Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33587.

gizmoh

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Quote from: phoenix1 on May 02, 2013, 11:20:35 AM

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

Good analysis and it is much more worrying to forecast a price point.
On another note, Gox is lagging to an "acceptable level"

phoenix1

hero member

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Quote from: humanitee on May 02, 2013, 11:25:32 AM

Quote from: phoenix1 on May 02, 2013, 11:24:25 AM

Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

Not everyone is here to speculate. Leave the guy alone.

That was not intended to be an attack, just an honest opinion

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

Quote from: dohse on May 02, 2013, 11:23:11 AM

Quote from: phoenix1 on May 02, 2013, 11:20:35 AM

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

I think you might be right because of your low post count. The pessimism at the moment seems to be coming from new users with only a couple hundred posts, and it was newbie money that really put Bitcoin stratospherically high. If so many of you are feeling as pessimistic as your posts seem to say you are- then yeah, we might be in for a much farther drop.

phoenix1

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Activity: 798

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Quote from: dohse on May 02, 2013, 11:23:11 AM

Quote from: phoenix1 on May 02, 2013, 11:20:35 AM

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

Yeah, but not the end of the capitulation

humanitee

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Activity: 1302

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Quote from: phoenix1 on May 02, 2013, 11:24:25 AM

Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

Not everyone is here to speculate. Leave the guy alone.

HerrDoktor

newbie

Activity: 56

Merit: 0

Quote from: dohse on May 02, 2013, 11:23:11 AM

Quote from: phoenix1 on May 02, 2013, 11:20:35 AM

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

that is probably spot on. the only responsible thing to do now is - wait for it - SELL !

Or that could just be me Cheesy

phoenix1

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Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

I hear you. But the problem with that approach is that you just got into an arranged marriage with your position. It's hard to see the market objectively from there

dohse

newbie

Activity: 43

Merit: 0

Quote from: phoenix1 on May 02, 2013, 11:20:35 AM

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

This feels like people are throwing in the towel. Capitulation, if you will. With none of the hype and buzz having any positive effect on the prices like it used to and a growing distaste with feeling like the price is at the whims of the puppet-masters, it seems like people are ready to step away for a while and let this burn itself out.

Or that could just be me.

phoenix1

hero member

Activity: 798

Merit: 1000

The odd thing for me is that this does not feel like panic selling ... just relentless selling pressure. Yesterday, when we broke below 120 we went into freefall ... this feels very different ... worryingly so
That's why i don't think we've seen the bottom yet ... no panic and not even that much volatility

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: samson on May 02, 2013, 11:17:09 AM

Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

That's the way, bury your head in the sand and hope for the best !

It may seem stupid to some, but everytime I sold at a loss before the price got back up within a week or so.

HerrDoktor

newbie

Activity: 56

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Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Quote from: HerrDoktor on May 02, 2013, 11:13:16 AM

Quote from: KillaMarci on May 02, 2013, 11:11:58 AM

Quote from: glendall on May 02, 2013, 11:10:39 AM

Geezz....what a dive! Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...

sell them while you can get at least 92 Wink

its at least better then nothing

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

i feel you:D

samson

legendary

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Quote from: KillaMarci on May 02, 2013, 11:14:42 AM

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

That's the way, bury your head in the sand and hope for the best !

barbs

hero member

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EEEhhhhheeehhh for the longest time. Oohhhh oooohhh oohhhh for the longest time.

Huh

This is more interesting than dealing with drama at work! i got out at 140... there's just no real upside right now i can see worth taking the risk in this market climate.. very brave buyers between the lag and no idea where the price will be in 5 mins..

KillaMarci

member

Activity: 84

Merit: 10

Bitcoin Mininode...and proud!

Quote from: HerrDoktor on May 02, 2013, 11:13:16 AM

Quote from: KillaMarci on May 02, 2013, 11:11:58 AM

Quote from: glendall on May 02, 2013, 11:10:39 AM

Geezz....what a dive! Yikes . Might be holding my $110 coins for a long time...

I'm holding some at 128 and some at 156 and I'm feeling mildly scared. Just mildly though...

sell them while you can get at least 92 Wink

its at least better then nothing

Nope. I have done that way too many times. I have sworn to myself to never ever sell at a loss ever again. I still have fiat in my account so it's not that bad.

DougTanner

sr. member

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