Bitcoin Forum
April 20, 2014, 08:15:59 AM *
News: Due to the OpenSSL heartbleed bug, changing your forum password is recommended.
 
   Home   Help Search Donate Login Register  
Poll
Question: What is our New Support Price, Before We March Back Up to $7 Again?
Below $5 - 10 (12.8%)
$5.80 - 3 (3.8%)
$6.10 - 5 (6.4%)
$6.25 - 10 (12.8%)
Already Hit It at $6.50 - 45 (57.7%)
Don't Know - 5 (6.4%)
Total Voters: 77

Pages: [1]
  Print  
Author Topic: New Support Price, Before We March Back Up?  (Read 1122 times)
StewartJ
Sr. Member
****
Offline Offline

Activity: 336



View Profile

Ignore
January 16, 2012, 09:39:04 PM
 #1

What do you think folks?

Learn about MASTERCOIN a special Bitcoin, with a protocol for enhanced transactions!
The New Paradigm: BTC = Gold | LTC = Silver | MSC = Diamond
BTC Tipjar: 17Ez2NWvxZv7UqER99W6SNBKDgG4ZZY1Zc
1397981759
Hero Member
*
Offline Offline

Posts: 1397981759

View Profile Personal Message (Offline)

Ignore
1397981759
Reply with quote  #2

1397981759
Report to moderator
1397981759
Hero Member
*
Offline Offline

Posts: 1397981759

View Profile Personal Message (Offline)

Ignore
1397981759
Reply with quote  #2

1397981759
Report to moderator

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1397981759
Hero Member
*
Offline Offline

Posts: 1397981759

View Profile Personal Message (Offline)

Ignore
1397981759
Reply with quote  #2

1397981759
Report to moderator
1397981759
Hero Member
*
Offline Offline

Posts: 1397981759

View Profile Personal Message (Offline)

Ignore
1397981759
Reply with quote  #2

1397981759
Report to moderator
kjlimo
Hero Member
*****
Offline Offline

Activity: 966


View Profile WWW

Ignore
January 16, 2012, 09:41:07 PM
 #2

define a "support price"

KnC Miner for the fastest mining hardware available!
CampBX for buying BTCs, Coinbase for selling BTCs or Vircurex or Cryptsy for trading alternate cryptocurrencies
Bitpay to help your business accept bitcoin payments!  Get Free Bitcoins here.
Bitcoin Poker at Seals                  Strike Sapphire Casino  Free games every hour & day!


PM me with any questions on these sites!  Happy to help!
jojo69
Hero Member
*****
Offline Offline

Activity: 672



View Profile

Ignore
January 16, 2012, 09:44:31 PM
 #3

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
Hero Member
*****
Offline Offline

Activity: 1050


View Profile

Ignore
January 16, 2012, 09:48:24 PM
 #4

How about retracting 50% of the rally since $2?
StewartJ
Sr. Member
****
Offline Offline

Activity: 336



View Profile

Ignore
January 16, 2012, 09:52:10 PM
 #5

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.

Learn about MASTERCOIN a special Bitcoin, with a protocol for enhanced transactions!
The New Paradigm: BTC = Gold | LTC = Silver | MSC = Diamond
BTC Tipjar: 17Ez2NWvxZv7UqER99W6SNBKDgG4ZZY1Zc
byronbb
Hero Member
*****
Offline Offline

Activity: 1078


HODL OR DIE


View Profile

Ignore
January 16, 2012, 09:54:45 PM
 #6

Loaded question is loaded.

"The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks."
-- Lord Acton 1877.
Otoh
Donator
Hero Member
*
Online Online

Activity: 1036



View Profile

Ignore
January 16, 2012, 10:08:50 PM
 #7

 '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.  Grin

edit: thorns = spikes down

edit 2: corrupt blood = peeps who have over done their leveraged longs on Bitcoinica with insufficient margin

BTC = $c²     LTC = $c³     BTC = 1otohotohMoQoxHuxLBveQiZcV3Pji3Tc     LTC = LQMHQ6haTzVa2uKkxFAaujEqmzkbHBzt7i     NXT = 9862336831998627827     

BITCOIN: ♦  Just-Dice.com  ♦   ♦  1% House Edge Dice Game  ♦   ♦  Play or Invest  ♦     LITECOIN: INTRO | CLIENT | EXCHANGE | CHARTS | MINING | FORUM | ASTRO | A REPORT ON LTC | NEWS | PRIZES | CHARITY | MY REP | DICE
StewartJ
Sr. Member
****
Offline Offline

Activity: 336



View Profile

Ignore
January 16, 2012, 10:20:55 PM
 #8

'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.  Grin

edit: thorns = spikes down

edit 2: corrupt blood = peeps who have over done their leveraged longs on Bitcoinica with insufficient margin

So...  $6.25?   Smiley

Learn about MASTERCOIN a special Bitcoin, with a protocol for enhanced transactions!
The New Paradigm: BTC = Gold | LTC = Silver | MSC = Diamond
BTC Tipjar: 17Ez2NWvxZv7UqER99W6SNBKDgG4ZZY1Zc
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
January 16, 2012, 10:31:57 PM
 #9

if we get below 6 there can be many forced liquidations  Grin

So you didn't fully liquidate your short yet?  I hope you at least deleveraged a little.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
January 16, 2012, 10:42:03 PM
 #10

i let few thousands just in case i can get a better position

Good move.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Vandroiy
Hero Member
*****
Offline Offline

Activity: 980


View Profile

Ignore
January 16, 2012, 10:55:01 PM
 #11

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
Hero Member
*****
Offline Offline

Activity: 994


View Profile

Ignore
January 16, 2012, 10:59:53 PM
 #12

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.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
January 16, 2012, 11:07:29 PM
 #13

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.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Cluster2k
Hero Member
*****
Offline Offline

Activity: 994


View Profile

Ignore
January 16, 2012, 11:16:22 PM
 #14

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.

Do not send bitcoins to me: 16b8s7pBJ9rUmsExNW25qD5VUqVqRPZuXu
100% solar powered bitcoin generation
notme
Hero Member
*****
Offline Offline

Activity: 938


View Profile

Ignore
January 16, 2012, 11:18:46 PM
 #15

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.

While no idea is perfect, some ideas are useful.
Programmer/Math Nerd
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Vandroiy
Hero Member
*****
Offline Offline

Activity: 980


View Profile

Ignore
January 17, 2012, 01:04:20 AM
 #16

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
Hero Member
*****
Offline Offline

Activity: 686


Shame on everything; regret nothing.


View Profile

Ignore
January 17, 2012, 03:12:58 AM
 #17

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?   Grin  Sorry, I had to.

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!