Less supply = higher prices.
Until all the fiat dries up, then mega crash It will require some superb timing. It requires zero timing. It is inevitable. There almost no new money flowing into the exchanges, not nearly at the right it is leaving. Nothing rises forever. Its about getting out in time and buy back at lower prices. The only risk is Gox seizing up with my cash/coins inside. |
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Less supply = higher prices.
Until all the fiat dries up, then mega crash It will require some superb timing. |
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Then it will be interesting to see what happens the next 2 months.
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Irrational exuberance. We're due for a correction.
Problem: Bitcoin does not go down very easily (no large shorting mechanism available). It goes up, unless there is panic. I see no panic, and cab drivers are not telling me about Bitcoin so no irrational exuberance either. It's against my emotions, but the trend is clear. Be there or be square.. |
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Less supply = higher prices.
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Come on, think big   |
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The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT. Parabolic Rise 2.0, Yes please  |
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Just buy. Things will get crazy again |
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If we make it to $150, I switch to bull  If something is expensive you sell, if it's cheap you buy. Buying because something, anything, gets more expensive is beyond retarded. It's called: the trend is your friend. $135 is coming closer to catch my order..... |
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Luring bears with a $135 buy price |
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If we make it to $150, I switch to bull |
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Market rising on single mega whale buys and zero volume is not my thing. Happy in fiat now, leaving the pennies in front of the steam roller for you guys.
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The only question is = when will the price drop?  |
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All i know is this is the time to get into bitcoins while prices are fairly low but very few people are buying. If there is another bubble this fall or next spring you will find thousands of people actually buying coins while the price is high and getting higher and then they get burnt on the downturn. It's a world of sheep out there. If the herd is not buying coins then the average buyer will not buy. At least the the original poster of this thread figured this out and is holding onto his coins rather than panic selling.
.... I trust reversion to the long term, ...... We will undershooth SMA200 at some point, now hovering around $95. That's a bit of an amusing argument: the more obvious conclusion of price being above both 1d SMA200 and 100 is that we're stable/going up. Our statements do not contradict each other. |
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All i know is this is the time to get into bitcoins while prices are fairly low but very few people are buying. If there is another bubble this fall or next spring you will find thousands of people actually buying coins while the price is high and getting higher and then they get burnt on the downturn. It's a world of sheep out there. If the herd is not buying coins then the average buyer will not buy. At least the the original poster of this thread figured this out and is holding onto his coins rather than panic selling.
.... I trust reversion to the long term, ...... We will undershooth SMA200 at some point, now hovering around $95. |
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Markets stay irrational longer than the contents of your MtGox USD stash.....
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If BTC cannot reach $1000, it would have lost investor appeal already. I want to believe |
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Bid side is getting steep again! Another Tsunami on the way?
It could take until Sunday again.... |
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My bet is that we will first see deflation again after which the world's Central Banks open the floodgates and currency starts to lose value in increased doses. That short period of deflation is not necessarily a good period for Bitcoin. If the S&P500 goes down hard together with other paper, cash will be king and in higher demand, especially USD. Higher demand of USD could mean lower Bitcoin prices.
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Is this going to happen soon?
What am I looking at? |
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