Bears Bunker - Official thread

[wachtwoord]

Are you guys going to have a bear party if the price tanks before it hits 1000usd?

Proudhons 10dollar celebration?

 

Proudhon will sing his song!

[nobbynobbynoob]

Proudhon turned bullish after we dumped to fifty.

[mootinator]

noways it stabilizes here. It must go over $1000 tomorrow to keep this momentum or it will implode back on itself.

You do realize the Chinese don't care about whether it goes over $1000 or not?

[Heutenamos]

I'm truly devoted, but if the fucking Bitcoin Foundation is going to cooperate with the US government to regulate Bitcoin and try to stop the implementation of ZeroCoin or CoinJoin then I say good bye!  

Changing Bitcoin protocol by Bitcoin Foundation to regulate Bitcoin would mean forked blockchain, and existence of two Bitcoins alongside. This would be scary

[Tzupy]

A 12k dump (big whale) would immediately crash the price to 400$.
IMO it's only a matter of time until a big whale decides that he can't sell all his coins without dumping.

[SuperHakka]

How odd. I'm getting a very different result.

First, we're looking at $ volume, right? Otherwise we would have to pretend that trading 1 btc for 200$ is equivalent to trading 1 btc for 500, 600$.

You you be doing it all wrong, in conventional technical analysis you look at ordinary volume, not dollar volume. with dollar volume you mix up two different data sets, i.e. price and volume. open any technical analysis textbook and you will find price and ORDINARY volume charts. dollar volume is usually only mentioned briefly if at all. believes me i read too many of those books over past 20 years.

[wachtwoord]

I'm truly devoted, but if the fucking Bitcoin Foundation is going to cooperate with the US government to regulate Bitcoin and try to stop the implementation of ZeroCoin or CoinJoin then I say good bye!  

Changing Bitcoin protocol by Bitcoin Foundation to regulate Bitcoin would mean forked blockchain, and existence of two Bitcoins alongside. This would be scary

Depending on who would win. I believe BitcoinREGULATED won't be worth much. "Bitcoin - There can be only one" on the other hand ...

[jasonjm]

noways it stabilizes here. It must go over $1000 tomorrow to keep this momentum or it will implode back on itself.

You do realize the Chinese don't care about whether it goes over $1000 or not?

yeah then put the number in yuan.

it has to keep moving up on all exchanges, it cannot pause or stabilize. its up or down, no sideways

[nobbynobbynoob]

Actually, I disagree. A strong bull run/bubble can only work with periodic corrections to rewater the tree of sober investing , q.v. bitcoin in April through June 2011.

[pera]

[...]
Changing Bitcoin protocol by Bitcoin Foundation to regulate Bitcoin would mean forked blockchain, and existence of two Bitcoins alongside. This would be scary

Depending on who would win. I believe BitcoinREGULATED won't be worth much. "Bitcoin - There can be only one" on the other hand ...

How many "investors" believes in Bitcoin as a cypherpunk project? this is not about the original purpose of bitcoin anymore, this is about making tons of fiat

[pera]

Does anyone realized that China almost doubled the price in just 26hs ?

[wachtwoord]

Does anyone realized that China almost duplicated the price in just 26hs ?

Duplicated?

[barbs]

You mean doubled?

[pera]

You mean doubled?

thanks

[oda.krell]

How odd. I'm getting a very different result.

First, we're looking at $ volume, right? Otherwise we would have to pretend that trading 1 btc for 200$ is equivalent to trading 1 btc for 500, 600$.

You you be doing it all wrong, in conventional technical analysis you look at ordinary volume, not dollar volume. with dollar volume you mix up two different data sets, i.e. price and volume. open any technical analysis textbook and you will find price and ORDINARY volume charts. dollar volume is usually only mentioned briefly if at all. believes me i read too many of those books over past 20 years.

Ah, I see. I forgot the ingenious "I read it in a book", no wait: "I read it in *many* books" defence.

You expressed concerns that this rally is running on low volume, a sign of divergence. That argument however assumes that you are concerned that not enough money is entering the market to sustain the rally. Hence, USD volume is the important factor here.

I'm not saying btc volume is never a useful metric, I'm not saying this rally will "go to the moon", but I *am* saying that if you seriously believe that after a 50-fold price increase since January we must have the same btc volume to sustain a rally, or at the very least: sustain the gains we made, you'd probably  be wrong

[SuperHakka]

How odd. I'm getting a very different result.

First, we're looking at $ volume, right? Otherwise we would have to pretend that trading 1 btc for 200$ is equivalent to trading 1 btc for 500, 600$.

You you be doing it all wrong, in conventional technical analysis you look at ordinary volume, not dollar volume. with dollar volume you mix up two different data sets, i.e. price and volume. open any technical analysis textbook and you will find price and ORDINARY volume charts. dollar volume is usually only mentioned briefly if at all. believes me i read too many of those books over past 20 years.

Ah, I see. I forgot the ingenious "I read it in a book", no wait: "I read it in *many* books" defence.

You expressed concerns that this rally is running on low volume, a sign of divergence. That argument however assumes that you are concerned that not enough money is entering the market to sustain the rally. Hence, USD volume is the important factor here.

I'm not saying btc volume is never a useful metric, I'm not saying this rally will "go to the moon", but I *am* saying that if you seriously believe that after a 50-fold price increase since January we must have the same btc volume to sustain a rally, or at the very least: sustain the gains we made, you'd probably  be wrong

that's rubbish what you said isn't it? if you believe that the market price at any time is the correct price than it shouldn't matter what the price is when something is sold, it's just the quantity that matters. if wot you say is true, then say in the extreme case all sellers pulled out the market bar one sell order of 1 btc @ 10 trillion USD and some eejit buys it at 10 tr USD, then your dollar volume suddently becomes 10 trillion USD isn't it. the volume would be 1 though and most technical anyslst would say that this is no trend at all!

[SuperHakka]

A 12k dump (big whale) would immediately crash the price to 400$.
IMO it's only a matter of time until a big whale decides that he can't sell all his coins without dumping.

that's right but a sequence of smaller dumps of say 2k each means we will get to 400$ quicker because as soon as the price begins to substantially move downwards, a lot of those buy orders are going to get cancelled by people changing their minds and who don't want to catch a falling knife.

[eindbaas]

Sold out 15 bitcoins for my job. Cant risk that.
still 5 left wich I will hold for ever.
Bought 680 litecoins for fun. Will buy more bitcoins after the crash? If it doenst crash i'm happy for you guys. I made a ton of money i'm happy.

[davider]

I feel comfortable in the bears bunker. What about you?

[emanymton]

I feel comfortable in the bears bunker. What about you?

I don't really feel comfortable but since I sold I feel like it's where I belong for now