Quote from: WackyWilly on May 06, 2013, 07:01:11 PM

Quote from: mgio on May 06, 2013, 06:05:10 PM

I don't know what you are talking about.
The volume does not look any different than normal.
And you have offered no evidence that the price is going to drop other than voodoo TA BS.
The price is going to $150 by the end of next week at the latest because of the news from China.

The China news has been out since May 3rd (CCTV broadcast). I, too, think that -in the end- a China participation will be beneficial. Yet, I look at the market itself instead of hyping TV stuff. It should be noticeable in the market. The market is up since May 3rd, hitting resistance. On low volume.

The fact you call tech analysis BS is up to you. Voodoo I leave up to others.
But obviously, this isn't for you. Let's be polite and leave it at "everyone is entitled to his/her own reading of reality", shall we?

Hype means more than anything for bitcoin price right now. Since there are no traditional fundamentals, bitcoin is only about hype. It is almost a pure bubble. Thus what appears in the newspaper means everything to bitcoin right now.

I actually like to see the TA posts here. Kind of like reading my horoscope in the paper from time to time. It is interesting stuff but I have yet to ever see it back by real evidence than it ever works.
If you post it though, expect people to tear it apart if they disagree.

i don't respond to the TA posts in order to start a fight or to piss anyone off. I worry about the newbies who will buy into it without doing their due diligence.