ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2014, 11:00:25 AM |
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wachtwoord
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Activity: 2324
Merit: 1125
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July 10, 2014, 11:03:27 AM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? |
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jeezy
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Activity: 1237
Merit: 1010
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July 10, 2014, 11:15:43 AM |
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We will bubble tomorrow, July 24, September, January or maybe in March. It will happen when the market is ready. Until then buy and hold.
Confirmed. |
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dnaleor
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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July 10, 2014, 11:25:34 AM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? because that would mean the exponential trend is slowing down and I think we will see a slow downtrend for the next few months. We could revisit <400 USD again. I'm a swing trader with a portion of my stash so want to have a nice return  but again, I don't think this scenario will happen. I believe in the bullish one  |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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July 10, 2014, 11:32:30 AM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less. I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves... |
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inca
Legendary
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Activity: 1176
Merit: 1000
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July 10, 2014, 11:34:28 AM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves... Source? |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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July 10, 2014, 11:40:08 AM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves... Source? these are the public ones that everyone knows.... |
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inca
Legendary
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Activity: 1176
Merit: 1000
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July 10, 2014, 11:47:00 AM |
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Ha.
I guess the VC's are wrong and we won't be seeing you round here anymore?
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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July 10, 2014, 11:48:16 AM |
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Er, what? He bought some tickets to a classical concert. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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July 10, 2014, 11:49:30 AM |
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Er, what? He bought some tickets to a classical concert. hahah he bought Gold... |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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July 10, 2014, 11:50:23 AM |
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Er, what? He bought some tickets to a classical concert. hahah he bought Gold... Ah. That'll teach me not to do my research. |
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JorgeStolfi
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July 10, 2014, 11:52:24 AM |
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I just want to point out something, people who have access to critical information are selling and investing in other businesses
Source? Well, the Fortress investment group had invested a largish sum in bitcoins last year, but since it gave them a red stain in their quarterly report, they quietly exchanged them for shares of the company that manages the PBP fund. That company is going to make profit (from fees) no matter what happens to the price. The bitcoin-denominated funds are a way of offloading bitcoin hoards without actually selling them. The founders of SMBIT, for example, "seeded" it with a hoard of 17'800 BTC. Those coins were effectively sold to the people who bought the first 178'000 shares of SMBIT. Now, even if the price crashes, SecondMarket will make money, since the loss will be borne by the SMBIT clients. In fact, SecondMarket will make more profit if the price crashes. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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July 10, 2014, 11:53:22 AM |
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Ha.
I guess the VC's are wrong and we won't be seeing you round here anymore?
the VC's are wrong 80% of the time, remember that more than 80% of startups fails, and VC is just a strategic gambling game in which greed is the biggest factor. edit: and VC's didn't buy Bitcoin but invested in companies that deals with Bitcoin, so they are putting their votes on the idiots who will be buying and using these services. |
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dgarcia
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July 10, 2014, 11:59:01 AM |
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Is it the same as with your bullish outlook from the 800$ consolidation? I think a lot of your arguments for a lesser bullish outlook, denying this uber-trolling-bullish scenarios, are reasonable. But than... ...you start exaggerating. There will be always some fluctuation in investments. Someone switching to bitcoin or from bitcoin to another investment does not mean nothing. |
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medialab101
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July 10, 2014, 12:00:23 PM |
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If the log trend doesn't hold at least we still have linear.  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2014, 12:00:25 PM |
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ShroomsKit
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July 10, 2014, 12:09:08 PM |
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If the log trend doesn't hold at least we still have linear. Just keep adding lines till you find one that fits your view. |
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dgarcia
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July 10, 2014, 12:14:46 PM |
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If the log trend doesn't hold at least we still have linear. If the log trend doesn't hold at least we still have linear. This fucking non-issue trend line. As inflationary posted as 'The Anatomy of a Bubble". Therefore breaking it could be a (small) issue now |
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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July 10, 2014, 12:56:39 PM |
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What the hell it´s hapenning? All my money!
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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July 10, 2014, 12:57:57 PM |
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This little dump doesn't effect my current anlysis. We are still right on track:
(...)
short term, we see a downwards trending triangle. If we break to the UPSIDE, this will be very bullish and push us above the 654 USD fibonacci retracement:
(...) This is basically all i read here every day for the last 2 weeks. People dumping and not to worry because we will go up. It's starting to look silly. I truly hate to sound like Tera but i have to be realistic. For weeks all we see are people dumping. There is nothing bullish about this. Really nothing. The ask side is getting bigger by the day. I don't care about trend lines and past bubble behaviour. All i see is the current situation and nothing points to Bitcoin going up. Let alone another bubble. i'll revisit my position if we go break this triangle to the downside and sell a lot if we go below the next fibonacci retracement at 534 USD. But for now, I think it's just stupid to dump. Good news ahead (ETF, a lot of new companies in the bitcoin space and maybe ebay/paypal accepting bitcoin. I wouldn't be surpised if it happens in Q3!) Why the hell would you sell if we get below 534 USD considering all the good things you quote? it is called risk management, not everyone on this thread got in when Bitcoin was few dollars, some has paid $600-1100, others has lost most of their savings with gox, others still hold to a couple of Bitcoins, now try to convince these people about calming down if we go to $400 or less.
I just want to point out something, people who have access to critical information are selling and investing in other businesses, a person would think why the fuck would they sell and invest in a business that could return only %10 and not leave it in Bitcoin if the "bubble is close", they could make 10 times more, but the answer is simple, there will be no bubble, at least not any time soon, and they are doing their risk management moves... Source? these are the public ones that everyone knows.... Haha... good laugh  |
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