No more rallies for a looong time | Bitcointalksearch.org

fewcoins

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Quote from: Tzupy on November 06, 2014, 12:09:39 PM

Quote from: wobber on November 06, 2014, 12:07:10 PM

For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

Um, my strategy would be different. If 420$ resistance won't be broken within about a week, prepare to buy below 250$.

Correct, 420 resistance will be a very important ceiling I hope we can break. If we only touch 400 then yes I would be very worried... but staying more or less at 350 isn't scary it's predictable.

Tzupy

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Quote from: wobber on November 06, 2014, 12:07:10 PM

For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

Um, my strategy would be different. If 420$ resistance won't be broken within about a week, prepare to buy below 250$.

wobber

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For me it seems too predictable to have a rally in november again so it won't happen. Preparing to sell at 370 and buy back lower (even 320 would do it).

kingscrown

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http://fuk.io - check it out!

i have a feelign we will surpass 420 within next few days - fingers crossed

djangocoin

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Brave New World

Doesn't it usually tank before a huge bubble? you know so they can buy back cheap en masse then sell high etc...

xybersurfer

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Quote from: jaberwock on November 03, 2014, 06:50:20 AM

Quote from: Newbie1022 on November 02, 2014, 10:09:20 PM

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.

So the buying volume is equal the selling volume.

No idea what you meant

the difference is that some trades are:
- triggered by a buy
- the others are triggered by a sell

i think the first drives the price up and the second does the opposite

grimoir

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Quote from: SBradford on November 06, 2014, 01:39:16 AM

Depends what is your definition of long time. For some it's an overnight for others it is a lifetime. Define your longtime? 6 months? 5 years ? 20 years? 50 years?

i don't think he has got any idea what he is talking about. he is the kind of guy (legendary) who thought bitcoin will never reach $100 a coin back in 2010/2011.

ravenjt

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This market is volatile enough to see 400+ prices AND still be on a downward trend

SBradford

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Depends what is your definition of long time. For some it's an overnight for others it is a lifetime. Define your longtime? 6 months? 5 years ? 20 years? 50 years?

K128kevin2

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Volume seems to have been going up a lot and prices are still shifting a lot. Definitely still a lot of people trading. I am almost positive that you are incorrect to say that we will not see prices over $400 in the next 6-8 months. That seems like a very unreasonable prediction.

picolo

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Quote from: wobber on November 02, 2014, 09:41:02 PM

Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.

Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.

Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price Sad

I am confident we will see more than 400$ in the next 4months and probably before the end of the year, the market is volatile and there is a lot of selling going on but bulls will come back and bid the price up soon

PenAndPaper

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Quote from: wobber on November 02, 2014, 09:41:02 PM

Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.

Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.

I don't want to doubt your psychic abilities or to imply that your crystal ball isn't working Tongue

but the trading volume was really high on mid Sept - mid Oct (maybe on a 6 month high). Does "bearwhale slaying" ring any bells?

Supercrypt

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i think max we can see this year is 500$ per BTC
even it seems hard now

wobber

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Quote from: fewcoins on November 05, 2014, 10:56:00 AM

Quote from: jaberwock on November 03, 2014, 06:50:20 AM

Quote from: Newbie1022 on November 02, 2014, 10:09:20 PM

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.

So the buying volume is equal the selling volume.

No idea what you meant

Yes, except most "sellers" don't really have btc but rather they're shorting it! So they need to buy back those bitcoins at some point... That's what will really make this thing rocket upwards

Yes. rockets... I have this magic globe and I can see it too.

fewcoins

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Quote from: jaberwock on November 03, 2014, 06:50:20 AM

Quote from: Newbie1022 on November 02, 2014, 10:09:20 PM

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.

So the buying volume is equal the selling volume.

No idea what you meant

Yes, except most "sellers" don't really have btc but rather they're shorting it! So they need to buy back those bitcoins at some point... That's what will really make this thing rocket upwards

jaberwock

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Quote from: Newbie1022 on November 02, 2014, 10:09:20 PM

He means buying volume. That said, I think we are up from, here... more or less.

everytime someone sells, another one buys.

So the buying volume is equal the selling volume.

No idea what you meant

inca

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Quote from: wobber on November 03, 2014, 05:27:32 AM

Quote from: EFS on November 03, 2014, 05:21:32 AM

I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.

But you won't see any. Almost everyone still thinks 10,000 per BTC by the end of the year.

Really? Lol.

wobber

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Quote from: EFS on November 03, 2014, 05:21:32 AM

I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.

But you won't see any. Almost everyone still thinks 10,000 per BTC by the end of the year.

EFS

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Crypto Swap Exchange

I love these type of threads. If we can see more threads like this, then we can say the time has come. We only need a few more weeks/months.

cinder

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Quote from: wobber on November 02, 2014, 09:41:02 PM

Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.

Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.

Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price Sad

Rally only comes when you least expected it. The condition for rally is actually quite high as the supply will start going down due to negative profit.

NotLambchop

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Quote from: Elwar on November 03, 2014, 03:46:38 AM

The amount of despair I have seen lately tells me that it is a great time to buy.

I prefer hysteria...but a long period of despair is good too.

Less talk. More buying. Problem solved.

JimboToronto

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You're never too old to think young.

Quote from: Ibian on November 03, 2014, 12:14:55 AM

Whoever is keeping the price down has no reason to stop.

Other than running out of bitcoins to sell.

seleme

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Duelbits.com

Quote from: Nagle on November 03, 2014, 03:15:43 AM

Quote from: seleme on November 02, 2014, 09:51:48 PM

There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.

The number of transactions is up, but the total amount of the transactions is not.

He didn't say transactions but trading volume and last bottom at 275 had the biggest volume last 6-7 months.

AceWallen

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Quote from: Ibian on November 03, 2014, 12:14:55 AM

On the upside, we can't go much lower from here either.

we can't?

zby

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What if a rally was just waiting for this thread?

spiderbrain

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I'm not convinced. At some point the low price will discourage new mining operations from starting, and the price will stabilise. That is a signal for an entry point for people who have been waiting for this downtrend to end before buying in. That said, I don't think we're going over 600 until the next reward halving, but bitcoin is, in general, entirely unpredictable, so who knows.

adaseb

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No that is not true. There are rallies. and each and every rally that we had for almost the same 6 months was sold off.

I made some good money selling on rallies.

Elwar

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Viva Ut Vivas

The amount of despair I have seen lately tells me that it is a great time to buy.

I prefer hysteria...but a long period of despair is good too.

thms

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Bitcoin is going to crash to below $50 in the first few weeks of 2015.

Nagle

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Quote from: seleme on November 02, 2014, 09:51:48 PM

There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.

The number of transactions is up, but the total amount of the transactions is not.

SBradford

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Well you might be right, but what is 6 months in the big picture? In years and decades? It's nothing really.

fewcoins

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Quote from: Newbie1022 on November 02, 2014, 10:09:20 PM

He means buying volume. That said, I think we are up from, here... more or less.

Basically... more or less Undecided

Ibian

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Yep. Whoever is keeping the price down has no reason to stop. On the upside, we can't go much lower from here either.

Nrcewker

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DGbet.fun - Crypto Sportsbook

the end of this year would a explosion

Newbie1022

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He means buying volume. That said, I think we are up from, here... more or less.

seleme

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Duelbits.com

There might not be rallies soon but volume argument is one of the worst you might use for it as the volume in October was the biggest in last 7-8 months.

wobber

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Remember when in May I said that there won't be any rally in the next few months? Now, seeing the price going down so much, I am CONFIDENT we won't see anything more than $400 in the next 6-8 months, even more.

Bitcoin is simply not traded anymore. Maybe it's used as currency, I don't know. But trading volume is insanely low.

Nothing, but nothing is gonna happen. Thing is, I know people sell at a loss to get out but that's only going to put even more downward pressure on the price Sad

Topic: No more rallies for a looong time (Read 3601 times)