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Author Topic: Bye Bye to sub-$200 cheap coins  (Read 3012 times)
ivyleague1985
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January 16, 2015, 05:58:44 PM
 #1

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.
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pooya87
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January 16, 2015, 06:09:55 PM
 #2

i only hope this recent increase in price is not only a little "jump back"

Dilla
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January 16, 2015, 06:11:15 PM
 #3

I have a feeling this weekend we are either going to plummet to new lows or hit a bull market
ivyleague1985
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January 16, 2015, 06:17:47 PM
 #4

I have a feeling this weekend we are either going to plummet to new lows or hit a bull market

I am pretty sure it will go all the way up.

Just have some faith.
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January 16, 2015, 06:18:13 PM
 #5

Let's pray $160 really was the true bottom.

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bassclef
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January 16, 2015, 06:21:41 PM
 #6

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.

I'm seeing this too. Markets are always searching, or discovering, price levels high and low. It also acts as a tool for big money to test the market for supply during lull periods and pick up more cheap coins.
ronald98
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January 16, 2015, 06:25:53 PM
 #7

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.
ivyleague1985
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January 16, 2015, 06:32:41 PM
 #8

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.
ronald98
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January 16, 2015, 06:51:23 PM
 #9

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

I watched the bear whale sell off and there were initially people putting sell orders a few cents below the whale's. Those people must have regretted it during the rally not long afterwards.
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January 16, 2015, 07:08:20 PM
 #10

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

Those who listened to bears  & sold @$160 have lost $50.  Those who listened to bulls and bought @1200 lost $1,000.  So  ...yeah.
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January 16, 2015, 07:14:48 PM
 #11

It's frightening seeing the price (and your investment) plummet in value, but it's just as frightening selling it and watching bitcoin's price soar in value. I hate having to buy back at a loss. If we suddenly soar this wekend there will be bears buying back at a big loss.

You cannot believe how much people panic sold in the crash. I guess almost all weak hands who bought in 2014 were already shaken out. They must regret to death sooner or later. But that is the sympathetic reality of trading.

Those who listened to bears  & sold @$160 have lost $50.  Those who listened to bulls and bought @1200 lost $1,000.  So  ...yeah.

those who bought above current price, have only one choice

keeps buying
NotLambchop
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January 16, 2015, 07:17:22 PM
 #12

^
No, they can make the smart choice & sell.
3x2
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January 16, 2015, 07:20:14 PM
 #13

^
No, they can make the smart choice & sell.
and then buy later when its cheaper  Tongue Big Risk, People keep buying.

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Nagle
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January 16, 2015, 07:47:28 PM
 #14

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.
It was $300 at the beginning of the month. $270 five days ago. Now we're at $210. The trend is still downward. Dropping all the way to $152 was a momentary crash in the middle of the night, but after the crash, the price was still down $50.
g-unit
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January 16, 2015, 08:34:24 PM
 #15

Exactly. Keep buying to mitigate your losses and lower your break even number. Much smarter than selling like some of these other dipshits.

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DeadCoin
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January 16, 2015, 08:40:58 PM
 #16

Bulls keep lowering their standards  Roll Eyes

https://bitcointalk.org/index.php?topic=338989.msg3635585#msg3635585
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January 16, 2015, 08:47:17 PM
 #17

The difference between a bull and a bear is that a bull doesn't make dumb emotional decisions and rides it out, whereas a bear gets pessimistic and emotional and sells at a loss and then whines.

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Coinshot
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January 16, 2015, 08:49:44 PM
 #18

Bears did three major attacks after the grand crash to $166 (bitfinex).

First tanks the price to $172, second tanks it to $197 and the recent one tanks it to $198.

Strength of the bear attacks are getting weaker and volume of bear attacks is shrinking. In addition, we see higher lows.

We may have to say bye bye to sub-$200 coins. Congrats to those sub-$200 purchases.

Too short time scales. It will keep going below 200.

160 is the mark we should be looking at. If it stays over that for a few weeks, then the bear market is over.


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ivyleague1985
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January 16, 2015, 09:02:43 PM
 #19


Indeed, ivyleague1985, what if you say "Bye Bye to sub-$20 cheap coins" later?

Suggesting a bottom at $800, 700, 600, 500, 400, 300 is an evil.

But when a bottom is formed in $16x and the level of $200 holds after two bear attacks, it is REASONABLE to call a bottom and suggest a buy.

In comparison, suggesting people to short at $800, 700, 600, 500, 400, 300 is wise.

But suggesting people to short from $160-200 to $0 is evil, greedy and scamming.

Making your font BOLD or in RED won't change the fact.

Did you see how spring works in elementary school? Yes, spring compresses and then resilience makes it JUMP. So is the price.

And don't forget, you pay interests to short. Either the price crashes again in short term, or you will continue to pay for it. While, bulls can be much more patient than you, because they pay nothing to keep the coins. Just one spike, they will catch you.

To shake out new buyers who just bought around 160-200, you need to at least push the price to $150 for stop losses and to sub-$100 for another panic sale. Ask yourself, can you achieve that? And how many coins can you borrow to achieve that?

Anyway, good lucks to you, bold font guy.
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January 16, 2015, 09:17:11 PM
 #20

what good news says this is the bottom?

from what I see nothing has fundamentally changed apart from more peeps have been selling expecting lower prices

mining, price and the difficulty will show the way soon Grin
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