The Bear Market is officially...OFF?!? - page 23.

mgio

hero member

Activity: 546

Merit: 500

Quote from: evolve on May 01, 2013, 03:01:54 PM

Quote from: underground_ on May 01, 2013, 02:40:50 PM

I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.

Exactly, I've been telling people to lock in profits for a while now, but the bitcoin echo chamber (like lebing above) shouts me down every single time. In fact, a large portion of the speculation subforum laughed when I suggested it in the $200's; "Never sell! Buy and hold forever!! The price can only go up, uP, UP!!!!".

Yes I wish I had sold more at $200+ (I only sold 50 coins at $200), but I am definitely NOT selling now.

People have to be more patient. It seems like most bitcoin investors have ADD (pigs).

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Quote from: underground_ on May 01, 2013, 02:40:50 PM

I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.

Exactly, I've been telling people to lock in profits for a while now, but the bitcoin echo chamber (like lebing above) shouts me down every single time. In fact, a large portion of the speculation subforum laughed when I suggested it in the $200's; "Never sell! Buy and hold forever!! The price can only go up, uP, UP!!!!".

Odalv

legendary

Activity: 1414

Merit: 1000

Quote from: underground_ on May 01, 2013, 02:40:50 PM

I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.

DUMP DUMP DUMP. Who dump the first, dump the best.

underground_

full member

Activity: 123

Merit: 100

I hope that everyone's at least taken a small profit in dollars at this point. It makes the long, slow side much less painful.

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Quote from: ironstove on May 01, 2013, 02:31:38 PM

I am constantly buying/selling with each swing, making 2-5% each time...

Generally, I am doing this as well...but the market today has the potential to catch people with their pants down so be careful. As for me, I am staying out until the market settles down a bit. I think we are going down in the short and mid term, but yes, there will be plenty of opportunities to profit along the way (if you don't mind catching falling knives.)

ironstove

member

Activity: 111

Merit: 10

Possibilities are limitless

I do believe we are headed to a downward trend, but people will have plenty of time to sell... I am constantly buying/selling with each swing, making 2-5% each time... This won't be a fast crash down so take your time if you decide to sell

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

Quote from: lebing on May 01, 2013, 02:02:59 PM

The price is going down because of where it closed?

Uhh...no? Thats not even close to what I said. In fact, I never gave a reason for the price going down, though if I had to guess a reason, I'd say its going down due to a loss of investor confidence.

Quote from: lebing on May 01, 2013, 02:02:59 PM

Welcome to the ignore list.

But, but...now I wont get to read your poorly thought out knee-jerk reactions to my comments and threads!! I'm heartbroken.... Roll Eyes

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: evolve on May 01, 2013, 01:55:42 PM

2 month, daily closing price:

Im probably a little early in calling this, but I think we may have seen the top of the bubble and the top of the bounce. I originally thought we'd hit around 200 before the bubble finished popping, but that seems very optimistic, if not unrealistic, at this point...if we close in double digits (which seems possible), I think the bull run is officially over. Undecided

The price is going down because of where it closed? If you're going to FUD troll to get your buys filled at least be smart about it.

Welcome to the ignore list.

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

2 month, daily closing price:

Im probably a little early in calling this, but I think we may have seen the top of the bubble and the top of the bounce. I originally thought we'd hit around 200 before the bubble finished popping, but that seems very optimistic, if not unrealistic, at this point...if we close in double digits (which seems possible), I think the bull run is officially over. Undecided

UltimateReaper

newbie

Activity: 56

Merit: 0

Green. Red... Green... Red... green... red...

I swear this shit always happens the day before I get my BTC, ha ha. It's all about staying close to the exchanges.

We may have hit the bottom, at anyrate we might see another rally or dead cat bounce. After that I have no clue.

nobbynobbynoob

hero member

Activity: 784

Merit: 1000

Annuit cœptis humanae libertas

Public holiday selloff? Nothing to see... yet.

Newscastix

sr. member

Activity: 349

Merit: 250

My fiat is ready...

https://bitcointalksearch.org/topic/m.1996777

evolve

hero member

Activity: 700

Merit: 500

daytrader/superhero

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

OP Update (july 5, 2013):

Welp, it looks like we can officially label this a bear market.

Here is where we are today:

(live updating)

Looks like we may be testing $50 again real soon. Expect plenty of volatility along the way.

Update Nov 8

Looks like we are bubbling up again...

Topic: The Bear Market is officially...OFF?!? - page 23. (Read 29279 times)