Soon

[N12]

Surely Bitcoin will crash to and below $1 soon. This "rally" is nothing but a temporary distraction. Just wait.

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[bittenbob]

Care to make a wager with me on that one? I see the massive bidwall has been moved up to 2.90 now. Seriously put some coins on this.. If you are right, I lose not so much and if you are wrong then big win $$$ for me!

If you wont put up than shut up. Put your money where your mouth is.

[ineededausername]

Care to make a wager with me on that one? I see the massive bidwall has been moved up to 2.90 now. Seriously put some coins on this.. If you are right, I lose not so much and if you are wrong then big win $$$ for me!

If you wont put up than shut up. Put your money where your mouth is.

it's called sarcasm

[ElectricMucus]

Soon the irrational bulls will declare victory.

[Vandroiy]

Hey, Blitzboom! Where 'ya been? Lange nicht gesehen!

It's swinging wildly another time, but with all the volume between 2 and 4, I suppose the "crash below 1" panic fans are losing likelihood of "success" as we speak.

3.11 is a personal "depression barrier" for me. It's psychologically an interesting price position, since it's about the point where short-time chartists should not be buying. Before the last big drop, selling above this value has become increasingly heavy. Reaching this shows there are people involved who aren't just in for money from current swings.

And, as I write, it has been broken. 3.12 USD/BTC. If this isn't a sign that people see BTC as more than quick day-trader's money, what is?

[ElectricMucus]

Before the last big drop, selling above this value has become increasingly heavy.

No at this value the price was knocked down by a single large sale.

[phorensic]

proudhon sock puppet?

[ElectricMucus]

Why? I simply stated what happend. No I don't think its gonna go down from here if that's what you think, but I wouldn't bet on a huge rally either.
But yeah the price definitely is going up for another notch if nothing earth shaking happens.

[Technomage]

Once Bitcoiners understand that it is very possible that we'll see double digits and beyond again, many will switch to a buy & hold strategy instead of trying to get quick profits. This will obviously accelerate the uptrend because there will be less selling pressure.

I was forced to do some day trading on the way down because I would've lost too much otherwise, but now I managed to go all-in at $2.3 which is for a long position. I'm not planning on selling anytime soon. This means that I don't really have to care about the price that much and I can focus on other things Bitcoin-related, instead of staring at Mt. Gox Live.

I do have a stoploss if the doom scenario of going below $2 seems imminent and I do also have a gradual sell-off plan if we enter bubble mode again. In fact I encourage everyone to keep selling when the price starts rocketing, sell even a little, please. Bitcoin does NOT need another period of the price overshooting skyhigh and then coming back down like a rock.

[ineededausername]

Once Bitcoiners understand that it is very possible that we'll see double digits and beyond again, many will switch to a buy & hold strategy instead of trying to get quick profits. This will obviously accelerate the uptrend because there will be less selling pressure.

I was forced to do some day trading on the way down because I would've lost too much otherwise, but now I managed to go all-in at $2.3 which is for a long position. I'm not planning on selling anytime soon. This means that I don't really have to care about the price that much and I can focus on other things Bitcoin-related, instead of staring at Mt. Gox Live.

I do have a stoploss if the doom scenario of going below $2 seems imminent and I do also have a gradual sell-off plan if we enter bubble mode again. In fact I encourage everyone to keep selling when the price starts rocketing, sell even a little, please. Bitcoin does NOT need another period of the price overshooting skyhigh and then coming back down like a rock.

+1.  The current situation looks exactly like the price ramps which began in April.  Prepare for takeoff.

[dancupid]

Once Bitcoiners understand that it is very possible that we'll see double digits and beyond again, many will switch to a buy & hold strategy instead of trying to get quick profits. This will obviously accelerate the uptrend because there will be less selling pressure.

I was forced to do some day trading on the way down because I would've lost too much otherwise, but now I managed to go all-in at $2.3 which is for a long position. I'm not planning on selling anytime soon. This means that I don't really have to care about the price that much and I can focus on other things Bitcoin-related, instead of staring at Mt. Gox Live.

I do have a stoploss if the doom scenario of going below $2 seems imminent and I do also have a gradual sell-off plan if we enter bubble mode again. In fact I encourage everyone to keep selling when the price starts rocketing, sell even a little, please. Bitcoin does NOT need another period of the price overshooting skyhigh and then coming back down like a rock.

Yes - it's suddenly an oddly relaxing position to be in. For the last few months I've been wasting my life watching the price like a hawk - but I too bought in the $2.30s (and the $2.50s and then $2.80s) range so now I can relax a little.

[Vandroiy]

Before the last big drop, selling above this value has become increasingly heavy.

No at this value the price was knocked down by a single large sale.

I mean before the last big drop, so something like Nov 1st to Nov 12th. I'm aware there was a massive BTC-flooding of the market afterwards, probably caused by one or two large sellers, initiated by an 50k BTC unlimited sell order. But that was just random, and not what I meant by "heavy selling".

[Crypt_Current]

My pell grant refund is coming any day now, which means more mining equipment.  I'll be doing 2Ghash easy, then it's looooooooong for me. Mine & hold.  Spend some for xmas maybe.  But no USD in between.

[Edward50]

You bulls are something else. Bitcoin rides from $30 to $2, and back up to $3.00. And you guys are all partying. Your only hope is the manipulator. Is he trying to kick start the price again? Or is he going to do his raise the price and pull out, let it drop back down, buy, then raise the price again. Who knows, as he has done this in the past many times. How long will he continue being the main support for the push higher with his bidwalls? Its all up to him, that is the gamble you will have to take. He will try and not be too predictible, so don't expect to try and time his moves.

When the manipulator pulls out of the market, the buying side of bitcoin is rediculously weak. I am talking about 200-500 bitcoins per .05 increment. He is the sole pusher here.

He may be able to support bitcoin to $3.00, but I do not know how long he can support the bitcoin ecomomy at much higher prices.

If you guys were smart you would sell into this stalled rally, and get some money from this guy.

[ElectricMucus]

Before the last big drop, selling above this value has become increasingly heavy.

No at this value the price was knocked down by a single large sale.

I mean before the last big drop, so something like Nov 1st to Nov 12th. I'm aware there was a massive BTC-flooding of the market afterwards, probably caused by one or two large sellers, initiated by an 50k BTC unlimited sell order. But that was just random, and not what I meant by "heavy selling".

Actually that was profit taking from the last dip from the people who realized they missed the rally.

The sediment is that it has to go up in a certain (hyperbolic) way, that hasn't happened yet but once we are there I think the same thing might be upcoming. Idk where it ends this time perhaps  above 4, perhaps not, tomorrow is the day possibly. Lots of selling after that.

If there would be no hyperbolic move we could reach double digits again, but that's something that never happend b4.

[Jonathan Ryan Owens]

I can't wait for it to go to $5. That will be the beginnings of an EPIC short rally.

[proudhon]

Soon...

[ElectricMucus]

Soon...

Do you really believe beginning of the end gonna be tomorrow?

[proudhon]

Soon...

Do you really believe beginning of the end gonna be tomorrow?

No.  The beginning of the end started quite a while ago.

[ElectricMucus]

You know what I mean.