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1083
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 05:04:10 PM
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I guess we're now re-testing a very very long term support line. This is worrying! If we break below $350 - I don't like this saying at all usually - we're doomed!
I truly think we're fucked if we cross that point. It simply shouldn't go that low if Bitcoin is healthy. If we cross it then there is something seriously wrong and there will be a good chance it won't go up anymore. |
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1084
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 05:00:51 PM
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Why is it that almost everybody in this thread is long and I am probably the only one short ?
The trend was down, it hit major resistance, it failed to rally on good news. Why would you be long in this market?
Why is everybody saying "YAY! Cheap coins" ??
Why are you trying to catch a falling knife? This might be the bottom but its highly unlikely its the bottom. It could go down another $50,$100 or $200 before it reaches a bottom and finds support.
The cheap coins argument. I'm so tired of it. How many more years will peoole be cheering that we're going down? Every drop since 1200 has been totally fucking awesome because "cheap coins". We dropped to 900! Awesome! I'm buying all these cheap coins! 700! Perfect! I'm buying! 500 woooow cheap coins! I'm buying. 450! I can wait for 300's buying them cheap coins! 250 this couldn't be any better. Buying here! 100 fuck i'm buying. 1 cheeeaaap coins i'm buying! Bitcoin dead but fuck that i'm sitting on all these cheap coins! The ShroomsKit argument. I'm so tired of it. Actually ShroomsKit has a point. Both traders and holders rely on buying low only in the hopes that it goes up from there. But what if it doesn't? From a holder perspective, anyone that bought any bitcoin this entire 2014 year, would be sitting on some kind of loss right now, unless you just happened to be so lucky to get one at $389. Think about that for a moment. Any of the hundreds of thousands of new bitcoiners that bought bitcoin this year has never seen a bitcoin go up in price, ever. Only down. That's why we should stop cheering when it goes down. This was the year it was gonna go big, instead it's turning out to be the worst investment for tons of people. This constant downwards pressure is killing Bitcoin. I keep saying it: it won't magically go up again forever. One time it will simply stop. How many more crashes before people simply stop buying? This might be the last one. And then there you are. With all your cheap coins worth shit. |
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1087
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 04:41:32 PM
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Why is it that almost everybody in this thread is long and I am probably the only one short ?
The trend was down, it hit major resistance, it failed to rally on good news. Why would you be long in this market?
Why is everybody saying "YAY! Cheap coins" ??
Why are you trying to catch a falling knife? This might be the bottom but its highly unlikely its the bottom. It could go down another $50,$100 or $200 before it reaches a bottom and finds support.
The cheap coins argument. I'm so tired of it. How many more years will peoole be cheering that we're going down? Every drop since 1200 has been totally fucking awesome because "cheap coins". We dropped to 900! Awesome! I'm buying all these cheap coins! 700! Perfect! I'm buying! 500 woooow cheap coins! I'm buying. 450! I can wait for 300's buying them cheap coins! 250 this couldn't be any better. Buying here! 100 fuck i'm buying. 1 cheeeaaap coins i'm buying! Bitcoin dead but fuck that i'm sitting on all these cheap coins! |
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1091
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 02:27:32 PM
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Down another five percent. So what?
Only 5% and before that only 7 and before that only 5 and before that only 3 and before that only 10 and in total only 60. No problem. Everything looks fine. And smart money can't wait to get in! And Gabi. It's bullish as hell really. Ask yourself one question: Do you belief Bitcoin will reach 1000 USD again? If the answer is yes, hold or buy. Simple as that. I used to be convinced of that. But imo it should already have happened. People here seem to think Bitcoin can just go down and down and then magically go up again. Yes this happened a few times times but one day it will stop. Now was the time for it to get big. To go up. Instead everybody seems to be cashing out and scaring away new people. It's doing the opposite of what it should do. I'm not sure if we will get yet another chance. I think this was it and it failed. |
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1093
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 01:58:09 PM
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That might be the fast-crash we need. Alot of powerful forces want to buy lower. Let them, buy with them, ride the wave wherever it goes, and chill. Bitcoin did that multiples times already, and always recovered.
I've been reading about these mysterious forces that want to get in for 9 months now. So who exactly are they and when exactly are they gonna buy in? I believe they will buy in right after they kill the golden goose, and everyone will lose. Humans are doomed to destroy the planet and we can't do anything about it. Despair. Repent. Rejoice. Could it be there is no big mysterious force that wants to get in? |
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1094
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: September 18, 2014, 01:38:27 PM
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That might be the fast-crash we need. Alot of powerful forces want to buy lower. Let them, buy with them, ride the wave wherever it goes, and chill. Bitcoin did that multiples times already, and always recovered.
I've been reading about these mysterious forces that want to get in for 9 months now. So who exactly are they and when exactly are they gonna buy in? |
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