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edwardspitz
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June 09, 2014, 11:07:29 AM |
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Bedtime for me, now.
I just bought 10BTC, and maybe I will buy another 10 in the morning... or maybe later in the day... depending upon how I feel... At this point, I would rather see down, rather than up, but my 10BTC hedges in the event that prices go up while I am sleeping.
We'll give you a call if shit hits the fan, but so far it looks like we are recovering  I just saw that there is a new alarm feature on Bitcoinwisdom. That site is awesome. |
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MatTheCat
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June 09, 2014, 11:21:39 AM
Last edit: June 09, 2014, 11:40:07 AM by MatTheCat |
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We're now either in a consolidation phase after an impressive rise and before another leg up, or the mid-May rally ran out of steam and the market is in a state now that could be summarized as: "reluctant to accept that the only way is down". Depends on who you ask which answer you get.
With Bitcoin consolidation phases, the market nearly always 'fakes out' sending those with weak resolve in the opposite direction (I should know, I have been 'faked out' several times switching would-be Killer Trades around to losers at the very last minute in a bout of uncontrollable impulsive twitchiness). $64K question is: Was the fake out this morning (5am UTC) when there was some 2K BTC worth of action (lead and dominated by Stamp) that took price down to $640? Or was the fake out two days ago when we trundled over the resistance trend of the consolidation since $683? This is simply a mini-bear trap before the jump to $1k. At which the price will be sticky for the most of this year until a mega rally to $10k
I want your 'delusions' they seem pleasant please post here so i can 'copy $ paste them' with my 'tinfoil hat usb interface" thank you Searing +1 This fucking dullard's comments are not helpful to anyone contemplating the best course of action. Infact, they smell of bulltard 'hope' and being presently long on Bitcoin, that makes me nervous. |
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madmat
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Activity: 966
Merit: 1000
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June 09, 2014, 11:29:28 AM |
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Bedtime for me, now.
I just bought 10BTC, and maybe I will buy another 10 in the morning... or maybe later in the day... depending upon how I feel... At this point, I would rather see down, rather than up, but my 10BTC hedges in the event that prices go up while I am sleeping.
Each time I send some fiat to my favorite exchange, I can't wait more than 2 days before converting it to bitcoin. Always afraid of price skyrocketing before I buy. It seems I am not the only one. I found a solution, if the trend is bearish, I make a trailing order. |
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roslinpl
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Activity: 2212
Merit: 1199
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June 09, 2014, 11:52:09 AM |
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Volume is going a bit up. Perhaps due to Monday. Price is going a little down.
What are your predictions for this week? Will we hit $700?
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madmat
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Activity: 966
Merit: 1000
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June 09, 2014, 11:55:45 AM |
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Volume is going a bit up. Perhaps due to Monday. Price is going a little down.
What are your predictions for this week? Will we hit $700?
Consolidation during the whole month of June. And then price skyrockets to 5000$. |
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roslinpl
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Activity: 2212
Merit: 1199
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June 09, 2014, 12:00:18 PM |
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Volume is going a bit up. Perhaps due to Monday. Price is going a little down.
What are your predictions for this week? Will we hit $700?
Consolidation during the whole month of June. And then price skyrockets to 5000$. I hope you are right that would be great |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 12:01:03 PM |
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GreekGeek
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June 09, 2014, 12:01:30 PM |
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consolidation/sideways/boring is good
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madmat
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June 09, 2014, 12:08:13 PM |
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I hope you are right that would be great Too many people here are not patient enough to get rich. Just wait and hodl. |
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Parazyd
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June 09, 2014, 12:16:59 PM |
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Bah... I missed the opportunity to sell again. Could have bought 20 more BTC.
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gizmoh
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Activity: 1428
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June 09, 2014, 12:25:25 PM |
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I hope you are right that would be great Too many people here are not patient enough to get rich. Just wait and hodl. Bitcoin = The Ultimate Get Rich Quick Scheme.  |
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boumalo
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Activity: 1904
Merit: 1018
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June 09, 2014, 12:30:58 PM |
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Bah... I missed the opportunity to sell again. Could have bought 20 more BTC.
What do you mean? Price is still near the 3month ATH |
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Parazyd
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June 09, 2014, 12:32:02 PM |
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I hope you are right that would be great Too many people here are not patient enough to get rich. Just wait and hodl. Bitcoin = The Ultimate Get Rich Quick Scheme. This:  Bah... I missed the opportunity to sell again. Could have bought 20 more BTC.
What do you mean? Price is still near the 3month ATH Could have sold at 670. And buy back in today or last night. |
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roslinpl
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Activity: 2212
Merit: 1199
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June 09, 2014, 12:36:11 PM |
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Lol this is awesome I love this quote - it can posses different meanings in one time I believe when price of 1 btc will be so high - we will be able to pay everywhere via using BTC and btw. Volume on one of the polish btc exchanges went skyrocket just a half hour ago.. I am curious what it will bring pretty sure that price will ++ in next 2 hours. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 01:01:03 PM |
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shmadz
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Activity: 1512
Merit: 1000
@theshmadz
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June 09, 2014, 01:13:22 PM |
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we are still comfortably within the channel.
continue to sell the spikes and buy the dips.
until we break this somewhat random formation of lines I chose, that's what I'm doing.
Your bottom line is wrong. Connect the 3 bottom spikes. That's a much stronger line of support, and it's also much more bullish. here is the chart with the line you suggest.  only time will tell... *edited for brevity* The original channel is still holding strong. Until that upper or lower resistance gets taken out, I think the fireworks will be put on hold. Looks like it might be a cruel, cruel summer  |
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YogoH
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June 09, 2014, 01:45:44 PM |
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I hope you are right that would be great Too many people here are not patient enough to get rich. Just wait and hodl. Bitcoin = The Ultimate Get Rich Quick Scheme. Not that quick and it hard to hodl. Think about it, the people who bought coins for very cheap have some major balls to hold for this long. Many people sold when it went to 100 or even when they made a thousand bucks. When at any point it can go to 0. If you hold in this crazy market, you DESERVE the reward. |
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Parazyd
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June 09, 2014, 01:49:45 PM |
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I hope you are right that would be great Too many people here are not patient enough to get rich. Just wait and hodl. Bitcoin = The Ultimate Get Rich Quick Scheme. Not that quick and it hard to hodl. Think about it, the people who bought coins for very cheap have some major balls to hold for this long. Many people sold when it went to 100 or even when they made a thousand bucks. When at any point it can go to 0. If you hold in this crazy market, you DESERVE the reward. Posts like these make my day. Hodl forever! Too bad I sold 300+ BTC at 40, 100 and 200ish. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 09, 2014, 02:01:03 PM |
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Parazyd
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June 09, 2014, 02:08:39 PM |
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Perfect time for some choo choo! And I don't mean sex. Any hard-core daytraders here? |
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