Title: A bear sais: price will go down again by the end of the week Post by: wobber on September 07, 2011, 09:01:00 PM I personally love bitcoin but can't see any incentive to buy, buy, buy as some people shout in here.
I am still bearish and I invite other bears to a nice, argumented conversations. I would also invite bulls, if they can hold themselves with the "buy,buy,buy" thing. I understand that they have to manipulate psychologically, or at least to try but... Enough is enough. Here are my reasons for the lower price that will come: 1. It's the middle of the week. Historically, people trade more actively. 2. It's just a little spike from the low of $6.12 3. Bitcoin had a tremendous year but it's price will go low. Not very low, I expect 4-5 USD. Prices of $1-2 are insane, I'd buy 1000, so would others and well be at 30 in no time. Title: Re: A bear sais: price will go down again by the end of the week Post by: Serge on September 07, 2011, 09:23:07 PM the secret of getting back up to $30 is to go back down to $1 ;D
Title: Re: A bear sais: price will go down again by the end of the week Post by: Jixtreme on September 07, 2011, 09:39:14 PM I personally love bitcoin but can't see any incentive to buy, buy, buy as some people shout in here. Are we reading the same forum??!?!?!?!! ??? Title: Re: A bear sais: price will go down again by the end of the week Post by: netrin on September 07, 2011, 10:00:13 PM November, February, and June are the strongest examples of a repeated pattern, namely a drop to the logarithmic half of the peak and a plateau four time longer than the rise.
http://bitcoincharts.com/charts/chart.png?s=2010-10-07&e=2010-10-24&noheader=1&height=50&width=720&m=mtgoxUSD&i=Hourly&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2010-10-12&e=2011-01-14&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2011-01-21&e=2011-04-17&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2011-02-14&e=2012-04-01&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W Title: Re: A bear sais: price will go down again by the end of the week Post by: Minsc on September 07, 2011, 10:17:43 PM http://bitcoincharts.com/charts/chart.png?s=2010-10-07&e=2010-10-24&noheader=1&height=50&width=720&m=mtgoxUSD&i=Hourly&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2010-10-12&e=2011-01-14&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2011-01-20&e=2011-04-17&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W http://bitcoincharts.com/charts/chart.png?s=2011-02-12&e=2012-04-01&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W stagnate stagnate stagnate stagnate rise? Title: Re: A bear sais: price will go down again by the end of the week Post by: netrin on September 07, 2011, 10:25:31 PM stagnate stagnate stagnate stagnate rise? Yeah, something like that. Or drop, stagnate, slide, rise, peak, drop, stagnate, slide, rise, peak... http://bitcoincharts.com/charts/chart.png?s=2010-09-15&e=2011-10-01&noheader=1&height=200&width=720&m=mtgoxUSD&i=Daily&c=1&l=1&t=W Title: Re: A bear sais: price will go down again by the end of the week Post by: Oldminer on September 08, 2011, 11:17:02 AM Too many Bitcoins...
Title: Re: A bear sais: price will go down again by the end of the week Post by: zby on September 08, 2011, 12:15:00 PM The fire sale at the beginning of August dropped to way below 6 (http://bitcoincharts.com/charts/mtgoxUSD#rg60zczsg2011-08-07zeg2011-08-08zvztgSzm1g10zm2g25) - this time it stopped at 6.12. That makes me slightly optimist.
Title: Re: A bear sais: price will go down again by the end of the week Post by: netrin on September 08, 2011, 01:27:30 PM http://bitcoincharts.com/charts/chart.png?s=2011-02-14&e=2011-04-05&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=0&t=W
I'd love to get a snapshot of all posts on this forum during the first week of April and compare that to the first week of June. This forum would be a great study in the euphoria-bubble-despair cycle. http://bitcoincharts.com/charts/chart.png?s=2011-04-01&e=2011-06-09&noheader=1&height=100&width=720&m=mtgoxUSD&i=Daily&c=1&l=0&t=W Title: Re: A bear sais: price will go down again by the end of the week Post by: wobber on September 08, 2011, 09:50:15 PM Do you guys see the way I'm seeing the recent price spikes from 6.12 to 7.59?
I believe that these spikes will get smaller and smaller on the way to $5, even lower. I mean, hard to believe that there will be a low 4, and then a high 5.5. Title: Re: A bear sais: price will go down again by the end of the week Post by: netrin on September 08, 2011, 10:02:04 PM Lao Tzu say
Price cascade like gentle water fall over rocks Like path of Coin bouncing down staircase Big curve and small Morning like evening; Summer and fall Embrace Log chart This is Way of Coin http://genaud.net/bitcoin/2011/20110908-2030.png |