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Author Topic: Calling the Bottom  (Read 4064 times)
RyNinDaCleM
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February 19, 2012, 03:53:36 AM
 #21

Looking at the long term charts in detail I'm beginning to wonder if in fact we have hit the bottom...hmmm...

Selling pressure has dropped significantly. Though I would not discount another large sell or two either.

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February 19, 2012, 05:03:20 AM
 #22

Looking at the long term charts in detail I'm beginning to wonder if in fact we have hit the bottom...hmmm...

Selling pressure has dropped significantly. Though I would not discount another large sell or two either.

Yea Im thinking along the lines of another bounce or 2 off the bottom (assuming we've hit the bottom).

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February 19, 2012, 05:13:17 AM
 #23

The new Bitcoinica interest rate indicator is showing they have enough USD reserves now. It is quite possible we are at the bottom and those with shorts from $6 will be liquidating soon.
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February 19, 2012, 08:27:58 AM
 #24

$4.21 'wall' has gone..

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Crypt_Current
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February 19, 2012, 09:28:04 AM
 #25

It's not bottom yet.

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February 19, 2012, 10:16:45 AM
 #26

I know that if it goes lower, I have money ready to invest. So maybe I'm generalizing.
Anyone in the same case?
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February 19, 2012, 11:53:40 AM
 #27

$4.21 'wall' has gone..

didnt really notice it much myself.  the resistance between 4 - 4.20?

anyway, i bought back in at 4.22 about 10 minutes ago

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
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February 20, 2012, 06:06:16 AM
 #28

I know that if it goes lower, I have money ready to invest. So maybe I'm generalizing.
Anyone in the same case?
Ditto.  When the price is $2, buy $2000 worth for 1000 BTC, wait till price is $10, sell for $10,000.  The price sways up and down often enough to be reliably unstable and there is so much money to be made in this system.

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February 20, 2012, 06:24:45 AM
 #29

I know that if it goes lower, I have money ready to invest. So maybe I'm generalizing.
Anyone in the same case?

I also have some money sitting in couple of exchanges, along with bitcoins.
And some more money in transit via dwolla.
Whichever way the market goes, they are ready to be traded Smiley

Blitz­
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February 20, 2012, 10:31:01 AM
 #30

Bullish ones. Smiley

Ah I see. Ok, lets return to this thread in oh..a few days or so (or after the weekend even  Grin)
OK, here I am.

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SlaveInDebt
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February 20, 2012, 12:58:32 PM
 #31

Looks more like up in the near future. Then down down down  Wink

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zby
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February 20, 2012, 01:55:56 PM
 #32

Looks more like up in the near future. Then down down down  Wink
My bet is on down, bounce back from about 4.2, reach the resistance line around 4.4 forming a triangle and then down, down, down Smiley
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February 20, 2012, 03:12:08 PM
 #33

Looks more like up in the near future. Then down down down  Wink
My bet is on down, bounce back from about 4.2, reach the resistance line around 4.4 forming a triangle and then down, down, down Smiley

Do you think it will ever go up above $5 again?
SlaveInDebt
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February 20, 2012, 03:21:21 PM
 #34

Looks more like up in the near future. Then down down down  Wink
My bet is on down, bounce back from about 4.2, reach the resistance line around 4.4 forming a triangle and then down, down, down Smiley

Do you think it will ever go up above $5 again?

That happens after the third down  Cheesy

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
ineededausername
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February 20, 2012, 03:21:56 PM
 #35

Looks more like up in the near future. Then down down down  Wink
My bet is on down, bounce back from about 4.2, reach the resistance line around 4.4 forming a triangle and then down, down, down Smiley

Do you think it will ever go up above $5 again?

Wow, again, proudhon?  Your last prediction about $5 almost failed.

(BFL)^2 < 0
proudhon
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February 20, 2012, 04:27:04 PM
 #36

Looks more like up in the near future. Then down down down  Wink
My bet is on down, bounce back from about 4.2, reach the resistance line around 4.4 forming a triangle and then down, down, down Smiley

Do you think it will ever go up above $5 again?

Wow, again, proudhon?  Your last prediction about $5 almost failed.

Almost.
Oldminer
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February 20, 2012, 07:22:07 PM
 #37

Looks more like up in the near future. Then down down down  Wink

Yea

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February 20, 2012, 07:34:45 PM
 #38

Hit something hard... http://www.youtube.com/watch?v=QC0yfREBxWw

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February 21, 2012, 05:44:33 PM
 #39

I aspire to almost fail repeatedly
zvs
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February 23, 2012, 08:44:30 AM
 #40

$4.21 'wall' has gone..

didnt really notice it much myself.  the resistance between 4 - 4.20?

anyway, i bought back in at 4.22 about 10 minutes ago

i win?

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
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