Topic: Where is the damn correction??? - page 2. (Read 4502 times)
Well, right now it's...awe, never mind.
Speculations
Maybe there is just way more demand then supply. .!,!.
Maybe there is just way more demand then supply. .!,!.
I think we touch $30 sometime this weekend, and drop back to $18-$20 range by Monday.
It's coming...there is a whole lot of greed in the air around here
"Be greedy when others are fearful and fearful when others are greedy" -Warren Buffett
"Be greedy when others are fearful and fearful when others are greedy" -Warren Buffett
No kidding. Just waiting for it to happen. tick, tock.
JESUS GOD MAKE IT STOP!!
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
...
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
...
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
I think in electronic trading era, flash crash like those happened in stock market may 2010 will become a norm, unless exchange have some daily range limit
This IS the correction! from the drop to $2
So, bitpay receives 500,000 from investors and you think that they are the only ones receiving money here?
I'm sure those same investors invested another 500,000 OR way more in pure bit coin knowing that the BTC would move up... why wouldn't they?
Anyways, that's just a tiny piece of evidence, if you don't want to see what's obvious...
I'm sure those same investors invested another 500,000 OR way more in pure bit coin knowing that the BTC would move up... why wouldn't they?
Anyways, that's just a tiny piece of evidence, if you don't want to see what's obvious...
Entities investing $500K are not the same as the people who "have numbers to reach at the end of the month and profits to report". The former group of people are not constrained by any kind of pattern, so there is no reason to expect them to initiate a correction; some could be range traders, some could be long, etc. The latter usually prefer mature markets and don't get to experiment with pocket change; I don't see any evidence of such institutions having positions in BTC.
It happened already, it shot up to nearly $22, then corrected to $18. There would be another correction coming if it shoots up to $27.50
Not sure if this image link will work, taken from my trading blog at http://afbitcoins.wordpress.com
As long as we stay within this channel we'll keep going up, if it looks like breaking down out the bottom at any stage then I think you'll get your correction.
There will be corrections, as soon as doubt starts creeping in with enough people who've just gone long plus people who want to take profits, could easily snowball. I think would be shortlived though. Ultimately I think we are starting another mania like the 2011 one, which will go a lot higher this time. Won't be the last mania either. Only in my humble opinino, but what the f do u i know?
As long as we stay within this channel we'll keep going up, if it looks like breaking down out the bottom at any stage then I think you'll get your correction.
There will be corrections, as soon as doubt starts creeping in with enough people who've just gone long plus people who want to take profits, could easily snowball. I think would be shortlived though. Ultimately I think we are starting another mania like the 2011 one, which will go a lot higher this time. Won't be the last mania either. Only in my humble opinino, but what the f do u i know?
I have some "fiat" ready to buy me a new stack of BTC if THE price goes down ...
And will not sell my mined BTC before 2016 ...nomatter what ...
It is à worldwide system so only à small change will Give big effect to THE value ..
( Damn what would happen if let say Pokerstars adopt BTC in to there payment system..)
And will not sell my mined BTC before 2016 ...nomatter what ...
It is à worldwide system so only à small change will Give big effect to THE value ..
( Damn what would happen if let say Pokerstars adopt BTC in to there payment system..)
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
...
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
...
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
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
No, that will draw speculators like flies on shit.
It's easy to say than done, if price in a week dropped below $10, I'm sure the sentiment will totally be negative, you will see how many doomsayers there will be
Speculators can make money whether the price is going up or down.
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
The growth so far appears linear. Wait until we go parabolic.
There will be one, just a lot of people with fear of missing the boat that are buying now.
I believe there won't be one for at least a few days.
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
No, that will draw speculators like flies on shit.
It's easy to say than done, if price in a week dropped below $10, I'm sure the sentiment will totally be negative, you will see how many doomsayers there will be
n, however, big investors work mostly on short term goals, they have numbers to reach at the end of the month and profits to report,
where does this concept come from? Bitcoin is not some wall street mutual fund investments vehicles, big or small, most are just individuals.Mmmm this concept comes from investors that move large sums of money for a living.
Where does your knowledge comes from when you claim that bitcoin are mostly just "individuals"?
Have you checked the transactions in block chain? I see 20,000-70,000BTC transactions on a daily basis I doubt "individuals" are moving that amount of BTC in single transactions.
20k BTC is merely 400~500k, that size is too small comparing with any real financial institutional transactions,and they may not be individuals, but I do not see any evidence supporting the existence of big chuck of "investors with short term goals", I am sure there are some, but the current bitcoin transaction volume couldn't support a large pie of "investors that move large sums of money for a living"
http://www.forbes.com/sites/jonmatonis/2013/01/07/largest-bitcoin-payment-processor-raises-510000-angel-round/
So, bitpay receives 500,000 from investors and you think that they are the only ones receiving money here?
I'm sure those same investors invested another 500,000 OR way more in pure bit coin knowing that the BTC would move up... why wouldn't they?
Anyways, that's just a tiny piece of evidence, if you don't want to see what's obvious...
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
A lot of people are looking at what happened to the price last year and are kicking themselves for not buying at the bottom. I expect any dips to be short-lived because any significant downturn will cause more people to buy.
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