Quote from: dani on February 25, 2016, 09:36:58 AM

Quote from: JayJuanGee on February 25, 2016, 09:25:47 AM

Quote from: dani on February 25, 2016, 09:04:32 AM

Guys, can we stick to the thread? I want charts, Doomsday and moon postings. No more HF, segwit and bullshit posts.

What do you think about the price movement? I for once thought the uprise stopped and would slowly decrease. But since we bounced back @415 yesterday I'm not quite sure about that

Yes, wishful thinking stopping the various FUD, quasi-off topic and trolling.

I personally have little clue about the price direction on the short term.. with the various ongoing price manipulations that seem to be occurring and even the seemingly relatively speaking low volume.

It would be nice to get some high volume upward price action to bring us past $467, but I am having my doubts about how long it is going to take for such an event to occur because when we have fairly low trade volume with upward and downward girations, we have the sense that there is not a whole hell-a-va lot of passion out there regarding bitcoin pumping (to get us to move upwards), and when low volume is sustained, then the price is being controlled by a fairly small amount of capital, which means that BTC prices can be driven down with a few thousand coins dumped over a few hours.

Surely, the whales need more than a few thousand coins and capital to control bitcoin prices, but relatively speaking, it is not a lot when the volume is so low on an ongoing basis.

Accordingly, if there is high trade volume with upward price movement (for example, averaging more than 15k coins per day on Bitstamp for more than a week), then that level of trade volume signifies that we have a pretty decent BTC price battle going on (and some passion in the fight between the bears and the bulls)... otherwise if there is not a passionate battle, then little by little bears can control and manipulate and surprise with dumps...

To me, I kind of assess that we have not experienced such a sustained BTC price battle for more than 8 weeks... so can become a bit nerve racking.. to witness the bears kind of controlling and the FUD receiving too much attention... and the passion for upward movement is not quite high enough to cause upward umph.

Prior to 8 weeks ago, we had about 20 weeks of a decent and sustained trade volume which really was a price battle that brought us to our current approximate floating price (largely floating between the $360s and the $460s during this kind of waiting and see period.. maybe even a kind of consolidation range.. at least for the moment, until passion increases... which will come, sooner or later.. hopefully sooner... Wink

).

Thank you! I think that sums up the past few weeks. Like you said, the volume is quite low. I'll see if the price will drop a little further

I think we'll see 410 again, this week. You guys think it could slip to 370-380 for a day and recover quickly? Too much support? I'd love that idea of buying them cheap

I am becoming a bit bearish on the short term (maybe 52.5% down and 47.5% up - I mean like a 5%-10% correction), but really, I don't know.. I just have an inclination.

My inclinations can be quite wrong, sometimes. In mid-November, I recall around $300 waiting for BTC prices to go below $300 and waiting for the push below $300, and sometimes the price just won't go lower. We cannot always really know for sure when the bears have run out of ammo or willpower or whatever it is that then causes the price to resume its upward trajectory.

Personally, I think that you should have enough ammo that you can continue to buy on the way down, if prices go there, but also, you should be prepared for prices to go upwards too (so never sell all or even a large majority of your stash.. better to buy and sell in increments, possibly of less than 10% of your stash - unless you really are convinced and have some solid insight for some reason).

I have enough ammo if prices go below $360, but really that is not the preferable direction because most of my ammo is prepared for upwards, and we cannot really know, which way it is going to go..

Once we are in BTC, for our own sanity, if we want to stay in BTC for the long-term, we can only prepare for both price directions because that seems to be likely to continue for quite some time into the future.