Back to 42, what did you expect after a 30% surge in three days?

rpietila

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Quote from: DoomDumas on March 07, 2013, 09:25:45 PM

I hope so !

Hope is the enemy of successful speculation.

...how come the OP did not address my valid concerns? In every other market this would be a clear example of a bubble. Here the problem is supply and demand, which does not warrant a selloff to $10 (those planning to sell have none). Also other bubbles are going to burst eventually, so you still make a profit even if you sell prematurely. Here you lose everything if BTC goes to the moon and you sold.

DoomDumas

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Bitcoin

Quote from: Chalkbot on March 06, 2013, 06:54:26 PM

I'll say it goes to ~ 40, then we resume the climb!

My guess too ! no more BTC under 40 IMO... The correction happened.. Maybe we'll stand within 40-50 for a while, then resume the climb.. I hope so !

rpietila

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Quote from: Mageant on March 07, 2013, 03:48:04 AM

It already bounced up to $45 again.

If it goes down to $30, I'm buying in again!

Question: Who will accommodate the buying volume from the users of the BTC services?

I bet they will not stop using bitcoin just because the currency's surge is choking... There will need to be about 10000 bitcoins every day for this purpose, and mining is not generating enough. Who will sell?

The lower BTC goes, the more BTC is needed by this segment of users that couldn't care less of the price.

We already know that weak hands have precious few BTC, there was such a howling of the bears all the way from $20 to $49.

Only the informed strong hands can sell (because nobody else has any). Will they outsell each other cold-bloodedly back to $20? IMHO, nah. The buying volume should pick up significantly to make this worth any effort. If I were selling, I would try to sell into strength and into bubble, and loosen the selling when the market is weak. Strong hands are aiming at a BTC thousand times more valuable than today and only selling according to plan.

I personally don't believe their plan is to crash back to $10-$20. I hope around $25-$30 so that I can buy more.

Mageant

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It already bounced up to $45 again.

If it goes down to $30, I'm buying in again!

KTE

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Quote from: TheN33k on March 06, 2013, 07:32:45 PM

It's gonna tank, all the people claiming it wasn't a bubble are hilariously naive.

= Now that it is dipping you prematurely try to claim being right after like minded people been crying wolf for two months.

BTC dipped 30%, now bounced back to where the all time high was 24 hours ago. The best sign of stupidity is being sure about themselves.

phelix

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Quote from: arepo on March 06, 2013, 08:55:53 PM

Quote from: Chalkbot on March 06, 2013, 08:46:21 PM

Quote from: jwzguy on March 06, 2013, 08:41:15 PM

Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

if i had any left, i would have sold this morning.

note: this chart from an hour or so before the crash.

The indicator should account for the log scale. The latest increase was far smaller then the 2011 bubble in relative numbers - see log scale chart.

robamichael

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What is that bottom chart, with the blue lines?

DPO = ?

arepo

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this statement is false

Quote from: Chalkbot on March 06, 2013, 08:46:21 PM

Quote from: jwzguy on March 06, 2013, 08:41:15 PM

Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

if i had any left, i would have sold this morning.

note: this chart from an hour or so before the crash.

Chalkbot

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Quote from: flaab on March 06, 2013, 08:53:43 PM

Quote from: Chalkbot on March 06, 2013, 08:46:21 PM

Quote from: jwzguy on March 06, 2013, 08:41:15 PM

Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

I only made a sale, and it was today.

Believe me when I say I'm happy for you and impressed with your timing.

meebs

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Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

How would you explain technical anlysis of BTC currently?

It isn't a company, doesnt have EPS, doesnt sell products...

If anything MORE people find out about it daily, more companies are finding ways of increasing its uses in commerce.

It seems like the technicals are getting stronger daily.

flaab

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Quote from: Chalkbot on March 06, 2013, 08:46:21 PM

Quote from: jwzguy on March 06, 2013, 08:41:15 PM

Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

I only made a sale, and it was today.

jwzguy

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Activity: 868

Merit: 1002

Quote from: Chalkbot on March 06, 2013, 08:46:21 PM

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

Yeah, of course. Make 100 calls, you'll get a few right. Their batting average is still ridiculously poor.

flaab, since you're so sure of your amazing insight about how we should be at 15-20, you won't be buying in again until we get that low, right?

Chalkbot

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Quote from: jwzguy on March 06, 2013, 08:41:15 PM

Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

I think this is the only correct response. I mean, how many charts and anaysis showing that now was the time to sell did we endure from 16-49? Every day was time to sell!! The fact that one of the TA guys made a good call is not surprising to me in the least, nor do I lend anymore credit to TA.

jwzguy

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Quote from: flaab on March 06, 2013, 08:38:19 PM

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

LOL.

flaab

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Activity: 121

Merit: 100

Quote from: kingcrimson on March 06, 2013, 08:37:00 PM

you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead. it's not worth the risk. win this one, lose next time, there's no method to it.

Of course it is method to it, it is called technical analysis.

kingcrimson

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you guys were really lucky to sell on time, those that did. but you couldve easily been watching bitcoin climb to 60 instead (like those who sold at 20-35 watching it go up to 50). it's not worth the risk. win this one, lose next time, there's no method to the madness.

evolve

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daytrader/superhero

For now. Could be a bull trap.

bitcon

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wont go below $34

evolve

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daytrader/superhero

Quote from: TheN33k on March 06, 2013, 07:32:45 PM

It's gonna tank, all the people claiming it wasn't a bubble are hilariously naive.

This.

flaab

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Quote from: TheN33k on March 06, 2013, 07:32:45 PM

It's gonna tank, all the people claiming it wasn't a bubble are hilariously naive.

But down to single digits?? I have a reeaally hard time believing that.. With all the new business with bitcoins? I think it could easily settle at $25.

From a technical perspective, 20-25 would still be "high". It should touch 15-20 and remain bullish. We can still see more volatility before that happens, perhaps a double top pattern. Bitcoin is extremely volatile and traders are not seasoned, that is why I am starting to love it.

Topic: Back to 42, what did you expect after a 30% surge in three days? (Read 2708 times)