SAQ (OP)
Newbie
 Offline
Activity: 56
Merit: 0
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April 15, 2013, 11:20:17 PM |
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http://i45.tinypic.com/2moo8sw.pngIt went down to 100 from more than 260 so it could be argued that we are in capitulation, but I do think $100 is too much for a bitcoin considering how uncertain it is as to whether it will be used as a currency and or it will be adopted. I don't think new money would consider buying it as its way high. Unless we get another Cyprus of course. I think we probably had a spectacular bubble from 40 to 260 in about one month! It went down sharply to 100 because it went so high in such a short period. The 75 - 120 was the bull trap in my opinion - i.e. New normal. Now that it is hovering around 70 - 80 I think fear is getting hold?
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wopwop
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April 15, 2013, 11:21:44 PM |
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i sold already so no fear here
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 15, 2013, 11:26:16 PM |
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The bullies were always trolling how bitcoin cant be compared to this chart..guess all bubbles pop similarly  |
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bitcon
Legendary
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Activity: 2212
Merit: 1008
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April 15, 2013, 11:30:49 PM |
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 It went down to 100 from more than 260 so it could be argued that we are in capitulation, but I do think $100 is too much for a bitcoin considering how uncertain it is as to whether it will be used as a currency and or it will be adopted. I don't think new money would consider buying it as its way high. Unless we get another Cyprus of course. I think we probably had a spectacular bubble from 40 to 260 in about one month! It went down sharply to 100 because it went so high in such a short period. The 75 - 120 was the bull trap in my opinion - i.e. New normal. Now that it is hovering around 70 - 80 I think fear is getting hold? says the expert with 9 posts.... |
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jatajuta
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April 15, 2013, 11:33:17 PM |
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Yeah right, on 2011 everyone show this stupid chart and look at the prices now... |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 15, 2013, 11:35:11 PM |
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Yeah right, on 2011 everyone show this stupid chart and look at the prices now...  yeah look at them! |
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Bitmeat
Newbie
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Activity: 28
Merit: 0
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April 15, 2013, 11:36:09 PM |
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The bullies were always trolling how bitcoin cant be compared to this chart..guess all bubbles pop similarly All bubbles pop differently, there can be multiple bear traps, bubbles within bubbles, etc. Markets are like Schrödinger's cat, if you observe them they will change state and not behave how you predicted. I own 0.10 bitcoin and have never sold any, so I'm just watching interestedly. |
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Maged
Legendary
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Activity: 1204
Merit: 1015
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April 15, 2013, 11:39:59 PM |
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says the expert with 9 posts....
The analysis is pretty accurate. |
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wopwop
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April 15, 2013, 11:41:08 PM |
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ppl starting to hate eachother on this board more and more as price goes down...
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 15, 2013, 11:42:54 PM |
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ppl starting to hate eachother on this board more and more as price goes down...
FUCK YOU, GOT MINE!  |
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jatajuta
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April 15, 2013, 11:44:46 PM |
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Yeah right, on 2011 everyone show this stupid chart and look at the prices now... yeah look at them! Sorry dude, that's the correct scale. And btw Im all fiat now but I do see a bullish trend for the long term. $30 is the new $2 now.  |
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wopwop
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April 15, 2013, 11:46:14 PM |
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Yeah right, on 2011 everyone show this stupid chart and look at the prices now... yeah look at them! Sorry dude, that's the correct scale. And btw Im all fiat now but I do see a bullish trend for the long term. $30 is the new $2 now. beautiful line bro |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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April 15, 2013, 11:46:51 PM |
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Yeah right, on 2011 everyone show this stupid chart and look at the prices now... yeah look at them! Sorry dude, that's the correct scale. And btw Im all fiat now but I do see a bullish trend for the long term. $30 is the new $2 now. I did make the same thing back in 11 when I was a noob. Just make that line a bit more vertical and you've got it. |
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