well, that's what people who is buying now thinks, I guess. If I'm more manipulative, I won't even hold an open bid order, and just hold a open ask order, trying to make the price down. We all know that lots of people with vulnerable faith just came in for a quick profit. we should not let them win such a easy lottery. Let them sell back the bitcoin to us at a low price!

I guess we should just withdraw the open bid order, let those people who subconsciously like to sell be scared, and do their SELL SELL SELL job!

Everybody, trust me, if we push the price high too soon, it will be dangerous for the bitcoin community. those people who want to get profit fast will cash out their profit very fast, and it's not good for the bitcoin. If we push the price up like fast like 100% in 3 days, it will get us another crash.

Everybody who is solid believe in bitcoin, we should not buy now, just hold our fiat money, and force those people who don't really believe in bitcoin sell at low price!!

Ok, people panic always. they panic to sell and panic to buy. The latter one is what's going on right now.

I'm actually not very good at technical  analysis. Would you please explain it in detail. Thanks in advance.

but I still think it's bad for us to push the price now. those stupid panicky didn't all get out.

When the price of Bitcoin was rapidly climbing from $3 to $30 USD, I started valuing Bitcoin at the 30 day weighted average price (right hand side). The possibly flawed assumption is that better reflects the fundamental value of bitcoin than the peaks and valleys.

Currently, the 30 Day price is listed at $17.69  USD/BTC. IMO, anything less than that is a good price if you are buying for the medium-long term. Keep in mind that the 30 Day price won't predict any fundamental problems with the currency that may cause the value to drop to 0. Conversely, it won't predict a long-term price adjustment; there will be a 30 day lag.

the problem is you can use an infinite number of measures of so called value; VWAP is another one that comes to mind.  i see in my stock trading program at least a hundred different ways of doing this.  ALL FUTILE! and i should know having tried many out.

trading is tough; currencies are no different than stocks.  sometimes you just have to believe...

i'm a Dad too.  but does yours understand computers and whats happening with the Internet?  not to mention understanding money.

only if you use leverage.

certainly you need to listen to your Dad.  but most financial experts have gotten the last 11 yrs very wrong.

i'm a Boomer but i think the young ones have got this one right and am going with them this time around.  i just know that they aren't gonna put up with this BS the Boomers are trying to shove down their throats (namely debt servitude).

surely it will be more volatile due to the scarcity of btc's and the immaturity of the currency.

but w/o the derivatives (puts, calls, short selling)  i don't see how it can be manipulated effectively.