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Yes, that was a breakout.
By "real" breakout, I meant something big enough to move us out of the larger consolidation pattern.
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Welp, no real breakout yesterday....more indecision today? Will the slide down continue? Looking back from the day before I started the thread until now: (6 hour chart)  Yesterdays "rally" had trouble breaking through 120. No significant movement down either....and just like that, we are back where we started. |
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A 400 % return in two years is amazing
Yes, it is. However this thread is about price in the short to mid term (weeks and months) for the most part. Where the price will be in the long term is anyone's guess. |
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Fitty's shitposting aside, The breakout up is a short term bullish sign. Is this the bull theory coming to fruition?
Maybe. I'm not convinced, yet.
Either way, looks like the consolidation might be over, guys....time to see some price movement. Place your bets.
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Oh wait, 10 days later and the market is up. Well those nuggets of wisdom sure didn't pan out.
The market is up? The one struggling to trade over 120? This is "up"? Really? Really? The price was higher 5 days ago, but you go ahead and keep up that righteous indignation, sport. Either contribute something of value to the thread or get the fuck out. |
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Funny, there is no shortage of people here willing to give advice.
I know, I just gave you some. Feel free to ignore it though, I'm sure everyone around here has your best interests in mind. |
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yes but not in 5 years.
Perhaps. A lot can happen in five years, particularly with BTC. I personally think we will still be experiencing a boom and bust economy 5 years from now; whether the bubbles will get bigger each time, or dwindle down until interest is lost, is still a mystery. |
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It would be interesting to see how fast the money was taken out from Gox's order book, compared to today - don't you think so?
Actual figure seems pretty healthy.
A lot of the wall could be fake, we've seen many fake walls come and go. That's the caution you need to take with these unregulated markets, an individual could easily place a fake bluff on either side to manipulate price movement, remove the bluff then take action once price has shifted.
You could probably put one together if you can find historical data from Gox's raw feed. Ironstove has a point, but I think cancelled orders show in the raw feed. |
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No, I don't need a picture, if others do they can post one.
I just want to know if it is going up or not.
Taking financial advice from strangers on the internet is a sure way to go broke; do your own analysis and dont expect others to do the work for you. If you must know other peoples opinions, read one or all of the many analysis threads on this subforum. |
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You forgot to point that you added in the underlined part. Good try. I said FTFY. Should I have written a comprehensive list about what I changed to the sentence? Does the word "financial" change the the point of the sentence at all (that the price of gold in modern times is almost wholly driven by manipulation)? Come on, you are just nitpicking now. But yeah, I'm sure gold is heavily manipulated. Not sure what that has to do with our discussion about gold compared to bitcoin.
Manipulated markets are the only real thing BTC and gold have in common, and all the hype about btc being "just like digital gold" is unfounded. |
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Do you know if it's possible to find somewhere a bid sum graph for 2011?
Not that I know of. |
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I was trying to construct a hypothetical case where theres a 20% drop in 2 months (so it fits the bear market definition) yet clearly it's not a bear market because it has been rising by 340% for 7 weeks. That bear market definition of a 20% drop within 2 month clearly doesn't work for markets that go up and down 20% on some days. That was my point.
Ok, I see where you are going with this now. |
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I didn't realize that
Hold on to your pants guys...its gonna get crazy.
Meant, hold onto your pants for weeks and weeks (maybe months), the market might drop (or it might not) and it might burst all the way down (or it might not).
Your ADHD is your own problem, not mine. The market doesnt move on your time, it moves on its own time...if you cant handle that, go invest in bonds or CD's or something more predictable. And as for your money disappearing bullshit, we went from $266 to $105 in less then a day. That must have been magically money that had the ability to disappear, but this new money disappears much more slowly.
No, you jackass. People sold their BTC, but not everyone just yanked their money out of the market. Some stayed in fiat to see how low it would go, some bought back in at 50 hoping for a recovery (hence the bounce). While those who got burned really hard probably exited the market completely, plenty of people stayed in, which is why the bubble hasn't popped all the way yet (and why the bulls consolidation to recovery theory is still a small possibility). When and If the market fails to recover, people will lose confidence that it will recover, and the price slides lower; but this doesn't happen overnight. We saw the same exact thing in 2011. |
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Every time I read it, it makes my day   |
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oh, I'm sorry, I mixed up the definitions of "bear market" and "downtrend".
However I'm not sure a 80% drop (from $266 to $50) within one week followed by a 440% rise (from $50 to $220) over a period of 7 weeks - which in sum gives a "downturn of 20% within 2 months" - would constitute the estblishment of a bearmarket.
It never recovered to 220, the bounce from 50 hit up to just above 160 on the 24th and hasn't been close since. The consistently lower highs would certainly constitute a downturn, the exact percentage will be known in a month. |
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9 days ago you said it was about to get "crazy" and "this bubble is going to pop all the way". And 9 days later, it hasn't gone down.
Holy shit, man it's only been 9 days. What do you expect to happen in a week and a half (besides the continued slide downward)? Money doesn't just disappear from the market. The last bubble popped over a period of months ( with insane volatility along the way), and I expect this one will play out in a similar way. If what I say bothers you that much, click ignore and move on (I promise it won't hurt my feelings). |
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Investopedia's definition of bear market says nothing about lower lows. If the price is significantly below 266 in another month (as it is now), it will "officially" be a bear market. Definition of 'Bear Market' A market condition in which the prices of securities are falling, and widespread pessimism causes the negative sentiment to be self-sustaining. As investors anticipate losses in a bear market and selling continues, pessimism only grows. Although figures can vary, for many, a downturn of 20\% or more in multiple broad market indexes, such as the Dow Jones Industrial Average (DJIA) or Standard & Poor's 500 Index (S&P 500), over at least a two-month period, is considered an entry into a bear market. http://www.investopedia.com/terms/b/bearmarket.aspHowever, I do think we will have to break through 50 before the bubble is "popped", and breakout above 150 would definitely signal a trend reversal. |
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For me, a bull wants to have acquired as many bitcoins as possible in the end. A bear wants to hold his profits in fiat in the end.
Ok, but in investment terms, "bear" and "bull" have specific meanings: Definition of 'Bull'An investor who thinks the market, a specific security or an industry will rise. Investors who takes a bull approach will purchase securities under the assumption that they can be sold later at a higher price. Definition of 'Bear'An investor who believes that a particular security or market is headed downward. Bears attempt to profit from a decline in prices. Bears are generally pessimistic about the state of a given market. Definition of 'Pig'An investor who is often seen as greedy, having forgotten his or her original investment strategy to focus on securing unrealistic future gains. After experiencing a gain, these investors often have very high expectations about the future prospects of the investment and, therefore, do not sell their position to realize the gain. Definition of 'Sheep'An investor who lacks a focused trading strategy and trades on emotion and the suggestions of others, including friends, family and financial gurus. This type of investor often makes rash investments without first determining whether these decisions are financially viable. The behavior of sheep contrasts with that of bulls and bears, who have focused views about the market. Definition of 'Lemming'The act of an investor following the crowd into an investment, without doing research themselves; this usually results in losses. These investors are emotional and easily swayed by the current ongoings of how well or bad the market is doing. This term is considered a "herd" mentality that can increase the chance of losing invested funds, because investors either leave the market too early or get into it too late, when prices are already too high to make a profit. Definition of 'Ostrich'A slang term given to investors or other market participants who ignore important pieces of information or situations, which have the ability to impact them or the market in which they operate. The reasons behind type of action can include risk aversion and bias. http://www.investopedia.com/tags/stock_market_terminology/definition/ Maybe there is a better way to quantify those two groups (fiat vs btc)? What about people who want both? What "end"? |
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u r a VERY bad man evolve
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