Bitcoin Forum

Economy => Speculation => Topic started by: adamstgBit on October 20, 2011, 02:00:54 AM



Title: Bull trap?
Post by: adamstgBit on October 20, 2011, 02:00:54 AM
anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe


Title: Re: Bull trap?
Post by: ineededausername on October 20, 2011, 02:04:34 AM
Yep, bull trap it is.  It'll go back down soon.  :)


Title: Re: Bull trap?
Post by: Are-you-a-wizard? on October 20, 2011, 08:36:38 AM
Yep, bull trap it is.  It'll go back down soon.  :)

Agree. Everybody thinks they are clever and going to strike gold on cheap Bitcoins, human egocentrism at it's best.

Everybody can't buy low and sell high, when all the sheep buy in the price will temporarily rise and these forums will flood with excitement, only for it to come crashing down even lower within the month.

Can't wait to profit off these clowns, did it before and will do it again :)


Title: Re: Bull trap?
Post by: michaelmclees on October 20, 2011, 12:21:37 PM
So in other words, you're temporarily long and will sell into the next rally?


Title: Re: Bull trap?
Post by: cypherdoc on October 20, 2011, 01:01:44 PM
anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe

Bull trap?  thats so yesterday.  todays play is the Bear Trap.


Title: Re: Bull trap?
Post by: BitPirate on March 26, 2013, 06:25:50 AM
It's a(nother) bear trap. We keep hitting ATHs.


Title: Re: Bull trap?
Post by: Melbustus on March 26, 2013, 07:16:57 AM
Yep, bull trap it is.  It'll go back down soon.  :)

Everybody can't buy low and sell high


Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?

Don't forget that these charts you're looking at reflect the process of bootstrapping the world's first decentralized truly global currency from absolutely nothing. You are NOT looking at the chart of a NYSE-traded equity that millions of people have been trading and modeling for years.


Title: Re: Bull trap?
Post by: BTC Books on March 26, 2013, 07:31:49 AM

Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?


You don't think 70 M people have heard about bitcoin?  I do.  That's 1%.

And maybe I'm optimistic - but I'd bet I'm a lot closer than 0.028%...


Title: Re: Bull trap?
Post by: Melbustus on March 26, 2013, 07:48:35 AM

Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?


You don't think 70 M people have heard about bitcoin?  I do.  That's 1%.

And maybe I'm optimistic - but I'd bet I'm a lot closer than 0.028%...


Maybe closer to 70M have heard of it in passing, but have no clue what it is, and won't even bother googling it until the 9th or 10th time they hear about it.


Title: Re: Bull trap?
Post by: Vladimir on March 26, 2013, 07:51:39 AM
The things will really change once people get routinely ridiculed by their peers for not using Bitcoin and saying various BS like Bitcoin is ponzi etc... you just wait.



Title: Re: Bull trap?
Post by: Bitcoinpro on March 26, 2013, 08:13:34 AM
anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe

it may fluctuate wildly though i think it will hold an exponential component for some time especially since money printing is the norm these days


Title: Re: Bull trap?
Post by: oakpacific on March 26, 2013, 08:57:39 AM
Some of you guys did not check the date of the OP?


Title: Re: Bull trap?
Post by: proudhon on March 26, 2013, 10:12:40 AM
Everything above $15 is a bull trap. 


Title: Re: Bull trap?
Post by: BitPirate on March 26, 2013, 10:28:25 AM
Some of you guys did not check the date of the OP?

Sorry... I just saw it in the forum and replied. Either I was on autopilot, or someone deleted the post above mine...


Title: Re: Bull trap?
Post by: seldon on March 26, 2013, 11:27:41 AM
Nice vintage thread - fyi, price was 2.5$/btc back in oct 2011



Title: Re: Bull trap?
Post by: Piper67 on March 26, 2013, 11:49:59 AM
Everything above $15 is a bull trap. 


Hmmm... someone's losing his spine. The old Proudhon would've said anything above $7 is a bull trap... he would've been just a wrong, but not quite as spineless.


Title: Re: Bull trap?
Post by: Buffer Overflow on March 26, 2013, 11:53:23 AM
Everything above $15 is a bull trap. 

Why do you put yourself through all this pain?


Title: Re: Bull trap?
Post by: marhjan on March 26, 2013, 01:41:43 PM
Nice necro thread....   who else remembers it from the first time around?  lol


Title: Re: Bull trap?
Post by: ineededausername on March 26, 2013, 01:52:30 PM
Yep, bull trap it is.  It'll go back down soon.  :)

well, good thing I didn't actually sell...


Title: Re: Bull trap?
Post by: fabrizziop on March 26, 2013, 02:42:31 PM
Everything above $15 is a bull trap. 

 :o before you said we were going to single digits... proudhon is getting slowly bullish, that only means we're near the top!