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phoenix1
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May 06, 2013, 10:01:54 PM |
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China to the rescue!
How does that saying go about ... something about bulls and china shops ... doesn't end well  |
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seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 06, 2013, 10:02:51 PM |
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We will visit sub $100 soon enough  Rampion sold  |
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SlipperySlope
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May 06, 2013, 10:03:34 PM |
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Given this stop at $106, could be a triangle developing centered on $108 ?
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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May 06, 2013, 10:04:04 PM |
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Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.
Exactly. I don't get it how keep act like it's a party when the price drops. It's bad. You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin? Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money. There is nothing good about seeing it crash over and over again. Really nothing. Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable. Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small. People buying bitcoins are also giving the capital required to build more infrastructure for it. And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin? Thanks. People complaining about the effects of speculation on, wait for it, the speculation forum. Seriously. Why are you being a smartass? I speculate too otherwise i wouldn't be here on this subforum. My speculation was that it's bad for Bitcoin to behave like this when the whole world is watching and it might scare investors away. For my other reply: I made an explanation to the guy quoting me. And for your knowledge, speculators help stabilize the price by buying at bottoms and selling at tops. Alright. I see you're being serious, and not trying to troll, so I'm getting out of smartass mode as well: what you describe ("speculators help stabilize the price by buying at bottoms and selling at tops.") is not speculation, at least not in any established sense of the word. You describe something that could perhaps be called semi-altruistic market participation. There can be no such thing in a (so far) tiny market like bitcoin: if we want to make it big, we have to play by the rules of a real market situation. And the only motive for trading in such a market is, well, self interest. (I'm not using the rather dumb "greed is good" meme here because in many cases, greed actually loses you money). Anyway, my point is pretty simple: you can be enthusiastic about bitcoin and wish for it to be adopted widely in the future and trade out of no other motive than maximizing your own profits. And in that case, riding every wave (up or down) that promises easy money is simply a given. |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1017
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May 06, 2013, 10:05:12 PM |
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Everybody is hoping for cheap coins but this is very bad for Bitcoin with the price moving like this. We'll see if the people in China that downloaded the client are willing to buy in a declining market.
Exactly. I don't get it how keep act like it's a party when the price drops. It's bad. You can buy a few coins 20 bucks cheaper. Really, that's worth potentially killing the coin? Don't you think you'll make more if we actually let this coin grow to 300 dollars and then slowly sell them if you're so desperate for money. There is nothing good about seeing it crash over and over again. Really nothing. Unfortunately the majority of the people in Bitcoin don't care about Bitcoin. They just want to make quick money. Preferably by sitting on the ass, holding coins and wait for others to make developments so they can become more valuable. Bitcoin isn't volatile because of speculators, it's volatile because there isn't enough financial instruments built to stabilize it AND because the market cap is still very, very, VERY small. People buying bitcoins are also giving the capital required to build more infrastructure for it. And personally, I accept bitcoins in my business since 2012. What are you doing for Bitcoin? Thanks. People complaining about the effects of speculation on, wait for it, the speculation forum. Seriously. Bitcoin is and it will always be volatile. |
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Awhut
Newbie
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Activity: 28
Merit: 0
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May 06, 2013, 10:06:31 PM |
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Given this stop at $106, could be a triangle developing centered on $108 ?
If so I say triangle is bear |
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ChartBuddy
Legendary
 Online
Activity: 1946
Merit: 1642
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 06, 2013, 10:07:03 PM |
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Apraksin
Sr. Member
Offline
Activity: 420
Merit: 251
Moon?
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May 06, 2013, 10:13:15 PM |
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If there's one day the money flow will temporarily reverse, tomorrow is that day. The only issue is we've sort of already rallied (from 80) up to where we should be tomorrow...
I got my money into Gox today, 4:28 GMT+1, so I would expect the rest of europe to have received there funds. |
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oroboras
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May 06, 2013, 10:17:16 PM |
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It seems this downward plunge is losing steam rapidly now. I doubt we will see the 106 wall threatened any time soon - unless someone with plenty of BTC wants to prove me wrong I expect 110 to be the new level ground for a while. Maybe it's worth buying in now. |
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Awhut
Newbie
Offline
Activity: 28
Merit: 0
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May 06, 2013, 10:19:24 PM |
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It seems this downward plunge is losing steam rapidly now. I doubt we will see the 106 wall threatened any time soon - unless someone with plenty of BTC wants to prove me wrong I expect 110 to be the new level ground for a while. Maybe it's worth buying in now. The only thing that's lost steam is this upswing |
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oroboras
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May 06, 2013, 10:20:36 PM |
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Well, i hope you are right, I have a buy order in just this side of the wall, and another just over 101 - and I'd like them both to go!
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Brushan
Member
Offline
Activity: 224
Merit: 10
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May 06, 2013, 10:26:46 PM |
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Looks like 110 is the new 90.
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MickeyT2008
Sr. Member
Offline
Activity: 350
Merit: 250
This account was recently hacked
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May 06, 2013, 10:29:15 PM |
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Can everyone drop their prices to 1¢ please? I haven't got all night, I need cheap bitcoins before bedtime if that's okay, thanks  |
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Frozenlock
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May 06, 2013, 10:39:33 PM |
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Ditto.
We want cheap coins! When do we want them? Now!
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samurai1200
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May 06, 2013, 10:40:58 PM |
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Short term pennant formed, ends with doji, lookin at 15m or 30m charts. (Continuation)
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MickeyT2008
Sr. Member
Offline
Activity: 350
Merit: 250
This account was recently hacked
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May 06, 2013, 10:51:55 PM |
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How far down will it go, or is it already there?
(I want to get lucky here, hence moving on from my thirteenth post on this forum)
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SAQ
Newbie
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Activity: 56
Merit: 0
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May 06, 2013, 10:52:47 PM |
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This is crazy. A mere whisper of a we are thinking about, possibly, maybe, considering regulating bitcoins sends a massive train wreck down to 106.
The speed with which those walls were eaten! I was thinking, 7k from 112 to 110, no way they getting below that. Well, it took 5 minutes.
Thankfully china came to the rescue though (lol). I thought 106 was going to fall without fight too, but it stood.
Now it seems there are no more sellers left. Back to upwards marching we go I think.
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Miz4r
Legendary
Offline
Activity: 1246
Merit: 1000
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May 06, 2013, 10:53:46 PM |
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Bid sum keeps falling, ask sum rising. Only one way to go it seems... where it stops? $90-95 seems to me the number you're looking for if you're eager to buy in. Lower if you have patience or want to get lucky. |
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wopwop
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May 06, 2013, 10:54:07 PM |
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This is crazy. A mere whisper of a we are thinking about, possibly, maybe, considering regulating bitcoins sends a massive train wreck down to 106.
The speed with which those walls were eaten! I was thinking, 7k from 112 to 110, no way they getting below that. Well, it took 5 minutes.
Thankfully china came to the rescue though (lol). I thought 106 was going to fall without fight too, but it stood.
Now it seems there are no more sellers left. Back to upwards marching we go I think.
Lol there are always sellers The ones that just bought |
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Frozenlock
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May 06, 2013, 10:54:44 PM |
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This is crazy. A mere whisper of a we are thinking about, possibly, maybe, considering regulating bitcoins sends a massive train wreck down to 106.
The speed with which those walls were eaten! I was thinking, 7k from 112 to 110, no way they getting below that. Well, it took 5 minutes.
Thankfully china came to the rescue though (lol). I thought 106 was going to fall without fight too, but it stood.
Now it seems there are no more sellers left. Back to upwards marching we go I think.
News are almost entirely irrelevant for the price. |
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