GigaCoin (OP)
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Giga
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February 25, 2014, 09:39:05 AM |
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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.
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JimboToronto
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You're never too old to think young.
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February 25, 2014, 11:29:20 AM |
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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.
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TERA
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February 25, 2014, 11:31:01 AM |
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You can't both reject the "stages of a bubble" chart and refer to its stages in your analysis at the same time...
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Ibian
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February 25, 2014, 11:38:58 AM |
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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.
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Look inside yourself, and you will see that you are the bubble.
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JimboToronto
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You're never too old to think young.
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February 25, 2014, 11:40:17 AM |
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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. |
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TERA
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February 25, 2014, 11:40:56 AM |
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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 |
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chessnut
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February 25, 2014, 11:43:49 AM |
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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!
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Apraksin
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Moon?
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February 25, 2014, 11:54:14 AM |
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Buying both BTC and alts right now, a good time to be greedy.
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cosmofly
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February 25, 2014, 12:06:20 PM |
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Despair despair everywhere ! ALL OF YOU CRY bwhahahahaaa
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MatTheCat
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February 25, 2014, 12:08:52 PM |
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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. |
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cosmofly
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February 25, 2014, 12:11:20 PM |
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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 |
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TERA
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February 25, 2014, 12:11:36 PM |
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 Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it. |
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cosmofly
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February 25, 2014, 12:13:21 PM |
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Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it. which exchange ? |
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TERA
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February 25, 2014, 12:14:56 PM |
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Thankfully there are things I can OBJECTIVELY look at. Either this was bottom or we are 1 step away from it. which exchange ? stamp |
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cosmofly
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February 25, 2014, 12:16:31 PM |
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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 |
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Dragonkiller
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February 25, 2014, 12:16:33 PM |
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I think 400 on stamp was the bottom; the worst is over.
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hdbuck
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February 25, 2014, 12:18:48 PM |
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I think 400 on stamp was the bottom; the worst is over.
nahhhh not even close.. keep the faith gentlemen  |
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FierceRadish
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February 25, 2014, 12:20:20 PM |
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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. |
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MatTheCat
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February 25, 2014, 12:22:09 PM |
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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. |
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TERA
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February 25, 2014, 12:24:43 PM |
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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. |
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cosmofly
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February 25, 2014, 12:26:07 PM |
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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. Mat you need to sell your coins NOW, $300 in 5 hours. Chinese Art of War, This is the last stand, The Dragon cannot prevail, The Eagle will kill all when he awakens. |
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MatTheCat
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February 25, 2014, 12:52:40 PM |
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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.
Yeah Yeah...... But that doesn't mean that there isn't forces at work intent on kicking crap out of Bitcoin..... ....from Bitcoin Steve onwards, I think it would be a safe guess to say that there are.... ....as per my Chinese cowboys slaughtering bulls with power tools in a barn dream, and then gambling rump steak against each other. I came out my short at $550...went back in and then bottled it suspecting yet another Bitcoin retard rally (but who is to call it a retard rally if my ass would get liquidised in amongst it)....I slept right through the smash down to 400 and had about 60 BTC of buy-ins missed by $8.67. That's right, no staggered tranches for me...I am an all or nothing fucking idiot man. However, right now with Bitcoin at $495, I am neither confident of going short or long. If I went short, I suspect I would be likely to get my arse squeezed, but I am equally convinced that there is much more of this shit to come. Despair? Don't make me laugh. What there is here, is relief. If this were to play out as the bottom, then it would be a carbon copy of what I and many others called weeks ago, and what has happened previously........so chances are it may not just work out so 'obvious' this time around. |
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Mythul
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February 25, 2014, 01:09:54 PM |
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So are we going to see on the news the "Granny which bought coins on Mt.Gox to leave to her grandkids and lost all her money" ?
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MatTheCat
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February 25, 2014, 01:17:59 PM |
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Mat you need to sell your coins NOW, $300 in 5 hours. Chinese Art of War, This is the last stand, The Dragon cannot prevail, The Eagle will kill all when he awakens.
What the hell you talking about? All the action in Bitcoin seems to correlate to the dragon's waking, working, and wanking hours, not the eagles. |
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