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Ivanhoe
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April 12, 2014, 04:33:39 PM |
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Interesting poll results, especially when you know that the majority is always wrong...
Keep in mind that this is a bitcoin forum. People are generally bullish on bitcoin here. Imagine the same poll on yahoo.finance for example. Do you think we get the same results? How does surveying people who are not invested in bitcoin help the thread's cause? That being said, I think the results are indeed a bit skewed, no matter what, since everyone here is a long-term bitbull. It does not. I'm saying that the majority now would not be the majority if you asked the same question in a different audience. So the 'majority' may not be wrong this time. Follow me? |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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April 12, 2014, 04:38:03 PM |
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EDIT: And thanks for the charts, I hadn't noticed today's green candle has as much volume as yesterday's red one, which makes it different from the previous bottoms you are comparing it to.  because past bottoms in the current downtrend we terminated by seller exhaustion. this was terminated by bullish events. |
Give a man a fish and he eats for a day. Give a man a Poisson distribution and he eats at random times independent of one another, at a constant known rate.
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hellscabane
Legendary
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Activity: 896
Merit: 1000
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April 12, 2014, 05:01:19 PM |
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I wouldn't be surprised if we dip once more to the ~300 range. I still don't think the ride is over in the short-term yet. Heck, I look at an exponential price chart and even 250 looks reasonable.
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igorr
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April 12, 2014, 05:13:09 PM |
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ZERO soon |
Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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jparsley
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April 12, 2014, 07:52:39 PM |
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How long did price stay @ 350
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please unban me.
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devphp
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April 12, 2014, 07:57:39 PM |
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I wouldn't be surprised if we dip once more to the ~300 range. I still don't think the ride is over in the short-term yet. Heck, I look at an exponential price chart and even 250 looks reasonable.
I tend to agree. |
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galbros
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Activity: 1022
Merit: 1000
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April 12, 2014, 10:28:50 PM |
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While I hope this is the final bottom there is no way to know, I imagine there is still some bad news to come for bitcoin. However, the rally off the bottom is encouraging.
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Bitcoin_is_here_to_stay
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April 12, 2014, 10:38:09 PM |
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For posterity: I do not think it was a final bottom and have not started buying yet.
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devphp
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April 13, 2014, 05:42:36 AM |
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For posterity: I do not think it was a final bottom and have not started buying yet.
Wow, you sure do have hard balls and patience of steel there. |
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chessnut
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Activity: 924
Merit: 1001
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April 13, 2014, 06:14:58 AM |
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350 was a blessing. bottom or no, how could anyone pass up such an opportunity?
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oda.krell (OP)
Legendary
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Activity: 1470
Merit: 1007
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April 13, 2014, 01:59:46 PM |
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350 was a blessing. bottom or no, how could anyone pass up such an opportunity?
That only makes sense from the perspective of a certain type of investor: a) unwilling to trade often (i.e. mostly buy & hold style), and b) completely convinced of the long-term success of Bitcoin. I'm relatively agnostic right now about whether that was the final bottom or not (although I'm leaning towards 'not'), but to answer your question, "how could anyone pass up such an opportunity": those who believe BTC/USD is still in for a longer decline before it can go up again, and who are at the same time not interested in making a quick profit by trading the immediate retracement after the (local) bottom. |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 13, 2014, 02:26:10 PM |
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We will be below 400 soon I think
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igorr
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April 13, 2014, 02:33:46 PM |
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340 usd is just begin, it go to zero !
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Cлaвьcя, Oтeчecтвo нaшe cвoбoднoe,
Бpaтcкиx нapoдoв coюз вeкoвoй,
Пpeдкaми дaннaя мyдpocть нapoднaя!
Cлaвьcя, cтpaнa! Mы гopдимcя тoбoй!
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cech4204a
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April 13, 2014, 02:40:51 PM |
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340 usd is just begin, it go to zero !
i'm sure it will never reach zero, but zeros might be part of the number, yes. |
Bitcoin is DEAD
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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April 13, 2014, 04:11:50 PM |
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We will be below 400 soon I think
here we go  knocking at 400 |
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hellscabane
Legendary
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Activity: 896
Merit: 1000
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April 14, 2014, 02:15:04 AM |
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We will be below 400 soon I think
here we go knocking at 400 I think we're going to be kissing that "floor" for a while. Although, I wouldn't be surprised if there is another piece of news that causes the price to flash to around 300 at some point. But I think within a month we'll be steadily climbing again with a stable rising floor. |
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exocytosis
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April 14, 2014, 03:42:14 AM |
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Sub 100 prices are coming soon, due to more bad news.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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April 14, 2014, 03:47:00 AM |
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We will be below 400 soon I think
here we go knocking at 400 Time for that recovery since most people have been shaken out who want to sell by now |
Believing in Bitcoins and it's ability to change the world
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serenitys
Full Member
Offline
Activity: 126
Merit: 101
Be Here Now
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April 14, 2014, 04:17:48 AM |
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Don't throw things but I have to admit that I'd really like it if it'd drop down to like 50 bucks for about 2 weeks...so I can load up cheap, and *then* launch upwards for the next year or two... Can't help it. Just 2 weeks or so...  |
You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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April 14, 2014, 12:52:44 PM |
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Don't throw things but I have to admit that I'd really like it if it'd drop down to like 50 bucks for about 2 weeks...so I can load up cheap, and *then* launch upwards for the next year or two... Can't help it. Just 2 weeks or so... adjust your definition of cheap - that was anything below $500. or sit there for the rest of your life, waiting for 50, your choice... |
i am satoshi
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