Topic: This might be the end of the correction - page 5. (Read 8105 times)
alright, looks like we're going the other way. keyword was "might" 
"This might be the end of the correction".
Although I like to agree with this statement, as I have come to the same conclusion following the trend over the past months, and I have a lot of confidence in Bitcoin's stability at the current point, your statement sounds amazingly like taken from the "Famous last words" section...
Bitcoin needs to beef up the underlying economy, i.e. the volume for trades of goods and services using Bitcoin as means of exchange to become a stable currency. Hoarding coins and speculating on them leads to dynamics of a commodity market (and I am comparing Bitcoin itself to the commodity being traded); hence we see "corrections" that would be called a crash when applying metrics and known fluctuations of a currency.
As the value of a currency is also driven by supply and demand, where the supply is the money supply itself, demand is both created by speculators on exchanges and also the volume of the economy supported by the currency (goods and services to be paid using it as means of exchange).
We are moving in the right direction, but we are not there yet, so I would be more cautious calling the "end of the correction".
Again, if you like to see a stable currency, you need to encourage a market for it, which means using it as a means of exchange for goods and services and keep the bitcoins in circulation. Only if bitcoins eventually close the loop and return at the same rate to the person spending them, there will be a stable currency. On the other hand people that just seek speculation and those hoarding them (ref. "my precious") disrupt that circle, making it harder to pay with bitcoins for the ones actually spending them (because they don't return at the same rate).
Note: I am aware I am posting this on the speculation board (but the title of the thread was just too tempting), so as a sheep among wolves I don't expect much applause.
Someone earlier made the suggestion that bitcoin may be dead if the price stabilizes as speculators won't make any money. First, I'd reduce this to short-term speculation, second, as I said that demand for a currency is given not just by speculators but the supporting underlying economy, a price stabilization and reduction in short-term speculation might signal a shift from "commodity status" to currency (means of exchange, as lower fluctuations make it more trustworthy in business transactions), which could be a good thing for those of us supporting it as a new alternative currency.
W.
Although I like to agree with this statement, as I have come to the same conclusion following the trend over the past months, and I have a lot of confidence in Bitcoin's stability at the current point, your statement sounds amazingly like taken from the "Famous last words" section...
Bitcoin needs to beef up the underlying economy, i.e. the volume for trades of goods and services using Bitcoin as means of exchange to become a stable currency. Hoarding coins and speculating on them leads to dynamics of a commodity market (and I am comparing Bitcoin itself to the commodity being traded); hence we see "corrections" that would be called a crash when applying metrics and known fluctuations of a currency.
As the value of a currency is also driven by supply and demand, where the supply is the money supply itself, demand is both created by speculators on exchanges and also the volume of the economy supported by the currency (goods and services to be paid using it as means of exchange).
We are moving in the right direction, but we are not there yet, so I would be more cautious calling the "end of the correction".
Again, if you like to see a stable currency, you need to encourage a market for it, which means using it as a means of exchange for goods and services and keep the bitcoins in circulation. Only if bitcoins eventually close the loop and return at the same rate to the person spending them, there will be a stable currency. On the other hand people that just seek speculation and those hoarding them (ref. "my precious") disrupt that circle, making it harder to pay with bitcoins for the ones actually spending them (because they don't return at the same rate).
Note: I am aware I am posting this on the speculation board (but the title of the thread was just too tempting), so as a sheep among wolves I don't expect much applause.
Someone earlier made the suggestion that bitcoin may be dead if the price stabilizes as speculators won't make any money. First, I'd reduce this to short-term speculation, second, as I said that demand for a currency is given not just by speculators but the supporting underlying economy, a price stabilization and reduction in short-term speculation might signal a shift from "commodity status" to currency (means of exchange, as lower fluctuations make it more trustworthy in business transactions), which could be a good thing for those of us supporting it as a new alternative currency.
W.
Haven't I taught you guys anything 
Me too...I feel better now. gave me the opportunity to buy more under $5 for the last time ever ^^
Keep up the dream, bro.yeah nightmare
Lol... I knew it. Every fucking time there's a post like this, it goes decidedly in the other direction. 
Me too...I feel better now. gave me the opportunity to buy more under $5 for the last time ever ^^
Keep up the dream, bro. We did it wrong. I will probably get out of this position soon.
Ye of little faith.
Although I should have known better than to put anything on anything tonight.
He really went short.
Nope. I really went long.
Oh dear, me too...want a cower buddy?
We did it wrong. I will probably get out of this position soon.
He really went short.
Nope. I really went long.
Me too...I feel better now. gave me the opportunity to buy more under $5 for the last time ever ^^
He really went short.
Nope. I really went long.
5 is a terrible psychological resistance. I bought here before and had to regret it.
He really went short.
Nope. I really went long.
He really went short.
Lol, oops.
The Manipulator is reading these forums, beware. the ghost wall on ask was 17k it did pop up and after that the little wall on bid side got away first 4k the another 3k, that was a e-peen battle
Those coins are back.
Lol, oops.
Meh, I went long. Not revealing as much this time. Not a huge position, but I thought, "what the hell" and decided to pick a side. I'll probably get out of this as soon as it's the least bit profitable. I think before we go down again we're going to see a spike up. Fingers crossed!
you're learning
I just finished reading Reminiscences of a Stock Operator. 
The last few chapters were about stock "manipulation", and it was enlightening in many respects.It is really incredible how little has changed since then, the only new thing is probably bots.
What about it @myself?
I don’t understand what you want to tell me.
price go down or remain the same almost each time the volume is low I don’t understand what you want to tell me.
Basically, a manipulator can only achieve so much as the general trend allows.
I saw a large 20k or so ask wall pop up for a minute or two about 30 minutes ago. It went up around $5.20. Whoever owns that wall is probably going to stop any attempt at a rally. This is a false start, IMO.
you're learning
Combined with the 4k wall that wants to push up the price, I’m inclined to believe we will either see a large ask wall or a huge dump like the 5.3 one soon.
Basically, a manipulator can only achieve so much as the general trend allows.
What about it @myself?
I don’t understand what you want to tell me.
price go down or remain the same almost each time the volume is low I don’t understand what you want to tell me.
Basically, a manipulator can only achieve so much as the general trend allows.
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