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Author Topic: Crossed 500 USD - Bull Market returns ?  (Read 22523 times)
BowieMan
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August 08, 2014, 06:32:02 PM
 #321

We just re-crossed 600 from the mid 585.

Tighten your seat belt, the bull has returned.
Now again its going under 590$ but best thing its most of time staying in 590$

Seems to be in a narrow range for quite some time now.

The price has been pretty stable in the current price, and we now need to have a big good news to break the $600 resistance (or a bad news to go below $550).

Seems like we are gonna break he 600 resistance without any big news. 590+ now Smiley

Nah, I'm not so sure about that! There are quite some big walls until $ 600, if you take a look at the order books or the depth graph! And weekends tend to be boring and rather going down. I wouldn't hold my breath until, say, sunday night!

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faiza1990
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August 08, 2014, 09:36:18 PM
 #322

We just re-crossed 600 from the mid 585.

Tighten your seat belt, the bull has returned.
Now again its going under 590$ but best thing its most of time staying in 590$

Seems to be in a narrow range for quite some time now.

The price has been pretty stable in the current price, and we now need to have a big good news to break the $600 resistance (or a bad news to go below $550).

Seems like we are gonna break he 600 resistance without any big news. 590+ now Smiley

Nah, I'm not so sure about that! There are quite some big walls until $ 600, if you take a look at the order books or the depth graph! And weekends tend to be boring and rather going down. I wouldn't hold my breath until, say, sunday night!
Its taking time on 590$ which is not bad at all so we can hope this will touch 600$ again in next few days and will keep this for long time

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August 08, 2014, 10:08:51 PM
 #323

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice
BitCoinDream
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August 08, 2014, 10:13:45 PM
 #324

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

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August 08, 2014, 10:19:28 PM
 #325


The price has been pretty stable in the current price, and we now need to have a big good news to break the $600 resistance (or a bad news to go below $550).

That or someone converting a significant amount to fiat which is where Ethereum may factor in, not exactly a bearish signal but more of a conversion because they need capital one.

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August 09, 2014, 12:16:12 AM
 #326

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


Many people are holding because of your expectation. They will become impatient as the end of year approaches, and if we don't see a $1000 recover, they will just dump their coins and we may see another dip
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August 09, 2014, 12:59:07 AM
 #327

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice
One the one hand I want it to go down a bit more so I can purchase another coin and a bit but on the other hand I don't wanna see the value of my existing pennies go down!  What a conundrum!  Good one to have if any I guess.

¯¯̿̿¯̿̿'̿̿̿̿̿̿̿'̿̿'̿̿̿̿̿'̿̿̿)͇̿̿)̿̿̿̿ '̿̿̿̿̿̿\̵͇̿̿\=(•̪̀●́)=o/̵͇̿̿/'̿̿ ̿ ̿̿

Gimme the crypto!!
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August 09, 2014, 01:07:44 AM
 #328

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice
One the one hand I want it to go down a bit more so I can purchase another coin and a bit but on the other hand I don't wanna see the value of my existing pennies go down!  What a conundrum!  Good one to have if any I guess.
I have put a lot of money into my bitcoin and would very much like for it to go a lot higher from here.
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August 09, 2014, 02:01:05 AM
 #329

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


Many people are holding because of your expectation. They will become impatient as the end of year approaches, and if we don't see a $1000 recover, they will just dump their coins and we may see another dip

I hope that happens. Another buying opportunity. Smiley
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August 14, 2014, 09:19:03 AM
 #330

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


Many people are holding because of your expectation. They will become impatient as the end of year approaches, and if we don't see a $1000 recover, they will just dump their coins and we may see another dip

I hope that happens. Another buying opportunity. Smiley

...and that is happening. We are close to 500 USD Wink

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August 14, 2014, 10:49:39 AM
 #331

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---


Many people are holding because of your expectation. They will become impatient as the end of year approaches, and if we don't see a $1000 recover, they will just dump their coins and we may see another dip

I hope that happens. Another buying opportunity. Smiley

...and that is happening. We are close to 500 USD Wink

The lowest price today on bitstamp was $503 while the price on btc-e was $494. So, the price crossed the 500 mark twice today. Tongue

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August 14, 2014, 10:56:45 AM
 #332

Bull run is coming?Huh
faiza1990
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August 14, 2014, 02:10:58 PM
 #333

Bull run is coming?Huh
Currently crushing very badly and many whales buying too much which is indicator of bull

BitCoinDream
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August 14, 2014, 02:16:46 PM
 #334

Bull run is coming?Huh
Currently crushing very badly and many whales buying too much which is indicator of bull

Of course it is a buy time. I wish it becomes 450+ before bouncing back.

DeboraMeeks
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August 14, 2014, 02:21:56 PM
 #335

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

THAT IS NOT a statistical explanation... That is just a bunch of random numbers which you think is a repeating pattern. Trust me, it WILL NOT happen that way gosh.
BitCoinDream
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August 14, 2014, 03:24:09 PM
 #336

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

THAT IS NOT a statistical explanation... That is just a bunch of random numbers which you think is a repeating pattern. Trust me, it WILL NOT happen that way gosh.

When u see a pattern for 5 consecutive years, can u still call it just a bunch of random numbers ?

Coef
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August 15, 2014, 02:16:34 PM
 #337

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

THAT IS NOT a statistical explanation... That is just a bunch of random numbers which you think is a repeating pattern. Trust me, it WILL NOT happen that way gosh.

When u see a pattern for 5 consecutive years, can u still call it just a bunch of random numbers ?

I wouldn't call them random numbers, but it is not a statistical explanation either.
Even if the numbers are right, extrapolating the future price with just 5 data points won't give you a good analysis.

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August 16, 2014, 03:20:57 PM
Last edit: August 16, 2014, 04:02:23 PM by BitCoinDream
 #338

didnt expect price will go up from 570, was thinking it will go down a little more... Smiley nice

I wonder when it is going to touch 1000 USD again. Here is an interesting Stat...

A statistical explanation why 1BTC may equal 1M USD in future...

Value of 1BTC (around figure)

2009 => 10-2 USD
2010 => 10-1 USD
2011 => 100 USD
2012 => 101 USD
2013 => 102 USD
2014 => 103 USD
2015 => 104 USD
2016 => 105 USD
2017 => 106 USD

--- Early Adoption Ends Here and The Price Stabilizes ---

THAT IS NOT a statistical explanation... That is just a bunch of random numbers which you think is a repeating pattern. Trust me, it WILL NOT happen that way gosh.

When u see a pattern for 5 consecutive years, can u still call it just a bunch of random numbers ?

I wouldn't call them random numbers, but it is not a statistical explanation either.
Even if the numbers are right, extrapolating the future price with just 5 data points won't give you a good analysis.

We have already reached the required 103 USD of 2014 in 2013. So, we are actually extrapolating 3 data points with 6 data points. So, u can say, it is (6/(6+3))*100%, i.e. 67% probability.

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August 18, 2014, 08:06:33 PM
 #339

Price is nose-diving. 469.02 USD right now Wink

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August 18, 2014, 08:08:38 PM
 #340

Price is nose-diving. 469.02 USD right now Wink
No worries, with prices dropping people will get eager
to buy. It'll correct itself in no time.
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