BitCoin to Correct? Your Comments | Bitcointalksearch.org

Miz4r

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Activity: 1246

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Quote from: Tzupy on November 12, 2013, 01:16:31 PM

Quote from: Miz4r on November 12, 2013, 01:05:01 PM

Quote from: Tzupy on November 12, 2013, 09:53:08 AM

At the current rate of drop in money flow, the correction could start in about an hour, maybe less.

You really need to work on your timing. Tongue

Timing depends on volume, and volume has dropped. Gox volume is very low.
And the market seems to needs more prelude, won't go down at first date.

Yeah whatever dude, keep spreading fairy tales. Roll Eyes

Tzupy

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Quote from: Miz4r on November 12, 2013, 01:05:01 PM

Quote from: Tzupy on November 12, 2013, 09:53:08 AM

At the current rate of drop in money flow, the correction could start in about an hour, maybe less.

You really need to work on your timing. Tongue

Timing depends on volume, and volume has dropped. Gox volume is very low.
And the market seems to needs more prelude, won't go down at first date.

RodeoX

legendary

Activity: 3066

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The revolution will be monetized!

Quote from: ronaldlee0917 on November 12, 2013, 07:24:19 AM

Chinese people need money in the coming Spring Festival, arguably the most important holidays in China, I believe most of them will start cashing out in December.

I think I heard that yesterday was China's big online shopping day. Bigger than black Friday and cyber Monday put together. I wonder how many bought with bitcoin?

Miz4r

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Quote from: Tzupy on November 12, 2013, 09:53:08 AM

At the current rate of drop in money flow, the correction could start in about an hour, maybe less.

You really need to work on your timing. Tongue

notthematrix

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CryptoTalk.Org - Get Paid for every Post!

Quote from: Wekkel on November 12, 2013, 12:24:01 PM

Quote from: Loki8 on November 12, 2013, 11:01:53 AM

Quote from: Wekkel on November 12, 2013, 09:08:22 AM

Quote from: Loki8 on November 12, 2013, 07:56:33 AM

Quote from: Davyd05 on November 12, 2013, 07:33:53 AM

The thing that pushes us forwards is more and more business adopting Bitcoin as payment.

It won't become a real currency when it swings +/-10% in the time it takes to confirm a transaction. Bitcoin is completely useless for commerce as long as it's having days like this, it's a purely speculative instrument, nothing else.

The chance that a micro bitcoin payment is made twice is so remote, that any commercial party will accept the payment merely by it being registered in the network. That happens literally in seconds.

You don't understand or you don't want to understand.

A currency has to be stable enough to be effective. Bitcoin is volatile and it's a bad thing for businesses who sell goods and services.

The volatility is doing a lot of harm to bitcoin adoption by vendors.

The transactions have dropped off significantly:
https://coinbase.com/charts

You dont read or do not want to read.

My post only relates to the point of confirmation time. Nothing said about volatility. The volatility will vanish once more people adopt Bitcoin.

27 yoday btc is more then 37btc 2 month ago.

Wekkel

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Activity: 3108

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yes

Quote from: Loki8 on November 12, 2013, 11:01:53 AM

Quote from: Wekkel on November 12, 2013, 09:08:22 AM

Quote from: Loki8 on November 12, 2013, 07:56:33 AM

Quote from: Davyd05 on November 12, 2013, 07:33:53 AM

The thing that pushes us forwards is more and more business adopting Bitcoin as payment.

It won't become a real currency when it swings +/-10% in the time it takes to confirm a transaction. Bitcoin is completely useless for commerce as long as it's having days like this, it's a purely speculative instrument, nothing else.

The chance that a micro bitcoin payment is made twice is so remote, that any commercial party will accept the payment merely by it being registered in the network. That happens literally in seconds.

You don't understand or you don't want to understand.

A currency has to be stable enough to be effective. Bitcoin is volatile and it's a bad thing for businesses who sell goods and services.

The volatility is doing a lot of harm to bitcoin adoption by vendors.

The transactions have dropped off significantly:
https://coinbase.com/charts

You dont read or do not want to read.

My post only relates to the point of confirmation time. Nothing said about volatility. The volatility will vanish once more people adopt Bitcoin.

adamstgBit

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Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Paladin69 on November 11, 2013, 10:23:26 PM

Quote from: AMAZONBTC on November 11, 2013, 09:37:05 PM

Bitcoin will drop hard to the 100's$

120-150 is my guess.

People don't understand the concept of profit-taking around here.

thing is there has been and continues to be plenty of growth, the market can absorb the profit taking...

a good way to take some profits would be to take a trip to china and do lots of shopping Cheesy

sickpig

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Activity: 1260

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Quote from: Paladin69 on November 11, 2013, 10:23:26 PM

Quote from: AMAZONBTC on November 11, 2013, 09:37:05 PM

Bitcoin will drop hard to the 100's$

120-150 is my guess.

People don't understand the concept of profit-taking around here.

Do you care to explain to simple minded like me? Tongue

Loki8

full member

Activity: 146

Merit: 100

Quote from: Wekkel on November 12, 2013, 09:08:22 AM

Quote from: Loki8 on November 12, 2013, 07:56:33 AM

Quote from: Davyd05 on November 12, 2013, 07:33:53 AM

The thing that pushes us forwards is more and more business adopting Bitcoin as payment.

It won't become a real currency when it swings +/-10% in the time it takes to confirm a transaction. Bitcoin is completely useless for commerce as long as it's having days like this, it's a purely speculative instrument, nothing else.

The chance that a micro bitcoin payment is made twice is so remote, that any commercial party will accept the payment merely by it being registered in the network. That happens literally in seconds.

You don't understand or you don't want to understand.

A currency has to be stable enough to be effective. Bitcoin is volatile and it's a bad thing for businesses who sell goods and services.

The volatility is doing a lot of harm to bitcoin adoption by vendors.

The transactions have dropped off significantly:
https://coinbase.com/charts

TERA

hero member

Activity: 728

Merit: 500

It might correct to $355, before a gradual rise back to ATH and then a breakout. Like so:

Tzupy

legendary

Activity: 2128

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At the current rate of drop in money flow, the correction could start in about an hour, maybe less.

Wekkel

legendary

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Merit: 1531

yes

Quote from: Loki8 on November 12, 2013, 07:56:33 AM

Quote from: Davyd05 on November 12, 2013, 07:33:53 AM

The thing that pushes us forwards is more and more business adopting Bitcoin as payment.

It won't become a real currency when it swings +/-10% in the time it takes to confirm a transaction. Bitcoin is completely useless for commerce as long as it's having days like this, it's a purely speculative instrument, nothing else.

The chance that a micro bitcoin payment is made twice is so remote, that any commercial party will accept the payment merely by it being registered in the network. That happens literally in seconds.

kehtolo

hero member

Activity: 707

Merit: 500

Quote from: Loki8 on November 12, 2013, 07:13:46 AM

Quote from: david64 on November 11, 2013, 07:20:17 PM

With this recent spike, do you think BTC is going to crash?

Alessio Rastani: Why Bitcoin will crash to $30

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

Everyone is entitled to thier opinion. But opinions are like assholes, everyone has one and they mostly stink.
Fair play to Alessio. But he obviously doesn't seem to understand the concept fully.
He repeatedly quotes from other sources who don't seem to understand the concept either. And generally has a pretty scathing/distrusting/traditional investor/old school (world) viewpoint on it. He hardly wrote this piece from an open minded viewpoint.
No, he picked all the ill informed propaganda spewing bitcoin related viewpoints he could and poured hi own cold water on the subject.
Interrestingly the article was written in August of this year. So.. so far he has been the opposite of correct.
I don't discount the posibility that hwat he is predicting could happen one day. It's just that based on my own research, and approaching the subject open mindedly, i completely disagree with him.

Loki8

full member

Activity: 146

Merit: 100

Quote from: Davyd05 on November 12, 2013, 07:33:53 AM

The thing that pushes us forwards is more and more business adopting Bitcoin as payment.

It won't become a real currency when it swings +/-10% in the time it takes to confirm a transaction. Bitcoin is completely useless for commerce as long as it's having days like this, it's a purely speculative instrument, nothing else.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: Paladin69 on November 11, 2013, 10:23:26 PM

Quote from: AMAZONBTC on November 11, 2013, 09:37:05 PM

Bitcoin will drop hard to the 100's$

120-150 is my guess.

People don't understand the concept of profit-taking around here.

People don't understand the concept of logarithms around here.

Davyd05

hero member

Activity: 574

Merit: 500

Quote from: Loki8 on November 12, 2013, 07:13:46 AM

Quote from: david64 on November 11, 2013, 07:20:17 PM

With this recent spike, do you think BTC is going to crash?

Alessio Rastani: Why Bitcoin will crash to $30

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

Seems like he's preaching propaganda.

I still think April was so heavily related to the EU crisis and if speculators truthfully believed they wanted to get coins before people tried to buy coins for the purpose of sheltering their own savings from a bail in...obviously things calmed and a correction ensued.

This time around we have huge amounts of money invested by Bitcoin Trusts, more and more people have realized the bitcoin wasn't created so drug dealers could sell drugs online. The thing that pushes us forwards is more and more business adopting Bitcoin as payment. Even if one day bitcoin becomes the crypto "gold equivalent" and people spend Litecoin on a daily basis. This stiil achieves the idea that we can buy and sell with out having a fee built in by the banks. Essentially allowing us to do or make more with our wealth.

BitchicksHusband

sr. member

Activity: 378

Merit: 255

Quote from: AMAZONBTC on November 11, 2013, 09:37:05 PM

Bitcoin will drop hard to the 100's$

Will never happen unless bitcoin is a failed experiment.

ronaldlee0917

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Activity: 238

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Chinese people need money in the coming Spring Festival, arguably the most important holidays in China, I believe most of them will start cashing out in December.

Loki8

full member

Activity: 146

Merit: 100

Quote from: david64 on November 11, 2013, 07:20:17 PM

With this recent spike, do you think BTC is going to crash?

Alessio Rastani: Why Bitcoin will crash to $30

http://www.londonlovesbusiness.com/business-in-london/investment/alessio-rastani-why-bitcoin-will-crash-to-30/6149.article

shizuska

newbie

Activity: 41

Merit: 0

Bitcoin will not drop below 200, mining has to remain profitable.

Topic: BitCoin to Correct? Your Comments (Read 3589 times)