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Frozenlock
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July 12, 2013, 04:20:04 AM |
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I'll just leave this here. Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it.  |
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vokain
Legendary
 Offline
Activity: 1834
Merit: 1019
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July 12, 2013, 04:43:54 AM |
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when bitcoin was crashing in 2011 i thought bitcoin was over
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chufchuf
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July 12, 2013, 04:46:13 AM |
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forget the graph, btc was artificially low for years. how you gonna compare a 2011 fundamentals with those of 2013 that are orders of magnitude more complicated, you you gonna look at a graph and say all that matters is the graph when its really the fundamentals of gox having issues with wires, answer is you're not
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 05:09:08 AM |
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hahahah fuck you this is making me rich. cat is made out of flubber!!!
+1  |
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BitPirate
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 12, 2013, 05:17:01 AM |
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I'll just leave this here. Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it. Any top blue "trendline" just got broken through pretty decisively. Cogitate on that. Cats have nine lives. |
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 12, 2013, 05:28:59 AM
Last edit: July 12, 2013, 05:42:17 AM by BitPirate |
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I'll just leave this here. Quick update on proceedings. When will the trend be broken? The price seems unaffected by what is happening in the world instead just gradually deflates. The profit takers certainly are hard at work and make good use of it. Any top blue "trendline" just got broken through pretty decisively. Cogitate on that. Cats have nine lives. How it did not cross the 100 point and now back to 95. To cross the trendline it would have needed to hit ~105 per date location. Because the line is a joke and doesn't go anywhere near $105 if the downtrend was to hold.  Sorry, on pretty much any downtrend channel you can draw, we broke through. EDIT: You can see I drew the lines to make any downtrend channel as fair as possible. |
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Frozenlock
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July 12, 2013, 05:56:24 AM |
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Switch to logarithmic chart.  We'll see. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 06:04:13 AM |
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"It didn't require a Sherlock Holmes to size up the situation." reversal  |
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RyNinDaCleM
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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July 12, 2013, 06:21:24 AM |
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The line has not been touched yet! I'm not saying it won't, but it hasn't yet SC > tradingview with point accuracy.  |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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July 12, 2013, 06:55:48 AM |
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Keyword: Is this sustainable? Continuing stagnation of the USD (around $11 million) in the orderbooks, once coins supply increases to normal level and the big whales stop the pump,and start to dump, price gonna crash like a card game.  |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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notme
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Activity: 1904
Merit: 1002
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July 12, 2013, 06:57:30 AM |
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Doesn't look so bad from higher up:  |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 07:03:53 AM |
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this looks familiar *cue flashback to mar/apr, or rather, every rally yet* |
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 12, 2013, 09:01:14 AM |
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The line has not been touched yet! I'm not saying it won't, but it hasn't yet SC > tradingview with point accuracy. Don't need no point accuracy now... even with an old VGA CRT monitor -- channel is broken. |
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bitleif
Sr. Member
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Activity: 351
Merit: 250
I'm always grumpy in the morning.
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July 12, 2013, 09:28:15 AM |
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The only people who bet their future on random drawn lines are astrologers and asset traders.
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mmortal03
Legendary
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Activity: 1762
Merit: 1010
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July 12, 2013, 12:22:20 PM |
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The only people who bet their future on random drawn lines are astrologers and asset traders.
Unfortunately, if enough people believe in something in a market, it becomes part of the market psychology reality, and you have to price that in. |
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RationalSpeculator
Sr. Member
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Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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July 12, 2013, 12:55:34 PM |
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The only people who bet their future on random drawn lines are astrologers and asset traders.
lol |
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RationalSpeculator
Sr. Member
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Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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July 12, 2013, 12:56:02 PM |
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Unfortunately, if enough people believe in something in a market, it becomes part of the market psychology reality, and you have to price that in.
Wise words. |
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vokain
Legendary
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Activity: 1834
Merit: 1019
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July 12, 2013, 12:56:27 PM |
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The only people who bet their future on random drawn lines are astrologers and asset traders.
lol “Millionaires don't use Astrology, billionaires do.” lol |
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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July 12, 2013, 12:58:34 PM |
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I'm surprised how many people believe this NOT to be a dead cat bounce.
This leads me to think we can go considerably higher on this rebound.
Sticking to my strategy to sell as it goes up though as I very much dislike the company of astrologers.
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