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Topic: Back to 42, what did you expect after a 30% surge in three days? (Read 2713 times)

rpietila
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Back to 42, what did you expect after a 30% surge in three days?
March 08, 2013, 01:34:06 AM
#37
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
Re: Back to 42, what did you expect after a 30% surge in three days?
March 07, 2013, 09:25:45 PM
#36
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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Activity: 1722
Merit: 1036
Re: Back to 42, what did you expect after a 30% surge in three days?
March 07, 2013, 03:58:24 AM
#35
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!
 Smiley

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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 07, 2013, 03:48:04 AM
#34
It already bounced up to $45 again.

If it goes down to $30, I'm buying in again!
 Smiley
KTE
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 07, 2013, 02:56:51 AM
#33
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 07, 2013, 02:46:10 AM
#32
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:57:20 PM
#31
What is that bottom chart, with the blue lines?

DPO = ?
arepo
sr. member
Activity: 448
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this statement is false
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:55:53 PM
#30
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:55:30 PM
#29
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:55:24 PM
#28
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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Merit: 100
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:53:43 PM
#27
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
hero member
Activity: 868
Merit: 1002
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:49:24 PM
#26
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:46:21 PM
#25
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
hero member
Activity: 868
Merit: 1002
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:41:15 PM
#24
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
full member
Activity: 121
Merit: 100
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:38:19 PM
#23
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:37:00 PM
#22
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
hero member
Activity: 700
Merit: 500
daytrader/superhero
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:34:49 PM
#21
For now. Could be a bull trap.
bitcon
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 08:27:56 PM
#20
wont go below $34
evolve
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daytrader/superhero
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:53:04 PM
#19
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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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:34:33 PM
#18
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.
TheN33k
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:32:45 PM
#17
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.
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:30:03 PM
#16
Quote from: shkiser on March 06, 2013, 07:13:52 PM
Is this really considered a bubble at this point? Whats up with the huge fluctuation every 10 seconds? Seen it hit 43 -42, dropped to 40.. then back to 42, dropped to a low of 38.5, than back to 42.. This is driving me nuts
Indeed, there were a LOT of pending buying order at those prices. They get triggered, which triggers more pending selling or market orders from rational bitcoin holders, so price swings its way up or down. Anyone not selling now is not seasoned in financial markets. Bitcoin is headed to the stars but not tomorrow. It shall fall to 15, where it belongs for the moment.
Cyberdyne
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:23:15 PM
#15
Quote from: flaab on March 06, 2013, 06:59:58 PM
41 already!! :-) Can't believe I sold for 48.5!!
Go for 15!! GO GO GO GO!!

I didn't exactly "sell" any but I picked very good timing to load more money into my Namecheap account, that's for sure!
shkiser
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Merit: 250
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:13:52 PM
#14
Is this really considered a bubble at this point? Whats up with the huge fluctuation every 10 seconds? Seen it hit 43 -42, dropped to 40.. then back to 42, dropped to a low of 38.5, than back to 42.. This is driving me nuts
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:09:12 PM
#13
Quote from: Chalkbot on March 06, 2013, 07:07:31 PM
Quote from: flaab on March 06, 2013, 07:03:32 PM
Quote from: Chalkbot on March 06, 2013, 07:02:40 PM
Quote from: flaab on March 06, 2013, 06:59:58 PM
41 already!!
Hehe, I find this exciting, even while holding my BTC, haha. Wait for it....
As a trader, I like raking profits when something rallies 30% in 36hours...
There is an excellent chance to get the stock/whatever back cheaper!
40.5! PANIC!! PANIC!! SELL SELL SELL!!
Can't blame you for that. Are you looking to get back in? If so, what price? I already said I don't think it will go much lower than 40, but I certainly don't think it's out of the question...

I am getting back in around 20-25, with caution. Bitcoin can reach 15-20usd without losing the uptrend.
Chalkbot
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:07:31 PM
#12
Quote from: flaab on March 06, 2013, 07:03:32 PM
Quote from: Chalkbot on March 06, 2013, 07:02:40 PM
Quote from: flaab on March 06, 2013, 06:59:58 PM
41 already!!
Hehe, I find this exciting, even while holding my BTC, haha. Wait for it....
As a trader, I like raking profits when something rallies 30% in 36hours...
There is an excellent chance to get the stock/whatever back cheaper!
40.5! PANIC!! PANIC!! SELL SELL SELL!!
Can't blame you for that. Are you looking to get back in? If so, what price? I already said I don't think it will go much lower than 40, but I certainly don't think it's out of the question...
shkiser
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:05:54 PM
#11
under $40.. time to get out
flaab
full member
Activity: 121
Merit: 100
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:03:32 PM
#10
Quote from: Chalkbot on March 06, 2013, 07:02:40 PM
Quote from: flaab on March 06, 2013, 06:59:58 PM
41 already!!

Hehe, I find this exciting, even while holding my BTC, haha. Wait for it....

As a trader, I like raking profits when something rallies 30% in 36hours...
There is an excellent chance to get the stock/whatever back cheaper!
40.5! PANIC!! PANIC!! SELL SELL SELL!!
Chalkbot
legendary
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 07:02:40 PM
#9
Quote from: flaab on March 06, 2013, 06:59:58 PM
41 already!!

Hehe, I find this exciting, even while holding my BTC, haha. Wait for it....
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:59:58 PM
#8
41 already!! :-) Can't believe I sold for 48.5!!
Go for 15!! GO GO GO GO!!
🏰 TradeFortress 🏰
vip
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👻
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:57:18 PM
#7
It will not hit the single digits again.
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:56:16 PM
#6
Quote from: marhjan on March 06, 2013, 06:53:15 PM
Suspect an initial correction to around $8.50USD, rebounding to $20USD shortly thereafter.  That's about the realistic current value of btc
I would love to buy at 8! xD
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:55:54 PM
#5
Quote from: Chalkbot on March 06, 2013, 06:54:26 PM
I'll say it goes to ~ 40, then we resume the climb!
The price is vertical already. A correction is due. I am 99% sure I can buy back my bitcoins cheaper.
Disclaimer: I sold today!
Chalkbot
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:54:26 PM
#4
I'll say it goes to ~ 40, then we resume the climb!
marhjan
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Poorer than I ought to be
Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:53:15 PM
#3
Suspect an initial correction to around $8.50USD, rebounding to $20USD shortly thereafter.  That's about the realistic current value of btc
goxed
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:51:20 PM
#2
Quote from: flaab on March 06, 2013, 06:46:51 PM
A healthy comeback to the 30-25usd level would be very possible imo.
And even a more healthy comeback would be back to 20usd.
I would re-buy then some for sure ;-)
My buys will be lined up at $1.99, but the odds are too low for it to happen.
flaab
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Re: Back to 42, what did you expect after a 30% surge in three days?
March 06, 2013, 06:46:51 PM
#1
Bitcoin has its own page in the future, but it is not getting there overnight.
A healthy comeback to the 30-25usd level would be very possible imo.
And even a more healthy comeback would be back to 20usd.
I would re-buy then some for sure ;-)
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