People who are thinking of selling, I would like remind that in daily we are very oversold so there's big risk that you end up sell too cheap. This forum is very bearish in times like these and it can make you do irrational decisions that you end up regretting later. If you have fiat, good, this is great buying opportunity and might get even lower but if you don't have fiat, then i suggest that you hold, at least to the next bounce and even then don't sell all of your coins!
in 1h there seems to be forming h&s with falling vol and rsi
so..... 450 buy on Huobi and absolutely no one followed. it's like all the bulls up and disappeared. i think we are gonna slowly slide down here and break 500. hopefully not too far below...
didn't you get the memo? we may never see sub 500 prices
TM 
never ever
This what you have in mind? Or something more short-term?
No. The small bullish one on the right. I estimate we get a small bounce back to 490 - 500.
You came here straight from ryans thread to estimate this? =D And btw. that odas divergent is bullish.
Feels great to see my life savings just dissappear
Can't sell at this huge loss either..
fucking hell
when playing with life savings maybe some stop losses are in order.
I probably won't be selling, (maybe but not sure)
I'm taking loans if we go sub 400
I will be incredibly fucked if this thing goes wrong...
You know, normally I'd assume you're joking, but I guess you're not...
to recap:
1) you're invested too much in an extremely speculative asset
*.
2) your investment is underwater, and you have no form of risk control in place
3) if it goes down further (and you're down with your initial, already too big, investment even more), you plan to increase your exposure.
... I'm not even gloating, or trying to be a dick... I'm just puzzled. And, while I don't know you personally, a bit worried.
* (well, that's what it is. has a shot at going to the moon, has a real chance to never make it back to $1000. ergo: extremely speculative)
- if it's going <300 do you really think that it would not bounce violently back? ofc theres a chance but chance of bounce is much higher
- as is chance of moon than "never get back to $1000"
podyx plan is risky ofc but we are bitcoin investors, many of us has made fortune out of few grands, it could be more dumb to sell at <300 because of risk management that doesnt rly know what the real risks are than investing loaned money at <300
What would be dead is the inflated expectations of a few overzealous people. That's all.
So it's greedy if a bitcoiner buys a bitcoin sometime, ANYTIME in 2014, and expects it to more or less retain it's value? Should no one have bought any bitcoins AT ALL in 2014 and held them?
Honestly answer the question. 2014 is nearly over, it's been 10 months.
Maybe not greedy but naive? Bitcoin went up x100 in 2013. Do you expect this to just maintain its value without major corrections?
If you want to retain value short to mid term at least, then Bitcoin is not the asset to do that. Bitcoin is an asset to look for high growth, and with that growth comes the cost of RISK.
Sticky please. First post everyone should read who enters this forum.
this forum can be 'little' bit biased, but it's good to remember also that big win doesnt necessarily mean big risk, risk is situational and it has to be defined case by case, best cases are when risk is low and win probability high, bitcoin has been in past many times in this category
Mmmh, here's the old overconfidence again: "No way this will go back lower than $270". "Only way from here is up.". "$400 later today" ... and so on.
No, talking my book here, I'm still long. But we're getting near the next manic period again in here, and not
that much to show for it so far. I wish this market could ever rise in a more controlled fashion. Probably impossible though
ppl should be saying that this is not going up yet and everybody should be shorting (shorts have squeezed in this rise), then i would feel much more confident about this rise, maybe we didnt see enough blood yet with that 160 bottom...
Time for blood, join the red team or get squashed
a long squeeze would be pretty fucking epicly tragic
Not for the bears.
I'm drooling over one that would reach as low as 180$, a bear can hope...
how about 50 dollars?
I almost placed a 3x leveraged short at 229$, but was too lazy to press the margin sell button.
Thought I had time until tomorrow to reach 229$, but now I'll have to wait a bit and see how this situation develops.
scared
I almost placed a 3x leveraged short at 229$, but was too lazy to press the margin sell button.
Thought I had time until tomorrow to reach 229$, but now I'll have to wait a bit and see how this situation develops.
scared
No, not scared, this was
before the crazy BTC-E pump. I expected a small rise reaching about 230$ today, so at that time I had no reason to be scared.
If I wouldn't have been lazy (by delaying placing the short limit order for the next day), yes I would have been scared when seeing the crazy pump.
I still don't understand the BTC-E pump, need more time to see the follow-up, and am now waiting for a new low risk entry for my planned short.
aah ok
i was a bit scared too during the btc-e pump but shorted still a bit
So all this up was shorting closing, sadly the price didn't move much but shorts closed were a huge amount. If there is no followup things are not looking good at all
Some 6k shorts closed, a few more longs opened, which are now at the highest level since August 2014, guess what's coming next weekend?
weekly bar has closed inside the bollinger bands standard deviations, check how many times in the history we have not gone down more after the first dump: 1 and 6 times we have closed inside and gone deeper in coming weeks
weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen
drop to new lower lows is the most likely option, but if we are not doing that then the next likely option is that we triangle for at least a month, probably two, like we did the 1 time that we didnt do lower lows after we closed inside weekly BB
alts are going up, money will start to flow there while bitcoin drops or corrects for awhile
<snip bearish "TA">
weekly rsi has bear div and is heading down, it has to brake 70 to make the drop happen
You lose all credibility not knowing the difference between brake and break.
lol, im not a native english speaker, doesnt mean i dont know TA, your argument is stupid