Quote from: piramida on May 05, 2014, 04:51:08 PM

Maybe it will work for you, but be wary of TA based on repetition of history. One thing bitcoin has always did the past 4 years is - surprised me when I was sure I knew where it will go short-term. If you think you know where it will be in a week/month, prepare to be surprised. But I see you have buyback plans for both scenarios, at least that would not send you panicking, so I suppose it's a risk worth taking. Good luck

PS Btw still holding that TSLA? That was a nice stock last year, enjoyed the rides, however sold recently as most other tech stocks. But that's a different story.

Just following the current trend. And trust me, even in the last few motnhs, I know all about being surprised by BTC. I feel like I have bought and sold at terrible times; even now I don't feel great about my decision. The sad thing is I am trying to tell myself I sold because the data/chart is starring me right in the face (is it as hard to ignore as it is for me as it is for everyone else?), but I could have very well have sold because I was tired of just holding.

Still holding the TSLA, though I really haven't paid it much attention. I understand the "fundamentals" (investing language?) of Tesla and the technology quite well. Maybe if my gmable in BTC pays off I will heavily long-term invest in TSLA. I see Tesla being around a long time (note, I am very heavily biased towards Tesla).

Quote from: MatTheCat on May 05, 2014, 04:45:33 PM

Quote from: Bazil240 on May 05, 2014, 04:18:54 PM

Nothing new here, it just seems obvious to me that we are heading for another dip. The "dips" are decreasing in size/length, but a dip nonetheless seems destined.

Yep. Question is that with Bitstamp hitting $340 on not terribly high volume, thus breaking the $380-$400 support of the 4 month bearish descending triangle, does $340 prove to be thee bottom or will this level also be taken out?

I expect a lot of buying pressure from 'bottom catchers' as we approach this level again but believe that it will ultimately fall.

You should google for DanV. He is an EW analyst and has been calling the long-term Bitcoin trends like a dream in the face of all the other bullshit projections which have been proven wrong.

Here is a link to a 'session' he held on TradingView:

https://www.youtube.com/watch?v=G8Zuj8xYUpY&list=WLtnzQlSSqfa2NVFIZRwtDOw&index=46

3 hours long and rambling a bit in places, but compulsory viewing for anyone interested in Bitcoin speculation. The man really is excellent and I wouldn't say that about anyone else.

Either you or someone else brought up DanV in another thread. Still getting my head around EW though I haven't spent a lot time researching it. Three hours is just so damn long; not exactly something I can view at work and not something I particularity want to view at home. However, at some point, I am sure I will catch some of it.

I hope it goes down to at least $340 (weird typing this out since I have been "full" BTC for a while), but I am not certain of anything, just making a bet. I feel (highly scientific... I know...) that at this moment it is much more likely to hit $380 than $500.

Quote from: TeeBone on May 05, 2014, 04:38:33 PM

Good plan. Ignore the cultists.

Edit: Your target price is probably too low. Stagger bets from 340-370, save a little fiat if it goes lower.

Thanks for the tip. I will probably determine when I buy by the rate at which it is dropping. Since I am a rookie I only use Coinbase. It hasn't been a bad experience, and I think it helps me from trading all the time.

Quote from: UnDerDoG81 on May 05, 2014, 04:34:01 PM

CCMF TDM here too Cheesy

It took me an embarrassingly amount of time to determine what CCMF stood for when first arriving at this forum. My first thought was "cheap coins", which made perfect sense to me except that it was almost always said when the price was going up.