The over-due correction is happening now.
Stop Selling!
Now is the time to buy
Stop Selling!
Now is the time to buy
One large sale is not a correction.
One large correction is a sale.
Topic: Do you think the rally is over now... or very soon? - page 5. (Read 16010 times)
One large sale is not a correction.
One large correction is a sale.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
I love these occasional FUD posts, they keep the BTC/USD ratio in check so that corrections will not be needed so often
I'm not sure this one is helping as I cannot even decipher what he is saying. Is he implying that US debt repayment is imminent? That Silk Road shutting down would have a dramatic effect on BTC price? That somehow switching to LTC would enable Silkroad to recover? That someone can just make copies of bitcoins? Huh?
You have to understand marco to know what I am saying. That fiat expansion chart will look like every other asset bubble chart. The debt expansion is the same thing as the money supply. It is going to collapse into a new great depression. I am saying US default is imminent, and yes Sr getting shut down will shut off about 23% of the market activity and that if SR accepts LTC it's price will rise and BTC will fall. I am not saying that BTC is easy to replicate but easy to imitate possibly with a better coin.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
I love these occasional FUD posts, they keep the BTC/USD ratio in check so that corrections will not be needed so often
I'm not sure this one is helping as I cannot even decipher what he is saying. Is he implying that US debt repayment is imminent? That Silk Road shutting down would have a dramatic effect on BTC price? That somehow switching to LTC would enable Silkroad to recover? That someone can just make copies of bitcoins? Huh?
Well he indicated that bitcoin is not money, that it is or can be worthless, that the status of mtgox is somehow important, that an alt-chain can easily take over ... I am sure there are more gems in there.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
I love these occasional FUD posts, they keep the BTC/USD ratio in check so that corrections will not be needed so often
I do what I can you can thank me when this thing returns to its intrinsic value, which is even less than fiat, at least you can burn that for warmth.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
I love these occasional FUD posts, they keep the BTC/USD ratio in check so that corrections will not be needed so often
I'm not sure this one is helping as I cannot even decipher what he is saying. Is he implying that US debt repayment is imminent? That Silk Road shutting down would have a dramatic effect on BTC price? That somehow switching to LTC would enable Silkroad to recover? That someone can just make copies of bitcoins? Huh?
This was on page 1 of the thread.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
Good luck finding one.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
- Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
can't.. stop.. laughing...
you win the thread.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
I love these occasional FUD posts, they keep the BTC/USD ratio in check so that corrections will not be needed so often
This was on page 1 of the thread.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
Good luck finding one.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
- Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
Double LOL!
This was on page 1 of the thread.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
Good luck finding one.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
- Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
That is perfect just like we all know where this chart will lead so too will BTC.
Scenarios--- Us government tells japan they wont be bailed out unless they shut down gox, or japan decides to shut it down for violating currency laws, SR is infiltrated and is shut down, Sr announces it will start accepting LTC... any others fellow bears? When do people stop believing this lie? When did beanie babies go bust?, when did people realize pogs are just cardboard? When will people realize that BTC is just 1's and 0's that are worthless as anything other than money? and that it is easy to replicate?
Have another
This was on page 1 of the thread.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
Good luck finding one.
Was anyone able to respond to the challenge? Perhaps I didn't see it
...
- Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
so then wtf is a "dip"
Fast track to gum cancer? 
Quote from: Technical Analysis of Stock Trends, Robert D. Edwards and John Magee p. 479
A correction is a short term price decline of 5% to 20% or so.
here: https://en.wikipedia.org/wiki/Market_trend
Fair enough - I am sure that if you ask either of those authors if he considers a near instantaneous blip in the price caused by a single order a "correction" they would say no.
Otherwise "correction" would just be synonymous with "fluctuation" and would be meaningless.
so then wtf is a "dip"
Quote from: Technical Analysis of Stock Trends, Robert D. Edwards and John Magee p. 479
A correction is a short term price decline of 5% to 20% or so.
here: https://en.wikipedia.org/wiki/Market_trend
Fair enough - I am sure that if you ask either of those authors if he considers a near instantaneous blip in the price caused by a single order a "correction" they would say no.
Otherwise "correction" would just be synonymous with "fluctuation" and would be meaningless.
The (short-term) correction was ~$3.50, no matter what you believe...
Maybe this will help you out: http://en.wikipedia.org/wiki/Market_correction
At no point was 31.05 established as an equilibrium.
That definition doesn't apply at all:
Quote
A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price.
Bitcoin might be argued to be a commodity, but where was there ever a trade barrier?
Yes, that was my point. It doesn't apply. Because we didn't have a "correction to 31.05" and really, not a true correction at all.
However, if you mean this term is not applicable to a change in btc price, I disagree. There are plenty of trade barriers that still exist. Like Chase shutting down cash deposit accounts every time they find out they're dealing with a Bitcoin exchange. When we hear news that Coinlab is going to make transferring money to the largest exchange much easier, the price rises rapidly - that is a correction.
Regardless of how people are abusing this term, I would love to see the definition of a market correction that would qualify an instantaneous dip like we saw. It would make the term meaningless.
Hm. I wasn't aware "market correction" was so tightly defined. I figured it'd be any kind of sharp rebound after a move.
found this
Quote from: Technical Analysis of Stock Trends, Robert D. Edwards and John Magee p. 479
A correction is a short term price decline of 5% to 20% or so.
here: https://en.wikipedia.org/wiki/Market_trend
The (short-term) correction was ~$3.50, no matter what you believe...
Maybe this will help you out: http://en.wikipedia.org/wiki/Market_correction
At no point was 31.05 established as an equilibrium.
That definition doesn't apply at all:
Quote
A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price.
Bitcoin might be argued to be a commodity, but where was there ever a trade barrier?
Yes, that was my point. It doesn't apply. Because we didn't have a "correction to 31.05" and really, not a true correction at all.
However, if you mean this term is not applicable to a change in btc price, I disagree. There are plenty of trade barriers that still exist. Like Chase shutting down cash deposit accounts every time they find out they're dealing with a Bitcoin exchange. When we hear news that Coinlab is going to make transferring money to the largest exchange much easier, the price rises rapidly - that is a correction.
Regardless of how people are abusing this term, I would love to see the definition of a market correction that would qualify an instantaneous dip like we saw. It would make the term meaningless.
The (short-term) correction was ~$3.50, no matter what you believe...
Maybe this will help you out: http://en.wikipedia.org/wiki/Market_correction
At no point was 31.05 established as an equilibrium.
That definition doesn't apply at all:
Quote
A market correction is a rapid change in the nominal price of a commodity, after a barrier to free trade has been removed and the free market establishes a new equilibrium price.
Bitcoin might be argued to be a commodity, but where was there ever a trade barrier?
I'm sorry, I'm confused. 24 hours ago the price was 31.5. Now it is 33.5. How does this qualify as a correction? Explain it like I'm 5.
/thread
I'm sorry, I'm confused. 24 hours ago the price was 31.5. Now it is 33.5. How does this qualify as a correction? Explain it like I'm 5.
+1
I'm sorry, I'm confused. 24 hours ago the price was 31.5. Now it is 33.5. How does this qualify as a correction? Explain it like I'm 5.
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