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arepo

sr. member

Activity: 448

Merit: 250

this statement is false

Quote from: lebing on April 24, 2013, 05:28:46 AM

Quote from: naphto on April 24, 2013, 05:26:21 AM

"bull trap"

lol. Seriously, when will people stop saying that.

when people stop saying this:

Quote from: ruski on April 24, 2013, 05:27:10 AM

Quote from: NikolaTesla on April 24, 2013, 05:23:51 AM

We're at return to "normal"

If we blow past $250 this week, you'll be wrong.

we're going to fly right past 'normal' and overcorrect back into misery again. we've probably already departed from sustainable prices, at this rate.

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: herzmeister on April 24, 2013, 06:08:03 AM

Bear Trap or Bull Trap, according to the graph we will eventually tank and hit ~30 USD again either way.

Yes the holy graph that is our bitcoin bible and can only be used and interpreted in 100 billion ways to suit everyone's opinion.

herzmeister

legendary

Activity: 1764

Merit: 1007

Bear Trap or Bull Trap, according to the graph we will eventually tank and hit ~30 USD again either way.

Ares

full member

Activity: 238

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 05:43:09 AM

Quote from: smoothie on April 24, 2013, 05:41:55 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

SO when you are bullish you ignore this above statement you made?

Now since you sold at $135 you are bearish so you need to talk the price down to buy back in.

LOL

So many noobs around here.

When I am bullish it's because I know other people are bullish. It has nothing to do with the real valuation, just mass psychology.

They aren't?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: ruski on April 24, 2013, 05:54:20 AM

Quote from: Rampion on April 24, 2013, 05:49:06 AM

Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station"

I was talking with my manager today about Bitcoin. This is a man that trades commodity futures at 75-100x leverage. And he thinks I'm insane.

Only the most extremely high risk pools will be investing here yet, IMO.

I agree. We need serious infrastucture for serious money to jump into BTC

Just a very few people has the balls to pump millions of $ to a Japanese company with a Polish bank account to buy a virtual currency that is traded in a very illiquid market. And I would bet that no corporation/hedge fund, etc. has the balls to do that ATM.

blackreplica

full member

Activity: 224

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 05:43:09 AM

Quote from: smoothie on April 24, 2013, 05:41:55 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

SO when you are bullish you ignore this above statement you made?

Now since you sold at $135 you are bearish so you need to talk the price down to buy back in.

LOL

So many noobs around here.

When I am bullish it's because I know other people are bullish. It has nothing to do with the real valuation, just mass psychology.

Not too long ago, I saw how sure yourself you were about your predictions. Now that you're wrong, you're singing a totally different tune, it's unbecoming. If you really want to be a good trader, set your emotions aside and prepare for every contingency including the ones you don't want to happen. If you're betting on a $55 price anytime in the near future and nothing else...I'd suggest you find something else to do.

ruski

full member

Activity: 350

Merit: 100

Quote from: Rampion on April 24, 2013, 05:49:06 AM

Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station"

I was talking with my manager today about Bitcoin. This is a man that trades commodity futures at 75-100x leverage. And he thinks I'm insane.

Only the most extremely high risk pools will be investing here yet, IMO.

batcoin

full member

Activity: 238

Merit: 100

In Gord We Trust

Quote from: Rampion on April 24, 2013, 05:49:06 AM

Quote from: ruski on April 24, 2013, 05:44:46 AM

Quote from: Rampion on April 24, 2013, 05:35:03 AM

we already had a first sell off at around $27
we already had A LOT of media attention. Almost everybody know about BTC at this point.
we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
the bulls are now saying "return to normal, heading to the ATH"

We haven't seen the full effects of such widespread media attention yet, I don't believe. Buying into BTC isn't as simple as calling your broker for first timers. We've always got enthusiasm and greed.

The key to this for me was that I sold out at $60, waiting for the second dip to continue much lower to buy. It never came and I bought back in at $120 ouch; it was a single-dip selloff in the scheme of things. The price now is moving almost as fast as it was on the runup to $260; all that new money is starting to take its position and everyone's afraid of being left out.

Of course it's a short term bubble. It may or may not lead to an actual new paradigm, with the market so much in its infancy; some of that money must plan to stay; either way I'm (again) not bothering to swing trade for fear of being left behind. Buy and Hold up in this bitch.

In bold something that is very true. Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station"

Anyway, I'm sure this is going to be a bumpy ride.

Yes, very bumpy. So keep your eyes on the road!

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: ruski on April 24, 2013, 05:44:46 AM

Quote from: Rampion on April 24, 2013, 05:35:03 AM

we already had a first sell off at around $27
we already had A LOT of media attention. Almost everybody know about BTC at this point.
we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
the bulls are now saying "return to normal, heading to the ATH"

We haven't seen the full effects of such widespread media attention yet, I don't believe. Buying into BTC isn't as simple as calling your broker for first timers. We've always got enthusiasm and greed.

The key to this for me was that I sold out at $60, waiting for the second dip to continue much lower to buy. It never came and I bought back in at $120 ouch; it was a single-dip selloff in the scheme of things. The price now is moving almost as fast as it was on the runup to $260; all that new money is starting to take its position and everyone's afraid of being left out.

Of course it's a short term bubble. It may or may not lead to an actual new paradigm, with the market so much in its infancy; some of that money must plan to stay; either way I'm (again) not bothering to swing trade for fear of being left behind. Buy and Hold up in this bitch.

In bold something that is very true. Now let's see how the bubble burst has scared new investors, or convinced them that is a good point to "hop onto the train before it leaves the station"

Anyway, I'm sure this is going to be a bumpy ride.

ruski

full member

Activity: 350

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 05:43:09 AM

When I am bullish it's because I know other people are bullish. It has nothing to do with the real valuation, just mass psychology.

I like you. That's how I played the 2008-2009 crash.

That said your position of having sold and waiting for a dip is showing rather clearly.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: NikolaTesla on April 24, 2013, 05:43:09 AM

Quote from: smoothie on April 24, 2013, 05:41:55 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

SO when you are bullish you ignore this above statement you made?

Now since you sold at $135 you are bearish so you need to talk the price down to buy back in.

LOL

So many noobs around here.

When I am bullish it's because I know other people are bullish. It has nothing to do with the real valuation, just mass psychology.

Um what about your statement about gox? lol

DO you tout this when you are bullish?

I love how people on here flip flop each few days lol

ruski

full member

Activity: 350

Merit: 100

Quote from: Rampion on April 24, 2013, 05:35:03 AM

we already had a first sell off at around $27
we already had A LOT of media attention. Almost everybody know about BTC at this point.
we already had A LOT of enthusiasm, greed, delusion and "new paradigm" screamed all over
the bulls are now saying "return to normal, heading to the ATH"

We haven't seen the full effects of such widespread media attention yet, I don't believe. Buying into BTC isn't as simple as calling your broker for first timers. We've always got enthusiasm and greed.

The key to this for me was that I sold out at $60, waiting for the second dip to continue much lower to buy. It never came and I bought back in at $120 ouch; it was a single-dip selloff in the scheme of things. The price now is moving almost as fast as it was on the runup to $260; all that new money is starting to take its position and everyone's afraid of being left out.

Of course it's a short term bubble. It may or may not lead to an actual new paradigm, with the market so much in its infancy; some of that money must plan to stay; either way I'm (again) not bothering to swing trade for fear of being left behind. Buy and Hold up in this bitch.

Uglux

full member

Activity: 222

Merit: 100

Quote from: NikolaTesla on April 24, 2013, 05:40:06 AM

Quote from: MykelJH on April 24, 2013, 05:39:04 AM

Quote from: NikolaTesla on April 24, 2013, 05:37:47 AM

Quote from: ruski on April 24, 2013, 05:34:58 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

The true valuation based on fundamentals should be around $55.

now is this strictly based on number of bitcoin VS. difficulty to get?

Based on cost to mine. If I can mine for $50 a coin, why should I buy for $150 coin? The convenience of buying isn't worth increasing the price by 200%.

Demand, not convenience, dood.

NikolaTesla

newbie

Activity: 28

Merit: 0

Quote from: smoothie on April 24, 2013, 05:41:55 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

SO when you are bullish you ignore this above statement you made?

Now since you sold at $135 you are bearish so you need to talk the price down to buy back in.

LOL

So many noobs around here.

When I am bullish it's because I know other people are bullish. It has nothing to do with the real valuation, just mass psychology.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

SO when you are bullish you ignore this above statement you made?

Now since you sold at $135 you are bearish so you need to talk the price down to buy back in.

LOL

So many noobs around here.

NikolaTesla

newbie

Activity: 28

Merit: 0

Quote from: MykelJH on April 24, 2013, 05:39:04 AM

Quote from: NikolaTesla on April 24, 2013, 05:37:47 AM

Quote from: ruski on April 24, 2013, 05:34:58 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

The true valuation based on fundamentals should be around $55.

now is this strictly based on number of bitcoin VS. difficulty to get?

Based on cost to mine. If I can mine for $50 a coin, why should I buy for $150 coin? The convenience of buying isn't worth increasing the price by 200%.

Miz4r

legendary

Activity: 1246

Merit: 1000

If anything bad happens to Mt Gox the price will drop I agree, but just DDoS isn't going to work anymore we're past that stage now. So what's going to pop it now? I think the odds are definitely in favor of the price going up or consolidating around $200. Once new more professional exchanges come into business (and this will be pretty soon) then the real bull market starts taking off.

MykelJH

newbie

Activity: 42

Merit: 0

Quote from: NikolaTesla on April 24, 2013, 05:37:47 AM

Quote from: ruski on April 24, 2013, 05:34:58 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

The true valuation based on fundamentals should be around $55.

now is this strictly based on number of bitcoin VS. difficulty to get?

NikolaTesla

newbie

Activity: 28

Merit: 0

Quote from: ruski on April 24, 2013, 05:34:58 AM

Quote from: NikolaTesla on April 24, 2013, 05:33:14 AM

The first sell of was in 2011 and teh big one was two weeks ago so obviously we're at return to normal.
This shit is going to fall hard within the next few days. Bitcoin hangs from the thread that is mt. gox. If anything at all bad happens to them, the whole market is fucked.

Haha, so we're headed down to ...breaks out the calculator $3? Being optimistic?

The true valuation based on fundamentals should be around $55.

Mouser

newbie

Activity: 56

Merit: 0

The angle of increase today at 155 suggests this is another small bubble. Each little pop leaves the price a little higher than it was a couple of days earlier.
When one of these small bubbles occurs at say 217 the pop could easily plunge the price a longer way down to 98. From there resumed gradual increase with the process repeating at 250, 300 350, 450, 650 etc.

Just speculation.

Topic: YOU ARE HERE - page 3. (Read 4925 times)