Author Topic: Bitcoin is going nuts today  (Read 11397 times)

0 Members and 1 Guest are viewing this topic.

Offline luckybit

  • Hero Member
  • *****
  • Posts: 2921
    • View Profile
  • BitShares: Luckybit
Soon:  Counterparty #2 crypto, bitcoin to the moon before we even manage to get the marketing campaign off the ground?

I shouldve stayed a bitcoin cultist. :P

BTS is rising as well.

The 1-day and 12-hour charts suggest that BTC is about to break out of the year-long downtrend:
https://www.dropbox.com/s/easu6iafasn0stc/Screenshot%202014-11-12%2008.03.32.png?dl=0

If confirmed, you should expect to see quite a lot of new money flowing into bitcoin and all the major 2.0 currencies.

This could be a sea change, guys. Hang on.

My theory is it had to do with the massive Silk Road 2 confiscations. When coins are taken out of circulation suddenly like that then the price can only go up in response. Maybe now is a good time to try BitBTC.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
This is all true but I'm not so worried about the Bitcoin price. The price is probably going up because law enforcement just confiscated a bunch of coins again which probably were going to be dumped.

In a way law enforcement confiscation seems correlated with price increases.

That was possibly one trigger, but I think the bear market ended in october and it is starting to rise once again.

The question is: can we keep up?  Bitcoin could hit new all time highs by the end of the year.
This is an opportunity, it means moeny will flow into crypto.  We either capture a good part of it with our marketing campaign, or we fall.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline werneo

  • Sr. Member
  • ****
  • Posts: 305
    • View Profile
    • chronicle of the precession of simulacra
  • BitShares: werneo
Soon:  Counterparty #2 crypto, bitcoin to the moon before we even manage to get the marketing campaign off the ground?

I shouldve stayed a bitcoin cultist. :P

BTS is rising as well.

The 1-day and 12-hour charts suggest that BTC is about to break out of the year-long downtrend:
https://www.dropbox.com/s/easu6iafasn0stc/Screenshot%202014-11-12%2008.03.32.png?dl=0

If confirmed, you should expect to see quite a lot of new money flowing into bitcoin and all the major 2.0 currencies.

This could be a sea change, guys. Hang on.


Offline luckybit

  • Hero Member
  • *****
  • Posts: 2921
    • View Profile
  • BitShares: Luckybit
This is all true but I'm not so worried about the Bitcoin price. The price is probably going up because law enforcement just confiscated a bunch of coins again which probably were going to be dumped.

In a way law enforcement confiscation seems correlated with price increases.
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Heh, it went up $8 while I typed htis post, and down $15 a minute later. 
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads

Offline Ander

  • Hero Member
  • *****
  • Posts: 3506
    • View Profile
  • BitShares: Ander
Soon:  Counterparty #2 crypto, bitcoin to the moon before we even manage to get the marketing campaign off the ground?

I shouldve stayed a bitcoin cultist. :P
https://metaexchange.info | Bitcoin<->Altcoin exchange | Instant | Safe | Low spreads