Topic: Selloff! - page 3. (Read 9474 times)
Price dropping like a rock. 20% off high
This is the time to buy!
{"ticker":{"high":31.9099,"low":19,"vol":105869,"buy":26.11,"sell":26.2,"last":26}}
{"ticker":{"high":31.9099,"low":19,"vol":105869,"buy":26.11,"sell":26.2,"last":26}}
Let it rain, Baby! 
I could talk about Bitcoin prices all day long.
I could talk about Bitcoin prices all day long.
I think the talking will get less if the price drops...
(No, I'm bullish for BTC)
Let it rain, Baby!
I could talk about Bitcoin prices all day long.
I could talk about Bitcoin prices all day long.
These conversations about the price of BTC are getting just about as interesting as conversations about the weather.
Then you either have a large amount of BTC that your never intend to part with any fraction of, or you hold 0 BTC and never intend to invest.
Ivanish,
technical indicators are concoctions of the past, and in this case are out the window entirely. Float, volitility, news etc etc, are making this mostly unreadable, although I did a "special" analysis last night that told me this was going to 32 within days, that target turned out to be today.
technical indicators are concoctions of the past, and in this case are out the window entirely. Float, volitility, news etc etc, are making this mostly unreadable, although I did a "special" analysis last night that told me this was going to 32 within days, that target turned out to be today.
These conversations about the price of BTC are getting just about as interesting as conversations about the weather.
If you're looking at a 2 day or 3 day analysis of MTGOX/USD, I'd say yes we're in the later phases of an upward trend. 1-2-5 day ADX indicates a strong shift to a downward trend. In fact, the 2 day ADX shows a drop from 65~ ADX upward trend to 35~ ADX downward trend (and rising trend strength).
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments
Numbers do not lie!
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments
Numbers do not lie!I personally don't have much of a dog in this fight. Yet.
But I do probably represent BTC's target market pretty well (reasonably technical auto-didact looking for anonymous non-fiat holdings). The only thing holding me back from investing moderately heavily in terms of a direct USD exchange is the radioactive growth. Im not saying it can't go on like this forever, just that it probably wont, and if and or when that time approaches, there are many like me waiting for a more stable entry point. Just my฿.02
In the meantime, I'll keep on with my 1.5 Ghps.
I hope to in the next few weeks, build a better set of online tools for miners/investors.
I need help to do it in a reasonable time frame, as I'm more of a front end developer than anything... but this community desperately needs better tools. Threads like this one are all the evidence I need for that presumption.
Lol, I thought this was funny. One buyer standing alone again all the sellers.
Loolz I could be me, i went out when the price was 31.89 and bid on 28.51
one hour ago:
You Bought 23.37 BTC for 28.5111!
You Bought 11.63 BTC for 28.5111!
If you're looking at a 2 day or 3 day analysis of MTGOX/USD, I'd say yes we're in the later phases of an upward trend. 1-2-5 day ADX indicates a strong shift to a downward trend. In fact, the 2 day ADX shows a drop from 65~ ADX upward trend to 35~ ADX downward trend (and rising trend strength).
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments Numbers do not lie!
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments
Numbers do not lie!I personally don't have much of a dog in this fight. Yet.
But I do probably represent BTC's target market pretty well (reasonably technical auto-didact looking for anonymous non-fiat holdings). The only thing holding me back from investing moderately heavily in terms of a direct USD exchange is the radioactive growth. Im not saying it can't go on like this forever, just that it probably wont, and if and or when that time approaches, there are many like me waiting for a more stable entry point. Just my฿.02
In the meantime, I'll keep on with my 1.5 Ghps.
I am personally hoping for a big sell of down to 10 or lower again.. I would like a 2nd opportunity to load up.
If you're looking at a 2 day or 3 day analysis of MTGOX/USD, I'd say yes we're in the later phases of an upward trend. 1-2-5 day ADX indicates a strong shift to a downward trend. In fact, the 2 day ADX shows a drop from 65~ ADX upward trend to 35~ ADX downward trend (and rising trend strength).
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments Numbers do not lie!
Son, I don't understand a word you just said.This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments
Numbers do not lie!But, it's time to do some googling.
Hold on to your bits, gentlemen. It's going to be a bumpy ride.
But seriously, hold on to them.
But seriously, hold on to them.
Don't you get it? we aren't going to "cash out." ever. Bitcoin is money. we're cashing out of FRNs.
It is this attitude which will allow bitcoin to become the success we are dreaming of!
Is Bitcoin just hoarded? Didn't 1,173,487.14 Bitcoin changed hands in the last 30 days of the 6,472,000 in existence on MtGox exchange alone? Didn't 103,665 Bitcoins on MtGox alone (www.mtgox.com - trade page) changed hands in the last day? Have Bitcoin as a medium of exchange now been distributed among the masses? Is this a good thing not to have such concentrated Bitcoin wealth?
If you're looking at a 2 day or 3 day analysis of MTGOX/USD, I'd say yes we're in the later phases of an upward trend. 1-2-5 day ADX indicates a strong shift to a downward trend. In fact, the 2 day ADX shows a drop from 65~ ADX upward trend to 35~ ADX downward trend (and rising trend strength).
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments Numbers do not lie!
This is all fine and dandy if you're just looking for a quick buck.
If you switch to a 30day, 60, or 90day view though you'll notice that there is still a 70~ ADX positive trend with the +DI over 50 and the -DI next to 0.
Don't freak out folks. Keep growing bitcoin and shut your pie holes about 'where BTC/USD is going' until you know how to actually read some charts.
Just my ฿.02.
1Lhifrdmq563mZxY5gqYPEN5AdkN7Townd - For if this made you feel better about your investments
Numbers do not lie!
You need to factor in that the entire 30d volume in BTC according to bitcoincharts is less than $12.5million, and that's probably >90% of all the money ever traded. The market cap right now is $200M. So much of this is just on paper gains at this point, which makes anything possible as far as price moves.
N!"
"This is the peak for sure, no way it'll reach $40!"
"It's going to market correct down to $0.30"
"This is the peak for sure, no way it'll reach $40!"
"It's going to market correct down to $0.30"
The frothiness alone would have me liquidating some derivative proportion today.
That said, I'm still a newcomer dying to get USD into BTC. I'm personally not foretelling doom, per se - I doubt very highly that BTC ever crashes (>75% of current rates) - Just that there has to be a significant correction at some point right?
[/quote]
Percentage-wise, it's getting less frothy by the week. If I had a BTC for every newby who made the same comment as you, I'd be Satoshi Jr. People have been predicting a correction since 1BTC, 1USD. Don't you get it? we aren't going to "cash out." ever. Bitcoin is money. we're cashing out of FRNs.
I love these threads, they make me laugh.
Hovering around $3/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $5!"
"It's going to market correct down to $0.30"
Hovering around $8/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $10!"
"It's going to market correct down to $0.30"
Hovering around $18/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $20!"
"It's going to market correct down to $0.30"
Hovering around $30/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $40!"
"It's going to market correct down to $0.30"
Hovering around $3/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $5!"
"It's going to market correct down to $0.30"
Hovering around $8/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $10!"
"It's going to market correct down to $0.30"
Hovering around $18/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $20!"
"It's going to market correct down to $0.30"
Hovering around $30/BTC:
"ZOMG, the market's going to CRASH and BURNNNNN!"
"This is the peak for sure, no way it'll reach $40!"
"It's going to market correct down to $0.30"
We'll I suppose they're all wrong... Until they're right..
The frothiness alone would have me liquidating some derivative proportion today.
That said, I'm still a newcomer dying to get USD into BTC. I'm personally not foretelling doom, per se - I doubt very highly that BTC ever crashes (>75% of current rates) - Just that there has to be a significant correction at some point right?
As long as there's no major event like that though, there's not going to be any major corrections. I doubt we'll ever see a drop of more than 50% in value without a corresponding event.
If it's a truly a paradigm change (like horseback to automobiles), then no, there doesn't have to be a substantial correction.
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