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Author Topic: call an end to the rally  (Read 12010 times)
altoid
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May 10, 2011, 07:28:49 AM
 #21

Ok, my prediction was exceeded by today's spike and my order was filled, but if it falls from here, I will call my prediction accurate.  If not, oops!
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lulzplzkthx
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May 10, 2011, 01:18:37 PM
 #22

I'm guessing this is from the Forbes article?


coined
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May 13, 2011, 06:01:09 PM
 #23

Ok, my prediction was exceeded by today's spike and my order was filled, but if it falls from here, I will call my prediction accurate.  If not, oops!

you still waiting on a drop (which might still happen) to buy back in? or did you take a loss and just buy back higher to be safe?


just curious  Tongue
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May 13, 2011, 07:20:00 PM
 #24

It is my personal opinion that the rally is just getting started (see my sig).

There WILL be a peak, followed by panic selling, followed by wild price swings, possibly followed by higher peaks (or not), and then hopefully the market will reach some level of stability at some price. The final stabilized price is anybody's guess.

Hopefully before the peak, somebody will create a way to short bitcoin, so that people who call the peak can profit from the drop too Smiley

altoid
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May 13, 2011, 09:36:35 PM
 #25

I've still got my buy order down around parity.  The higher it goes at this point, the more likely the drop begins.  It will be interesting to see the shift in tone around here when that happens.  When everyone is doom-and-gloom on bitcoin, time to buy.

That being said, I sure wish I had 12x my money instead of 4x, but oh well, many who think they've 12xed will have lost by the bottom.
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May 13, 2011, 10:45:26 PM
 #26

I've got a buy order for 1 coin at $3.57.

Simply because that's all I have in Mt Gox at the moment, and you can't buy fractions yet Smiley

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May 14, 2011, 04:46:20 AM
 #27

I'm saving everything until at least the end of July.

I should have ~60 BTC by then so I may be able to get a nice profit.

I shorted 3 BTC for $20 earlier, pretty crazy the price is so high all of a sudden.
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May 14, 2011, 07:16:17 AM
 #28

I've still got my buy order down around parity.  The higher it goes at this point, the more likely the drop begins.  It will be interesting to see the shift in tone around here when that happens.  When everyone is doom-and-gloom on bitcoin, time to buy.
I've sold a part of my holdings yesterday so that when the correction comes I at least have my initial investment back. It's still rising, but I don't expect it to go very fast from here and we might see a correction.

Then again, people have been proved wrong before, it might really go to $20 first Tongue

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altoid
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May 14, 2011, 10:00:33 PM
 #29


Then again, people have been proved wrong before, it might really go to $20 first Tongue


markets can literally do ANYTHING, but what is interesting is what is probable.  $20 before a deep correction is possible, but not probable at this point IMHO
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May 14, 2011, 10:08:03 PM
 #30

Top = $8.9
Current price = $7.02
End of rally = $5.96

It's possible we could reach there.  The price dropped rather suddenly and drastically.  Who knows?

Either way, I'm still PLENTY happy with BTC being anywhere over $5.  Even over $3 is ok.
altoid
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May 14, 2011, 11:25:44 PM
 #31

Top = $8.9
Current price = $7.02
End of rally = $5.96

Do you mean "end of correction"?
NghtRppr
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May 14, 2011, 11:27:58 PM
 #32

When everyone is doom-and-gloom on bitcoin, time to buy.

That's exactly why speculators provide a valuable service. They smooth out the market and don't let it drop as low as it would have otherwise.

MIDASBITCOIN
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May 31, 2011, 08:28:26 AM
 #33

Cash out to gold or silver.

we will sell you single 1 ounce silver maple leafs.
http://www.artdesignstore.com/images/mapleleafcoin.jpg

 
altoid
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June 02, 2011, 01:11:23 AM
 #34

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley
mewantsbitcoins
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June 02, 2011, 01:14:58 AM
 #35

I think you'll be buying back the coins at $15-18  Grin
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June 02, 2011, 01:46:19 AM
 #36

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley

Doesn't sound like a good idea to me. Bitcoin is highly unlikely to ever see $1 again.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
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June 02, 2011, 02:35:26 AM
 #37

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley
Hopefully you're right.  I won't purchase btc unless it falls well below $10, otherwise I'll just accept that I was late to the party.   I'll be kicking myself if the value skyrockets though.
Jaime Frontero
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June 02, 2011, 02:35:47 AM
 #38

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley

ok.  good luck.
Terpie
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June 02, 2011, 02:40:20 AM
 #39

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley

Yikes, you do realize every fundamental metric (searches, forum traffic, sourceforge download stats, news mentions, etc.) is going parabolic right now? That doesn't necessarily mean the price will go up, but it is promising.
rlh
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June 02, 2011, 02:42:03 AM
 #40

ok, I was waaaaaay wrong with my last call, but I'm going for it again:

The top is immanent.  An ending diagonal pattern has completed or is near completion.  This is, in Elliott Wave parlance, the 5th wave of the 5 wave sequence that started back in October 2010.  This entire move should be retraced with the most probable bottom coming in around 1 btc = $1.

I've liquidated all of my bitcoins and have $25k sitting in Mt. Gox with a 25k btc order at $1 per btc.

Once the rally renews from there, I can retire...wish me luck Smiley
Hopefully you're right.  I won't purchase btc unless it falls well below $10, otherwise I'll just accept that I was late to the party.   I'll be kicking myself if the value skyrockets though.

Agreed. I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to love with my 5 BTC and be happy. :/

A Personal Quote on BTT from 2011:
"I'd be willing to make a moderate "investment" if the value of the BTC went below $2.00.  Otherwise I'll just have to live with my 5 BTC and be happy. :/"  ...sigh.  If only I knew.
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