Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31940. (Read 26731130 times)

You don't know how bad this is going to get. Double digits by next week.

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

This is what I have tried to say with many posts https://bitcointalksearch.org/user/gandhibt-100244

If we break 380 support at stamp we can enter bear market, but that's getting more unlikely as more time go by.

So unless this is actually the bubble pop, I think now is a good time to start re-buying?

I think we are bottoming out.  The previous trend before the insanity may be upheld.

you clearly have no Idea, most big exchanges are AML and KYC applicant, and all new exchanges that will appear will have to apply as well in order to survive, the Problem of bubbles and crashes and corrections is not the weakness of the trading Platforms but the nature of Bitcoins.

Bitcoin rewards the early adopters and makes room for new comers, when the price go up so fast like we saw the last few weeks a correction/crash will most likely appear, I would like to remind you that after the silk road news the 1st of october BTC crashed to $85 and corrected to $115, this only a month and a half ago, so after 5 weeks the Price went strait to $900.

even if you are not that early adopter and invested in Bitcoins in october todays price gives you a sweet exit with huge profit, so imagine if you bought at $10, all what I am trying to say is that because of the nature of bitcoin, there will be allways crashes like this. except if price will riase slowly and healthy, I was expecting a crash but when it took this long I thought it wont happen before $1000.


but I am sure that people will always invest, all it will take is a look to the chart and they will understand that these things happens, I as a Bitcoiner and Litecoiner got used to this, I really dont care that much anymore, especially after hearing the positive comments from yesterday and before yesterday senate hearing.

why would I sell my Bitcoins or Litecoins anyways, I am sure they will be around for long time and I am sure that I will start using them in my daily life shortly and I had the best opportunity to get in before most of people.

and we are going up so fast

edit: sorry suckers who sold out before

At this rate of decline, we'll reach $300 (BTC-E) today