I dont understand why everyone is panic selling on gox when you cant withdraw the cash either
USD is more likely to be recoverable in court than bitcoins. USD being a fiat currency is protecting by laws regarding when you hold an account with USD in it. |
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 Ok I'll stop sorry bfx guys please fix your site. |
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if you a log chart, then the october trend is already broken. i posted this chart a few days ago. |
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The HODL strategy means:
1. "i don't want to have the total loss risks involved in transferring my coins, trusting an unregulated offshore entity, and holding the coins on a website where they can be stolen, etc"
2. "i want to lead a normal live without having to stare at charts, follow news, lose sleep, neglect social relationships, and not be able to live in the moment."
3. "I'm not an expert trader and don't want to bother becoming one. I'd rather trust the long term trend where i have 0 chance of making an error in trading. If i trade i might lose coins."
To hodl means you are content with only 1000% gain per year. To trade means the long term trend bores you and you want to do the work to try to make more (for example my 30,000% gain in 2013).To trade also means that in the event of a total collapse of the btc system, you MIGHT have something left to show for it. However, most hodlers aren't worried about that scenario.
Both strategies are valid and there are people for each strategy.
I respect the hodl strategy. However, i don't think hodlers should take an attitude and insult traders or call them stupid for selling. We should just respect eachother and have peace, and have more meaningful content in the forum.
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I'd start getting nervous if i saw $800 again.
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The Chinese men all wake up together, take group showers, go outside in a formation, meditate, practice kung fu forms, worship the emporer, eat breakfast, go to work, take their month's paycheck, and invest it directly into bitcoin. Bitcoin shoots to $1,000,000.
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Silly walls crumble under the weight of actual selling pressure.
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now that all the non-believers are gone we are free to move the price to a new ATH?
yup, i think so!
Ok, so this was the final capitulation all the bears where talking about? Glad to have it over with, not that bad. Lets go to the next ATH now   |
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737 is now my upside target, so above that sell/short.
Wow much accurancy. (so far) |
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[snip]
+1 Best analysis I've seen all day Can anyone explain what this chart shows / predicts to us plebs? It shows pretty much nothing. Or at least not what TERA thinks it shows. It's a weekly MACD crossover. Problem is, at that time frame the MACD is so lagging that, if you look at the actual chart, if you would have sold at the crossover of the 1w MACD back then (probably at around 100 to 110), you better had been on your toes because price never went long below 70 again, and the MACD was still in deep red territory as the price went back to 150! tl;dr Don't rely on a single indicator, especially not if it moves at the speed of molasses I don't use the really long indicators as buy or sell signals either. Rather, they are more like dont-buy and dont-sell indicators. I will have already used a shorter indicator to buy or sell already by the time it has happened. However, what the long indicator does tell me, is, that there is no rush to buy back in right here, right around the time that is crossed and the area that it crossed - this is a resistance level now. I should look for a lower price using a shorter indicator. |
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didn't quite reach my bids. hope that wasn't my last chance to buy low!
Still a breddy gud price on stamp now i'd say How in the heck is $730 a good price? It's a whopping 18% above the bottom of $619 just a few hours ago. That's ridiculous. It's further from the bottom than it is from where it fell from, during a downtrend. Last time when it crashed to 380-450, the 630-650 was still a damn good price to buy That was the initial crash, which is always a huge trading opportunity. During that time the long TA indicators are still pointing upwards. Now they are downwards, indicating that this is likely the first step of a downtrend. |
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didn't quite reach my bids. hope that wasn't my last chance to buy low!
Still a breddy gud price on stamp now i'd say How in the heck is $730 a good price? It's a whopping 18% above the bottom of $619 just a few hours ago. That's ridiculous. It's further from the bottom than it is from where it fell from, during a downtrend. |
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I disagree, maybe it was emotional but in an ass / assing level, at the end of the day it was just ass talk, nothing more.
Just chked price now $730
Why are you using the mtgox price? Also, mtgox fell from 930, not from 800. |
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just checked the price again its $715, where is the crash, just ass talk. The 33% drop on mtgox to the bottom of $651 and the 25% drop on bitstamp to the bottom of $619. was very emotional. I wouldn't call it a "crash", but nobody expected such a steep drop to happen this far into the consolidation. Even the bears only expected an initial drop to $700 or so as the first wave of a gradual downtrend. |
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