$4 is the new $2 - page 2. | Bitcointalksearch.org

S3052

legendary

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Quote from: cypherdoc on March 11, 2012, 12:56:34 PM

Quote from: S3052 on March 11, 2012, 12:53:19 PM

Agree Cypher.
And soon we will see a strong inverse correlation of BTC and stocks

Now we can agree in the direction of stocks. i'm short. we reached my objective target of clearing the May highs and now is the time to wrong foot everyone.

Congrats!!!!

cypherdoc

legendary

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Quote from: S3052 on March 11, 2012, 12:53:19 PM

Agree Cypher.
And soon we will see a strong inverse correlation of BTC and stocks

Now we can agree in the direction of stocks. i'm short. we reached my objective target of clearing the May highs and now is the time to wrong foot everyone.

S3052

legendary

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Agree Cypher.
And soon we will see a strong inverse correlation of BTC and stocks

cypherdoc

legendary

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face it; Bitcoin will never be stable as long as the Federal Reserve keeps printing USD's.

and the more it prints, the more Bitcoin goes...

S3052

legendary

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>> Blitzboom. 100% agree

N12

donator

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Quote from: S3052 on March 11, 2012, 12:36:00 PM

Stable would be good for bitcoin merchants, but realistically, this is not going to happen at current levels. More likely there will be wild swings in the next couple of years before there is some stabilization.

That’s the joke. Bitcoin will never be nearly stable until its price discovery reveals either 0 or 4-5 digit.

zby

legendary

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I don't see bitcoin reaching out of the geek ghetto. The 'Good Wife' episode generated great hopes - but I don't see any follow up to that.

S3052

legendary

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Quote from: proudhon on March 11, 2012, 12:25:33 PM

Quote from: N12 on March 11, 2012, 12:13:51 PM

Quote from: proudhon on March 11, 2012, 12:13:28 PM

If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.

Bitcoin is finally getting stable.

Grin

Stable would be good for bitcoin merchants, but realistically, this is not going to happen at current levels. More likely there will be wild swings in the next couple of years before there is some stabilization.

proudhon

legendary

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Quote from: N12 on March 11, 2012, 12:13:51 PM

Quote from: proudhon on March 11, 2012, 12:13:28 PM

If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.

Bitcoin is finally getting stable.

Grin

N12

donator

Activity: 1610

Merit: 1010

Quote from: cypherdoc on March 11, 2012, 12:06:01 PM

also that the advent of Bitcoinica shorting in September contributed to an undershoot down to $2. that has now evened out.

And the (lack of) Bitcoinica leverage was responsible for 7.22 and 4.64. So 50% of that move would be 4.6. What now? Grin

We need this to be MUCH more common here, so,

Full disclosure: I am long BTC.

N12

donator

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Quote from: proudhon on March 11, 2012, 12:13:28 PM

If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.

Bitcoin is finally getting stable.

Grin

proudhon

legendary

Activity: 2198

Merit: 1311

If this goes on much longer this'll turn into the longest period of relatively flat prices in bitcoin trading history so far.

N12

donator

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Merit: 1010

Quote from: proudhon on March 11, 2012, 12:04:09 PM

Quote from: N12 on March 11, 2012, 12:01:33 PM

Agree. But look what 5.2 is: http://www.sierrachart.com/userimages/upload_2/1331485270182.png

You buying up? Grin

The new $7.20?

Nah, forget it.

The S3052 newsletter most likely prevented that for now. Unless THE SUPER RALLYYYYYYYYY BITCOIN IS MAINSTREAM NOW WE ARE GOING TO OVER NINE THOUSAND kicks off, I still am convinced we will challenge 4.5 again, but it might happen much later, after a ridiculously small corrective rally in BTC terms (1 or 2 USD up perhaps). I hoped we would do a final capitulation with a serious reversal like from 0.55 last year so I can hold for weeks and months to come, but no.

This is now postponed. Next up: Hot potato.

cypherdoc

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i should also point out that $4 has generally agreed to be a minimum for mining profitability.

also that the advent of Bitcoinica shorting in September contributed to an undershoot down to $2. that has now evened out.

proudhon

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Quote from: N12 on March 11, 2012, 12:01:33 PM

Agree. But look what 5.2 is: http://www.sierrachart.com/userimages/upload_2/1331485270182.png

You buying up? Grin

The new $7.20?

cypherdoc

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Quote from: N12 on March 11, 2012, 12:01:33 PM

Agree. But look what 5.2 is: http://www.sierrachart.com/userimages/upload_2/1331485270182.png

You buying up? Grin

thats only reserved for pillow talk. Wink

N12

donator

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Agree. But look what 5.2 is: http://www.sierrachart.com/userimages/upload_2/1331485270182.png

You buying up? Grin

cypherdoc

legendary

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i believe this to be the case.

in fact, the move down from $7.20 to $4 magically represents a 61.8% Fibonacci retrace, a good place to bottom.

so would you be wise to be buying in the $4's or selling/shorting in the $4's?

Topic: $4 is the new $2 - page 2. (Read 2907 times)