Bitcoin Forum

Lets see how many people will miss out on the July rally  :D

I won't miss out on the July bear rally.

We are in bull trap.

I don't think we are in any sort of 'trap' whatsoever.   I think there is uncertainty and some confusion in the market.  With all the adoption and news lately, you would think that prices would continue to slowly tick upwards, but we have slowed.   I think people who are not in BTC long, are kind of baffled as to whether they should be selling some, or buying more...

Not me, I think most people are speculating the prices to go higher but I think its stuck now and its about to fall and july will be it.

What do you mean by "july will be it"? Like it will go up from there, or are you implying it will crash

He means it will go down.  He says this because he was asleep at the wheel when it hit $400s.

I think he's talking about a rally to 5k? I've seen that chart posted here ;D ;D ;D

What the hell you talking about $5k.  We can barely keep $600 in sight.

Ask the one who made the chart..   ::)

Which chart?  Need a link.  None of the indicators show any major uptrend.

Things will clear up after the auctions. I am holding my coins for the eBay/paypal rally. May not be in July, but soon-ish.

I think this one https://bitcointalk.org/index.php?topic=654663.0

I'll just leave this here:

http://www.bloomberg.com/video/u-s-to-auction-17-4m-worth-of-seized-bitcoin-5ib0r6DrRNGXRQ4RCsty0A.html

She pronounced "cache"
cash-eh
 :P

We're in a bear market, not a bear trap.

I'm not really a guru, but you can call me that if y--- this guy!!

The same was said in agoust 2013 when we were heading 90s and then suddenly the market started to go way up.

I'm pretty sure we are at the point in the cycle just before the take off and media attention.

and that would indeed be the bear trap.

Note how pessimistic everybody has become, the most depressive time is usually just before a bubble, and the best time to buy.

Just like the coldest time is just before the break of dawn.

It's weird that people are being so pessimistic right now when business development is at an all time high.   I mean, there are literally new BTC apps and business rolling out every day, in addition to new companies announcing BTC support.

A fair observation this could be a trap before the market moves upwards again
Then again with Bitcoin it feels like it could just suddenly (as in rapidly) start to move upward quickly at any time.

Its official it was a bear trap!!!!!!!!!!

You beat me to it.

The bear trap seems to be snapping shut quite nicely.

http://i664.photobucket.com/albums/vv10/JimboToronto/beartrap.jpg (http://s664.photobucket.com/user/JimboToronto/media/beartrap.jpg.html)

Pity the poor suckers who sold during these last 3 days' little dip.

Damn! I miss the July rally  ;D ;D ;D

The value dropped a little in the last month but the next price movement probably will be upwards, I can't see a reason why it should go down from here.

One reason could be regulation in the EU and US.

We are in a sleeping trap. So much time without anything to happens, then all traders sleep and get less less atencious, then will not be prepared for the next move.

We had decent volume over the past week, but it has really slowed down coming into this weekend.   Prices have remained stable though...

This is a strong base here being build. The next rally, will mean we will never see 600 for a long time.

Every dip was bought up immediately by someone else, so it doesn't feel like a bear trap.

This price movement seems like 2012 -early 2013 and then we went from $10 - $266. 26x

no, more like "stable trap", is not that hard to think that a steady rise is possible, bubble game is bad

Stable is good then. Low risk on the down side while who know how high it can go after worldwide usage.

Why are we in a bear trap? More like bull trap...

month old thread is month old

I called this ages ago: Long ass period of tranquility or relative tranquility until a big player like ebay announces something positive about BTC. Then we shall see apes going shit.

Care to explain why we are currently in a bull trap at the moment?

because he wants you to buy more so he can cut loose

No its just consolidating. Upwards movement imminent!

And you want to buy bitcoin but you dont have even the valor to do it now so thats why you keep spreading crash histories so you can buy it at 400 usd.

Haven't plenty of big players come out of the woodwork recently?  Newegg, Dell, Wikimedia, etc?

More big players to transfer BTC to USD.

unfortunately.

http://youtu.be/4F4qzPbcFiA