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Poll
Question: What best describes your current bitcoin position
Sold, and waiting to buy low - 13 (8.8%)
Bought, and waiting to sell higher! - 10 (6.8%)
Selling on the spikes - 8 (5.4%)
Buying in the dips - 8 (5.4%)
Holding a short - 3 (2%)
Holding a long - 54 (36.5%)
Watching holding mostly BTC - 43 (29.1%)
Watching holding mostly USD - 9 (6.1%)
Total Voters: 148

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Author Topic: [poll] Positioned for Profits  (Read 2063 times)
adamstgBit
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November 01, 2013, 03:30:12 AM
 #1


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notme
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November 01, 2013, 03:33:39 AM
 #2

can we select multiple options please?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
adamstgBit
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November 01, 2013, 03:37:59 AM
 #3

can we select multiple options please?

this cannot be done with edit, i would have to start a new thread. this will have to do.

notme
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November 01, 2013, 03:42:45 AM
 #4

can we select multiple options please?

this cannot be done with edit, i would have to start a new thread. this will have to do.

Fair enough, I went with my largest position.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Zangelbert Bingledack
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November 01, 2013, 11:25:30 AM
 #5

Looks like people are mostly hoooooooolding for the longest time. Good strategy.
Tzupy
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November 01, 2013, 01:18:34 PM
 #6

After selling at 214.5$, I am waiting to see what happens next. There are only 2 possible scenarios IMO:

1 - that the 233$ peak was the top of wave 5, which means that right now we are in wave B and the start of capitulation is close.

2 - that the 233$ peak was the top of wave 3, which means that right now we are already in wave 5 and we'll see a new peak.
For this to happen, similar to the recovery from the SR crash, we'll need to get past the last peak, and IMO it can only happen if
about 15k coins would be withdrawn from the ask side. If we go past 233$ and then drop a bit, I'll buy back at a small loss,
because I'll be sure to make a profit a few days later.

Sometimes, if it looks too bullish, it's actually bearish
Ivanhoe
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November 01, 2013, 01:28:13 PM
 #7

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.
600watt
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November 01, 2013, 02:13:14 PM
 #8



loooool
good one, please post it in memespeculation
Savior
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November 01, 2013, 02:33:59 PM
 #9

I think the reason the price stay so stable at 200-210 is because alot of people who regret not selling last rally, are selling parts (or all) of their bitcoins. I know I am guilty of it myself, and plan to sell about 10% of my coins. But once those thinking 200 $ is a good enough price to sell are out, I think chances are very high we will continue upwards even stronger this time around.

Now you ask, why you sell then!! Well, I need the money Smiley
RodeoX
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November 01, 2013, 02:35:06 PM
 #10

What about an option in the pole for spending? I don't sell, I only spend.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in ICELAND - https://bitcointalk.org/index.php?topic=1610684
notme
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November 01, 2013, 03:49:54 PM
 #11

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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Mike Christ
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November 01, 2013, 03:56:49 PM
 #12

Looks like people are mostly hoooooooolding for the longest time. Good strategy.

culexevilman
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November 01, 2013, 04:00:31 PM
 #13

Holding since $10ish

Tzupy
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November 01, 2013, 04:03:11 PM
 #14

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

Question for notme:
If 233$ was the peak of wave 5, then the peak of wave 3 was 148$.
Then why didn't we drop below 177$, isn't A supposed to be lower than 3?

Sometimes, if it looks too bullish, it's actually bearish
notme
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November 01, 2013, 05:49:20 PM
 #15

Option one doesn't match with the current market sentiment and all the good news to my opinion. No capitulation this time.

Sentiment does match the top of wave B IMO, although this is bitcoin so there is a tendency to have shitty downside action.

Question for notme:
If 233$ was the peak of wave 5, then the peak of wave 3 was 148$.
Then why didn't we drop below 177$, isn't A supposed to be lower than 3?

Corrections usually end in the price territory of wave 4, although bitcoin being the bullish beast it is, historically corrections have ended a bit higher.  Also, this is a guideline, not a rule.  For this count to be valid though, we need another largish correction to at least the $180 area, possibly as low as 130, but that seems too low to me given the attention we've been getting lately.  Bulls seem to be losing momentum, but we'll see.  Bitcoin is tiny so momentum can shift quickly.

Longer term I'm looking at the 5 waves since 65 being wave 1 of the 5th wave off the initial trading range back in 2010.  With such a bullish count available in the long term, we may see a truncated correction.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Tzupy
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November 01, 2013, 06:28:46 PM
 #16

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

Sometimes, if it looks too bullish, it's actually bearish
SkRRJyTC
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November 01, 2013, 08:56:26 PM
 #17

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

Post a chart?
waveaddict
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November 01, 2013, 11:28:29 PM
 #18

The very bottom of wave 4 (in this scenario) was the SR crash, so 110$. I am still in doubt because we stopped falling at 177$.
If we are close to the top of wave B, by my count (in this scenario) we are now in the middle of the second sub-wave of B,
so tomorrow we could see the last futile push up and then we go downhill. If however the push up succeeds and stabilizes
above 230$, then it's possible to have another peak. We'll see soon enough.

Post a chart?

I agree. I love discussing these topics but have a few questions about what is being described in this thread. A chart is easily the best way to describe an Elliott Wave count. Without one, a lot of assumptions are being made about a count leading up to the current situation, especially when different wave degrees are considered.

BitchicksHusband
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November 02, 2013, 12:08:41 AM
 #19

Mods?  Can we keep all the "wave" talk in a single thread?

I'm tired of it sidetracking every topic I read.  Thanks.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
adamstgBit
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November 02, 2013, 12:23:32 AM
 #20

Mods?  Can we keep all the "wave" talk in a single thread?

I'm tired of it sidetracking every topic I read.  Thanks.
Tongue

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