Serge
Legendary
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Activity: 1050
Merit: 1000
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July 29, 2012, 07:21:19 PM |
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Tomorrow, we will see something interesting give us moar hints =)
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miscreanity
Legendary
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Activity: 1316
Merit: 1005
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July 29, 2012, 07:45:52 PM |
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Daily transaction volume fell below 20k a few weeks before the move up from the USD$5 level. During the period from May through the recent spike above $9, volume fell below 20k ten times, each instance occurring after a fairly significant move up relative to the prior low volume point. I would think that this time we'll see either a comparable period of a few weeks before a resumed rise, or as little as half that time. So far we've already had a one week respite and avoided the beginning of a bubble. Good news all around. Looking forward to "something interesting" tomorrow, INAU Edit: Forgot to mention, daily transaction volume was ~16k yesterday...
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 29, 2012, 07:46:39 PM |
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Tomorrow, we will see something interesting give us moar hints =) is their a rally coming up that idk about?
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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July 29, 2012, 09:44:04 PM |
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the pirate party is vanishingly unlikely to tip us off as to the direction of their planned move
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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Realpra
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July 30, 2012, 04:19:39 PM |
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Just keep in mind that lots of BTC have been created since the 11 high 25-30$ which means that the total BTC capitalization is reaching for the current "roof".
Has BTC really had that much natural growth supporting what was once a crazy bubble?
... I suppose the halving is coming.
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capsqrl
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July 30, 2012, 04:37:04 PM |
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Just broke 9!
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ineededausername (OP)
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July 30, 2012, 06:14:06 PM |
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Tomorrow, we will see something interesting It's starting
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(BFL)^2 < 0
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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July 30, 2012, 07:06:38 PM |
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false alarm.
at least for now
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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July 30, 2012, 07:07:52 PM |
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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ineededausername (OP)
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July 31, 2012, 02:03:08 AM |
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Another large buy has put us around $9.2... depth to $10 is now 45k BTC (it peaked at around 90k, so it has halved).
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(BFL)^2 < 0
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Yuhfhrh
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July 31, 2012, 02:49:22 AM |
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Tomorrow, we will see something interesting Are you the btc-e hacker?!?
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Bjork
Sr. Member
Offline
Activity: 457
Merit: 250
Look for the bear necessities!!
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July 31, 2012, 05:45:01 AM |
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Tomorrow, we will see something interesting Are you the btc-e hacker?!? lmao +1
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ineededausername (OP)
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August 01, 2012, 02:04:32 PM |
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The predicted ramp continues... 9.54 high, and I see no reason to believe that it's stopping.
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(BFL)^2 < 0
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 01, 2012, 06:42:33 PM |
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The predicted ramp continues... 9.54 high, and I see no reason to believe that it's stopping.
bitcoin rallied from 5 to 9 in 2 months now for 2 weeks we have been at 9 isn't clear we have topped off? even if this rally pushes higher... how much higher? the higher the fewer coins are needed to crash it.
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thezerg
Legendary
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Activity: 1246
Merit: 1010
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August 01, 2012, 07:33:52 PM |
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We pushed over 9 2 weeks ago in an unhealthy situation that many attribute to a particular market manipulator. Take a look at this graph and tell me if you see a top: http://blockchain.info/charts/market-price?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=I just see an artificial spike... There was 60k btc for sale at or below 10 yesterday and 35k now. This is a healthy amount (shows market conviction), but the trend remains bullish. And these pushes and stalls are another healthy indicator in comparison to the kind of rise irrational exuberance produces. These smaller dumps and sell walls look to me like short-term speculators calling a top and then getting eaten by long term investors who are going to put the coins in the freezer. But its ok I know you sold your coins... keep trying to retroactively justify the choice
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ineededausername (OP)
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August 01, 2012, 08:16:18 PM |
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The predicted ramp continues... 9.54 high, and I see no reason to believe that it's stopping.
bitcoin rallied from 5 to 9 in 2 months now for 2 weeks we have been at 9 isn't clear we have topped off? even if this rally pushes higher... how much higher? the higher the fewer coins are needed to crash it. We spent two weeks below 6.8... woe to those who sold below 7 (or 8, or 9).
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(BFL)^2 < 0
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miscreanity
Legendary
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Activity: 1316
Merit: 1005
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August 01, 2012, 08:19:33 PM |
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We pushed over 9 2 weeks ago in an unhealthy situation...
Exactly. If the investment and speculative capital continues to steadily flow into Bitcoin, that wealth won't be easily spooked with the lack of technical bid vacuum areas. Most are only looking at the purely speculative aspect of the Bitcoin markets without taking into account real world business activity. As a market grows toward the 9-10 digit size, it starts attracting 'legitimate' businesses that see a potential client/consumer market that can be tapped. So at some level not too far above the USD$100mm market size, real businesses should start waking up to Bitcoin's presence and seek ways to tap into it. With that happening, the chances of Bitcoin's exchange rate collapsing becomes even more remote.
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jojo69
Legendary
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Activity: 3318
Merit: 4606
diamond-handed zealot
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August 02, 2012, 04:06:54 AM |
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These smaller dumps and sell walls look to me like short-term speculators calling a top and then getting eaten by long term investors who are going to put the coins in the freezer.
bitcoins in the freezer please her with a tweezers
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This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable. Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
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FreeMoney
Legendary
Offline
Activity: 1246
Merit: 1016
Strength in numbers
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August 02, 2012, 04:33:03 AM |
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We pushed over 9 2 weeks ago in an unhealthy situation...
Exactly. If the investment and speculative capital continues to steadily flow into Bitcoin, that wealth won't be easily spooked with the lack of technical bid vacuum areas. Most are only looking at the purely speculative aspect of the Bitcoin markets without taking into account real world business activity. As a market grows toward the 9-10 digit size, it starts attracting 'legitimate' businesses that see a potential client/consumer market that can be tapped. So at some level not too far above the USD$100mm market size, real businesses should start waking up to Bitcoin's presence and seek ways to tap into it. With that happening, the chances of Bitcoin's exchange rate collapsing becomes even more remote. 9-10 digit size? Like $857,499,185 and $1,320,419,443? :-)
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
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miscreanity
Legendary
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Activity: 1316
Merit: 1005
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August 02, 2012, 04:41:41 AM |
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9-10 digit size? Like $857,499,185 and $1,320,419,443? :-)
Yes! Exactly those numbers!
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