If Lucif was behind the DDossing, then we could blame him. Selling at the top is not something you can plan in advance. there was a possibility that some out there was still holding 100.000+ BTC and needed the money fast.
The only one knowing the potential of the market is GOX and they are quite tight lipped, as tipping insiders would kill off their cash cow fast, someone would know.
Gox is smart enough to imagine that intelligence could be interested in monitoring their emails as there are money involved, and doing insider trading that leads to real money being lost for real people is still fraud under real law
Buying and selling virtual currency on an exchange under the false pretense of fair terms, would make Gox liable. They know that and don't do it.
Topic: Yet another analyst :) - page 67. (Read 269580 times)
Quote
Lucif wondered of there would be enough buyers for the amount of bitcoins he had.
That means that he must have had a considerable amount.
If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
That means that he must have had a considerable amount.
If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
What rough amount of Bitcoins would have such an impact on the market if he really had that much?
It was a bubble. If it wasn't we would have just correction, not circus.
Price was going to double in 4 days 200->400$. It was obvious to put short, i guess greed covered our eyes that we wanted to risk more hoping price will rise more.
For me there are 2 lessons here:
1-2-3-4-5 works. I thought - bullshit, why not 6-7, or just 3-4.
Second - price can't double 2x in 4 days.
Price was going to double in 4 days 200->400$. It was obvious to put short, i guess greed covered our eyes that we wanted to risk more hoping price will rise more.
For me there are 2 lessons here:
1-2-3-4-5 works. I thought - bullshit, why not 6-7, or just 3-4.
Second - price can't double 2x in 4 days.
No, that was a bad-ass call. Props to Lucif & Bright Anarchist. They have made more sense than just about anyone else on this forum.
Lucif wondered of there would be enough buyers for the amount of bitcoins he had.
That means that he must have had a considerable amount.
If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
That means that he must have had a considerable amount.
If he dumped them all at the same time, obviously he was the one who started the panic sell.
There is no prediction here, it was a self-fulfilled prophecy after all.
this
Yes. I am 100% out. No matter where it will go next, I worry i will not find a buyer for my volume for any price above.
have you known more then we all or only had a the feeling that...? he knew ...
@lucif Stop spreading fud. You failed 100 times, and succeded once by chance or by self-fulfilled prophecy. Why people here have such a selective memory.
@Majoman you learned economic in this thread? lol
@Majoman you learned economic in this thread? lol
butthurts, butthurts everywhere
Yes. I am 100% out. No matter where it will go next, I worry i will not find a buyer for my volume for any price above.
have you known more then we all or only had a the feeling that...? 
@lucif Stop spreading fud. You failed 100 times, and succeded once by chance or by self-fulfilled prophecy. Why people here have such a selective memory.
@Majoman you learned economic in this thread? lol
@Majoman you learned economic in this thread? lol
How interesting to watch people be together. "We did it", "We almost at 300", etc..
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
Most importantly, theyll hate themselves... and thats when shit get serious...
This thread has taught me quite a lot about economics, thanks for that! :)
No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
30-50 is fair price today imho.
looks as if it goes to 120 today
How interesting to watch people be together. "We did it", "We almost at 300", etc..
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
When major dump will start, everybody will become enemy to each other. They will hate dumpers, but all of them are dumpers. They will hate each other.
I like you!
<3
No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
30-50 is fair price today imho.
Another big crash later on today then Lucif?
The very fact that nearly everyone is still insanely bullish implies that the price needs to continue declining from the $266 peak for a while to complete a proper correction
give it time
No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
30-50 is fair price today imho.
Another big crash later on today then Lucif?
No data in feeds. Everything went down. But in what i see at bitcoincharts - there is a bearish pennant with target at around 50.
30-50 is fair price today imho.
30-50 is fair price today imho.
Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
No, it can't, because wave 4 never enters the price territory of wave 1. Cardinal rule.
Yes, it can! Because I'm not talking about a 4th wave now am I? I said (1) of [3] which can enter the price territory of [1]. This is because the beginning of this possible (1) started at $1.994, and can retrace up to 100% of wave-(1).
Also, I never said it was the most likely scenario, but it is possible.
[ quote author=firstcrypto link=topic=131065.msg1799792#msg1799792 date=1365649477]
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.
[/quote]
Do you have trouble reading body language or emotions in general? Do you become really fixated and obsessed with activities that involve a high degree of repetition?
Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.
[/quote]
Do you have trouble reading body language or emotions in general? Do you become really fixated and obsessed with activities that involve a high degree of repetition?
Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
No, it can't, because wave 4 never enters the price territory of wave 1. Cardinal rule.
Should we expect the wave behavior of this crash to be similar to the crash from $30 back in 2011, or does EW analysis indicate a different behavior this time? (Or is it to early to surmise?)
lucif thinks $32 should hold if this entire move is a high-degree 4th wave (the first bubble would be wave 1 and this last bubble wave 3)
personally I think only equity indices have long-term counts, and due to the strong correlation, i think bitcoin could easily end up going down with the index when it turns - far more than anyone else thinks it will. So i'm not getting back into BTC yet...
we shall see what happens
I would just like to note, If this turns out to be the top of a Minor (1)-wave of the Major [3]-wave (Where the $31.9099 peak was the top of the Major [1]-wave) we can most certainly see any price between here and $1.994 during this correction without invalidating the Bullish counts.
But it seems mostly plausible considering the time scales involved that the 31.9 peak was Major 1, the 1.994 Major 2, This peak at ~260 Major 3 and that we are now headed against Major 4. Depending what kind of correction this will be determines a little bit how low this can go. A lot of the 4th wave corrections have been those ascending bull triangles which would mean the largest drop is already finished. If its a standard ABC im not sure how deep its allowed to go without invalidating EW principles. For certainly not past 31.9. No matter what wave count this will be interesting and the third leg will come. Sentiment will be reset just enough by this fall to facilitate third leg. Sentiment even at the peak here was not euphoric in any sense which clearly indicates that there is room for more growth.
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