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Author Topic: Analysis  (Read 921448 times)
Rampion
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December 18, 2013, 10:14:37 PM
 #961

So stop "arguing" with the market, and stop dividing investors and traders into "weak" vs."strong" hands, because you sound like cultists when you do.
They ARE cultists. Bitcoin cultists. They don't want to make money, they want to be right.

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

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December 18, 2013, 11:30:15 PM
 #962

Meh... I think bitcoin is pretty special too but every speculative bubble investment has a hoarde  of robe wearing, chanting, tambourine waving converts.  Bitcoin is no different.  Also there will always be grumpy naysaying, conspiracy seeing bears too.

But the ones who turn from group A to group B are by FAR the most intolerable thing imaginable.

And to bring this post on topic:

When you see the membership of group C starting to peak...  We are finding a bottom.  

PS. Yeah… I know that's mostly bs up there, but I've seen it be true many times before. Smiley
samurai1200
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December 19, 2013, 12:06:43 AM
 #963

Meh... I think bitcoin is pretty special too but every speculative bubble investment has a hoarde  of robe wearing, chanting, tambourine waving converts.  Bitcoin is no different.  Also there will always be grumpy naysaying, conspiracy seeing bears too.

But the ones who turn from group A to group B are by FAR the most intolerable thing imaginable.

And to bring this post on topic:

When you see the membership of group C starting to peak...  We are finding a bottom.  

PS. Yeah… I know that's mostly bs up there, but I've seen it be true many times before. Smiley

If A = speculators and B = conspira-bears, who is group C? Converts?

Hodl for the longest tiem.

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oda.krell
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December 19, 2013, 01:20:04 AM
 #964

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

Excellent point, never thought of it like that. Goes into my btc quotes file.

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December 19, 2013, 07:23:27 AM
 #965

Try number 2 for the price to break resistance at 630.  Second chance?
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December 19, 2013, 07:28:38 AM
 #966

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
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December 19, 2013, 08:30:35 AM
 #967

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

I changed my post to use the correct word, but too late I see.

Looks like 2x now its bounced off...  Now let's see if it will challenge support.  I have a pile of cash on Gox.  Makes me nervous.  I want to reenter just to have it back in a safe wallet.  But I don't think its time yet.
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December 19, 2013, 09:18:28 AM
 #968

Try number 2 for the price to break resistance at 630.  Second chance?
Done.
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December 19, 2013, 11:53:08 AM
 #969

Where to generate our own "fibonacci retracement charts" ?

Crypto news/tutorials >>CoinRamble<<                            >>Netcodepool<<                >>My graphics<<
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December 19, 2013, 12:05:41 PM
 #970

Ohi guyz I heard u liek volatilities
http://www.reddit.com/r/Bitcoin/comments/1t8j7c/proof_that_btc38_takes_cny_for_btcltcxrp_etc/

If it ends up being the case that the chinese gov is simply retarded and they are going to let the exchanges back on, we will be back over previous highs by march for sure.

Bro, do you even blockchain?
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December 19, 2013, 02:53:50 PM
 #971

Yes, some of us have a very pronounced "cultist" side regarding Bitcoin, and we are not in it only for the fiat profits.

Probably that's one of the things that make Bitcoin so resilient, while on the other side greed is the best fuel to make it go viral. Effective combination.

Do you think Satoshi created Bitcoin to "make money"?

Strange assertion coming from someone who despises (and rightfully does so IMO) scamcoins. Normally those who admit being into BTC just to make money are very much into alts pump and dumps.

Excellent point, never thought of it like that. Goes into my btc quotes file.

I always thought that Bitcoin was designed on purpose to make it skyrocket very fast - it's the best way to make it go viral because there's nothing that motivates more than pure profit/greed. In fact, there are times in which I entertain the idea that Bitcoin is just a "trojan horse" which real purpose is to spread the blockchain (which has many other revolutionary purposes apart from being a way of transferring value) as fast as possible.

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December 19, 2013, 03:48:07 PM
 #972

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

 Guess was incorrect, whales took over.  Now to test 700. I  have a really hard time seeing a breakthrough here.  But I could be wrong again, because whales.

Hodl for the longest tiem.

Use it or lose it: http://coinmap.org/
lebing
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December 19, 2013, 03:59:38 PM
 #973

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

 Guess was incorrect, whales took over.  Now to test 700. I  have a really hard time seeing a breakthrough here.  But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

Bro, do you even blockchain?
-E Voorhees
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December 19, 2013, 04:09:58 PM
 #974

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

 Guess was incorrect, whales took over.  Now to test 700. I  have a really hard time seeing a breakthrough here.  But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

this isn't even confirmed, plus they may not even act on it...
lebing
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December 19, 2013, 04:12:11 PM
Last edit: December 19, 2013, 10:02:41 PM by lebing
 #975

Try number 2 for the price to break support at 630.  Second chance?

My guess is a ping (bounce off resistance).

Market depth shows lots of ask pressure and hardly any bid pressure. First 1000 btc on ask @ $645, first 1000 on bid @ $580.

http://bitcoincharts.com/markets/mtgoxUSD_depth.html just fyi

 Guess was incorrect, whales took over.  Now to test 700. I  have a really hard time seeing a breakthrough here.  But I could be wrong again, because overstock.

FTFY
http://newsbtc.com/2013/12/19/overstock-com-begin-accepting-bitcoin-2nd-half-2014/

this isn't even confirmed, plus they may not even act on it...

True, but it makes sense. They are looking for an edge vs the bigger guys and with all of the hype around bitcoin it makes sense for them to jump on the train to expand their market share and get free press. They have far more to gain than amazon or ebay, which is why I dont believe this is fake.

edit: http://blogs.marketwatch.com/thetell/2013/12/19/overstock-com-to-accept-bitcoins-ceo-says-money-is-too-important-to-leave-in-the-hands-of-government-officials/?mod=MW_home_latest_news
Well, there is the confirmation.

Bro, do you even blockchain?
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December 19, 2013, 04:25:21 PM
 #976


(sorry for another sloppy short post)

next target for me: ~750 (mtgox), ~710 (bitstamp). breaking through those, and staying above them, would be confirmation for me that we're done with this correction, at least short term -- doesn't mean we can't enter a longer bear market, but I wouldn't expect another very sharp drop then in the next days at least if we cross those.


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Electrum is an open-source lightweight client: fast, user friendly, and 100% secure.
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zby
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December 19, 2013, 07:05:31 PM
 #977

Another wedge (not entirely finished) - what bitcoin will do with it this time?

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December 19, 2013, 07:29:15 PM
 #978

Another wedge (not entirely finished) - what bitcoin will do with it this time?



Rising wedges are supposedly bearish right?
bassclef
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December 19, 2013, 07:30:28 PM
 #979

Another wedge (not entirely finished) - what bitcoin will do with it this time?



Rising wedges are supposedly bearish right?

Not unless it breaks through the trend line.
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December 19, 2013, 07:42:02 PM
 #980

Another wedge (not entirely finished) - what bitcoin will do with it this time?


Rising wedges are supposedly bearish right?

Yes - but in the past bitcoin had the tendency to not care about rising wedges - but this time there is also another barrier coinciding in mostly the same area - and so ... - I don't know.
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