1050
Merit: 1000
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January 04, 2012, 06:56:56 PM |
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i see 5.9 by midnight
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bulanula
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January 04, 2012, 06:58:11 PM |
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Next thread I start will be $100 by Christmas ?  Can you say "Manipulator" much ? |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 04, 2012, 07:02:25 PM |
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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.
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Technomage
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Affordable Physical Bitcoins - Denarium.com
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January 04, 2012, 07:03:24 PM |
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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.
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ineededausername (OP)
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January 04, 2012, 07:07:42 PM |
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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 ($200k in spikes) weren't enough to stop this bull run. Bullish sentiment is proving to be resilient. |
(BFL)^2 < 0
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 04, 2012, 07:09:53 PM |
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if you hesitate, you're dead.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 04, 2012, 07:21:09 PM |
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THIS is beautiful:  |
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Qoheleth
Legendary
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Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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January 04, 2012, 07:22:17 PM |
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Man what? There's like 50k of visible market depth to get to 6$/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.
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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 prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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ineededausername (OP)
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January 04, 2012, 07:31:07 PM |
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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 $5, but a formidable wall, during the last spike.  |
(BFL)^2 < 0
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SaintFlow
Sr. Member
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Activity: 476
Merit: 250
The first is by definition not flawed.
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January 04, 2012, 07:36:42 PM |
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THIS is beautiful: What software is this? |
don't let me make you question your assumptions
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 04, 2012, 07:37:22 PM |
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THIS is beautiful: What software is this? ThinkorSwim |
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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January 04, 2012, 07:41:13 PM |
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Man what? There's like 50k of visible market depth to get to 6$/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 $5, but a formidable wall, during the last spike. ....really? Huh. See, I usually watch bitcoincharts and they're still showing this depth graph:  No wonder I was confused! |
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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ineededausername (OP)
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January 04, 2012, 07:42:49 PM |
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Man what? There's like 50k of visible market depth to get to 6$/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. ....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  |
(BFL)^2 < 0
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alan2here
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January 04, 2012, 07:56:18 PM |
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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.
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ineededausername (OP)
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January 04, 2012, 08:55:42 PM |
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There is now less than 20k BTC to $6. Prepare for a double ramp culminating in $6 tomorrow. I don't say this with absolute certainty, but it is a significant possibility.
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(BFL)^2 < 0
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 04, 2012, 09:11:50 PM |
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deepceleron
Legendary
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Activity: 1512
Merit: 1025
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January 04, 2012, 11:13:42 PM |
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Man what? There's like 50k of visible market depth to get to 6$/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. |
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ineededausername (OP)
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January 05, 2012, 12:35:08 AM
Last edit: January 05, 2012, 12:49:51 AM by ineededausername |
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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 |
(BFL)^2 < 0
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Luis_GT
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January 05, 2012, 12:58:14 AM |
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And now we have $6
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