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Author Topic: Bitcoin is to stable  (Read 2626 times)
SAQ
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May 06, 2013, 12:45:50 AM
 #41

Right. So you are saying in the next 24 hours we will go down to 100?

I don't think that is going to happen. I think we're on an up trend.

In regards to the linked thread, as the price went down to 70s, his theory clearly needs considerable reworking.
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May 06, 2013, 05:27:20 AM
 #42

Right. So you are saying in the next 24 hours we will go down to 100?

no lower than $100

you're putting words in my mouth. my projections are as precise as they can be.


this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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May 06, 2013, 09:44:59 AM
 #43

A stable Bitcoin...

Oxymoron at its finest  Angry
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May 06, 2013, 10:19:23 AM
 #44

I say down because there's a huge lot of people who bought at $10ish and is still sitting on huge profits, while seeing how a bubble bursted and may be impatient to cash some fiat... And also because it feels like this last correction to $80 was not the last one, as we have seen in all major speculative bubbles bursts, including the 2011 Bitcoin one.

And huge $2M bid wall appearing suddenly on a weekend after a crash seems fishy enough to fuel my speculation

All this is not very scientific, I know - but guys following TA seem to agree too Wink

"Cash-out fiat", wondering when will people cash out in BTC  Wink

When you can buy more things with them.

 
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May 06, 2013, 11:37:52 AM
 #45

Right. So you are saying in the next 24 hours we will go down to 100?

no lower than $100

you're putting words in my mouth. my projections are as precise as they can be.



Well, as it happened, we went up to 125. I think that is what your charts were telling you as well. I still do not understand why you thought we will go down to no lower than 100.
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