HorseRider (OP)
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January 13, 2012, 09:35:37 AM |
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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.
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16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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zby
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January 13, 2012, 09:49:09 AM |
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Personally I was waiting for one more rally in this wave before the monthly scale correction ( https://bitcointalk.org/index.php?topic=58515.0) - but it does not seem likely any more. |
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notme
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January 13, 2012, 09:50:16 AM |
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Dive! Dive! Dive!
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FlipPro
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January 13, 2012, 09:53:00 AM |
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FUD
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notme
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January 13, 2012, 09:54:39 AM |
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FUD
Disclaimer: I'm long BTC |
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incraft3817
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January 13, 2012, 10:00:09 AM |
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It's not going to crash but I'm seeing a slow sell off. Back to 2.20 I guess.
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zby
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January 13, 2012, 10:24:39 AM |
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I wonder if there will be another intervention when it drops to 6.4 again.
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Oldminer
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January 13, 2012, 10:26:32 AM |
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Nope, Bitcoin has proven it can weather the worst storm. Just hang in there  |
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notme
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January 13, 2012, 10:28:11 AM |
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Nope, Bitcoin has proven it can weather the worst storm. Just hang in there Yep... Fear is how they will trick you into handing over your coins before we move up. |
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FlipPro
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January 13, 2012, 10:29:39 AM |
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Nope, Bitcoin has proven it can weather the worst storm. Just hang in there Yep... Fear is how they will trick you into handing over your coins before we move up. Yeah these trolls saying prices are going back to 2.25 need to lay off the crack pipe. |
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zby
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January 13, 2012, 10:43:17 AM |
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Nope, Bitcoin has proven it can weather the worst storm. Just hang in there Yep... Fear is how they will trick you into handing over your coins before we move up. Yeah these trolls saying prices are going back to 2.25 need to lay off the crack pipe. How about the middle point between 2 and 7? |
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HorseRider (OP)
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January 13, 2012, 05:59:16 PM |
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Maybe when the The Good Wife show is on air, bitcoin will reach its short-term high and have a huge draw down.
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RodeoX
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The revolution will be monetized!
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January 13, 2012, 06:45:53 PM |
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Up, down, crash, bubble. It's all good. I believe that the fundamentals of bitcoin will provide long term growth. Of course, I could be wrong.
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2weiX
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this space intentionally left blank
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January 13, 2012, 06:46:12 PM |
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got sell limits on bitcoinica every 5 cents from 6.7 to 7.5
see how that goes.
started out with 1 BTC, got me some trading luck. now probably blowing it all.
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Edward50
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January 13, 2012, 06:56:10 PM |
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What I see happens with bitcoin is that someone decided to push the price up higher. This can be done pretty easily in the short term, but after reaching a certain point it becomes significantly more expensive to hold the price at that point. What happens is that this point is reached and nobody wants to pay the price of maintaining at that point, so after a while people just start selling more bitcoins then the manipulators can afford, and the price eventually drops.
You now have a perfert storm, many people who held out selling during the rally up, many people who bought on the way up who want to unload as they see the price starting to fall, basically panic sets in. If I bought anywhere under $5 dollars I would sell right now.
It looks like yesterday there was an atempt to push the price higher, the manipulators were doing their typical expanding bidwalls right below the price of bitcoins, and it stalled.
Remember, the manipulators don't want to be predictible, because they make money from the suckers out there. They may attempt another rally.
However, from my experience from the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we hit bottom and will not look back, bitcoin has never failed to turn lower and hit new lows.
Many people who you will read saying how bitcoin is going to rally higher, and its the best thing since sliced bread etc. These people are your suckers that put money in the manipulators pockets. Remember, the manipulators manipulate to make money here, they need suckers to buy bitcoins and put money into the system.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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SkRRJyTC
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January 13, 2012, 07:03:44 PM |
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However, from my experience from the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we hit bottom and will not look back, bitcoin has never failed to turn lower and hit new lows.
However, from my experience from the rise to $30 and the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we topped out and will not look back, bitcoin has never failed to turn higher and hit new highs. FTFY |
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NamelessOne
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January 13, 2012, 07:06:05 PM |
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Perhaps it has been all manipulators, perhaps not, but why try to ignite a rally in the middle of a sell off/fall like yesterday, and not just smash through the 7.20 resistance when they had the chance?
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notme
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January 13, 2012, 07:08:44 PM |
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Perhaps it has been all manipulators, perhaps not, but why try to ignite a rally in the middle of a sell off/fall like yesterday, and not just smash through the 7.20 resistance when they had the chance?
Yeah... it would only take half a million dollars... assuming you could buy up all the asks before more were placed. I think we will make it through, but it will take at least a few more days, possibly a week. |
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NamelessOne
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January 13, 2012, 07:14:52 PM |
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When it was at 7.20ish the second time it would have taken half a mil to put it to 7.30 -7.35 and simply try to get that momentum going? It didn't look like that to me, but perhaps I was reading something incorrectly. I wasn't suggesting that the 'manipulators' buy everything up to 8.
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Bigpiggy01
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January 13, 2012, 07:31:32 PM |
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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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