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Topic: $7 today, in my opinion (Read 4083 times)

hero member
Activity: 1138
Merit: 523
January 06, 2012, 11:02:42 AM
#46
Quote
A difference worth considering now is that it won't take as much BTC build-up on the ask side to overwhelm the bids.


For sure a valid point and I think we might see a bit of that over the weekend like in April-May last year. But overall I'd still say that we're headed UP  Grin And taking that into consideration I don't really see too much selling pressure building up until we hit roughly 10 USD/BTC



legendary
Activity: 2198
Merit: 1311
January 06, 2012, 10:11:39 AM
#45
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

When has a correction not happened in the history of spikes?
A correction, sometimes violent, will ALWAYS happen.  It's funny when bears come out and say it's the end of the world.  Look, we're back to 6.85 now.

A difference worth considering now is that it won't take as much BTC build-up on the ask side to overwhelm the bids.
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
January 06, 2012, 09:59:53 AM
#44
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

When has a correction not happened in the history of spikes?
A correction, sometimes violent, will ALWAYS happen.  It's funny when bears come out and say it's the end of the world.  Look, we're back to 6.85 now.
legendary
Activity: 1792
Merit: 1047
January 06, 2012, 05:20:21 AM
#43
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

At this time we can list many reasons for the increase in Bitcoin valuation. I am confident the project will experience a momentum that will play out in favor of higher prices.

However I hope that it will be at a sustainable price.
legendary
Activity: 1904
Merit: 1002
January 06, 2012, 05:12:59 AM
#42
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.

We escaped the looming head and shoulders... I think we'll at least flirt with 7.2 again before any reversal.
sr. member
Activity: 448
Merit: 250
this statement is false
January 06, 2012, 05:10:20 AM
#41
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!

but in the meantime the bid volume that seemed previously overwhelming has been decimated by the downward momentum and magical poofing walls. it seems equally as likely to correct the month-long rally as it is to continue ramping. we just witnessed a serious correction to the spike to 7 that could easily usher in a short-term reversal.
legendary
Activity: 1792
Merit: 1047
January 06, 2012, 04:56:51 AM
#40
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley

Well now that we have seen sub $6.4

$8 here we come!
hero member
Activity: 686
Merit: 500
Shame on everything; regret nothing.
January 06, 2012, 12:49:35 AM
#39
It's already 7!

Now we DEFINITELY need the correction...

This "rally" IS the correction, and it is just beginning.
full member
Activity: 168
Merit: 100
January 06, 2012, 12:45:00 AM
#38
Quote
as to not need to chase the train rolling away from you!
I did that for about $.50 awhile back. Tongue  Then I was like, just buy the damn thing  Angry
legendary
Activity: 2408
Merit: 1009
Legen -wait for it- dary
January 06, 2012, 12:34:49 AM
#37
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?
I think selling at this point is retarded... I already got burned on the way up to $5. Not doing that again..

I just take little breaks for 1/2 day or so just in case the price tanks.  Yeah, I'm cautiously retarded: Smiley

Considering we've barely been over $7.20, I think you did fine. But it won't always work like that. So choose buying/selling points carefully, so as to not need to chase the train rolling away from you!
sr. member
Activity: 392
Merit: 250
January 05, 2012, 09:52:36 PM
#36
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?
I think selling at this point is retarded... I already got burned on the way up to $5. Not doing that again..

I just take little breaks for 1/2 day or so just in case the price tanks.  Yeah, I'm cautiously retarded: Smiley
legendary
Activity: 1764
Merit: 1015
January 05, 2012, 09:23:00 PM
#35
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?
I think selling at this point is retarded... I already got burned on the way up to $5. Not doing that again..
kjj
legendary
Activity: 1302
Merit: 1025
January 05, 2012, 09:22:21 PM
#34
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?

Probably.  But you are in good company.
sr. member
Activity: 392
Merit: 250
January 05, 2012, 08:48:37 PM
#33
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.

Sold at $7.20 for a bit of profit taking.

Waiting for a bit of a pull back then back in for next rally.

Am I being too cautious?
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
January 05, 2012, 08:05:22 PM
#32
Just finished my dinner and saw $7 on the screen.  Well done, gentlemen.
legendary
Activity: 1792
Merit: 1047
January 05, 2012, 07:57:00 PM
#31
I call a rally to $20, leading up to CES!

The odds of seeing 6.4 is far greater then $20 Smiley
legendary
Activity: 1400
Merit: 1005
January 05, 2012, 07:55:13 PM
#30
I call a rally to $20, leading up to CES!
sr. member
Activity: 350
Merit: 250
January 05, 2012, 07:51:33 PM
#29
only question is who would want to sell massive amounts now?!

Only that one guy who thinks we will DEFINITELY correct now? Because the people who thought that at $5.8 have learned their lesson.  Cheesy
legendary
Activity: 1458
Merit: 1006
January 05, 2012, 07:50:07 PM
#28
 Wink

legendary
Activity: 1050
Merit: 1000
January 05, 2012, 07:49:20 PM
#27
only question is who would want to sell massive amounts now?!
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