Rocket is secretly taking off

[trogdorjw73]

9650 BTC to $6... let's see whether we can get past this barrier.

14k now

Damn, new 3k BTC wall... but we'll get past it.

By "we" I assume you mean "someone else that thinks this is a good idea, and hopefully my posts will be the prod they need"? Because, while I'm quite happy to see BTC prices going up, I sure as hell am not buying into the market at these prices. Thankfully, I've got plenty of Radeon GPUs to mine with, and at the current prices I make ~3x what I spend in electricity from selling the BTC. So far, my speculation attempts have sadly been lacking. I'm not more of a weekly (weakly?) trader, setting my buy/sell limits further apart in hopes of catching the large spikes.

Some look at the charts and say, "Wow, only 40K BTC more and we clear $6.10 and then there's very little resistance!" I on the other hand look at the current charts and think, "Wow, there's a big 40K wall that's only $0.15 away from our current price. If the people who make up that wall decide to sell now, 40K BTC would push us back to $5.50, and might trigger some concern to let it fall further." So, I'll sit back with my buy price of $5.50 and hope it gets filled, and then we'll rebound back up to the current $5.90 range.

/Fingers Crossed

So, even when you say you are not going to buy "at the current prices", you have buy order set for $5.5. That means, I assume, you are betting that the price won't go below that at any near future if nothing drastic happens. For me that is a sign of bullish market in itself.

Well, I've only got about $50 left in MtGox right now, and I'm hoping we'll get some swings back and forth on the price. If we get a slow but steady drop towards my buy price, I'll drop it down some more. I've had a few occasions where I caught a 10% swing in price three times in less than an hour; sadly, it hasn't ever happened when I had $300 worth of BTC available.

[ineededausername]

High: 5.99... feels like we're about to go over.

Walls might come down soon, and we'll be in the biggest Bitcoin rally ever.

[Oldminer]

 

[the joint]

I think the Challenger is taking off.  I heard zhoutong is at the helm.

[cbeast]

I think the Challenger is taking off.  I heard zhoutong is at the helm.

Kinda bad taste. Try to pick a tragedy a little older than that. 

[Crypt_Current]

I think the Challenger is taking off.  I heard zhoutong is at the helm.

+1

[notme]

I think the Challenger is taking off.  I heard zhoutong is at the helm.

Kinda bad taste. Try to pick a tragedy a little older than that. 

That happened before I was born  .

[the joint]

I think the Challenger is taking off.  I heard zhoutong is at the helm.

Kinda bad taste. Try to pick a tragedy a little older than that. 

Like Kennedy's assassination?

[BTCurious]

Like Whitney Houston's career?


Too early?

[Cluster2k]

Like Whitney Houston's career?


Too early?

By many accounts she loved to partake in certain illegal substances.  Maybe she took a walk on the Silk Road once too often.

[GeniuSxBoY]

Like Whitney Houston's career?


Too early?

too late

[cbeast]

Like Whitney Houston's career?


Too early?

too late

The difference is that Bitcoin cannot die.

[GeniuSxBoY]

Goonies never say die

[SlaveInDebt]

Goonies never say die

http://youtu.be/aMj0t7sds7I ...the rocket is taking off!

[the joint]

Like Whitney Houston's career?


Too early?

First it was Amy Whohouse, now it's Whitney Whoston.

[Oldminer]

Theres an old saying:

“Be Fearful When Others Are Greedy And Greedy When Others Are Fearful” - Warren Buffett

and

“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.” 

[ineededausername]

Theres an old saying:

“Be Fearful When Others Are Greedy And Greedy When Others Are Fearful” - Warren Buffett

and

“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.” 

I'm just playing my permabull role in the Spec forum.  Don't hate on me

[Oldminer]

Theres an old saying:

“Be Fearful When Others Are Greedy And Greedy When Others Are Fearful” - Warren Buffett

and

“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.” 

I'm just playing my permabull role in the Spec forum.  Don't hate on me

Nah no hate man.

[legitnick]

[arepo]

“There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee...that says, fool me once, shame on...shame on you. Fool me...you can't get fooled again.” 

what a sage