Unless a boom happens in November, there will be a massive correction

biggus dickus

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Quote from: piramida on November 02, 2014, 01:52:00 PM

Quote from: kwukduck on November 02, 2014, 01:01:55 PM

All long term indicators scream it's going to single digits and lower so how do you defend your position?

Oh? Now that's something fresh

Which ones? Do you mean fallllling as a long term indicator, or you have some better ones?

None of the technical analysis threads mention any indicators that scream it's going to single digits and lower. Only falllling and a few other extreme bear trolls are screaming that. I doubt you can post some links to back up your claims.

piramida

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Borsche

Quote from: kwukduck on November 02, 2014, 01:01:55 PM

All long term indicators scream it's going to single digits and lower so how do you defend your position?

Oh? Now that's something fresh

Which ones? Do you mean fallllling as a long term indicator, or you have some better ones?

inca

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Quote from: kwukduck on November 02, 2014, 01:01:55 PM

All long term indicators scream it's going to single digits and lower so how do you defend your position?

Perhaps if we exclude transaction statistics, wallet numbers, VC funding, merchant integration, hash rate and focus on the price in isolation. Even then what exactly are you wittering on about?

kwukduck

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Quote from: JimboToronto on November 01, 2014, 12:22:30 PM

Quote from: TaunSew on November 01, 2014, 10:28:59 AM

Many people have been holding since January thinking the next upcoming November would be a boom.

January? LOL Which year?

November? ROFLMAO Why? Because they didn't even know about Bitcoin until last autumn's little rally in November?

Perhaps you should quit thinking in months and start thinking in years.

Noobs. Sigh.

All long term indicators scream it's going to single digits and lower so how do you defend your position?

thms

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Quote from: Tzupy on November 02, 2014, 11:48:47 AM

Quote from: thms on November 02, 2014, 11:45:54 AM

I'm so waiting for this correction, I'll buy a hundred when it's below $50 Cheesy

Actually, if it drops that low many people, myself included, might get out for good.
Price can't drop that low without some catastrophic reason, which I hope won't be the case.

this means you actually don't believe in bitcoin.

piramida

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Borsche

Quote from: TaunSew on November 01, 2014, 10:28:59 AM

Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet.

Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower.

Many people have been holding fiat since January thinking the next upcoming November would be a crash. Here we are - it's November and no crash yet.

Many people might start panic buying within the next 60 days and this could drive the price up to $10000 or higher.

See? Even more substantiated post than yours!

Tzupy

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Quote from: thms on November 02, 2014, 11:45:54 AM

Quote from: arbitrage001 on November 02, 2014, 10:50:31 AM

Last hope is December this year on the ETF. When the last hope is gone, so too will the price.

A massive correction will benefit the few who has the balls to buy when everyone is selling.

I'm so waiting for this correction, I'll buy a hundred when it's below $50 Cheesy

Actually, if it drops that low many people, myself included, might get out for good.
Price can't drop that low without some catastrophic reason, which I hope won't be the case.

thms

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Quote from: arbitrage001 on November 02, 2014, 10:50:31 AM

Last hope is December this year on the ETF. When the last hope is gone, so too will the price.

A massive correction will benefit the few who has the balls to buy when everyone is selling.

I'm so waiting for this correction, I'll buy a hundred when it's below $50 Cheesy

arbitrage001

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Last hope is December this year on the ETF. When the last hope is gone, so too will the price.

A massive correction will benefit the few who has the balls to buy when everyone is selling.

Beliathon

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https://youtu.be/PZm8TTLR2NU

Quote from: Remember remember the 5th of November on November 02, 2014, 10:36:14 AM

hy not the whole universe?

First humanity must master responsible stewardship of our home planet. We've got a long way to go. Ethically speaking, only then should we consider attempting to spread to other worlds.

Remember remember the 5th of November

legendary

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Reverse engineer from time to time

Quote from: Beliathon on November 02, 2014, 09:44:47 AM

The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes.

This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason.

Why that single nebulae? Tongue

Why not the whole universe?

Silly Money

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Quote from: TaunSew on November 01, 2014, 10:28:59 AM

Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet.

Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower.

Lol, why would a boom come this november? What are 'they' basing this off? Hope? Nobody is going to start pabic selling for no reason, especially just because their boom hasnt magically happened.

cuddaloreappu

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Quote from: Beliathon on November 02, 2014, 09:44:47 AM

The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes.

This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason.

the one thing I will never disagree with u

Beliathon

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https://youtu.be/PZm8TTLR2NU

The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes.

This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason.

Argwai96

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Thug for life!

Quote from: galbros on November 01, 2014, 08:12:26 PM

Yes, I think the fact that we go a year and the price is not higher is bad. I'm more worried about why bitcoin hasn't rallied with more adoption. I'm increasingly worried that some exchanges are basically operating on a fractional reserve and will fail at some point.

Good Luck!

Well the short term affects of higher adoption is a lower price, as merchants who accept bitcoin sell off the bitcoin they receive on the exchanges. Over time higher adoption will cause the price to increase as more people buy bitcoin and hold onto while prior to spending it

cbeast

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Let's talk governance, lipstick, and pigs.

Quote

Unless a boom happens in November, there will be a massive correction

Either the price goes up or it goes down. Is that what you are predicting? Sounds like a pretty safe bet. Roll Eyes

petersiddle98

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Quote from: TaunSew on November 01, 2014, 10:28:59 AM

Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet.

Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower.

I am not expecting a boom until 2016 due to the bitcoin halving. ASIC company are dumping bitcoin driving the price down too quickly..

galbros

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Yes, I think the fact that we go a year and the price is not higher is bad. I'm more worried about why bitcoin hasn't rallied with more adoption. I'm increasingly worried that some exchanges are basically operating on a fractional reserve and will fail at some point.

Good Luck!

Malte

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This sounds plausible. On the other hand, it could be possible that most of the people sold by now. Are there any estimates how much additional money entered the market during the bubble phase anyway? Probably not possible to get this data. But don't forget that a lot of buying pressure might have been purely artificual due to willy bot (and willy bot will not sell).

mmortal03

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Quote from: MrBig on November 01, 2014, 12:08:18 PM

The people who were advocating that you can't lose if you buy btc and hold for a year for guaranteed profits have no legs to stand on.

That wasn't even true to begin with. In May 2012, yearly held bitcoins dropped into the red for a good while.

Topic: Unless a boom happens in November, there will be a massive correction (Read 3112 times)