We are at "DESPAIR"

[GigaCoin]

I believe we have reached the "DESPAIR" stage, feeling of "hopelessness" has gripped the bitcoin world, everything is down, people sold all their altcoins, etc. Which IMO means prices are going to "final bottom out" within this week, then we return to mean prices and stick there till the next lift-off.

[JimboToronto]

Just because you didn't post that silly "stages of a bubble" chart, don't think that people can't see what you're doing.

Current prices aren't what they are because of someone's idea of where we are in a bubble.

They're what they are because of the MtGox situation.

Go ahead and despair if you want. I'll wait for more news and clarification of what's really happening at Gox.

Meanwhile, I'm holding my coins and freeing up fiat to buy more.

[TERA]

You can't both reject the "stages of a bubble" chart and refer to its stages in your analysis at the same time...

[Ibian]

Don't see it. Everyone who actively trades crypto is well enough informed of what's going on. This whole situation seems a bit too unique to fit neatly into normal market behavior to me.

[JimboToronto]

You can't both reject the "stages of a bubble" chart and refer to its stages in your analysis at the same time...

I hope that was directed at the OP.

I certainly am not referring to that chart's stages, unless "Gox implodes" has been added as a stage.

I've long been on record as having reservations about using traditional TA and other accepted financial orthodoxy for Bitcoin.

I give the bubble stage chart little credence when applied to bitcoin.

IMO this event is news driven, not trend driven.

[TERA]

You can't both reject the "stages of a bubble" chart and refer to its stages in your analysis at the same time...

I hope that was directed at the OP.

I certainly am not referring to that chart's stages, unless "Gox implodes" has been added as a stage.

I've long been on record as having reservations about using traditional TA and other accepted financial orthodoxy for Bitcoin.

I give the bubble stage chart little credence when applied to bitcoin.

IMO this event is news driven, not trend driven.

Yes it was @op sorry

[chessnut]

I agree, plenty of investors out there who have been promised $10k bitcoins in 2014, dont really understand whats going on, bought at 900+, and sold today.

we are in despair.

Unfortunately, the market is not precise, we could be in more or less despair tomorrow.

good time to buy. sleep well in coins!

also, keep a bit of fiat under yer pillow!

[Apraksin]

Buying both BTC and alts right now, a good time to be greedy.

[cosmofly]

Despair despair everywhere ! ALL OF YOU CRY bwhahahahaaa

[MatTheCat]

I believe we have reached the "DESPAIR" stage, feeling of "hopelessness" has gripped the bitcoin world, everything is down, people sold all their altcoins, etc. Which IMO means prices are going to "final bottom out" within this week, then we return to mean prices and stick there till the next lift-off.

Sorry...but ya know what....

.....I disagree. I sense relief....."ah, Bitcoin has bottomed, now back 2 da moon"

That isn't despair.

[cosmofly]

I believe we have reached the "DESPAIR" stage, feeling of "hopelessness" has gripped the bitcoin world, everything is down, people sold all their altcoins, etc. Which IMO means prices are going to "final bottom out" within this week, then we return to mean prices and stick there till the next lift-off.

Sorry...but ya know what....

.....I disagree. I sense relief....."ah, Bitcoin has bottomed, now back 2 da moon"

That isn't despair.

art of war

https://bitcointalk.org/index.php?topic=486602.0

[TERA]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

[cosmofly]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

which exchange ?

[TERA]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

which exchange ?

stamp

[cosmofly]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

which exchange ?

stamp

PIGS WILL DIE

$300 @ Stamp Tonight

see u soon

[Dragonkiller]

I think 400 on stamp was the bottom; the worst is over.

[hdbuck]

I think 400 on stamp was the bottom; the worst is over.

nahhhh not even close.. keep the faith gentlemen

[FierceRadish]

I believe we have reached the "DESPAIR" stage, feeling of "hopelessness" has gripped the bitcoin world, everything is down, people sold all their altcoins, etc. Which IMO means prices are going to "final bottom out" within this week, then we return to mean prices and stick there till the next lift-off.

Sorry...but ya know what....

.....I disagree. I sense relief....."ah, Bitcoin has bottomed, now back 2 da moon"

That isn't despair.

Have to agree here. Based on the sentiment in this forum, we only nuzzled up against despair.

[MatTheCat]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

I agree...

except if there are forces at work (with access to 750K stolen coins perhaps) that are intend on slaughtering Bitcoin TA and indicators don't mean shit.

[TERA]

Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it.

I agree...

except if there are forces at work (with access to 750K stolen coins perhaps) that are intend on slaughtering Bitcoin TA and indicators don't mean shit.

The 750K coins have been stolen from gox over the course of 3 years. It didn't just suddenly happen now. There is not a pile of 750k coins waiting to be dumped. It is likely dumped already.