Bitcoin Forum

Who would have thought that.
Any reason for this? I'm guessing there was no reason for it to go up in the first place. In other words pump and dump

Blimey! You seem to have accepted the new over-300 order remarkably quickly! I'd have thought you'd wait until the mid 200s at least before calling a dead-cat bounce.

there was no reason for the price going up though that does not mean it has to end so fast lets wait and see if it will keep on dropping

oh look, price dropped a few $ and kwukduck is back from his hiding place.

I think that we weren't ready for this dump recently.
Saying the truth i was hoping that the price will reach $350 these days.
But even though there are some dump, i don't want to see the price below $300, really hate 200s because it was for a long time.

330 was well overbought short term, a healthy pullback to support at 315 and uptrend resumes.
Give me a shout when you finally decide to take a massive loss on your shorts around 360/370 and I'll sell you a little of my ~238 average long.

 ;D

Where is the floor?

The floor is around $280. If it is breached, then price will drop to $250. With so many news about bitcoin recently, the price will rise eventually.

Still 25% valuation in one month more or less.

Just a small correction because some people wanted to take some profit.

In the midweek the bull attack will starts again

^yup.

Kwukduck you are wasting your time with your bs on here. Get a life.

Over the past several months, surpassing $300 has been a huge hurdle, since a lot of people choose it as the number to cash out at. I imagine since price surged past $300 without falling back down, people speculated it would continue to shoot up, causing a bit of an overbuy followed by a correction. Nothing more, nothing less.

don't worry, just a weekend dip, kwuk always posts a lot of FUD he's a permabear.

Somebody did say yesterday that he will get out as soon as we drop $10. Well we have dropped $10 and there he is!

Floor is $220 as usual.

Too far from there. Floor seems to be holding at $280 for support. ;)

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Hiya kwuk! Haven't seen you around lately. How many times have you mentioned that a price increase was just a dead cat bounce? As always, I'm amazed on how persistent you are! :)

It was all abraxas it just opened back, a jump in price is starting.

I don't believe it's a dead cat bounce. The word about bitcoin is spreading, and the base number of bitcoin users is increasing all the time, as well as merchant support.
The only thing left to do is to go higher in price, especially now when the halving is under a year away, which will with no doubt increase the price furthermore.

I understand a dead cat bounce is the small rise after a huge sudden crash. This is nothing at all like a dead cat bounce

i always thought that a dead cat bounce is a return to the previous point after a pump, basically a sum zero movement

bu we are in a better position than before now, so yes this is a price correction and a possible consolidation on the new value

I thought you got taken out by the rocket launching for the moon, or the bulls stampeding down the street.

Guess that one day of correction is enough to make you crawl out if you bear hole.

Mods, why is this thread still here? Why is he still allowed to post?

I don't think OP knows what a dead cat bounce is.

sue, he has a different opinion, but is that reason to ban him?

just ignore him and move on.

I don't like him either, but i dont want mods to ban him just because he has a different opinion.

Also, how's your "dead cat" now kwuk?

It's the usual kwuckduck rubber cat.  ;D ::) ;D

This cat has 9 lives. 8 left.

You're holding it upside down!

I can't really say that this is the definition of a dead cat bounce, the ball has been falling for almost 9 months so it has the indications of a recovery in my own speculative analysis.

But to appease the bear in me, as with most rallys a Ponzi scheme such as MMM would be a consideration.

KwukDuck isnt bothered by silly things like "definitions"..  They would just be "What other people think it means".

He just has a "Boys coloring book of stock market terminology", and he reads random phrases out of the "bad words" section.

He reminds me of one of those stuffed toys, with a ring-on-a-string out the back that you pull and it says a randomly chosen phrase.

Pump/Dump, Dead Cat, Bag Holders, Ponzi Scheme, Bull-tard, Scam-Troll, PermaBull, Prepare-for-Drop, yada yada.
Just look at his post history.. https://bitcointalk.org/index.php?action=profile;u=654;sa=showPosts

The only thing hes good for is laughing at.  Unless you believe in the contrarian indicator theory, in which case you *might improve your odds by doing the *opposite of what he says.. :)

I consider as a floor now $300 and i don't think that the price will go below that.
The bitcoin price in Exchanges are moving now and currently $340+
Many are asking what a dead cat bounce is, anybody can explain in detail.

"Many" mustn't have quite got a handle on this new-fangled intertoobz thing called "Search Engines". :)

http://lmgtfy.com/?q=stock+market+terms+define+dead+cat+bounce

Doesnt look like Kwuks usage of the term at all to me.   He calls *any down movement after an up, a DCB.

So much for you dead cat bounce theory. Right now at 335, the bitcoin price seems to continue the rally seen since last week and I expect to see it going up further higher and maintain this momentum. There is also a high possibility for a breakthrough to take place and with a new support level being established very soon.

let's see kwuk reply to this thread or start a new one once the price drops by $5 even if the price rose $20 just before that.

I think this cat was just playing dead to catch the duck

i think the dead cat is ascending to heaven

Like i said previously; this is not a dead cat bounce, but still, judging by how high we are jumping with price in a very small time range, i wouldn't be
too optimistic that the trend will continue at this same rate. I just sold some at 370 and am waiting to rebuy at 320-330 range. I know bitcoin will keep
going up in price, but when it shakes weak hands next time - that's my re-buy position  ;)

Yes same here, selling into this at 370, 400, 430 looking to replace cheaper early next year. Hopefully.



You didn't call......  :'(

it's bouncing forward, toward 1200 ath, the whole 1200-230 was a big dead cat bounce

By Wikipedia:

In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock.[1] Derived from the idea that "even a dead cat will bounce if it falls from a great height",[2] the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

So basically a small price rise(s) during the general down-trend.

No cat will bounce back to the level of the roof it was dropped from.

You really believe that we will drop to $320? I don't know mate, the way this thing got going, we might be at $500 in no time. I don't have balls to short this this time around!

Something is pushing it up like crazy and I would like to know what this something is exactly!

Man, I should start a dead cat ball factory

Those bounces defy all known laws of physics

Drop from 10 meters and it jumps up 200 meters. Now that's some funny bounces.

Any kickstarter investors who want to help me start up this dead cat ball factory?

I'll let you in on the profit. Kids will love it, guaranteed.

This dead cat has already bounced to $420. It will bounce or jump further. The height is not in sight yet.