First sell-off/Bear trap.

hah, that coin's value has so many zeroes after the decimal point I needed to put my finger over the screen to count them. And that's when valued against LTC. Houston, we have a problem.

Yes, but only if you sold less coins than you plan on buying. It would be a risky move that could backfire (sure someone will try it though).

Personally I'm pretty sure most, if not all, batches of FBI coins will sell for a premium. Not because the coins are "clean" or "collectible", but because the investors would happily pay more to avoid slippage.

Think about this hypothetical situation:

20 individuals bid on the coins. I think most investors would bid for more than 1 batch of coins, with a number of bids below market and a number above market price. You only need half of the individuals to make a single bid over market price for all the coins to sell at a premium.

In other words, if you think ALL of the coins will sell at a discount, then that means that NOT A SINGLE BIDDER will bid over market. Pretty unlikely I would say.

keep em coming

Well a normal seller wouldn't dump thousands of coins at market price, as they'd lose a shit load of money due to slippage. So in this case I'd say it was most likely manipulation.

 

I'm going down with the ship: https://www.youtube.com/watch?v=PPIwFRZXUA4

Ling Xiaoyu with her 10 hit combos begs to differ... A metaphor for China leading this rally perhaps?  

Holy shit is China going nuts or what? I know, possible fake volume etc. but the price is over $900 on the Chinese exchanges.

You lucky fucker!  

Nice one man, make sure you set a stop loss just in case!

FAB Virgil, Thunderbirds are go!!!

Holy shit, wish I had some renminbi's.

Huobi = 6833 CNY = $983
Bitfinex = $945
Bitstamp = $936

Some people are making a metric fuckton of money right now just from the arbitrage I suspect, that's a big spread.

Fucking class. Someone make a gif with the Wrath of Khan ear slugs.

Small correction incoming by the looks of it, will be interesting to see how much support holds in the next hour or two.

Hitting the resistance level at ~ $920.

With a little bit of buying we could shoot past this level into the $940 range. Then either bull run back up to $1000+ levels, or sell-off back to the $850 levels. I think this is the most likely scenario [edit, I mean the breaking of the 920 level to the upside is likely], then... (perhaps 70% chance of bull run, 30% chance of drop to ~ $850, if the $920 barrier is broken to the upside)

If the resistance level at $920 isn't broken (but I think it will be), we could see a further drop, perhaps to $750-800.

That's my feeling looking at the charts, anyway.

It looks bullish to me. keep hodling, hodlers... lets keep this rollercoaster climbing!

No, it doesn't mean that, just that it's probable. Anyway we've gone to 925 now, so it's looking bullish imo.

We can only speculate on probabilities, no-one knows the future. But the charts are looking rather healthy.

Well that sounds very unrealistic to me. Especially considering the market caps of PMs and how much capital is needed to affect the price, the prices that you speak of (especially gold) would probably take years to reach those levels. The case with silver reaching nearly 10x its current price is more realistic due to its lower market cap, and its higher industrial value as a percentage of its worth (compared to gold), but still seems very unlikely to me.

The next few months will be an interesting time for bitcoin, and I'm sure we'll see some volatility, but the utility of bitcoin and other cryptos over PMs just make them a far better long term hedge IMO. For a non cryptocurrency investment I would be looking into property and land, over PMs.

That said, in the words of Wu-Tang Financial: "You need to diversify yo bonds, nigga"

I think the price will get close to the price of $2789 on Bitstamp (on July 6th) within 24 hours from now, and then there will be a correction, probably bringing the price down to the region of $2400. After the weak hands have sold, I speculate the price will shoot upwards again once more, and will hit an ATH around 24 hours after that.

I call ATH on 22nd of July, at 16.32 GMT.

 

Weird move that one. Seems like someone/some people just decided to market buy 700 BTC at once, for some reason... EDIT: and that was just on Bitstamp...

EDIT2: Looks like the move started a little earlier on the Chinese exchanges (OKcoin and BTC China), then probably bots on Finex and Bstamp carried on the move upwards? The next few hours might be interesting.

That 30min green candle is just ridiculous, surely the price has to come down at least by $100 before another move up. Right?

Then again, this is bitcoin so w/e