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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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
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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
Merit: 1037
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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. |
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
Merit: 1037
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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. |
i don't post much, but this space for rent.
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
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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)  |
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.  |
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
Merit: 1311
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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. |
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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