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Author Topic: Well, it's settling down. Where will it go from here?  (Read 3683 times)
StewartJ
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January 18, 2012, 07:56:30 PM
 #21

OK here it goes:

1. Jan 25: $6.20
2. Feb 1: $6.75
3. Mar 1: $8.20

Based on upward trend from December 1 to January 4th  (Pre-Bubble data)
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January 18, 2012, 07:59:24 PM
 #22

So let's hear some guesses for the price on
1. Jan 25
2. Feb 1
3. Mar 1

I don't do this very often, because I don't see much merit in it, but here goes...

1. Jan 25: $6.50
2. Feb 1: $7.20
3. Mar 1: $9.70

BTW I think that will take over $4M.

There is a good chance it won't stop at 9.7 $ but hit 10 $

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January 18, 2012, 08:06:22 PM
 #23

So let's hear some guesses for the price on
1. Jan 25
2. Feb 1
3. Mar 1

I don't do this very often, because I don't see much merit in it, but here goes...

1. Jan 25: $6.50
2. Feb 1: $7.20
3. Mar 1: $9.70

BTW I think that will take over $4M.

There is a good chance it won't stop at 9.7 $ but hit 10 $

What's your view/guess? Smiley

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P4man
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January 18, 2012, 08:32:29 PM
 #24

If you want to support bitcoin, spend them. Hoarding them doesnt help anyone.

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January 18, 2012, 09:06:40 PM
 #25

wow, calm after the storm!! so stable

maybe it's gonna explode again
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January 18, 2012, 09:09:10 PM
 #26

nice call bro

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
ForceField
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January 18, 2012, 10:04:26 PM
 #27

If you want to support bitcoin, spend them. Hoarding them doesnt help anyone.

I agree, if there is no circulation its value will deflate to nothing. Similarly if generation > circulation then its value will slowly but surely deteriorate.

And if you're looking for something to spend them on take a look at my items for sale:

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ineededausername
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January 19, 2012, 01:18:27 AM
 #28

a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook. 

(BFL)^2 < 0
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January 19, 2012, 01:23:14 AM
 #29

a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook. 

Does this have anything to do with that thing you said was maybe going to happen around 3am EST?

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January 19, 2012, 01:25:36 AM
 #30

a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook. 

Lots of buy orders waiting on bitcoinica in spite of bullseye... Every sell order is handled internally.

https://www.bitcoin.org/bitcoin.pdf
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StewartJ
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January 19, 2012, 01:36:20 AM
 #31

a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook. 

Is this a danger signal, for another correction?
jojo69
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January 19, 2012, 01:43:14 AM
 #32

I dunno, pretty ripe for a profit taking about now

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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January 19, 2012, 01:44:28 AM
 #33

I dunno, pretty ripe for a profit taking about now

I agree with this, this 'rally' seems to have come a wee bit too fast.
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January 19, 2012, 01:51:12 AM
 #34

smells like short squeeze to me. relatively low volume barely any bid support. but who knows where this leaks since we are still continuing the uptrend from the last weeks.
cypherdoc
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January 19, 2012, 02:10:36 AM
 #35

how fitting.

Wave 3 starting after all the weak hands have been shaken out or liquidated.
pirateat40
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January 19, 2012, 02:13:00 AM
 #36

*Grrrrrrrrr's*

jojo69
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January 19, 2012, 02:13:10 AM
 #37

we shall see

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
NamelessOne
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January 19, 2012, 02:13:22 AM
 #38

There also seems to be what I call 'I want a rally bot' happening. I've seen it before. Someone or their bot constantly places buys at the current price of 150 - 200 - 300 btc, forcing people to either sell to remove the wall, and encourages people to keep pushing the price up. Often when sold into it will disappear before coming back later. And eventually it stops.

Edit: When there is a couple BTC difference between the buys and sells, it seems that it will slowly go up a couple BTC, gradually pushing the price up if the market is responding.
jojo69
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January 19, 2012, 02:14:50 AM
 #39

And eventually it stops.

in a big volume spike of profit taking

This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
ineededausername
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January 19, 2012, 02:30:28 AM
 #40

a strange thing is happening.. it's maintaining a level of >5.8 and going UP despite a huge imbalance in the orderbook. 

Again with the order book?

The truth is, depth does matter in situations with little to no depth.  A spike could easily wipe us out, for example, all the way down to 5.5, and we would probably end up lower. 

(BFL)^2 < 0
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