Bears thread - unleash the bear in you in this thread - page 6.

bitwhizz

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Quote from: ajax3592 on November 11, 2013, 12:44:58 PM

Quote from: ?? on ??

Graph was world wide, however just for the sake of argument, please see graph below, the lsat graph is 'bitcoin' in chinese, where we can witness a huge surge, which supports my bearish opinion even more,

The point that i'm making across is that the rise in bitcoin value isn't due to fitting the adoption curve or bitcoin transactional utility for goods and services, based on this research, at the moment the rise in bitcoin value is hype driven, which is always and i repeat always the most dangerous time to buy, what will occur is eventually after this hype dies down, we on't be seeing an imminent crash like last time, however a slow landslide fall back to the $200's. An constant increase in price is unstustainable and if the price isn;t increasing interest is lost, so once again buying now at these prices is not wise in my opinion

So when according to you should be the best time to get hold of 4-5BTC. Around Christmas? Many people may sell their's at that time.

Bingo!

ajax3592

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Quote from: ?? on ??

Graph was world wide, however just for the sake of argument, please see graph below, the lsat graph is 'bitcoin' in chinese, where we can witness a huge surge, which supports my bearish opinion even more,

The point that i'm making across is that the rise in bitcoin value isn't due to fitting the adoption curve or bitcoin transactional utility for goods and services, based on this research, at the moment the rise in bitcoin value is hype driven, which is always and i repeat always the most dangerous time to buy, what will occur is eventually after this hype dies down, we on't be seeing an imminent crash like last time, however a slow landslide fall back to the $200's. An constant increase in price is unstustainable and if the price isn;t increasing interest is lost, so once again buying now at these prices is not wise in my opinion

So when according to you should be the best time to get hold of 4-5BTC. Around Christmas? Many people may sell their's at that time.

bitcon

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back to 368 on gox. someone is still buying.

mvidetto

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I don't agree with this graph. First of all, this graph does not include china, and as we all know they are leading this rally. Second, its only gone down 2 points, which agrees with they price dropping slightly. Maybe I'm missing something, but I'm not buying this argument.

deisik

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Quote from: bitwhizz on November 11, 2013, 10:47:38 AM

One never sells all his bitcoins, even if one has ultra bear views - Fact

Even if "BTC will eventually fail and go to $0"? Grin

I for one second this stance, though it doesn't imply we should not take a chance... Cool

ronaldlee0917

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A bad news hitting CCTV would cause all the Chinese holders to panic sell, i assure you. You would be surprised how the price would drop by 90% in a single day, but before that happens, we still have a chance of testing 400 or even 500.

zoinky

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There is no real value, single digits within 5 business days.

bitwhizz

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Quote from: deisik on November 11, 2013, 07:01:58 AM

Quote from: simplydt on November 11, 2013, 05:23:27 AM

gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish

If you are really bearish, why not sell all those bitcoins you have... How come?
Maybe, you just don't know - as most of us? Wink

Selling all your bitcoins doesn;t indicate you as being bearish, it indicates you as being a retard,

One never sells all his bitcoins, even if one has ultra bear views - Fact

However not buying more bitcoins due to exageratted prices is intelligent, and slightly bearish

deisik

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Quote from: simplydt on November 11, 2013, 05:23:27 AM

gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish

If you are really bearish, why not sell all those bitcoins you have... How come?
Maybe, you just don't know - as most of us? Wink

deisik

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Quote from: TERA on November 11, 2013, 02:22:50 AM

BTC will eventually fail and go to $0... There's my bearish input.

Ok then

Quote from: TERA on November 11, 2013, 02:22:50 AM

It might very well never go below 300 again

Was that your bullish input? Grin

BitPirate

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Not sure I catch your reason 2 -- but BTCChina went hyperbolic on Saturday morning here. Crazy buying frenzy, increasing by hundreds every few minutes. It definitely *looked* like a top. It will be hard to revisit those levels of frenzy for a while.

I'd say the market is looking a little unclear at the moment. I've been selling slowly all the way up, selling the last during the hyperbolic rise. I'll go back in if we can hold steady for a while, but that's far from guaranteed. I'd be very happy to see a more significant dip.

I imagine there are many others sitting on the sidelines, so bids may be depressed. But there aren't many sellers stepping up either....

simplydt

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Quote from: bitwhizz on November 11, 2013, 12:49:52 AM

gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish

Good post with substantial reasoning behind your actions unlike some of the posts that have no reasoning at all.

philip2000uk

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Thanks for showing me, I value your post but also i wanted to add, i searched google trends for leather pants and wow Australia has the hugest interest, now i need to target my website to them. Glad I found that google trends Cheesy

TERA

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BTC will eventually fail and go to $0... There's my bearish input.

But until then, good luck trading when you wait till btc is at its "true value". You will not make many trades and might even wait forever. It might very well never go below 300 again. There seems to be a nice support here. We just broke ATH and the bubble has only just begun.

Pruden

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Spanish Bitcoin trader

Isn't the last point in the Google trends chart updated as the current week/month/whatever passes? That would mean it will keep going up till it closes and a new point is created.

adamstgBit

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Quote from: bitwhizz on November 11, 2013, 12:49:52 AM

gentleman, gentleman, i have bitcoins.......... however this is the reason why i am not buying more bitcoins at this price point, and i am therefore bearish

lol
thats cool, passives bear, maybe you'll sell us some cheap bitcoin next week

but the your TA... your doing it wrong Tongue

theonewhowaskazu

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Quote from: RyNinDaCleM on November 11, 2013, 01:01:49 AM

This is typical sentiment of a 5th wave. Momentum is beginning to dwindle and divergences are appearing in underlying indicators. This is also the point where the average investor begins buying.

It's good being a bear! Only a bear can increase holdings without any extra investment.

Or, a leveraged bull.
[Insert fun image here]

mvidetto

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Quote from: RyNinDaCleM on November 11, 2013, 01:01:49 AM

This is typical sentiment of a 5th wave. Momentum is beginning to dwindle and divergences are appearing in underlying indicators. This is also the point where the average investor begins buying.

It's good being a bear! Only a bear can increase holdings without any extra investment.

Yeah wave 5 most likely on the way once this downtrend/sideways movement ends. Only a matter of time i.e. Monday/Tuesday lol.

RyNinDaCleM

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Legen -wait for it- dary

This is typical sentiment of a 5th wave. Momentum is beginning to dwindle and divergences are appearing in underlying indicators. This is also the point where the average investor begins buying.

It's good being a bear! Only a bear can increase holdings without any extra investment.

Davyd05

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so.. G was 266 with the majority of the interest due to the crisis in the EU and Cypriot bail-in.

and A has a price value 300+ with relatively calm markets comparatively.

I would infer that with less interest the value has risen.. and could therefore continue to rise as less people are searching google for a how-to...hell I've been googling it to show my friends the intro to Bitcoin video cause I don't favorite things for quick linking.

Topic: Bears thread - unleash the bear in you in this thread - page 6. (Read 7617 times)