Rampion
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June 14, 2013, 04:01:04 PM |
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The give away was the increasing price on decreasing volume over 3 days. That is often a pretty tell tale sign of downward movement to come.
It was for me. But I wish I would have listened to my gut at $130...
True... I'd like to see the $100 support level turn into resistance though...  It's going to take some major selling to hold under this important psychological level, but if it does, then we might finally start to see some panic selling I also see some panic selling approaching, but I don't think the volume will be as high as we had during the $266 to $50 crash. We had two days with ATH volume. We'll see. |
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siulynot
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June 20, 2013, 09:46:43 PM |
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ElectricMucus
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Marketing manager - GO MP
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June 20, 2013, 09:52:53 PM |
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pretty!
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BrightAnarchist
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June 21, 2013, 12:57:36 AM |
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Very nice... this count would certainly make sense given what every other market is doing (except for the USD, which was up today) BTW, awesome decline in the S&P today... it feels sooooo good to be a bear and finally be making $ again -> bonds, gold, silver - a real bloodbath I think BTC was up today because people had to buy in order to withdraw from mtgox... but if the correlation is going to continue, it should break once stocks get enough downside momentum going |
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siulynot
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June 21, 2013, 01:35:00 AM |
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lucif (OP)
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Clown prophet
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June 21, 2013, 06:19:47 AM |
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Thanks siu. I already posted dat count in russian thread and here, but nobody gives a fuck  I made my profits and being in vacation expecting price on the long way down to 30 or even more. |
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lucif (OP)
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Clown prophet
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June 21, 2013, 11:42:12 AM |
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Good bye, mtgox, good bye. Expecting their news in facebook "Our death was the result of our success"  |
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siulynot
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June 21, 2013, 12:43:45 PM |
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2 weeks of no USD withdrawal... in bitcoin world 2 weeks is a lifespan.
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BrightAnarchist
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June 21, 2013, 12:54:16 PM |
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... expecting price on the long way down to 30 or even more.
Agreed. |
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samson
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June 21, 2013, 12:55:02 PM |
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Thanks siu. I already posted dat count in russian thread and here, but nobody gives a fuck I made my profits and being in vacation expecting price on the long way down to 30 or even more. I'm hoping for $20 but will start buying at around $32 |
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BrightAnarchist
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June 22, 2013, 02:16:59 PM |
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Miz4r
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June 22, 2013, 03:09:08 PM |
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A period of deflation is not uncommon to see before (hyper)inflation. I wouldn't be too confident if I were you. |
Bitcoin = Gold on steroids
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Odalv
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June 22, 2013, 03:18:57 PM |
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... expecting price on the long way down to 30 or even more.
Agreed. keep dreaming |
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Odalv
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June 22, 2013, 03:19:47 PM |
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Thanks siu. I already posted dat count in russian thread and here, but nobody gives a fuck I made my profits and being in vacation expecting price on the long way down to 30 or even more. I'm hoping for $20 but will start buying at around $32 SINGLE numbers :-) lol |
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BrightAnarchist
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June 22, 2013, 03:40:35 PM |
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A period of deflation is not uncommon to see before (hyper)inflation. I wouldn't be too confident if I were you. I agree. My model is deflation followed by hyperinflation. But don't underestimate the deflationary part of the cycle, it will be (and already is) intense. |
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Frozenlock
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June 22, 2013, 06:28:34 PM |
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I agree. My model is deflation followed by hyperinflation. But don't underestimate the deflationary part of the cycle, it will be (and already is) intense.
Really? I'm still waiting to see prices dropping around me; or at least stop increasing.  |
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myself
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chaos is fun...…damental :)
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June 22, 2013, 06:31:22 PM |
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I agree. My model is deflation followed by hyperinflation. But don't underestimate the deflationary part of the cycle, it will be (and already is) intense.
Really? I'm still waiting to see prices dropping around me; or at least stop increasing. because money printing > > deflation i think they invented a new term for that called stagflation |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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Frozenlock
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June 22, 2013, 06:37:41 PM |
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I understand that they are unable to create inflation. But to say we currently have deflation... I don't see it. i think they invented a new term for that called stagflation That's inflation and stagnation. |
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ElectricMucus
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June 22, 2013, 06:40:44 PM |
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I understand that they are unable to create inflation. But to say we currently have deflation... I don't see it. i think they invented a new term for that called stagflation That's inflation and stagnation. Not entirely, nearly every luxury item is decreasing in price, new cars, electronics, real-estate. Of course that doesn't affect people who can't afford luxury items... |
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Frozenlock
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June 22, 2013, 06:44:52 PM |
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Here in Canada the real-estate is still at an all time high.  |
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