BTC/USD down from top, getting ready to drop? - page 2.

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: Missionary on March 29, 2013, 08:42:28 PM

Quote from: fcmatt on March 29, 2013, 08:38:36 PM

Quote from: Missionary on March 29, 2013, 08:29:15 PM

When non-tech friends of mine are asking me for help on how to get bitcoins, that's a signal for me that we still have not peaked. The current drop or flat-out could just be because of the long weekend. No banks are open (at least not in Sweden) during friday-monday this weekend.

That is the exact opposite reasoning of what to do when being told of the legendary story about a rich man who owns stocks hearing the elevator boy wanting to buy stocks before the great crash of the market.

Seems like everything is bullish right now.

When my mom want's to buy, then I know that it's time to sell. This is NOT mass adoption, not by a long shot.

I do not think mass adoption is going to happen. So that is where we prob differ in opinion.
So when I hear about somewhat techy people asking about how to get bitcoin.. those ppl == ur mom.

Missionary

full member

Activity: 224

Merit: 100

Quote from: fcmatt on March 29, 2013, 08:38:36 PM

Quote from: Missionary on March 29, 2013, 08:29:15 PM

When non-tech friends of mine are asking me for help on how to get bitcoins, that's a signal for me that we still have not peaked. The current drop or flat-out could just be because of the long weekend. No banks are open (at least not in Sweden) during friday-monday this weekend.

That is the exact opposite reasoning of what to do when being told of the legendary story about a rich man who owns stocks hearing the elevator boy wanting to buy stocks before the great crash of the market.

Seems like everything is bullish right now.

When my mom want's to buy, then I know that it's time to sell. This is NOT mass adoption, not by a long shot.

fcmatt

legendary

Activity: 2072

Merit: 1001

Quote from: Missionary on March 29, 2013, 08:29:15 PM

When non-tech friends of mine are asking me for help on how to get bitcoins, that's a signal for me that we still have not peaked. The current drop or flat-out could just be because of the long weekend. No banks are open (at least not in Sweden) during friday-monday this weekend.

That is the exact opposite reasoning of what to do when being told of the legendary story about a rich man who owns stocks hearing the elevator boy wanting to buy stocks before the great crash of the market.

Seems like everything is bullish right now.

Ichthyo

hero member

Activity: 602

Merit: 500

Quote from: proudhon on March 29, 2013, 08:23:36 PM

Sell. Buy back in the single digits. The long slow slide has begun.

Proudhon, you are like a ghost: you need to repeat the actions from the first crash in 2011 over and over again... sell right before the top, buy back when it rebounds... Wink

drawingthesun

legendary

Activity: 1176

Merit: 1015

Quote from: Missionary on March 29, 2013, 08:29:15 PM

When non-tech friends of mine are asking me for help on how to get bitcoins, that's a signal for me that we still have not peaked. The current drop or flat-out could just be because of the long weekend. No banks are open (at least not in Sweden) during friday-monday this weekend.

Thanks, yeah I guess we can't really know what's going to happen until Monday/Tuesday depending where you live. Although I will kick myself if Tuesday comes and instead of $100 we get $10

Missionary

full member

Activity: 224

Merit: 100

When non-tech friends of mine are asking me for help on how to get bitcoins, that's a signal for me that we still have not peaked. The current drop or flat-out could just be because of the long weekend. No banks are open (at least not in Sweden) during friday-monday this weekend.

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Quote from: proudhon on March 29, 2013, 08:23:36 PM

Sell. Buy back in the single digits. The long slow slide has begun.

No chance, my virtual friends and I are buying up all the 'coin at $10-$15 so it'll never be single digits again...

...unless we're discussing dollar price per mBTC of course. Grin

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: drawingthesun on March 29, 2013, 08:21:46 PM

I expected 100 to be broken without any hassle at all, but now we have stopped and are sitting cautiously below 90.

I wonder what that means? This is actually feeling like the top because we have not added any major services in the last month and the rise has been because of speculation.

What do we do? Sell high and buy low? Or hold all the way to the bottom?

Sell. Buy back in the single digits. The long slow slide has begun.

drawingthesun

legendary

Activity: 1176

Merit: 1015

I expected 100 to be broken without any hassle at all, but now we have stopped and are sitting cautiously below 90.

I wonder what that means? This is actually feeling like the top because we have not added any major services in the last month and the rise has been because of speculation.

What do we do? Sell high and buy low? Or hold all the way to the bottom?

Topic: BTC/USD down from top, getting ready to drop? - page 2. (Read 2314 times)