The problem with bulls is that they don't have any significant amount of fiat now. It is only bears that can really buy at this stage - you just need to convince them  |
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... My charts look like this FWIW  Bullish wedge! Only that it still needs to go much lower before resolving. |
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wow..soon people gonna wake up to the fact Bitcoin isnt just some play money to speculate with anymore.
With all due respect if you don't think BTC is a good speculative investment at this point in it's evolution then why the hell are you in this forum? I can respect your opinion... why don't you respect the opinion of those here? I think he was saying that its going to graduate from a speculative investment to a real, widely used currency... Money is always speculative - you don't own it for it's own value - but you speculate that in the future someone will exchange something valuable to you for it. |
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A dead cat bounce of about 80% is normal - so it is too early to decide.
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Another wedge (not entirely finished) - what bitcoin will do with it this time?
Rising wedges are supposedly bearish right? Yes - but in the past bitcoin had the tendency to not care about rising wedges - but this time there is also another barrier coinciding in mostly the same area - and so ... - I don't know. |
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It's pretty funny to watch an entire thread of that shit, actually. There must be like 5 people controlling 20 accounts. BTW I have only one account and yes I do sometime come here to make fun out of some users here, but this doesn't make me a 100% troll, most of the time I post really informative posts or call it my point of view, if you do not like my point of view than move on there is nothing to see here.... Maybe you are trolling - maybe you are just a newbie - but your posts are irritating because you pretend that you discovered something new - while the same very thing has been discussed here ad nausea. |
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Another wedge (not entirely finished) - what bitcoin will do with it this time?  |
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BTW guys, as much as I hate watching the "stage of a bubble chart" but it seems so F%&$/!? accurate, Is Bitcoin a different story ?  Looks familiar ?What is this? I have never seen this before, ever! There must be an internet law about this - like the one with Hitler. |
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too quick. needs more pain.
Retest of 400 (bitstamp) - probably - still quite painful for holders, but not lower for a few days at least (just speculating:). |
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So what does Warren Buffet say about this?
Not enough blood yet! Possible - but now it is the bounce back time (I've already sold - too nervous - but it will probably bounce at to 700 and possibly to 800). |
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It always bounces. Now it looks like we have seen the (temporary) bottom but people did not buy back and try to talk it back down.
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agreed, apart from the dead cat bounce. price doesn't just suddenly reverse....
But a dead cat can bounce quite a bit. It is not a bad opportunity to trade - the bounces are quick with huge gains - but you need to close the position quickly as well. |
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Interesting. Why don't you do it when you have the chance to double your coin amounts without put in more fiats? Do you guys really just hold you coins no matter what? Or is it a cultral difference between west and east? Which holding coins during the crach actrually make you feel better? Sold some at $800..bought some back at $520..
You are a traitor - you wrote you were holding like a boss - and now we learn that you have sold!? I was being ironic Relax. |
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Sold some at $800..bought some back at $520..
You are a traitor - you wrote you were holding like a boss - and now we learn that you have sold!? |
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I learnt above this method Elliotte waves. We are in wave C on way down and Wave C is alway as large as wave A on way down. Wave A was a drop of $660. now wave C started at $1060 so we should see a bottom of 1060-660 = $400. It could drop further as wave C sometimes is larger than wave A up to 1.6 times larger so we could go down to 1060 - (660*1.6) = $4 ??!!?? harr harr
At these scales it does not make sense to do it linearly - or you'd get negative values quickly. Maybe you should do that proportionally? Like wave A was a drop of more than 50% - so wave C should be less then 50% of 1060 = 530? But I think it is actually more probable that we'll have a triangle again |
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Maybe we'll go that way?  What's the difference between the bubble in 2011 and now? Because I fear repeating the 2011 bubble, I sold 35% of my Bitcoins. This convinces me that it can indeed repeat 2011 - not enough fear - true fear would mean 100% bitcoins sold. |
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I seriously can't believe people are still trading on MtGox.
I use mtgox because I don't trust any other entity with much of my funds. We've seen many exchanges come and go (bitcoin24,bitcoin7,tradehill,bitparking etc) but mtgox has been here all the time. Mtgox also has the highest price (and much volume/depth) and I am able to withdraw euro (or simply wait for price to equal any other exchange which happens occasionally). If I'm going to sell, it makes sense to sell for the highest price I can get. In conclusion I like gox, and I feel that my funds are safe with them. Goxxing doesn't bother me so much, yes it can be annoying, but trust is more important for me (but i don't trade a lot anyways). I think btc-e is great, low fees, many trading opportunities, but I don't trust them as much (or more precise I'm fearing that they will eventually be targeted by law enforcement). And correct me if I'm wrong, but Japanese and Polish account holders don't have delays when withdrawing from MtGox, no? Isn't it just the US and other parts of Europe? I hoped so - but my transfer to a Polish bank is still just 'confirmed' for nearly two weeks now. |
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Intuitively I would call it a crash when there is a sharp drop in price, and then the price doesn't regain the all-time high for several months.
So I wouldn't call november 2013 a crash. December 2013 remains to be seen.
well said and correct OK - but the question is of course how to determine if we'll have several months of down prices. Is there any indicator in the drop itself? If for example most people here would call it crash when it drops significantly more then 50% - then it can become a self fulfilling prophecy. |
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Bitcoin always gives you a second chance |
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