BBmodBB
Full Member
Offline
Activity: 154
Merit: 100
BTC = FREEDOM IS OUR ONLY HOPE!
|
|
August 12, 2014, 05:44:13 AM |
|
I'm not going to lie, at first I could care less but it's been a steady decline for a few weeks now and it has me a bit worried.
pigs get fed, hogs get slaughtered !!! ...i'm just sayin' ~ greed is the name of the game here imho
|
|
|
|
magicmexican
|
|
August 12, 2014, 05:46:09 AM |
|
Its rare to see such kind of action without any china bans.
|
|
|
|
Davyd05
|
|
August 12, 2014, 05:46:18 AM |
|
I'm not going to lie, at first I could care less but it's been a steady decline for a few weeks now and it has me a bit worried.
whats to fear, Tera told us what was up a long time ago. Long Grinding capitulation
|
|
|
|
BusyBeaverHP
|
|
August 12, 2014, 05:56:25 AM |
|
While some peeps are panicking, I'm anticipating cheap coins... why worry if the fundamentals haven't changed? In fact, the network scalability fundamentals have improved with Gavin's invertible bloom table proposal. Cheap coins means longer adoption phase, more people being able to buy them, and creating a bigger ecosystem in the long run than if we suddenly spike and crash... No wait... most people looking at the prices just want to get rich quick... carry on.
|
|
|
|
Whtwabbit
|
|
August 12, 2014, 05:59:08 AM |
|
Just like June 2013 ($65), it was going to collapse, but it didn't
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 12, 2014, 05:59:43 AM |
|
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
|
August 12, 2014, 06:11:22 AM |
|
If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440.
|
|
|
|
ShroomsKit
|
|
August 12, 2014, 06:14:24 AM |
|
While some peeps are panicking, I'm anticipating cheap coins... why worry if the fundamentals haven't changed? In fact, the network scalability fundamentals have improved with Gavin's invertible bloom table proposal. Cheap coins means longer adoption phase, more people being able to buy them, and creating a bigger ecosystem in the long run than if we suddenly spike and crash... No wait... most people looking at the prices just want to get rich quick... carry on. People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid. Bitcoin going down simply isn't good. No matter what excuse you guys come up with.
|
|
|
|
inca
Legendary
Offline
Activity: 1176
Merit: 1000
|
|
August 12, 2014, 06:15:00 AM |
|
If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440. So you sold. The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet. What was that advice previously off posted here: if in doubt, hold!
|
|
|
|
scarsbergholden
|
|
August 12, 2014, 06:18:39 AM |
|
Bouncy bouncy.
Unfortunately, this bounce is significantly less bullish looking than the last bounce of 56x levels. Last time, it was a fluid, round bounce on RSI, MACD and OBV. This time, significant struggle and chewing up momentum for minimal gain. Looks like a dead cat bounce to 580 or so then test of 550 levels IMO.
|
|
|
|
keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
|
|
August 12, 2014, 06:20:18 AM |
|
Relatively ugly day for BTC and most alts today
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
|
August 12, 2014, 06:22:16 AM |
|
Um, it only looks bad if you're looking at a really small timeframe?
Overall trend is buy the *** out of it now...go long. $12,000 peak next
Longer the price goes sideways the bigger the peak will be? Have some heart!
It is strange to find my self in such emphatic agreement with a person known to me by an image of Saddam Hussein. But even more bizarre it is to read some who consider the possibility of a 20% drawdown on the road to a 20x spike to be grounds to sell all. Good luck timing that. Hope you can find the liquidity, caught in the traffic jam on both legs of the trip. I can see underweighting a share perhaps but the risk of dumping entire would be severe - greed gone to hubris.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
|
August 12, 2014, 06:24:48 AM |
|
If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440. So you sold. The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet. What was that advice previously off posted here: if in doubt, hold! Actually no, I bought some. Monkey says if it breaks down the turn is likely at 440. But monkey doesn't see a break down yet.
|
|
|
|
scarsbergholden
|
|
August 12, 2014, 06:26:43 AM |
|
If we go below the 560 for any significative ammount of time, according to the 12 hours graph, we will go down and I don't know were are we expected to stop - maybe somewhere in the 400's?.
Monkey puts that number at 440. So you sold. The price is so far down a grand total of 18 dollars with the same number of coins on stamp to run up to over 600 as 540. We haven't even breached any made up technicals yet. What was that advice previously off posted here: if in doubt, hold! Actually no, I bought some. Monkey says if it breaks down the turn is likely at 440. But monkey doesn't see a break down yet. A break of what level might do it for you? I am watching closely at 540-550 area. If that fails, I think we will see 400s again. Still not too much momentum downward, but that can change in an instant.....
|
|
|
|
sidhujag
Legendary
Offline
Activity: 2044
Merit: 1005
|
|
August 12, 2014, 06:28:57 AM |
|
Ltc is the only reason its falling.. btc is bullish looking at ltc.
Ltc needs to hit target first then all is good again.
|
|
|
|
aminorex
Legendary
Offline
Activity: 1596
Merit: 1030
Sine secretum non libertas
|
|
August 12, 2014, 06:32:54 AM |
|
A break of what level might do it for you? I am watching closely at 540-550 area. If that fails, I think we will see 400s again. Still not too much momentum downward, but that can change in an instant.....
That would be telling. Then someone could hunt my stops. Besides which, it ain't gonna happen anyhow so it is moot.
|
|
|
|
ChartBuddy
Legendary
Online
Activity: 2324
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
|
|
August 12, 2014, 06:59:43 AM |
|
|
|
|
|
fonsie
|
|
August 12, 2014, 07:07:08 AM |
|
While some peeps are panicking, I'm anticipating cheap coins... why worry if the fundamentals haven't changed? In fact, the network scalability fundamentals have improved with Gavin's invertible bloom table proposal. Cheap coins means longer adoption phase, more people being able to buy them, and creating a bigger ecosystem in the long run than if we suddenly spike and crash... No wait... most people looking at the prices just want to get rich quick... carry on. People can buy 100 dollar worth in Bitcoin now or when it's 10.000. So your point is invalid. Bitcoin going down simply isn't good. No matter what excuse you guys come up with. The amount of bullshit coming out of your mouth, is just, WOW Did you really expect to be set for life, by buying 1BTC last week???
|
|
|
|
scarsbergholden
|
|
August 12, 2014, 07:18:20 AM |
|
Bitcoin going down simply isn't good. No matter what excuse you guys come up with.
I think if we could push below 500, we'd have a nice oversold shakeout capable of rallying hard. These bottom fishing attempts almost feel like staving off the inevitable, but I could certainly be wrong....
|
|
|
|
Threebits
Member
Offline
Activity: 75
Merit: 10
|
|
August 12, 2014, 07:19:07 AM |
|
Buying a little bit to lower average.
Wondering why people expect btc to rise to usd10k? for what reason they believe in this?
|
|
|
|
|