I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
good call! it wont go under 5.25 soon
bad call.  Thanks. Definitely still waiting. I don't think this sell-off is finished and I think there's still a good chance we go below $5. At least you're consistently bearish. Consistent traders can expect to be right 50% of the time over the long-run, though they still need to capture gains at some point (i'm calling the low at $5.1). That's better than those always ready to switch sides, as they usually go to the wrong side, hah. I'm bearish for the short term, bullish for the medium term, and very slightly bullish for the long term in that I think a year from now we'll be in the single digits but higher than we are right now. |
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
good call! it wont go under 5.25 soon
bad call. Thanks. Definitely still waiting. I don't think this sell-off is finished and I think there's still a good chance we go below $5. |
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Looks like it was a good I moved my bids down. Expecting more downward movement.
 Are you actually Jim Cramer? No. |
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100k buy wall  |
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Looks like it was a good I moved my bids down. Expecting more downward movement.
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And here we go. My bids are ready.
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
you should seriously consider 5.23 I'm actually lowering my bids. I'm expecting a large sell-off. I think we're going to go under $5 again. The moment we break out of this 4.50 - 5.50 ping pong, you're in huge trouble. Why? It's very likely going down before it goes up. I'll get back in under $5 before the price moves back up over $5 again. |
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I think ~$5.50 will be the top for a while, but we'll see. Still waiting for a re-entry point and still planning on it being below $5.00.
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
you should seriously consider 5.23 I'm actually lowering my bids. I'm expecting a large sell-off. I think we're going to go under $5 again. |
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yup me too, it had been 4.9x for a while and i thought i smelt a downward movement. It then went to 5 then to 5.10. oh well i'll just wait until it dips below 5
Yeah, I'm waiting to buy back in too. Sold around $5.17. |
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
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Looks like somebody is going short on bitcoinica right now.
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Some people must have no lives other than watching threads and price movements. Now to something completely different: Will the 5.10 wall hold?Probably not. Even if the price is going to go up in the next weeks, it's probably going to go down first. Protip: The price probably isn't going to go up in the next weeks. From what I can gather most of the analysts are on the bullish side of things right now which has pretty consistently meant that a sell-off is on its way. Full disclosure: I couldn't help myself and despite sincerely wanting to take a break from trading, I went ahead and took advantage of liquidity above $5 and sold. |
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And back down we go...  |
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its looking rather bearish right now  I agree. I think we're going to break back into the $4s in the next week or so and stay there for a while again. |
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Still above $5. Above 5.1 even.  I'm surprised, I'll give you that. I still don't think there's enough interested and serious money to push through the 2012 high. That may be the case. But, damn there is a lot of money in bids right now. More so than I've seen in a while. I don't think even twice that amount would be enough to push through (I mean realistically, not in a single unlikely buy). |
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But what about 1 hundredth of a percent? By your formula, that would be 20 USD per BTC. The big investment banks are aware of bitcoin. What percent of the money flowing out of assets do you think they control? Would they throw a hundredth of a percent at Bitcoin when no other assets will hold value? Perhaps.
JP Bitcoinica! The result would happen as a process over a long period anyway, maybe a decade. With lots of ups & downs. At that point, I'd be thinking more about a percentage of total derivatives, not just the equities markets - $700 trillion ($1.4+ quadrillion prior to BIS revisions). Gold established as a global reserve would need to back all outstanding debt on top of existing money supplies in order to stabilise the system - likely at a minimum of 10%. Bitcoin system denomination at 100th of that would be $700 to $1400 billion in 2011 dollars, or ~$30,000/BTC. And then there's System D... Oh god, this stuff again? It's making me feel like it's April 2011 all over again. |
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Still above $5. Above 5.1 even. I'm surprised, I'll give you that. I still don't think there's enough interested and serious money to push through the 2012 high. |
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big bullish move today... exciting times as promised :-)
::: jumps up and down with excitement ::: I guess this would be the euphoria phase of the investor emotion cycle? or perhaps right before Time to sell, then. |
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No promises! That's important because there have been quite a few of these mystical "bull" triangles in the past months. |
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