Author

Topic: one more big weekend dump coming... (Read 1364 times)

member
Activity: 61
Merit: 10
November 24, 2013, 02:32:29 AM
#11
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.


Does a drop of $89 to $75 seem significant too? How about $8.9 to $7.5, or  even $.89 to $.75?
sr. member
Activity: 462
Merit: 250
November 24, 2013, 01:22:09 AM
#10
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.

From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip  Smiley

Quite possible another 30% correction this weekend/Monday before continuing up.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
November 24, 2013, 12:58:02 AM
#9
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.

From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip  Smiley

True. It feels like a lot with these swings of a couple hundred bucks now, even though in percentage terms it's not that big of a deal. It takes some adjustment to think in terms of these higher prices... but I'm not complaining!  Grin
legendary
Activity: 1025
Merit: 1000
November 24, 2013, 12:49:04 AM
#8
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.

From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip  Smiley
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
November 24, 2013, 12:26:17 AM
#7
look at the trends, bitcoin isn't going anywhere down ... this correction isn't really a correction.  look at liquidity... this is going to 900 level real soon... i mean REAL soon.

I agree. More fiat will flow into the exchanges on Monday and then we'll push to new highs. Until then, probably in a range between $750 and $850.

If it does make one more push downward, I can't see it going below $700. There's strong support on the bid side down there.
full member
Activity: 238
Merit: 100
November 24, 2013, 12:23:37 AM
#6
look at the trends, bitcoin isn't going anywhere down ... this correction isn't really a correction.  look at liquidity... this is going to 900 level real soon... i mean REAL soon.
sr. member
Activity: 280
Merit: 250
Coolness: ∞
November 24, 2013, 12:21:43 AM
#5
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.

Nothing new about the Bitcoin, keep using, keep spending, move along..
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
November 24, 2013, 12:20:05 AM
#4
It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
hero member
Activity: 840
Merit: 1000
November 24, 2013, 12:16:50 AM
#3
Wasn't much of a drop really (so far)... I doubt anyone that wasn't willing to buy in at $800 would at $760.
sr. member
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
November 24, 2013, 12:11:44 AM
#2
BTCChina already had a big dump at the same time as Gox and Stamp. All the way down to 4800. Will it go lower? Maybe, but if I were in fiat right now, I'd buy back in.
full member
Activity: 238
Merit: 100
November 24, 2013, 12:06:20 AM
#1
So far there has been 2 major dumps... Gox and Bitstamp.... it was nicely coordinated... starting with smaller amts crescendo'ing to bigger and finally a big one...  There could be another big one coming from CNY if this was a coordinated plan for the trifecta.  It is okay though, come Sunday night USA time, as funds rage in this will hit 899 in a blink of an eye... then on to 950..
Jump to: