Buy and hold.
If you must sell, you'd be incredibly stupid to do so under $46.
Topic: Wall Observer - MtGoxUSD wall movement tracker - page 538. (Read 1811613 times)
A fast rise will undoubtedly lead to a correction eventually, that is clear. It would defy all market behaviour in history if it didn't. However, the 2011 situation was different. First of all, the rise was pretty much all hype based on the idea of this new cryptocurrency. There was no economy to speak of, except Silk Road that had just started. There were literally only a few Bitcoin companies in the whole world. Then the hype went down, and security problems ran rampant within the community, leading to a total crash.
We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted in the Internet, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.
Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted in the Internet, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.
Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
+1, I see you're someone who understands.
A fast rise will undoubtedly lead to a correction eventually, that is clear. It would defy all market behaviour in history if it didn't. However, the 2011 situation was different. First of all, the rise was pretty much all hype based on the idea of this new cryptocurrency. There was no economy to speak of, except Silk Road that had just started. There were literally only a few Bitcoin companies in the whole world, and merchants such as Alpaca Socks accepting bitcoins. Then the hype went down, and security problems ran rampant within the community, leading to a total crash.
We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted online, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.
Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
We might be seeing a correction, but that is different from a total crash. Totally different. The Bitcoin economy today is 10 times more mature than it was during the 2011 hype. We have dozens of Bitcoin startups all over the world. Silk Road is huge compared to what it used to be. Bitcoin is becoming widely accepted online, for pretty much any service one can imagine. We have VC's and Hedge Funds starting to invest in bitcoins and Bitcoin companies. Security of Bitcoin exchanges, while not perfect, is at a very high level compared to the past.
Fear of a larger crash is, at this moment, entirely unfounded. It's the definition of FUD. A large majority of market players do know this, and they're simply figuring out how deep the correction will be. The backbone of the economy becomes stronger every day, leading to a higher bottom price. This doesn't mean we don't have significant corrections, the market can still go to an overdrive. There is always the point where it's too much, regardless of where we're at, but my personal opinion is that with what is going on in the economy, any price below $50 is not a bad entry point for buyers, unless they're thinking super short term.
Long term, I have trust in the Bitcoin concept (or: the concept of crypto currencies in general). But for the short term, I am reminded of what happened in 2011. It seemed as if the whole rally faded once headlines appeared in major MSM. That doesn't mean that it will be the same now, or that we will not go over $50 this time, but I am wary of the same thing happening again.
Indeed, better of just to accumulate at appropriate times and leave the ups and downs to others. A MACD cross through 0 on the daily has always been a good time to buy some more.
Indeed, better of just to accumulate at appropriate times and leave the ups and downs to others. A MACD cross through 0 on the daily has always been a good time to buy some more.
We have a rare Saturday rally going on which is a bullish sign.
There are no other markets quite like Mt Gox. All the major forex markets close at some point, while Mt Gox is open for trading 24/7, with participants from all over the world.My guess is that as the traders on Mt Gox become more geographically diverse you'll stop seeing lulls in activity corresponding to weekends and the hours when North American and European traders aren't active.
Really.
If you want to get some cheap coins sell now. Don't thank me later.
Buy back now bro - those walls at 48.5 are not real.
ORLY?
It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
Are you buying?
Okay, I fold. I was anyway thinking of increasing my BTC stash by about $50000. Then came the correction and I was salivating at the idea of being able to buy at $30-$35. I didn't sleep at night, just waiting and waiting and spreading FUD...
Then it started going back up from $45. If you look at the daily chart, there is no correction. Just going up and up. Of course there will be dips and some day there will be crash for sure. The dips, such as the one two nights ago, will take us back maybe 3 days' worth of gains. The crash will nullify the gains of maybe latest 1-2 months (like the one in 2011 did).
If you know what we all know, it makes pretty little sense to do anything except all in (leave enough in silver that you can live comfortably if BTC goes to 0, of course). I am planning to do just that in the coming weeks and I still hope for $30-$35. Today was the deciding factor - up until today I thought there is some coins in the bears' hand that they can sell. Today I realized that the number of bears increased just because more and more people that speculatively sold already, and USD is now burning in their hands. BTC is going up long term for sure. The bears will buy back or be forgotten.
Sorry fella bears that I put the buy orders there. My friend told that I will hurt the ability to buy, if you show it, but I don't know how to use bots
Sorry also for the mini runup. I was panicking
I think you're absolutely right, and I've lost a lot of money too buying into the fear mongering. If I had bought at $32 two years ago I would STILL be ahead. I was thinking I was smart selling at $17 only to buy back in later.
Well I'm tired of that and I don't have the energy to arbitrage all night long and lose sleep over the rate. I've made my peace like this: I believe in Bitcoin and for it to be a success bitcoins are going to be worth a hell of a lot more then $50, so if I just keep buying whenever I can I will still come out on top in the end.
if it keeps going up it will be unheard of in history of markets
Because of what?
There is no shortage of bubbles (or however you call it) in the history of markets. They all have corrections - and the point is that you never know where in the cycle you are. Personally I am betting that this is just the beginning.
it seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
i'm not expecting correction, i'm expecting crash to where its all started Aha - why? Last time in 2011 it did not crash to where it started - why now?
if it keeps going up it will be unheard of in history of markets
Depends on how long you mean. If it goes up till it gets to 1000USD per going and then crashes to 500USD you'll be right, and I'll still be happy.
It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
Are you buying?
Okay, I fold. I was anyway thinking of increasing my BTC stash by about $50000. Then came the correction and I was salivating at the idea of being able to buy at $30-$35. I didn't sleep at night, just waiting and waiting and spreading FUD...
Then it started going back up from $45. If you look at the daily chart, there is no correction. Just going up and up. Of course there will be dips and some day there will be crash for sure. The dips, such as the one two nights ago, will take us back maybe 3 days' worth of gains. The crash will nullify the gains of maybe latest 1-2 months (like the one in 2011 did).
If you know what we all know, it makes pretty little sense to do anything except all in (leave enough in silver that you can live comfortably if BTC goes to 0, of course). I am planning to do just that in the coming weeks and I still hope for $30-$35. Today was the deciding factor - up until today I thought there is some coins in the bears' hand that they can sell. Today I realized that the number of bears increased just because more and more people that speculatively sold already, and USD is now burning in their hands. BTC is going up long term for sure. The bears will buy back or be forgotten.
Sorry fella bears that I put the buy orders there. My friend told that I will hurt the ability to buy, if you show it, but I don't know how to use bots
Sorry also for the mini runup. I was panicking
LOL at people hoping for a crash. Must be either noobs with no perspective on Bitcoin history or silly bears bearin' it up.
I guess everyone keeps forgetting Coinbase is STILL selling out and Coinlab opens officially in 13 days.
Once those fake walls come down, see you later!
I guess everyone keeps forgetting Coinbase is STILL selling out and Coinlab opens officially in 13 days.
Once those fake walls come down, see you later!
if it keeps going up it will be unheard of in history of markets
it seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
i'm not expecting correction, i'm expecting crash to where its all started What the fuck 's happening just now by the way? We're almost at $47.
I'm wondering if some bulls decided to run it all the way upto 50.
It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
Are you buying?
What the fuck 's happening just now by the way? We're almost at $47.
I'm wondering if some bulls decided to run it all the way upto 50.
It seems a lot of us are expecting some kind of correction. Does that mean the market is going to run the opposite way?
What the fuck 's happening just now by the way? We're almost at $47.
I'm wondering if some bulls decided to run it all the way upto 50.
Over $5 mil in visible orderbook.
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