Ninjastic
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Post
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Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
UltimateReaper
on 10/05/2013, 18:20:15 UTC
Quote from: lebing on May 10, 2013, 06:10:08 PM
Quote from: UltimateReaper on May 10, 2013, 06:05:21 PM
Quote from: Piper67 on May 10, 2013, 06:00:46 PM
Quote from: KillaMarci on May 10, 2013, 05:32:06 PM
Quote from: Dumbastronaut on May 10, 2013, 05:28:35 PM
My gut is screaming bull trap

My gut is screaming bull trap, bear market, capitulation, and bear trap all at the same time.


Getting mixed signals here.

Once, when asked about his gut feeling, Carl Sagan said: "I'd really rather not think with my gut, my brain does the job a lot better"  Grin

Don't prodigies and athletes use the least amount of brain power? In fact high level operation has often been (curiously) linked to lower brain activity. Perhaps this has something to do with the subconscious. Anyways, I'm sticking to what I thought 10 or so days ago: downtrend.

Edit: that being said... I'm getting super impatient.

This pretty much sums up the market at the moment. Everyone thinks they will be able to get cheaper coins... but the longer they wait, the less likely that becomes. Once the bids exceed the all time high (not far off), I can see a massive spell of panic buying ensuing.

I'm willing to buy back in at a loss, even if it makes me bleed out, it's been far too long for the case to be otherwise, however, I'm still kind of thinking that BTC is overvalued at the moment. I'm leaving emotion out of this. It seems like bulls are always the same, and while I'm not a bear I just can' see sustainable growth right now.