Topic: steady selling pressure, should be at $3.00 very soon - page 2. (Read 4395 times)
A big ask bid wall just disappeared got sold into. Get ready for a new lows.
An interesting moment is coming up for me. I bought into the emerging sustained rally at $4 and rode it all the way to $7, then sold and rebought. Often at a profit, but sometimes at a loss. Up overall, but it appears bitcoin will once again be at $4 very soon. Don't know whether to buy in or wait for some kind of up trend to emerge.
Waiting...
Waiting...
I think if you didn't sell at levels above where we're at now, selling now is extremely risky business. The big boys are going to jump back in at some point and so far it appears nobody wants to provide much liquidity on the ask side of things. If that persists and the guys who sold tens of thousands of bitcoins decide to jump back in they can easily consume everything back up to $6. I'm back in as of yesterday's low and I'm going to hold on for a bit.
Look at the history of the sells for the past month or so. The big boys are out already. The selling going on today is very likely the late comers to the party and they're the ones who'll get stung.
Look at the history of the sells for the past month or so. The big boys are out already. The selling going on today is very likely the late comers to the party and they're the ones who'll get stung.
I hate to say it but it looks like we are about to cross into sub $4 territory any minute now. Should be an interesting night.
meh...that can just as easily be seen to bottom out at $4.2 again.
Forget SELL SELL SELL
SHORT SHORT SHORT.
I am going to start looking into bitcoinica
SHORT SHORT SHORT.
I am going to start looking into bitcoinica
omg.. price won't go back up to $7 for months 
Won't go back to $32 for years.
omg.. price won't go back up to $7 for months
I hate to say it but it looks like we are about to cross into sub $4 territory any minute now. Should be an interesting night.
SELL SELL SELL!
I hate to say it but it looks like we are about to cross into sub $4 territory any minute now. Should be an interesting night.
The slow steady sell pressure is still going as I predicted. We should slowly fall into the 3's.
Still no major player has stepped up and is trying to turn this around.
Now the market is basically run by the average joe, this means prices will start reaching their proper price level of around $1 or $2 dollars.
Still no major player has stepped up and is trying to turn this around.
Now the market is basically run by the average joe, this means prices will start reaching their proper price level of around $1 or $2 dollars.
The slow steady sell pressure is still going as I predicted. We should slowly fall into the 3's.
Still no major player has stepped up and is trying to turn this around.
Now the market is basically run by the average joe, this means prices will start reaching their proper price level of around $1 or $2 dollars.
Still no major player has stepped up and is trying to turn this around.
Now the market is basically run by the average joe, this means prices will start reaching their proper price level of around $1 or $2 dollars.
oldminer, I am surprised that you finally see the truth about bitcoin prices. I remember you used to be very bullish.
Indeed I was. Not to say I dont think it could be worth $20+ again at some stage in the future but I have come to learn its value (at least for the time being) is largely determined by speculation.
oldminer, I am surprised that you finally see the truth about bitcoin prices. I remember you used to be very bullish.
We going to be going down pretty low. (...) Remember, bitcoins were almost at $1 just a month or so ago.
ಠ_ಠ
Yea well Ive been saying for a while now that @ $5+ is way over-valued. I suspect that eventually its value will drop to $2 or so (maybe less in the long term) but there will be a LOT of ups & downs in price (and profit to be made) before we get to that level.
Oldminer avatar:
Want to end the fed? Bitcoin
Oldminer posts:
$5 is way over-valued
...
Go troll elsewhere
Aww..mummy throw out your bottle did she?
Oldminer's thoughts:
I know, I wont respond to my hypocritical behavior I'll just troll more. Brilliant!
...
My mommy breast fed me because she loves me. Sorry to hear about your's.
Yea but eventually you gotta leave the teet
We going to be going down pretty low. (...) Remember, bitcoins were almost at $1 just a month or so ago.
ಠ_ಠ
Yea well Ive been saying for a while now that @ $5+ is way over-valued. I suspect that eventually its value will drop to $2 or so (maybe less in the long term) but there will be a LOT of ups & downs in price (and profit to be made) before we get to that level.
Oldminer avatar:
Want to end the fed? Bitcoin
Oldminer posts:
$5 is way over-valued
...
Go troll elsewhere
Aww..mummy throw out your bottle did she?
Oldminer's thoughts:
I know, I wont respond to my hypocritical behavior I'll just troll more. Brilliant!
...
My mommy breast fed me because she loves me. Sorry to hear about your's.
Who makes this stuff up?
congratz on 666 poast Damn I should have used it on Luke-jr's thread. GRRRRRRR
Who makes this stuff up?
We going to be going down pretty low. (...) Remember, bitcoins were almost at $1 just a month or so ago.
ಠ_ಠ
Yea well Ive been saying for a while now that @ $5+ is way over-valued. I suspect that eventually its value will drop to $2 or so (maybe less in the long term) but there will be a LOT of ups & downs in price (and profit to be made) before we get to that level.
Oldminer avatar:
Want to end the fed? Bitcoin
Oldminer posts:
$5 is way over-valued
...
Go troll elsewhere
Aww..mummy throw out your bottle did she?
We going to be going down pretty low. (...) Remember, bitcoins were almost at $1 just a month or so ago.
ಠ_ಠ
Yea well Ive been saying for a while now that @ $5+ is way over-valued. I suspect that eventually its value will drop to $2 or so (maybe less in the long term) but there will be a LOT of ups & downs in price (and profit to be made) before we get to that level.
Oldminer avatar:
Want to end the fed? Bitcoin
Oldminer posts:
$5 is way over-valued
...
Go troll elsewhere
Edward, kindly fuck off.
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