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Topic: The Bear Market is officially...OFF?!? - page 17. (Read 29279 times)

hero member
Activity: 700
Merit: 500
daytrader/superhero
This is definitely a bearapocalypse,lol.

"Bearpocalypse Now"  Good one!

Thread title changed.  Wink

hero member
Activity: 700
Merit: 500
daytrader/superhero
I think if we break down through 90, then all hell will break loose and we could see another freefall (which will get worse when the american market wakes up)..... 100 seems to be holding on the top side for now, too.

Doesn't look good, guys.








As of right now, it'll take around 12.5k BTC to buy us under $90.

 
legendary
Activity: 4760
Merit: 1283
This is definitely a bearapocalypse,lol.Might be worth selling I think.It might be best to do so now before most US users wake up I think.

"Bearpocalypse Now"  Good one!

While I'm here, I'll call the bottom as in the $40's within a month (absent an external calamity.)

I claim no insight, knowledge, interest, or skill in such things as price picking though.  And I'm certain not putting my money where my mouth is!

hero member
Activity: 532
Merit: 500
This is definitely a bearapocalypse,lol.Might be worth selling I think.It might be best to do so now before most US users wake up I think.
hero member
Activity: 700
Merit: 500
daytrader/superhero
I think we will definitely see it go lower, barring some insanely good news.  There is still a lot of downward pressure, and news like CoinLab suing MtGox for 70 million isn't helping matters.

legendary
Activity: 1470
Merit: 1007
Personally, I think corrections #1 to #3 still matter. They form a nice downward triad, with #2 being lower than #1, and #3 being lower than #2, in all relevant aspect (high, low, middle point).

#4 however started higher, and didn't drop as deep as the previous. #5 is obviously below #4, but still not a new absolute low. I'm very much anticipating #6: if it stays below #5, then I finally agree and admit we're in a for a medium-to-long term bear market. If #6 lands somewhat higher though, I will take it as evidence that the gradual downward slide in the form of 3 successive corrections is broken, and we might stabilize.
hero member
Activity: 700
Merit: 500
daytrader/superhero
You are right, I misspoke. I was actually referring to the decline since the latest bear market hit (the fall from $160).  

But you are correct, there were corrections on the way down in the crash and on the subsequent bounce, but they don't really affect the current bear market (though they were important while the crash and bounce played out).

legendary
Activity: 1470
Merit: 1007
Notice that since the bubble top,  each time the price "recovers" it settles at a lower price than the last "recovery" (before crashing down again).  [...]

Not exactly. By my count, we are now in correction #5, post-bubble. (Note that what qualifies as a "correction" is up to interpretation, to a degree. I marked in a circle another inbetween high point, followed by a minor decline, that I didn't consider a correction of its own though, because the price drop afterwards wasn't very pronounced).

Correction 1 to 3 were indeed progressively worse. Then correction #4 came, and things looked better for a moment (bottom above two previous bottoms, top above previous top). Admittedly, that all changed with #5, where we can't even be sure yet that we've reached the bottom.

Still, the point I'm getting at is, the statement that after each correction, and recovery, the price settled at a lower point, is not correct. (Although I do agree that with #5 in, the corrections do indeed start looking like they point "downwards").




full member
Activity: 122
Merit: 100
Window of opportunity is closing fast.

I think bearing in mind the current fundamentals a price of 70-80 USD would be fair value, this is based on the level of public interest though google trends. Whilst allot of new money has flown in over the last few months innovation has not kept up with the exponential price growth. It may fall further than this but would then in my opinion be undervalued.

The problem it seems to me is that bitcoins potential return was far more attractive than setting up a bitcoin based business. Why invest in infrastructure with such a high rate of return available to those who buy and hold, its more liquid as well. This correction and stabilization will be very good for bitcoin.

hero member
Activity: 700
Merit: 500
daytrader/superhero
Window of opportunity is closing fast.


We are still trading at around $10 under than the previous major support at $120....that's not exactly a hopeful sign.
hero member
Activity: 700
Merit: 500
daytrader/superhero
You got your animals mixed up.

No. No, I didn't. Am I going to have to go over these terms again?




Definition of 'Pig'
An investor who is often seen as greedy, having forgotten his or her original investment strategy to focus on securing unrealistic future gains. After experiencing a gain, these investors often have very high expectations about the future prospects of the investment and, therefore, do not sell their position to realize the gain.

Definition of 'Bull'
An investor who thinks the market, a specific security or an industry will rise. Investors who takes a bull approach will purchase securities under the assumption that they can be sold later at a higher price.

Definition of 'Bear'
An investor who believes that a particular security or market is headed downward. Bears attempt to profit from a decline in prices. Bears are generally pessimistic about the state of a given market.

Definition of 'Sheep'
An investor who lacks a focused trading strategy and trades on emotion and the suggestions of others, including friends, family and financial gurus. This type of investor often makes rash investments without first determining whether these decisions are financially viable. The behavior of sheep contrasts with that of bulls and bears, who have focused views about the market.

Definition of 'Lemming'
The act of an investor following the crowd into an investment, without doing research themselves; this usually results in losses. These investors are emotional and easily swayed by the current ongoings of how well or bad the market is doing. This term is considered a "herd" mentality that can increase the chance of losing invested funds, because investors either leave the market too early or get into it too late, when prices are already too high to make a profit.

Definition of 'Ostrich'
A slang term given to investors or other market participants who ignore important pieces of information or situations, which have the ability to impact them or the market in which they operate. The reasons behind type of action can include risk aversion and bias.


http://www.investopedia.com/tags/stock_market_terminology/definition/


you're welcome.



I'm surprised a 1 year chart wasn't able to accurately predict the future trades in the Bitcoin market.

What in the hell are you talking about? Who is predicting off of the 1 year chart?  I was showing a snapshot of the market.

I swear, some of you just read what you want to see, instead of whats actually being said.
legendary
Activity: 1414
Merit: 1000
Window of opportunity is closing fast.
hero member
Activity: 700
Merit: 500
daytrader/superhero
I hate to see a Bear Market... You guys get Trapped ALL THE FUCKING TIME While some Millionaire is on a Island sipping margaritas collecting the easiest money ever. Hell Im in my home office collecting some easy money.

Notice that since the bubble top,  each time the price "recovers" it settles at a lower price than the last "recovery" (before crashing down again).  The only ones who are getting trapped are the pigs that are "holding forever" and the bulls trying to catch a falling knife. Bears (for the most part) are either shorting the market, or staying out altogether because they've already locked in profits or are past their risk vs reward comfort zone.

When did you lock in profits ? (what is your "reward comfort zone" ?)

Which time? I trade constantly. Last time I sold was at $115, and I'll probably jump back in when we see doubles again (which will be very soon in my estimation). I don't consider myself a bear, but I am bearish on current market conditions.  

Which part are you having trouble understanding: "risk vs reward" or "comfort zone"?
hero member
Activity: 728
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
Hold on to your pants guys...its gonna get crazy.  

Secretly, I hoped the pigs were right and we would bubble up again, but every day it looks more and more like this bubble is going to pop all the way...take profits while you can guys, it may be your last chance.



1yr chart, closing price *self updating*

You got your animals mixed up. I'm surprised a 1 year chart wasn't able to accurately predict the future trades in the Bitcoin market. Who woulda thunk it.

Bears you are welcome to buy back in at a higher price point, no one will look down on you.
hero member
Activity: 700
Merit: 500
daytrader/superhero
*stuff*

Yes, but again, none of that justifies the meteoric price rise that we saw over the last 4 months.
legendary
Activity: 1414
Merit: 1000
I hate to see a Bear Market... You guys get Trapped ALL THE FUCKING TIME While some Millionaire is on a Island sipping margaritas collecting the easiest money ever. Hell Im in my home office collecting some easy money.

Notice that since the bubble top,  each time the price "recovers" it settles at a lower price than the last "recovery" (before crashing down again).  The only ones who are getting trapped are the pigs that are "holding forever" and the bulls trying to catch a falling knife. Bears (for the most part) are either shorting the market, or staying out altogether because they've already locked in profits or are past their risk vs reward comfort zone.

When did you lock in profits ? (what is your "reward comfort zone" ?)
hero member
Activity: 700
Merit: 500
daytrader/superhero
I hate to see a Bear Market... You guys get Trapped ALL THE FUCKING TIME While some Millionaire is on a Island sipping margaritas collecting the easiest money ever. Hell Im in my home office collecting some easy money.

Notice that since the bubble top,  each time the price "recovers" it settles at a lower price than the last "recovery" (before crashing down again).  The only ones who are getting trapped are the pigs that are "holding forever" and the bulls trying to catch a falling knife. Bears (for the most part) are either shorting the market, or staying out altogether because they've already locked in profits or are past their risk vs reward comfort zone.
donator
Activity: 994
Merit: 1000
There might be a bounce up to $120-125, but I sold out the last of the little I had at 105.

Did cost me about 20% of my meager holdings, but I think FIAT is the safest atm. Have put in buy orders at 80-90 though, because I think it might linger in the $100 area before heading further down.
That's the kind of thinking which got us in the economic mess in the first place.
What economy?

The one which includes "Bitcoin Supernodes"?
Actually I am referring to the real economy. Stop-loss and other mechanisms are ways to deprive people of their money without legal recourse, because the blame can be shifted onto the market. So big players have a huge incentive for market manipulations.

You could say that it's their own fault (stop-loss sellers) for falling for those tricks, but that's attacking the innocent.
sr. member
Activity: 351
Merit: 250
I'm always grumpy in the morning.
I always smile on the inside when people claim to have bought in before their registration date. ripetila is that you?  Smiley

Well, I did? Not long before, but still. Seems the most natural order of doing things really.
legendary
Activity: 1414
Merit: 1000
3. and soon you will realize $230-$140  biggest one.

Sounds like you bought at $140-$230 earlier this month.
Did you?
In november 2012

I always smile on the inside when people claim to have bought in before their registration date. ripetila is that you?  Smiley
Do what you want. No I'm not ripetila.
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