rpietila
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April 17, 2013, 08:04:16 AM |
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I think the worst is behind us. The market has tried to break through the $50 support twice and failed, this gives confidence and makes speculators afraid to try that a third time and fail again. We're going up again with a slowly rising support level is my opinion.
We have tried it 4 times now: - During the time Mt.Gox was closed for 12 hours, in Bitstamp and other exchanges - Immediately after Mt.Gox was opened, in MtGox - About 12 hours after it was opened, in MtGox - Yesterday, in MtGox It is starting to feel strong.. Maybe it will fall next ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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oakpacific
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April 17, 2013, 08:09:50 AM |
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I think the worst is behind us. The market has tried to break through the $50 support twice and failed, this gives confidence and makes speculators afraid to try that a third time and fail again. We're going up again with a slowly rising support level is my opinion.
I am fairly sure we will only go up when the bears have completely blown their wads and got nothing more to burn.
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nwbitcoin
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April 17, 2013, 08:34:29 AM |
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If this bubble took a month to peak ( and it took longer than that) doesn't it stand to reason that it will take at least a month to get back to some kind of stability? People are pointing to $50 because its a nice round number, I think it will drop to where we were at the beginning of March because we all know MTGox is broken, and that does cause more doubt than you can make a graph with! ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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*Image Removed* I use Localbitcoins to sell bitcoins for GBP by bank transfer!
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Brushan
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April 17, 2013, 08:38:58 AM |
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Looks to me like it's stabilizing.
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zoolander
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April 17, 2013, 08:59:43 AM |
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I feel a change in the wind, but I have to say I'm still very dubious that things have shaken out this quickly. I'm still bearish overall. That said, I didn't expect my buy orders that were just above $50 to kick till the end of the week if this was a long slide down - so could this really be a big correction rather than a crash? If $50 was the bottom then I'll be a bit gutted that I didn't buy more (I was expecting $40 or lower). Stating the obvious I think we can expect more volatility either way. Hold on to your hats. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Brushan
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April 17, 2013, 09:10:55 AM |
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39K BTC Bid wall at 70$ and it's rising. Looks like all the sellers are getting back in the game.
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Dr3AM$cAp3
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April 17, 2013, 09:12:09 AM Last edit: April 18, 2013, 07:20:02 AM by Dr3AM$cAp3 |
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Speculating....keeps you up at night. ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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New to the game, too much to learn. Smiley OD, sarcasm implied.
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just1nmc
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April 17, 2013, 09:12:35 AM |
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39K BTC Bid wall at 70$ and it's rising. Looks like all the sellers are getting back in the game.
I agree ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FcP2QluK.png&t=664&c=54vffHcB-ENBKQ)
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BitPirate
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April 17, 2013, 09:31:39 AM |
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I feel a change in the wind, but I have to say I'm still very dubious that things have shaken out this quickly. I'm still bearish overall. That said, I didn't expect my buy orders that were just above $50 to kick till the end of the week if this was a long slide down - so could this really be a big correction rather than a crash? If $50 was the bottom then I'll be a bit gutted that I didn't buy more (I was expecting $40 or lower). Stating the obvious I think we can expect more volatility either way. Hold on to your hats. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) If BTC/USD can double and then crash to half in a day, it can bottom and stabilise in a week -- and that is what it appears to be doing.
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zakoliverz
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April 17, 2013, 09:41:32 AM |
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Crash is over, correction will continue...
Thank you so much for your information.
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xorglub
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April 17, 2013, 09:47:38 AM |
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Nope, it's crashing upwards now ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif)
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arepo
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this statement is false
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April 17, 2013, 09:54:11 AM |
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Nope, it's crashing upwards now ![Undecided](https://bitcointalk.org/Smileys/default/undecided.gif) it's hilarious how perfectly sentiment lags price. when everyone was all doom and gloom, this rally was born. now that everyone's on board, it's topping. short term top at $8x.xx selling pressure, ON!
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this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period. 18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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jubalix
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April 17, 2013, 02:07:21 PM |
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I think the worst is behind us. The market has tried to break through the $50 support twice and failed, this gives confidence and makes speculators afraid to try that a third time and fail again. We're going up again with a slowly rising support level is my opinion.
I am fairly sure we will only go up when the bears have completely blown their wads and got nothing more to burn. hahah really made me laugh glad i wasn't drinking a hot coffee
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annette786
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April 18, 2013, 12:17:02 AM |
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I don't know if it's over, but I do know that I've never trading something so resilient as BTC. All those little crashes on they way to 260 were blips after a few days.
It's because there are no shorts. Everyone that is trading is long by definition. If they sell, it's to buy back at a lower price or to take profits.
It creates massive swings, but has huge upside.
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antimattercrusader
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April 18, 2013, 12:38:53 AM |
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I don't know if it's over, but I do know that I've never trading something so resilient as BTC.
+1
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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johnniewalker
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April 18, 2013, 01:07:07 AM |
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You guys are so cute.
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blueberry
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April 18, 2013, 02:15:22 AM |
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We double bottomed around $50. If you didn't buy on the dip or panicked and sold your coins for cheap, then commiserations.
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atomium
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Study the past, if you would divine the future.
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April 18, 2013, 02:20:20 AM |
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looks very stable to me, lets see how it ends up by the end of the week
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blueberry
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April 18, 2013, 02:25:36 AM |
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looks very stable to me, lets see how it ends up by the end of the week
Yes, I hope it stabilizes soon. I can't sleep with all this 24/7 volatility. ![Angry](https://bitcointalk.org/Smileys/default/angry.gif)
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