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ManBearPig
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May 12, 2013, 11:14:21 PM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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solex
Legendary
 Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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May 12, 2013, 11:19:54 PM |
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It's called a descending triangle. I don't think this is anything but noise, though.
Yes. That spike on May 10 now looks like it was purely technical. All the TA traders looking for a breakout, but the fundamentals hadn't changed to support it. Fair price at $115 until more news and major investment. |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 12, 2013, 11:29:03 PM |
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$1M usd disappeared today from the order book. We may see cheap coins soon  The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking? All I know is that the $1m that was removed was at under $50 USD. Could have removed it to wait and put it back in higher. Or to spike the price with a market order. |
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 12, 2013, 11:53:26 PM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. And what happens if we do tank? |
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Frozenlock
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May 12, 2013, 11:56:28 PM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. And what happens if we do tank? Cheap coins? |
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samson
Legendary
Offline
Activity: 2097
Merit: 1068
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May 12, 2013, 11:57:07 PM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. And what happens if we do tank? The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation. It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down. |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2013, 12:02:49 AM |
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BitcoinAshley
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May 13, 2013, 12:05:02 AM |
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$1M usd disappeared today from the order book.
The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking? All I know is that the $1m that was removed was at under $50 USD. Could have removed it to wait and put it back in higher. Or to spike the price with a market order. Or to spike the price with a market order, wait till it peaks, then send it crashing back down with another market order, hoping it overshoots $115. Someone's trying to get $105 coins |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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May 13, 2013, 12:14:20 AM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. And what happens if we do tank? The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation. It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down. Fuck calling a bottom, buy every x% down. If you want to get a better price and trust there will be a lot more downward movement, increase the order size at each level. |
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 13, 2013, 12:23:34 AM |
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It can last weeks.
That's not very long in the grand scheme of things. I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good. And what happens if we do tank? Cheap coins? Cheap coins |
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BitPirate
Full Member
Offline
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 13, 2013, 12:37:52 AM |
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$1M usd disappeared today from the order book. We may see cheap coins soon We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years? ^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them. |
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Frozenlock
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May 13, 2013, 12:47:33 AM |
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$1M usd disappeared today from the order book. We may see cheap coins soon We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years? ^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them. If 2011 did teach us something, it's there's always cheaper coins.  |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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May 13, 2013, 12:56:32 AM |
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Most people here are new and don't remember.  |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2013, 01:03:14 AM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 13, 2013, 01:06:23 AM |
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Most people here are new and don't remember. 2011 was Crazy Awesome the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!  |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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May 13, 2013, 01:13:41 AM |
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Most people here are new and don't remember. 2011 was Crazy Awesome the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic! I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2! |
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01BTC10
VIP
Hero Member
Offline
Activity: 756
Merit: 503
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May 13, 2013, 01:21:48 AM |
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Most people here are new and don't remember. 2011 was Crazy Awesome the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic! I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2! Price went this low because market confidence was mediocre. |
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Piper67
Legendary
Offline
Activity: 1106
Merit: 1001
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May 13, 2013, 01:26:37 AM |
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$1M usd disappeared today from the order book. We may see cheap coins soon We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years? ^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them. If 2011 did teach us something, it's there's always cheaper coins. Nonsense. If 2011 taught us anything is that there's a window for cheaper coins, and if you miss it, you've missed it. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 13, 2013, 01:28:26 AM |
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Most people here are new and don't remember. 2011 was Crazy Awesome the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic! I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2! Price went this low because market confidence was mediocre. confidence was shot! but at 1$ the Speculation forum, ecstatic!and proudhon was still saying sell  lol |
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ChartBuddy
Legendary
Offline
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 13, 2013, 02:03:22 AM |
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Poll
