ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2013, 08:02:45 PM |
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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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samson
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Activity: 2097
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May 21, 2013, 08:06:17 PM |
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The Ask Wall is getting higher and higher on bitstamp today !  Yeah it is! Really interesting. Why so many offers to sell above the current price? Scare tactic or real? And yet it is stable. I believe they call this stage 'denial' |
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Frozenlock
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May 21, 2013, 08:19:25 PM |
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I believe they call this stage 'denial'
A friendly reminder from a 2011 survivor.  |
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Abandon
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May 21, 2013, 08:46:09 PM
Last edit: May 21, 2013, 08:57:21 PM by Abandon |
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I believe they call this stage 'denial'
A friendly reminder from a 2011 survivor. It obviously broke a very strong support a while before it started to crash- and in what looks like a downward trend. Lower highs, and only slightly higher lows- people wanting to cut their losses at near the same price where they bought, when they had thought it was going to finally go up the first time. This kind of repeating pattern eventually loses steam and it crashes before recovering. |
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Frozenlock
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May 21, 2013, 08:54:09 PM |
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It obviously broke a very strong support a while before it started to crash
So did we.  Just stay on your toes, that's all I'm saying. |
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niothor
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May 21, 2013, 08:58:48 PM |
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I believe they call this stage 'denial'
A friendly reminder from a 2011 survivor. There is a bit more to the story , right? The spike before that led to this... but I would be labeled a bear if I bring that up.  |
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Abandon
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May 21, 2013, 09:00:19 PM |
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It obviously broke a very strong support a while before it started to crash
So did we. Just stay on your toes, that's all I'm saying. Bubbles are an exception; for any excess rise, there has to be an excess fall, before it will pick up the underlying trend again. From the way I see it, it's doing very well, higher lows, higher highs. |
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TheKoziTwo
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May 21, 2013, 09:00:37 PM |
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Just stay on your toes, that's all I'm saying.
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Le Happy Merchant
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May 21, 2013, 09:02:41 PM |
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A friendly reminder from a 2011 survivor.
Graph
Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward. |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2013, 09:02:51 PM |
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Frozenlock
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May 21, 2013, 09:05:37 PM |
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Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
The $30 price peak revealed Bitcoin to the world. It was unthinkable that the price would go down when so many people had been exposed to this world changing invention. |
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Abandon
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May 21, 2013, 09:08:19 PM |
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Fair warning, but there wasn't so much good news back then, and that stability had a slight downward trend, while this one is slightly upward.
The $30 price peak revealed Bitcoin to the world. It was unthinkable that the price would go down when so many people had been exposed to this world changing invention. Clearly someone did, or they wouldn't have sold. |
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Frozenlock
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May 21, 2013, 09:09:23 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. |
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TheKoziTwo
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May 21, 2013, 09:11:29 PM |
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It's different this time™
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Coinseeker
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May 21, 2013, 09:11:57 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. So what's your prediction? |
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Abandon
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May 21, 2013, 09:13:07 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish. |
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Frozenlock
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May 21, 2013, 09:15:30 PM
Last edit: May 21, 2013, 09:48:26 PM by Frozenlock |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. So what's your prediction? I don't have one. I just don't think this overly bullish ambiance is a good thing. Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011. |
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niothor
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May 21, 2013, 09:23:01 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish. This is want you think it will happen , or what you WANT to happen ? |
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fitty
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May 21, 2013, 09:23:50 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. So what's your prediction? I don't have one. I just don't think this overly bullish ambiance is a good thing. Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011. The bigger difference in the fact you'll buy back in when it bottoms out, which was contrary to what most people did in 2011.  |
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Abandon
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May 21, 2013, 09:34:33 PM
Last edit: May 21, 2013, 09:52:42 PM by Abandon |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish. This is want you think it will happen , or what you WANT to happen ? Both, but the market doesn't care what I want. So I go with what I think will happen, if what I want and what I think both happen to coincide, so be it. Some notes: The bitcoin loans are getting increasingly more expensive on Bitfinex. The buy wall at $121 is very strong, because that's the lowest it will go in this consolidating triangle. Not much of a sell wall between $123-124, which is about where the resistance is right now. Lots of positive/neutral news recently. |
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