 -===- pretty significant triangle consolidation closing right now. break up or down? |
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this has been discussed many times before. price and difficulty are decoupled, but modulate each other. if the price drops below the difficulty due to decreased confidence, it will cause the least efficient rigs to suffer losses. theoretically, these rigs leave the network and the difficulty adjusts with the price. similarly, as demand for btc increases, rigs become more profitable, pushing the difficulty up with the price.
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volatility up! who will win? breakout upside or tumble down?  |
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I'm surprised people so quickly lifted it past 3 digits but it makes sense. Everyone thinks they'll be better at calling the top and cashing out on time than the last group.
some people are. my targets worked out great. 30% gains on the tiny staircase. i also sold my targets to wobber, who, if he followed them, should be sitting on similar realized profits. |
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don't be so sure yet. it is amazing to see this little staircase fight its way upstream against all the selling pressure, but there's still a whole lot of steam to let off. we're not "back to normal yet", this is going to be a period of high volatility, do not be fooled.
Yes absolutely, highly volatile, but I hardly think this spells the end for bitcoin as some would have us believe. I'm excited to see people buying 70k btc to reverse the trend and keep us above $100US. The long term future is bright buy buy buy!!!emphasis mine. this has literally always been the case. a lot more are worried about buying due to the threat of a short-term drop that might inflict more losses on their already goxed wallets. and you should be too. |
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everyone's yelling BULLTRAP, but the hands that are buying right know seem pretty damn strong. the big hands waited a long damn while (two-hundred and sixty-six USD? really?) the first time around, why not just pull the pump n dump again, immediately! anyone who wanted to sell already has, and those who are comfortable holding will continue doing so.
i thought bulltrap, too, but that ask depth is soooo thin and the price just keeps stepping up the staircase...
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The bubble is still on. The hype cycle is still on.
i don't think you know what either of those words mean.. |
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I dont see it. Because of all of the volume, looks like a reversal to me.
Better call. don't be so sure yet. it is amazing to see this little staircase fight its way upstream against all the selling pressure, but there's still a whole lot of steam to let off. we're not "back to normal yet", this is going to be a period of high volatility, do not be fooled. |
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Paid Arepo 1 BTC
068c2c72cd7b3fb219752e75045879e1866e7567bb2a06dd39e5b943bccd221c
He will trade it and provide me the outcome. More like an experiment.
here are the terms we agreed on: "the set of targets for the next 24 hours will cost you 1 btc. understand that i have no liability, and i will not compensate you for losses you suffer based on my trading advice. i am simply selling you my own trading strategy, and you follow it at your own risk." |
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NO, I DID NOT. I said in that post that some people had affected the price for profit. I DID NOT SAY that 200$ was healty.
dude i was quoting luckybit |
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It's good to have people who can keep their heads during huge gains. I appreciate you!
Now that the wind has finally changed, I think I may as well repeat my question from before: proudhon, what on earth was going on with you calling the top over and over? Have you figured out what you were misinterpreting?
I did the same thing and I realized I had not calibrated my oscillators for the incredibly large influx of money into the economy. They were screaming overbought, and I was worried that it all would lead to such a speculative bubble, but it really did seem to be on the verge of tipping at many, many points during this insane run-up. |
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I want someone to help me with doing a trade until Mtgox put's back fees.
I would like to share 1/4 of the earnings if someone is really helpful. Is anyone available to tutor me the next 28 or so hours? I don't want to discolose publicly the amount of USD I have but it's about 4 months salaries in US.
I will pay only bitcoins and will provide mtgox CSV values.
What do you need to be tutored in? lol you're the one who just posted in another thread that $200+ was a perfectly stable and healthy price for bitcoin, and if it wasn't for those meddling 'hackers'... he's looking for trading advice. don't infect others with your delusion. |
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Bitcoin was stopped by it's own success.
...
we all know it's going back up to $200+ as soon as ...
...
It wasn't a natural correction or bubble, it was produced entirely by hackers
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mt gox is ddosed to oblivion again.
If it continues eventually the people responsible will be tracked down and put in jail. call the cyberpolice! they dun goofd. The hackers might think it's harmless, but there are serious penalties for what they are doing. They may think they're smart enough to get away with it, but it's 2013, there's millions involved and it's a serious crime. They're going to get caught. i really don't think you know what you're talking about... |
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You can't draw support / resistance lines on log scale charts. Try linear chart...
[SNIPPED HUMONGOUS IMAGE]
stop spamming that worthless chart. it's taken completely out of context and has no predictive power. also, why can't you draw trend lines on log scales? |
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mt gox is ddosed to oblivion again.
If it continues eventually the people responsible will be tracked down and put in jail. call the cyberpolice! they dun goofd. |
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I'm one of those people you mentioned having put everything I own into BTC. Took equity out of the house, sold a whole range of electronics, even furniture, and put it all in. I sold at $237 (on the way down from 266) Bought at $117 (on the way up from 105) Sold at 178 (on the way down from 194) and now I'm prepping to buy all back in in the $70 range. It'll be 100 sometime Monday. moral of the story: smart bulls always win, i-told-you-so bears dont earn crap. congrats  you dun good, but know you're among few. bears earned a lot more than, say, the bottom 75% of bulls (0 > -x) |
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things are not okay right now. take some deep breaths and accept that. sell some more coins. take a break from the bitcoinworld. you're settling into delusional denial and you're going to end up making bad decisions.
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superduh, you've been here since June 2011. you know one scandal doesn't kill bitcoin. we may continue to slide but i'd be really surprised to even actually see single digits. too many strong hands.
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let me put it another way. if you dont want this to fail. buy 1 bitcoin
that's not how the market works, dude. people will buy when they feel comfortable with the price. bitcoin will not 'fail' but we may drop below the old all-time high. |
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