[Daily Speculation Poll] :: The Bitcoin Trap - page 2.

antoineph

full member

Activity: 181

Merit: 100

Quote from: adamstgBit on January 25, 2012, 08:05:45 PM

Quote from: StewartJ on January 25, 2012, 07:14:18 PM

Once-a-week $1 smack-downs, bumping up .50 cents, then week-long sideways movement w/no volume.

Repeat in continuing downward trend. Until positive volume picks up.

now, they know we know. Question is, do they know we know that they know we know! Cool

well, now they do.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: StewartJ on January 25, 2012, 07:14:18 PM

Once-a-week $1 smack-downs, bumping up .50 cents, then week-long sideways movement w/no volume.

Repeat in continuing downward trend. Until positive volume picks up.

now, they know we know. Question is, do they know we know that they know we know! Cool

bb113

hero member

Activity: 728

Merit: 500

The problem is everyone just waits for one of the big players to decide to do something and then ride the waves. I think thats why we see the price jump up or down, then equilibriate halfway in between, until the next big sell or buy occurs. There is too much uncertainty for normal people to make decisions regarding short term trading. Sentiment and the fundamentals appear to be irrelevant, so everyone just waits for whatever big move will occur next.

StewartJ

sr. member

Activity: 392

Merit: 250

Blue Horseshoe loves Anacott Steel.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: ineededausername on January 25, 2012, 07:43:46 PM

We're rapidly moving to despair, and it will only get worse this month (and maybe Feb and part of March)

Brace yourselves for $4! Down we go!

I think you're probably right. A few days ago there was $1.6 million in bids. Now there's $1 million. Some of that got scared off, but a good portion of it was sold into. Now that people are getting scared, more bids will get pulled and we'll probably get an accelerated downward movement - aka, panic. As a side note, it would take an immediate $1 million just to get the price back to $7.20; that's in the event of a sudden order placed for everything between the current price and $7.20. The resistance is getting a lot stronger. I think a couple things are happening at once - (1) more bitcoins are being moved to MtGox, and (2) not much new money is coming in. Nagle could still be proved right, in the end. We could just be witnessing the fighting last breaths.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

We're rapidly moving to despair, and it will only get worse this month (and maybe Feb and part of March)

Brace yourselves for $4! Down we go!

StewartJ

sr. member

Activity: 392

Merit: 250

Once-a-week $1 smack-downs, bumping up .50 cents, then week-long sideways movement w/no volume.

Repeat in continuing downward trend. Until positive volume picks up.

teflone

hero member

Activity: 770

Merit: 500

You're fat, because you dont have any pics on FB

Quote from: adamstgBit on January 25, 2012, 06:41:16 PM

i see slow climbs and fast drops as the new trend. bitcoin!

I see large fast drops, and slow descents the norm.. What feed are you watching ?

Vandroiy

legendary

Activity: 1036

Merit: 1002

Assuming the "poping" of "the 7.20 bubble" means the bust continuing after the echo bubble, yes.

I already wrote that though, more than two weeks ago. Tongue

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

i see slow climbs and fast drops as the new trend. bitcoin!

Topic: [Daily Speculation Poll] :: The Bitcoin Trap - page 2. (Read 2501 times)