Wall Observer - MtGoxUSD wall movement tracker

[Hexadecibel]

Fun times ahead.

then there's this guy

[S3052]

just showing a parallel of current 2013 picture to the run up to the all-time-high in 2011.
http://bit.ly/qJDsYw

looks very similar, and totally possible.

this does not mean that this IS the way it goes this time, but there was similar skepticism and bears crawling out of their hole at around 3 $ and 6-7 $ in spring 2011 - and then prices quadrupled again in the next 4-5 weeks.

[zoinky]

Fun times ahead.

then there's this guy

He's the wildcard.

http://www.youtube.com/watch?v=MYtjpIwamos

[adamstgBit]

Fun times ahead.

then there's this guy

He's the wildcard.

http://www.youtube.com/watch?v=MYtjpIwamos

Wild card Bitches!
 i lol'd

[mb300sd]

Fun times ahead.

Up or down??

Can't hurt to try

[evoorhees]

This rally is pointless, if we hit 19 again we'll just get another smack down.

On what basis do you conclude that?  My take is that Bitcoin is still undervalued* and that the only reason we had the shakeout is because enough people believe growth that fast shouldn't be sustainable.  If it really is as undervalued as I believe then the an increase in price closer to a realistic evaluation is only waiting on enough people realising how undervalued it still is.

Sometimes such things are easier for people on the outside to see than those who may be over-familiar with previous patterns.  Given that so many here are not comfortable with fast growth and may be looking at things from the perspective of their purchase price it is not surprising every now and again that we have a good shake out.

However there are as far as I can see and as far as others have pointed out quite eloquently, plenty of fundamentals pointing to an exponential growth (at least for some time) which eventually, despite the pressure of those refusing to believe it, is bound to be reflected in the shape of the growth chart.

* This whole post is based on the undervalued assumption which is the assumption upon which my trading decisions are made.  This is not to say that I deny I may be wrong.  It's not what I'm arguing.  What I'm questioning is why others who are bullish in the bigger picture are seeing an unlikelihood of buying pressure continuing after the weekend?

Speculation is the main factor driving the price, so bitcoin will always be overvalued.
If bitcoin was worth 17$ due to supply and demand, speculation would drive the price in the 100's.

Yes this may well be true, but there is a difference between legitimate speculation and illegitimate speculation. If the future of Bitcoin is very bright, then speculative froth up to $100 may be justified. If the future of Bitcoin is dim, then any speculation over $17 may be foolish.

Of course, all we can do is make informed guesses about the future of this technology.

[Spaceman_Spiff]

Maybe we should divide it in three threads:

1) "I wish the price falls/rises, so I can buy/sell again"
2) "At the moment the following walls are present:"
3) "I believe the price will do x because of technical explanation y"

But this here.. A wild combination of all three, with the loudest and most babbling voices trying to manipulate the price the most, for silly amounts like 10btc..
Really, this thread is to "speculation" what /b/ is to the internet.

Some months ago I finally stopped daytrading, which was a very healthy decision for my wallet. Maybe another healthy decision is due now..

Ente

I love this thread, wouldn't change anything about it.  It is fun and occasionally offers some insight (between all the bullshitting).  If you want it to be functional: look at it as a trader sentiment meter.

[Beta-coiner1]

Fun times ahead.

then there's this guy

Yeah,lol!

I doubt $20 can be broken within a week though.

[keewee]

Fun times ahead.

then there's this guy

Yeah,lol!

I doubt $20 can be broken within a week though.

40,000btc to break $20, would be fun to watch though  

[jwzguy]

40,000btc to break $20, would be fun to watch though  

That's not very much.

[robocoin]

Fun times ahead.

then there's this guy

Yeah,lol!

I doubt $20 can be broken within a week though.

40,000btc to break $20, would be fun to watch though  

[S3052]

40,000btc to break $20, would be fun to watch though  

That's not very much.

800,000 USD is about 30 seconds of APPL volume...

[oakpacific]

If the bears still got something to dump, I can't think of any reason why they have not done it.

[adamstgBit]

If the bears still got something to dump, I can't think of any reason why they have not done it.

we want to sell high, so we'll let you bulls push up the price, until one of us takes the first good dump. 

[oakpacific]

If the bears still got something to dump, I can't think of any reason why they have not done it.

we want to sell high, so we'll let you bulls push up the price, until one of us takes the first good dump. 

 Nobody here doesn't know that bears, and not just bears, will sell at a certain high price, the question is why $19 should be that "high price". But yeah, you have been setting targets and making calls for months, never mind one more fail.

[adamstgBit]

If the bears still got something to dump, I can't think of any reason why they have not done it.

we want to sell high, so we'll let you bulls push up the price, until one of us takes the first good dump. 

 Nobody here doesn't know that bears, and not just bears, will sell at a certain high price, the question is why $19 should be that "high price". But yeah, you have been setting targets and making calls for months, never mind one more fail.

price is going to go up up up, and retards will take dumps along the way!
buy buy buy!

is that more to your liking?

friends don't let friends buy bitcoin at the top. 

[thoughtfan]

friends don't let friends buy bitcoin at the top. 

I'll be sure to give my friends a month or two's notice if ever I think we're nearing the top

[robocoin]

If the bears still got something to dump, I can't think of any reason why they have not done it.

we want to sell high, so we'll let you bulls push up the price, until one of us takes the first good dump. 

 Nobody here doesn't know that bears, and not just bears, will sell at a certain high price, the question is why $19 should be that "high price". But yeah, you have been setting targets and making calls for months, never mind one more fail.

price is going to go up up up, and retards will take dumps along the way!
buy buy buy!

is that more to your liking?

friends don't let friends buy bitcoin at the top. 

Adam I knew you didn't test the price but how deep  the bs goes on your thread. You gave up too early.

[oakpacific]

If the bears still got something to dump, I can't think of any reason why they have not done it.

we want to sell high, so we'll let you bulls push up the price, until one of us takes the first good dump.  

 Nobody here doesn't know that bears, and not just bears, will sell at a certain high price, the question is why $19 should be that "high price". But yeah, you have been setting targets and making calls for months, never mind one more fail.

price is going to go up up up, and retards will take dumps along the way!
buy buy buy!

is that more to your liking?

friends don't let friends buy bitcoin at the top.  

Yeah, that's exactly what I want to tell you, don't panic buy near the top, like how you panic sold at CAD 16.25.

[adamstgBit]

  i know!
oh well...

my wife brought home 1/2 a gram of pot! woot woot!