Bitcoin Forum

No, not really. ;D

Y'all may wish to know I'm cashing out for now. Made half again trading since $90, and we seem to have broken the range into a downward trend.

See you at $30.

thanks! cheap coinz for me!  ;D

Me too when we hit bottom. I'm bullish long term. But there's no point wasting money holding during a freefall.

Jesus Christ, did Gox just can the entire Ask side?

I'm assuming we're headed for the "despair" phase if this trend keeps going downward :P

I love how everyone keeps saying, "oh good cheap coins!" and then another hour goes by and it drops another $10 usd.  You don't have that much liquidity.  This market is crashing.  Invest accordingly.

Buying now is known in the bubble world as "trying to catch a falling knife" for good reason.

Yep, thank god for clueless bulls. :)

Cheers!

No one knows exactly where and when it will turn 'round.  If you sold at 120+, doubling down -- buying all your coins back at 60, then 30, then 15, etc. looks mighty fine even if it continues down... assuming you are LT bullish.

I'm not one for TA, but actually, in the last hour of trading or so, it looks like a bottom might be forming.... waiting for confirmation.

No! They promised me cheap coins!

This thing isn't anywhere close to a bottom yet.

I think the tide may be turning against you on this one.

Based on what?

Every single veiw on the charts look bearish.

Not to worry guys i got this one.

*Sells at 55*

*Price goes up*

Im buying all the way down. Great time to have USD ready and waiting.

Let the weak hands fold out and run back to fiat, its like running into a house thats on fire because its raining bad outside

Get a F-ing umbrella, a cup of hot coffee and find your cojones gentlemen.

actually most people sells to buy low later... but for normal people that means sell and price going up just after.

You must be looking at different charts.

I think my prediction is now being confirmed -- at least for the short time scale.

This is the first time since the crash that I have been able to draw an upward trend line through more than two consecutive troughs. This means support is increasing -- people who didn't buy at $55 are feeling left out and moving their bids up.

This looks bullish to you?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=1&i=1-min&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

or this?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=2&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

what about this one?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=10&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

...maybe this one?

http://bitcoincharts.com/charts/chart.png?width=940&m=mtgoxUSD&SubmitButton=Draw&r=90&i=&c=0&s=&e=&Prev=&Next=&t=S&b=&a1=&m1=10&a2=&m2=25&x=0&i1=&i2=&i3=&i4=&v=1&cv=0&ps=0&l=0&p=0&

The first and third don't look so bad. I did say "short timescales" and "waiting for confirmation".... I can't post images here, but can later.

Up to you... personally, I think you've just missed the bottom.

Actually both look pretty bad, especially the first...

But hey, anything can happen I suppose...

I like you !!! well said! haha. if the bears want the price to fall good for them.....bit when its a penny are they still bears? um no at some point we are all bulls or nobody would be on this god damn thing and buying bitcoins. maybe they just like to troll and have fifty cats around them with there dead mother in the other room that is sustaining the cats...... did i cross the line? I seam to do that a lot.

I know its as if you turned the bubble up side down... we are in an inverted bubble! you know what that means. just like when the bubble burst.....this will be like when the flood gates open. money will poor in. what you only like to rant and rave about a bubble but when the coin flipps and we are ready to launch isnt that correct?

Does anyone have an inverted BTCxUSD chart that would show this? I'd be interested to see it but can't find one and can't be bothered trying to plot one.

Nope.

The downside is definitely finite (BTC worth $0 USD), and I expect the price to settle at a point quite a bit higher than that (somewhere $5 USD) based on its first point of real stability after the last bubble popped. Also, I dont believe the price will go straight to singles...I think we will see points where the price drop stalls for a while; as I've said before, I expect a long slow slide to singles.

So you are pretty much wrong all around.