BEAR TRAP :)

[wopwop]

Thanks bears we now have cheap coins to feed our bull 

[Wilhelm]

SELL SELL SELL
(i want my cheap coinzzzz!!!)

[wopwop]

SELL SELL SELL
(i want my cheap coinzzzz!!!)

buy now then they are very cheap, 20% discount sale atm

[johnmatrix]

I think its a noob trap instead of a bear trap, because in current situation you can gain a lot more of what you can lose if the price drops.

[zeroday]

Weak hands

[wopwop]

WARNING

BEAR TRAP

PLEASE STOP SELLING!

[Teal Deer]

And up we go! Congrats to all those that added at ~500

No. That's what's called a "bull trap". Happens every bubble.

Bear trap is when the price jumps up people buy, and then it drops. If this is a correction (and corrections are expected) then it will be a bear trap for all those that sold.

Other way round. A bear trap is when the price falls and is expected to continue falling, but then stalls or corrects upwards again.

[pheaonix]

http://www.youtube.com/watch?v=V_ONyukSLqA

[zeroday]

Yes! Just got my last bid filled @ $380 !!!
Will double it by tomorrow  

[wopwop]

Yes! Just got my last bid filled @ $380 !!!
Will double it by tomorrow  

nice! i only bought at around 420$ just now. a mere 50 bitcoins

[zeroday]

Yahoooo! This was EPIC trap! 600->378->600 in a hour!
 

[damnek]

Yahoooo! This was EPIC trap! 600->378->600 in a hour!
 

Bulltrap right?

[zeroday]

Yahoooo! This was EPIC trap! 600->378->600 in a hour!
 

Bulltrap right?

No. Bulltrap is opposite.

[Boxman90]

zeroday has some misplaced optimism going on. Just keep your eyes shut, okay?

Edit// haha, double bear trap (do they exist) or genuine DOWNTREND? Just keep believing in your higher bullforce, don't worry be happy.

[W-M]

As far as I understand it:
Bull = person who believes that the price will keep on rising, thus buys more.
Bear = person who believes that the price might drop any moment now, thus starts selling.

Bull trap   = When the price goes up and Bulls buy lots of the stock expecting the price to rice further so they make money, but instead the price then drops.
Bear trap = When the price goes down and Bears sell their stock in expectations of the price falling even lower so they can buy it back at a low price, but they turn out to be wrong.

So, a Bull trap is a peak where people buy and then the stock becomes worthless.
and a Bear trap is a valley where people sell and then the stock rises again.


Stalagtites, Stalagmites.


Keep Calm and Carry On.


EDIT:

Also, there are Donkeys out there.

[zeroday]

zeroday has some misplaced optimism going on. Just keep your eyes shut, okay?

Edit// haha, double bear trap (do they exist) or genuine DOWNTREND? Just keep believing in your higher bullforce, don't worry be happy.

Trust me, I've been happy all the times since I started buying bitcoins in 2012.
Since bitcoin is deflationary in nature, I never worried about these "downtrends".

If you look at all-times bitcoin chart you will see that all "downtrends" became bear traps. And finally, you will not see even a single bull trap or real bubble which affected long term investor.

[damnek]

zeroday has some misplaced optimism going on. Just keep your eyes shut, okay?

Edit// haha, double bear trap (do they exist) or genuine DOWNTREND? Just keep believing in your higher bullforce, don't worry be happy.

Trust me, I've been happy all the times since I started buying bitcoins in 2012.
Since bitcoin is deflationary in nature, I never worried about these "downtrends".

If you look at all-times bitcoin chart you will see that all "downtrends" became bear traps. And finally, you will not see even a single bull trap or real bubble.

Dude, the more you talk the more bearish I get.. you're a scary representation of the bitcoin holders to me.

[zeroday]

Dude, the more you talk the more bearish I get.. you're a scary representation of the bitcoin holders to me.

This is because you treat bitcoin as piece of shit just to buy/sell and get your fiat profit.

BTW, I gained bitcoins today and you will not see them on a market for a long time.

[zachcope]

DAMN IT.

That caused a margin call on my BTC.sx position.

Good thing I made up for it with a low-priced buy at Stamp.

Margin Gap Trap Snapped?

[tutkarz]

Dude, the more you talk the more bearish I get.. you're a scary representation of the bitcoin holders to me.

This is because you treat bitcoin as piece of shit just to buy/sell and get your fiat profit.

exactly this. I never understood what bears are doing in deflationary currency.