My thought is a long slow decline to 266ish (450, 333, idk)
http://www.youtube.com/watch?v=fisXRmdTR54Bwahahaha! I know, I know... fucking history lessons suck. I'm going to Bali for the winter, does that help?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31259. (Read 26609912 times)
December 07, 2013, 09:48:35 PM
Bwahahaha! I know, I know... fucking history lessons suck. I'm going to Bali for the winter, does that help?
December 07, 2013, 09:45:06 PM
Last bubble he predicted like 600-900.
Is he a contrarian indicator, always off by a factor of 3, or just always wrong?
I can tell you this much: that prediction, plus the "1000 cheap coins" sentiment, plus my buddy giving me a call a few days ago asking me if he should buy bitcoin (I told him hell no!), all had me looking for an exit for all the BTC I was willing to sell.
December 07, 2013, 09:42:46 PM
Last bubble he predicted like 600-900.
Is he a contrarian indicator, always off by a factor of 3, or just always wrong?
December 07, 2013, 09:40:40 PM
Guy that predicted a $3300 top just posted that he is selling.
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
A $3300 upside... LOL, what an idiot.
Last bubble he predicted like 600-900.
December 07, 2013, 09:36:52 PM
Does anyone know what the "renew loan" button means on bitfinex when you have an open loan?
December 07, 2013, 09:36:23 PM
Guy that predicted a $3300 top just posted that he is selling.
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
A $3300 upside... LOL, what an idiot.
December 07, 2013, 09:33:30 PM
My thought is a long slow decline to 266ish (450, 333, idk)
http://www.youtube.com/watch?v=fisXRmdTR54 December 07, 2013, 09:32:54 PM
OK bottle of wine #2
the future of bitcoin looks bright indeed!
the future of bitcoin looks bright indeed!
Think I'll join you. Cheers.
yes yes yes! and some rope a dope (er smoke some dope)
Cheers, Gents and Ladies.
May there be 6 more parabolic spikes before we go mainstream! 6! 6, I tell ya! 6 more times, if we are fortunate, to rise like a phoenix and double, triple, or even get 10x on our capital. And, each time, requires only 1 trade! 1 trade, 6 times, and we will drink from the goblets in the Elysium Fields!
December 07, 2013, 09:29:38 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attemptbears failed to leave any wall behind their panic selling
tomorrow will be fun.
its always the same story just with a different price.
I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles.
Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now?
We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship.
Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it.
We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many.
Then we can find joy in going up again. Once its no longer expected.
I don't want to dissuade anyone from any optimism, but I agree that some 'pain' is due. My thought is a long slow decline to 266ish (450, 333, idk), and then another period where everyone 'forgets' about xrp, and then 'we go boom' again! :-)
December 07, 2013, 09:29:20 PM
Guy that predicted a $3300 top just posted that he is selling.
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
http://btctrading.wordpress.com/2013/12/07/short-term-update-h1-chart-bitstamp/
December 07, 2013, 09:28:17 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attemptbears failed to leave any wall behind their panic selling
tomorrow will be fun.
its always the same story just with a different price.
I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles.
Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now?
We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship.
Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it.
We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many.
Then we can find joy in going up again. Once its no longer expected.
Yes. Consolidation in the $400-700 range for the next couple of months would be very healthy. And I suspect that's exactly what will happen (although I'm guessing the bottom is more like $500 instead of $400, but we'll see).
December 07, 2013, 09:27:59 PM
someone remind me,
why does the picture ALWAYS look like this?
Because it shows the bid depth in BTC not USD.
interesting.
December 07, 2013, 09:26:54 PM
So what could be the fundamental reason for this crash?
December 07, 2013, 09:26:42 PM
someone remind me,
why does the picture ALWAYS look like this?
Because it shows the bid depth in BTC not USD.
December 07, 2013, 09:25:51 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attemptbears failed to leave any wall behind their panic selling
tomorrow will be fun.
its always the same story just with a different price.
I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles.
Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now?
We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship.
Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it.
We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many.
Then we can find joy in going up again. Once its no longer expected.
December 07, 2013, 09:24:29 PM
So what could be the fundamental reason for this crash? China? The news were positive in my view. Mr. Greenspan's bubbly comments? Does the man really have that much influence any more?
We know that there is a fundamental exponential rise for bitcoin, but we do not know the parameters of the exponential function: its starting point and it's daily percentage of increase. In addition to that underlaying function is of course the speculators.
Maybe the speculators (us) just got it wrong this time?
We know that there is a fundamental exponential rise for bitcoin, but we do not know the parameters of the exponential function: its starting point and it's daily percentage of increase. In addition to that underlaying function is of course the speculators.
Maybe the speculators (us) just got it wrong this time?
December 07, 2013, 09:21:12 PM
plus china pulling out seems to give more confidence to bulls. If it'll hold tonight tomorrow might be fun
December 07, 2013, 09:20:43 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attemptbears failed to leave any wall behind their panic selling
tomorrow will be fun.
its always the same story just with a different price.
December 07, 2013, 09:19:50 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
also 2k waiting to buy till 650 seemed to stop the last attempt bears failed to leave any wall behind their panic selling
tomorrow will be fun.
December 07, 2013, 09:18:19 PM
price appears to be stabilizing.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
bears failed to leave any wall behind their panic selling
tomorrow will be fun.
Jump to: