Nice bounce | Bitcointalksearch.org

BlindMayorBitcorn

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Quote from: Wilhelm on October 12, 2014, 05:56:50 PM

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

Look at the trend. Only chance at $200 is either

- Bull trap (short and steep)
- Whalefault (Whale making a typo, got to have your order in)

Other than that, the days of $2xx are ending.

Well good riddance then

Wilhelm

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Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

Look at the trend. Only chance at $200 is either

- Bull trap (short and steep)
- Whalefault (Whale making a typo, got to have your order in)

Other than that, the days of $2xx are ending.

Bernard Lerring

sr. member

Activity: 294

Merit: 250

Quote from: inca on October 12, 2014, 05:19:13 PM

Quote from: Bernard Lerring on October 12, 2014, 05:12:08 PM

Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?

I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.

You think people won't buy bitcoin because they have Christmas presents to buy, seriously?

If the overall trend in bitcoin is not broken then this bear market, whilst painful, is simply a prelude to another jaunt higher. What makes you think we are headed lower out of interest?

Yeah, people like myself that are on a monthy wage will be planning Chritsmas, and that could preclude them from splashing out on BTC. Is that so hard to understand?

exocytosis

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Activity: 476

Merit: 250

Quote from: inca on October 12, 2014, 01:18:00 PM

Quote from: piramida on October 12, 2014, 12:04:41 PM

Quote from: BlindMayorBitcorn on October 12, 2014, 12:00:40 PM

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

I know I will

I know you won't.

Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done

I can't believe my own eyes. I thought you'd never admit this.

inca

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Quote from: Bernard Lerring on October 12, 2014, 05:12:08 PM

Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?

I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.

You think people won't buy bitcoin because they have Christmas presents to buy, seriously?

If the overall trend in bitcoin is not broken then this bear market, whilst painful, is simply a prelude to another jaunt higher. What makes you think we are headed lower out of interest?

Bernard Lerring

sr. member

Activity: 294

Merit: 250

Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?

I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.

CryptoCarmen

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Activity: 84

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★Bitin.io★ - Instant Exchange

Quote from: 247casino on October 09, 2014, 12:15:02 PM

under 300 days ago

almost 400 today

another day in the btc world huh

haha

Agree and then you see people cry why they did not know of Bitcoin in 2011. They can implement their wealth 10 times in just few months.

piramida

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Merit: 1010

Borsche

Quote from: inca on October 12, 2014, 01:18:00 PM

Quote from: piramida on October 12, 2014, 12:04:41 PM

Quote from: BlindMayorBitcorn on October 12, 2014, 12:00:40 PM

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

I know I will

I know you won't.

Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done

Yep. *If* the price really breaks down to 200 the sentiment will be "we all gonna die right now", so 99% of people who say they are waiting for cheap coins will just start waiting for $10 coins or some other silly target. People who did want to buy low, had bought below 300 three days ago; that was probably it.

inca

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Activity: 1176

Merit: 1000

Quote from: piramida on October 12, 2014, 12:04:41 PM

Quote from: BlindMayorBitcorn on October 12, 2014, 12:00:40 PM

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

I know I will

I know you won't.

Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: BlindMayorBitcorn on October 12, 2014, 12:00:40 PM

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

I know I will

I know you won't.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: arvis on October 12, 2014, 11:57:20 AM

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

I know I will

arvis

newbie

Activity: 48

Merit: 0

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

Everybody is saying they will buy at $200. Grin

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

Quote from: Bulletin on October 11, 2014, 01:14:50 AM

So how low the price can go, what do you think ?

0, get out now.

Bulletin

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So how low the price can go, what do you think ?

Snipe85

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Infleum

Quote from: piramida on October 10, 2014, 01:12:18 PM

that dead cat? http://www.roflcat.com/images/cats/xRocket_Cat.jpg.pagespeed.ic.FLFkiVKZV6.jpg

That's a rocket to the moon cat, or I ate too much cat Cheesy

piramida

legendary

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Borsche

that dead cat?

Sunderland

sr. member

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Bitcoin Casino Est. 2013

Yes nice ,i hope price will hit $ 600 again before christmas .
It should hit more than $ 400 after massive panic ,i wonder why this price still between $ 350 -$ 380.

twister

hero member

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It's at $358 now, let's hope it goes up.

Foxpup

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Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: TimeIsARiver on October 10, 2014, 05:15:06 AM

The phrase "dead cat bounce" is getting so overused as to become meaningless.

True. This particular dead cat clearly has the elasticity of a Super Ball.

Welcome to the forum.

TimeIsARiver

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Activity: 2

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The phrase "dead cat bounce" is getting so overused as to become meaningless.

You guys know that it doesn't mean any increase which is then followed by a decrease, right? It refers to a specific pattern where a swift fall is followed by a small and short-lived rally.

The current rally seems, to my eye, to be a sharp correction to bit of fairly blatant market manipulation. Even if you believe that the medium-term downtrend is going to continue, the drop to ~300 was an aberration and this correction isn't a dead cat anything.

FWIW, I'm not convinced that this rally will represent an end to the medium-term downtrend either, but the fall to 300 wasn't part of that downtrend either, but an above-and-beyond spike downwards caused by a whale selling a whole lot of bitcoins at once. I would not draw any conclusions about the long-term prospects, one way or another, from the fall-and-correction.

Topic: Nice bounce (Read 3165 times)