Spekulatius
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Activity: 1022
Merit: 1000
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June 10, 2012, 04:05:05 PM |
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I think its going to b at least a week till we hit 6$. If 5.4 breaks, well see a further decline to 5.30 and then back up (unless we break below 5.25$).
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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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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 10, 2012, 08:52:30 PM |
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Another explosive rally, just about to happen ? I THINK SO
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casascius
Mike Caldwell
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Activity: 1386
Merit: 1136
The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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June 10, 2012, 08:56:19 PM |
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I don't think it'll necessarily be a while before it bumps... for reasons completely unrelated to anything on the charts.
I think much of what's driving demand is the media's observation that the price has been more or less stable for quite a long time. That's enough to cause a snowball effect. If the media starts piling on the "look, bitcoins were never dead after all, and really are a stable store of wealth and the economy is growing and thriving"... well then... more google searches on Bitcoin, more eyeballs, more interest.
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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adamstgBit (OP)
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Activity: 1904
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June 10, 2012, 09:02:23 PM |
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I don't think it'll necessarily be a while before it bumps... for reasons completely unrelated to anything on the charts.
I think much of what's driving demand is the media's observation that the price has been more or less stable for quite a long time. That's enough to cause a snowball effect. If the media starts piling on the "look, bitcoins were never dead after all, and really are a stable store of wealth and the economy is growing and thriving"... well then... more google searches on Bitcoin, more eyeballs, more interest.
ya well we've been accumulating a lot of people on the side lines during the 5$ stability this period of volatility is their opportunity. expect more volatility... way more
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proudhon
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Activity: 2198
Merit: 1311
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June 10, 2012, 09:42:58 PM |
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Another explosive rally, just about to happen ? I THINK SO Why? There was a fair amount of buying between the lows in the $4s 3 months ago or so. With all the liquidity that's piled up on the buy side of things I think the view of further price decreases is more compelling as the people who bought between, say, somewhere in the $4s and $5.20 or so take their profits. I think this will go on for several weeks, maybe even months.
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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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adamstgBit (OP)
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Activity: 1904
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June 11, 2012, 06:00:55 AM |
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Another crazy "Bot Fight", or is this the new cool way to donate to MtGox?
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adamstgBit (OP)
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Activity: 1904
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June 11, 2012, 12:02:53 PM |
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Walls collide!
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Tittiez
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June 12, 2012, 09:39:51 PM |
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Booom
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arklan
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Activity: 1778
Merit: 1008
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June 12, 2012, 09:58:15 PM |
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what lovely day it's been.
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i don't post much, but this space for rent.
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adamstgBit (OP)
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Activity: 1904
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June 13, 2012, 03:35:47 AM |
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quick update
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Yuhfhrh
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June 13, 2012, 07:45:59 AM |
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I hope we can break past $6
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cloon
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June 13, 2012, 11:58:59 AM |
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touched 5.90 (with an about 3000 BTC buy)
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donations to 13zWUMSHA7AzGjqWmJNhJLYZxHmjNPKduY
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elux
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Activity: 1458
Merit: 1006
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June 13, 2012, 12:01:25 PM |
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Realpra
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June 13, 2012, 12:02:53 PM |
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I gave my mom ~2 bitcoins... I have a feeling they will make up a good chunk of her pension by the time she retires.
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proudhon
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Activity: 2198
Merit: 1311
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June 13, 2012, 12:54:41 PM |
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I like a bigger picture view, myself.
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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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arklan
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Activity: 1778
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June 13, 2012, 01:14:58 PM |
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i go to sleep and it jumps 20 cents... bloody hell what a week.
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i don't post much, but this space for rent.
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proudhon
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Activity: 2198
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June 13, 2012, 01:54:13 PM |
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i go to sleep and it jumps 20 cents... bloody hell what a week.
Were you around last year? There were times when I went to sleep and woke up several dollars later, and I didn't oversleep.
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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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arklan
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Activity: 1778
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June 13, 2012, 01:59:38 PM |
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i know about the spike to 30, yea. good point. but no, i just slightly missed it.
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i don't post much, but this space for rent.
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thezerg
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Activity: 1246
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June 13, 2012, 02:15:33 PM |
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the buyer tail is stretching pretty thin now... resistance at 6
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adamstgBit (OP)
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Activity: 1904
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June 13, 2012, 08:25:51 PM |
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is mtgox live bugged? its not loading the chart for me
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