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damnek
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October 05, 2014, 11:18:38 AM |
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IMO if you're still out or short, it's silly to not give it a little shot right here. Not saying it can't go lower, but the upside potential here beats the downside. People are using bitcoin for payment, so there has to be a floor in the price. Moreover, at this rate you're getting exponentially more bitcoins for your short and there are only going to be so many left for sale.
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fonzie
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October 05, 2014, 11:18:56 AM |
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DEFINITION of 'Oversold' 1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling. 2. A situation in technical analysis where the price of an asset has fallen to such a degree - usually on high volume - that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors.    |
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redjedievolution
Legendary
 Offline
Activity: 1045
Merit: 1000
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October 05, 2014, 11:20:51 AM |
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I think pow coins are near to their end... this kind of waste of energy mining is obsolete... new coins with another alternative like POSV (reddcoin), where you can mine them only having coins in your wallet, using minimal amount of cpu usage are the future. Reddcoin is one of them. Buy reddcoins now with this BTC/low-levels is a very good entrance imho.  |
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ocminer
Legendary
Offline
Activity: 2758
Merit: 1245
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October 05, 2014, 11:23:42 AM |
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I think pow coins are near to their end... this kind of waste of energy mining is obsolete... new coins with another alternative like POSV (reddcoin), where you can mine them only having coins in your wallet, using minimal amount of cpu usage are the future. Reddcoin is one of them. Buy reddcoins now with this BTC/low-levels is a very good entrance imho. I smell a reddcoin bagholder here  ) |
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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October 05, 2014, 11:23:52 AM |
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...
DEFINITION of 'Oversold'
...
lol am I seeing the definition of a bag holder, fonzie? |
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redjedievolution
Legendary
Offline
Activity: 1045
Merit: 1000
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October 05, 2014, 11:24:38 AM |
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its just a tiny fraction of my total investment, only 80millions. Not a real bagholder, just evaluating different possibilites... Spread your investment to have success  I think pow coins are near to their end... this kind of waste of energy mining is obsolete... new coins with another alternative like POSV (reddcoin), where you can mine them only having coins in your wallet, using minimal amount of cpu usage are the future. Reddcoin is one of them. Buy reddcoins now with this BTC/low-levels is a very good entrance imho. I smell a reddcoin bagholder here ) |
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macsga
Legendary
Offline
Activity: 1484
Merit: 1002
Strange, yet attractive.
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October 05, 2014, 11:24:48 AM |
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I think pow coins are near to their end... this kind of waste of energy mining is obsolete... new coins with another alternative like POSV (reddcoin), where you can mine them only having coins in your wallet, using minimal amount of cpu usage are the future. Reddcoin is one of them. Buy reddcoins now with this BTC/low-levels is a very good entrance imho. Why not Ripple? It's backed up by the BANKS!!!!!1  |
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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October 05, 2014, 11:25:28 AM |
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DEFINITION of 'Oversold' 1. A condition in which the price of an underlying asset has fallen sharply, and to a level below which its true value resides. This condition is usually a result of market overreaction or panic selling. 2. A situation in technical analysis where the price of an asset has fallen to such a degree - usually on high volume - that an oscillator has reached a lower bound. This is generally interpreted as a sign that the price of the asset is becoming undervalued and may represent a buying opportunity for investors. +1 |
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spooderman
Legendary
Offline
Activity: 1708
Merit: 1047
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October 05, 2014, 11:25:33 AM |
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Yes I'd say we are oversold, but what do I know?
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nakaone
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October 05, 2014, 11:25:53 AM |
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today or tomorrow capitulation
finally
this slow dying sucked much more
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fonzie
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October 05, 2014, 11:26:05 AM |
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...
DEFINITION of 'Oversold'
...
lol am I seeing the definition of a bag holder, fonzie?  *cough cough* a bit of , i bought in huge with fresh money around ~330$. Still not convinced that we go to double digits.  |
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redjedievolution
Legendary
Offline
Activity: 1045
Merit: 1000
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October 05, 2014, 11:26:17 AM |
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thetruth123123
Member
Offline
Activity: 280
Merit: 10
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October 05, 2014, 11:27:40 AM |
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The next 24 hours are critical.
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bitcoinvest
Legendary
Offline
Activity: 1120
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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October 05, 2014, 11:28:22 AM |
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o yes!!!!! now just sell me your BTC low !!! |
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UnDerDoG81
Legendary
Offline
Activity: 2191
Merit: 1233
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October 05, 2014, 11:30:28 AM |
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Wow I was patient and was ignoring the price dump for the last 4-5 months but now  Is it the end? |
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edwardspitz
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October 05, 2014, 11:30:37 AM |
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I would not mind seeing a 8.000 BTC bid wall right around $311 (just so Finex is at the same level as Huobi). But I guess shorters want to panic close their shorts  |
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NotLambchop
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October 05, 2014, 11:31:08 AM |
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...
this slow dying sucked much more
Define "slow." |
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nioc
Legendary
Offline
Activity: 1624
Merit: 1008
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October 05, 2014, 11:31:35 AM |
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Wow I was patient and was ignoring the price dump for the last 4-5 months but now Is it the end? Yes we are at bottom |
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podyx
Legendary
Offline
Activity: 2338
Merit: 1035
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October 05, 2014, 11:31:36 AM |
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Wow I was patient and was ignoring the price dump for the last 4-5 months but now Is it the end? I am fearing it might be but i'm not selling |
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