why no harder crash ? - page 3. | Bitcointalksearch.org

pbody

full member

Activity: 198

Merit: 100

Quote from: pera on December 17, 2013, 08:16:16 PM

a short stabilization means nothing at this point, the downtrend is pretty clear.

very true. I dont see how people can trade on m charts. You really have to look at at least a 4hr to get a good idea of whats going on. A day chart is even better since its usually a single news story that moves the market.

What Im still unsure of is why it shot up so quick in the first place. Kinda fishy.

aminorex

legendary

Activity: 1596

Merit: 1029

Sine secretum non libertas

Quote from: pera on December 17, 2013, 08:16:16 PM

Quote from: aminorex on December 17, 2013, 07:58:55 PM

Quote from: pera on December 17, 2013, 07:56:09 PM

b-but it is crashing Tongue

Excuse me, but that chart shows an uptrend: A sequence of higher lows.

really? and what about this one?

a short stabilization means nothing at this point, the downtrend is pretty clear.

That's a failing downtrend, bottoming out.

MatTheCat

hero member

Activity: 840

Merit: 1000

Quote from: jamesc760 on December 17, 2013, 09:24:10 PM

It's forcing out short-term traders and weak-hands. It will make BTC stronger. Just hold on to your bitcoins until Jan'2014!

I heard this kind of 'forcing out weak hands' crap from the silver rampers all the way down from $50 to $18 or whatever it is now.

JimboToronto

legendary

Activity: 3990

Merit: 4460

You're never too old to think young.

Pretty biased bearish choice of options.

Why didn't you include the obvious?

- This isn't a crash, just an adjustment.

- This dip was based on misinterpreted news and people are smartening up.

- Panickers ran out of coins to dump.

Xer0

hero member

Activity: 826

Merit: 1000

°^°

Bitcoin™

jamesc760

sr. member

Activity: 448

Merit: 250

It's forcing out short-term traders and weak-hands. It will make BTC stronger. Just hold on to your bitcoins until Jan'2014!

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: 600watt on December 17, 2013, 07:23:51 PM

we all knew november couldn´t last forever. the epic rise was to be followed by an epic crash. only this correction wasn´t really THAT epic at all (so far?).

if this is all, bitcoin is made of steel.

600watt, because the reality of the situation is unclear. I have a sinking suspicion that more bad news is around the corner from China.

pera

sr. member

Activity: 532

Merit: 261

バカ

Quote from: aminorex on December 17, 2013, 07:58:55 PM

Quote from: pera on December 17, 2013, 07:56:09 PM

b-but it is crashing Tongue

Excuse me, but that chart shows an uptrend: A sequence of higher lows.

really? and what about this one?

a short stabilization means nothing at this point, the downtrend is pretty clear.

pera

sr. member

Activity: 532

Merit: 261

バカ

I think the main problem right now is that most people don't know what to believe about the news from China, something similar happened when we went from 1200 to 860 and then back to 1150 because "it's good news morons!"... I'm not saying that the price is being controlled by redditors, just giving it as an example of how difficult is for the market to interpret some news.
At this point there are already enough sources (CCTV, Sina, even Coindesk) "confirming" what could be really bad news from the long-term pov, but I think it could take 48hs more to see some real action in the market. Meanwhile the price is oscillating and some daytraders are still making money

nastybit

newbie

Activity: 42

Merit: 0

bitcoin follows no pattern, clearly!

Odalv

legendary

Activity: 1400

Merit: 1000

I think the crash is hard enough. ("imagine" you have 10k BTC then you did lose 10,000 BTC * $(1200-600)/BTC = $6M USD )

imbladednow

hero member

Activity: 481

Merit: 500

Woking as a binman sucks.

Quote from: aminorex on December 17, 2013, 07:57:47 PM

Most of the bitcoins are held by persons who are not inclined to take profits until the price of bitcoin exceeds its fundamental value,or least comes closer to it.

Very true, selling and hoping price go lower seems risky to me

aminorex

legendary

Activity: 1596

Merit: 1029

Sine secretum non libertas

Quote from: pera on December 17, 2013, 07:56:09 PM

b-but it is crashing Tongue

Excuse me, but that chart shows an uptrend: A sequence of higher lows.

aminorex

legendary

Activity: 1596

Merit: 1029

Sine secretum non libertas

Most of the bitcoins are held by persons who are not inclined to take profits until the price of bitcoin exceeds its fundamental value,or least comes closer to it.

pera

sr. member

Activity: 532

Merit: 261

バカ

b-but it is crashing Tongue

lambdaE

sr. member

Activity: 251

Merit: 250

I believe there is no reason for harder crash at all, unless some really negative news come

John999

newbie

Activity: 2

Merit: 1018

Quote from: 600watt on December 17, 2013, 07:23:51 PM

we all knew november couldn´t last forever. the epic rise was to be followed by an epic crash. only this correction wasn´t really THAT epic at all (so far?).

if this is all, bitcoin is made of steel.

Yes it wasn't that epic (yet?) but in around 2 weeks we lost 40% of the ATH price. And nothing indicates that the downtrend is over.

600watt

legendary

Activity: 2338

Merit: 2106

we all knew november couldn´t last forever. the epic rise was to be followed by an epic crash. only this correction wasn´t really THAT epic at all (so far?).

if this is all, bitcoin is made of steel.

Topic: why no harder crash ? - page 3. (Read 3951 times)