Not sure how long the correction is going to take but at least a temporary bottom has been found. In fact when I look at the current situation it seems that all the movement from $6 to $5 looks like a strong bear market panic move and at least temporarily the fuel has run out. With a bear market I refer to the short term of course.
I believe $5 must break before there can be another wave of selling, otherwise this will be the bottom.
Topic: How long this correction will take? (Read 5570 times)
Now I am suspicious that there is someone intentionally burning lots of money *just* to make Bitcoin look bad. Screw them. Soldier on, Bitcoin Army!
The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.
It's been frozen for several days now.
This chart seems to have worked for me right along through the price decline, the values it has shown seem consistent with the activity.
Is there a better chart I'm missing?
http://bitcoincharts.com/markets/mtgoxUSD_depth.html
3 weeks of correction - are we midway?
The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.
It's been frozen for several days now.
The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.
That was coincidentally very inconvenient, yes.
The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.
Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.
I think it suffices to transfer the money to the more sane speculators.
The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.
And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
After I saw the depth shift dramatically yesterday, I got out fast...
bitcoinica was a ticking time bomb...
Yes, the depth rearrangement was a clear signal to me.
What sort of re-arrangement did you see?
At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.
Holy Cow...
Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.
I think it suffices to transfer the money to the more sane speculators.
The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.
And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
After I saw the depth shift dramatically yesterday, I got out fast...
bitcoinica was a ticking time bomb...
Yes, the depth rearrangement was a clear signal to me.
What sort of re-arrangement did you see?
At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.
Even so, they still create effects throughout the market and lots of money redistribution.
Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.
I think it suffices to transfer the money to the more sane speculators.
The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.
And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
After I saw the depth shift dramatically yesterday, I got out fast...
bitcoinica was a ticking time bomb...
Yes, the depth rearrangement was a clear signal to me.
What sort of re-arrangement did you see?
At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.
Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.
I think it suffices to transfer the money to the more sane speculators.
The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.
And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
After I saw the depth shift dramatically yesterday, I got out fast...
bitcoinica was a ticking time bomb...
Yes, the depth rearrangement was a clear signal to me.
What sort of re-arrangement did you see?
What correction?...
Oh, you mean this https://bitcointalksearch.org/topic/smart-money-has-left-the-building-have-you-61101
C'est la vie!
Ok, let me rephrase: I believe there is a good probability … I hope it won’t happen though. I really hated this bear market.
It’s possible that the move to 7.2 was just a bear market retracement. If that’s the case, we should be seeing new lows as we resume the downtrend.
Saying "it's possible" is so dangerous when trying to explain something. Anything is possible, so it's like picking from a set of possibilities to explain something..... with anything. It's possible that that bear market retracement is itself a retracement of a retracement of an upwards trend. c wut i did thar?
It’s possible that the move to 7.2 was just a bear market retracement. If that’s the case, we should be seeing new lows as we resume the downtrend.
People getting anxious with no movement, that's all
OK - I think now is a good time to revive my question. So far it does look like a prolonged correction.
Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.
I think it suffices to transfer the money to the more sane speculators.
The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.
And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
After I saw the depth shift dramatically yesterday, I got out fast...
bitcoinica was a ticking time bomb...
Yes, the depth rearrangement was a clear signal to me.
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