Topic: Great New Crashcorrection (fulfilled) - page 7. (Read 14831 times)
I really hope we can go to 500 but... who knows...
Oh noes... I sold some more here at 394. (also bought back at 370 those I sold at 350, cause I needed to buy a nice restaurant dinner).
I see two possible scenarios:
1. going up more, in which case people are happy cause they got my coins, I am happy cause I was poor on paper
2. crash, in which case people will be sad and I will be sad cause I'm gonna loose again fiat.
I see two possible scenarios:
1. going up more, in which case people are happy cause they got my coins, I am happy cause I was poor on paper
2. crash, in which case people will be sad and I will be sad cause I'm gonna loose again fiat.
That's how I'm doing it too, I managed to get some more fiat in at the 260$ mark which i've been slowly pulling back out. I managed to correct a stupid trading mistake from last week that cost me 0.6 btc by stuffing more fiat in there and riding this rise.. so soon i'll have pulled all the fiat i just put in and will have the original amount of BTC i had before my poor trading also with some fiat on the side .. just in case we hit an asteroid on the way to the moon
Oh noes... I sold some more here at 394. (also bought back at 370 those I sold at 350, cause I needed to buy a nice restaurant dinner).
I see two possible scenarios:
1. going up more, in which case people are happy cause they got my coins, I am happy cause I was poor on paper
2. crash, in which case people will be sad and I will be sad cause I'm gonna loose again fiat.
I see two possible scenarios:
1. going up more, in which case people are happy cause they got my coins, I am happy cause I was poor on paper
2. crash, in which case people will be sad and I will be sad cause I'm gonna loose again fiat.
As much as I would like to play around with the market again (and I really, really want to), I'm so distrustful of any 3rd party with any significant sum of bitcoin that I'm just content to hold it, spend it, or sell person to person for cash. I don't know how people can tolerate the risk of having so much on any of the exchanges.
Why does it have to be on the "exchanges"? Why can't it sit in your wallet?
Because then it's not on an exchange and can't be liquidated quickly and be as responsive to market moves.
The old wait-for-three/six-confirmations problem.
Proudhon's right, if you're going to gamble on shortening your position rather than just hold (i.e. sell to bet on downward price action hoping to buy in lower), you probably need to plan in advance of that action, especially given that the major exchanges are, despite using computer technology, pretty much 17th-century-standard trading platforms. (Bitcoin is still young, folks!
) 
As much as I would like to play around with the market again (and I really, really want to), I'm so distrustful of any 3rd party with any significant sum of bitcoin that I'm just content to hold it, spend it, or sell person to person for cash. I don't know how people can tolerate the risk of having so much on any of the exchanges.
Why does it have to be on the "exchanges"? Why can't it sit in your wallet?
Because then it's not on an exchange and can't be liquidated quickly and be as responsive to market moves.
I was talking about the volume on Gox being low so far, I see that volume in China was high.
Because the climb on Gox (to 378$) was underwhelming, the rebound ended up higher (385$) than the theoretical peak.
If Gox would have had better volume, the peak should have been closer to 400$.
Because the climb on Gox (to 378$) was underwhelming, the rebound ended up higher (385$) than the theoretical peak.
If Gox would have had better volume, the peak should have been closer to 400$.
What I do is thake the chinise then take exchange rate of CNY and translate that to $ or euro
I was talking about the volume on Gox being low so far, I see that volume in China was high.
Because the climb on Gox (to 378$) was underwhelming, the rebound ended up higher (385$) than the theoretical peak.
If Gox would have had better volume, the peak should have been closer to 400$.
Because the climb on Gox (to 378$) was underwhelming, the rebound ended up higher (385$) than the theoretical peak.
If Gox would have had better volume, the peak should have been closer to 400$.
Well, so far volume has been low, not sure what to infer from this.
On the 24th October the volume was very high, maybe today the most volume is still to come?
On the 24th October the volume was very high, maybe today the most volume is still to come?
19:04 Sat (CST) - Time in China
People are going out , eating enjoying.
The volume was early in day.
http://bitcoincharts.com/charts/btcnCNY#rg1ztgSzm1g10zm2g25zv
Well, so far volume has been low, not sure what to infer from this.
On the 24th October the volume was very high, maybe today the most volume is still to come?
Yes I guess Oct 24 is a good example. Since there are multiple major exchanges now the volume required is less than 150K on each. Silk road day is another good example. We are due for another one now. On the 24th October the volume was very high, maybe today the most volume is still to come?
Well, so far volume has been low, not sure what to infer from this.
On the 24th October the volume was very high, maybe today the most volume is still to come?
On the 24th October the volume was very high, maybe today the most volume is still to come?
I'm not sure what you mean by '150k correction', that could take us down to 50$.
A 'normal' correction that should happen very soon could go down to 300$, maybe 280$ (fingers crossed).
Oops I mean a 150K volume down day. Not one gigantic dump. A 'normal' correction that should happen very soon could go down to 300$, maybe 280$ (fingers crossed
).
I'm not sure what you mean by '150k correction', that could take us down to 50$.
A 'normal' correction that should happen very soon could go down to 300$, maybe 280$ (fingers crossed).
A 'normal' correction that should happen very soon could go down to 300$, maybe 280$ (fingers crossed
).
I'm not talking about THE crash but the several intermediate 150K corrections that happen during each bubble.
When the right price will be reached, there could be a mass sale of 100k.
But that 'right price' could be 500$ or more, if 385$ wasn't the very peak.
But that 'right price' could be 500$ or more, if 385$ wasn't the very peak.
It's true. I can feel the weight of 2 billion dollars of new market cap and a bearish divergence on the chart. Even if you look at the log chart the current slope is way too high and fast even by bubble standards. We are due for a major high volume correction. There are historically several of these during each bubble. $300 is likely.
The corrections we have seen so far have been childs play - caused by 500-2K sells. They recover not because there is support but because the seller stopped. What happens when there are 5K sells, or 20K sells.
The corrections we have seen so far have been childs play - caused by 500-2K sells. They recover not because there is support but because the seller stopped. What happens when there are 5K sells, or 20K sells.
The bubble you are seeing is the FIAT bubble.
You are looking in the mirror.
Why economists fail on understanding Bitcoin?
history was always with a inflationary currency.
This one is a deflationary one that's why all stats will fail here ,, dollar is inflationary since the beginning it was baked by a Limited supply of gold but at that time nobody knew how much this was precisely! and even now we don't know the amount of ounces gold in
planet earth!
But,,, with Bitcoin it will be 21.000.000 so , its a known constant! we are currently at 11925350 BTC so that's also known... and that's why it does what it does.
its the first time in history that we know the total of supply available on forehand to a currency system.
" until some Bitcoin holders are willing to part with their Bitcoins?"
Or PART of their bitcoins , dont forget that 1 bitcoin is fungible in 100.000.000 units!
so they only need to spend smaller parts to buy and keep the system running
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!
Before calling exponential, please start by using a log chart. Compared to the 2 previous bubble, we are just in the begining.. long way to go before pop !
https://bitcointalksearch.org/topic/comparison-marchapril-vs-octobernovember-328855
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!
Before calling exponential, please start by using a log chart. Compared to the 2 previous bubble, we are just in the begining.. long way to go before pop !
bitstamp is loosing it. Gox has enough support, but bitstamp isweak. hope that changes when the majority of EUrope wakes up
Bitstamp was about 2mil bids pre-bubble.
It went to ~$800k in the SR drop.
Its now $5mill and has been since like $200.
Gox is steadily rising in bids, but not nearly quickly enough. A correction is certain.. a crash? Not unlikely...
bitstamp is loosing it. Gox has enough support, but bitstamp isweak. hope that changes when the majority of EUrope wakes up
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