Bitcoin bear market

[badnewsbear]

And it's at the moment I'm writing this 21% up again (at $410).

The real Investors with the really big money, will buy anything from panicking amateurs.
Just wait till after this Summer when Wall street can and will enter this very promising technology. We will close this year above $1000, for this I'm sure.

You are truly a fool.

 

[Wide Tailz]

Looks like the bitstamp price blasted back above 500 the other day.

 

[Wide Tailz]

Any Bit Bug who bot @ $400 is looking good. If it can break thru $500 it may spike up to $700 or higher, before its terminal decline. It's a common B wave pattern (suckers rally) after a parabola. Gold and silver did it a few years ago and their bugs are still true believers, just a little quieter now. :eek:

 

[Wide Tailz]

Nice thin consolidation just below $500. I'd be holding long if it were a stock, looking for an upward breakout with stop near $470 and potential target at $7-800.

Real bull market advances usually come after long bases with very sneaky stair step advances before the parabola. Bear market rallies come in spikey, "surprise" type movements on lower volume, and this latest pop fits the profile.

If it hits $800 and dies out, I'd cash in the chips.

 

[Wide Tailz]

Bit traderz, talk to me. It's printing below 450. Who is holding and who is short?

 

[recession2016]

Nice thin consolidation just below $500. I'd be holding long if it were a stock, looking for an upward breakout with stop near $470 and potential target at $7-800.

Real bull market advances usually come after long bases with very sneaky stair step advances before the parabola. Bear market rallies come in spikey, "surprise" type movements on lower volume, and this latest pop fits the profile.

If it hits $800 and dies out, I'd cash in the chips.

just a reminder to everyone that this actually happened

 

[Wide Tailz]

$266.40 on 10/18/15

It's too bad the bit bull never came back for all you fundamentalists. In hindsight that long term price pattern is the unmistakable parabola then cat bounce. I've seen it over and over in the penny world and I rode many slopes of hope a little too long. I learned my lesson, no more flaky stocks for me.

 

[murray t turtle]

So, then, I hope none of you are holding long in this bear market. It's been a sell when it failed to hold $1000, and it's quite possible that scamcoin/pump&dump coin/etc will see $100 sometime this year.

Tulips 2.0

I hope none of you fell for the scam that scamcoin was going to be $40,000 one day. It's a typical pump and dump scheme.

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Bit con; spell checker not used.............................................................