Well that didn't last long... | Bitcointalksearch.org

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

this is very optimistic. 37% more than the low this year. 37000% more than a few years ago. If you bought this year on a random day, you lost in 95% of all cases...

yefi

legendary

Activity: 2842

Merit: 1511

Current price action after the rise doesn't fill me with confidence. You want to see people buy the dip, but instead we seem to be witnessing a breakdown. It's not decisive at present, and we may rally yet, but the downside risk from a failure here shouldn't be discounted.

Alonzo Ewing

legendary

Activity: 1040

Merit: 1001

Quote from: BittBurger on November 14, 2014, 11:55:52 AM

1) Genuine, organic value increase is happening "under the hood". Its gradual, and over a long period.

2) People with money are OBVIOUSLY pumping and dumping on top of that "base" value price.

--------------

If you haven't noticed the obvious trends where prices go up to .... then drop ... you haven't been paying attention.

The value of Bitcoin isnt going to rise in a spike.

The real organic value of Bitcoin is going to grow gradually over time, as adoption increases over time.

The rest? Pumps.

Buy 10-20 bitcoins you're willing to lose and play the system. There's money to be made.

-B-

That's not how it works in speculative markets. Rarely do markets move up or down in a steady fashion. They instead rise and fall in fits and spurts. Bitcoin is no different.

Chris_Sabian

legendary

Activity: 896

Merit: 1001

Bitcoin and the Blockchain are less than 6 years old. The general population may have heard of bitcoin before but they have no idea what it is nor what it can do. The current price of ~$400 is still very small. Look at the ~$5.5 billion market cap. That is smaller than major companies let alone countries.

I'm sure that people in 2011, when the price dropped from ~$30 to $2, thought that the bitcoin world was crashing. Look where we are now.

Relax, hold, develop, promote, and the moon will come.

kashish948

legendary

Activity: 1596

Merit: 1000

Quote from: ?? on ??

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10 lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

How about we compare it a bit more?

Go back 2 years and we are 390$ more. And more importantly 3636% more. Give me one investment that has such returns!

belmonty

sr. member

Activity: 295

Merit: 250

It recently shot up by about $130 then went back down by about $70. I feel positive now considering it's bouncing back up. If it had shot up by about $130 then went back down by over $130 I would feel negative.

aztecminer

legendary

Activity: 1092

Merit: 1000

Quote from: exocytosis on November 13, 2014, 06:44:32 PM

Quote from: darkangel11 on November 13, 2014, 06:12:52 PM

Bitcoin went up $40 in 3 days and you call it a downtrend? I thought a downtrend is when every week the price is lower. Roll Eyes

Nov 1st $338
Nov 7th $350
Nov 14th $405

Downtrend my a$$ Cheesy

Bitcoin has gone down 60-70% the last 11 months. I call that a downtrend.

great year for mining though!

Coinshot

hero member

Activity: 521

Merit: 500

We have an expected correction, and all the naysayers are out. I expected it to go to 420, so past 450 was a bonus. A correction down to 350-360 was expected, and we are still above it.

JimboToronto

legendary

Activity: 4116

Merit: 4738

You're never too old to think young.

Quote from: piramida on November 14, 2014, 02:37:44 PM

Each rebound is higher than the one before

Exactly.

Oct. 5 bottom at <280

Oct. 14 rise to >415

Nov. 1 bottom at <320

Nov. 12 rise to >450

Nov. 12 bottom at >380

Of course beartrolls in denial will call these Dead Cat Bounces and insist that the Oct. 5 high-volume capitulation wasn't the bottom because it doesn't fit their little wishful-thinking agenda of a cheap coin dream world.

As long as the Dead Cat Bounces keep getting higher and higher, maybe they'll DCB all the way to an ATH.

piramida

legendary

Activity: 1176

Merit: 1010

Borsche

What the hell doomsday trolls are actually bubbling about here? The price is still growing since hitting the 275 lows; the fact that it is not sitting at the local high is just the way markets work. Grow, rebound a little, continue growth.

How you can tell we are growing, a blind troll might ask? Each rebound is higher than the one before, that's how. When we go below 310, that's when you can say we are going down and this growth has stopped. Now, my headless chicken, you can return back to running around screaming

Bad Uncle

member

Activity: 64

Merit: 10

Quote from: MF Doom on November 13, 2014, 03:45:40 PM

Price is going back down quickly, seems like bitcoin cant sustain price growth or higher price levels. The downtrend seems to still be in tact. Was it just another fake pump?

Did you honestly expect it to just keep going and going? We shouldn't expect anything other than wild fluctuations for the foreseeable future, this is bitcoin after all.

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: MF Doom on November 13, 2014, 03:45:40 PM

Price is going back down quickly, seems like bitcoin cant sustain price growth or higher price levels. The downtrend seems to still be in tact. Was it just another fake pump?

1) Genuine, organic value increase is happening "under the hood". Its gradual, and over a long period.

2) People with money are OBVIOUSLY pumping and dumping on top of that "base" value price.

--------------

If you haven't noticed the obvious trends where prices go up to .... then drop ... you haven't been paying attention.

The value of Bitcoin isnt going to rise in a spike.

The real organic value of Bitcoin is going to grow gradually over time, as adoption increases over time.

The rest? Pumps.

Buy 10-20 bitcoins you're willing to lose and play the system. There's money to be made.

-B-

UnDerDoG81

legendary

Activity: 2179

Merit: 1201

I don´t see Bitcoin ever climb over $600 again. Every time it starts rising, some greedy mofos drive the price back down. And this will continue all the time. Exactly these type of people are also the reason why the world is sickening more and more. Greed and money kills millions of humans every year. Especially humans who live in countries with a lot of oil.

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: ?? on ??

Quote from: darkangel11 on November 14, 2014, 10:38:28 AM

Quote from: cr1776 on November 13, 2014, 08:29:46 PM

Quote from: ?? on ??

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10 lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

$400 higher than 2 years ago.

400000% higher than 5 years ago

+1
Or in his words:
$10 higher than 12 months ago
$250 higher than 13 months ago
$320 higher than 16 moths ago
$390 higher than 24 months ago

Quote from: dnaleor on November 14, 2014, 10:53:47 AM

wasn't able to post todays chart in time. Here it is:

One year ago...

BTC was at 409.77 USD (Bitstamp VWAP)

Bitcoin broke 400 USD for the first time in history.
Currently, we are below the exchange rate of one year ago Sad

Depends how you look at it. t was $413 today on Bitstamp and the lowest price a year ago was below $390

The day is not over yet Wink

darkangel11

legendary

Activity: 2296

Merit: 1335

Don't let others control your BTC -> self custody

Quote from: cr1776 on November 13, 2014, 08:29:46 PM

Quote from: ?? on ??

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10 lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

$400 higher than 2 years ago.

400000% higher than 5 years ago

+1
Or in his words:
$10 higher than 12 months ago
$250 higher than 13 months ago
$320 higher than 16 moths ago
$390 higher than 24 months ago

moiraine

member

Activity: 79

Merit: 10

stabilization at 400~ is great considering how long we were in the low 300s. If we ever touch the 250 level again (a la 2012-2013 spike) i think it'll be over

fewcoins

full member

Activity: 126

Merit: 100

Quote from: CoinCidental on November 13, 2014, 08:56:24 PM

Quote from: MF Doom on November 13, 2014, 03:45:40 PM

Price is going back down quickly, seems like bitcoin cant sustain price growth or higher price levels. The downtrend seems to still be in tact. Was it just another fake pump?

hang on
its barely breakfast time in china now
the buying may well continue all day like it did yesterday and ease off in the evening (chinese time )

or the Chinese can wake up & sell the way they did all night! Roll Eyes

CoinCidental

legendary

Activity: 1316

Merit: 1000

Si vis pacem, para bellum

Quote from: MF Doom on November 13, 2014, 03:45:40 PM

Price is going back down quickly, seems like bitcoin cant sustain price growth or higher price levels. The downtrend seems to still be in tact. Was it just another fake pump?

hang on
its barely breakfast time in china now
the buying may well continue all day like it did yesterday and ease off in the evening (chinese time )

favelle75

hero member

Activity: 910

Merit: 501

Quote from: fewcoins on November 13, 2014, 06:05:21 PM

Quote from: Addition on November 13, 2014, 05:47:42 PM

Quote from: fewcoins on November 13, 2014, 05:09:41 PM

Quote from: ?? on ??

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10 lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

Correct, lol at the guy above me that thinks 475+ is achievable. Greed will slaughter all you pigs! Cry

Seeing that we were at $453 Stamp $460 Finex less than 16Hrs ago, how is $475 not achievable?

Actually, just reviewed your previous posts Cheesy

Fair enough - everyone has an ideal price, and don't blame folks on here who want "cheap coins" be it $150, $300, $500 - good luck all, hope you're Limit Orders come good for you : )

Believe the technology is in a volatile phase and will be for another 4 years. Could be wrong but think we will continue to sustain this daily volume for a while longer and price is going up $475 range (48Hrs) tomorrow or Saturday/Sunday

Ummmmm because we are now at 400 & the people holding on from $480~ will join the sell off when it passes 388. Short term btc will bomb very soon

Quoted for future funnieness.

cr1776

legendary

Activity: 4130

Merit: 1307

Quote from: ?? on ??

Quote from: marvinrouge on November 13, 2014, 03:49:03 PM

Well we are still +15% compared to last week. I can handle a coin which "just" grow 15% a week. Wait we go below 370 to announce the resume of the downtrend

Remind you that we are currently

$10 lower than $410 at one month ago
$120 lower than $520 at three months ago
$250 lower than $650 at six months ago
$400 lower than $800 at ten months ago

This could be a bull trap, another new low sub-$300 can happen in any time

$400 higher than 2 years ago.

400000% higher than 5 years ago

Topic: Well that didn't last long... (Read 4327 times)