Support is holding! | Bitcointalksearch.org

ensurance982

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Activity: 518

Merit: 500

Trust me!

Quote from: ThatDGuy on April 29, 2015, 02:23:15 PM

Quote from: ensurance982 on April 29, 2015, 08:13:53 AM

Quote from: randy8777 on April 29, 2015, 04:20:36 AM

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

bear market will always exist. even when the price is $2000. you will see bears yelling.'bitcoin soon $1000, sell while you still can' this will never change.

Well, yeah... There will be people screaming those things, sure. But the general sentiment will have changed and the influence of the bears will be significantly smaller! Of course then we'll have to deal with completely out-of-control bulls that scream "new paradigm!" and won't see the crest of the wave when it's there.

The nice thing about out-of-control bulls is they are here for a few months, and then hibernate. The bears have been out for a while now.

The bad thing about out-of-control bulls is, though: They spend all their FIAT to buy BTC (preferrably on leverage) and never close their longs. At some point there's no money entering the market again and the bears get a pretty green light.

flyingplows

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Activity: 518

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Quote from: ThatDGuy on April 29, 2015, 02:23:15 PM

Quote from: ensurance982 on April 29, 2015, 08:13:53 AM

Quote from: randy8777 on April 29, 2015, 04:20:36 AM

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

bear market will always exist. even when the price is $2000. you will see bears yelling.'bitcoin soon $1000, sell while you still can' this will never change.

Well, yeah... There will be people screaming those things, sure. But the general sentiment will have changed and the influence of the bears will be significantly smaller! Of course then we'll have to deal with completely out-of-control bulls that scream "new paradigm!" and won't see the crest of the wave when it's there.

The nice thing about out-of-control bulls is they are here for a few months, and then hibernate. The bears have been out for a while now.

Bears will never stop now. And I intentionally did not put ''the''. That's the way it is while there is fiat dominance and insta sell for bills/dump_for_fiat_after_sale. The only way for the price to go up is to overwhelm by mass adoption attracting new enthusiasts.

ThatDGuy

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Activity: 728

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Quote from: ensurance982 on April 29, 2015, 08:13:53 AM

Quote from: randy8777 on April 29, 2015, 04:20:36 AM

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

bear market will always exist. even when the price is $2000. you will see bears yelling.'bitcoin soon $1000, sell while you still can' this will never change.

Well, yeah... There will be people screaming those things, sure. But the general sentiment will have changed and the influence of the bears will be significantly smaller! Of course then we'll have to deal with completely out-of-control bulls that scream "new paradigm!" and won't see the crest of the wave when it's there.

The nice thing about out-of-control bulls is they are here for a few months, and then hibernate. The bears have been out for a while now.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: randy8777 on April 29, 2015, 04:20:36 AM

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

bear market will always exist. even when the price is $2000. you will see bears yelling.'bitcoin soon $1000, sell while you still can' this will never change.

Well, yeah... There will be people screaming those things, sure. But the general sentiment will have changed and the influence of the bears will be significantly smaller! Of course then we'll have to deal with completely out-of-control bulls that scream "new paradigm!" and won't see the crest of the wave when it's there.

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

If there's no confirmation, the bear market has ended as per definition. If we should "slide out" of the bear market - fine, than that's the way we get out of it. But that's not very probable, actually. If there's a definite sign that we've left the downtrend, the price will go up again. At least to some degree, that's for sure!

randy8777

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Activity: 896

Merit: 1000

Quote from: 8up on April 29, 2015, 03:49:06 AM

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

bear market will always exist. even when the price is $2000. you will see bears yelling.'bitcoin soon $1000, sell while you still can' this will never change.

8up

hero member

Activity: 618

Merit: 500

There will be no "confirmation" for an ending bearmarket for a long time. Instead the sword of Damocles will be omnipresent. At these market stages (no mass-adoption) pseudo-"stability" can be wittnessed.

Fatman3001

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Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: coinpr0n on April 13, 2015, 01:03:12 PM

Quote from: thejaytiesto on April 13, 2015, 12:10:31 PM

Quote from: ensurance982 on April 13, 2015, 03:31:28 AM

Yeah, we're pretty much on paper-thin ice these days, I agree. But we're yet to cross the $200 line, in order for that super-bearish prediction to come true. Oh, wait - that one only lasted till last Friday

200 will resist, and if it doesn't who cares, anyone with half a brain knows the bitcoin protocol is solid as hell and time will give long term holders the reason,.

Technology purists won't care, but those who "invested" thinking it had much more value surely will. The protocol is working better than ever but value of coins is decreasing. I sometimes think this has something to do with all the altcoins like maybe they are diluting (or inflating) the "limited supply" of bitcoins.

I definitely think a lot of newcomers think that putting their money into the "next big thing" altcoin is going to give them the same ride early BTC adopters had. But when we look at market cap it doesn't seem to be massive amounts of money going that way. More financially savvy investors/speculators are probably in BTC already or waiting for the end of the bear market to be confirmed.

Fatman3001

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Make Bitcoin glow with ENIAC

Quote from: afbitcoins on April 27, 2015, 04:38:17 PM

I've just read this whole thread and not seen where support is supposed to be. Although there are some animated gifs so 'everything is awesome'

No offense meant, but I think tokeweed would have to agree that you'll just have to:

Fatman3001

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Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: johnyj on April 12, 2015, 06:07:34 PM

Quote from: tokeweed on April 11, 2015, 07:25:54 PM

Quote from: criptix on April 11, 2015, 07:14:18 PM

Quote from: samson on April 11, 2015, 06:39:49 PM

Quote from: criptix on April 11, 2015, 06:34:18 PM

Buy at 175 and sell at 300+ Again?

I love it

What will you do if the price dives to the $100 range, just keep hodling ?

No i gonna buy heavy.
cats have 7 lifes or so they say

I think it was 8.

9

Hmmmm.... Some of us bulls aren't exactly numbers people. That could be a worry.

techgeek

hero member

Activity: 826

Merit: 1000

Quote from: criptix on April 11, 2015, 06:34:18 PM

Buy at 175 and sell at 300+ Again?

I love it

You sir are setting the example lol.

Id be doing this all day if I could, but obviously those prices are never constant. The only thing at the moment for most should be whats it worth now, not like 4 years later from now lol.

I aint no fortune tellers so why predict something it`ll go up right. Always be making bigger profits.

afbitcoins

legendary

Activity: 2101

Merit: 1061

I've just read this whole thread and not seen where support is supposed to be. Although there are some animated gifs so 'everything is awesome'

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

Quote from: tokeweed on April 26, 2015, 08:11:09 PM

Quote from: ensurance982 on April 26, 2015, 08:02:22 PM

Quote from: coinableS on April 26, 2015, 09:37:27 AM

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

Yeah, $215 was the base price for the "surprise breakout" back in February, when the price suddenly decided to go up without any apparent reason. This is the last support line until high/medium $1xxs, which actually is really scare, if you ask me. I'm surprised though, that the bears aren't getting this over with even faster!

Yes! Surprise breakout coming. Time to buy...

Could be a bear trap!

Chef Ramsay

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Merit: 1001

Quote from: tokeweed on April 26, 2015, 08:11:09 PM

Quote from: ensurance982 on April 26, 2015, 08:02:22 PM

Quote from: coinableS on April 26, 2015, 09:37:27 AM

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

Yeah, $215 was the base price for the "surprise breakout" back in February, when the price suddenly decided to go up without any apparent reason. This is the last support line until high/medium $1xxs, which actually is really scare, if you ask me. I'm surprised though, that the bears aren't getting this over with even faster!

Yes! Surprise breakout coming. Time to buy...

Currently watching and will consider whether you go on ignore, permanently. You're running a fine line as of your latest posts. That's right I said it.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: ensurance982 on April 26, 2015, 08:02:22 PM

Quote from: coinableS on April 26, 2015, 09:37:27 AM

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

Yeah, $215 was the base price for the "surprise breakout" back in February, when the price suddenly decided to go up without any apparent reason. This is the last support line until high/medium $1xxs, which actually is really scare, if you ask me. I'm surprised though, that the bears aren't getting this over with even faster!

Yes! Surprise breakout coming. Time to buy...

ensurance982

hero member

Activity: 518

Merit: 500

Trust me!

Quote from: coinableS on April 26, 2015, 09:37:27 AM

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

Yeah, $215 was the base price for the "surprise breakout" back in February, when the price suddenly decided to go up without any apparent reason. This is the last support line until high/medium $1xxs, which actually is really scare, if you ask me. I'm surprised though, that the bears aren't getting this over with even faster!

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

Quote from: coinableS on April 26, 2015, 09:37:27 AM

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

215 is the new support. IT WILL HOLD!

coinableS

legendary

Activity: 1442

Merit: 1188

I drew some lines on my chart last night, and I still feel pretty good that support is holding. We barely broke below $215 which has been holding for a while, next stop after that is ~$190. I did make a decent size purchase on Monday so it sucks to watch the price fall, but I'm in it for the long haul gathering all the low hanging fruit while I can.

pitham1

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Activity: 1232

Merit: 1000

Quote from: klintay on April 26, 2015, 03:27:14 AM

Quote from: minerpumpkin on April 24, 2015, 11:51:50 AM

Right now this seems to be a remarkable support at $229. I'm not saying that we can't break down from here, but it's good to see that we don't cave in at the slightest attempts to go lower. The bears at least will have to put up some more pressure to bring this thing down.

Sorry what was that sound? Did you just eat your words?

That was 2 days ago. 2 days is a long time in Bitcoin's price history.

klintay

legendary

Activity: 1775

Merit: 1032

Value will be measured in sats

Quote from: minerpumpkin on April 24, 2015, 11:51:50 AM

Right now this seems to be a remarkable support at $229. I'm not saying that we can't break down from here, but it's good to see that we don't cave in at the slightest attempts to go lower. The bears at least will have to put up some more pressure to bring this thing down.

Sorry what was that sound? Did you just eat your words?

Topic: Support is holding! (Read 4408 times)