The Rally is ongoing since 12/18/2013
https://www.tradingview.com/x/MKOQfgpF/
Topic: Start of a new rally? (Read 3781 times)
ok. cool. Works for me. 
I'm guessing we will test even lower to flush out the easy money players. Remember that there is plenty of big money that wants to get in the game and as long as there are weak hand players - and there are lots of new ones - they will make repeated efforts to drive the price to lower entry.
Not realistic. 72 million USD sitting in bids waiting on gox. Right now, these money are extremely anxious that they are not participating. They will buy out any dips immediately, so 50% correction is not happening yet, I doubt we will see anything larger than 20% in January. The bull must ride for a while.
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.
--arepo
+1 Having watched this for a couple of years now, this is my read as well. $450 might be the new low, but I'm guessing we will test even lower to flush out the easy money players. Remember that there is plenty of big money that wants to get in the game and as long as there are weak hand players - and there are lots of new ones - they will make repeated efforts to drive the price to lower entry.
This will be healthy for the long-term bull trend, but looks very scary if you don't know what is going on.
That said, I'm not in fiat, and will take advantage of any big drop with new money.
i agree with you but i suspect that $450 is a very solid bottom.
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.
--arepo
+1 Having watched this for a couple of years now, this is my read as well. $450 might be the new low, but I'm guessing we will test even lower to flush out the easy money players. Remember that there is plenty of big money that wants to get in the game and as long as there are weak hand players - and there are lots of new ones - they will make repeated efforts to drive the price to lower entry.
This will be healthy for the long-term bull trend, but looks very scary if you don't know what is going on.
That said, I'm not in fiat, and will take advantage of any big drop with new money.
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.
--arepo
I think you are wrong
Like i said we haven't seen full bear capitulation yet. Arepo and others will eventually spend all their fiat, my guess it will be when we go past 1250 to 1350 in a single day.
Sorry. I misread your post about full bear capitulation. I was thinking about full panicker capitulation where people sell at a loss, not bear capitulation where people buy back in at a loss.
I just woke up. Time to grind some coffee beans.
...there is a window of opportunity based on the classic bubble pattern about 3 weeks ...
blah blah blah blah blah. last May blah blah. 2011 blah blah. Have you not noticed what is going on right now in the Bitcoin world?
Bears in denial?
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.
--arepo
Like i said we haven't seen full bear capitulation yet. Arepo and others will eventually spend all their fiat, my guess it will be when we go past 1250 to 1350 in a single day.
Real goods will not be nominated in bitcoin at least another 10 years. Bitpay is an artificial way to pay in "kinda-bitcoin", while actually you are transacting in USD and bitcoin is just the transfer protocol, but it is not very different from paypal. Actual bitcoin trade is when you pay in bitcoin, the price is set in bitcoin (and dollar price changes depending on the ratio), and merchant receives and keeps bitcoin. This is only possible for digital goods, now.
What about avalon chips? You could buy only for BTC and USB Block errupters using these chips costed about 0.06 BTC no matter how the USD/BTC moved
...there is a window of opportunity based on the classic bubble pattern about 3 weeks ...
blah blah blah blah blah. last May blah blah. 2011 blah blah. Have you not noticed what is going on right now in the Bitcoin world?
Get over it. Capitulation was at $455 this time around. It's time to move on.
Man I've said it so many times but $455 was so clearly rock bottom.
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
this is simply false. there is a window of opportunity based on the classic bubble pattern about 3 weeks after the period of low volume right before the upwards correction. we saw the consolidation with low volume, and now we're seeing the upwards correction. the greed of short-term-memory-impaired traders will drive us to some ridiculous high (but fall short of a new ATH), the trend will exhaust, and the failure to break up towards a new ATH will spark a short, sudden, high-volume capitulation. where, in terms of price, this will take us is a much harder question but the fact remains that the price environment is begging for it.
--arepo
I am not sure we have even seen full bear capitulation yet.... it is coming
This reminds me of last July when some bears clung to their hopes of $30-50 coins (or even cheaper) and predicted "no triple digits for 2013" as the price moved steadily upwards after capitulation at $66.
Get over it. Capitulation was at $455 this time around. It's time to move on.
Sure there will be dips and panics (like the Satoshi Dice sale or Silk Road bust) but the uptrend is on.
I am not sure we have even seen full bear capitulation yet.... it is coming
yup, we should see another capitulation event on the mid-term. this exponential minirally/bulltrap is a great setup for the dumpers. we're so far above the trendline now i'm dizzy...
--arepo
I am not sure we have even seen full bear capitulation yet.... it is coming
yes, it is already happening with dollar, go and enjoy this.
I am not sure we have even seen full bear capitulation yet.... it is coming
No way
I am not sure we have even seen full bear capitulation yet.... it is coming
The real gaming industrie will start accepting bitcoin soon.
zynga doesn't count. Zynga is a scam with micro payments and a lot of dumb people fall for it.
zynga doesn't count. Zynga is a scam with micro payments and a lot of dumb people fall for it.
Richard Branson I am starting to think you might be a scam... unless you let me test-drive your spaceship!
The real gaming industrie will start accepting bitcoin soon.
zynga doesn't count. Zynga is a scam with micro payments and a lot of dumb people fall for it.
The non speculative part is still very small. There is nothing else than buy and hold...
zynga doesn't count. Zynga is a scam with micro payments and a lot of dumb people fall for it.
The non speculative part is still very small. There is nothing else than buy and hold...
Jump to: