It seems very hard for the price to stay above 1000. People are so afraid it seems. Really anything could cause another panic sell back to 920 or so now. While staying above 1000 or getting higher needs constant big buys that don't do anything really as people sell right into it.

Apparently they are now actually accepting through their business account. This is actually very very good news if that is indeed the case.

All i'm saying is that as long people are buying there will always be weak hands. So we can stop mentioning it really.

Not really. You seem to be making my point for me. Every dump does shake out weak hands. it only stayed at the ~100$ for six months or so. The recovery from the 2011 crash took 18 months. i believe the recovery time is correlated with the proportional rise of price in the rally. by that metric, we have three months to wait (give or take 3 three months) before the next rally.

I actually hope that's true, because as soon as the wankers get out of the game, liquidity will dry up and we'll sooner reach a new ATH. I predicted it will take three months to shake out all the weak hands. I'm standing by that prediction. two months to go.

It seems that tens of thousands of coins were bought by speculators at 1000 USD or more, just before the all-time high, on the assumption that the price would keep rising. Some of those speculators must have grown disenchanted and will dump those coins as soon as the price returns to that level.

Er.... that is when I offloaded half my LTC - expecting a retrace.

Damn, welcome to my coins

Its a one way death trip...won't survive the radiation once they leave the earths protective field.

Shroomsie , do you know you're white clean again just like walsoraj?
At least your ignore button?
=)))))

Don't you ever get tired? Your posts are entertaining but surely you must get tired of typing bullshit 24/7?

list of things (partially logically sequential order) that ought to have been implicitly understood from my post but apparently were not:

a) these traders may be content with the profits they have made, and simply have reached their own price point (daytraders, as adam suggests)

b) these traders may not be bullish enough to see $900 as a viable short-term target.

c) these traders are pricing in their bearish sentiment by taking profits now, preferably before other doubtful, impatient traders do the same, which creates a feedback loop which can prevent us from reaching $900 at all.

d) mutual knowledge of (c) and a short-term bearish sentiment causes the price to correct slightly and stabilise slightly underneath $900.

e) most traders think they will not make money by putting up a sell order around $900.

f) feedback loop continues.

the people who are dumping now are the ones who bought coins before we took off and are taking profits (out of the pockets of those who bought coins during the rally itself).

Wow...I didn't realise you are infallible.
My apologies.

Tread lightly. A lot of signals have been triggered on lower time charts, and LTC has diverged.

If Gox falls below 861 we are going a leg down. Might even be the so awaited final capitulation.

Bear? Excuse me?

This is what I also believed before jumping in to be a full time market analyst. But with decent excel skills it is possible to model many situations where it makes sense to have less than 100% in bitcoins, or trade.

I have so many lines of data and charts, for example I have analysed the bottoms of the recent crashes to 5 minute precision in all of the exchanges to find out where I get the coins cheapest and in largest quantity, and how quickly it falls, how quickly it bounces back, what volume is reasonable to expect, so what size of orders are best to use. From next week I have a new half-time assistant doing mainly the analysis of exchange behavior, so that the capturing of tops and bottoms should happen with even greater precision.

Why I mentioned limit orders is that unless you have 24/7 trading (which I don't know if anyone has), it is reasonable to have quite a lot of fiat parked in the range 20-50% below the current price. The crashes are so deep and in a sense so predictable (not possible to know when they will happen, but play out quite the same every time) that the exact placement of orders can net you BTC10s easily. For example the Silk Road crash was an actual opportunity to buy at $90 in October. Yes, December-November-October. So many things happen in Bitcoin which cannot be predicted but can be captured with limit orders. Not being in Bitcoin is risky, but cutting your # of coins in half by insisting to buy now is not too smart either.

It is a shame that only stupid people tend to reply to my analysis, you know the ones who only want to know if the market will go up this afternoon (which in fact is the thing I could influence the most, thus nullifying the actual predicting) and cannot comprehend an advanced prediction such as "with 70% certainty we visit $450 before hitting $1,100 which makes it a wildly profitable +32% EV play after fees".

I am sorry if any person in any standing whatsoever has been offended because of my hard speech towards the trolls who don't know how to behave respectfully.

Besides there are some strawmen arguments that I have been wrong with market calls. There is one that I remember (quitting yelling "crash" when we had climbed to the top) but every other call since the start of the October bull market has been correct afaik. If you want to say that I was wrong, please post the wrong call in context and explain why it was wrong. Or refrain from lying.

Your hate-posts are noise. Wise up and quit posting them.

Quite many want to hear my predictions (or yours), but nobody wants to hear how much you hate me because I am richer for the reason that I have better track record than you in BTC.

I listen to Goat and Loaded because they have more BTC than me. Then some are smarter than me for example Zanglebert, wachtwoord and oakpacific. BitChick is just cute. But the others, no need to reply just to show hate; the time is better spent honing your own excels.

He's right. There's going to be a final capitulation. But not yet. We have to see $900 first.