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Question: Recovery or bull trap?
Recovery, and a stable one - 7 (7%)
Recovery, but a bumpy one - 36 (36%)
Bull trap - 12 (12%)
Bull trap, but it won't go down a lot - 17 (17%)
Multiple bull traps - 8 (8%)
OMGWTFBBQ SELL SELL SELL - 5 (5%)
OMGWTFBBQ BUY BUY BUY - 15 (15%)
Total Voters: 100

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Author Topic: Recovery or bull trap?  (Read 6435 times)
Wekkel
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April 10, 2013, 09:45:16 PM
 #21

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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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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BIGMERVE
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April 10, 2013, 09:52:12 PM
 #22

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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April 10, 2013, 09:52:56 PM
 #23

^

Hope so. I want double digits. Damnit.  Grin
marcus905 (OP)
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April 10, 2013, 10:04:56 PM
 #24

It's starting to look a lot like the bull trap I feared Sad
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April 10, 2013, 10:06:42 PM
 #25

Now leaving Fear, headed for Capitulation.
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April 10, 2013, 10:07:04 PM
 #26

It's starting to look a lot like the bull trap I feared Sad

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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April 10, 2013, 10:10:00 PM
 #27

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
marcus905 (OP)
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April 10, 2013, 10:31:53 PM
 #28

(Poll added Smiley )

Now two questions!

1: WTF? Another bull trap? or what?

2: proudhon, where are you??
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April 10, 2013, 10:34:59 PM
 #29

Easy.  Bull trap.

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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April 10, 2013, 10:37:09 PM
 #30

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.
marcus905 (OP)
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April 10, 2013, 10:40:58 PM
Last edit: April 10, 2013, 11:00:55 PM by marcus905
 #31

Easy.  Bull trap.

Oh proudhon! You came as I called!

I am honored to have you as a guest in this thread Smiley

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 :/
chriswen
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April 10, 2013, 11:33:55 PM
 #32

This is so funny there was actually a bull trap  Grin

I wonder when people will get into the fear stage.

That's quite a sizeable bull trap.  It dropped $50.
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April 10, 2013, 11:34:37 PM
 #33

Easy.  Bull trap.

Oh proudhon! You came as I called!

Clearly this thread is a Bear trap Smiley
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April 10, 2013, 11:35:28 PM
 #34

It's a way to make or lose money with clever (or not) daytrading...  Grin

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Don't like my comments, donate to the BCRT (better comment research team) here at 1A1PbZypjEe7yanj69ApVS1FhK8UMW7Wdc Smiley
Francesco
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April 10, 2013, 11:42:11 PM
 #35

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  Wink As soon as the bubble has really burst.
Crypt_Current
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April 10, 2013, 11:45:48 PM
 #36

proudhon didn't use the phrase "single digits", so there's more downside to come

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April 10, 2013, 11:45:58 PM
 #37

Biggest bull trap bro.
marcus905 (OP)
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April 11, 2013, 12:00:57 AM
 #38

Easy.  Bull trap.

Oh proudhon! You came as I called!

Clearly this thread is a Bear trap Smiley

 Roll Eyes Wink
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