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Wandererfromthenorth
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August 18, 2014, 08:18:34 PM |
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There is no end guys, this seems to be a new bear market  Get out while you can and return in a few months to buy dirt cheap |
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Wandererfromthenorth
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August 18, 2014, 08:20:33 PM |
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new lows incoming? better cut your losses and profit from this.
sell sell sell!
Adam, long term I'm bullish on BTC too, but for now the buying has completely stopped compared to the selling pressure, i mean continuously low volume dumpings (the worst thing that can happen)? this is a serious downtrend. BTC will not die, of this i'm pretty sure, but still, why holding if this whole thing is becoming overwhelmingly bearish? |
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GreekGeek
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August 18, 2014, 08:20:57 PM |
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There is no end guys, this seems to be a new bear market Get out while you can and return in a few months to buy dirt cheap Do you think we will visit the 3-5 $ range so I can buy my old stash of coins back ?  |
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fonzie
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August 18, 2014, 08:23:03 PM |
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There is no end guys, this seems to be a new bear market Get out while you can and return in a few months to buy dirt cheap Do you think we will visit the 3-5 $ range so I can buy my old stash of coins back ? If we all could agree to set no buy orders above 10$. Deal? |
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empowering
Legendary
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Activity: 1092
Merit: 1442
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August 18, 2014, 08:27:13 PM |
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but there are a 156 corners up the 4301 meters to the top ; ) Take a look at what a fast ride up pikes peak looks like 
http://youtu.be/M6YKqaf4Ao4 |
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bassclef
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August 18, 2014, 08:29:55 PM |
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Ugh, dump after dump. If it is the Ethereum guys doing this you'd think they would at least spread it out over a longer period of time to get more fiat.
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Torque
Legendary
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Activity: 3822
Merit: 5504
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August 18, 2014, 08:31:29 PM |
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new lows incoming? better cut your losses and profit from this.
sell sell sell!
Adam, long term I'm bullish on BTC too, but for now the buying has completely stopped compared to the selling pressure, i mean continuously low volume dumpings (the worst thing that can happen)? this is a serious downtrend. BTC will not die, of this i'm pretty sure, but still, why holding if this whole thing is becoming overwhelmingly bearish? It's because in the whales' quest for margin call hunting (first Bitfinex, then BTC-e), they have effectively killed the market, killed off all confidence in it now. No sharp bounce from a local bottom like they expected, no strong support signal like we had in April. Completely reversing all the upward progress and momentum from mid- May. People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now? Looking at the charts, it looks a lot like 2011. |
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Wandererfromthenorth
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August 18, 2014, 08:34:14 PM |
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Anyway, be really careful of a possible double bottom at the same price both at bitstamp and Bitfinex at $442 when we will get there. Trade accordingly to what happens then, if we bounce or we go through (ouch). If it's a double bottom might be a good rebound (whether real or just a bull trap).
Will be a little moment of truth right there.
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akujin
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August 18, 2014, 08:34:59 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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August 18, 2014, 08:35:35 PM |
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Anyway, be really careful of a possible double bottom at the same price both at bitstamp and Bitfinex at $442 when we will get there. Trade accordingly to what happens then, if we bounce or we go through (ouch). If it's a double bottom might be a good rebound (whether real or just a bull trap).
Will be a little moment of truth right there.
be very careful it could go up b4 it crashes to the gorund. seems thats not happening its just crashing chain heads lower. the world gringes, let there be panic! |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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August 18, 2014, 08:38:19 PM |
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this really sucks man
wtf is this BS...
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N12
Donator
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Activity: 1610
Merit: 1011
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August 18, 2014, 08:38:54 PM |
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this really sucks man
wtf is this BS...
Manipulation Sheep Idiot sellers China  |
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Chuckee
Member
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Activity: 70
Merit: 10
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August 18, 2014, 08:40:47 PM |
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You've got to wonder at this point who would be crazy enough to keep holding bitcoin. All signs point to a further cascade in price... to be holding right now you either need to be
A) delusional
B) Have no appreciation for the value of money
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molecular
Donator
Legendary
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Activity: 2800
Merit: 1023
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August 18, 2014, 08:41:37 PM |
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There is no end guys, this seems to be a new bear market Get out while you can and return in a few months to buy dirt cheap <mandatory Warren Buffet quote/> |
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Sandia
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August 18, 2014, 08:43:05 PM |
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It's because in the whales' quest for margin call hunting (first Bitfinex, then BTC-e), they have effectively killed the market, killed off all confidence in it now. No sharp bounce from a local bottom like they expected, no strong support signal like we had in April. Completely reversing all the upward progress and momentum from mid- May.
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
Looking at the charts, it looks a lot like 2011.
Post of the day. Mt. Gox is also part of the problem. Most people are unwilling to leave fiat on an exchange, so there is a 4 business day lag before new buying can start. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1038
Trusted Bitcoiner
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August 18, 2014, 08:44:23 PM |
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when all cower in fear  WE REMAIN! |
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justusranvier
Legendary
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Activity: 1400
Merit: 1014
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August 18, 2014, 08:46:08 PM |
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this catastrophic price movement (i am losing a fortune) The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago. What are you doing so wrong that you're losing a fortune under these circumstances? |
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bassclef
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August 18, 2014, 08:47:05 PM |
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People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
It works both ways. At some point there will be nobody left to sell and plenty of buyers waiting with forks and knives. That's when it reverses. |
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Torque
Legendary
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Activity: 3822
Merit: 5504
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August 18, 2014, 08:48:19 PM |
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this catastrophic price movement (i am losing a fortune) The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago. What are you doing so wrong that you're losing a fortune under these circumstances? I'm sure he means something like "investing since January 2014". Under those circumstances, yes he would be losing a fortune. |
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