marcus905 (OP)
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April 10, 2013, 08:51:08 PM |
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Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
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Newscastix
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April 10, 2013, 08:54:15 PM |
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make a vote out of it!
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giarc
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April 10, 2013, 08:55:47 PM |
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Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it. I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall. |
If anything I've said is vaguely useful feel free to show your appreciation
btc: 1MfMjYXnHkGyRSE9f14XJsmxruuiVreEDh
bte: 8dH3WNre8DPyuj3oCFFNetTtVMXygs59t8
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JordanL
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April 10, 2013, 09:01:37 PM |
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Recovery.  |
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nobbynobbynoob
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April 10, 2013, 09:02:03 PM |
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Only time will tell.
Never being in with what one couldn't afford to lose in the first place, combined with never selling bitcoin for fiat, is a strategy that has worked OK for me so far. It mightn't be the perfect equity strategy, but it mitigates most of the market volatility risk.
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Elwar
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Viva Ut Vivas
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April 10, 2013, 09:04:22 PM |
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There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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im3w1l
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April 10, 2013, 09:05:29 PM |
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What if it was a bear trap?
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bitcon
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April 10, 2013, 09:06:53 PM |
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im just happy i had a buy order set at $190  a couple days ago |
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Xendrios
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April 10, 2013, 09:07:59 PM |
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I have yet to see a bull trap in bitcoin, looking back at the past 4 years it looks like one big bear trap :-)
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Philj
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April 10, 2013, 09:09:12 PM |
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When you look back in a few weeks while we're sitting at $500/BTC you'll see that we just left a bear trap.
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Luno
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April 10, 2013, 09:13:24 PM |
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We got world press attention remember. How the press takes this second DDos / crash will have a lot to say about market adoption speed in the near future. Stunt's like this need to be dealt with publicly the following days!
It's no longer fun and games!
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marcus905 (OP)
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April 10, 2013, 09:15:13 PM |
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There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
I already did, and it's Bitcoin. I like speculating and playing with the markets though... Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it. I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall. Thanks! It's what I think I'll do  The sentiment about Bitcoin is positive from what I see, though |
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hgmichna
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April 10, 2013, 09:17:09 PM |
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We are in a picture-book bull trap right now.
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Xendrios
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April 10, 2013, 09:18:49 PM |
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We are in a picture-book bull trap right now.
depends on what happens next. If you're convinced of it being a bulltrap, sell your coins? :-) |
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giarc
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April 10, 2013, 09:18:56 PM |
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There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
I already did, and it's Bitcoin. I like speculating and playing with the markets though... Is this the start of a recovery or a bull trap?
I'd hope for the first but I'm still confused...
This has been a major fall and there seems to be no sign of the depression stage of a bust, on top of this the population of bitcoin investors has a large ideological component creating excess bullish tendencies. These two things suggest to me that there should be a bull trap at some point and that this is possibly it. I wouldn't worry about buying back in quick, wait for the depression stage when you can be more comfortable with your choice. If it stabilizes before then it'll cost you maybe 10% to buy in later. If not you'll profit from a lower price and no loss due to a fall. Thanks! It's what I think I'll do The sentiment about Bitcoin is positive from what I see, though The positive sentiment is what scares me. |
If anything I've said is vaguely useful feel free to show your appreciation
btc: 1MfMjYXnHkGyRSE9f14XJsmxruuiVreEDh
bte: 8dH3WNre8DPyuj3oCFFNetTtVMXygs59t8
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giarc
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April 10, 2013, 09:20:42 PM |
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We are in a picture-book bull trap right now.
I agree, not sure on timings though. Up to a couple of days i guess. What are your views? |
If anything I've said is vaguely useful feel free to show your appreciation
btc: 1MfMjYXnHkGyRSE9f14XJsmxruuiVreEDh
bte: 8dH3WNre8DPyuj3oCFFNetTtVMXygs59t8
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alexh
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April 10, 2013, 09:21:39 PM |
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Definitely recovery, but probably not a stable one!
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CoinDiver
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April 10, 2013, 09:24:34 PM |
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Dead Cat Bounce.
Oh, and expect everyone to tell you the opposite of what they really think, in a vain attempt to steer you in a direction that they believe will benefit them.
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evolve
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April 10, 2013, 09:32:35 PM |
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No one knows. I'll be taking profits from the crash soon and staying out until the market figures out a direction.
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PrymeTyme
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April 10, 2013, 09:36:46 PM |
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a retest of the lows will tell us more .... patience ..
till now it looks like pot. selling climax ...
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Wekkel
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yes
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April 10, 2013, 09:45:16 PM |
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There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
I need to make a repository of favourite forum quotes.... |
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BIGMERVE
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April 10, 2013, 09:52:12 PM |
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I know people post this image way too much, but it has been very accurate so far.  If Mt.Gox lag keeps increasing this will definitely be a bull trap. |
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chrsjrcj
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April 10, 2013, 09:52:56 PM |
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^ Hope so. I want double digits. Damnit. |
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marcus905 (OP)
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April 10, 2013, 10:04:56 PM |
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It's starting to look a lot like the bull trap I feared  |
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Rincewind
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April 10, 2013, 10:06:42 PM |
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Now leaving Fear, headed for Capitulation.
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BIGMERVE
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April 10, 2013, 10:07:04 PM |
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It's starting to look a lot like the bull trap I feared Yeah, but I think the low will be around $100. We'll probably hit double digits and then bounce right back up. |
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pretendo
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April 10, 2013, 10:10:00 PM |
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200+ prices were based on the exuberance of buyers that flocked here to cash in on some never-ending increase in value. We won't see that again until the strong hands and institutions really support it. Price will still mainly be floated by speculation, but not nearly what we were at.
If i had to take a guess, I can predict settling just above 100 for a while and creeping up more cautiously than before
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marcus905 (OP)
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April 10, 2013, 10:31:53 PM |
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(Poll added ) Now two questions! 1: WTF? Another bull trap? or what? 2: proudhon, where are you?? |
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proudhon
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April 10, 2013, 10:34:59 PM |
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Easy. Bull trap.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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chrsjrcj
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April 10, 2013, 10:37:09 PM |
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I don't know where the bottom is. I threw out $75 during the height of the madness, but will accept anything below $150. I want at least two weeks of stability, but with Bitcoin, anything can happen.
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marcus905 (OP)
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April 10, 2013, 10:40:58 PM
Last edit: April 10, 2013, 11:00:55 PM by marcus905 |
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Easy. Bull trap.
Oh proudhon! You came as I called! I am honored to have you as a guest in this thread Thank you! Anyway, to be honest and open, atm I'm in a hold-and-wait state, with a pretty small sell off to cover possible losses ordered at about 195$ and a slightly bigger failsafe at 145$ Edit: failsafe hit :/ |
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chriswen
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April 10, 2013, 11:33:55 PM |
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This is so funny there was actually a bull trap I wonder when people will get into the fear stage. That's quite a sizeable bull trap. It dropped $50. |
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ninjarobot
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April 10, 2013, 11:34:37 PM |
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Easy. Bull trap.
Oh proudhon! You came as I called! Clearly this thread is a Bear trap |
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ehoffman
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April 10, 2013, 11:35:28 PM |
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It's a way to make or lose money with clever (or not) daytrading... |
Like my comments? Cheer me up at 137s1qFV63M6SXWhKkwjaZKEeZX23pq1hw Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc |
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Francesco
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April 10, 2013, 11:42:11 PM |
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There is no bull or bear. Only Bitcoin or fiat.
Make your choice.
I need to make a repository of favourite forum quotes.... BTC or Fiat? Fascinating. But, I have chosen: more BTC  As soon as the bubble has really burst. |
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Crypt_Current
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April 10, 2013, 11:45:48 PM |
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proudhon didn't use the phrase "single digits", so there's more downside to come
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Zendata
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April 10, 2013, 11:45:58 PM |
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Biggest bull trap bro.
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marcus905 (OP)
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April 11, 2013, 12:00:57 AM |
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Easy. Bull trap.
Oh proudhon! You came as I called! Clearly this thread is a Bear trap  |
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Poll
