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Crypt_Current (OP)
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February 06, 2012, 12:37:03 AM |
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Please don't sell out of panic. Take a deep breath or two. Everything will be fine.
But if you HAVE to sell, well, I know how that is...
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Crypt_Current (OP)
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February 06, 2012, 12:46:59 AM |
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the support is at 5.45
how much will last ?
I don't know, but every attempt to break it has quickly bounced off so far... |
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ineededausername
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February 06, 2012, 12:50:20 AM |
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the support is at 5.45
how much will last ?
I don't know, but every attempt to break it has quickly bounced off so far... that's what it always does before it plunges  |
(BFL)^2 < 0
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teflone
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February 06, 2012, 12:57:14 AM |
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clearly going up mid and long term...  |
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bb113
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February 06, 2012, 12:57:27 AM |
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I don't see what the problem is... Answer this: how can the manipulators make money if they don't draw out the volatile periods?
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arepo
Sr. Member
 Offline
Activity: 448
Merit: 250
this statement is false
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February 06, 2012, 12:59:39 AM |
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i'm starting to smell panic around here...  |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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February 06, 2012, 01:10:47 AM |
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It appears we have two big players with different desires. One of them is trying to keep it above the trend line. The other appears to be so fixated on buying back cheaper he/she/it/they are willing to break though it and cause further panic, disappointment, and risk that the uptrend will not continue. He keeps selling down hard and placing big walls the moment the price starts to climb away. At least it appears this way.
Everyone else in the market... at the moment... seems to happy with the support at 5.4 - 5.5. I hope it stays that way.
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Oldminer
Legendary
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Activity: 1022
Merit: 1001
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February 06, 2012, 01:18:35 AM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 06, 2012, 01:28:17 AM |
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It appears we have two big players with different desires. One of them is trying to keep it above the trend line. The other appears to be so fixated on buying back cheaper he/she/it/they are willing to break though it and cause further panic, disappointment, and risk that the uptrend will not continue. He keeps selling down hard and placing big walls the moment the price starts to climb away. At least it appears this way.
Everyone else in the market... at the moment... seems to happy with the support at 5.4 - 5.5. I hope it stays that way.
Blitzboom and proudhon talking shit on the "94% correction?" thread when price was 5.5 and dropping this morning, probably cause some panic selling.  I suspect these guys did a bad call yesterday and sold short at 5.6, or maybe worst. They were trolling it down like mad fools.... but no matter i believe most of the market to be wise enough to know not to take what people say on this speculation forum to heart and to stick with their own analyst / gut feeling. |
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teflone
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February 06, 2012, 01:40:55 AM |
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weekend decline..
nothing big I think
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 06, 2012, 01:47:56 AM |
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It appears we have two big players with different desires. One of them is trying to keep it above the trend line. The other appears to be so fixated on buying back cheaper he/she/it/they are willing to break though it and cause further panic, disappointment, and risk that the uptrend will not continue. He keeps selling down hard and placing big walls the moment the price starts to climb away. At least it appears this way.
Everyone else in the market... at the moment... seems to happy with the support at 5.4 - 5.5. I hope it stays that way.
Blitzboom and proudhon talking shit on the "94% correction?" thread when price was 5.5 and dropping this morning, probably cause some panic selling. I suspect these guys did a bad call yesterday and sold short at 5.6, or maybe worst. They were trolling it down like mad fools.... but no matter i believe most of the market to be wise enough to know not to take what people say on this speculation forum to heart and to stick with their own analyst / gut feeling. I'm flattered, but I doubt blitzboom or I had anything to do with today's price movements, and I doubt we will have anything to do with future price movements. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 06, 2012, 01:53:09 AM |
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@proudhon the new avatar is that because recent price stagnation ?
My avatar is a market sentiment indicator.  |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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February 06, 2012, 01:55:15 AM |
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@proudhon the new avatar is that because recent price stagnation ?
My avatar is a market sentiment indicator. I quite enjoy your avatars. |
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Crypt_Current (OP)
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February 06, 2012, 02:04:53 AM |
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@proudhon the new avatar is that because recent price stagnation ?
My avatar is a market sentiment indicator. Let's all trade on it and turn that frown upside down!  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 06, 2012, 02:15:54 AM |
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the past 2 week of trading have been sweet, its as if we are in a tug-of-war both teams are equally strong and both teams have taken some steroids, the rope is about to break their so much tension
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notme
Legendary
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Activity: 1904
Merit: 1002
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February 06, 2012, 02:36:42 AM |
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the past 2 week of trading have been sweet, its as if we are in a tug-of-war both teams are equally strong and both teams have taken some steroids, the rope is about to break their so much tension
But which side will be wise enough to hold their footing as it snaps? |
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gewure
Sr. Member
Offline
Activity: 364
Merit: 250
[#][#][#]
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February 06, 2012, 02:40:37 AM |
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the past 2 week of trading have been sweet, its as if we are in a tug-of-war both teams are equally strong and both teams have taken some steroids, the rope is about to break their so much tension
indeed. i went in bullish and stick to it as before. i will not increase my position due to risk management, but i won't panic sell either on short-term downs and consolidations as long as i see not much reasons for the slow uptrend which started 2-3 months ago to be over yet. |
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legitnick
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February 06, 2012, 03:51:18 AM |
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That damn starfish.
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Luis_GT
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February 06, 2012, 04:09:40 AM |
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Well... I've been holding my USD till this thing stops dropping... and hopefully catch the bounce at a cheap price
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Crypt_Current (OP)
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February 06, 2012, 04:23:03 AM |
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Well... I've been holding my USD till this thing stops dropping... and hopefully catch the bounce at a cheap price
Get 'em while you can |
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