Topic: Bulls and Bears! Who will win? (Read 1126 times)
I think to buy BTC now (Gox) is quite high risk.
Selling is risky, but less risk given we've had multiple attempts at going up and failed everytime.
Selling is risky, but less risk given we've had multiple attempts at going up and failed everytime.
If by high risk you mean you can deposit into Mt Gox but cannot withdraw, then yes it is a high risk. Don't use Mt Gox, it is a very polished scam. It's for new buyers who haven't heard of other exchanges. They go with the biggest which is Mt Gox. Older buyers should know better. Try BTCe or Bitstamp. I hardly even go to the MtGox website anymore because they display false data in terms of bitcoin value.
True we have tried to go down multiple times also, but to go up costs money, to go down doesn't cost anything.
Given the parabolic rise.. (200-1200).. fall (450) and then this bull run to +1090.. I think we are due a correction, IMO to 650-770... but this could take 2-3 weeks to slowly reluctantly work its way down
Other's thoughts ?
This is a new year, very much different to a couple of months ago. Yes, we are overdue for a correction but no, I do not believe we will see it go down to as far as 650, there are too many big walls to allow this to happen. Only some monolithic sell wall -- like the stolen Silk Road coins for example -- is likely to make a dent. Have a look at order book, a correction is way overdue but not likely to happen, or at least a proper correction anyway.
I cannot recommend using last year's figures of bitcoin's rise from 200 to 1200 (actually, it was more than that) to predict this year's as there is an added factor that wasn't present last year in the form of buy and sell bots. You cannot think that because it rose so quickly that it will plummet in the same way this year and crash down to say 200. Any profit to be made in bitcoining is now to be had in shorting big amounts. Last year will not be repeated as long as these wealthy players and their bots remain in the field.
The bulls will win because that is good for everyone
Because in the begin there was light and bulls
seriously now, every enterprise starts with a positive faith in the future and even when it's dies... it's dies like supernova 
Selling is risky, but less risk given we've had multiple attempts at going up and failed everytime.
True we have tried to go down multiple times also, but to go up costs money, to go down doesn't cost anything.
True we have tried to go down multiple times also, but to go up costs money, to go down doesn't cost anything.
You have it all mixed up, going up doesn't cost anything but fiat which is abundant, going down costs real BTC money.
It is known.
Didn't know there was a contest.
Who sets the price is the market speculators.
Do you think that is the computer at home that sets the price?
At this time both can go up as down, because it is to negotiate a side, hence the question channel.
greetings
Market speculators no longer set the price. No speculators have the kind of money I have seen recently on the sellwalls on Bitstamp. It is not sky-rocketing OR plummeting and I see it set to continue with no end in sight. I don't know what they hope to achieve but they are effectively limiting profit through more conventional trading and seem to be forcing shorting. This was not the case last year.
Didn't know there was a contest.
Who sets the price is the market speculators.
Do you think that is the computer at home that sets the price?
At this time both can go up as down, because it is to negotiate a side, hence the question channel.
greetings
Didn't know there was a contest.
Sure there's a contest. Everyone throws up a chart, chats about the latest news, gets pissed that not everyone agrees with them and invariably the thread gets derailed. Eventually the argument is settled by everyone whipping out their dicks and comparing length and girth. Its how the speculation forum works.
Didn't know there was a contest.
Bulls will win because technology.
Thanks for reading.
Thanks for reading.
The bulls will win because that is good for everyone
BTC/USD - | Bitcoin - Dollar |
Bulls and Bears! Who will win?
Chart of 240 minutes
Blog - Bull And Bear Markets
Bulls and Bears! Who will win?
Chart of 240 minutes
Blog - Bull And Bear Markets
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