Relax people. - page 2. | Bitcointalksearch.org

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: cbeast on January 25, 2013, 08:49:43 AM

Quote from: ElectricMucus on January 25, 2013, 07:27:50 AM

Quote from: cbeast on January 25, 2013, 07:22:32 AM

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...

It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: ElectricMucus on January 25, 2013, 07:27:50 AM

Quote from: cbeast on January 25, 2013, 07:22:32 AM

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...

It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

This dump was very good. Cautious up movement is always better than panic buying "because prices would never be so low again" - that was a needed lesson that prices will be this low again, much more than once, no need to panicbuy every last BTC in existence. Slow, steady growth. There's enough coins for everyone.

bonker

hero member

Activity: 784

Merit: 502

Could be a pump and dump. Easy to do in such a small market.

Foxpup

legendary

Activity: 4536

Merit: 3188

Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: cbeast on January 25, 2013, 07:22:32 AM

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

Actually, it's the exact opposite of a dead cat bounce. This is a live cat. Bouncing off the ceiling. In an attempt to break through it. Dead cats don't do that (unless you throw them real hard).

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: cbeast on January 25, 2013, 07:22:32 AM

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

Crypt_Current

hero member

Activity: 686

Merit: 500

Shame on everything; regret nothing.

Everyone just clam down! -- Adamasdltjslejgsdolgjbit

zby

legendary

Activity: 1594

Merit: 1001

Still very good profit for everyone who bought at 13 - they can still sell and secure it and I guess many will do driving the price a little bit lower.

goldlyre

hero member

Activity: 1112

Merit: 512

Quote from: stochastic on January 25, 2013, 12:13:12 AM

Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000. That is selling time because the market is saturated with no one left to buy.

Where's the saturation you've mentioned? You mean a small cake of 50g can feed up 1000 people?

stochastic

hero member

Activity: 532

Merit: 500

Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000. That is selling time because the market is saturated with no one left to buy.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Ignore@YourPeril on January 24, 2013, 10:49:49 PM

Quote from: goldlyre on January 24, 2013, 10:33:22 PM

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.

No, the Bitcoin dressin is starting to backtrack... The 50$ light in the end of the tunnel was rather the approaching diesel train of reality...

Good luck with your trades Wink

.

Ignore@YourPeril

full member

Activity: 151

Merit: 100

Quote from: goldlyre on January 24, 2013, 10:33:22 PM

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.

No, the Bitcoin dressin is starting to backtrack... The 50$ light in the end of the tunnel was rather the approaching diesel train of reality...

goldlyre

hero member

Activity: 1112

Merit: 512

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.

CurbsideProphet

hero member

Activity: 672

Merit: 500

Herodes

hero member

Activity: 868

Merit: 1000

dree12

legendary

Activity: 1246

Merit: 1077

Panic sellers at $17 are probably enjoying the ride so far. Time to panic buy!

CurbsideProphet

hero member

Activity: 672

Merit: 500

I feel a meme of the Iraqi minister of information coming soon...

knight22

legendary

Activity: 1372

Merit: 1000

--------------->¿?

Yup. Just down enough to buy cheaper bitcoins!
Grin

Herodes

hero member

Activity: 868

Merit: 1000

Seems like there's quite a lot of panic selling going on. If you're new to this, relax, we're not going down to 0. Grin

Topic: Relax people. - page 2. (Read 3065 times)