Quote from: StewartJ on January 09, 2012, 04:05:37 PM

Quote from: arepo on January 09, 2012, 03:47:00 PM

Quote from: Vandroiy on January 09, 2012, 03:38:52 PM

I smell mania. That's a down-signal for me, because it only pays for bids until things go sideways for the first time.

We had almost 2 months of rallies. A step down wouldn't hurt. Another instant rally would take us back into bubble territory, and what's the point of that? Everybody has made this experience by now, it's unlikely to repeat itself.

this is so silly. the indicators were all bullish. we had an ascending triangle, bouncing off of the wall at $7.20 for days. nothing happened due to low weekend volume, one guy got spooked and dumped coins down to sub $6.90, which started panic sells and more giant dumps. Sure, we needed a correction but we could have gotten over the resistance at $7.20 and sailed to the next level before this happened easily. Notice how the cheap coins were gobbled up instantly? We won't see prices <$6.00, we're on our way up, and since the correction happened early I wouldn't be surprised if we sail to $10 before another major correction.

I wish I could feel your bullish optimism, and that we could rally past $7.20.

But these middle of the night dump offs have me thinking this is more of a Pump and Dump scenario.

maybe the giant leap to $7 was smart money manipulating the market for a pump and dump scheme, but what happened to all the talk about CES on Tuesday and the word 'Bitcoin' on people's TV when that show airs? stop being so moody Tongue

the only thing that happened between today and last night was one giant dump. the market seems to be rebounding alright... the dump took us lower than $6 and the market absorbed it back into a healthy $6-$7 range, with 10k to $6 and almost 25k to $5.80. a correction was overdue anyway.