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Topic: Is the blood on the street drying up? (Read 2007 times)

hero member
Activity: 602
Merit: 500
March 11, 2015, 04:35:34 PM
#23
My opinion is that it will still continue to rise in the $300-$340 and it will probably stabilize in that range for awhile.

How do you come to that conclusion? Definitely not at $340 or near that mark! There's a major resistance line around there and we'd be falling back into a falling wedge if that really happens!

Its just based on my observation like i said its only my opinion and lets just see what happens this coming days.
legendary
Activity: 1918
Merit: 1012
★Nitrogensports.eu★
March 11, 2015, 10:27:47 AM
#22
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

My strategy is to be happy with the paper profits that I have made.
I do think that the pessimism associated with bitcoin's price is finally lifting and a bull run may be in order.
I definitely don't want to regret missing out on it.  Smiley
sr. member
Activity: 280
Merit: 250
Relax!
March 11, 2015, 05:58:06 AM
#21
My opinion is that it will still continue to rise in the $300-$340 and it will probably stabilize in that range for awhile.

How do you come to that conclusion? Definitely not at $340 or near that mark! There's a major resistance line around there and we'd be falling back into a falling wedge if that really happens!
hero member
Activity: 602
Merit: 500
March 11, 2015, 05:32:35 AM
#20
My opinion is that it will still continue to rise in the $300-$340 and it will probably stabilize in that range for awhile.
sr. member
Activity: 280
Merit: 250
Relax!
March 11, 2015, 05:16:23 AM
#19
The biggest (and possibly only) chance for bears or people who haven't gotten on the train until now is that we bounce off of $350... That could push us back to $100 even... But I think we'll break that resistance!
hero member
Activity: 490
Merit: 500
March 11, 2015, 01:53:47 AM
#18
good wits jump

ALREADY set the sell orders at $295, I predict prices will return to $250 after a week
hero member
Activity: 728
Merit: 500
March 10, 2015, 02:21:40 PM
#17
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

i think that's a bad idea given that the historical ramps have been on the order of 10x. 

+1 ^^this^^

it's understandable that people have forgotten how crazy high it can get after a 14 month bear market. Remember all it takes is 0.2%of world population to decide they want just one bitcoin each, and it would be impossible even at $1 million/bitcoin.

I think what's strange is the fact that it's happening so fast and right after capitulation, thought we'd go sideways for a while first

I'm thinking this is because the correction down from $1200 -> $200 was too much, and the market is oversold.  BTC's value after everything that improved in the infrastructure since summer 2013 means it probably belongs at a value quite a bit above $200.
hero member
Activity: 490
Merit: 500
March 10, 2015, 02:11:36 PM
#16
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

i think that's a bad idea given that the historical ramps have been on the order of 10x. 

+1 ^^this^^

it's understandable that people have forgotten how crazy high it can get after a 14 month bear market. Remember all it takes is 0.2%of world population to decide they want just one bitcoin each, and it would be impossible even at $1 million/bitcoin.

I think what's strange is the fact that it's happening so fast and right after capitulation, thought we'd go sideways for a while first
hero member
Activity: 634
Merit: 500
March 10, 2015, 01:51:12 PM
#15
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

Even whispering bubble isn't justified until $1251. I think a preposterous upswing in price is just what's needed now to finally get mainstream adoption up and running, people will be sprinting to their banks if they know the story.
full member
Activity: 168
Merit: 100
March 10, 2015, 01:50:49 PM
#14
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. \

ACtually I feel the rise hasn't been in the bubble trend this time. Usually I have seen price rising and falling by 50 $ in one day. but this time its going up slowly, and has been a lot of days that it has been increasing since.
legendary
Activity: 1330
Merit: 1003
March 10, 2015, 01:19:18 PM
#13
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.  

Or maybe you have another strategy? Do tell.

I've been gradually buying small amounts for months. I'm in for the long term.

EDIT:

<< First post as a Hero Member.  Smiley
sr. member
Activity: 280
Merit: 250
Relax!
March 10, 2015, 01:05:19 PM
#12
It really isn't that fast... I remember the price fluctuating over $100 a year ago, even back in January we saw a $250-$310 rise within 12 hours - that was a bubble. Breaking out with some momentum isn't bad at all!
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
March 10, 2015, 01:03:14 PM
#11
Great insights guys. And interesting reading.

Who knows? But It seems like the dead wood has been cut out and some sort or rally is at hand. My strategy is to run counter to the market, so while I'm happy to see a rally, crashes are my buy signal.
hero member
Activity: 924
Merit: 1000
March 10, 2015, 12:29:49 PM
#10
As past price movements set the market up for future movements, I do expect that the correction from this long bear market will be significant, but it won't happen in a day. More like a matter of months.

We are still digging ourselves out of the grave... next stop is the foothills above $500, then the injection of more outside capital as the herd begins panic buying will fuel a relatively quick parabolic rise that of course will not be sustainable and will burst in tremendtous fashion as the cycle begins again.

That is, barring any major catastrophe Wink
legendary
Activity: 1106
Merit: 1007
Hide your women
March 10, 2015, 12:16:20 PM
#9
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

i think that's a bad idea given that the historical ramps have been on the order of 10x. 

+1 ^^this^^

it's understandable that people have forgotten how crazy high it can get after a 14 month bear market. Remember all it takes is 0.2%of world population to decide they want just one bitcoin each, and it would be impossible even at $1 million/bitcoin.
legendary
Activity: 1204
Merit: 1028
March 10, 2015, 12:15:31 PM
#8
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.
Sometimes new price paradigms are created throw big fast price rises than seem like bubbles, but then after a small correction they don't pop. So never see fast price surges as a negative thing.
hero member
Activity: 728
Merit: 500
March 10, 2015, 12:06:12 PM
#7
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble.

I'm bullish on these consistent gains, but am nowhere near ready to start talking bubble yet.  If we keep going at the rate of February through the month of March and into the beginning of April, though, and then it might be time for bubble-talk.

I think we have a ways to go upward to get back to BTC's current expected value.  The correction from $1200 -> $200 seems like it was oversold.

legendary
Activity: 3542
Merit: 1352
March 10, 2015, 11:29:04 AM
#6
It looks like some upward pressure is building and I'm not sure I like it. This rise is fast enough that it looks like another bubble. It would be better, IMO, if we saw a rise of $5-6USD per week. But whatever. For the moment I'm going to stop buying and move into a spending phase.
Remember the best time to buy is when there is nothing but pessimism and "blood on the streets". Now that we are rallying it is a better time to spend coins and take some profits. So the $230 bitcoin you bought last week is now super money worth more than what you paid.   

Or maybe you have another strategy? Do tell.

I honestly consider this as a good profit already (I sold a bit when the price reached $300). The pressure from the buy side is high, and I can't tell whether I like it or not. I guess I like the slow rises better than this one though it still is pretty good for me.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
March 10, 2015, 11:24:02 AM
#5
Hmmm, well as someone who only has about 7.5btc to my name I am holding tight for the long term...
Makes sense. It looks like it may go up for a while. If only we could know the future, then we could spend before the pop and buy back before the next ramp. 

i think that's a bad idea given that the historical ramps have been on the order of 10x. 

True. My hope (that is all it really is) would be for a flattening of the ramp to a slow climb rather than a boom/bust cycle. It may just be the way BTC works and a permanent feature?

i don't see any fast rise, it looks to me a slow climb, which is good, a really slow rise like 5-6 dollars per week, can't be achieved now, we need more adoption for that

my strategy is to hold for now, shorting now it's crazy, better to wait for a bit we will pass 300-350 easily
Yes. adoption is the key. The *problem is that speculators are not basing their price on utility. They are trying to guess future demand. That normally leads to overshooting the mark and inevitably crashing to correct.

*Since this is what speculation is, it's not really a problem.
legendary
Activity: 3248
Merit: 1070
March 10, 2015, 11:14:53 AM
#4
i don't see any fast rise, it looks to me a slow climb, which is good, a really slow rise like 5-6 dollars per week, can't be achieved now, we need more adoption for that

my strategy is to hold for now, shorting now it's crazy, better to wait for a bit we will pass 300-350 easily

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