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Topic: steady selling pressure, should be at $3.00 very soon (Read 4395 times)

legendary
Activity: 1904
Merit: 1002
Cool story, did you hear the one about the Rothchilds making it back to England after the British beat the French and told everyone the French won?

I'm gonna tell that one as a bedtime story when I give up and have kids.
hero member
Activity: 994
Merit: 1000
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!



So you will be attending the Cat Funeral after all.

Thank you for finally validating the aforementioned Dead Cat Bounce.

Wasn't so hard now, was it?
Not at all. Anyone who seriously thinks the market will never move upwards after this point is a damn fool. This cat's made of superballs, baby!

I use to work at this law firm represented this large company.  One day there were reports that this company didn't really make any money and that they had all this debt.  The reports said the company was hiding their debt in shell companies overseas.  There was panic in the market and people started to dump the company's stock.  At the law firm a lot of people owned this company's stock.  They called up their colleagues at this company and asked what was going on.  The lawyers of the firm I worked for got reassurance from their client that everything was OK.  The law firm I worked for had just done an audit only months before showing that everything the company was doing was legit.

Everyone at that law firm was in denial.  The large company was just stalling, trying to keep the price up, so they could shred enough documents before the SEC came in.  That large company was Enron.

Cool story, did you hear the one about the Rothchilds making it back to England after the British beat the French and told everyone the French won?
hero member
Activity: 532
Merit: 500
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!



So you will be attending the Cat Funeral after all.

Thank you for finally validating the aforementioned Dead Cat Bounce.

Wasn't so hard now, was it?
Not at all. Anyone who seriously thinks the market will never move upwards after this point is a damn fool. This cat's made of superballs, baby!

I use to work at this law firm represented this large company.  One day there were reports that this company didn't really make any money and that they had all this debt.  The reports said the company was hiding their debt in shell companies overseas.  There was panic in the market and people started to dump the company's stock.  At the law firm a lot of people owned this company's stock.  They called up their colleagues at this company and asked what was going on.  The lawyers of the firm I worked for got reassurance from their client that everything was OK.  The law firm I worked for had just done an audit only months before showing that everything the company was doing was legit.

Everyone at that law firm was in denial.  The large company was just stalling, trying to keep the price up, so they could shred enough documents before the SEC came in.  That large company was Enron.

legendary
Activity: 1736
Merit: 1006
Now that we broke into the 3's, expect a small rebound before we start heading towards the $2's.

New psychological level is now set at 3's.

Will not be long before we are back into the 2's.

sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!



So you will be attending the Cat Funeral after all.

Thank you for finally validating the aforementioned Dead Cat Bounce.

Wasn't so hard now, was it?
Not at all. Anyone who seriously thinks the market will never move upwards after this point is a damn fool. This cat's made of superballs, baby!
sr. member
Activity: 392
Merit: 250
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!



So you will be attending the Cat Funeral after all.

Thank you for finally validating the aforementioned Dead Cat Bounce.

Wasn't so hard now, was it?
hero member
Activity: 560
Merit: 500
$4 could be the new $2. We rebounded higher than the pre-drop price which could signal a reversal in the trend. If people leveraged with $ on the way down from $6 they could have kept on leveraging, collecting interest and pushing the price down further. I think what we have seen over the past couple of days was the result of Zhou charging interest on longs at Bitcoinica. Everyone who was leveraged from $2 has already de-leveraged and we are now being powered by shorts. When they take their profits we will also see a nice rebound in price. The interest being paid to shorts is also steadily dropping. What happens when he starts charging for shorts? If $4 is like $2 was then we are headed back up soon.
sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
Now that we broke into the 3's, expect a small rebound before we start heading towards the $2's.

New psychological level is now set at 3's.

Will not be long before we are back into the 2's.
Even newer psychological level set at 4's?
sr. member
Activity: 308
Merit: 250
Now that we broke into the 3's, expect a small rebound before we start heading towards the $2's.

New psychological level is now set at 3's.

Will not be long before we are back into the 2's.
LOL
hero member
Activity: 602
Merit: 500
Now that we broke into the 3's, expect a small rebound before we start heading towards the $2's.

New psychological level is now set at 3's.

Will not be long before we are back into the 2's.
legendary
Activity: 1692
Merit: 1018
Whisky Tango Foxtrot.  Way under $4.
legendary
Activity: 1022
Merit: 1001
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!



Cheeeeep bitcoins!  Grin
sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
$3.00 soon?
Sign me up.
Everyone who regrets not buying in $3.00> is now faced with a glorious redemption opportunity.
Come friday, paycheck is getting gutted to buy into this.

Until then, Everybody keep panicking! Push it below $1.00!

hero member
Activity: 602
Merit: 500
I think that we will bottom pretty low and stay there. NO way it will be an easy going quick bottom and back to again. Manipulators can't make money like that if it was the case.

legendary
Activity: 1692
Merit: 1018
We seem to be bottoming now. I remember when there was bottom at $2.00, this kind of thread was the rage. People were speculating we would reach sub-penny price level anytime. I am seeing similar sentiment now. But remember  guys, $4.00/BTC is not a joke and is not end of the bitcoin. Unless bitcoin becomes illegal or the network infrastructure collapses fantastically, there is nothing else stopping bitcoin.

Probably two more price movements down to go: caused by those who bought back in at $5 because that was the bottom, only to see the price continue to fall.  They'll cut their losses.  The other movement down may be caused by people who bought into the November rally from $2.  Get profit while the getting is good.  Should have sold at $7, will take some profit at $4.  Better than a loss.

Price may recover somewhat after that.
legendary
Activity: 2576
Merit: 1087
We seem to be bottoming now. I remember when there was bottom at $2.00, this kind of thread was the rage. People were speculating we would reach sub-penny price level anytime. I am seeing similar sentiment now. But remember  guys, $4.00/BTC is not a joke and is not end of the bitcoin. Unless bitcoin becomes illegal or the network infrastructure collapses fantastically, there is nothing else stopping bitcoin.

Higher price right now will definitely look good for people like me who are long, however I won't complain about $4.00 /BTC price. And I am willing to give bitcoin some time to become mainstream.

not yet, we've only just got majority bearish. people are still talking about this as an 'opportunity' that's not properly bearish.
full member
Activity: 215
Merit: 100
We seem to be bottoming now. I remember when there was bottom at $2.00, this kind of thread was the rage. People were speculating we would reach sub-penny price level anytime. I am seeing similar sentiment now. But remember  guys, $4.00/BTC is not a joke and is not end of the bitcoin. Unless bitcoin becomes illegal or the network infrastructure collapses fantastically, there is nothing else stopping bitcoin.

Higher price right now will definitely look good for people like me who are long, however I won't complain about $4.00 /BTC price. And I am willing to give bitcoin some time to become mainstream.
legendary
Activity: 1904
Merit: 1002
Just read about TradeHill shutting down (yeah, slow on the news).  So we're relying on essentially one exchange now (I consider handling well over 90% of all USD<->BTC as a monopoly).  A single point of failure.  Not exactly a comforting thought, especially as bitcoin was meant to be anything but reliant on the good wishes and business practices of one company.  Competitors may emerge of course, but it all takes time and a lot of money.

I would love to build an exchange, but I live in the US, so I know my government would get in the way.
legendary
Activity: 1692
Merit: 1018
Just read about TradeHill shutting down (yeah, slow on the news).  So we're relying on essentially one exchange now (I consider handling well over 90% of all USD<->BTC as a monopoly).  A single point of failure.  Not exactly a comforting thought, especially as bitcoin was meant to be anything but reliant on the good wishes and business practices of one company.  Competitors may emerge of course, but it all takes time and a lot of money.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
A big ask bid wall just disappeared sold into. Get ready for a new lows.

it might be a good idea to practice, everyone do this a few time -> Shocked


often when walls get sold into, walls get bought out soon after.... wait and see ... keep practicing  Shocked
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