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Author Topic: It's that time again! Rally is coming soon :)  (Read 3510 times)
TattleCoin
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October 28, 2011, 01:12:16 AM
 #1

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/

Owner and writer for TattleCoin. If you wish to help report on Bitcoin please PM me.
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Dan The Man
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October 28, 2011, 01:15:40 AM
 #2

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/

You're a bit late, the "rally" is almost ready to start winding down.

TattleCoin
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October 28, 2011, 01:18:25 AM
 #3

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/

You're a bit late, the "rally" is almost ready to start winding down.
The rally won't begin for at least two weeks.

Owner and writer for TattleCoin. If you wish to help report on Bitcoin please PM me.
cypherdoc
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October 28, 2011, 01:18:29 AM
 #4

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/

You're a bit late, the "rally" is almost ready to start winding down.

would you stop guessing?
ElectricMucus
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October 28, 2011, 01:19:06 AM
 #5

Are we there yet?

No.

Are we there yet?

No.

Are we there yet?

No.

Are we there yet?

No.

Are we there yet?

No.

Are we there yet?

No.

Are we there yet?

No.


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Dan The Man
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October 28, 2011, 01:23:47 AM
 #6

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/

You're a bit late, the "rally" is almost ready to start winding down.

would you stop guessing?

Really? You're one to talk.

Cluster2k
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October 28, 2011, 01:31:05 AM
 #7

$3.25 peak, already down to $2.95.  Almost 10% off already.  I hope people enjoyed the rush.

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October 28, 2011, 01:40:33 AM
 #8

I feel really good about this  Grin.

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ineededausername
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October 28, 2011, 02:02:04 AM
 #9

The crash was simply someone cashing out.  The rally may or may not continue.  For it not to continue, we need actual constant selling pressure.

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October 28, 2011, 02:51:31 AM
 #10

The crash was simply someone cashing out.  The rally may or may not continue.  For it not to continue, we need actual constant selling pressure.

One of the problems I have with selling (which I could now do at a profit...finally) is that I am not sure I could get back in again if I wanted to.

I could see all manner of hassles cropping up for the exchanges and they having no real alternative but to shutter their doors at any time.  Put the right kind of injunction in place, and a little pressure on the right judge or regulator, and we could have a pretty tight lockdown.

I've no idea if this bothers any other potential sellers or not of course.

notme
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October 28, 2011, 03:37:53 AM
 #11

Supply is way down.... bitcoin.sipa.be

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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ElectricMucus
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October 28, 2011, 05:03:37 PM
 #12

Supply is way down.... bitcoin.sipa.be
Actually it's up, if you look at it this way. More coins for individual miners means more overall coins would hit the market since everybody has some imaginary figure in his head of what to keep which isn't likely to change very rapidly. Of course a lagging difficulty adjustment would in fact release less coins over the same time period which you are right decrease supply temporally.

I think both effects compensate each other more or less and that said, the coins having the most influence on the market are old coins, cuz they are more.

damn, I need to stop posting on this forum people are way to obsessed with prices it has become everything... all hell would break loose if that aspect of bitcoin would start to become irrelevant.

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.
skilo
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October 29, 2011, 11:39:33 PM
 #13

The miners are the speculators that bring the market down. Probably the reason why its at $3 now instead of $20.

Some large pool probably just decided to cash out then bam a wave of straight selling hits eventually driving the price down to peanuts.

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mobodick
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October 31, 2011, 01:11:46 PM
 #14

Are we set for another rally after the European Conference?
I certainly think so.
I'd hold onto any coins you can get your grubby little hands on. Wink

-Wolf

http://tattlecoin.com/2011/rumor-bitcoin-set-huge-price-jump/
from your link:
"Remember that price bump I predicted back before the NYC Bitcoin Conference? Get ready for that bump’s big brother."

You predicted nothing.
There was no real price bump caused by the NY conference and it went downhill from there.
There was a small rally between 19 and 20 aug. but that price difference doesn't even cover commision.
There was a collapse a few weeks before that conference from $14 to $11 and our market didn't recover from that by the time the conference 'bump' happened.
After that it all went downwards and we are now at around $3.
You , sir , are  full  of  it.

dancupid
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October 31, 2011, 01:24:55 PM
 #15

$3.25 peak, already down to $2.95.  Almost 10% off already.  I hope people enjoyed the rush.

10% change in price is totally normal for bitcoin - the current trend still looks promising - $3 didn't break today (so far), which looks to be the bottom of the current trend.

ElectricMucus
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October 31, 2011, 01:44:20 PM
 #16

How nice of you to crop it so you can't see the bear trendline before it.

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dancupid
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October 31, 2011, 01:58:47 PM
 #17

How nice of you to crop it so you can't see the bear trendline before it.

The long term bear trend line is broken by this bull trend for the first time since July (hence the rally).
Also this just happens to be the current trend - it may fail - at which point I will sell. I'm not suggesting the trend lines won't be broken - but it seems a reasonable guide for the short term.
cypherdoc
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October 31, 2011, 02:04:52 PM
 #18

How nice of you to crop it so you can't see the bear trendline before it.

The long term bear trend line is broken by this bull trend for the first time since July (hence the rally).
Also this just happens to be the current trend - it may fail - at which point I will sell. I'm not suggesting the trend lines won't be broken - but it seems a reasonable guide for the short term.

don't worry, he only sees what he wants to.
dancupid
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October 31, 2011, 02:13:53 PM
 #19

How nice of you to crop it so you can't see the bear trendline before it.

The long term bear trend line is broken by this bull trend for the first time since July (hence the rally).
Also this just happens to be the current trend - it may fail - at which point I will sell. I'm not suggesting the trend lines won't be broken - but it seems a reasonable guide for the short term.

don't worry, he only sees what he wants to.

I have to have some device to make a buy/sell decision. There is a trend and that's the only information I have - it looks ok so I buy - it looks bad so I sell. What do other people do? Buy when the trend is obviously down?
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October 31, 2011, 02:14:23 PM
 #20

How nice of you to crop it so you can't see the bear trendline before it.

The long term bear trend line is broken by this bull trend for the first time since July (hence the rally).
Also this just happens to be the current trend - it may fail - at which point I will sell. I'm not suggesting the trend lines won't be broken - but it seems a reasonable guide for the short term.

don't worry, he only sees what he wants to.

That's wrong. I am just cautious.
If that were the case I wouldn't even bothered with a reply.

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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