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Author Topic: Relax people.  (Read 2623 times)
cbeast
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Let's talk governance, lipstick, and pigs.


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January 25, 2013, 02:14:27 PM
 #21

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...
It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.
That was how I learned of it in 2011 when Bitcoin dropped into near oblivion. That's when I doubled down. Bitcoiners are getting smarter and realizing that PnD no longer has a great effect.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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stochastic
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January 25, 2013, 02:23:54 PM
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Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000.  That is selling time because the market is saturated with no one left to buy.
Where's the saturation you've mentioned? You mean a small cake of 50g can feed up 1000 people?

Sure, if not everyone wants to eat.

Introducing constraints to the economy only serves to limit what can be economical.
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January 25, 2013, 02:25:59 PM
 #23

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...
It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.
That was how I learned of it in 2011 when Bitcoin dropped into near oblivion. That's when I doubled down. Bitcoiners are getting smarter and realizing that PnD no longer has a great effect.

Well if not we will find out shortly Wink
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January 29, 2013, 01:17:58 AM
 #24

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.   
See? Grin  Grin  Grin

                               
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