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Poll
Question: Is this $3 floor solid / will it hold?
Yes
No
Maybe/Unsure

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Author Topic: [Poll] Has the $3 Floor Been Solidified?  (Read 2916 times)
ElectricMucus
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December 02, 2011, 03:25:27 AM
 #21

I think if somebody really wanted to have those coins he would have just bought when it was 2, or buy them with several smaller orders.
That wall is just:
bragging
pumping up the price faster than it is healthy
messing with daytraders


Oh btw we are about to test 3.14.. as much for a healthy rise...

Also once he moved his bidwall from 2.625 to 2.90 there was no effect on the price. That seems to lend credibility that we are here to stay.

Oh yes it did.

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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bittenbob
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December 02, 2011, 03:29:39 AM
 #22

That change happened about a day ago and we are in the same range as before. I think anything under $4 is healthy. Anything higher becomes questionable.
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December 02, 2011, 03:38:56 AM
 #23

That change happened about a day ago and we are in the same range as before. I think anything under $4 is healthy. Anything higher becomes questionable.
It's the pace of the rise while allowing for normal market movements, not absolute values.

Oh btw I estimate now that 3 has noteworthy support, at least according to bitcoinca candlestick charts. "hammered in". But that support depends upon the pace of further upside. If we shoot up again in a hyperbolic move we could swing back below it.

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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December 02, 2011, 03:42:58 AM
 #24


It's the pace of the rise while allowing for normal market movements, not absolute values.

Oh btw I estimate now that 3 has noteworthy support, at least according to bitcoinca candlestick charts. "hammered in". But that support depends upon the pace of further upside. If we shoot up again in a hyperbolic move we could swing back below it.


I have not seen or ever used bitcoinica but I am guessing the candlestick charts are much like those on bitcoincharts. I am glad you are on board with the $3 support now though. It has been a hard ride trying to convince you. I am not hoping for a hyperbolic move either... at least not until i get my hands on a significant quantity of bitcoin lol. If we hit $20 again you are probably right about going back down again but if we hit such a parabolic high the new low might still only be $3 or 4. I still think the $3-$4 range is where bitcoins belong though. Only time will tell.

[Add]

Since you and Im sure other skeptics have now changed their minds should I reset the poll? I am considering it.
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December 02, 2011, 05:16:09 AM
 #25

Has the $3 Floor Been Solidified?

Simple answer: No.

It can and its not unlikely that it will go below $3 and down to around $2 in the coming 2-3 months after which it might go further down below $2 google trends are not pointing up.

I dont think we will see any huge rallies to more than $4 since people still have in memory that it went from $4 and below quite quick,
not very long time ago.

But if it can hold around $2-4 a couple of months more I would call it a stable $3 Wink










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BadBear
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December 02, 2011, 05:18:42 AM
 #26

I agree, it's gonna take more than a few days to call a floor.  There is still a rough ride ahead. 

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bittenbob
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December 02, 2011, 05:22:42 AM
 #27

I started this thread within minutes and it has been days. We will see how it pans out with time. I am not guaranteeing this by any means I am just wondering what other peoples take is. That is the purpose of the poll. So guys should I reset it?
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