Bitcoin Forum

Like we saw today many shorts will start to get squeezed and forced to cover & buy back their bitcoins. Remember when someone shorts bitcoin they're makinga contract to buy those bitcoins back at a later time. This will cause a lot of green candles!!! We will probably continue to rise since that's what happens after everytime we bounce off of the 300 level. Seems to be strong support around 300 & I think shorters are starting to realize that. Many people will also see this rise to 340 as "too quick" so they will probably try to buy more coins near the 300 level too. Looks like most miners & dumpers do not want to let their coins go for less than 300, they at least want that kind of fixed profit for the time being.  8)

i believe it was final price correction before rise up
and double bottom will support the price
it will need to break level of 350$ to riseup

Thanks, I do not understand trading too well and never thought about short squeezing adding extra momentum to price rises. I heard that during down trends traders sometimes sell a load of bitcoins to trigger a chain of margin calls. Do traders also sometimes buy a load of bitcoins to trigger a chain of short squeezes and somehow make profit from them?

On the way down I've said that it couldn't go lower on quite a few occasions.
I thought falllling was an ass although (please don't quote me ;)) he was right for the medium-term (last few months).

At this point I still believe in Bitcoin on a long-term scale where long-term is >2 years.

From this perspective I believe that Bitcoin can still go both ways in the oncoming months.
Chances of going up instead of down are higher imo but Bitcoin can still go deeper so don't rule out the possibility for now.

Shorts might get squeezed but we still need new investers.

I say we'll see 250 before january 1.

Lmfao you think Im calling the bottom because of todays little jump??? Look at the date that this topic was created lmfao.

Facts are last big fall we hit 275, this fall we hit 315. This means higher lows are starting and we basically double bottomed around the 300 level just like everytime we fall it is around the 300 level. Whoever isn't buying from here on in must be realllyyy bearish. GLTA  8)

These slight pullbacks are expected in order for us to create a strong sustainable rally! No worries!  8)

Or 100 if people start panicking.

I'm ready!!!  ;D

miners will be forced to sell at least some of the coins to cover the costs of electricity and to pay debts etc.

Who are you and what have you done to fewcoins?!?

He's finally learned that being a bull is more fun. Bulls see opportunity while bears only have negativity.

I bet both of you 1 BTC it wont be below 300$ on Jan 1, 2015.

No I have been playing both sides of the field as always! I just so happen to be making all the money on the long side right now... Same way I was making money on the down side before!  8)

wait for level of 400
if 400 level break then we won't see price below 350 atleast this year

Correct, 420 will be the real testing point though before confirming a big upwards move

Why 420 instead of 400?

Many people bought in near that price and 450, they will probably look to break even or close with a slight loss

>most Bitcoiners
>420

Think man, think!

It will get even higher than 420$ it is a temporal wall.