Topic: : - page 11. (Read 70883 times)
That's a big wall
Keep in mind, most of the support you see there is only to the $4.10 level. Below that the support curve is much shallower. I hope you saved some cash...
Yeah, I did. To buy 7 series GPUs or FPGA miners. So far direct buyers of bitcoin have had their asses handed to them. Those going long through hardware investment have had a much better outcome "long term."
$416 in GPUs -> $700 in cash + $120 in GPUs (assuming $60 per 5830s, going ebay rate after costs. Other 2 were sold weeks ago for a 10% profit). Let's call it doubling my initial investment over 4 months. Although it was really over the first 2 weeks, the last 3 months have been mostly worthless.
Someone is determined to keep the price at $5 give or take 2%.
That or volume is at record lows...
Well fuck, what happened to the upside 
Shhhhhh, we're trying reverse psychology.
Not to worry. Someday we will all be bitcoin's biatches.
I believe it. Complete flatline today with nothing but bot volume. The market is prepped for a big "friday effect." Any leadership, be it bull or bear, is going to get lots of followthrough.
With deepbit hash rate is the lowest it's been in months I think general sentiment is finally starting to change from "greed" to "fear." We might finally have the capitulation many of us have been expecting. But just in case I've staggered sells to $8 in case someone decides to take the market up before crashing it down.
With deepbit hash rate is the lowest it's been in months I think general sentiment is finally starting to change from "greed" to "fear." We might finally have the capitulation many of us have been expecting. But just in case I've staggered sells to $8 in case someone decides to take the market up before crashing it down.
Many long term and short term trends will meet in the first week of October... I have a feeling that any price movement will be upwards based on these probability charts.
Do you mind posting your analysis? I had seen that threshold earlier in September and we are just barely following the long term trend line today.
agree with you. we are at key support levels
Bitcoin Technical Analysis: Public Update released: http://blog.bitcoinwatch.com
Bitcoin Technical Analysis: Public Update released: http://blog.bitcoinwatch.com
We are quite close to the time when we see whether bitcoin markets will survive. Many long term and short term trends will meet in the first week of October... I have a feeling that any price movement will be upwards based on these probability charts. We're overdue for a rally!
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