And what do you predict nex?
Back to $5.40 - $5.60 range by week's end. The general trend is still down but it's in no one's interest to see bitcoin crash. Traders picking off easy profits from the swings don't want to see the price stagnate.
Topic: Another Small Crash Ahead? - page 2. (Read 3434 times)
Back to $5.40 - $5.60 range by week's end. The general trend is still down but it's in no one's interest to see bitcoin crash. Traders picking off easy profits from the swings don't want to see the price stagnate.
I predict I will lose more money on bitcoinica
And what do you predict nex?
Things were getting boring on MtGox over the weekend. Looks like someone decided to spice things up a bit. I'm not surprised at all we're below $5 now. Totally predictable.
good point! i wonder how many people are selling btc to get there hands on silver/ gold during the metals dip.
The price has dipped below 5 now.
What next?
Sell What next?
Don't do that.
The price dipped because some few people with lots of bitcoin want to sell the coins (probably they need cash... they also probably are among those that caused the gold, silver, stock and forex dips these weeks)
Instead of selling, just buy what those big guys are selling, the rally pressure still exists, and those that buy will profit from the desperation of those big investors that need cash.
The price has dipped below 5 now.
What next?
Sell What next?
Now I get the "manipulator"
He is just one "normal" investor that has lots of investments, and is actually trying to stabilize bitcoin, and failing that, sell his bitcoins at a controlled price.
Since that people is actually rare in bitcoin, with most of the investments coming from small investors, I think we should just take the chance to buy cheap as he (or they) sell.
He is just one "normal" investor that has lots of investments, and is actually trying to stabilize bitcoin, and failing that, sell his bitcoins at a controlled price.
Since that people is actually rare in bitcoin, with most of the investments coming from small investors, I think we should just take the chance to buy cheap as he (or they) sell.
Google Trends is an overall lagging indicator of price, not a leading indicator. Over the history of Google Trends for "bitcoin" the correlation peak lags the daily high by about three days...
Bitcoin is more than just a currency.
It is a Google trends predictor!
The price has dipped below 5 now.
What next?
What next?
Buy
The price has dipped below 5 now.
What next?
What next?
World stock markets are in turmoil, commodity prices are plummeting, investors are running towards US dollars, dogs and cats are sleeping together. Some people like to think bitcoin is isolated from the general fiat economy, but that's not the case. High risk and highly speculative investments are the first to be sold off. I wouldn't be surprised if we see new 6 month lows for bitcoins this week.
I do not see any correlation with Gold, I doubt that a small crash is ahead, the prices are actually on the low side even after the mini rally.
You are right, the only leading indicator for the overall bitcoin project are bitcoin prices , i.e. BTCUSD
Reasoning:
- Low volumes
- Price stagnation
- Expected difficulty decrease in a couple of days
- Gold crash
- Global stock market crash
- Diminished interest as reported by google searches (which highly correlate with market price/momentum)
Seven-day target: 3.25$ USD/BTC
- Low volumes
- Price stagnation
- Expected difficulty decrease in a couple of days
- Gold crash
- Global stock market crash
- Diminished interest as reported by google searches (which highly correlate with market price/momentum)
Seven-day target: 3.25$ USD/BTC
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