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Crypt_Current
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January 13, 2012, 07:37:09 PM
 #21
Quote from: Bigpiggy01 on January 13, 2012, 07:31:32 PM
This just looks like fairly bullish consolidation to me.

As long as it stays in the 6.4-6.8 range (spikes for an hour or two non withstanding) I'm confident that we're going to see another solid up push. With the speed of the rally up to now, a week or two of cooling/consolidating around 6.6 is really just what the doctor ordered for peeps to readjust their mindsets to the fact that bitcoin is a solid investment (for a list reasons much too long to get into in this post).

Especially taking the market behavior over the last couple of days under consideration. Peeps haven't been pouring tons of coins into downspikes like we've seen so much of from July-November. To me at least this is a sign of strength that the market is behaving a lot more maturely following a shaking out of the weaker hands that pussy out at the drop of 4-5k btc.

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January 13, 2012, 07:39:19 PM
 #22
only afraid of the weekend crash  Grin
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January 13, 2012, 07:44:20 PM
 #23
Quote from: Bigpiggy01 on January 13, 2012, 07:31:32 PM
This just looks like fairly bullish consolidation to me.

As long as it stays in the 6.4-6.8 range (spikes for an hour or two non withstanding) I'm confident that we're going to see another solid up push. With the speed of the rally up to now, a week or two of cooling/consolidating around 6.6 is really just what the doctor ordered for peeps to readjust their mindsets to the fact that bitcoin is a solid investment (for a list reasons much too long to get into in this post).

Especially taking the market behavior over the last couple of days under consideration. Peeps haven't been pouring tons of coins into downspikes like we've seen so much of from July-November. To me at least this is a sign of strength that the market is behaving a lot more maturely following a shaking out of the weaker hands that pussy out at the drop of 4-5k btc.

Agreed... Im really surprised we didnt correct down farther/faster already.
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January 13, 2012, 07:48:37 PM
 #24
Quote from: Bigpiggy01 on January 13, 2012, 07:31:32 PM
This just looks like fairly bullish consolidation to me.

As long as it stays in the 6.4-6.8 range (spikes for an hour or two non withstanding) I'm confident that we're going to see another solid up push. With the speed of the rally up to now, a week or two of cooling/consolidating around 6.6 is really just what the doctor ordered for peeps to readjust their mindsets to the fact that bitcoin is a solid investment (for a list reasons much too long to get into in this post).

Especially taking the market behavior over the last couple of days under consideration. Peeps haven't been pouring tons of coins into downspikes like we've seen so much of from July-November. To me at least this is a sign of strength that the market is behaving a lot more maturely following a shaking out of the weaker hands that pussy out at the drop of 4-5k btc.

It has never stayed in such a narrow range for two weeks.
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January 13, 2012, 07:49:28 PM
 #25
Quote from: HorseRider on January 13, 2012, 09:35:37 AM
the mybitcoin hoarder who is going to sell.
Those investors triple their investment in less than 2 month
those investors 15x their investment in less than 2 month on Zhoutong's exchange
they are there

Nobody is afraid of these?
I think there is going to be a small crash for the bitcoin price, though it may be very small.

I'm not fearful; rather, I'd prefer a crash of sorts so I can continue stocking up cheaply.

Truth be told, I'm fearful the price will keep going up and up before I can fully invest. Sad
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