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Topic: SURPRISE! Dead cat bounce. (Read 1836 times)

legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
May 13, 2015, 04:20:17 PM
#24
It's no surprise to me that the price has gone up.  Huh

Bitcoin price never goes up. In 10 years once we look at the all time graphic the logarithmic progression will show nothing but gains and the 1K peak will be nothing but a small bump, rendering as complete retarded anyone that didn't buy insane amounts of sub 1K BTC when they had the time to do so.

I disagree. It's like saying anyone who didn't buy winning lottery tickets for the draw last week is a retard. The numbers are obviously __,__,__,__,__,__.

Yeah, you know the result now, but you had no way of knowing it last week. It's the same with bitcoin. Vancouver is a pretty good city in terms of bitcoin, having the world's first bitcoin ATM and stuff like that. As such, I heard about bitcoin a long, long time ago. But I don't really regret not buying it then; because at that point in time, it really was uncertain what bitcoin was, and in all likelihood it would've died. The amount of knowledge I had back then meant that not buying was the correct choice.

You have a great point in there man! If I had sold all my possessions in 2010 and put it all in bitcoin then I would be very rich right now and some would think me a financial whiz kid. In reality I would be a lucky fool.
sr. member
Activity: 322
Merit: 250
May 13, 2015, 04:08:53 PM
#23
It's no surprise to me that the price has gone up.  Huh

Bitcoin price never goes up. In 10 years once we look at the all time graphic the logarithmic progression will show nothing but gains and the 1K peak will be nothing but a small bump, rendering as complete retarded anyone that didn't buy insane amounts of sub 1K BTC when they had the time to do so.

I disagree. It's like saying anyone who didn't buy winning lottery tickets for the draw last week is a retard. The numbers are obviously __,__,__,__,__,__.

Yeah, you know the result now, but you had no way of knowing it last week. It's the same with bitcoin. Vancouver is a pretty good city in terms of bitcoin, having the world's first bitcoin ATM and stuff like that. As such, I heard about bitcoin a long, long time ago. But I don't really regret not buying it then; because at that point in time, it really was uncertain what bitcoin was, and in all likelihood it would've died. The amount of knowledge I had back then meant that not buying was the correct choice.

full member
Activity: 280
Merit: 100
May 13, 2015, 04:08:07 PM
#22
dead cat bounce of 4-5 usd? really, basically nothing changed, why all the fuss about a meaningless price correction?

In terms of nothing happening in long time, 4-5 dollars is a lot
hero member
Activity: 700
Merit: 501
May 13, 2015, 04:03:30 PM
#21
It's no surprise to me that the price has gone up.  Huh

Bitcoin price never goes up. In 10 years once we look at the all time graphic the logarithmic progression will show nothing but gains and the 1K peak will be nothing but a small bump, rendering as complete retarded anyone that didn't buy insane amounts of sub 1K BTC when they had the time to do so.
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
May 13, 2015, 03:55:53 PM
#20
It's no surprise to me that the price has gone up.  Huh
full member
Activity: 219
Merit: 100
May 12, 2015, 10:44:22 PM
#19
U must be new here baby bounce lol Huh
hero member
Activity: 686
Merit: 500
A pumpkin mines 27 hours a night
May 05, 2015, 11:13:16 AM
#18
Many are waiting for sub 200 to get back in ... will they get it?

In retrospect it totally looks like the situation back in 2011 when people were waiting for sub $2 and even sub $1 coins. Those coins never came, and I guess many people must have gotten pretty angry about that. Shorting and waiting for lower prices is all well and fun, until the trend reverses.
legendary
Activity: 2170
Merit: 1427
May 05, 2015, 10:56:55 AM
#17
kwukduck, have you ever been correct with any of your predictions? I skipped through some of your posts and it doesn't seem like it! Cheesy

He is a quite useful barometer of what not to do.

This. He has proven to be a highly active member of Bear Force One for quite some time now. Usually when people guess wrong, they stop doing any effort, but not kuckduck  Cheesy
Q7
sr. member
Activity: 448
Merit: 250
May 05, 2015, 10:11:08 AM
#16
At least the price is higher than a week ago. Practically I don't mind if the price goes up, retrace a bit and then continue to go climb further. And as long as it is maintaining this way until the halving next year, that is more than a bonus. Just look at it long term if you will.
legendary
Activity: 1176
Merit: 1000
May 05, 2015, 04:46:46 AM
#15
kwukduck, have you ever been correct with any of your predictions? I skipped through some of your posts and it doesn't seem like it! Cheesy

He is a quite useful barometer of what not to do.
hero member
Activity: 882
Merit: 1005
May 05, 2015, 04:19:16 AM
#14
kwukduck, have you ever been correct with any of your predictions? I skipped through some of your posts and it doesn't seem like it! Cheesy
legendary
Activity: 1937
Merit: 1001
May 05, 2015, 04:13:49 AM
#13
Many are waiting for sub 200 to get back in ... will they get it?

I am quite sure about that. These dead cat bounces happen all the time. But the general down trend is still very strong and selling pressure is only growing. We are already back again on the slippery slope of about -3% daily.
legendary
Activity: 3906
Merit: 1403
Life, Love and Laughter...
legendary
Activity: 2002
Merit: 1040
May 04, 2015, 05:56:30 PM
#11
SURPRISE! Kwukduk's trollin again.

 Roll Eyes
member
Activity: 60
Merit: 10
May 04, 2015, 05:43:14 PM
#10
Many are waiting for sub 200 to get back in ... will they get it?
full member
Activity: 280
Merit: 100
May 04, 2015, 05:39:40 PM
#9
Relax, bitcoin is running just fine.  Maybe $200 to $240 is the natural price range for the next few years.  Few people have a problem with that, except fly by night speculators who want the price to double every few weeks.

good price for bitcoin to circulate and spread more and more across the globe. wholeheartedly agree, the price may stay in this range for a while
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
May 04, 2015, 03:57:00 PM
#8
It was $222 a week ago and $240 at the moment.   Huh

That is a greater increase in price than any other thing I can think of. Any stock, commodity, fund, precious metal. Can anyone think of anything that has rallied so much in the past week?
Hey I'm a bull, but lets face it, I haven't checked the price in the last 45 seconds so for all I know we have lost that $18 rise again in a flash crash!

Volatility is a bad thing about Bitcoin, it means that people can always come on and say that it has had a great week or a bad week, but the long term trend is much more important, and unfortunately that is down down down Sad

True. It could go anywhere. Volatility is hard, but this wildness is because it's unregulated and free. The price is what it is, a reflection of supply and demand with no controls. The market will find the right price, not the speculators.
legendary
Activity: 1218
Merit: 1003
May 04, 2015, 03:48:23 PM
#7
It was $222 a week ago and $240 at the moment.   Huh

That is a greater increase in price than any other thing I can think of. Any stock, commodity, fund, precious metal. Can anyone think of anything that has rallied so much in the past week?
Hey I'm a bull, but lets face it, I haven't checked the price in the last 45 seconds so for all I know we have lost that $18 rise again in a flash crash!

Volatility is a bad thing about Bitcoin, it means that people can always come on and say that it has had a great week or a bad week, but the long term trend is much more important, and unfortunately that is down down down Sad
legendary
Activity: 2100
Merit: 1061
May 04, 2015, 12:06:44 PM
#6
LOL who would have expected that! Total supririse.
Sorry i'm laughing my *ss off here.

kwukduck this collapse of a huge $4 is a great buying opportunity. Buy when there is blood in the streets. go long my friend. join in the fun
legendary
Activity: 3066
Merit: 1145
The revolution will be monetized!
May 04, 2015, 11:49:51 AM
#5
It was $222 a week ago and $240 at the moment.   Huh

That is a greater increase in price than any other thing I can think of. Any stock, commodity, fund, precious metal. Can anyone think of anything that has rallied so much in the past week?
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