Who thinks we are we going to break $450 today?
Bitcoin Analysis 22 replies
Bitcoin-Family math and technical analysis 20 replies
Fundamental Analysis, Technical Analysis Or Graph Analysis? 28 replies
Dislikedhi all, well never a dull moment with BTC! and price reaching for the moon - it's going to come down hard when the profit-taking starts, but when? $500, $499? $750? Probably crash MtGox servers again like last time! I'm watching BTCUSD head for $460... what i notice is the market is quite thin - back when BTCUSD was near $100 there would be orders for 20,000 coins and more in a $15 range above and below current price, but now it's only around 2000 worth... Up on low volume? sign of imminent reversal? We'll just have to wait and see! {image}Ignored
Disliked{quote} yeah I agree. I don't think it will be easy to predict the top, just like you said. But I already sold mine because I know I will be able to buy them way lower. Last true profit-taking was at 230$, people end up absorving them at 200$ 400$ profit-taking was absorved at avrg of 320$ each swing from top to bottom was 23% on first and 27% on second so relativily they were the same. Still 3 things I note here. 1) While people were happing to absorve 230$ sell-off at avrg price of 200$ when it come to 400$ it average at 320$ Thefore it...Ignored
Disliked{quote} Impossible to "know" such a thing...very dangerous mentality for a trader.Ignored
DislikedBesides comparing bitconi with tulips is like comparing apples to colors.. there were also people who said internet was not going to be a big thing. When people realize the potential then its already at the potential and you just missed it. People will keep missing the point of bitcoin until its too late.Ignored
Disliked{quote}e Not really. The internet is easy to access, and it's available to almost everyone. .Ignored
QuoteDislikedBitcoins despite their value are inaccessible BECAUSE of their value.
QuoteDislikedNot to mention, they are on every central banks hit list. They will likely keep climbing. Their scarcity will be a continued factor in the value increase. But when they governments find a way to get their fingers in the pie and tax and regulate them, they will crash just like tulips.
QuoteDislikedThe last bitcoin jump happened with the mainstream news report about the guy that had a hidden stash he got for 20 cents a pop that he found out was worth$800k. That's not a bubble I want any part of
Disliked{quote} yeah I agree. I don't think it will be easy to predict the top, just like you said. But I already sold mine because I know I will be able to buy them way lower. Last true profit-taking was at 230$, people end up absorving them at 200$ 400$ profit-taking was absorved at avrg of 320$ each swing from top to bottom was 23% on first and 27% on second so relativily they were the same. Still 3 things I note here. 1) While people were happing to absorve 230$ sell-off at avrg price of 200$ when it come to 400$ it average at 320$ Thefore it sugests...Ignored
Disliked{quote} Impossible to "know" such a thing...very dangerous mentality for a trader.Ignored
Disliked{quote} I am pretty sure it will be lower than 400$ {quote} Besides comparing bitconi with tulips is like comparing apples to colors.. there were also people who said internet was not going to be a big thing. When people realize the potential then its already at the potential and you just missed it. People will keep missing the point of bitcoin until its too late.Ignored
Disliked{quote}e Not really. The internet is easy to access, and it's available to almost everyone. Bitcoins despite their value are inaccessible BECAUSE of their value. Not to mention, they are on every central banks hit list. They will likely keep climbing. Their scarcity will be a continued factor in the value increase. But when they governments find a way to get their fingers in the pie and tax and regulate them, they will crash just like tulips. The last bitcoin jump happened with the mainstream news report about the guy that had a hidden stash he...Ignored
Disliked{quote} Now internet is easy to acess and avaible to almost everyone. Before it wasn't. Still there were people not seeing it to be a big thing. {quote} You can buy 0.00000001 BTC , and more divisibility is possible if its eventually needed. {quote} Goverment taxing bitcoins is like saying goverment will be able to tax the internet somehow. And no so far its not on the central banks hit list, they don't even care about it. But when they do lets see what they will do. They can't just create bitcoins out of nothing and crash it. Or just outlaw bitcoin....Ignored
Disliked{quote} hi Bruce, I get your scepticism, but almost everything operates in boom and bust cycles. Bubbles have affected all asset classes from Gold to housing to tulips. BTC is not trading like a currency yet, but more like a commodity: metals, produce, energy... so like those instruments the cycles between high and low are fast... it's a case of Jack be nimble, Jack be quick. And fun - not the "ultimate" investment, but a high speed multiplier if you can trade agile and smart (and accept the associated risk)Ignored
Disliked{quote} Agree. Light on the feet is the way to be in this case. However, with the recent volatile rise, it's just too far up the ladder for me right now. It makes no sense to chase price at the top. It may very well go another couple hundred bucks up. But with so many other ripe opportunities that play out every day in FX with much more favorable risk/reward scenarios, and much higher probability, it's silly to take the chance. Like any other FX instrument, it will be an oscillator. Full range still to be determined.Ignored
Disliked{quote} Agreed. Like you, I cannot see a justifiable reason to join the long stampede now. Also, I don't trust the small brokers (and their rates) who offer short CFDs so for me it's classic "buy-and-hold" only. Buying right now would be daft, as the signs of a topping process are already in evidence. Once it drops it would be interesting to try and analyse for the bottom and get in on the next leg. I'm talking $100. The hearing tomorrow may mean the next leg up is cancelledIgnored