Great New Crashcorrection (fulfilled) - page 5.

superduh

hero member

Activity: 602

Merit: 500

Quote from: wobber on November 09, 2013, 09:13:14 PM

By the way, THIS proved to me that this market is too volatile to be in it other than with long bitcoins.

There's too much speculation and I am affraid bitcoin is just that: a purely speculative instrument, and a very profitable one. Nothing else. Scattered poker games, transactions but no real economy. Wake me up from my hibernation when we have some killer app or interest in BTC as store of value.

it's all there. just stop trading for fiat unless you want to gamble a bit.
it's a trader/speculators wet dream.
10 cans of redbull per day and refresh button

wobber

legendary

Activity: 1064

Merit: 1001

Oh noes...We're back. Good thing I didn't panicked and sold at 300!

wobber

legendary

Activity: 1064

Merit: 1001

By the way, THIS proved to me that this market is too volatile to be in it other than with long bitcoins.

There's too much speculation and I am affraid bitcoin is just that: a purely speculative instrument, and a very profitable one. Nothing else. Scattered poker games, transactions but no real economy. Wake me up from my hibernation when we have some killer app or interest in BTC as store of value.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Quote from: wobber on November 09, 2013, 09:08:28 PM

Of course, it's my master skill. Good thing is I have more coins. Bad news, could have even more.

so we should just do the opposite of what you say? Grin

could still be a good buy now, 300 is fighting hard and seems to win

HotSwap

hero member

Activity: 806

Merit: 1000

COINMIXER.NET

Quote from: Xer0 on November 09, 2013, 09:05:08 PM

Quote from: wobber on November 09, 2013, 08:47:51 PM

Crash is over. Double bottom short term. Now buy.

EDIT: Bought in at 346.

he said. and then it went down again Roll Eyes

308!

Tzupy

legendary

Activity: 2128

Merit: 1074

This is gaining momentum. I cancelled my buy order at 280$, waiting to see how deep it goes.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: Xer0 on November 09, 2013, 09:05:08 PM

Quote from: wobber on November 09, 2013, 08:47:51 PM

Crash is over. Double bottom short term. Now buy.

EDIT: Bought in at 346.

he said. and then it went down again Roll Eyes

Of course, it's my master skill. Good thing is I have more coins. Bad news, could have even more.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Quote from: wobber on November 09, 2013, 08:47:51 PM

Crash is over. Double bottom short term. Now buy.

EDIT: Bought in at 346.

he said. and then it went down again Roll Eyes

wobber

legendary

Activity: 1064

Merit: 1001

Crash is over. Double bottom short term. Now buy.

EDIT: Bought in at 346.

MaxBTC1

newbie

Activity: 56

Merit: 0

Quote from: Xer0 on November 08, 2013, 05:52:54 PM

Quote from: navigator on November 08, 2013, 05:49:06 PM

There is no rule that says it can't increase exponentially. Bitcoin has proven us all wrong before.

https://i.imgur.com/4NKXJMY.jpg

Bitcoin™

Best chart yet!

wobber

legendary

Activity: 1064

Merit: 1001

We're close to a retest of 340. Hold your finger crossed, if that helps.

Tzupy

legendary

Activity: 2128

Merit: 1074

Quote from: Tzupy on November 09, 2013, 04:29:12 PM

Quote from: wobber on November 09, 2013, 04:22:48 PM

Quote from: Tzupy on November 09, 2013, 04:21:12 PM

Quote from: wobber on November 09, 2013, 03:57:56 PM

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

I fell asleep waiting for further drops and just woke up. This doesn't look like a replay of the 217$ to 177$ drop.
But so far I haven't seen the avalanche of coins required to pop the bubble, so I'm not sure (and sleepy, it's about 2 AM, my time).

freethink2013

full member

Activity: 224

Merit: 100

Quote from: wobber on November 09, 2013, 07:50:07 PM

If this selloff breaches 340 we're doomed. 340 is 24hrs low.

yep this next crash will bring us to within $50 of the previous all time high

sell sell sell

wobber

legendary

Activity: 1064

Merit: 1001

If this selloff breaches 340 we're doomed. 340 is 24hrs low.

notthematrix

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Activity: 980

Merit: 1000

CryptoTalk.Org - Get Paid for every Post!

Quote from: wobber on November 09, 2013, 04:41:57 PM

Quote from: adamstgBit on November 09, 2013, 04:40:13 PM

Quote from: /dev/null on November 09, 2013, 04:37:06 PM

If all american and chinese started selling... price is go down to 100$ easily in a day.

problem is all american and chinese are buying not selling

Just a few. It's like inbreeding. Some groups buy buy buy but they all have to sell at some point.

If you use it to side step the $ economy why selling , only if you need to buy stuff , but if value increases less of bitcoin you need to spend

The soled bitcoin parts will come free for a higher fiat price.

wobber

legendary

Activity: 1064

Merit: 1001

Quote from: adamstgBit on November 09, 2013, 04:40:13 PM

Quote from: /dev/null on November 09, 2013, 04:37:06 PM

If all american and chinese started selling... price is go down to 100$ easily in a day.

problem is all american and chinese are buying not selling

Just a few. It's like inbreeding. Some groups buy buy buy but they all have to sell at some point.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: /dev/null on November 09, 2013, 04:37:06 PM

If all american and chinese started selling... price is go down to 100$ easily in a day.

problem is all american and chinese are buying not selling

/dev/null

sr. member

Activity: 308

Merit: 250

If all american and chinese started selling... price is go down to 100$ easily in a day.

/dev/null

sr. member

Activity: 308

Merit: 250

Quote from: Tzupy on November 09, 2013, 04:29:12 PM

Quote from: wobber on November 09, 2013, 04:22:48 PM

Quote from: Tzupy on November 09, 2013, 04:21:12 PM

Quote from: wobber on November 09, 2013, 03:57:56 PM

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

Huge crash coming soon.

Tzupy

legendary

Activity: 2128

Merit: 1074

Quote from: wobber on November 09, 2013, 04:22:48 PM

Quote from: Tzupy on November 09, 2013, 04:21:12 PM

Quote from: wobber on November 09, 2013, 03:57:56 PM

Should I buy back now? Sold at the price of 394 out of 395.

The market already answered: wait for the bottom.

I wonder if this bottom will be prolonged or just a flash crash.

If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom.

Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume.

Topic: Great New Crashcorrection (fulfilled) - page 5. (Read 14831 times)