Topic: Great New Crashcorrection (fulfilled) (Read 14826 times)
Hello Billy! I love it when I'm right!
hoping to buy lower now that you sold?
not gonna happen
not gonna happen
Not really hoping, I can buy anytime if this goes up in a steady pace.
lol thats funny
im all in and will keep riding this, but im not convinced of the logic that the bottom has to be above the previous ATH.
Me too, people are eager to buy cheap, and once the panic starts, the price can go down like dominoes.
im all in and will keep riding this, but im not convinced of the logic that the bottom has to be above the previous ATH.
I don't know where it could crash to, but I think it will top at about 500-520.
I agree that we are probably a bit above the logarithm line now. So it will eventually correct. I could see a drop from $500 to $400 pretty easily, which puts us back in line. If we go far below the line it could even get to $3xx. But it probably would only stay there for a couple weeks.
266 to 60 is not big?
Depends on the perspective: the lowest low at 50 was 3-4 times higher than the level before the rally started (let's say about 15 USD). The stabilization level was around 100, give or take, which was around 7 times the beginning level of the rally. And both are still significantly higher (1.5x and 3x respectively) than the previous all time high. So everyone who bought in January had at least 3x more fiat if they sold on the bottom of the crash. This continuous grows makes crashes or big correction look weird in BTC world. Maybe they would look like crashes if we subtracted (well, divided by) the average exponential growth curve
I don't know where it could crash to, but I think it will top at about 500-520.
IMO it already lost momentum, but it appears there are still some crazy buyers willing to get burned.
Once a clear downtrend will become apparent, tens of thousands of coins will show up.
Probably China is going to experience a crash similar to the one in April, and others will follow.
266 to 60 is not big?
Just use Logcharts... there was no big crash in the last 2 years.
I don't know where it could crash to, but I think it will top at about 500-520.
I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential!
So, based on this chart and the current pace where do you guesstimate it would land up? Below 250 ?
I was thinking of the possibility of a new crash to come this weekend. Seems to me that the recent growth is too big to be sustained, it's really exponential!
When this crashes, it will crash hardcore. It's insane!
That's why I sold my whole "temporal stash" today. Everyone went crazy with the prices today while China still is below the point of last correction. China still is below the point of last correction?
The more excuberance, the better the crash.
When this crashes, it will crash hardcore. It's insane!
That's why I sold my whole "temporal stash" today. Everyone went crazy with the prices today while China still is below the point of last correction. China still is below the point of last correction?
When this crashes, it will crash hardcore. It's insane!
That's why I sold my whole "temporal stash" today. Everyone went crazy with the prices today while China still is below the point of last correction. China still is below the point of last correction?
When this crashes, it will crash hardcore. It's insane!
That's why I sold my whole "temporal stash" today. Everyone went crazy with the prices while China still is below the point of last correction.
It will crash locally, but it will rebound a bit. This is just a consequence of more money on Gox than at the theoretical peak,
which drives price up, and still plenty of bullishness. Those buying so high will get burned IMO.
which drives price up, and still plenty of bullishness. Those buying so high will get burned IMO.
When this crashes, it will crash hardcore. It's insane!
Why would you dump lots in seconds when you can keep the price higher by dumping small portions? Of course 24hrs seems a lot reasonable if you want to cash out.
Only unless you don't want to cash out.
Dump 10000 BTC and put in buy orders directly after to get your money back.
People in panic will start dumping their coins cheap.
Crash is not the best word to use, so change the thread title to "correction."
Great New Correction I can live with.
Or, remove the word great and keep "Crash."
You could stretch and call what just happend a "Crash" (crash to a new ATH, lol) but by absolutely no definition of the word was it GREAT!!!
Think of some things we call "Great." The Great Depression. The Great Wall of China. Alexander the Great. This was not great! It was just a big correction.
Great New Correction I can live with.
Or, remove the word great and keep "Crash."
You could stretch and call what just happend a "Crash" (crash to a new ATH, lol) but by absolutely no definition of the word was it GREAT!!!
Think of some things we call "Great." The Great Depression. The Great Wall of China. Alexander the Great. This was not great! It was just a big correction.
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