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Title: [Daily Speculation Poll] :: due for a price drop? Post by: adamstgBit on June 20, 2012, 01:46:33 AM I Sold 50BTC today! ;) Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: mccorvic on June 20, 2012, 01:52:24 AM It will go down under $6.
Unless it doesn't. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: adamstgBit on June 20, 2012, 01:54:45 AM It will go down under $6. oh shit!Unless it doesn't. I'm fucked Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: Yuhfhrh on June 20, 2012, 01:56:13 AM Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: yogi on June 20, 2012, 02:00:13 AM The market does like to retest round numbers, so I'm going to say yes.
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: proudhon on June 20, 2012, 03:18:47 AM I think the market is primed for another cool down period of at least a month before it moves up again, and I do think the price will go below $6.
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: mysteriousawake on June 20, 2012, 06:07:10 AM What and im trying to sell all my coins for over $8
damn you adam and your false hype... HOw low will it go... 5.70 Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: adamstgBit on June 20, 2012, 06:20:36 AM What and im trying to sell all my coins for over $8 damn you adam and your false hype... HOw low will it go... 5.70 :D I had a chance to buy back (I'm trading on virtex CAD), I consider myself lucky! Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: cloon on June 20, 2012, 10:04:48 AM do you all have any reason being bearish?
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: proudhon on June 20, 2012, 11:11:31 AM do you all have any reason being bearish? The RSI is one reason. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: Crypt_Current on June 20, 2012, 02:19:57 PM do you all have any reason being bearish? The RSI is one reason. Which RSI? The 12-hour chart still shows above 70... Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: Technomage on June 20, 2012, 04:05:27 PM I think the price is due for the opposite of a drop right now. :-)
The short term correction was weak so this is not surprising. The market is quite bullish. Interesting to see if we can break $7. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: TraderTimm on June 20, 2012, 05:05:51 PM Wouldn't mind a retrace to the 5.60 - 6.00 range. I don't want a hockey-stick up to 7 and beyond, prefer the retrace-plateau-increase cycle over exponential curves.
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: Spekulatius on June 20, 2012, 06:54:31 PM I like hockey
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: SkRRJyTC on June 20, 2012, 06:56:44 PM I like hockey :D ;D :D ;DMe too. Hopefully I can be around to trade it this time. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: silverbox on June 20, 2012, 06:57:53 PM I Sold 50BTC today! ;) Didn't you spend the last month saying it was going to 8 in just a few weeks? and you bail out now *shakes head*.. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: Sitarow on June 20, 2012, 07:03:32 PM The human trait to hope for the best clouds the average person’s ability to reason things out. And why in hindsight most people make the wrong decisions.
What we must do is gain the knowledge to be able to make the correct decisions and let the “other” people throw up their hands and hope for the best. Start by gauging what the present market confidence is towards Bitcoins perceived value. Then set a course of action, up or down. P.S. IF your a day trader then do that every hr. :D Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: YoYa on June 20, 2012, 07:05:07 PM Still pushing new highs, let's wait until we have a correction and a failed attempt to rise again before we start looking for the exit.
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: adamstgBit on June 20, 2012, 07:26:26 PM I Sold 50BTC today! ;) Didn't you spend the last month saying it was going to 8 in just a few weeks? and you bail out now *shakes head*.. Day trading is not a crime! 6.10 by the end of the weekend, 8$ 2 weeks later ;) Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: RodeoX on June 20, 2012, 08:00:38 PM [guess]
I'm bullish right now. All the good press and other developments lead me to believe we are going up to about $8 before turning down. [/guess] Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: TraderTimm on June 21, 2012, 06:51:01 AM At the moment, on my large chart here... looks stronger than I thought it would.
Hanging at 6.6689 and all. Yes, I have it on a big monitor - just for bitcoin :P Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: ElectricMucus on June 21, 2012, 07:52:11 PM This looks like a bull trap, alas return to normal of this years bubble.
Too bad bitcoinica is gone. Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: adamstgBit on June 21, 2012, 08:34:29 PM This looks like a bull trap, alas return to normal of this years bubble. Too bad bitcoinica is gone. its not a trap either way Volume looks strong even at these "high" prices we will most likely go down (just cuz we went up so fast ) but not by much and not fast. a few years from now a long term view will reveal a never ending and increasing strong bull run. :D Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: ArticMine on June 21, 2012, 11:48:34 PM I voted yes. We need the Virtex price to hit 6.16 CAD and that is quite possible even if MtGox does not fall below 6 USD. Current CAD / USD rate 1.0279. Last price on Virtex 6.57 CAD or 6.39 USD.
Title: Re: [Daily Speculation Poll] :: due for a price drop? Post by: ArticMine on June 25, 2012, 06:33:56 PM Well as predicted the price has dropped below 6 USD. Virtex has traded at CAD 6.12 at 15:51 today that translates into USD 5.95 with a CAD USD rate of 0.972.
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