Title: On a positive note... Post by: hector3115 on April 14, 2015, 08:25:48 PM A double tap on that low of 166 would be a powerful double bottom pattern reversal. You know a big bear like this is going to go out with a bang.
Title: Re: On a positive note... Post by: hector3115 on April 14, 2015, 08:30:48 PM In fact, if it bounces hard off that double bottom on strong volume, I could see V recovery back to the all time high in no time
Title: Re: On a positive note... Post by: Dilla on April 14, 2015, 08:34:40 PM ^yep
Title: Re: On a positive note... Post by: the_sunship on April 14, 2015, 08:41:27 PM the more merchants we have, the more selling we have. The more hacks, the more selling.
it's just selling, selling, selling until all our nuts go blue. The only thing keeping this afloat are the hoarders, of which I am proudly one of them. Title: Re: On a positive note... Post by: oblivi on April 14, 2015, 09:12:56 PM the more merchants we have, the more selling we have. The more hacks, the more selling. In long term hold games like this the more patient win, but sometimes it's good to realize if we are bubbled or not. That is very hard to do tho, and you can risk missing a perfect spot for moon.it's just selling, selling, selling until all our nuts go blue. The only thing keeping this afloat are the hoarders, of which I am proudly one of them. Title: Re: On a positive note... Post by: samson on April 14, 2015, 10:47:02 PM the more merchants we have, the more selling we have. The more hacks, the more selling. it's just selling, selling, selling until all our nuts go blue. The only thing keeping this afloat are the hoarders, of which I am proudly one of them. When the HODLers start selling the shit will really hit the fan. Title: Re: On a positive note... Post by: merve10495 on April 14, 2015, 10:50:39 PM the more merchants we have, the more selling we have. The more hacks, the more selling. it's just selling, selling, selling until all our nuts go blue. The only thing keeping this afloat are the hoarders, of which I am proudly one of them. When the HODLers start selling the shit will really hit the fan. When we sell we then buy the same amount of coins at a lower price for profit. A lot more buying and the price bounces back up. Hopefully in the 'V' everyone was talking about ;) At least that's me being a hopeful. It's also nice to see a positive post on the speculation thread this time of year! Title: Re: On a positive note... Post by: spiderbrain on April 15, 2015, 12:27:08 AM The only thing keeping this afloat are the hoarders, of which I am proudly one of them. Hodl for life. I will be waiting with some cash to add to my stash at 166.Title: Re: On a positive note... Post by: techgeek on April 15, 2015, 12:43:32 AM just keep in mind that its low only for temporary, because real situations are going need bitcoin in the long run.
Heres a live example of a recent reddit post on what I read of a fiancial adviser. http://www.reddit.com/r/Bitcoin/comments/32jucl/let_me_tell_you_a_little_story_about_my_day_at/ In my view a bunch of people who dont want that hassle will favor bitcoin. Title: Re: On a positive note... Post by: Amph on April 15, 2015, 07:46:46 AM the more merchants we have, the more selling we have. The more hacks, the more selling. it's just selling, selling, selling until all our nuts go blue. The only thing keeping this afloat are the hoarders, of which I am proudly one of them. When the HODLers start selling the shit will really hit the fan. When we sell we then buy the same amount of coins at a lower price for profit. A lot more buying and the price bounces back up. Hopefully in the 'V' everyone was talking about ;) At least that's me being a hopeful. It's also nice to see a positive post on the speculation thread this time of year! there is no guaranteed that it will fall lower after you sell, that's the hard part, so you will remain stuck there with your bug or selling at loss under 166 i would say that you can buy forever, no matter if will keep falling, because the price will be too attractive for every more dump Title: Re: On a positive note... Post by: NUFCrichard on April 15, 2015, 10:27:23 AM In fact, if it bounces hard off that double bottom on strong volume, I could see V recovery back to the all time high in no time Optimistic! This is why I can't understand techincal analysis, the price falling to a low point twice indicates that it will go up in value? How does that work then? I still predict $400 thsi summer, but the market sentiment is poor at the moment, and I don't know why. Title: Re: On a positive note... Post by: NeuroticFish on April 15, 2015, 10:33:15 AM If it stays over 200$ we are on the latest "normal" 200-300$ area, which is actually OK. Under that value.. it may be rather chaotic and more will lose faith into Bitcoin.
But I don't think that's gonna happen. All the crying is done by traders that want to earn a few more bucks on the panicking ones. Title: Re: On a positive note... Post by: spiderbrain on April 15, 2015, 11:06:22 AM Optimistic! This is why I can't understand technical analysis, the price falling to a low point twice indicates that it will go up in value? because people believe it will work. That's the essence of TA, it's just patterns of human psychology, nothing to do with markets. Ridiculous, I know, but often works!How does that work then? Title: Re: On a positive note... Post by: ravenjt on April 15, 2015, 12:28:46 PM In long term hold games like this the more patient win, but sometimes it's good to realize if we are bubbled or not. That is very hard to do tho, and you can risk missing a perfect spot for moon. This just doesn't fit with the reality we have observed since November 2013 (although does fit with before then). Since Nov 2013, we have witnessed a fairly steady decline, through a series of downward steps, from 1,100 ish to 220 today. This process continues, some 17 months after it began. This is a remarkably slow and predictable bursting of a bubble. Past bubbles, including past bitcoin bubbles, deflated much more quickly, in a matter of days/months. Even historical bubbles, like the tulip bubble, all deflated within a year. I would have thought that in this age of instant information, bubble bursting should be instant. But no, even after 17 months the realisation that the price is going to fall has still not fully been reflected by traders. Crazy. It must be due to fanatics, holding up the price (at huge financial loss to themselves), rather than letting it find its new equilibrium level. Title: Re: On a positive note... Post by: thejaytiesto on April 15, 2015, 02:11:39 PM If it stays over 200$ we are on the latest "normal" 200-300$ area, which is actually OK. Under that value.. it may be rather chaotic and more will lose faith into Bitcoin. It's going to be fun seeing all the weak hands having strokes as soon as we test 1xx$, but im here for long term so that is only good news for anyone like me.But I don't think that's gonna happen. All the crying is done by traders that want to earn a few more bucks on the panicking ones. Title: Re: On a positive note... Post by: zby on April 15, 2015, 02:26:51 PM ... It's going to be fun seeing all the weak hands having strokes as soon as we test 1xx$, but im here for long term so that is only good news for anyone like me. It is not a weak hand one that kept BTC through all that down slide. The weak hands sold at 1100 :) Title: Re: On a positive note... Post by: Fabrizio89 on April 15, 2015, 02:28:06 PM Yeah that would be so awesome. But I think we'll stop a bit before that
Eur looks like it's kinda bottoming too and btc followed it pretty nicely, mainly because of DXY Title: Re: On a positive note... Post by: mrhelpful on April 15, 2015, 04:01:46 PM ... It's going to be fun seeing all the weak hands having strokes as soon as we test 1xx$, but im here for long term so that is only good news for anyone like me. It is not a weak hand one that kept BTC through all that down slide. The weak hands sold at 1100 :) Must be nice lol. Selling at 1,100 is probably the best selling point anyone could of done at the time, cause if you look at it now, youd be crying right lol. Like the prices are becoming more dirt cheap. Title: Re: On a positive note... Post by: JayCoDon on April 15, 2015, 04:04:26 PM Selling at $1,100 and then buying today would have made me an even richer person if I then held long-term.
Title: Re: On a positive note... Post by: dothebeats on April 15, 2015, 05:21:08 PM ... It's going to be fun seeing all the weak hands having strokes as soon as we test 1xx$, but im here for long term so that is only good news for anyone like me. It is not a weak hand one that kept BTC through all that down slide. The weak hands sold at 1100 :) No, those people aren't weak hands, they just used the moment as a leverage and wait for another opportunity to again make a profit. At that point in time, they were the luckiest of the luckiest in this world, seeing that you'll get a couple of thousand $$$ for a piece of technology that is worth basically nothing a few years back is already luck, and it doesn't end there. If those people who sold at the ATH returned and bought dirt-cheap coins, they wouldn't get a hard time getting a profit because all they need to do is to hoard and hodl and, profit. Title: Re: On a positive note... Post by: hellscabane on April 15, 2015, 05:46:35 PM In long term hold games like this the more patient win, but sometimes it's good to realize if we are bubbled or not. That is very hard to do tho, and you can risk missing a perfect spot for moon. This just doesn't fit with the reality we have observed since November 2013 (although does fit with before then). Since Nov 2013, we have witnessed a fairly steady decline, through a series of downward steps, from 1,100 ish to 220 today. This process continues, some 17 months after it began. This is a remarkably slow and predictable bursting of a bubble. Past bubbles, including past bitcoin bubbles, deflated much more quickly, in a matter of days/months. Even historical bubbles, like the tulip bubble, all deflated within a year. I would have thought that in this age of instant information, bubble bursting should be instant. But no, even after 17 months the realisation that the price is going to fall has still not fully been reflected by traders. Crazy. It must be due to fanatics, holding up the price (at huge financial loss to themselves), rather than letting it find its new equilibrium level. I do agree that remnants of a depressed market lingering for this long is surprising, but a bubble course did take place in a matter of 6 months from November 2013-April 2014. It just so happened that a balancing bull trend overlapped from October 2013-July 2014 (Surprisingly, if you overlay two trend charts that simulate those types of movements and use exponential and stochastic balancing of prices during those two time frames and you'll see a very strong model fit to actual prices). That said, I think the elongated effect had a lot to do with a significant resistance to prop up price related to news and financial players rather than just fanatics. Comparing to the last bubble, this time period is similar to how things were in July 2013. The difference is that instead of China and ASICs affecting the trend, it will likely be major financial parties that end up impacting the price trend. Nonetheless, it is "crazy" how much "faith" still exists, but it makes sense since people in general also tend to believe in weathering storms and similar things. |