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saveawedge
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June 01, 2013, 06:13:36 PM |
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There was likely going to be a big upward rally on the 25th, but the Libery Reserve incident killed it. I'm still not ruling out a large price movement in the short term.
and why do you think this/what is this based on? |
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Abandon
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June 01, 2013, 06:17:03 PM
Last edit: June 01, 2013, 06:35:24 PM by Abandon |
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There was likely going to be a big upward rally on the 25th, but the Libery Reserve incident killed it. I'm still not ruling out a large price movement in the short term.
and why do you think this/what is this based on? If a market is bias upward, and the price breaks support without crashing significantly, then that means it's likely to rebound strongly. Many bitcoin forecasters anticipated a large rally before the 25th, which was pushed down, and what's pushed down can hold a lot of unspent energy, like a coiled spring. |
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Frozenlock
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June 01, 2013, 06:19:53 PM |
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Meh... I would include the LR news as a non-event for the Bitcoin price.
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Abandon
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June 01, 2013, 06:29:24 PM |
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Meh... I would include the LR news as a non-event for the Bitcoin price.
I saw it as an innocuous event, but I belatedly realized that others wouldn't, and that it was a time to sell and buy back lower. And if others thought the same as I, and if they thought others would act on this same knowledge, then all the more reason to sell, and that would only contribute to the downward pressure. If a market is bias upward, and the price breaks support without crashing significantly, then that means it's likely to rebound strongly. Many bitcoin forecasters anticipated a large rally before the 25th, which was pushed down, and what's pushed down can hold a lot of unspent energy, like a coiled spring |
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marvinrouge
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June 01, 2013, 06:32:46 PM |
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There was likely going to be a big upward rally on the 25th, but the Libery Reserve incident killed it. I'm still not ruling out a large price movement in the short term.
and why do you think this/what is this based on? If a market is bias upward, and the price breaks support without crashing significantly, then that means it's likely to rebound strongly. Many bitcoin forecasters anticipated a large rally before the 25th, and what's pushed down can hold a lot of unspent momentum. Anyway the market is quiet since a while, everbody is waiting for the slightest move to buy or sell. With 1M wall on the bearish exit, if it holds there is no other choice but to be bullish  |
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pirateat4O
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June 01, 2013, 06:34:10 PM |
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Damnit you guys... you said to buy!  |
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old_engineer
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June 01, 2013, 06:34:24 PM |
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BTC is so boring now. It's been b/w 110 and 130 for a month! Given the huge risks associated w/ BTC trading I'd expect equally huge returns. Not really worth it to trade anymore.
Only 18% return in one month, woe is me!  But I know what you mean, it's easy to get hooked on 50-100% per month ROI. Bitcoin risks are a lot lower now than they were last year, with oodles of good news and publicity so far this year, so it does make sense that returns are now lower than they used to be. I figure if I can make 5-10% per month, it's worth my time and risk to keep playing in this market, independent of philosophical reasons to be involved in bitcoin economy. The buy and hold strategy may no longer be the best strategy, though. A 5-10% uptick or downtick could happen at basically anytime, and countering these big market moves is still more profitable than most other investments. |
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ChartBuddy
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June 01, 2013, 07:02:43 PM |
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ChartBuddy
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June 01, 2013, 08:02:40 PM |
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IG0BR0KE
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June 01, 2013, 08:34:42 PM |
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geezz i didn't know it will be so long, srsly 10k on 127 and nothing... let's go somewhere walzila |
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BitcoinAshley
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June 01, 2013, 08:41:41 PM |
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geezz i didn't know it will be so long, srsly 10k on 127 and nothing... let's go somewhere walzila Walzilla: "I got yo' back, bulls" Bears: (running around like crazy japanese people in original Godzilla movie) "WALZIRRA! WALZIRRA! AAAHHHHH!" |
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ChartBuddy
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June 01, 2013, 09:02:49 PM |
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bitcodo
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June 01, 2013, 09:19:12 PM |
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I don't know, but this is bitcoin. If it looks bullish, watch for your back.  |
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Arcas
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June 01, 2013, 09:23:48 PM |
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I don't know, but this is bitcoin. If it looks bullish, watch for your back. Bulls having sex, there might be a metaphor for this thread hidden in there. |
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KS
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June 01, 2013, 09:26:34 PM |
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I don't know, but this is bitcoin. If it looks bullish, watch for your back. Bulls having sex, there might be a metaphor for this thread hidden in there. watch out for mini bulls. |
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Odalv
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June 01, 2013, 09:31:34 PM |
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OMG OMG OMG
BUYING BACK NOW! this is exactly how NOT to trade... don't panic stick to the plan, if it goes way higher than you expected sell more :-) sell more |
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bitcodo
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June 01, 2013, 09:40:08 PM |
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this is exactly how NOT to trade...
don't panic stick to the plan, if it goes way higher than you expected sell more
:-) sell more I don't get it. If it goes way higher than you expected, you should be bitcoinless. |
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Odalv
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June 01, 2013, 09:48:05 PM |
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this is exactly how NOT to trade...
don't panic stick to the plan, if it goes way higher than you expected sell more
:-) sell more I don't get it. If it goes way higher than you expected, you should be bitcoinless. Just joke I did not sold. Sellers try to induce panic ... they wish buy in. |
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bitcodo
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June 01, 2013, 09:59:06 PM |
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Yes, a lot of weird people are buying now. You didn't sell? I did, and I'm from Slovenia. I didn't know that even more screwed up countries exist. Where are you from (some part of Balkan I guess or America)?
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