2967
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Economy / Speculation / Re: shit, shit, shit
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on: January 27, 2012, 08:21:39 AM
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The problem now are bitcoinica cascading forced liquidations - if that happens again it can drive the price down very quickly and at this point is is quite probable because we are close to the recent bottom and the star was on the buy button well into 5.4 prices.
Indeed. I think if we go < $5 the price will tumble.
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2968
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Economy / Speculation / Re: A little more on technical analysis..
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on: January 27, 2012, 08:18:06 AM
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As we see now, 5,69-level has been broken down. But the low volumes are still show us that breakdown false. Stochastic oscillator showing oversold. The price will return to the AB-channel, and then the growth will follow.
Yea but 'oversold' for how long? And it all depends on what timeframe your looking at as to whether its oversold or overbought eg This is the 5-day hourly chart:
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2969
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Economy / Speculation / Re: Clark moody sucking for anyone else?
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on: January 27, 2012, 07:36:51 AM
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Been having probs again lately:
17:58:55 > Attempting connection over websocket 17:58:55 > Attempting connection over websocket 17:58:46 > Reconnecting in 10.0 seconds. Attempts: 2 17:58:41 > Reconnecting in 5.0 seconds. Attempts: 1 17:58:39 > Disconnected.
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2970
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Economy / Speculation / Re: KNIFE IMMINENT
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on: January 27, 2012, 07:15:42 AM
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i got out, this market is so insane i cannot find single reason to support it, i'll get back in when hits bottom
Yea lets face it..as hard as it may be to take...FIAT currency is safer atm than Bitcoin, which IMO is currently just a commodity to trade in to increase your FIAT balance and is no different to gold or silver.
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2971
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Economy / Speculation / Re: Crash!!
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on: January 27, 2012, 05:59:58 AM
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What's the picture of a dam have to do with anything? (Btw, that dam is perfectly functional right now ) Well, its supposed to be an analogy of a wall and Bitcoins spilling through it
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