It's just reached $755 at bitstamp and that means the bear trap is finally slammed.
So, who is smiling now? Definitely not bears.
Topic: BEAR TRAP :) - page 3. (Read 14100 times)
bear attack failed 
going up
going up
Lol. If it reaches back up to 900 you can shout "bear attack failed". No, everyone who remained bullish on the drop from 900 to 700 has in fact lost a lot of money, and in fact THEY are now trapped until the price reaches back to those heights. Bears selling above that point have made some extra.
But why am I even trying - I should be happy you exist. The money I gain comes from the pockets of people with your attitude. Thanks for that, mate.
Buuuuuulltrap
Just watch BTC China.
LOL.
Surprised you haven't given him the link:
http://bitcoinwisdom.com/markets/btcchina/btccny
Sorry to freak you out zeroday, but I just can't stand pomposity and hubris in the face of common sense, you see?
bear attack failed
going up
going up
Buuuuuulltrap
Just watch BTC China.
bear attack failed
going up
going up
This was caused by one player who bought about 2.2k coins, for reasons I don't understand.
It's possible that the same player panic sold after seeing China going down.
It's possible that the same player panic sold after seeing China going down.
Heading to $700 
Still bearish?
Still bearish?
I told the bears to wake up and buy when it hit $530 last night...
Oh well.
Heading to $700
Still bearish?
Still bearish?
On the way back up bros.
Shoulda stocked up in the 500s.
Shoulda stocked up in the 500s.
It seems now we are going back to $600
Waiting for a wire to be deposited today and hope this bear trap won't slam before I buy at lowest rate 
Put $250 buy order, I hope it gets filled today (you should hope too
)
Yeah. Because most are too stupid or too greedy.
Just don't sell all at one point and try to buy back...
It's really easy. Buy anticyclical.
Just don't sell all at one point and try to buy back...
It's really easy. Buy anticyclical.
Of course. Buying allways on the right side of a peak and selling on the left.
Of course , everybody on this forum is "trading like a boss". Buy low , sell high , o yeah. Too bad it ain't happening for many in RL.
Of course. Buying allways on the right side of a peak and selling on the left.
Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+
Seems I missed it at $400+
Allready sold again. Much profit to take from scared people.
Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+
Seems I missed it at $400+
Then be sure to catch $300 when it comes.
Now it's $540. Probably the trap is slamming.
Seems I missed it at $400+
Seems I missed it at $400+
April's panic was much worse with absolutely negative media coverage.
Now it's different situation and I'm expecting it will recover fast.
Now it's different situation and I'm expecting it will recover fast.
Yes. One thing is certain, is that this event will not play out as a carbon copy of April's spike n crash, just as April's never played out in the fashion of July 2011's crash.
I for expected for Btc to go much lower than it did and to consolidate over a much longer period of time than it actually did. I did however correctly predict that the exact same thing would happen all over again and I swore to myself to profit from the next one, which I did to a certain extent.
So what do I expect now? I expect Btc to go not nearly as relatively low as it did before and for yet another parabolic spike followed by flash crash to occur, within a relatively short time frame. Because this is such an obvious conclusion to come to, you can bet that things will out just a little bit differently from what I and everyone else expects.
April's panic was much worse with absolutely negative media coverage.
Now it's different situation and I'm expecting it will recover fast.
Now it's different situation and I'm expecting it will recover fast.
The volatility at this liquidity is rapidly destroying bitcoin, stripping it of any true investment value. For now, anyway. New money from new users is not going to flow in after a bubble burst, no matter how good the news. Any buys now are made by speculators. Buying for long-term investment at this stage is nothing but gambling.
Once it is stable for a few weeks/months at a pricerange it manages to stay within 1 percent of, THEN there might be some investment value into bitcoin. Right now; steer the fuck clear of bitcoin unless you're a daytrader and have balls of steel.
Conventional wisdom which will be subscribed to by the vast majority of those holding investment capital. Thus, the near term future for Bitcoin is from here pretty easy to see.
Good common sense post. Had you made it a couple of days ago though, I would have braced myself for the flurry of 'Face Palm's' and 'Doesn't understand Bitcoin' posts.
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