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    Author Topic: BTC Near Term Outlook  (Read 1056 times)

    • BTC Economist (OP)
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    June 28, 2011, 09:36:30 PM
     #1
    USD/BTC exchange rate poised to escalate rapidly in the coming days.  Excellent buying opportunity at the moment.  Huge demand post Gox re-open bodes well for investors.  Mining expected to become more difficult through upswing.  Be prudent with capital expenditures.
    When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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  • Shinobi
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    June 28, 2011, 09:39:38 PM
     #2
    All you are missing are the substituted characters like '$' for 's' and you'd have half the spam in my Junkmail folder.
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  • Atom
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    June 28, 2011, 09:41:29 PM
     #3
    These markets aren't hard to read Shinobi, go look at some of the charts at the various exchanges and you'll see exactly what BTC E is talking about.  Remember to look at both USD and Liberty Reserve on tradehill, since they do them separately.
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  • Serge
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    June 28, 2011, 11:21:10 PM
     #4
    So, you finally bought some?  Cool   now it must go UP UP UP =)

  • Atom
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    June 28, 2011, 11:35:45 PM
    Last edit: June 29, 2011, 12:17:27 AM by Atom
     #5
    No... The fact that on a market like BitCoinMarket BTC:LRUSD the spread was buyers at 12, sellers at 17, and rather than the sellers coming down (which would suggest that they were concerned about the price being too high and were willing to accept less) the buyers came up to 14, then 15, and now 16 while the sellers then retreated back into the $19 area.

    But that's just my take
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  • BTC Economist (OP)
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    June 29, 2011, 12:16:29 AM
     #6
    Quote from: Serge on June 28, 2011, 11:21:10 PM
    So, you finally bought some?  Cool   now it must go UP UP UP =)

    I have held a position in BTC even while my near term outlook was negative.  My long term outlook remains unchanged.
    When BTC soars, you need to be READY!  PM me to learn more about my new e-book, How to Create and Profit from the Second Bitcoin Bubble available exclusively to BTC forum members!

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