arepo (OP)
Sr. Member
 Offline
Activity: 448
Merit: 250
this statement is false
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January 30, 2012, 01:50:20 AM |
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...i'm calling it this time. we're 'secretly' taking off. my call of the $5.50 low was a little off, but i did correctly identify a bottom. get ready...
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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January 30, 2012, 01:54:35 AM |
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Excellent, that was enjoyable to watch after having people seemingly doing everything possible all day to drop the price. Hope it keeps up.
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pirateat40
Avast Ye!
Sr. Member
Offline
Activity: 378
Merit: 250
"Yes I am a pirate, 200 years too late."
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January 30, 2012, 02:18:07 AM |
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*mumbles something and goes back to drinking.
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bittenbob
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January 30, 2012, 02:45:30 AM |
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The volume is abysmally low right now. This could be a sign of impending smackdown. One single spike of volume is not going to cut it.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 30, 2012, 03:41:58 AM |
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*mumbles something and goes back to drinking.
Cheers!  It's black and tan for me this evening. I'm drinking Alexander Keith's Red Amber Ale  Cheers! |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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January 30, 2012, 03:43:31 AM |
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...i'm calling it this time. we're 'secretly' taking off. my call of the $5.50 low was a little off, but i did correctly identify a bottom. get ready...
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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January 30, 2012, 04:31:25 AM |
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As metaphors on this forum go, I find the idea of a "secret rocket launch" to be one of the most distinct. Anyway, we'll see; I'd like to see the price go up, even if I won't be able to help much.  |
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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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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January 30, 2012, 04:37:47 AM |
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This thread title sounds like a boudoir apparel store for men.  |
Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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arepo (OP)
Sr. Member
Offline
Activity: 448
Merit: 250
this statement is false
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January 30, 2012, 08:33:10 AM |
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This thread title sounds like a boudoir apparel store for men. i try my best |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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cunicula
Legendary
Offline
Activity: 1050
Merit: 1003
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January 30, 2012, 10:41:28 AM |
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...i'm calling it this time. we're 'secretly' taking off. my call of the $5.50 low was a little off, but i did correctly identify a bottom. get ready...
Post your shits or it isn't happening. |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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January 30, 2012, 11:53:45 AM |
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BadBear
v2.0
Legendary
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Activity: 1652
Merit: 1127
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January 30, 2012, 12:40:35 PM |
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The Dude said no.  |
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waspoza
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January 30, 2012, 02:27:19 PM |
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I agree with The Dude.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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January 30, 2012, 02:45:46 PM |
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I'm back in. Go.  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Technomage
Legendary
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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January 30, 2012, 03:52:53 PM |
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I think that associating lowish volume with price drops is flawed. A large majority of Bitcoin trading is speculative, both buying AND selling. There is no drastic difference in the need for people to either buy bitcoins or buy dollars in this market environment. For example, during the rise from $2 to $7 we had many occasions of low volumes, yet the price was climbing up, slowly. Often there was a larger buy afterwards which lead to a rally of some kind.
If someone wants to argue this point, then there needs to be some data to support it. I have a hard time believing that lowish volume is always followed by a price drop. This was probably the case during the fall but we are in a different environment now. To me the price is on fairly neutral ground and it's truly quite hard to say where it'll go next.
In fact I think that a lot of times the reason we have a price drop after lowish volume is because someone is expecting a price drop and decides to go first, which then others follow. This is very important because a lot of what speculators do is based on what they think others will do.
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Technomage
Legendary
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Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
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January 30, 2012, 04:15:13 PM |
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I'm pretty tired of hearing about 'low' volume. So far, this month there have only been two days below $200K volume. In December there were 17 days below $200K. In November there were 22 days below $200K... So, compared to that recent history volume is not 'low'.
I think the whole problem with this perspective is that too many have become acclimated to a microscopic view of the market, obsessing about daily (hourly) wiggles and jumping at every bump and dip without really looking at anything in context...
Everything is just fine... +1 |
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StewartJ
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January 30, 2012, 04:19:07 PM |
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I'm pretty tired of hearing about 'low' volume. So far, this month there have only been two days below $200K volume. In December there were 17 days below $200K. In November there were 22 days below $200K... So, compared to that recent history volume is not 'low'.
I think the whole problem with this perspective is that too many have become acclimated to a microscopic view of the market, obsessing about daily (hourly) wiggles and jumping at every bump and dip without really looking at anything in context...
Everything is just fine... +1 Duly noted. |
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