Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.
Indeed, however add the variable of time, and the statement above will either be true, or its opposite will be , this is one moment in time in the market is all.... when taking that into account... the statement means little on its own. |
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 technical bounce off the "floor" we're still fucked sub floor SOON  So it's the second support? Or are we going through that as well? If that happens we've lost, right? i put 2 lines as a best guess for rock bottom prices, given the assumption that we are eventually going up we are bouncing off the low end of the floor should we break through and close below the floor, without considerably higher vol then we have been seeing... we are pretty much guaranteed to go much lower and fast. also it should be noted that i am almost always wrong. At 430's and 376 I would be very much paying attention... this is a mild amusement imho |
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I've been away for a while. What's with all the doom and gloom? Everyone seems petrified.
Na... its fine... just people on margin, or people day trading, or people with general hysteria... might be some good buying opportunities coming up though if we carry on like this for a day or two or longer... that is if you are not done accumulating. |
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That's great, it starts with an earthquake
Birds and snakes, an aeroplane, and Lenny Bruce is not afraid
Eye of a hurricane, listen to yourself churn
World serves its own needs, don't misserve your own needs
Feed it up a knock, speed, grunt, no, strength
The ladder starts to clatter with a fear of height, down, height
Wire in a fire, represent the seven games
And a government for hire and a combat site
Left her, wasn't coming in a hurry with the Furies breathing down your neck
Team by team, reporters baffled, trumped, tethered, cropped
Look at that low plane, fine, then
Uh-oh, overflow, population, common group
But it'll do, save yourself, serve yourself
World serves its own needs, listen to your heart bleed
Tell me with the Rapture and the reverent in the right, right
You vitriolic, patriotic, slam fight, bright light
Feeling pretty psyched
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed. Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up. All they see is previous buyers losing money. What we have here is: No new buyers. No amount of good news will make the price go up. Any slightly bad news will cause a crash. No increased user adoption. Lots of people getting out. This was gonna be the year of Bitcoin. It simply failed. It won't magically go up again. There is no reason why it would. Bye then... it has been nice having you around, with your wit and your insight.. but it seems you are leaving us , busy chap like you must have stuff to do, productive life to lead, so do not let us stop you on your journey to riches in the rest of your investments and the like... all the best now, bon voyage, mind the door on your way out... Happy times ahead and all that..... No need to call or write it is fine.... See you along the road old chap..... Cheerio! take care..... mind your step.... be safe.... bye.  |
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Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Can I borrow your hotline to "nobody" and "everybody" These magical "them" and "they" do not seem to like Bitcoin very much... have you got a number for "them" and "they" too now I come to think about it? sounds like they and them could do with cheering up. |
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this is such torture
No it's not. The bullish scenario hasn't been invalidated yet. What are you going to say if this is capitulation and the price drops below 300$. What's worse than torture? Torture and rape? So I hear anyway |
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Shroom speaks the truth. It's a hard reality that many don't want to accept, but somebody has to say it.
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Yeah, i would feel like that as well if i was still holding coins. That was meant to be you anyway...  |
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oh man, bitcoin's price continues to bleed.. this is a long dry spell we've been in. i think the price is going to be more stabilized, so when we do have another bull-run, it won't go as high as it has done before.
What's the record for number of red daily candles in a row? I was looking back in time and had trouble finding a longer stretch. Between feb 3 and 13th ish on stamp there was 6 days on a trot, with 1 up day inbetween which broke a 10-11 day run Ditto for 14th March - 23rd March 14 |
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Everyone who invested late last year or early 2014 and has been holding... that bag must be getting pretty heavy at this point. 2014 is going to be the worst year ever for bitcoin. Hopefully 2015 is better, but I rather doubt it.
 Can I have a ride in your time machine bro? |
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Shorting in this market on margin =  How so? Just short where you see resistance and buy when you see support. Pattern over the last 2 weeks has followed TA to a tee. Yeah I have been looking at the charts and sp/res lines... I had a good idea of where they have been for a while... I guess if you are strict and have a good enough strategy in terms of stop loss and bank management , and you call it right at least 55% of the time, then using borrowed money to short the BTC market can be a good idea... Day trading is risky (without even considering the counterpary risk element) as it is, risker on margin, and risker still in a market like the BTC market, if you have got good risk management and trading/banking strategy then the risk is more quantified and if that suits your risk profile and you are happy with it and you can achieve consistent results, then hey- who am I to say otherwise... though tight stop loss can give you control over your exposure, you are also more likely to fall foul of the volatility and stop hunters too with a shallow stop... so if you are looking to catch a local top, but think it is going up medium-longer term in my view it is risky... if you are a full on bear then I can see how it would be something one would consider.. unless as stated you are in full control of your shit and you are trading the bounces, all good if you have got the strategy and accept the risk of being hunted or shaken out of your trade and can accept the losses. The trick is not being greedy. Take profits early and don't panic. If you push it to the line you will get burned. If you never push it all the way to the line you may be late on the moonshot, but you have been making money the whole time people were waiting for the moonshot. Yup it is a personal thing... but not a lot get it right - hence baby throw money out window. |
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Same thing again.
I reckon that Shrooms has built himself another bot, not a trading bot this time... but one that posts on here... |
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