94% correction? [46% so far] | Bitcointalksearch.org

muyuu

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Quote from: muyuu on February 17, 2012, 12:27:44 PM

Quote from: alan2here on February 17, 2012, 11:39:03 AM

Does anyone actually want a stable flat and level line price?

I'd love a much flatter graph than the current one. A normal currency or commodity graph would do.

You mean like something stable—perhaps silver.

That would be enough. As hot as silver has been for the last few years, you won't see a 40% swing in 3 days.

muyuu

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Quote from: alan2here on February 17, 2012, 11:39:03 AM

Does anyone actually want a stable flat and level line price?

I'd love a much flatter graph than the current one. A normal currency or commodity graph would do.

alan2here

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WorkAsPro

Does anyone actually want a stable flat and level line price?

Vandroiy

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Quote from: smoothie on February 16, 2012, 12:53:10 AM

Quote from: Sargasm on February 15, 2012, 05:08:14 PM

I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.

Or... alternatively, there will be an uber crash which eventually will lead to stablization.

IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...

Maybe.

This is why the distribution process of Litecoin was done in a fairer manner. But then again there are arguments for and against litecoin.

Litecoin does not solve this problem, it just does the same thing on a different time scale. It's a misconception to think the price swings are a property of the coins or initial distribution; it's a property of the traders we have. The volume causing all this is massive, even compared to the total amount of Bitcoins out there. It's caused by strange behavior of speculators, and heavy fluctuations in the inflow of money.

We need more time. Speculators that stabilize price will slowly accumulate a part of the coins and dollars on the market, slowing down the rough ride we're seeing. But that isn't achieved in just a few months, as I've been saying for almost a year now. One year of the trading chaos is not a long time considering Bitcoins have been minted for more than three.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: Sargasm on February 15, 2012, 05:08:14 PM

I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.

Or... alternatively, there will be an uber crash which eventually will lead to stablization.

IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...

Maybe.

This is why the distribution process of Litecoin was done in a fairer manner. But then again there are arguments for and against litecoin.

N12

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OK, time for an update. 46% correction.

Can we go further? We will see.

Sargasm

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I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.

Or... alternatively, there will be an uber crash which eventually will lead to stablization.

IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...

Maybe.

YoYa

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Quote from: ?? on ??

Nagle... Nagle... Nagle...?

No, you say it backwards in front of a mirror......

Elgan... Elgan... Elgan...

OH SHI....

waspoza

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Firstbits: 1waspoza

Yup, set phasers to short.

Savior

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I have a feeling that will be soon.

N12

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42% correction so far. I will edit the title every time it does a new low.

M4v3R

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I wonder what will happen if we go below 4.8

wobber

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I am a big fan of the 33% retracement, I don't fully understand it but it seems very real to me.

When we get to 4.81, how can we see the up "retracement"?

M4v3R

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That's also the first level bottom S5032 predicted. Just sayin' Roll Eyes

grahamgreene

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Quote from: Maged on February 13, 2012, 10:02:42 PM

Quote from: Maged on February 06, 2012, 03:03:26 PM

Interestingly enough, if you compare the magnitudes of each rally and assume that they will drop as much as the first rally as a magnitude of the percentage, you get a "perfect" estimate of a 33% drop from our high of $7.22, bringing us down to $4.81.

...God damn 33% percent retracement rule.

Damn I'm good. Let's see if this holds...

VERY good! Shocked

ineededausername

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bitcoin hundred-aire

Quote from: Maged on February 13, 2012, 10:02:42 PM

Quote from: Maged on February 06, 2012, 03:03:26 PM

Interestingly enough, if you compare the magnitudes of each rally and assume that they will drop as much as the first rally as a magnitude of the percentage, you get a "perfect" estimate of a 33% drop from our high of $7.22, bringing us down to $4.81.

...God damn 33% percent retracement rule.

Damn I'm good. Let's see if this holds...

Damn you're good Shocked

Maged

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Quote from: Maged on February 06, 2012, 03:03:26 PM

Interestingly enough, if you compare the magnitudes of each rally and assume that they will drop as much as the first rally as a magnitude of the percentage, you get a "perfect" estimate of a 33% drop from our high of $7.22, bringing us down to $4.81.

...God damn 33% percent retracement rule.

Damn I'm good. Let's see if this holds...

N12

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Ah well, let’s bump it, then.

http://www.sierrachart.com/userimages/upload_2/1329182327128.png

You have served me well, uptrend. Thanks. See you next time.

phelix

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Quote from: zhoutong on February 08, 2012, 11:46:43 AM

Quote from: phelix on February 08, 2012, 10:23:56 AM

Quote from: Technomage on February 08, 2012, 07:13:15 AM

I see this as a manipulation attempt based on the predictions of what will happen if $5.4 breaks. It doesn't make any sense otherwise, someone who simply wanted to exit the market with 40k BTC would've sold smaller amounts at a time, not all 40k at once. The market had no signs of crashing so the seller would've got a much better price by selling in smaller amounts. That dump was very intentional, the question is will people fall for it. I'm not falling for it.

edit: I am not sure it is a loosing operation. thinking....

Just like this?: https://bitcointalksearch.org/topic/comic-the-sharks-and-the-trampoline-52336

Zhoutong, could you let us know if any or what role Bitcoinica is playing here?

[... dump img ...]

Nothing. The total forced liquidations today is less than 500 ฿.

thanks for the info!

so there are other players at work... quite interesting

SlaveInDebt

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Quote from: FreeMoney on February 08, 2012, 01:12:55 PM

So now someone rash who likes big movements has a ton of money sitting in Gox?

Free money?

Topic: 94% correction? [46% so far] (Read 8970 times)