An actual useful poll would have a time frame and options for +/- percentage change over that period.
then make it
Topic: Are we due for a correction ? (Read 2955 times)
then make it
An actual useful poll would have a time frame and options for +/- percentage change over that period.
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
So it's actually worse now or what?
Volume traded was higher, but that's maybe only because Bitcoins were considered play money then?
I feel uneasy about the current low volume, but maybe I've got it wrong. I can be that more are clinging to their coins, which suggest higher prices?
The 0.5% Gox fee is now equivalent to $0.1 price difference, so if people were day trading as usual for profit, we would see larger swings at this price level.
A lot of traders are long and won't trade out of fear of being left behind.
Ok confirmed, it is worse.
What do you think will those same traders do in a prolonged correction?
I'm one of those traders holding instead of playing the swings. When the prolonged correction comes I will continue to buy a set USD amount with every paycheck as I've been doing for the last 6 months.
What did you have in mind for me to do?
What you're doing, dollar cost averaging, is not at all a bad strategy if you are looking at BTC as a long-term holding.
price dropping 
Suppose we spike to 50, correct to 30 and then slowly pass 25.
You still holding? Oh of course you would since it can go back up any time isn't it?
You still holding? Oh of course you would since it can go back up any time isn't it?
I don't who this was directed at, but I'll answer anyway.
Yes.
Good boy.
begin of institutional investors to bitcoin...
I geuss that "normal" assets have a large group of long term investors like pension funds which don't care about swings, only the price in 5 years or longer and they have a deadweight property to them that prevents deep crashes.
That kind of investor is not common in Bitcoin but the number of them increases, as the guy earlier, that said that he deposited a certain amount each month regardless of price.
That kind of investor is not common in Bitcoin but the number of them increases, as the guy earlier, that said that he deposited a certain amount each month regardless of price.
Suppose we spike to 50, correct to 30 and then slowly pass 25.
You still holding?
You still holding?
if that happened, as we slowly pass 25$ ill be like
!! BUY BUY BUY !!
And then we move to 20 and crash to 13. And you'll be like NOOOOOOO!
Going under 20 over the weekend I reckon.
Suppose we spike to 50, correct to 30 and then slowly pass 25.
You still holding?
You still holding?
if that happened, as we slowly pass 25$ ill be like
!! BUY BUY BUY !!
Suppose we spike to 50, correct to 30 and then slowly pass 25.
You still holding? Oh of course you would since it can go back up any time isn't it?
You still holding? Oh of course you would since it can go back up any time isn't it?
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
So it's actually worse now or what?
Volume traded was higher, but that's maybe only because Bitcoins were considered play money then?
I feel uneasy about the current low volume, but maybe I've got it wrong. I can be that more are clinging to their coins, which suggest higher prices?
The 0.5% Gox fee is now equivalent to $0.1 price difference, so if people were day trading as usual for profit, we would see larger swings at this price level.
A lot of traders are long and won't trade out of fear of being left behind.
Ok confirmed, it is worse.
What do you think will those same traders do in a prolonged correction?
I'm one of those traders holding instead of playing the swings. When the prolonged correction comes I will continue to buy a set USD amount with every paycheck as I've been doing for the last 6 months.
What did you have in mind for me to do?
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
So it's actually worse now or what?
Volume traded was higher, but that's maybe only because Bitcoins were considered play money then?
I feel uneasy about the current low volume, but maybe I've got it wrong. I can be that more are clinging to their coins, which suggest higher prices?
The 0.5% Gox fee is now equivalent to $0.1 price difference, so if people were day trading as usual for profit, we would see larger swings at this price level.
A lot of traders are long and won't trade out of fear of being left behind.
Ok confirmed, it is worse.
What do you think will those same traders do in a prolonged correction?
now people get enough time (couple of weeks) to get used to $20 before going to $30. so then $20 would be considered a bargain and form a new support. baby steps.
Exactly.
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
So it's actually worse now or what?
Volume traded was higher, but that's maybe only because Bitcoins were considered play money then?
I feel uneasy about the current low volume, but maybe I've got it wrong. I can be that more are clinging to their coins, which suggest higher prices?
The 0.5% Gox fee is now equivalent to $0.1 price difference, so if people were day trading as usual for profit, we would see larger swings at this price level.
A lot of traders are long and won't trade out of fear of being left behind.
now people get enough time (couple of weeks) to get used to $20 before going to $30. so then $20 would be considered a bargain and form a new support. baby steps.
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
So it's actually worse now or what?
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
The 2011 bubble lasted a week. There wasn't time for people to acquire a mentality.
My choice isn't listed. Reminds me of "Did you quit beating your wife?"
tell us yours cadillac
My choice isn't listed. Reminds me of "Did you quit beating your wife?"
Are you trying to make a point, or are you just being sarcastic for the fuck of it?
Who cares?
Considering that this is the Speculation sub forum, probably most of us. This subforum is for speculating on BTC prices as compared to USD/EUR/JPY or whatever.
That's like asking "Who cares about mining?" in the Mining subforum.
Oh. I thought "speculation" as in speculative thought. You know, where people imagine weird shit with not much of a hope to back it up with facts or reason.
Who cares?
Considering that this is the Speculation sub forum, probably most of us. This subforum is for speculating on BTC prices as compared to USD/EUR/JPY or whatever.
That's like asking "Who cares about mining?" in the Mining subforum.
Who cares? Whatever happens I feel better holding coins than neuros or dollarz.
Very much this.
The last couple times we've done this there's been a pretty easily recognizable pattern to the timing of the correction. The beginning of the end is an asymptotic bull run over the course of a few days.
We aren't there yet. Oh, we'll get there, possibly in the next week or two, but we aren't there yet. On a logarithmic scale, this recent run up from 13 to 20 barely registers compared to previous sharkteeth, and this last step (from, what? 19 to 21?) is about as significant as going from 5.50 to 6.
(As for calling this another "bubble" on the order of June 2011, well, we'll see... but that fiasco also ended with an asymptotic bull run.)
We aren't there yet. Oh, we'll get there, possibly in the next week or two, but we aren't there yet. On a logarithmic scale, this recent run up from 13 to 20 barely registers compared to previous sharkteeth, and this last step (from, what? 19 to 21?) is about as significant as going from 5.50 to 6.
(As for calling this another "bubble" on the order of June 2011, well, we'll see... but that fiasco also ended with an asymptotic bull run.)
Who cares? Whatever happens I feel better holding coins than neuros or dollarz.
And?
How does more people putting in more money to BTC make it any less of a bubble? If anything, the influx of new money (along with the rapid price increases and overinflated price) make it more likely to be a bubble, IMO.
How does more people putting in more money to BTC make it any less of a bubble? If anything, the influx of new money (along with the rapid price increases and overinflated price) make it more likely to be a bubble, IMO.
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
We are already way over the market cap for the $30 bubble.
Yeah, that's the exact mentality people had at the last $30 bubble. Didn't work out well for a lot of people......
apart from some devastating news, i don't see how a huge crash would be possible
how many people would scramble money to the exchanges if the price went near 13$ again? single digits? i wish
edit: crap, i must be tired.. i bit that troll bait so hard
how many people would scramble money to the exchanges if the price went near 13$ again? single digits? i wish
edit: crap, i must be tired.. i bit that troll bait so hard
Yup. I expect a bunch of smaller crashes, followed by an eventual large crash down to single digits. The faster we go up, the more this is likely IMO.
lol single digits ... i miss that feel
I actually think we had a correction on the 24th of this month. Then more Dollars wanted to be saved from Inflation. I actually expect the dollar value
of Bitcoin to go dancing wildly - and I care as much about it as Bitcoins carrot or banana value. 1BTC is 1BTC and that is what counts.
Meanwhile Inflation.
Did you listen to your mamas Stories about how it was in Europe after WWII? Papermoney is PAPERmoney when the prints are rolling. Thank you Ben.
Yup. I expect a bunch of smaller crashes, followed by an eventual large crash down to single digits. The faster we go up, the more this is likely IMO.
Absolutely not.
Did you miss what happened when we tried that last week? Huge volume down, didn't dent the price. Obviously Bitcoin is now worth at least $16 to a lot of people.
Sorry bears, the writing is on the wall but you can't read it because you are a bear.
Did you miss what happened when we tried that last week? Huge volume down, didn't dent the price. Obviously Bitcoin is now worth at least $16 to a lot of people.
Sorry bears, the writing is on the wall but you can't read it because you are a bear.
How about a really bearish option? Btc will correct to single digits (under $10USD) in the short to medium term. $16 is hardly even a major correction at this point.
I think there will be a bubble that's going to take the price way higher, $50 or $100 even, and then a massive crash down to around $10 to $20.
This is based on a gut feeling only.
This is based on a gut feeling only.
I go for mp420's option. Funny it wasn't included in the poll. I think the peak will be $50+
I think there will be a bubble that's going to take the price way higher, $50 or $100 even, and then a massive crash down to around $10 to $20.
This is based on a gut feeling only.
This is based on a gut feeling only.
Let's see what the people think!
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