XXthetimeisnowXX (OP)
Sr. Member
 Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
|
 |
July 31, 2013, 04:14:40 PM |
|
major drop in price, what do you think? was it a bull trap this whole time and now its snapping shut? or is it a classic bear trap in the making where others will sell and then the suckers will lose cuz it will go back up past 111? maybe just a few big fish selling off??? 2 and 4 are sorrta the same.
|
|
|
|
|
vokain
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
July 31, 2013, 04:17:18 PM |
|
price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here You mean mini-bubble deflating. We weren't ready for $110 yet  yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86. slow grind up is the best kind of climb i think it's standard distribution before consolidation |
|
|
|
|
vps15
Member
Offline
Activity: 98
Merit: 10
Gain more btc! https://satoshicircle.com/?aid=1718
|
|
July 31, 2013, 04:24:00 PM |
|
Just someone selling off, bears turning bulls should have taken advantage of that sudden fall
|
|
|
|
Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
|
|
July 31, 2013, 04:26:00 PM |
|
price falling right now, dont expect this to last long though. Get on the train now if you missed before when it was below $100
bubble keeps deflating, nothing to see here You mean mini-bubble deflating. We weren't ready for $110 yet yeah, i think i agree. in my opinion, this is sort like our first jump to 104 from 65. we couldn't handle that before consolidating when the sellers sold us down to 86. slow grind up is the best kind of climb i think it's standard distribution before consolidation It does appear like that. Very big money got us here. There are not enough buyers around for them to unload to. This is the smaller players cashing in on a profit (I hope). Big money will appear again if we go to low... |
BTC = Black Swan.
BTC = Antifragile - "Some things benefit from shocks; they thrive and grow when exposed to volatility, randomness, disorder, and stressors and love adventure, risk, and uncertainty. Robust is not the opposite of fragile.
|
|
|
XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
|
|
July 31, 2013, 04:47:33 PM |
|
wow didnt think we would be back to 108 so fast, unless it dips again i guess that was a bear trap. ha and i sold some. hum guess im not as bullish as i thought. dough!  |
|
|
|
|
Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
|
|
July 31, 2013, 05:04:33 PM |
|
IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.
|
Sometimes, if it looks too bullish, it's actually bearish
|
|
|
XXthetimeisnowXX (OP)
Sr. Member
Offline
Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
|
|
July 31, 2013, 05:25:03 PM |
|
IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.
that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is. |
|
|
|
|
Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
|
|
July 31, 2013, 05:41:24 PM |
|
That big drop was the price going down.
Anything beyond that is spin and salad dressing.
|
If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
|
|
|
vokain
Legendary
Offline
Activity: 1834
Merit: 1019
|
|
July 31, 2013, 05:45:46 PM |
|
That big drop was the price going down.
Anything beyond that is spin and salad dressing.
*looks at board name* hehe but of course |
|
|
|
|
derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
|
|
July 31, 2013, 05:49:44 PM |
|
IMO it was a correction, but it's not complete. The bid sum / ask sum is still looking bad.
I guess it's possible to have another drop to 103, maybe 101.
that is what i was thinking, the wall, unless moved, is just to big. not that it is not possible we are talking about bitcoins here ha ha. but really that was a huge wall well over a million to go below that. not was.... is. Problem with expecting walls to hold the price up, is that they are often seen as the last exit point before a large fall.. so, if we go to 101.5 or something, then 101 will likely be eaten. Quickly. |
|
|
|
|
|
Poll
