windjc
Legendary
 Offline
Activity: 2156
Merit: 1070
|
 |
December 08, 2013, 02:25:51 AM |
|
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attempt its always the same story just with a different price. I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles. Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now? We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship. Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it. We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many. Then we can find joy in going up again. Once its no longer expected. |
|
|
|
|
|
|
|
|
|
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
December 08, 2013, 02:26:42 AM |
|
 someone remind me, why does the picture ALWAYS look like this? Because it shows the bid depth in BTC not USD. |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 08, 2013, 02:26:54 AM |
|
So what could be the fundamental reason for this crash?
 |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 08, 2013, 02:27:59 AM |
|
someone remind me, why does the picture ALWAYS look like this? Because it shows the bid depth in BTC not USD. interesting. |
|
|
|
|
freebird
Sr. Member
Offline
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
|
|
December 08, 2013, 02:28:17 AM |
|
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attempt its always the same story just with a different price. I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles. Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now? We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship. Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it. We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many. Then we can find joy in going up again. Once its no longer expected. Yes. Consolidation in the $400-700 range for the next couple of months would be very healthy. And I suspect that's exactly what will happen (although I'm guessing the bottom is more like $500 instead of $400, but we'll see). |
|
|
|
|
|
octaft
|
|
December 08, 2013, 02:29:20 AM |
|
|
|
|
|
|
|
CryptStorm
|
|
December 08, 2013, 02:29:38 AM |
|
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attempt its always the same story just with a different price. I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles. Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now? We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship. Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it. We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many. Then we can find joy in going up again. Once its no longer expected. I don't want to dissuade anyone from any optimism, but I agree that some 'pain' is due. My thought is a long slow decline to 266ish (450, 333, idk), and then another period where everyone 'forgets' about xrp, and then 'we go boom' again! :-) |
|
|
|
|
|
CryptStorm
|
|
December 08, 2013, 02:32:54 AM |
|
OK bottle of wine #2
the future of bitcoin looks bright indeed!
Think I'll join you. Cheers.  yes yes yes! and some rope a dope (er smoke some dope) Cheers, Gents and Ladies. May there be 6 more parabolic spikes before we go mainstream! 6! 6, I tell ya! 6 more times, if we are fortunate, to rise like a phoenix and double, triple, or even get 10x on our capital. And, each time, requires only 1 trade! 1 trade, 6 times, and we will drink from the goblets in the Elysium Fields! |
|
|
|
|
|
|
|
humanitee
|
|
December 08, 2013, 02:36:23 AM |
|
A $3300 upside... LOL, what an idiot. |
|
|
|
|
|
accord01
|
|
December 08, 2013, 02:36:52 AM |
|
Does anyone know what the "renew loan" button means on bitfinex when you have an open loan?
|
|
|
|
|
|
octaft
|
|
December 08, 2013, 02:40:40 AM |
|
A $3300 upside... LOL, what an idiot. Last bubble he predicted like 600-900. |
|
|
|
|
|
humanitee
|
|
December 08, 2013, 02:42:46 AM |
|
Last bubble he predicted like 600-900.
Is he a contrarian indicator, always off by a factor of 3, or just always wrong?  |
|
|
|
|
|
octaft
|
|
December 08, 2013, 02:45:06 AM |
|
Last bubble he predicted like 600-900.
Is he a contrarian indicator, always off by a factor of 3, or just always wrong? I can tell you this much: that prediction, plus the "1000 cheap coins" sentiment, plus my buddy giving me a call a few days ago asking me if he should buy bitcoin (I told him hell no!), all had me looking for an exit for all the BTC I was willing to sell. |
|
|
|
|
|
CryptStorm
|
|
December 08, 2013, 02:48:35 AM |
|
Bwahahaha! I know, I know... fucking history lessons suck. I'm going to Bali for the winter, does that help? |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 08, 2013, 03:00:16 AM |
|
" long slow decline "
markets climb slowly and drop fast.
thats just how it works
their will never be a long slow decline.
|
|
|
|
|
ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
 |
December 08, 2013, 03:01:40 AM |
|
|
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
December 08, 2013, 03:02:50 AM |
|
" long slow decline "
markets climb slowly and drop fast.
thats just how it works
their will never be a long slow decline.
You don't remember 2 years ago? |
|
|
|
|
adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
|
|
December 08, 2013, 03:04:07 AM |
|
" long slow decline "
markets climb slowly and drop fast.
thats just how it works
their will never be a long slow decline.
You don't remember 2 years ago? oh ya 2 years ago bitcoin was a mature market. 2 years ago was a joke |
|
|
|
|
ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
|
|
December 08, 2013, 03:05:27 AM |
|
lol, continue to look for excuses.
|
|
|
|
|
|
Poll
