The bubble has popped, slow decline to $3 on the way - page 9.

arklan

legendary

Activity: 1778

Merit: 1008

Quote from: realnowhereman on June 25, 2012, 05:26:09 AM

Quote from: mem on June 24, 2012, 11:21:18 PM

The bubble has popped, slow decline to $3 on the way

Definitely. Of course, we'll want to get in at the bottom, so I'll set my buy order for $3.01, just for safety. Hmm, but what if someone else wants those $3 coins and sees my $3.01? I'd better set it at $3.02. Hmmm. $3.05.

No... $3.10, definitely. That's as high as I'll go.

Quote from: mem on June 24, 2012, 11:21:18 PM

If you get scared, Im offering to buy out any large holders now at $4.50.

Oh okay, $4.51.

DAMNIT! $5.00 and that's my final offer.

$5.50.

$6

Bollocks, $6.20

that, right there? is hilarious.

realnowhereman

hero member

Activity: 504

Merit: 502

Quote from: mem on June 24, 2012, 11:21:18 PM

The bubble has popped, slow decline to $3 on the way

Definitely. Of course, we'll want to get in at the bottom, so I'll set my buy order for $3.01, just for safety. Hmm, but what if someone else wants those $3 coins and sees my $3.01? I'd better set it at $3.02. Hmmm. $3.05.

No... $3.10, definitely. That's as high as I'll go.

Quote from: mem on June 24, 2012, 11:21:18 PM

If you get scared, Im offering to buy out any large holders now at $4.50.

Oh okay, $4.51.

DAMNIT! $5.00 and that's my final offer.

$5.50.

$6

Bollocks, $6.20

cloon

sr. member

Activity: 387

Merit: 250

Quote from: Cluster2k on June 25, 2012, 02:53:04 AM

Too many people bought bitcoins on the way up from $5 because of:

- Hopes for a Greek exit from the Euro
- The Spanish hitting unsustainable bond rates and being forced out too
- The US Federal Reserve hitting the Print button on its computers

None of the three happened so it's natural there's going to be a sell off. Probably back to the mid $5 range, unless Europe turns pear shaped. Could happen any day, or not happen at all. People will take easy profits off the table in the meantime.

It will not take long until greece exit the euro
The real crisis did not come yet

Btc is only in correction mode after the unhealthy panic-rise to 6.80

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: mem

For the groups that actually use bitcoin as a currency a drop to a flat $3 price would be extremely welcome.

Why?

Cluster2k

legendary

Activity: 1692

Merit: 1018

Too many people bought bitcoins on the way up from $5 because of:

- Hopes for a Greek exit from the Euro
- The Spanish hitting unsustainable bond rates and being forced out too
- The US Federal Reserve hitting the Print button on its computers

None of the three happened so it's natural there's going to be a sell off. Probably back to the mid $5 range, unless Europe turns pear shaped. Could happen any day, or not happen at all. People will take easy profits off the table in the meantime.

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: the joint on June 25, 2012, 12:20:27 AM

@ Miscreanity,

Out of curiosity, are those the indicators you use most frequently? I always use RSI, MACD, and Money Flow Index (and momentum) when I head to Bitcoincharts.com

Yes, usually. I watch some other indicators as well, one being something of a weekly money flow + Bollinger hybrid. Nothing has shown a strong enough signal for me to sell yet.

the joint

legendary

Activity: 1834

Merit: 1020

@ Miscreanity,

Out of curiosity, are those the indicators you use most frequently? I always use RSI, MACD, and Money Flow Index (and momentum) when I head to Bitcoincharts.com

miscreanity

legendary

Activity: 1316

Merit: 1005

Quote from: proudhon on June 25, 2012, 12:02:18 AM

Quote from: the joint on June 24, 2012, 11:45:03 PM

What bubble?

Really? You're making a judgement based off of one indicator? Don't skew the picture with narrow technicals: zoom out and get some perspective. There's also the possibility that RSI remains consistently above 50 during a steady growth phase, which would see sideways movement instead of declines. And don't forget the fundamentals - there are a growing number of entities with an interest in stability!

the joint

legendary

Activity: 1834

Merit: 1020

Since when is a month-long 20% value increase a bubble?

mem

hero member

Activity: 644

Merit: 501

Herp Derp PTY LTD

Quote from: proudhon on June 25, 2012, 12:02:18 AM

Quote from: the joint on June 24, 2012, 11:45:03 PM

What bubble?

thats the one.

For the groups that actually use bitcoin as a currency a drop to a flat $3 price would be extremely welcome.
I will create the bet shortly.

proudhon

legendary

Activity: 2198

Merit: 1311

Quote from: the joint on June 24, 2012, 11:45:03 PM

What bubble?

cbeast

donator

Activity: 1736

Merit: 1014

Let's talk governance, lipstick, and pigs.

Quote from: bb113 on June 24, 2012, 11:29:18 PM

That would be awesome but I doubt it unless we get some bad news.

Considering that Gavin is busy testing Multisig transactions, I don't expect any bad news.

the joint

legendary

Activity: 1834

Merit: 1020

What bubble?

bb113

hero member

Activity: 728

Merit: 500

Quote from: NothinG on June 24, 2012, 11:31:17 PM

Quote from: bb113 on June 24, 2012, 11:29:18 PM

That would be awesome but I doubt it unless we get some bad news.

ASIC miners coming soon, and blocks are splitting.

The price is SURE to fluctuate. Which way? No one knows.

That is actually some amazing timing.

NothinG

hero member

Activity: 560

Merit: 500

Quote from: bb113 on June 24, 2012, 11:29:18 PM

That would be awesome but I doubt it unless we get some bad news.

ASIC miners coming soon, and blocks are splitting.

The price is SURE to fluctuate. Which way? No one knows.

bb113

hero member

Activity: 728

Merit: 500

That would be awesome but I doubt it unless we get some bad news.

BoardGameCoin

sr. member

Activity: 283

Merit: 250

Make the bet on betsofbitcoin and I'll sign up and take the other side of it.

-bgc

mem

hero member

Activity: 644

Merit: 501

Herp Derp PTY LTD

All the speculators realized that they were the only ones playing the game.
no higher than $5 dec 31st.

If you get scared, Im offering to buy out any large holders now at $4.50.

Topic: The bubble has popped, slow decline to $3 on the way - page 9. (Read 11236 times)