Who sold below $550? The $400 bottom is in LOL!!!!

[Cassius]

Incidentally, it's worth noting there's often a dip at the weekends, which could push us firmly under 500 for a while.
Someone else might be able to provide data on what money is waiting to snap up cheap coins at different prices on the exchanges and so where the support might be.

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[southerngentuk]

been waitin 3 days for my tx to coinjar, what an a$$,  keep testing that bottom please !

[GigaCoin]

been waitin 3 days for my tx to coinjar, what an a$$,  keep testing that bottom please !

isn't coinjar owned by a known major bitcoin scammer? why do people still trust these people 

[dragonseer]

been waitin 3 days for my tx to coinjar, what an a$$,  keep testing that bottom please !

isn't coinjar owned by a known major bitcoin scammer? why do people still trust these people 

In Australia the main choice is between coinjar (2% commission from fiat) and btradeaustralia (4.9% commission from fiat). Not too happy either way, might look into sending money overseas to Moolah, anyone done this?

[redwhite037]

I'm hodling myself. But yup, I forsee the 400 mark right around the corner. People have been predicting for some time that April will be the down month for bitcoin. And if enough people believe that, then the market will reflect it. But conversely, enough people still believe strongly in bitcoin for the long-term, so it will definitely rally back to the quadruple digits.

[Cassius]

I'm hodling myself. But yup, I forsee the 400 mark right around the corner. People have been predicting for some time that April will be the down month for bitcoin. And if enough people believe that, then the market will reflect it. But conversely, enough people still believe strongly in bitcoin for the long-term, so it will definitely rally back to the quadruple digits.

Maybe. But I've seen all kinds of crazy predictions for April, July, August (why does May never get a look in?) both up and down. Right now I kind of figure, whatever. Like Billy Currington says, God is great, beer is good, and people are crazy. I'm not prepared to try to predict what a lot of panic buyers/sellers are going to do next and then beat myself up when I get it wrong...

[icey]

The real bottom is around 380-390 IMO. This weekend could get messy

[boumalo]

been waitin 3 days for my tx to coinjar, what an a$$,  keep testing that bottom please !

isn't coinjar owned by a known major bitcoin scammer? why do people still trust these people 

In Australia the main choice is between coinjar (2% commission from fiat) and btradeaustralia (4.9% commission from fiat). Not too happy either way, might look into sending money overseas to Moolah, anyone done this?

2% and 4.9% are their fees before they change the money; they don't give you the same rate that they get so they take an other 1.5-4% there

The receiving bank often take a fee itself, they are bleeding us

[g4c]

New ATH by end of July 2014 here we come.

$5000 by the end of 2014 here we come!

Yup, next up wave imminent, yes might touch $5000 (maybe), then settle down (the next "crash" lol) to $2000 ± $500

[Cassius]

New ATH by end of July 2014 here we come.

$5000 by the end of 2014 here we come!

Yup, next up wave imminent, yes might touch $5000 (maybe), then settle down (the next "crash" lol) to $2000 ± $500

Capitulation is a mixture of panic, despair, and angry, frustrated boredom. We're getting closer.
In my mind, the likelihood that we are truly there is inversely correlated to the number of mentions of phrases like "to da moon", mentions of that irritating train we kept hearing so much about, and so on.
So clearly, we're not quite there yet.

[g4c]

New ATH by end of July 2014 here we come.

$5000 by the end of 2014 here we come!

Yup, next up wave imminent, yes might touch $5000 (maybe), then settle down (the next "crash" lol) to $2000 ± $500

Capitulation is a mixture of panic, despair, and angry, frustrated boredom. We're getting closer.
In my mind, the likelihood that we are truly there is inversely correlated to the number of mentions of phrases like "to da moon", mentions of that irritating train we kept hearing so much about, and so on.
So clearly, we're not quite there yet.

Yes, group emotions and other fluffy stuff play a roll proportional to speculation level (BTC is like >=90% speculative now). With that in mind it maybe more likely to "launch" during warmer happier weather in the northern hemisphere when more optimism abounds. I see some people also chart using moon phase as a side indicator, statistically it appears to help prediction.

So "TO DA MOOOON BRO, KNOMSAYIN" by this summer maybe

[raskul]

delusion.
mass farms will keep selling; in patterns, markets are reactive - not predictive.
we gonna see double figures again.

me? i'm still playing my part.

[g4c]

delusion.

oh.

mass farms will keep selling; in patterns

Very interesting, how have you observed these "patterns", and/or can you show them statistically?

markets are reactive - not predictive.

pow! that sounds like an 80s business guru tagline. awesome!

i consider markets to be chaotic systems involving economics and psychology.

traders try to predict the price movement in order to accrue wealth.

we gonna see double figures again.

we'll have to wait and see.

me? i'm still playing my part.

great.

[EternalWingsofGod]

So any guesses on when the sentiment will change and people will start turning bullish again

[g4c]

So any guesses on when the sentiment will change and people will start turning bullish again

I think people (in general) will start turning bullish after they see a bottom, well after the rise has started.

A few lone whales will start the avalanche, so i guess it's up to them.

I think there's alot of dry powder out there waiting for the bottom.

Charts seem to be tightening as they do before breakout (I'm fairly certain it won't break to the downside).

[porcupine87]

Who sold below $550? The $400 bottom is in LOL!!!!

Haha to the people who sold below 550$ and bought back at 650$

[Taras]

New ATH by end of July 2014 here we come.

I sure would like to believe that...

[Cassius]

So any guesses on when the sentiment will change and people will start turning bullish again

That's the kind of thing you only really know with hindsight.
I'm still trying to digest the China news and the end of the tax year theories, wondering what difference clarity will make after each of those deadlines. (Answer may be none; not sure yet.)
Either way I imagine we'll have a better picture after the weekend, and better still early-mid April.

[royal-casino]

mojito and panna cotta 

[C10H15N]

May have bought too soon at 500-513.  Holding a little in reserve in case we see the mid 400s.

It's taken a while, but I'm actually starting to enjoy this nasty little roller coaster.