Topic: Nobody is fearful for another crash? (Read 2284 times)

I'm not fearful; rather, I'd prefer a crash of sorts so I can continue stocking up cheaply.

Truth be told, I'm fearful the price will keep going up and up before I can fully invest.

It has never stayed in such a narrow range for two weeks.

Agreed... Im really surprised we didnt correct down farther/faster already.

only afraid of the weekend crash 

+1

This just looks like fairly bullish consolidation to me.

As long as it stays in the 6.4-6.8 range (spikes for an hour or two non withstanding) I'm confident that we're going to see another solid up push. With the speed of the rally up to now, a week or two of cooling/consolidating around 6.6 is really just what the doctor ordered for peeps to readjust their mindsets to the fact that bitcoin is a solid investment (for a list reasons much too long to get into in this post).

Especially taking the market behavior over the last couple of days under consideration. Peeps haven't been pouring tons of coins into downspikes like we've seen so much of from July-November. To me at least this is a sign of strength that the market is behaving a lot more maturely following a shaking out of the weaker hands that pussy out at the drop of 4-5k btc.

When it was at 7.20ish the second time it would have taken half a mil to put it to 7.30 -7.35 and simply try to get that momentum going? It didn't look like that to me, but perhaps I was reading something incorrectly. I wasn't suggesting that the 'manipulators' buy everything up to 8.

Yeah... it would only take half a million dollars... assuming you could buy up all the asks before more were placed.  I think we will make it through, but it will take at least a few more days, possibly a week.

Perhaps it has been all manipulators, perhaps not, but why try to ignite a rally in the middle of a sell off/fall like yesterday, and not just smash through the 7.20 resistance when they had the chance?

However, from my experience from the rise to $30 and the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we topped out and will not look back, bitcoin has never failed to turn higher and hit new highs.

FTFY

What I see happens with bitcoin is that someone decided to push the price up higher. This can be done pretty easily in the short term, but after reaching a certain point it becomes significantly more expensive to hold the price at that point. What happens is that this point is reached and nobody wants to pay the price of maintaining at that point, so after a while people just start selling more bitcoins then the manipulators can afford, and the price eventually drops.

You now have a perfert storm, many people who held out selling during the rally up, many people who bought on the way up who want to unload as they see the price starting to fall, basically panic sets in. If I bought anywhere under $5 dollars I would sell right now.

It looks like yesterday there was an atempt to push the price higher, the manipulators were doing their typical expanding bidwalls right below the price of bitcoins, and it stalled.

Remember, the manipulators don't want to be predictible, because they make money from the suckers out there. They may attempt another rally.

However, from my experience from the fall from $30, over months of observing mt. gox prices and bid walls, one thing has come clear. No matter how much I even think that we hit bottom and will not look back, bitcoin has never failed to turn lower and hit new lows.

Many people who you will read saying how bitcoin is going to rally higher, and its the best thing since sliced bread etc. These people are your suckers that put money in the manipulators pockets. Remember, the manipulators manipulate to make money here, they need suckers to buy bitcoins and put money into the system.

got sell limits on bitcoinica every 5 cents from 6.7 to 7.5
see how that goes.

started out with 1 BTC, got me some trading luck. now probably blowing it all.

Up, down, crash, bubble. It's all good. I believe that the fundamentals of bitcoin will provide long term growth.  Of course, I could be wrong.

Maybe when the The Good Wife show is on air, bitcoin will reach its short-term high and have a huge draw down.

How about the middle point between 2 and 7?

Yeah these trolls saying prices are going back to 2.25 need to lay off the crack pipe.

Yep... Fear is how they will trick you into handing over your coins before we move up.

Nope, Bitcoin has proven it can weather the worst storm. Just hang in there

I wonder if there will be another intervention when it drops to 6.4 again.

It's not going to crash but I'm seeing a slow sell off. Back to 2.20 I guess.