Sub $530? | Bitcointalksearch.org

Torque

legendary

Activity: 3710

Merit: 5286

Quote from: chesthing on March 27, 2014, 10:59:57 AM

Quote from: IIOII on March 27, 2014, 09:56:05 AM

Quote from: Edward50 on March 27, 2014, 09:46:31 AM

The smart people are getting out as high as they can.

Smart people get in and hodl.

It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing.

Yes, but we are in a downward trend from the ath in December lasting months. It just keeps going lower and lower and lower and

Positive or negative trends are all relative. Take a look at this:
http://bitcoincharts.com/charts/bitstampUSD#rg60zczsg2013-08-30zeg2013-10-05ztgSzm1g10zm2g25zv

That sure looks like a slight negative trend to me, with a very negative crash toward the end. Although anyone that sold everything in October because of this had no idea what was coming, and are probably crying right now...

chesthing

legendary

Activity: 1414

Merit: 1000

Quote from: IIOII on March 27, 2014, 09:56:05 AM

Quote from: Edward50 on March 27, 2014, 09:46:31 AM

The smart people are getting out as high as they can.

Smart people get in and hodl.

It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing.

Yes, but we are in a downward trend from the ath in December lasting months. It just keeps going lower and lower and lower and

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: dannyspk on March 27, 2014, 09:16:58 AM

Quote from: dyland on March 27, 2014, 09:13:38 AM

Quote from: Wandererfromthenorth on March 27, 2014, 09:07:36 AM

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

I really hope this downtrend doesn't last too long.....there's stuff I want to buy.

Placing your bets too high.

I assume you mean this:

Yeah, my average buy-in was about $650.00...

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: ?? on ??

Price drop means a bunch of hands sold. Does not necessarily correlate to news headlines. How does your logic look a few hours ago in the $580 range?

My logic? Sorry, not sure I understand the question. My point was that bitcoin has been seriously overvalued and now people are playing catch up. And I think that 500 is a key confidence level to establish or otherwise.

Cassius

legendary

Activity: 1764

Merit: 1031

Quote from: IIOII on March 27, 2014, 09:56:05 AM

Quote from: Edward50 on March 27, 2014, 09:46:31 AM

The smart people are getting out as high as they can.

Smart people get in and hodl.

It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing.

Yup. It's called a correction for a reason. It's a necessary step on the way to rehab after the bubble, Gox and FUD. No point fighting it.

IIOII

legendary

Activity: 1153

Merit: 1012

Quote from: Edward50 on March 27, 2014, 09:46:31 AM

The smart people are getting out as high as they can.

Smart people get in and hodl.

It's just a correction. Look at price movements in the past. Volatility is constantly decreasing. Movements of 10-20% are nothing.

Edward50

hero member

Activity: 602

Merit: 500

Quote from: Wandererfromthenorth on March 27, 2014, 09:07:36 AM

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

Yes, I notice the same trend.

In December when the china ban came out everyone was screaming hold, and it is fake news, just like you said.
Then bitcoin dropped like 50%.

The smart people are getting out as high as they can.

suchnoob

full member

Activity: 224

Merit: 100

Quote from: JHammer on March 27, 2014, 09:37:50 AM

That is OLD news Bro.. March 21? Huh

?? That was like YEARS ago.. Today is March 27 BTW

You should read the rest of the posts BRO, not just 1st post.

JHammer

member

Activity: 112

Merit: 10

That is OLD news Bro.. March 21? Huh

?? That was like YEARS ago.. Today is March 27 BTW

K128kevin

member

Activity: 84

Merit: 10

Quote from: Wandererfromthenorth on March 27, 2014, 09:07:36 AM

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

Actually almost all of the downward movement since the peak around late november/early december has been a result of news. When there is no bad news the price almost always tends to go upward. I would say that we are in a prolonged upward trend that is being frequently disrupted by harmful news like the China ban.

dannyspk

sr. member

Activity: 341

Merit: 250

Quote from: dyland on March 27, 2014, 09:13:38 AM

Quote from: Wandererfromthenorth on March 27, 2014, 09:07:36 AM

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

I really hope this downtrend doesn't last too long.....there's stuff I want to buy.

Placing your bets too high.

dyland

full member

Activity: 238

Merit: 100

We must become the pitiless censors of ourselves.

Quote from: Wandererfromthenorth on March 27, 2014, 09:07:36 AM

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

I really hope this downtrend doesn't last too long.....there's stuff I want to buy.

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Well, we are in a prolonged downtrend regardless of news. so dumps are predictable.
News that play on fear just makes the process faster.

Also, don't forget that the "ban" who started the december crash begun with a lot of "rumors" and "FUD" and a lot of people dismissed them yelling "HODL" and shit.

Bottom will be around $400 or even lower.

escrow.ms

legendary

Activity: 1274

Merit: 1004

Quote from: john_doe on March 27, 2014, 08:58:07 AM

Quote from: escrow.ms on March 27, 2014, 08:46:06 AM

panic sell..
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/

It will go up again.

That's old news.

Ah oops copy pasted wrong url..

new one is
http://www.coindesk.com/bitcoin-price-drops-new-chinese-bank-rumours/

edit: Oh john doe.. Shocked

K128kevin

member

Activity: 84

Merit: 10

It probably will go up again soon. This seems like it is definitely a result of the China news though.

http://www.bloomberg.com/news/2014-03-27/pboc-orders-banks-to-shut-bitcoin-exchange-accounts-caixin-says.html

john_doe

full member

Activity: 137

Merit: 100

Quote from: escrow.ms on March 27, 2014, 08:46:06 AM

panic sell..
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/

It will go up again.

That's old news.

escrow.ms

legendary

Activity: 1274

Merit: 1004

panic sell..
http://www.coindesk.com/bitcoin-price-declines-following-false-report-chinas-bitcoin-ban/

It will go up again.

btbrae

hero member

Activity: 680

Merit: 500

That looks like a big player beginning to dump his coins... perhaps the Mtgox "hacker".

bitcoinsrus

hero member

Activity: 518

Merit: 500

Why is the price now lower than 530? Is this a flash crash, due to china enforcing bans on btc (just read a few articles on this section)?
Whats up brah?!

Topic: Sub $530? (Read 1509 times)