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Author Topic: I would say in the shorterm...  (Read 3112 times)
Cosbycoin
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September 17, 2011, 01:19:00 AM
 #1

It stalling at $4.80 says it will go up for a bit at least to 5.50 to 5.75 before falling if indeed it is dstined  to fall further.
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fcmatt
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September 17, 2011, 01:34:36 AM
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a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
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September 17, 2011, 01:47:15 AM
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It could just as easily say that the part of the world with the next lot of available cash is sleeping atm Grin

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September 17, 2011, 01:59:25 AM
 #4

It's been stagnating for over a day.  This has always meant it will eventually crash.

Sometimes all the buywalls are done by one man and when he suddenly chooses to remove them, the price falls.  And I know when they're bid through and when not.  When they're all dropped at once manually, little gray lines appear and there's no activity for a whle.  When they're bid through for 40+ cents, MtGoxLive freezes and also MtGox freezes to ensure I can't cancel my buy orders.  A minute or two later they start working again   MtGoxLive uptime says, "30 hours".  30 hours ago was when someone sold 20,000 coins, hence the outage.

Probably Sunday morning will be a rally.  Typically this happens about 10 minutes before I get up in the morning, no matter when I get up in the morning.

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September 17, 2011, 03:53:22 AM
 #5

a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
usually tends to be the case
Cosbycoin
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September 17, 2011, 04:56:08 AM
 #6

a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.

Or their not sure sellers want to sell at such a low price too.

Your argument looks at only one side. Good job!
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September 17, 2011, 04:57:57 AM
 #7

a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
usually tends to be the case

I would agree with you if you said a stall after a rally would mean prices would go lower. This case we have gone from $12 to $4 and it is stalling...think there could be a $1 rebound to say $5.50?

I think it is in order.

Wait and see.
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September 17, 2011, 06:19:03 AM
 #8

a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
usually tends to be the case

I would agree with you if you said a stall after a rally would mean prices would go lower. This case we have gone from $12 to $4 and it is stalling...think there could be a $1 rebound to say $5.50?

I think it is in order.

Wait and see.

I think if it's going to go lower its going to happen right now it doesn't need to "bounce" up first, we have tested this range a few times and it keeps holding(for now), if we move up soon I think it could be a genuine trend change.
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September 17, 2011, 06:23:08 AM
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a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
usually tends to be the case

I would agree with you if you said a stall after a rally would mean prices would go lower. This case we have gone from $12 to $4 and it is stalling...think there could be a $1 rebound to say $5.50?

I think it is in order.

Wait and see.

I think if it's going to go lower its going to happen right now it doesn't need to "bounce" up first, we have tested this range a few times and it keeps holding(for now), if we move up soon I think it could be a genuine trend change.


It's waiting to lure me into buying back in.  The second I do, it will drop $1-2 permanently.

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September 17, 2011, 06:31:02 AM
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a stall means lower prices to me. it says i do not want to buy btc at less then 5 and more then likely even 4.50 is too expensive.
usually tends to be the case

I would agree with you if you said a stall after a rally would mean prices would go lower. This case we have gone from $12 to $4 and it is stalling...think there could be a $1 rebound to say $5.50?

I think it is in order.

Wait and see.

I think if it's going to go lower its going to happen right now it doesn't need to "bounce" up first, we have tested this range a few times and it keeps holding(for now), if we move up soon I think it could be a genuine trend change.


It's waiting to lure me into buying back in.  The second I do, it will drop $1-2 permanently.



you're not alone in that worry Grin that's why these stagnations happen, people just waiting to see what way it will go, remember the sellers are also worried about the same thing basically, if they sell off big then a speculator who thinks he see's the bottom comes in and buys up everything till 7-8 range and they have to buy back half the btc at double the $ value, everybody knows these larger than normal sell's and buy's for 20k+(or more) btc can come in at these testing times,

back to watching! Grin

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September 17, 2011, 04:20:03 PM
 #11


you're not alone in that worry Grin that's why these stagnations happen, people just waiting to see what way it will go, remember the sellers are also worried about the same thing basically, if they sell off big then a speculator who thinks he see's the bottom comes in and buys up everything till 7-8 range and they have to buy back half the btc at double the $ value, everybody knows these larger than normal sell's and buy's for 20k+(or more) btc can come in at these testing times,

back to watching! Grin


Don't go to sleep! Grin

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September 17, 2011, 04:34:16 PM
 #12

I think many are holding steady to see if the national chain restaurant thing is of any significance and whether the bit-pay POS system gains any traction.

You do not want to be left sitting there with cash waiting for a lower drop when Bitcoin starts getting accepted all over the place with POS merchants.

http://www.bitpools.com
Pool your bitcoins with others. Vote on solutions using the Bitcoin blockchain. Keep your bitcoins in your cold storage until you find a solution you like.
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grod
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September 17, 2011, 05:08:24 PM
 #13

I won't be left to the side.  I'll build a long position through mining -- we're all in this for the long term, remember?  I don't HAVE to direct buy in higher, I don't have a short position to cover.

But yeah, we're seriously overdue for a bull trap.  I've now mined 2 more coins since having completely liquidated and would love to sell them higher than 4.50, same as all the other 12 terahash worth of mine-and-holders.  We got plenty of raging bulls (who seem to be out of money though), we're through the rough friday/saturday time of week. 

My selling opportunity is coming up, I just know it.


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September 17, 2011, 06:22:09 PM
 #14

Look at the volume before and after the 4.18 low it went up to 72k that's the highest ever.
The volume at the rise afterwards was almost as high.

Yes there is a fractal pattern over the last month which might suggest another instance over the next 2 days. We probably aren't at a trend reversal yet but don't expect the long term trend to be broken either.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
Minsc
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September 17, 2011, 06:57:58 PM
 #15

Finally fall already!  It's been stagnating for two days so it's going to do it.  But it takes forever!

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grod
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September 17, 2011, 07:01:15 PM
 #16

Finally fall already!  It's been stagnating for two days so it's going to do it.  But it takes forever!

Not likely.  Two opportunities for weekly highs are sunday evening US time and tues/wed morning.  IMO we'll see $5 again before we see below $4.  You're gonna have to hang out till Thursday.

This has nothing to do with Dwolla and banks.  I'm not even sure ANY new money is being deposited any more.

RyNinDaCleM
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September 17, 2011, 07:22:35 PM
 #17

I'm not even sure ANY new money is being deposited any more.



Nope! I'm pretty sure we are just trading the cash value right out of BTC, and right in to Gox' account!
So, the value will fall at the rate Gox can remove it from the market!

Cluster2k
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September 18, 2011, 10:48:02 AM
 #18

Well this weekend has been boring.  Bitcoin's price has barely budged over the last 48 hours.  Need more hackers playing with other people's bitcoins to spice things up like last weekend  Wink

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turquoise9955
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September 18, 2011, 11:04:46 AM
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Well this weekend has been boring.  Bitcoin's price has barely budged over the last 48 hours.  Need more hackers playing with other people's bitcoins to spice things up like last weekend  Wink
Yup, wtb some action
ElectricMucus
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September 18, 2011, 11:19:00 AM
 #20

Don't worry it nearly has to move now since we are testing the long-term uptrend and the mid term downtrend at the same time.
The reason that nothing has happend is is everybody is waiting for someone else to move first.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
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