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Good idea, cold storage hardware wallets needs to be developed soon!
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Well, who bought to play this bounce?
Bought myself a little at 53€ to follow the old lucif, placed an ask at 65€ to close that position ASAP but it wasn't filled, for now I lowered it at 62€ish because this suckers rally don't give me any confidence at all.
I was fighting with myself to buy at the bottom of that red candle two days ago but I couldn't do it. I would have put a sell order in at 10 above it and it probably would have gotten filled. I called 3 of the bounces on the way down as well and also didn't play any of them. Think I should start playing with 20% of my fiat... Oh well, at least I'm happy I got out at 107 ish. BTW - a little sell off just happened, nice timing... Well, didn't have the confidence to buy with as much as 20%, much less in reality, only for the lulz... |
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Well, who bought to play this bounce?
Bought myself a little at 53€ to follow the old lucif, placed an ask at 65€ to close that position ASAP but it wasn't filled, for now I lowered it at 62€ish because this suckers rally don't give me any confidence at all.
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.  Is there ANY reasons why coins today should be worth 6-fold more than in January? |
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Difficult to say when the bubble started exactly.
Things got some steam for sure when we reached $20, there was a lot of positive media attention regarding how "the hacker currency" was steadily raising.
Then the shit definitely hit the fan when we broke $32, the media attention at that point ("BTC is going up uP UP!") was continuous and there the growth trend went insane.
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200 day EMA (blue line): once support, now resistance  |
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This is way too soon. We ain't seen no bottom yet. Wait a couple of months at least.
The price was dropping too fast. This short term bounce is expected market behavior.
100% agreed. But this is being Quite a profitable bounce. |
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No successful refund so far.
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But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom). To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.' Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one. Oh, ok. I still think that $57 will be the bottom though. indeed to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7 it was very violent a drop, and it went and touched bottom with the first knife the huge bull trap the slow slide down the rebound above the low of the init. crash now if we only wait a few months, if the pattern hold we be up 1,000%  Haha Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself. Not worried at all during the fork, I bought a lot in fact. |
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I can feel a Winkledump coming. BTW, how many coins do they have? Over 100k, though in their SEC filing they propose to sell 200k BTC. Very telling that no bounce is achieved even at current levels. Sorry to be the bearer of bad news, but bear with me: This thing needs to capitulate on incredible volume and a low <50 before we bottom out for good. I'll have to bear with you, even if Ibought a little at $68ish to play lucifs game. He missed it in the past, but recently (2013) he have nailed it consistently, plus trading apart I find myself agreeing with him pretty much always when he comments about Bitcoin in general. He deserved it, but I think volume its been low and support weak, thus we are going to the $50s, sooner than in one month. |
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I'm with you KoziTwo, your strategy is sound and a winner you, its just that its more An investment strategy than a speculative trading one.
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6 billion people
trillions of dollars in the world
only 21 million bitcoins, bitcoins can be divided into 7 decimal places so if it does go up or down its irrelevant, its meant to be a currency anyways
4h confirmations, 12 transactions per second (correct me if I'm wrong), yeah what a fantastic currency  7 transactions per second, I'm afraid Bitcoin scales even worse than you thought. Can you explain this for me, please? Why seven? Is this fixed for eternity, or could it grow? Thanks. It could grow if the block size grows. |
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What i dont understand is the people that are holding ,say 10k B that thay are not cashing out now ?
Even if thay think that we will stay at this price.
Becuse if thay dump 10k now the price will fall realy hard and only profit would thay make.
And if you have over 10k you are probebly a person that are not stupid, i think its just crazy that we dont se a faster and bigger drop . And becuse of that we maby wont hit as hard that we think ,but i will hold
My cash steady for som time now .
No point in selling right now, the order book needs to build some depth, as soon as there will be juicy bids then its time to dump. We may have another couple of weeks of calm and quietness before the next round of big dumps |
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Selling right now, is mean you admitted that BTC is a bad ideal except if you are some earlier adopters that you just want to cash out with profit.
------------------------------- Bitcoin's ideal is worth much more than its current exchange value This for sure ,let's those weak get out or those superior earlier adopters get out ....The future of BTC is who have the faith in it.... This no reason panic ,is just because of the manipulators, what ever you believe or not ...half months later , all people selling today will regret by that time.... Most of those selling are just buying back cheaper. There's not so much people cashing out for good, that already happened in 2011. And BTW, anybody entering the this market today is still an early adopter. |
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stop lying: bears.
Now is the time to BUY. Only time for that is when blood is everywhere, like now. Perfect.
I plan to unload mult-million in buys. Larger orders than seen ever before. Keep an eye or two (or three if alien) on moodys.
Join me in bloodbath, help make the grass (green candles) grow.
A bullish Jaroslaw during a bubble deflation, that's going to be hard to perform, man! |
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Nice call lucif
Just because I wanted to play lucif's game for fun I followed his advice and bought at $68ish with 5% of my stash, don't know if I'm going to hold it two weeks like he said EDIT: anyhow depth is scary, look how thin are the bids  |
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Bought with very little of my stash (5%) at $68ish just to play lucif's game, for pure fun Let's see how this plays out  |
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stop acting smart, you and other big holders are dumping and causing panic - you're just hurting yourselves in the long term.
There's no one to be blamed. This is just the market going back to reality after a speculative illusion. People realized price is not going up and wants $ to pay for stuff. Or to buy cheaper coins and profit from shorting. Bitcoin is very sensitive to speculation by design. This is true when the price skyrockets and when it plummets. Eventually, major adoption and enough liquidity will make it more stable, but as all commodities will always be prone to boom and bust cycles. |
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Quickly wiring in some money so I can buy at the bottom.
Still way to go before the very bottom. Summer is still at the beginning. There will be bounces, traps can be long, on low volume... Until another dump cycle begins. |
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