Correction is on the way... - page 2.

Coinshot

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Activity: 521

Merit: 500

Quote from: Coinshot on October 15, 2014, 12:19:09 PM

370 is a reasonable target for the correction. I do not think it will go below that, but if it does that will be a major bearish signal.

It still looks very bullish to me.

Not looking bullish anymore, but not bearish either. Have to wait and see if it goes significantly below my correction target.

CryptoCarmen

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Activity: 84

Merit: 10

★Bitin.io★ - Instant Exchange

Quote from: zimmah on October 16, 2014, 09:12:06 AM

Quote from: fewcoins on October 15, 2014, 07:01:56 AM

Quote from: wachtwoord on October 15, 2014, 06:51:03 AM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Reminds me of a song called "Bitcoin is a bubble" love listening to that one when Bitcoin is going through huge swings in either direction.

Yea man and to think he warned most of the people on here way over a year ago with that song!
https://www.youtube.com/watch?v=A7TuFy0fcuw

you're either stupid or very stupid

that song is a parody and the maker of the song is definitely not a bear. Look at the end of the song..... he's clearly claiming bitcoin will reach $1 million or so.

But if you would check his posts you would see he was acting as a bear. Most bears here are such anyway. They hold coins and just make fun with some panic holders, how they react on trolling.

zimmah

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Activity: 1106

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Quote from: fewcoins on October 15, 2014, 07:01:56 AM

Quote from: wachtwoord on October 15, 2014, 06:51:03 AM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Reminds me of a song called "Bitcoin is a bubble" love listening to that one when Bitcoin is going through huge swings in either direction.

Yea man and to think he warned most of the people on here way over a year ago with that song!
https://www.youtube.com/watch?v=A7TuFy0fcuw

you're either stupid or very stupid

that song is a parody and the maker of the song is definitely not a bear. Look at the end of the song..... he's clearly claiming bitcoin will reach $1 million or so.

romerun

legendary

Activity: 1078

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Bitcoin is new, makes sense to hodl.

Zoom out, we have been correcting

fewcoins

full member

Activity: 126

Merit: 100

Quote from: MrBig on October 15, 2014, 04:38:45 PM

Plenty of exchanges got hacked as well and couldn't cover their losses. I'm sure we'll be seeing more of that in the future too.

Yes, usually when a crash goes really low we get to see who was "swimming with no shorts"

MrBig

sr. member

Activity: 369

Merit: 250

Plenty of exchanges got hacked as well and couldn't cover their losses. I'm sure we'll be seeing more of that in the future too.

fewcoins

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Activity: 126

Merit: 100

Quote from: inca on October 15, 2014, 04:06:59 PM

Quote from: NotLambchop on October 15, 2014, 03:53:58 PM

Quote from: inca on October 15, 2014, 03:26:24 PM

Quote from: NotLambchop on October 15, 2014, 03:13:52 PM

Quote from: BrewCrewFan on October 15, 2014, 02:15:51 PM

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same? Cheesy

What makes you think they are?

Nothing, beyond the fact that they could, and would make some $ by doing it. But maybe I'm just too cynical--they're probably not in this to make money.

They don't need to fractional reserve to make money. They actually just need to not fuck up like MK and it is a never ending cash cow. Add to that they know the orderbooks and fiat on exchange. That information is highly valuable. There are probably a few trading accounts on each exchange which never lose.

To think they don't manipulate the market is stupid... what do you think is happening here?!

inca

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Activity: 1176

Merit: 1000

Quote from: NotLambchop on October 15, 2014, 03:53:58 PM

Quote from: inca on October 15, 2014, 03:26:24 PM

Quote from: NotLambchop on October 15, 2014, 03:13:52 PM

Quote from: BrewCrewFan on October 15, 2014, 02:15:51 PM

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same? Cheesy

What makes you think they are?

Nothing, beyond the fact that they could, and would make some $ by doing it. But maybe I'm just too cynical--they're probably not in this to make money.

They don't need to fractional reserve to make money. They actually just need to not fuck up like MK and it is a never ending cash cow. Add to that they know the orderbooks and fiat on exchange. That information is highly valuable. There are probably a few trading accounts on each exchange which never lose.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: inca on October 15, 2014, 03:26:24 PM

Quote from: NotLambchop on October 15, 2014, 03:13:52 PM

Quote from: BrewCrewFan on October 15, 2014, 02:15:51 PM

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same? Cheesy

What makes you think they are?

Nothing, beyond the fact that they could, and would make some $ by doing it. But maybe I'm just too cynical--they're probably not in this to make money.

inca

legendary

Activity: 1176

Merit: 1000

Quote from: NotLambchop on October 15, 2014, 03:13:52 PM

Quote from: BrewCrewFan on October 15, 2014, 02:15:51 PM

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same? Cheesy

What makes you think they are?

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: BrewCrewFan on October 15, 2014, 02:15:51 PM

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

Lol, Gox did fine without them. What makes you think the rest of the exchanges aren't doing same? Cheesy

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: NotLambchop on October 15, 2014, 12:36:45 PM

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

Yeah if only BTC had printing presses to make money to prop up the market.....

krodmandoon

full member

Activity: 434

Merit: 105

I'm sure the argument has been made already but...

Network hash rate is pretty high, verging on astronomical levels
Overall use of the network hasn't changed all that much for transactions
Whale mines are needing to cover cost at any price they can
Crazy fluctuations scare investors
Difficulty discourages small miners

By the time halving occurs the difficulty will be unbelievable and fewer coins will be produced each day. Right now the supply is exceeding demand given that the user base of the network has not grown as exponentially as the ability to mine more efficiently. Time is the key here, BTC has demonstrated in the face of pretty incredible adversity that it isn't going anywhere. It has also proven itself to be a reliable means to transefering value, if nothing more.

Sometimes the hardest thing to do is to simply sit on your hands and wait for what you know is going to happen, to happen. So sell if you need to but remember the guy who bought the pizza for 10000? Even now in the "dark days of dispair, decline and demise" that is still a lot of value to eat.

BTW I'm playing the long game, like a 401K but better.

NotLambchop

sr. member

Activity: 378

Merit: 254

Quote from: RodeoX on October 15, 2014, 12:27:30 PM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

>Wall st. down 2%--OMG collapsing!
>BTC down 2%--sideways trading, nothin' to see.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Oh god yes. It's down over 400 points right now! Get out while you can bag holders! Wall street is collapsing!

Thanks for the warning man. I'm dumping my shitty fiat coupons for bitcoin. Real money!

Coinshot

hero member

Activity: 521

Merit: 500

370 is a reasonable target for the correction. I do not think it will go below that, but if it does that will be a major bearish signal.

It still looks very bullish to me.

MrBig

sr. member

Activity: 369

Merit: 250

Quote from: fewcoins on October 15, 2014, 07:24:10 AM

Quote from: BrewCrewFan on October 15, 2014, 07:03:26 AM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Ahh good to see your back now that BTC is down a few bucks. So how of this shit do we have the privilege to get from you this time? I would assume you would be just as happy when the price goes up right?

I've actually been posting the same "be careful" warning the last 3 days of advance we had....... Open your eyes! We poped to 450 after paypal news because the markets easily manipulated! The real whale that runs this price exchange is waiting for most of you to rush in saying "omfg cheap coins less than $400" After you rush in to pay that I am sure you'll get crushed. Bitcoin has been hitting lower highs for almost a year!! Everyone is cashing out except you guys! GLTA!

This trend of lower highs should be apparent to most rational observers right now. Just how long we will continue this trend is anyone's guess, but it does appear that we may continue along this trend at this point. I don't think everyone is cashing out, as we would see a mega-crash in that scenario, but we may see lower prices yet.

kwukduck

legendary

Activity: 1937

Merit: 1001

Well the manipulator is back, that's for sure...
Instadumping 1500 btc into the buy orders every few hours...

He's gonna run out eventually, unless he succeeds to cause panic again as it seems to do almost every time and buy back even more to cause even more havoc later on...

infofront

legendary

Activity: 2660

Merit: 2868

Shitcoin Minimalist

We must get into the low 200s before going to the moon.

fewcoins

full member

Activity: 126

Merit: 100

Quote from: BrewCrewFan on October 15, 2014, 07:03:26 AM

Quote from: fewcoins on October 15, 2014, 06:48:09 AM

LOOK OUT BELOW! How low will it go?! Nobody knowsss

Ahh good to see your back now that BTC is down a few bucks. So how of this shit do we have the privilege to get from you this time? I would assume you would be just as happy when the price goes up right?

I've actually been posting the same "be careful" warning the last 3 days of advance we had....... Open your eyes! We poped to 450 after paypal news because the markets easily manipulated! The real whale that runs this price exchange is waiting for most of you to rush in saying "omfg cheap coins less than $400" After you rush in to pay that I am sure you'll get crushed. Bitcoin has been hitting lower highs for almost a year!! Everyone is cashing out except you guys! GLTA!

Topic: Correction is on the way... - page 2. (Read 4084 times)