Topic: Where is the damn correction??? (Read 4502 times)
Pig made $50 tonight
where's the pic of Adam chasing the train?
Makes me laugh too :-)
looks more like a pigtrap than a bulltrap
I do hope from time to time there are 60% retracements, so that BTC attract only true believers, speculators will definitely get shaked out by a 60% retracement and stay away
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Speculators mostly use TA, but none of TA can deal with a fast crash which break all the indicators in a very short time frame, either it is trend following based or momentum based/ swing trading. And from a risk management point of view, suddenly lose 60% of holding value is also not acceptable
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Speculators mostly use TA, but none of TA can deal with a fast crash which break all the indicators in a very short time frame, either it is trend following based or momentum based/ swing trading. And from a risk management point of view, suddenly lose 60% of holding value is also not acceptable
fast crashes occur less and less often as the market matures
also, some 'fast crashes' are recognizable because they occur when a regular correction becomes panic selling. i called this knife when i saw a bulltrap yesterday (see 'bubble or bulltrap')
I do not know the future. But it went from 0.5$ to 30$ in 6-8 month run previously. For all we know history can repeat itself and it could go from 10$ to 600$ or maybe only to 300$ or 100$ this time. On stock market a company of Bitcoin's age and with a similar revolutionary product and with already decent moat effect could easily command 1 billion market cap. There is no good reason for Bitcoin to not get to similar "market cap" level in 2013 and this would be 100$ "valuation".
Sure there will be "corrections". Question is how deep they will be and whether those who sold early will be able to catch up. Too many people wait for corrections to jump on. For all we know they might have to chase the market later and/or be left in the dust.
Sure there will be "corrections". Question is how deep they will be and whether those who sold early will be able to catch up. Too many people wait for corrections to jump on. For all we know they might have to chase the market later and/or be left in the dust.
where's the pic of Adam chasing the train?
Plus I finally figured out how to explain bitcoins to friends and family;
Pizza Bux
They instantly get it.
Pizza Bux
They instantly get it.
Keep hoping, bears. It's pretty pathetic!
There's no pirate to save you this time, there's no Mt. Gox hack, there's nothing. There's ASICs which will further secure the network, allowing the capitalization to rise even further. There's bitcoin wireless, pizza for bitcoins, rumor of a large casino operation, wordpress, and countless other good things going on. We have exponential growth with a supply that has been halved!
I'm not expecting any sizable dumps until we pass the all time high.
There's no pirate to save you this time, there's no Mt. Gox hack, there's nothing. There's ASICs which will further secure the network, allowing the capitalization to rise even further. There's bitcoin wireless, pizza for bitcoins, rumor of a large casino operation, wordpress, and countless other good things going on. We have exponential growth with a supply that has been halved!
I'm not expecting any sizable dumps until we pass the all time high.
PED is the only explanation 
I do not know the future. But it went from 0.5$ to 30$ in 6-8 month run previously. For all we know history can repeat itself and it could go from 10$ to 600$ or maybe only to 300$ or 100$ this time. On stock market a company of Bitcoin's age and with a similar revolutionary product and with already decent moat effect could easily command 1 billion market cap. There is no good reason for Bitcoin to not get to similar "market cap" level in 2013 and this would be 100$ "valuation".
Sure there will be "corrections". Question is how deep they will be and whether those who sold early will be able to catch up. Too many people wait for corrections to jump on. For all we know they might have to chase the market later and/or be left in the dust.
Sure there will be "corrections". Question is how deep they will be and whether those who sold early will be able to catch up. Too many people wait for corrections to jump on. For all we know they might have to chase the market later and/or be left in the dust.
I have no idea what's taking it so long. Few large players doing strange things are the best I can think of -- apart from maniac trend followers.
I'm selling down to reserves and turning bear.
Whatever the market state: the sentiment on this forum, IRC, reddit, wherever I look is in bubble state. Just read all this... I mean... what the heck.
I'm selling down to reserves and turning bear.
Whatever the market state: the sentiment on this forum, IRC, reddit, wherever I look is in bubble state. Just read all this... I mean... what the heck.
Not to burst any speculative bubbles, but perhaps the "correction" is a correction in the assumptions we have about bitcoin and it's economy?
LOL this (and other threads) are so emotional.
The more emotions you have about this the more money you will lose (or not earn).
The more emotions you have about this the more money you will lose (or not earn).
It's already correcting...upwards 
Everyone read this again.
Still a green candle yesterday.
Correction is happening now!
Newtonian mechanics where are you!?!!?
No correction?
Did you see that skyrocketing, record-breaking volume daily red candle, in dollars? If that was not a correction, I don't know what is, and yet, it happened in the past month.
Did you see that skyrocketing, record-breaking volume daily red candle, in dollars? If that was not a correction, I don't know what is, and yet, it happened in the past month.
Has anyone else noticed that if you check the Fast Cash for Bitcoins thread it appears that Tangible Cryptography isn't have any trouble at all finding people who want to sell bitcoins, but in spite of that downward pressure the price is still going up?
The growth so far appears linear. Wait until we go parabolic.
+1, on a few month, log scale graphic, there is no bubble yet.. maybe if it goes to 40-50 too fast we'll see a bubble/correction, but not yet on my radar !
Well, right now it's...awe, never mind.
Lol, +1. I saw the dip down below $25, and thought, "hmmm... that's not gonna last judging by the last few days" Jump to: