And now - the sucker's rally | Bitcointalksearch.org

cbeast

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Let's talk governance, lipstick, and pigs.

Quote from: ElectricMucus on July 07, 2013, 08:49:35 AM

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet. Embarrassed

The three-day-bounce is about due one way or another. The resistance to the plunge is good though. Within three more days we should see the upswing come back when the sellers feel more secure.

SlipperySlope

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Stephen Reed

Quote from: ElectricMucus on July 07, 2013, 08:49:35 AM

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet. Embarrassed

Each rally has been stopped or beaten back by very large sell orders. You can see the eagerness of the buyers, but large bids near the current price get eaten too. One could expect a stronger rally following a further very sharp spike down, e.g. seller exhaustion.

I agree with your sucker's rally characterization. We may be too far along in the bubble collapse for a strong bounce off this plunge.

ElectricMucus

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Marketing manager - GO MP

Where is the suckers rally this time, it's been like 3 days and we haven't bounced yet. Embarrassed

GotBitCoins

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Quote from: GotBitCoins on April 19, 2013, 02:26:05 AM

Everything is by the book....

Quote from: GotBitCoins on April 19, 2013, 02:26:05 AM

But then it shall drop and shall become under-valued for a while - let's say 10$ ??

Yep everything is by the book, capitulation now, maybe even panic, now we shall perhaps see a short lived rally and then down, down to the despair level...

GotBitCoins.

RodeoX

legendary

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The revolution will be monetized!

Quote from: superduh on April 19, 2013, 08:55:14 PM

how about a 3 month min before being able to post in the speculation board?

By that time all our crackpot theories will have fallen apart. Cheesy

superduh

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how about a 3 month min before being able to post in the speculation board?

BitcoinAshley

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Quote from: smoothie on April 19, 2013, 08:17:08 PM

Here we go again.

1. Create new forum profile

2. Make tunnel vision price predictions

3. Be proven wrong

4. Go silent

5. Fail

Lol Grin

Lol, smoothie Grin

and how many times has this happened? Methinks our friend "GotBitCoinz" is going to have his ignore button glowing orange in a matter of weeks Wink

that usually happens somewhere between steps 3 and 4.

To top it off, he's one of those "I know exactly what everyone else does with their coins, and why they invest in bitcoin" folks. Everyone's just trying to get rich quick, they're "hoarding" and not "spending," and price is a result of forum sentiment and not supply vs. demand ... in the land of the mysteriously vanishing troll profile...

smoothie

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LEALANA Bitcoin Grim Reaper

Here we go again.

1. Create new forum profile

2. Make tunnel vision price predictions

3. Be proven wrong

4. Go silent

5. Fail

Lol Grin

GotBitCoins

newbie

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Merit: 0

Quote from: thezerg on April 19, 2013, 04:09:19 PM

The question is can you find another chart that looks like you are sitting at C/D, but went on to rocket to new highs?

Answer: Easily, I found one on my first try:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1243627200000&chddm=1079144&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=zK9xUaDIHIielwPCcw

yes, you are showing a bull run that spans over several years and you are showing an interim top at ~200$ and then price becomes 100$. At that point in time you are not sure if the bull is going to continue - right? so you better invest when it's 100$ rather than when you hear the hurrah of 200$. Cause you don't know - at that point the bull may be over.

BitPirate

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RMBTB.com: The secure BTC:CNY exchange. 0% fee!

You don't "have" to feel anything. The price is set by international demand, not fucking forum sentiment.

Maybe we are at A. Maybe we are nowhere at all since BTC gyrates more than a coked up belly dancer at a bull rodeo anyway.

GotBitCoins

newbie

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Quote from: kokojie on April 19, 2013, 04:12:25 PM

So, looks like "return to the mean" currently?

no, no - you have to feel the despair first... go to this forum posts in Oct/Nov 2011, that sort of thing! Then after you can feel and hear the despair a new bull can emerge - OR NOT! But you don't have that kind of patience now don't ya? you want fast money! you wanna be rich - yes, so why don't you buy into this sucker's rally? Eventually - you will make money - OR NOT!

GotBitCoins

Geddi

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It's the muffins that must be stopped.

I love charts

kokojie

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So, looks like "return to the mean" currently?

thezerg

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The question is can you find another chart that looks like you are sitting at C/D, but went on to rocket to new highs?

Answer: Easily, I found one on my first try:
https://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1243627200000&chddm=1079144&chls=IntervalBasedLine&q=NASDAQ:AAPL&ntsp=0&ei=zK9xUaDIHIielwPCcw

justusranvier

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Quote from: jerkoff on April 19, 2013, 03:56:17 PM

People should give Clinton more credit, in the middle of rapidly rising debt, his second term actually was in the black and didn't raise the deficit at all.

Go to treasurydirect.gov and view the "Debt to the Penny" data series. Look at the column called "Total Public Debt Outstanding" and see what actually happened to the debt. You can even plot it in Excel if you want, it will help make what actually happened a lot more clear.

molecular

donator

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Quote from: GotBitCoins on April 19, 2013, 02:26:05 AM

Guys,

Everything is by the book....

Here's the book

And here's where we are

It could stop here or at 150, 160, 185, 220...

But then it shall drop and shall become under-valued for a while - let's say 10$ ??

GotBitCoins

your count is definitely wrong. In the book, A is way below C. In your interpretation, A is way above C.

jerkoff

newbie

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People should give Clinton more credit, in the middle of rapidly rising debt, his second term actually was in the black and didn't raise the deficit at all. Then Bush Jr. came along and blew it all to hell.

The question is, is it bad ? Now that they can borrow against 0% interest, it's not as bad as when you got 10% on short term bills.

johnyj

legendary

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Beyond Imagination

Just noticed that the bid size has reached an all time high of 20 million USD Shocked

Seems lots of buyers are waiting for sell orders from peoples who have similar opinion as OP

ElectricMucus

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Marketing manager - GO MP

Quote from: johnyj on April 19, 2013, 03:05:59 PM

A universal answer to such kind of chart is a quesion: Where are we now in the following chart?

It is meaningless to discuss the chart without understanding underlying fundamentals

And how is that related to the valuation of bitcoin?

johnyj

legendary

Activity: 1988

Merit: 1012

Beyond Imagination

A universal answer to such kind of chart is a quesion: Where are we now in the following chart?

It is meaningless to discuss the chart without understanding underlying fundamentals

Topic: And now - the sucker's rally (Read 13939 times)