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Dan The Man
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October 28, 2011, 01:15:40 AM |
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You're a bit late, the "rally" is almost ready to start winding down. |
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TattleCoin (OP)
Newbie
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Activity: 20
Merit: 0
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October 28, 2011, 01:18:25 AM |
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You're a bit late, the "rally" is almost ready to start winding down. The rally won't begin for at least two weeks. |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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October 28, 2011, 01:18:29 AM |
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You're a bit late, the "rally" is almost ready to start winding down. would you stop guessing? |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 28, 2011, 01:19:06 AM |
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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 |
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You're a bit late, the "rally" is almost ready to start winding down. would you stop guessing? Really? You're one to talk. |
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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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October 28, 2011, 01:31:05 AM |
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$3.25 peak, already down to $2.95. Almost 10% off already. I hope people enjoyed the rush.
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FlipPro
Legendary
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Activity: 1764
Merit: 1015
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October 28, 2011, 01:40:33 AM |
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I feel really good about this  . |
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ineededausername
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October 28, 2011, 02:02:04 AM |
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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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(BFL)^2 < 0
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tvbcof
Legendary
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Activity: 4760
Merit: 1282
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October 28, 2011, 02:51:31 AM |
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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. |
sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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notme
Legendary
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Activity: 1904
Merit: 1002
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October 28, 2011, 03:37:53 AM |
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Supply is way down.... bitcoin.sipa.be
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 28, 2011, 05:03:37 PM |
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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. |
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skilo
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October 29, 2011, 11:39:33 PM |
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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 |
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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. |
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dancupid
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October 31, 2011, 01:24:55 PM |
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$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.  |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 31, 2011, 01:44:20 PM |
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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 |
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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. |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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October 31, 2011, 02:04:52 PM |
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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. |
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dancupid
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October 31, 2011, 02:13:53 PM |
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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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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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October 31, 2011, 02:14:23 PM |
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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. |
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