Bear Trap ? | Bitcointalksearch.org

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: atp1916 on June 25, 2014, 06:36:52 PM

Quote from: Skele on June 25, 2014, 06:35:16 PM

An auction has the posibility for an overpriced selling, right? why if we are lucky and those 30k are sold over $600, get ready for the rally...

Trust me, there will be a rally / panic buy right back up to 650+ once it's blindingly obvious that there won't be a crash directly due to actual auction events / outcomes.

well i sure hope you are right.
but, there is a real dose of uncertinty to everything now, even when its obvious that correction to 630-650 range should occur.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Bear Trap Confirmed

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Quote from: ?? on ??

Quote from: atp1916 on June 25, 2014, 06:36:52 PM

Trust me, there will be a rally / panic buy right back up to 650+ once it's blindingly obvious that there won't be a crash directly due to actual auction events / outcomes.

I trust you!

Go ahead, your teddy bear is not the only bear that is gonna be squeezed

crowetic

legendary

Activity: 2282

Merit: 1072

https://crowetic.com | https://qortal.org

Quote from: ?? on ??

Quote from: atp1916 on June 25, 2014, 06:36:52 PM

Trust me, there will be a rally / panic buy right back up to 650+ once it's blindingly obvious that there won't be a crash directly due to actual auction events / outcomes.

I trust you!

*laughs* definitely. I trust in atp.

atp1916

legendary

Activity: 854

Merit: 1000

Quote from: Skele on June 25, 2014, 06:35:16 PM

An auction has the posibility for an overpriced selling, right? why if we are lucky and those 30k are sold over $600, get ready for the rally...

Trust me, there will be a rally / panic buy right back up to 650+ once it's blindingly obvious that there won't be a crash directly due to actual auction events / outcomes.

Skele

full member

Activity: 224

Merit: 100

VocalPlatform.com

An auction has the posibility for an overpriced selling, right? why if we are lucky and those 30k are sold over $600, get ready for the rally...

spiderbrain

legendary

Activity: 889

Merit: 1013

Yep, I think bear trap. Because of the breaking of a major growth trend a lot of very technical traders are selling, but I reckon the SR auction results will be bullish if this is anything to go by (http://www.bloomberg.com/video/u-s-to-auction-17-4m-worth-of-seized-bitcoin-5ib0r6DrRNGXRQ4RCsty0A.html) and these new entrants don't know anything about the 2 different exponential growth support lines which bitcointalk forum nerds are obsessed with, they just know that

1) there is very little trust in the global financial system
2) you don't need trust with bitcoin and
3) the richest 1% of the world population would only be allowed 0.2 bitcoin each if they were spread across them evenly.

Don't tell rich people they can't have something, they'll go nuts.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: zimmah on June 25, 2014, 12:39:18 PM

Quote from: DieJohnny on June 25, 2014, 07:53:41 AM

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

I disagree, it is the perfect storm for a bear market though.

This ship is listing heavily. I think we go down to low 400s. If my pain meter in my head is really right, we will go down to low 100s as that is the point i would consider selling

and most of my investments make me want to sell before they go up, just saying.

I might have agreed if we weren't already in a bear market for the past 6 months or so

a bull market will come between now and the next 2 or 3 months.

doubt it.
i believe we were in a real recovery, but all those over-speculations, overexpectations and bad press are plumming us down/sideways.
also, judging by fiat needed to push the price now, which is higher, doubt we will see a realy bull for some time..

zimmah

legendary

Activity: 1106

Merit: 1005

Quote from: DieJohnny on June 25, 2014, 07:53:41 AM

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

I disagree, it is the perfect storm for a bear market though.

This ship is listing heavily. I think we go down to low 400s. If my pain meter in my head is really right, we will go down to low 100s as that is the point i would consider selling

and most of my investments make me want to sell before they go up, just saying.

I might have agreed if we weren't already in a bear market for the past 6 months or so

a bull market will come between now and the next 2 or 3 months.

bitcasino

sr. member

Activity: 342

Merit: 250

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

The auction of 30, 000 AND maybe the future auction of the other bitcoins seized ( 100, 000 ..) !!

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Miz4r on June 25, 2014, 09:02:47 AM

The best trades often feel not too great when you make them

Exactly, I've been reviewing my sentiment during summer last year, when I bought too little coin at below $100 levels - it did feel like a very bad trade at the time. Too much jerking there and back, not sure if it is the bottom or maybe I would be able to buy more at $60, extremely cautious buys as a result, then lots of avoiadble headbanging in November.

So yeah, all the better timed buys were at the most uncertain periods ($5 one, as well - "oh noes, we are three times above the lows, such expensive coin, stopped growing, I'll better wait")

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: KimNam on June 25, 2014, 08:13:26 AM

i'll sell half of my BTC if it hit $500 after the auctions end

So you'd sell at a low point? Huh

Then what? Buy back in after it reaches $1000?

That doesn't sound very smart. You must be a bear.

Perhaps you should consider buying when the price dips and selling only during rallies when the price is up.

Just a thought.

Miz4r

legendary

Activity: 1246

Merit: 1000

I think this is the best buying opportunity we will get in quite a while. Not 100% sure but nothing is 100% certain. The best trades often feel not too great when you make them, but looking back in two weeks from now you might regret not having bought more at this point.

KimNam

hero member

Activity: 644

Merit: 500

Quote from: DieJohnny on June 25, 2014, 07:53:41 AM

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

I disagree, it is the perfect storm for a bear market though.

This ship is listing heavily. I think we go down to low 400s. If my pain meter in my head is really right, we will go down to low 100s as that is the point i would consider selling

and most of my investments make me want to sell before they go up, just saying.

$100 to low i think
if 30K BTC auction winner get it with cheap price and he iimmediately dump it to market, maybe we'll see huge drop of price
but $100 is way too low Sad

i'll sell half of my BTC if it hit $500 after the auctions end

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: DieJohnny on June 25, 2014, 07:53:41 AM

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

I disagree, it is the perfect storm for a bear market though.

This ship is listing heavily. I think we go down to low 400s. If my pain meter in my head is really right, we will go down to low 100s as that is the point i would consider selling

and most of my investments make me want to sell before they go up, just saying.

I 'm selling all of my coins!!! Will you buy them for peanuts? Wink

DieJohnny

legendary

Activity: 1639

Merit: 1006

Quote from: nick32768 on June 25, 2014, 07:00:53 AM

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

I disagree, it is the perfect storm for a bear market though.

This ship is listing heavily. I think we go down to low 400s. If my pain meter in my head is really right, we will go down to low 100s as that is the point i would consider selling

and most of my investments make me want to sell before they go up, just saying.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: atp1916 on June 25, 2014, 07:05:23 AM

If Bitcoin can survive Mt. Gox, it can survive some skimpy auction of 30k coins.

Bear trap to the max - just hold.

yeah , but those 30k are just a start...

what matters now is predicting bottom as close as we can

im 100% sure we will stay above 500$

atp1916

legendary

Activity: 854

Merit: 1000

If Bitcoin can survive Mt. Gox, it can survive some skimpy auction of 30k coins.

Bear trap to the max - just hold.

nick32768

newbie

Activity: 42

Merit: 0

The auction of 30,000 BTC and the breakage of the log term support line are the perfect storm for a Bear Trap.

Do you agree ?

Nick.

Topic: Bear Trap ? (Read 2391 times)