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evolve (OP)
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May 01, 2013, 06:43:08 PM
Last edit: November 08, 2013, 10:48:58 PM by evolve |
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Hold on to your pants guys...its gonna get crazy. Secretly, I hoped the pigs were right and we would bubble up again, but every day it looks more and more like this bubble is going to pop all the way...take profits while you can guys, it may be your last chance.  1yr chart, closing price OP Update (july 5, 2013):Welp, it looks like we can officially label this a bear market. Here is where we are today:  (live updating) Looks like we may be testing $50 again real soon. Expect plenty of volatility along the way. Update Nov 8 Looks like we are bubbling up again... |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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nobbynobbynoob
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May 01, 2013, 06:44:20 PM |
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Public holiday selloff? Nothing to see... yet.
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UltimateReaper
Newbie
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Activity: 56
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May 01, 2013, 06:47:16 PM |
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Green. Red... Green... Red... green... red...
I swear this shit always happens the day before I get my BTC, ha ha. It's all about staying close to the exchanges.
We may have hit the bottom, at anyrate we might see another rally or dead cat bounce. After that I have no clue.
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evolve (OP)
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May 01, 2013, 06:55:42 PM |
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2 month, daily closing price:  Im probably a little early in calling this, but I think we may have seen the top of the bubble and the top of the bounce. I originally thought we'd hit around 200 before the bubble finished popping, but that seems very optimistic, if not unrealistic, at this point...if we close in double digits (which seems possible), I think the bull run is officially over.  |
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lebing
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Activity: 1288
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Enabling the maximal migration
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May 01, 2013, 07:02:59 PM |
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2 month, daily closing price: Im probably a little early in calling this, but I think we may have seen the top of the bubble and the top of the bounce. I originally thought we'd hit around 200 before the bubble finished popping, but that seems very optimistic, if not unrealistic, at this point...if we close in double digits (which seems possible), I think the bull run is officially over. The price is going down because of where it closed? If you're going to FUD troll to get your buys filled at least be smart about it. Welcome to the ignore list. |
Bro, do you even blockchain?
-E Voorhees
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evolve (OP)
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May 01, 2013, 07:05:32 PM
Last edit: May 01, 2013, 08:05:35 PM by evolve |
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The price is going down because of where it closed?
Uhh...no? Thats not even close to what I said. In fact, I never gave a reason for the price going down, though if I had to guess a reason, I'd say its going down due to a loss of investor confidence. Welcome to the ignore list.
But, but...now I wont get to read your poorly thought out knee-jerk reactions to my comments and threads!! I'm heartbroken....  |
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ironstove
Member
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Activity: 111
Merit: 10
Possibilities are limitless
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May 01, 2013, 07:31:38 PM |
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I do believe we are headed to a downward trend, but people will have plenty of time to sell... I am constantly buying/selling with each swing, making 2-5% each time... This won't be a fast crash down so take your time if you decide to sell  |
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evolve (OP)
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May 01, 2013, 07:39:50 PM |
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I am constantly buying/selling with each swing, making 2-5% each time...
Generally, I am doing this as well...but the market today has the potential to catch people with their pants down so be careful. As for me, I am staying out until the market settles down a bit. I think we are going down in the short and mid term, but yes, there will be plenty of opportunities to profit along the way (if you don't mind catching falling knives.) |
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underground_
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May 01, 2013, 07:40:50 PM |
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I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.
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Odalv
Legendary
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Merit: 1000
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May 01, 2013, 07:56:23 PM |
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I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.
DUMP DUMP DUMP. Who dump the first, dump the best. |
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evolve (OP)
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May 01, 2013, 08:01:54 PM |
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I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.
Exactly, I've been telling people to lock in profits for a while now, but the bitcoin echo chamber (like lebing above) shouts me down every single time. In fact, a large portion of the speculation subforum laughed when I suggested it in the $200's; "Never sell! Buy and hold forever!! The price can only go up, uP, UP!!!!". |
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mgio
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May 01, 2013, 08:04:55 PM |
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I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.
Exactly, I've been telling people to lock in profits for a while now, but the bitcoin echo chamber (like lebing above) shouts me down every single time. In fact, a large portion of the speculation subforum laughed when I suggested it in the $200's; "Never sell! Buy and hold forever!! The price can only go up, uP, UP!!!!". Yes I wish I had sold more at $200+ (I only sold 50 coins at $200), but I am definitely NOT selling now. People have to be more patient. It seems like most bitcoin investors have ADD (pigs). |
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Frozenlock
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May 01, 2013, 08:05:47 PM |
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Yes I wish I had sold more at $200+ (I only sold 50 coins at $200), but I am definitely NOT selling now.
It's like 2011 all over again.  |
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evolve (OP)
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May 01, 2013, 08:06:45 PM |
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It's like 2011 all over again. I honestly think it is. The lower lows and lower highs we have been seeing over the last week do not look good, IMO. The market is creeping down. |
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Peter Lambert
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May 01, 2013, 08:09:55 PM |
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I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.
Everybody should have made profit in both bitcoins and dollars. If you do things right, you end up with more dollars than you started with and also more bitcoins. |
Use CoinBR to trade bitcoin stocks: CoinBR.comThe best place for betting with bitcoin: BitBet.us |
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Frozenlock
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May 01, 2013, 08:11:08 PM |
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I honestly think it is.
I just hope it won't take another 2 years to recover. I would appreciate a new record before the end of the year. |
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NamelessOne
Legendary
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May 01, 2013, 08:14:54 PM |
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I honestly think it is.
I just hope it won't take another 2 years to recover. I would appreciate a new record before the end of the year. Same, I usually lean bullish, but I try to be reasonable, never really a bear or bull, but I feel we are headed down before eventually heading up in Bitcoin's Wave 5. I would love to scoop up more coins at the bottom and enjoy that ride up, I just hope it doesn't take forever like it did last time. |
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evolve (OP)
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May 01, 2013, 08:15:22 PM |
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Everybody should have made profit in both bitcoins and dollars. If you do things right, you end up with more dollars than you started with and also more bitcoins.
"Should have" are the operative words here...but I think a lot of people bought into the hype, and I worry about all those people that leveraged debt to buy in somewhere in the two hundreds (I did try to warn some of those people here that it was a very bad idea...but once again, I was shouted down). |
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evolve (OP)
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May 01, 2013, 08:17:00 PM |
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I just hope it won't take another 2 years to recover.
+1 I think people are going to get burned harder on this pop than they did a few years ago, though (which could mean a long recovery period). |
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