Are we back in a bull market? - page 3.

T.Stuart

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One Token to Move Anything Anywhere

Quote from: human on December 20, 2013, 12:21:21 PM

We are going a long way down now. This seems to be just the start of government regulation.

Being on the speculation forum and setting aside the integral anti-government philosophy of Bitcoin for a moment just so that we can consider things with a cool head, I don't understand why some people think that government regulation will make the price go down (I assume it is the price you are talking about when you say "we are going a long way down now" and not our ethical standards!). I think it is one of the several indispensible keys to making the price go up. Have I missed something?

Dafar

legendary

Activity: 1330

Merit: 1000

dafar consulting

IMO a bull trap being set up by the chinese sellers. It looks attractive to get in now but they are waiting to have another sell off at a higher price.
I'm gonna wait and see if it drops below $600 again in the next 2 weeks, and if it does I'm buying more.

So basically people are getting in now thinking we're back -> price increase -> 2nd chinese sell off -> newbs feel the PAIN -> panic selling -> more cheap coins for long term bulls

i love it

MatTheCat

hero member

Activity: 840

Merit: 1000

FK MACDs, SMAs, and RSIs!

We have here a clear indicator of yet more brutal corrections Gentlemen. hold on to your hats!

Quote from: mufa23 on December 20, 2013, 01:03:02 AM

We are back, and recovered from china. We don't need them, and have moved on. We have resumed the steady climb.

human

full member

Activity: 197

Merit: 100

The government of the most powerful country in the world just basically shut down the largest Bitcoin exchange in the world and this is it? We are back? Amusing.

We are going a long way down now. This seems to be just the start of government regulation.

amencon

sr. member

Activity: 410

Merit: 250

Quote from: ?? on ??

According to some posters on this forum, every ~~upward~~ movement that btc makes is always a trap.

zby

legendary

Activity: 1594

Merit: 1001

A dead cat bounce of about 80% is normal - so it is too early to decide.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: Edward50 on December 20, 2013, 03:10:37 AM

I think its honestly going back up to $1000. The china news was priced in already and how could it be any worse. People still have $1000 dollars on their minds so anything under that is cheap.

Yesterday you said all the signs were pointing to another crash, and when the Chinese wake up they will start dumping more coins "en masse".
I suppose things do move quickly in Bitcoin! Grin

Edward50

hero member

Activity: 602

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I think its honestly going back up to $1000. The china news was priced in already and how could it be any worse. People still have $1000 dollars on their minds so anything under that is cheap.

U1TRA_L0RD

full member

Activity: 126

Merit: 100

CAUTION: Angry Man with Attitude.

You see, I guess everyone should be optimistic by now.

deepceleron

legendary

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Quote from: Oldminer on December 20, 2013, 01:39:28 AM

I think some people were expecting a massive crash then a frenzied buying spree at cheap prices and jump back to $700 or so. Many it seems are still waiting. Problem is, it may never come.

It's here:

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: U1TRA_L0RD on December 20, 2013, 02:30:59 AM

So, how does all this sound to me...well,let me put it this way, When the Silk Road drug Marketplace was taken donw, Bitcoin prices fell, and after a couple of hours went back to a stable price, so whenever so this happens again, there shoul dbe no fear as prices will jump back up again.

Bitcoin is much quicker to recover than it used to be.

geoffreyqp

hero member

Activity: 712

Merit: 500

if the price wasn't still following btcchina so much, i would feel more bullish. but right now, if more bad news comes out of china, (like btcchina shutting down) then i can see further falling prices.

overall, i'm probably slightly bullish right now.

U1TRA_L0RD

full member

Activity: 126

Merit: 100

CAUTION: Angry Man with Attitude.

So, how does all this sound to me...well,let me put it this way, When the Silk Road drug Marketplace was taken donw, Bitcoin prices fell, and after a couple of hours went back to a stable price, so whenever so this happens again, there shoul dbe no fear as prices will jump back up again.

pbody

full member

Activity: 198

Merit: 100

Quote from: HairyMaclairy on December 20, 2013, 12:59:08 AM

More to come. Market is very fragile.

I'm with this. People are still dizzy from the plus 1k mark and are buying up at these lower prices. News can drive it further in either direction.

Oldminer

legendary

Activity: 1022

Merit: 1001

Quote from: outofservice on December 20, 2013, 02:12:05 AM

This post does not feel like any other post I've read on this forum.
I read this and get the feeling that you are privy to what is going on and telling us what is happening without telling us what is happening.

No, as I said, I could be wrong, its simply my observation. Who's to say there aren't whales slowly buying up to avoid steep price rises?

outofservice

member

Activity: 70

Merit: 11

Quote from: Oldminer on December 20, 2013, 01:39:28 AM

I think some people were expecting a massive crash then a frenzied buying spree at cheap prices and jump back to $700 or so. Many it seems are still waiting. Problem is, it may never come. Not all surges upward are in leaps & bounds. Sometimes there done by stealth to catch waiting buyers out. Before you know it, its too late to buy back in. Course, I could be wrong, but this is how its panned out since we hit about $580 and were back to $775 - thats a fair increase & some nice profits have been missed out on.

This post does not feel like any other post I've read on this forum.
I read this and get the feeling that you are privy to what is going on and telling us what is happening without telling us what is happening.

TERA

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

According to some posters on this forum, every upward movement that btc makes is always a trap.

Well if you're looking to get the most coins possible and a certain movement leads you to belive it is time to buy, but then later there is a chance to easily buy twice as many coins with the same money, then the movement was a trap from the trader's perspective. He now has half of the potential that he could have had.

Oldminer

legendary

Activity: 1022

Merit: 1001

I think some people were expecting a massive crash then a frenzied buying spree at cheap prices and jump back to $700 or so. Many it seems are still waiting. Problem is, it may never come. Not all surges upward are in leaps & bounds. Sometimes there done by stealth to catch waiting buyers out. Before you know it, its too late to buy back in. Course, I could be wrong, but this is how its panned out since we hit about $580 and were back to $775 - thats a fair increase & some nice profits have been missed out on along the way.

kwest

sr. member

Activity: 476

Merit: 250

We could be, seeing as we hit a low of about 1.5x the previous ATH.. and we've never gone below the previous ATH before in any crash, I don't see why we would now.. meaning the bottom may already have been hit.

Edit: I want to make it clear though.. I'm already bought in full at this price, and I have orders placed all the way from $486 to $260. If we go up, I'm not buying more.

Melbustus

legendary

Activity: 1722

Merit: 1004

We've been in a bull market since 2009. Periods shorter than several years are not relevant.

Topic: Are we back in a bull market? - page 3. (Read 6055 times)