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ineededausername
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September 20, 2011, 02:32:44 AM |
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We've hit the long term support. If Bitcoin goes under this, it is doomed. I have confidence that it will not.
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(BFL)^2 < 0
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RyNinDaCleM
Legendary
 Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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September 20, 2011, 02:33:56 AM |
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Damned resistance at $5.64 is keeping prices low. I hope it turns out to be partially fake or something.
I know! Why won't they pull the sell bids back a little? |
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johnj
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September 20, 2011, 02:40:53 AM |
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Damned resistance at $5.64 is keeping prices low. I hope it turns out to be partially fake or something.
I know! Why won't they pull the sell bids back a little? Less than 24hrs ago the price was $4.90. Give them some time to get used to the bulls. |
1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
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Minsc
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September 20, 2011, 02:41:48 AM |
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However, this time I think we have sufficient pressure to eventually break the resistance. The technicals are looking great.
The charts you mean? You know every time the price gets a predictable pattern, it then changes and never does the same pattern again? |
1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
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Minsc
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September 20, 2011, 02:44:32 AM |
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if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!
I think this is only a small portion of miners. Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000. (Last time I had coins, I had less than 100) If most miners sold, I think the price would just tank to under $1. |
1DcXvfJdeJch9uptKopte5XQarTtj5ZjpL
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Rassah
Legendary
Offline
Activity: 1680
Merit: 1035
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September 20, 2011, 03:12:33 AM |
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if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!
I think this is only a small portion of miners. Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000. (Last time I had coins, I had less than 100) If most miners sold, I think the price would just tank to under $1. I'm mining, and buying more instead of selling. So you're likely correct. |
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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September 20, 2011, 03:44:16 AM |
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I mine, and trade! All in effort to amass some BTC! What I have in the exchange is always more than I put in! I pull the *extra* back out and continue, leaving the initial amount in my account!
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fcmatt
Legendary
Offline
Activity: 2072
Merit: 1001
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September 20, 2011, 04:05:13 AM |
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you guys make it sound like no one has to pay for electricity, cooling, space, etc... it sucks a lot of money out of bitcoin everyday.
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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September 20, 2011, 04:13:34 AM |
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... it sucks a lot of money out of bitcoin everyday.
So does Gox! ; ) |
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mmortal03
Legendary
Offline
Activity: 1762
Merit: 1010
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September 20, 2011, 09:56:22 AM |
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If it is as many are hoping, we may have finally reached the true bottom after a 3-4 month correction. It may have never been a bubble, just a correction. We just reached another new daily high less then 5 minutes ago so BUY BUY BUY!
This is one they're probably looking at (the 365 day SMA line in purple):  |
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HostFat
Staff
Legendary
Offline
Activity: 4214
Merit: 1203
I support freedom of choice
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September 20, 2011, 10:00:43 AM |
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If the team release the new v0.4.0 client on next few days, I think that the faith on Bitcoin will grow as the price  |
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