Bitcoin Forum

Before anyone considers buying, look real hard at the last 12 hours.

https://dl.dropbox.com/u/34538839/careful.jpg

All the volume is on the way down. I don't believe there are any signs that this is over, and I genuinely do not want anyone to get burned here. Also don't forget that Monday is a U.S. holiday, so 'the weekend dip' could be stretched a bit.

Update 10/8:

(Past 2 days)
https://dl.dropbox.com/u/34538839/update.jpg

Yawn. Post-GLBSE fallout. Entirely predictable.

Ow, so since its entirely predictable why don't you predict how low it will go?
 ;D

It's about 1/5th the size of pirate, about 1/5th the drop.  Wait, it already happened ;)

I doubt it will drop much more, I'd be suprised if we see high 10s.

Columbus day is barely observed. It's not a stock exchange/bank holiday. I think it might be a school holiday, but that's about it.

OP's right

It's could be a confirmed 2nd wave into a bear.  The 1st was the period after pirate, and the trickle down through the pseudo/unregulated bitcoin lending/deposit side.

There is a possibility that this is is the point were bitcoin hoarders give up and limit losses by selling everything, triggering a bear run for an extended period.  Ie supply increases past demand.  If opportunistic buyers become worn out, and start selling as well...

Banks are closed in my southern US state. Also, my Dwolla deposit I initiated last week received a message about delayed clearance times due to the Monday bank holiday.

All my banks are closed Monday as well (NE US), so assume all banks in US will be closed Monday

It is also Thanksgiving in Canada so the banks in Canada are closed Monday.

We are now in the denial stage. People are wishing they got out higher but it's too late.

Lol. Learn to read a chart. Thus far we haven't even touched the 50 ema on the daily

Atlas is more about theatrics than facts.

we're just tryna get some cheap coins lay off with your technical gobbledygook  :D

There are no facts when it comes to something as emotional and subjective as value.

jenniferlawrence.gif

How low do you think we'll go?

Cool, I won't do any more basic analysis in the cheerleading and/or panic topics. Will let the price action speak for itself.  8)

Sorry, but it is a fact that we haven't touched the 50 ema on the daily chart.

I don't think a 10-day EMA applies that well in a market this illiquid.

Atlas please for the love of science, put your glasses on. It's the 50 we are talking about, not the 10. Pull up the chart. Has it broken for more than 1 day since we broke out above 5 usd this summer? Whether you think it "applies" or not, this is math. Not some magical formula. Just math. Study.

Right, all that applies are emotional scare tactics like you employ ::).

Too bad nobody here is rational or they could make a killing.

Heh, I am flattered at the notion that just my words are affecting the market.

Why the fck do you even reply to him?

I mean why the fck anyone here still argue with a psychopath like Atlas? I thought all veteran members on this forum would have this clown on their ignore list.

I think there is definite potential for a big drop in the next few weeks. If I was getting coins from mining, I wouldn't want to sell them now, because of the reward drop coming up. Every miner who thinks like that results in a build up of coins that are going to be sold at some point in the future but which aren't being sold now.

If the price starts to drop significantly, then it may convince these holders to sell now, before it gets any worse, exaggerating the falls. That could easily start a chain reaction, especially with other bad news coming out like the GLBSE collapse.

I don't want to see a crash, and I think in the long run the reward halving will push up the bitcoin price, but in the meantime I think we could see a lot more volatility.

The technicals are late indicators when there is a supertrend in place.

1. I don't use ignore.
2. Two steps forward, on step back.  Giving up on someone only makes them act out more.

Either scenario is a win-win situation.   If we crash, i get to buy coins cheap.  If value goes up, i get more for the coins i'm holding.   

 Remember, the mods decided to unban him and give him a second chance.

 It's a pity Atlas is reverting back to his old ways. I hope the mods give him a final boot from these forums again soon.

 Even with him on ignore, it's possible to see in the quoted replies that despite his few days of "good behavior" after he was reinstated, he's fallen off the wagon again.

That he bothers you SO MUCH actually says more about you than him.

Coming from a furry, I'll take that with a grain of salt.

I guess the answer is that you are an intolerable asshole. At least it was a pretty clear answer.

Sorry for derailing the thread.

derailing would involving dragging your "yiffing" past times into it...whoops...now I have derailed it  :o

http://www.trending123.com/patterns/Hammer-Short-term-Pattern.html

https://i.imgur.com/L0cJ0.png

My good friend, the 50 day EMA

IF your a bear does that make you a furry too?

Insert random Bear in a flaming car photo here.

https://i.imgur.com/rSkUb.jpg

You do realize I don't give a shit about any of that, right? But hey, thanks for pointing out that you think the stereotypical thing about me is that I have a hell of a lot of sex  ::)