Topic: Are we back in a bull market? (Read 6055 times)
I just checked and the last bitcoin got sold for $910.89. Maybe, it recovering slowly.
you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.
this kind of thinking aren't inherently wrong, but it will effectively limits your ability to profitGovernments don't kill things like they do in books and films. What they do is to move the pawns to make sure they have the upper hand, regardless!
The only thing we, as the public can do is to think shorter term and profit on that. For me, I see bitcoin having a value for the next 24 months max and there is no point over thinking into a longer term!
you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.
this kind of thinking aren't inherently wrong, but it will effectively limits your ability to profit 
you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.
Gosh... you're right! No one involved with Bitcoin has ever stopped to consider what governments might do!
We need to put someone on this right away!
Get a lawyer, quick!
you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.
I believe you do not have enough faith in virality my friend
you all dont know what you are talking about. you are trying to see the future from your knowlage from the past. (sorry for my bad english, writing from berlin, germany) . all you are writing is wishful thinking, nothing else. the u.s. governerment still HAS NO IDEA what to do with bitcoin. its still possible to bring it down, if someone sees a threat in btc. think of it.
$360 gox price or stamp price?
gox
Might try applying my model to bitstamp in the future but would take a while.
I have my own model I trade with and based on that it is a bull trap, my model could well be wrong however.
My prediction is that we will hit a minima of of around $360 USD as the market moves into panic mode, those with long term investment in mind will be able to enjoy this cheap period before the market corrects and the cycle starts again.
My prediction is that we will hit a minima of of around $360 USD as the market moves into panic mode, those with long term investment in mind will be able to enjoy this cheap period before the market corrects and the cycle starts again.
Never buy during a sudden price spike, ever, I'm looking at the PPC/BTC price now and that looks like a total bull trap as well, it's always better to buy at extreme lows when the market has settled down from what I've found.
We can't say we are back in a bull market until the all time high is broken. Otherwise it could be headed to new lows. Only time will tell. I like that chart showing the channel and we can go down here and still be in the channel and still be in a bull market. Nothing says we have to break out above the channel, it iwll still keep going up.
Although im not good at math, I do want to say that we are back in a bull market.
So at least we have some things in common!
Maybe the markets will crash this year. hahaha, BTC is so unstable now becaue of MtGox bunch if losers.
Although im not good at math, I do want to say that we are back in a bull market.
So at least we have some things in common!
I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
I think you are more or less right in your predictions, although I believe growth will be a bit steeper.
Although im not good at math, I do want to say that we are back in a bull market.
I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
I think you are more or less right in your predictions, although I believe growth will be a bit steeper.
I have been observing the market only for the last 1-2 months and I have started to understand the psychology of the price movements. There was a bubble caused by the Chinese where the price hit 1200. It went up too fast so at the first hint of negative news it came down hard. Since the low of 450 a new floor of 600 has been established and we have not seen the price below 700 in a week despite occasional negative news items from China and India. This shows that the market is more resilient and has established a more permanent value.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
As far as predictions, a slow steady improvement in price is expected, however, I wouldn't be surprised if there were some bubbles and bursts along the way. I think a 10% per month appreciation is reasonable given the continued influx of capitol worldwide, the continued business investment and innovation, and the new-found attention of wall street. Of course, any improvement in price can be temporarily derailed by negative news items from the major regulatory players.
I may be wrong but this is how I see it.
The topic is:
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011
This longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting oints where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happend to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm BTC.
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011
This longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting oints where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happend to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm BTC.
Exactly. And given the investments (in companies and btc itself) coming in 2014, it seems unlikely it won't continue.
The topic is:
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011
This longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting points where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happened to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm BTC.
Interpretation of the professional chartanalyst of Godmode-trader.de by 18/11/2013
Are we back in a bull market ?
My answer is: we have never been out of a bull market since 2011
This longterm- chart is imho the most important chart I ever have seen.
Note the slowly ascending line, which got 5 to 6 supporting points where the BTC Price touched this line.
But never got under the line.
So, every "chrash" of the BTC-Price happened to be inside the 2 ascending lines.
We have a very stable bullish trend. even a 90 % (!!!) dip won`t harm BTC.
Interpretation of the professional chartanalyst of Godmode-trader.de by 18/11/2013
Quote
A Rally acceleration is going on which could push up the Price up to the potential trendchannel top at about 2.400 to 2.600 Dollar.
From there could start a correction which might be finished in the bullish Version in a few month at an high Level.
After that another Rally acceleration is possible.
Prices up to 15.000 or 100.00 Dollar seem to be utopic at this time but from the chart-analytic Point of view they are possible without any Problems.
The amount would be not more than the first Rally from 2010 to mid 2011.
From there could start a correction which might be finished in the bullish Version in a few month at an high Level.
After that another Rally acceleration is possible.
Prices up to 15.000 or 100.00 Dollar seem to be utopic at this time but from the chart-analytic Point of view they are possible without any Problems.
The amount would be not more than the first Rally from 2010 to mid 2011.
People bitching about 'fall of america' will slink back to their little holes when their exports hit a snag and all of a sudden their currency is worth 15% less than a month ago.....lol
US: We print money, you take the hit for inflation.
Global economics in post modern age is a funny thing eh?
People have been preaching about 'fall of America since its independence, doing all it can to believe they are not as flawed. Every contender, challenger, etc. etc.
US doesn't give a fuck
US: We print money, you take the hit for inflation.
Global economics in post modern age is a funny thing eh?
People have been preaching about 'fall of America since its independence, doing all it can to believe they are not as flawed. Every contender, challenger, etc. etc.
US doesn't give a fuck
if the price wasn't still following btcchina so much
The exchange rate has been going up for about 24 hours straight.
BTCChina has had the lowest exchange rate during that entire period (Gox, Stamp, BTC-e, BTCChina).
How does that translate into, "The price is following BTCChina"?
Yes, I see that Mtgox prices when up to over $800, I want to see it go past $1,000 again.
All I know is I bought my first 5 BTC on Monday at $700. I then found myself sitting in front of the computer early Wednesday morning in horror at the price at $429. I refused to look at the price again until my coins arrived in Coinbase this morning, and was very surprised and relieved to see $699. I couldn't hit the sell button fast enough. I guess I'm going to have to wait 30 days for my next purchase, that 4 day wait is brutal.
Once your btc post to your Coinbase account move it to one of these for immediate trades where funds are kept on site:
These 3 are immediate exchange once your sign up
Camp BX
Bitfinex
BTC-E
.....Not sure but maybe Mt. Gox also
Bitstamp (You need to verify your account before moving coin there with a couple diff docs)
We are in a fool's market that's for sure!
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.
We are going a long way down now. This seems to be just the start of government regulation.
+1
See you guys sub $10 in 2014.
Ok Porc. See you in regret land.
LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.
Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.
Lol. You are praising a falling star (crashing would be more accuarte).
The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans are consume (debt financed) and produce nothing.
China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!
China is the future.
Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).
we americans produced twerking....
The dollar is going to $0. Ok, let me know when that happens.
You're right. I don't see the dollar over going to $0. Historically it's stayed flat at exactly $1.Good historical observation. lol
I meant 0 Yen.
The dollar is going to $0. Ok, let me know when that happens.
You're right. I don't see the dollar over going to $0. Historically it's stayed flat at exactly $1. 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.
We are going a long way down now. This seems to be just the start of government regulation.
+1
See you guys sub $10 in 2014.
Ok Porc. See you in regret land.
LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.
Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.
Lol. You are praising a falling star (crashing would be more accuarte).
The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans are consume (debt financed) and produce nothing.
China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!
China is the future.
Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).
Yeah, yeah, yeah. Been hearing this for years.
Guess what, a communist country with few allies will never be a world "leader." America's military industrial complex is the backbone of the 1st world nations' security.
The dollar is going to $0. Ok, let me know when that happens.
Meanwhile, while you waiting for the zombie apocalypse, the rest of us will be waving at you from $2000 in 2014.
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.
We are going a long way down now. This seems to be just the start of government regulation.
+1
See you guys sub $10 in 2014.
Ok Porc. See you in regret land.
LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.
Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.
Lol. You are praising a falling star (crashing would be more accuarte).
The US is the biggest debtor of them all. Huge liabilities, big government mentality, anti free market philosophy is on the rise and Obama is a socialist in office. The FED is printing like there is no tomorrow. Americans consume (debt financed) but save and produce nothing.
China on the other hand is one of the largest creditors, is liberating its markets (as it has been burned by communism), and is actually moving away from the dollar (China has been propping up US consumption and living standards). Once the yuan is free floating (not pegged to the dollar) and once the dollar crashes, you will hopefully wake up! The Chinese save (one of the highest saving rates in the world) and produce!
China is the future.
Even bigger LOL at you thinking that the US government will be more friendly to bitcoin, if it feels threatened by it (dollar monopoly=power remember?).
I am confused by the high bid depth and comparitively low ask depth.
It is what it is. It looks to me like there is A LOT of built up demand for BTC because of this last run up, media exposure and VC investment.
I think we should think about how different the markets crashed in 2011 and April 2013. I believe this was because of the fundamentals and how they changed during that time. I think they have changed considerably since April, so this crash will be just as different to April's as April's was to 2011. I think we go down, but I am not as bearish as I was a couple of days ago.
I am confused by the high bid depth and comparitively low ask depth.
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.
We are going a long way down now. This seems to be just the start of government regulation.
+1
See you guys sub $10 in 2014.
Ok Porc. See you in regret land.
LOL @ China being the most powerful country in the world. The most powerful country in the world is AMERICA. Deal with it. We control the money and the military and because of that, we control the oil. Our government and regulators and innovators have given the "ok" to bitcoin.
Come to think about it, instead of meeting you, we will just wave to you above $2000 in 2014.
sub 10 isn't possible. even sub 100 isn't. But there is no way we are going up... a bubble of the magnitude we witnessed can't correct itself this fast..........
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.
We are going a long way down now. This seems to be just the start of government regulation.
+1
See you guys sub $10 in 2014.
What would happen if lets say, BTC prices went back down below 100, is it a good time to buy? I really want to buy alteast 2 BTC
All I know is I bought my first 5 BTC on Monday at $700. I then found myself sitting in front of the computer early Wednesday morning in horror at the price at $429. I refused to look at the price again until my coins arrived in Coinbase this morning, and was very surprised and relieved to see $699. I couldn't hit the sell button fast enough. I guess I'm going to have to wait 30 days for my next purchase, that 4 day wait is brutal.
hard to say yes man. We would need to get up to all time highs to say it's def a bull market. Right now I see it hanging on for dear life to stay above $500.
LOL.
This is far from over.
Below 10 dollar/ bitcoin in 2014.
This is far from over.
Below 10 dollar/ bitcoin in 2014.
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
In the next 2 weeks!? it dropped below $600 a few hours after your post. Btc is way too unstable right now to talk in "weeks".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
What's the best guess on when the news of BTCChina shutting down will hit? that will be the next new low.
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?
You have missed that you can not transfer anymore cash to BTCchina. It is not about being legal or not. Now it is just much more difficult to buy BTC. That's it.
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
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
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?
Depends on the regulation really.
If the legislation states;
"40 years in the work camps for any peasants caught dealing in Bitcoin"
I would suggest that government regulation would have a detrimental effect on the value of Bitcoin.
What would be your take on this?
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?
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
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
FK MACDs, SMAs, and RSIs!
We have here a clear indicator of yet more brutal corrections Gentlemen. hold on to your hats!
We have here a clear indicator of yet more brutal corrections Gentlemen. hold on to your hats!
We are back, and recovered from china. We don't need them, and have moved on. We have resumed the steady climb.
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.
We are going a long way down now. This seems to be just the start of government regulation.
According to some posters on this forum, every upward movement that btc makes is always a trap.
A dead cat bounce of about 80% is normal - so it is too early to decide.
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!
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.
You see, I guess everyone should be optimistic by now.
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:
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.
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.
overall, i'm probably slightly bullish right now.
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.
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.
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?
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.
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.
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.
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.
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.
We've been in a bull market since 2009. Periods shorter than several years are not relevant.
Your suffering from a form of 'vertigo' where the price rises unexpectly fast/high giving you dizziness and delusional thoughts. I feel it too on every bull trap but have learned to just walk away and lie down or something instead of buy buy buy.
lol bears will still be about the place even when we hit $1500...
We are back, and recovered from china. We don't need them, and have moved on. We have resumed the steady climb.
More to come. Market is very fragile.
Your suffering from a form of 'vertigo' where the price rises unexpectly fast/high giving you dizziness and delusional thoughts. I feel it too on every bull trap but have learned to just walk away and lie down or something instead of buy buy buy.
Despite the bad news from China, it seems that this rally has broken beyond the point of considering it a dead cat bounce. The next few days will tell the tale.
My belief is that the announcements made by China will be followed up soon with enforced regulations causing further panic.
At this point, my balance is mostly fiat so I'm obviously biased in favor of believing that another dip is coming in the near future however I would like to hear other people's thoughts on this as well and where you believe the source of this rally is coming from you don't believe it to be temporary. The good news from the US outweighing the bad in China? People who panic sold buying back in?
My belief is that the announcements made by China will be followed up soon with enforced regulations causing further panic.
At this point, my balance is mostly fiat so I'm obviously biased in favor of believing that another dip is coming in the near future however I would like to hear other people's thoughts on this as well and where you believe the source of this rally is coming from you don't believe it to be temporary. The good news from the US outweighing the bad in China? People who panic sold buying back in?
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