Please. A moment of silence for the bears:
Thank you.
Please continue.
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... and coke   So much win, lol. |
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"bull trap"
lol. Seriously, when will people stop saying that. |
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Yeah so, guess I'm back in then. A mighty effort to take down that $150 wall. PANIC BUYING  Never underestimate the power of a wednesday  |
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 In other news, fiat waiting to be coins is still increasing and available coins decreasing. There's 5 million in cash alone just above 120 (where we were 36 hours ago) just waiting to get in. At this point I think 170 by week end is not unrealistic. |
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This is quite scary. Let's analyze the facts: - the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
- there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)
I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline. IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC. The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train. Yep - and then the bubble will start over again. The impressive thing is that we are putting in the floor right now - i.e. the next hype leg up hasnt even started yet. Once that starts again... hold on. |
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Good luck to whomever just bought my coins and I hope you've bought your wall-climbing shoes: 16K+ $2 ahead.
It's been a great little run but we need to pause for breath (and new money).
Today is Wednesday. |
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I've paid a total of about $2k usd in rent over the last 3 years while traveling the world. It's far easier than most think.
what the fuck!!! really??? 2K over 3 years did you live in a cardboard box?:?:?:? lol nah man read a little bit farther down the thread. I spent months in many beautiful developing countries very cheap. Then lived in more developed countries in many places by wwoofing, so I got free rent (& sometimes food too). Then I rented a place of my own for a few months to take a break and thats where the 2k came in. |
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if you wanted to go to college to pursue a career that involved seperating rich people from their money, what lines of work would you consider?
Archery works best. zing! |
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In you screenshot you set the chandle stick period to daily. But the instructions given on the first page of this thread call for hourly candles. A similar strategy based on daily sums is heavily long-term trend oriented and basically would classify this oh so horrible crash just as a ditch and wouldn't have created a strong sell signal at all. But Goomboo's strategy is more short-term and reacts on day-to day changes, thus the hourly accounting. I knew I was missing something  thanks for clarifying |
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"Managing partner Gatis Eglitis claims they are now getting 20 calls a day from large asset managers looking to invest up to $100m." - http://www.ft.com/intl/cms/s/0/b4be7d8e-9c73-11e2-9a4b-00144feabdc0.html#ixzz2PRJpnZqIThis smells like textbook pump and dump. - There hasn't even been $100 million traded since this article was released, let alone purchasedI highly encourage all participants to ensure that they have an exit plan in place and the discipline to stick with it should price reverse. Why haven't I read your thread 3 days ago?  Better late than never, now I just have to wait out couple of weeks before the situation settles down. Thank you for your common sense approach posts. Out of curiousity, can you tell what your exit point price was? Hey Silver... If you are talking about the Crash/Correction 2 days ago... If you follow the instructions on setting up the chart (first page of post... 6 posts down or so)... It looked like this system was calling for Sell at ~$230. Now the catch is... with the mtgox lag... how much your sell order would have been at that point? Since this method seems to get you in late and out late (can't tell the future!). The mtGox issues and lag could have cost serious change but then again probably better then the alternative. Then again, I barely know what I am talking about. I have a really noob question... I have seen previous posts by OP like: 1. Long Feb 1st - 3rd = +5% 2. Short Feb 3rd - 7th = +5% 3. Open long Feb 7th ~ unrealized PNL +1% From my understanding so far, Long = Buy and Short = Sell in simple terms. Though the terms seem to be more advanced in that they indicate to "short" btc via the few markets that allow shorting transactions. Long still seems = buy in both cases. Is my thinking correct? Where do you get 230? If you are talking about the 10/21 EMA, they would have crossed at nearly the bottom of the crash...  |
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Am I supposed to take that troll attempt seriously? |
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log.
scale.
un- sus- tain- able. why, exactly? |
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I don't even have to post that bubble anatomy chart anymore.  If it looks like a bull trap, smells like a bull trap it is probably a bull trap. log. scale. |
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