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MatTheCat
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January 21, 2014, 04:33:43 PM |
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The crash already happened, have you forgot December?
Bear market ends after Bitcoin has well undershot the 200 day EMA and has started to move back above it. We are sill well above the 200 EMA. Infact, it would take a 60% drop in price to hit it as things currently stand, but if the last two Bitcoin crashes and post crash correction periods are anything to go by, hit it and indeed undershoot it we most certainly will. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 21, 2014, 04:57:11 PM |
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The crash already happened, have you forgot December?
Bear market ends after Bitcoin has well undershot the 200 day EMA and has started to move back above it. We are sill well above the 200 EMA. Infact, it would take a 60% drop in price to hit it as things currently stand, but if the last two Bitcoin crashes and post crash correction periods are anything to go by, hit it and indeed undershoot it we most certainly will. Bear market ends when i say so, none of this TA crap matters, thats the bottom line. |
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MatTheCat
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January 21, 2014, 05:00:19 PM |
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Bear market ends when i say so, none of this TA crap matters, thats the bottom line.
But it is not up to you, otherwise it would have been done and dusted back in December, and we would have broken through $1160 resistance and be at all time highs. But we aren't, are we? P.S. My leveraged short is looking better and better....I should really get more BTC over to Bitfinex, convert to USD and go all in here......but I won't of course, can never be completely certain, can we. |
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fluidjax
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January 21, 2014, 05:00:33 PM |
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The crash already happened, have you forgot December?
Bear market ends after Bitcoin has well undershot the 200 day EMA and has started to move back above it. We are sill well above the 200 EMA. Infact, it would take a 60% drop in price to hit it as things currently stand, but if the last two Bitcoin crashes and post crash correction periods are anything to go by, hit it and indeed undershoot it we most certainly will. Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended. |
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pickaname
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January 21, 2014, 05:02:11 PM |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 21, 2014, 05:02:35 PM |
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600watt
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January 21, 2014, 05:06:18 PM |
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wow, one can gamble now with bitcoin  imagine a november style event, while in vegas. one could lose all the time time and still end up with more money than to begin with  |
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MatTheCat
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January 21, 2014, 05:06:34 PM |
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Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended.
Eh? What charts are you looking at!? The ones I am looking at show both July 2013 and also October 2013 (Silk Road take down) as being points when daily 200 EMA was undershot, with the July 2013 200 EMA breaking signalling the end of post April crash correction period and the October 2013 incident being a freak panic event. |
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hmmmstrange
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January 21, 2014, 05:09:40 PM |
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Bear market ends when i say so, none of this TA crap matters, thats the bottom line.
But it is not up to you, otherwise it would have been done and dusted back in December, and we would have broken through $1160 resistance and be at all time highs. But we aren't, are we? P.S. My leveraged short is looking better and better....I should really get more BTC over to Bitfinex, convert to USD and go all in here......but I won't of course, can never be completely certain, can we. Why are you paying interest to borrow btc when you have btc you could just sell? |
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fluidjax
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January 21, 2014, 05:17:00 PM |
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Bitcoin has gone below the 200EMA once since October 2010, that was for 1 week in July 2013. I can see why you might think this is an indicator for the end of a bear market, however what about the previous bubble, in 2012, the 200EMA was not breached at all, and that Bear market has clearly ended.
Eh? What charts are you looking at!? The ones I am looking at show both July 2013 and also October 2013 (Silk Road take down) as being points when daily 200 EMA was undershot, with the July 2013 200 EMA breaking signalling the end of post April crash correction period and the October 2013 incident being a freak panic event. I was using EMA (Are you using MA?)... but no matter, I agree it works for the 2013 crash, but not the 2012 one, It might be indicative of the end of a bear market, but it certainly isn't a requirement for one to end. |
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notme
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January 21, 2014, 05:18:03 PM |
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1. Nobody takes this thread seriously
2. Does complaining about "dog manure" and "rotten dog money" make for higher quality posts, or just more noise?
This thread should be renamed "Bitcointalk Troll House - also sometimes Wall Observing". I wonder how many older potential investors get scared away by our troll generation. I'm a regular reader since about June last year and it's an acquired skill to mentally filter through the last few pages each day. I immediately filter out the charts edited in paint, memes, trains, bottoms (brief pause tho), nested replies from yesterday's drivel, new drivel. What remains is the odd gem of insightful advice which is generally worth effort. (not much effort, maybe a minute per page) In reply to point 1 though.... this is an internet forum and nothing should be taken seriously. As I stated above the circus does have it's uses though  Exactly, this is a "brainstorming" thread. You have to have lots of ideas in order to have a good idea. As the idea was originally conceived ( http://en.wikipedia.org/wiki/Brainstorming), brainstorming has two principles: 1. Defer judgment, 2. Reach for quantity At least for me, Dogecoin discussion has brought up some interesting psychological questions that also apply to Bitcoin to some extent. It is as topic that is at least as insightful as CCMF!, double bottom, and "to the moon!" posts. |
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MatTheCat
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January 21, 2014, 05:25:54 PM |
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Why are you paying interest to borrow btc when you have btc you could just sell?
It is a question of allocation of funds. I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions..... .....I only learned that there was an exchange offering this service just recently. It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side. |
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billyjoeallen
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Hide your women
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January 21, 2014, 05:29:50 PM |
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Why are you paying interest to borrow btc when you have btc you could just sell?
It is a question of allocation of funds. I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions..... .....I only learned that there was an exchange offering this service just recently. It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side. totally convinced, eh? Can I quote you on that later? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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January 21, 2014, 05:30:22 PM |
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Why are you paying interest to borrow btc when you have btc you could just sell?
It is a question of allocation of funds. I don't own any BTC at the moment. Infact I owe 18 BTC. What I have are funds spread across two exchanges; Bitstamp, my main exchange and also Bitfinex which allow for market corroding parasite rat antics such as leveraged speculation. To get funds onto Bitfinex, I buy Bitcoin on Bitstamp, and send it over to Bitfinex where I change into USD to provide liquidity for my short positions..... .....I only learned that there was an exchange offering this service just recently. It is not that often I am certain about which way Bitcoin is going to move but right now I am pretty fkn certain that shorting is best course of action over next day or three....might not be a whole lot in it (i.e. another rebound at $760-$770 level), but I am totally convinced that if there are any speculative gains to be made in the immediate future in Bitcoin, it is on the short side. did you not see the memo?  I really hope you are able to cover with some profits, I have also taken a defensive position, in these uncertain times... |
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JimboToronto
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You're never too old to think young.
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January 21, 2014, 05:36:32 PM |
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Shouldn't this be in Proudhon's FUD thread? |
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MatTheCat
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January 21, 2014, 05:36:46 PM |
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totally convinced, eh? Can I quote you on that later?
U may. If I am wrong, then I will be much concerned about the squeeze on my capital than pride in my forum identity persona. |
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dgarcia
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January 21, 2014, 05:38:10 PM |
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Confirmed bad news! But not in chinese language, and no chinese sources. So cataclysm may delay a bit. Anyway, shotred with higher margin, and bought more Dogecoin. |
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aminorex
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Sine secretum non libertas
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January 21, 2014, 05:38:21 PM |
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In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.
I STILL have not met a single cab driver who knew what bitcoin was.
So growth. Much runway. Wow.
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EatonABooger
Member
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Activity: 151
Merit: 36
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January 21, 2014, 05:47:38 PM |
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In NYC bitcoin was on the front page of the Times last week, front page of the Metro today.
I STILL have not met a single cab driver who knew what bitcoin was.
So growth. Much runway. Wow.
I agree, the runway is being paved (a very nice wide/smooth runway) not sure if someone already mentioned it but Bitcoin was mentioned in two huge TV shows last week or so. 1. the blacklist 2. person of interest |
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