|
StewartJ (OP)
|
 |
January 16, 2012, 09:39:04 PM |
|
What do you think folks?
|
|
|
|
|
|
|
|
|
|
|
|
|
|
"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
kjlimo
Legendary
 Offline
Activity: 2086
Merit: 1031
|
|
January 16, 2012, 09:41:07 PM |
|
define a "support price"
|
|
|
|
jojo69
Legendary
Offline
Activity: 3150
Merit: 4303
diamond-handed zealot
|
|
January 16, 2012, 09:44:31 PM |
|
hard bounce off 6.52
up we go
|
This is not some pseudoeconomic post-modern Libertarian cult, it's an un-led, crowd-sourced mega startup organized around mutual self-interest where problems, whether of the theoretical or purely practical variety, are treated as temporary and, ultimately, solvable.
Censorship of e-gold was easy. Censorship of Bitcoin will be… entertaining.
|
|
|
zby
Legendary
Offline
Activity: 1592
Merit: 1001
|
|
January 16, 2012, 09:48:24 PM |
|
How about retracting 50% of the rally since $2?
|
|
|
|
|
|
StewartJ (OP)
|
|
January 16, 2012, 09:52:10 PM |
|
define a "support price"
The point where we march back up to $7 again. Was $6.25 a few days ago, $6.10 a week ago. |
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
January 16, 2012, 09:54:45 PM |
|
Loaded question is loaded.
|
|
|
|
Otoh
Donator
Legendary
Offline
Activity: 3024
Merit: 1105
|
|
January 16, 2012, 10:08:50 PM |
|
'Advance, and never halt, for advancing is perfection. Advance and do not fear the thorns in the path, for they draw only corrupt blood.' So said one of my favourite poets Kahlil Gibran.  edit: thorns = spikes down edit 2: corrupt blood = peeps who have over done their leveraged longs on Bitcoinica with insufficient margin |
|
|
|
|
StewartJ (OP)
|
|
January 16, 2012, 10:20:55 PM |
|
'Advance, and never halt, for advancing is perfection. Advance and do not fear the thorns in the path, for they draw only corrupt blood.' So said one of my favourite poets Kahlil Gibran. edit: thorns = spikes down edit 2: corrupt blood = peeps who have over done their leveraged longs on Bitcoinica with insufficient margin So... $6.25?  |
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
January 16, 2012, 10:31:57 PM |
|
if we get below 6 there can be many forced liquidations So you didn't fully liquidate your short yet? I hope you at least deleveraged a little. |
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
January 16, 2012, 10:42:03 PM |
|
i let few thousands just in case i can get a better position
Good move. |
|
|
|
Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
|
|
January 16, 2012, 10:55:01 PM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
|
|
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
January 16, 2012, 10:59:53 PM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
I'm not sure about a crash, but a correction was certainly due. When people are running around the forums shouting 'only way is up' and 'look out $8, here we come!' in unison then you know something is wrong. Too many people are on one side of the trade. It's like the market knows how and when to effectively slap down the hubris. |
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
January 16, 2012, 11:07:29 PM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
I'm not sure about a crash, but a correction was certainly due. When people are running around the forums shouting 'only way is up' and 'look out $8, here we come!' in unison then you know something is wrong. Too many people are on one side of the trade. It's like the market knows some people know how and when to effectively slap down the hubris. FTFY The market knows nothing. The market slaps nothing. Market participants know things. Market participants slap things. |
|
|
|
Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
|
|
January 16, 2012, 11:16:22 PM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
I'm not sure about a crash, but a correction was certainly due. When people are running around the forums shouting 'only way is up' and 'look out $8, here we come!' in unison then you know something is wrong. Too many people are on one side of the trade. It's like the market knows some people know how and when to effectively slap down the hubris. FTFY The market knows nothing. The market slaps nothing. Market participants know things. Market participants slap things. The market is a generic term to describe the actions of the participants. To describe actions of the market as the actions of a collective of individuals is bordering on tautology. |
|
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
January 16, 2012, 11:18:46 PM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
I'm not sure about a crash, but a correction was certainly due. When people are running around the forums shouting 'only way is up' and 'look out $8, here we come!' in unison then you know something is wrong. Too many people are on one side of the trade. It's like the market knows some people know how and when to effectively slap down the hubris. FTFY The market knows nothing. The market slaps nothing. Market participants know things. Market participants slap things. The market is a generic term to describe the actions of the participants. To describe actions of the market as the actions of a collective of individuals is bordering on tautology. But the way I said it doesn't imply some magical force. |
|
|
|
Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
|
|
January 17, 2012, 01:04:20 AM |
|
The Invisible Hand does have something of a magical force, and it can unintentionally slap people.
Say there's a mania of some commodity, and the price goes extremely high. Someone just randomly coming to the market and selling can already punish it. Other people may just not buy because it's too expensive for them now, switching to something else without much further thought.
Afterward, there has been nobody who intentionally slapped the maniacs, yet they got slapped. The market did it. That's the beauty of it, and it's not entirely wrong to hint at that in the wording.
|
|
|
|
|
|
Crypt_Current
|
|
January 17, 2012, 03:12:58 AM |
|
Normally, the short-term price curve should look like a random walk. That said, a vast majority being certain the price cannot drop is excessively bullish.
And every time I see excessive bullishness, I think it's time for a crash. A market in which more than half of the people take "up!" as the only answer to speculation isn't too healthy.
I'm not sure about a crash, but a correction was certainly due. When people are running around the forums shouting 'only way is up' and 'look out $8, here we come!' in unison then you know something is wrong. Too many people are on one side of the trade. It's like the market knows some people know how and when to effectively slap down the hubris. FTFY The market knows nothing. The market slaps nothing. Market participants know things. Market participants slap things. The market is a generic term to describe the actions of the participants. To describe actions of the market as the actions of a collective of individuals is bordering on tautology. But the way I said it doesn't imply some magical force. LOL such as astrology? Sorry, I had to. |
|
|
|
|
Poll
