Stocks dropping like its hot - page 2.

indiemax

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Quote from: NorrisK on January 04, 2016, 02:16:44 AM

Quote from: The Sceptical Chymist on January 04, 2016, 01:36:41 AM

So the first two charts are interesting--those are overnight tonight, correct? I will very much like to see what happens in the US markets when they open today. We're definitely due for a correction or even a crash--I've been expecting that for some time now. I'm not sure about the other two charts you posted which are of much longer term. I don't know what's meant by them. I'm not a believer in TA.

But why would it happen directly into the new year? Everybody wants to maximize their profits for the year?

More profit also means more taxes to be paid right away, would've been more sensible to start dropping some before the new year.

Remember the Chinese New year is February 8th, so could be plenty of action still to come Grin

macsga

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Strange, yet attractive.

IMHO, the worst part is why this has happened. Random (heavy) drops like this have only one meaning: "Insiders liquidating because of hidden info". I wouldn't just jump in and say what I think about BTC price; usually, it takes a couple of days for the people to look around after the turmoil. Maybe Martin Armstrong got it right all the way and it was just about to happen. Who knows.

HarizDB

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It's quite normal for stocks to drop in the openings of the year - but the drop in China is quite spectacular. This could lead to a bigger interests in Bitcoins, which would lead to a higher value of the coin.
Note: This is only speculation presented by me, don't take my words for granted.

sirohige

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“There are a growing number of people who feel that bitcoin is a safe haven of sorts, analogous to the role that gold played historically. If this is true, economic turmoil in China could cause speculators and perhaps some businesses to buy more bitcoin in a 'flight to safety.' Bitcoin has some properties that make it attractive during times of economic uncertainty, and uncertainty in Chinese stock markets, foreign exchange rates, and the overall economy could create more demand for bitcoin and buoy prices”, Greg Wolfson of BTCC told Bitcoin Magazine at the time.

source : Bitcoin Unaffected By China’s Stock Market Woes

bitcoin is more strong Roll Eyes

suda123

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They all look like dead cat bounce from a 1-5 year chart

suda123

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suda123

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Ah good speculations, I'm curious as well

sirohige

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i think this is normally in january you can look at january 2014, 2015 ,
i hope bitcoin more stronge and comeback to reach $500

NorrisK

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Quote from: The Sceptical Chymist on January 04, 2016, 01:36:41 AM

So the first two charts are interesting--those are overnight tonight, correct? I will very much like to see what happens in the US markets when they open today. We're definitely due for a correction or even a crash--I've been expecting that for some time now. I'm not sure about the other two charts you posted which are of much longer term. I don't know what's meant by them. I'm not a believer in TA.

But why would it happen directly into the new year? Everybody wants to maximize their profits for the year?

More profit also means more taxes to be paid right away, would've been more sensible to start dropping some before the new year.

The Sceptical Chymist

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Top Crypto Casino

So the first two charts are interesting--those are overnight tonight, correct? I will very much like to see what happens in the US markets when they open today. We're definitely due for a correction or even a crash--I've been expecting that for some time now. I'm not sure about the other two charts you posted which are of much longer term. I don't know what's meant by them. I'm not a believer in TA.

suda123

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https://twitter.com/business/status/683888234649239552?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

what does it mean ?

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