NamelessOne
Legendary
 Offline
Activity: 840
Merit: 1000
|
 |
January 07, 2012, 06:03:59 AM |
|
Yes indeed, I think many of those on here are expecting such a correction and it is a good idea to remind people of that. But there are been a steady growth for coming on two months before the crazyness of the last couple days. Things are looking better then they have in a long time.
|
|
|
|
|
bitcoinBull
Legendary
Offline
Activity: 826
Merit: 1001
rippleFanatic
|
|
January 07, 2012, 11:30:19 AM |
|
As much as the bulls enjoy this extreme rally over the last couple days, I'm sad to say it's not real. The large purchases were made by shorts leveraging to the max and with a steady move upwards a single large purchase caused the well known "Extreme Spread" on Bitcoinica to squeeze our shorts and domino into an all out panic. So, the shorts did what they do best and went short again and this time the bulls had the momentum to keep buying and squeezed them out for a second round.
I think you're right. Better get short again.  |
College of Bucking Bulls Knowledge
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
January 07, 2012, 11:37:03 AM |
|
Market is taking a breather at the moment. Someone, go buy or dump a whole lot of bitcoins so that others may follow your cue  |
|
|
|
|
|
BTCurious
|
|
January 07, 2012, 12:21:37 PM |
|
As much as the bulls enjoy this extreme rally over the last couple days, I'm sad to say it's not real. The large purchases were made by shorts leveraging to the max and with a steady move upwards a single large purchase caused the well known "Extreme Spread" on Bitcoinica to squeeze our shorts and domino into an all out panic. So, the shorts did what they do best and went short again and this time the bulls had the momentum to keep buying and squeezed them out for a second round.
Like all of you I wish nothing more than a steady move up to the "dreamy" rates where we can all sit back and talk about the good old days when Luke-jr attacked the scam coins and Astana forgetting to log out of his fake accounts. They'll come in time but until then we're going to see a major correction soon when the market goes "Why the hell are we this high so fast.".
Ok, I'm done, who gets the mic next?
-pirate
Okay, say your "fake rally" scenario is true. We will retrace to 4, maybe even 3. People will see that, and think, ah, see, 3 was the proper baseline after all. That would create confidence, and confidence drives the price up. The bull scenario is: The price is going up. Either case, the price would go up. To be fair, in your scenario it could then go up to 5, which would make it overbought right now, but not as much as some people think. Is there a flaw in my reasoning? |
|
|
|
|
buttcoin
|
|
January 07, 2012, 04:50:38 PM |
|
Wait, buttcoin is back!?  I never really left, just not much been interesting lately. Also, we live like 5 miles from each other, we should hang out some time and ride the go-kart track. |
|
|
|
|
StewartJ
|
|
January 07, 2012, 05:44:55 PM |
|
Market is taking a breather at the moment. Someone, go buy or dump a whole lot of bitcoins so that others may follow your cue I like the breather. Time for reflection and ponder the future. |
|
|
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
|
January 11, 2012, 09:56:00 AM |
|
The breather is apparently over. We're back in heavy rally mode, $7 about to break very soon for the second time. Hold on to your seats.
|
Denarium closing sale discounts now up to 43%! Check out our products from here! |
|
|
Technomage
Legendary
Offline
Activity: 2184
Merit: 1056
Affordable Physical Bitcoins - Denarium.com
|
|
January 11, 2012, 12:23:08 PM |
|
Touched $6.95, break of $7 is imminent. Only $45k to go.
|
Denarium closing sale discounts now up to 43%! Check out our products from here! |
|
|
|
ineededausername
|
|
January 11, 2012, 01:34:42 PM |
|
And there you see how resilient the price is  |
(BFL)^2 < 0
|
|
|
|
|
RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
|
|
January 11, 2012, 02:02:09 PM |
|
ate my peas and got back in, test 7.2 for sure, the order book goes horizontal, this could be it
I'm waiting for $7.2 to get back in (fully). If that's the resistance, I'm pushing there! Let's see if we can get over this hurdle. |
|
|
|
|
legitnick
|
|
January 11, 2012, 02:05:27 PM |
|
Just the tip.
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
January 11, 2012, 02:05:55 PM |
|
ate my peas and got back in, test 7.2 for sure, the order book goes horizontal, this could be it
I'm waiting for $7.2 to get back in (fully). If that's the resistance, I'm pushing there! Let's see if we can get over this hurdle. I thank you for doing this! |
|
|
|
|
NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
|
|
January 11, 2012, 02:09:56 PM |
|
Wow! 7.13!!!
|
|
|
|
|
|
waspoza
|
|
January 11, 2012, 02:13:50 PM |
|
Wow! 7.13!!!
 |
|
|
|
|
|
StewartJ
|
|
January 11, 2012, 02:52:03 PM
Last edit: January 11, 2012, 03:07:06 PM by StewartJ |
|
Went back in early this morning, after which I turned on Jessi's Magical Bitcoin Alert Tool, and went back under the covers for 3 hours. (hoping not to hear the growl of the bear, but the sound of the bulls!!)
Opened the laptop lid to be pleasantly surprised to find us now at $7.06 and still climbing.
|
|
|
|
|
cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
January 11, 2012, 03:09:33 PM |
|
Went back in early this morning, after which I turned on Jessi's Magical Bitcoin Alert Tool, and went back under the covers for 3 hours. (hoping not to hear the growl of the bear, but the sound of the bulls!!)
Opened the laptop lid to be pleasantly surprised to find us now at $7.06 and still climbing.
Top of the mornin'! Did you get any sleep with our new Tool? |
|
|
|
|
|
StewartJ
|
|
January 11, 2012, 03:14:52 PM |
|
Went back in early this morning, after which I turned on Jessi's Magical Bitcoin Alert Tool, and went back under the covers for 3 hours. (hoping not to hear the growl of the bear, but the sound of the bulls!!)
Opened the laptop lid to be pleasantly surprised to find us now at $7.06 and still climbing.
Top of the mornin'! Did you get any sleep with our new Tool? Yes to some extent. But only because I sold my position before going to bed this evening, as the tool is still being perfected. Woke up super early, bought in again, turned the Alarm tool on and it seems near perfect now, and went back to bed. Happy to see us still on the march upward! How about you? |
|
|
|
|
1862
Newbie
Offline
Activity: 65
Merit: 0
|
|
January 11, 2012, 03:16:26 PM |
|
|
|
|
|
|
cypherdoc
Legendary
Offline
Activity: 1764
Merit: 1002
|
|
January 11, 2012, 03:17:47 PM |
|
Went back in early this morning, after which I turned on Jessi's Magical Bitcoin Alert Tool, and went back under the covers for 3 hours. (hoping not to hear the growl of the bear, but the sound of the bulls!!)
Opened the laptop lid to be pleasantly surprised to find us now at $7.06 and still climbing.
Top of the mornin'! Did you get any sleep with our new Tool? Yes to some extent. But only because I sold my position before going to bed this evening, as the tool is still being perfected. Woke up super early, bought in again, turned the Alarm tool on and it seems near perfect now, and went back to bed. Happy to see us still on the march upward! How about you? to be honest i didn't use the tool. i just roll over and check my Android when i wake up and get curious. i'm all in and not a day trader. some of the best ramps occur in the middle of the nite. since i believe in Bitcoins long term future, the little swings don't bother me. the alarm makes for a fun toy though!! |
|
|
|
|
|
