Topic: Short-Term Market Movement Discussion/Predictions - page 2. (Read 7065 times)
+1
Just wait until the end of May. Corrections do not happen in a couple of days, or even weeks. It happens over months.
It's my humble opinion that 2011 is forever gone. In 2011, the price didn't touch the botttom until the end of the year. In 2013, the price touched the bottom in 2 days and then went its way happily without any burden of the past. 
. It's day time now, many still live in the dark nights.
. It's day time now, many still live in the dark nights.
Yeh yeh yeh. OP you're so smart 
If the 120 wall can manage to hold along with a breakthrough of 140. At the moment, 120 seems to hold a lot of support, but nobody knows how much of it is real or fake walls of large AONs to boost confidence, as the volume and pvt indicate people are looking to buy expecting the price to go down versus up.
Due to the fact that the alt-coins are so interlocked in performance with one another, we can use them as an indicators on the future price of BTC, but that's unlikely as it is always the other way around. BTC determines the price of the alt-currencies. At the moment, I believe it is a safe bet to hedge against btc using fiat and alt-coins with nmc probably being the least volatile (before fiat ofc) and ltc/ppc having the most upside but strong correlation with btc price.
I am looking forward to where the price will be by Thursday May 2nd. The selling pressure has diminished but seems that buying confidence is also down. Volume has hit an all-time low.
My recommendation is to hold at least 40% of total portfolio as fiat or alt-coin with conservatively placed stop/limit orders, it is extremely risky at this point to hold all assets in BTC as the price can move sharply in any direction. Best of luck
Due to the fact that the alt-coins are so interlocked in performance with one another, we can use them as an indicators on the future price of BTC, but that's unlikely as it is always the other way around. BTC determines the price of the alt-currencies. At the moment, I believe it is a safe bet to hedge against btc using fiat and alt-coins with nmc probably being the least volatile (before fiat ofc) and ltc/ppc having the most upside but strong correlation with btc price.
I am looking forward to where the price will be by Thursday May 2nd. The selling pressure has diminished but seems that buying confidence is also down. Volume has hit an all-time low.
My recommendation is to hold at least 40% of total portfolio as fiat or alt-coin with conservatively placed stop/limit orders, it is extremely risky at this point to hold all assets in BTC as the price can move sharply in any direction. Best of luck
yawn who cares, it was $30 just a few months ago, and your all worried about it going to 100?
300% above where is was.....?
....strong hands....
just don't sell out even if it goes to 0.00001.....buy buy buy
300% above where is was.....
?....strong hands....
just don't sell out even if it goes to 0.00001.....buy buy buy
I wouldnt be surprised if we had a head fake....
Flash to $120 then up to $145+....shake the weak hands out once more haha
Flash to $120 then up to $145+....shake the weak hands out once more haha
It's like 2011 all over again.
Only if we go below $20 or so per coin.
It's like 2011 all over again.
There's no "correct" value. It's how far people dumping coins can push it down (and sucker in panic sellers). And how far people buying coins can push it up (and bring in people wanting a rally). That has nothing to do with Bitcoin's success, adoption rate, how well things are going. Enjoy it, make money off it, try not to get upset.
this..
It's like 2011 all over again.
Well that's great thanks for that.
You mean we can look ahead to 130x growth in 17 months once we reach the bottom? Yes because that's what happened between Nov 2011 and Apr 2013 WITHOUT all the positives and media coverage we just had.
Count me in.
Also: that thing I did in that hotel on New Years Eve 2011 - I won't be doing THAT again.
If you're trolling, at least be amusing eh?
It's like 2011 all over again.
If it crashes down to $50 again (it won't go lower then that, wayyyyy too much money on MtGox and wayyyy too many people believe it's worth far more then $50), lots and lots of people would make a ton of money. So, yeah I hope it does. It will probably be back right here 4 days later.
When it goes from $150 to $50 to $150 again, people make a KILLING. Lots of people want crashes, just so they can have rallies. There's no "correct" value. It's how far people dumping coins can push it down (and sucker in panic sellers). And how far people buying coins can push it up (and bring in people wanting a rally). That has nothing to do with Bitcoin's success, adoption rate, how well things are going. Enjoy it, make money off it, try not to get upset.
The caaaaaalm before the stoorm
The question is, which way
The question is, which way
up. see my other posts.
The caaaaaalm before the stoorm
The question is, which way
The question is, which way
I don't know whether or not I should sleep tonight based upon the current activity at Mt Gox, I still haven't bought back in yet.
I'm sorry but what are you guys talking about?...it's been stable ~130 for a while.I need to stop reading this forum, every time I've lost money it's been because I read some BS on here rather than trust my own instincts.
i have already popcorn and waiting for double digits.
I'm going with pizza this time.
Bitcoin losing credibility as a currency/store of value, it will not just go up again (for the medium-long term) without greater adoption, and the masses wont dip for a high risk investment.
Stop being attached to the credibility outcome. If bitcoin is worth its salt, it will come into its own right when the time is right. This is the same mistake many new businesses make - "we must have mass adoption NOWZ!" - when what's really missing is more infrastructure and value to the customer.
i have already popcorn and waiting for double digits.
It's like 2011 all over again.
What's wrong with that? You could make a lot of money in 2011. I missed out that time, this time I'm paying attention.
The BTC community is mostly young people with little trading experience, and it shows. Novice traders expect every price move to be a straight line from A to B, and every trend to continue linearly in perpetuity.
Prices NEVER go vertical without crashing. Crashes virtually always rebound. Big sudden moves in any direction are almost always partially retraced, and often temporarily. And markets susceptible to fervor are equally susceptible to panic.
Bitcoin losing credibility as a currency/store of value, it will not just go up again (for the medium-long term) without greater adoption, and the masses wont dip for a high risk investment.
It's like 2011 all over again.
What's wrong with that? You could make a lot of money in 2011. I missed out that time, this time I'm paying attention.
The BTC community is mostly young people with little trading experience, and it shows. Novice traders expect every price move to be a straight line from A to B, and every trend to continue linearly in perpetuity.
Prices NEVER go vertical without crashing. Crashes virtually always rebound. Big sudden moves in any direction are almost always partially retraced, and often temporarily. And markets susceptible to fervor are equally susceptible to panic.
I'm probably going to regret this, but I'm 75% in at roughly $127, enough with the greed, May here we come.
Doesn't sound too bad.
Either we're cooling down roughly at $125 (and then we'll see more in some hours or days), or we're going really lower, and in the latter case I wouldn't go in at $120, rather wait first and see if we make it lower.
Yeah, better to take a small loss than lose everything to greed. If we go below 90$ in some freak accident though I may punch myself in the face. At the same time my real goal is to become a master trader over the next few years, so I wont pout. Ill be patient and stick with it.
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