bubble pop or just a bump in the road?

Boxman90

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Quote from: matt608 on November 19, 2013, 03:45:48 PM

Its just a big bump in the road up the mountain. Any crashes that happen today or in the next week wont keep the price down, it will rise back up very quickly, but they will occur.

Unfortunately Bitcoin had to be stubborn and chose the most dangerous route up, the steepest one with the 60 degree incline. Even the best of 4x4's has a high risk of tumbling off that cliff --> total loss

The first 25 seconds of this illustrates what I mean:

http://www.youtube.com/watch?v=ysbhhumSPCI

Best analogy ever imo

ThatDGuy

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Quote from: dave111223 on November 19, 2013, 08:45:00 AM

You got to be shitting me if this bounces back over $500

Consider yourself shat!

matt608

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Merit: 1000

Its just a big bump in the road up the mountain. Any crashes that happen today or in the next week wont keep the price down, it will rise back up very quickly, but they will occur. It will take more than a few swings to get all the exchanges up over $1000, then we'll charge onto $2000 and probably reach around $3000, with the Chinese leading the way the difference between the exchanges will get larger and larger. I'm using the btcchina prices here for my estimates, bitstamp will be around $2000 or even $1800 while btchina is up at $3000. After that I don't know. Maybe a crash to $1000 where we will settle or maybe a bit lower. Haven't a clue where it will end up once things 'settle' if they even do settle. It could just keep frothing madly upwards like this for a long time with more bull news spurring it on.

piramida

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Borsche

No, it's you don't know how exchange works. See, when the range is bought out, even 0.001 btc buy would move it all the way back.

Kouye

sr. member

Activity: 336

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Cuddling, censored, unicorn-shaped troll.

Bitstamp :
Droped from over 600 to ~525 within a few minutes, and flew back up from 525 to 565 in less than a second.
Someone's still playing, I guess.

favelle75

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Quote from: dave111223 on November 19, 2013, 08:46:03 AM

Dee Snider?

favelle75

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Quote from: dave111223 on November 19, 2013, 08:10:46 AM

It's definitely in crash mode. IMHO $350 here we come.

I hope so. I'd LOVE to double my position! Sold at $740.

N12

donator

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BitcoinTraderFX, where do you trade with near 0 fee? Bitstamp and MtGox have very high fees, and they're the largest non-chinese exchanges.

antimattercrusader

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*Thud* what was that? Bump? Cat?

Best to navigate the bitcoin market with a lifted 4x4 truck.

BitcoinTraderFX

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There are two perspectives you can take when it comes to all this stuff. The Investor perspective and the Trader perspective.

Investors are usually punished for going in and out because of transaction costs. The more they churn, the brokerage makes the money.

Traders overcome this by having higher accuracy, and profiting on the ups and downs in order to overcome the transaction costs (commissions).

*BUT* since the transaction costs of bitcoin trading are close enough to zero, a little optimal buying and selling isn't a bad idea.

Even if you simply bought at lower pivots, then used that pivot as a "get out" point, you wouldn't be hurt since the commissions are so low.

bassclef

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Quote from: phlogistonq on November 19, 2013, 10:02:16 AM

Quote from: pheaonix on November 19, 2013, 08:45:26 AM

to buy in this uncertainty is begging to lose money.

To not buy means missing out on a great opportunity.
You'll be one of those 'I could have bought at $400, but now it is $10,000. I'm so sad, please give me some coins'.

I bought near the top of the April bubble around $230. Felt a bit silly temporarily, but do I regret that decision? Nope!

I'm actually buying a little every week with disposable income. Dollar cost averaging.

BitcoinTraderFX

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From a purely technical perspective (if going by the rules of the re-establishment of an uptrend) then bitcoin has to make it above the SR line that was formed.

Sage

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Quote from: pheaonix on November 19, 2013, 08:45:26 AM

Quote from: wopwop on November 19, 2013, 08:43:50 AM

Quote from: dave111223 on November 19, 2013, 08:43:20 AM

Epic bear trap?

yep

gonna suck if you didnt buy these cheap coins. you'll see tomorrow, ppl crying they didnt buy HAHA

to buy in this uncertainty is begging to lose money.

Posts like these re-enforce my current buy signals.

Now's the time to buy folks.

But ya gotta have nerves of steel, and buy all the way through the dip.

phlogistonq

full member

Activity: 159

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Quote from: pheaonix on November 19, 2013, 08:45:26 AM

to buy in this uncertainty is begging to lose money.

To not buy means missing out on a great opportunity.
You'll be one of those 'I could have bought at $400, but now it is $10,000. I'm so sad, please give me some coins'.

pheaonix

sr. member

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http://casinobitco.in/ A+ customer support

i love lazy eyed tranvestites

dave111223

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pheaonix

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http://casinobitco.in/ A+ customer support

Quote from: wopwop on November 19, 2013, 08:43:50 AM

Quote from: dave111223 on November 19, 2013, 08:43:20 AM

Epic bear trap?

yep

gonna suck if you didnt buy these cheap coins. you'll see tomorrow, ppl crying they didnt buy HAHA

to buy in this uncertainty is begging to lose money.

dave111223

legendary

Activity: 1190

Merit: 1001

You got to be shitting me if this bounces back over $500

Morbid

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wow impressive!

wopwop

sr. member

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Quote from: dave111223 on November 19, 2013, 08:43:20 AM

Epic bear trap?

yep

gonna suck if you didnt buy these cheap coins. you'll see tomorrow, ppl crying they didnt buy HAHA

Topic: bubble pop or just a bump in the road? (Read 2680 times)