Bitcoin Forum

For all that didnt get the metaphor in the Question :P : When will we see the first correction?

Poll runs 2 days. 1 vote only.

Considering that I still feel reserved about the current rally and we're already at $12.50, I think it will actually go higher than the previous top. I felt the same way around $6.50 during the previous upswing.

What really bothers me though is the Pirate factor.

And what worries me is that you're always worried. Stop that.

I agree. There's still a slight chance that he strikes back. I've had this crazy theory for a while now. Remember his posturing on IRC from a while back? I suspect that it may have been a trial to see to what extent the market responds to what he says. He slammed the market down when it went into panic buying. Then it slowly came crawling back up and he smashed it down again. Assuming he's not an idiot, he probably profited big time from that move. My theory that this time the game is on and he's going to actually start paying out which causes the market to drop big time.

I think only fools and Matthew N Wright still believe he's gonna payback.


I think Pirate is smart enough to scam 100 people out of their savings, but just sucks at trading beyond believe (as stated in some other posts of mine: )



I do believe though, that he would stick to his known strategy of crashing upward movements in order to either draw rallies out and therefore highten their peaks, or trying to crash them completely in order to buy back lower (although if THAT was his actual intent in his past moves, he failed every single time  :D)

I also believe that he will try to use his huge leverage to control the market even though he sucked at it to date. He just has some bloated ego problems that transpire into his trading habits if you ask me. Its not all rational thinking.

It doesn't sound like you think the askwall of 2 days ago was his... that wall was well done.  The manipulator held the price below 12 and made several buys when asks filled below it by removing his wall, buying and replacing.  And now that it is down we've rallied 60-70 cents in 2 days...

https://i.imgur.com/4kQM0.png

 - http://bitcoincharts.com/charts/mtgoxUSD#rg5zigWeeklyzczsg2012-06-01zeg2012-09-30ztgSzm1g10zm2g25zvzcv

I know "this time it is different" is a dangerous sentence, but really ... "this time it is different.

The price isn't from some impatient buyer it is slow and steady (at least the volume points to that).

Fixed that for u ;)

I don't know how high it will go, but the air is rather thin already.

We're in this massive rally and the volume is lower than it was at stable-5-times. That crash looked like a burst, yet the price rallied back up right afterward. These aren't signs of a healthy market.

Once again, we may rise further, but I would be surprised if it's into a time of stability.

^ Thats my view. We are in a bubble however the correction will not be huge, maybe a $2-3 drop max. It won't hold below $10.

Look for the calm before the storm. Low volume and low volatility will mark a plateau and a turning point.

The market needs a wall of worry to keep climbing.  When everyone else is no longer worried, I get worried.

I think we will retest 14,15....from there we will see.

I think it will hit around $13.50 on Saturday afternoon.

Redundancy?

*ducks*

http://www.smokedepot.net/wp-content/uploads/2010/10/huge_joint_marijuana.jpg

Really Fucking High!!!

 :D