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Title: What part of the First Selloff are we at right now? Post by: Elwar on November 11, 2013, 06:41:45 AM What part of the First selloff are we at?
https://i.imgur.com/ag4I6or.jpg Title: Re: What part of the First Selloff are we at right now? Post by: TERA on November 11, 2013, 06:49:09 AM Title: Re: What part of the First Selloff are we at right now? Post by: ajax3592 on November 11, 2013, 07:22:20 AM @ Tera
You mean to say it will fall more in the next few days ? I'm looking to buy my first 4BTC Title: Re: What part of the First Selloff are we at right now? Post by: TERA on November 11, 2013, 07:42:17 AM no... I think this is one of several small corrections on the way up.
Title: Re: What part of the First Selloff are we at right now? Post by: Missionary on November 11, 2013, 07:46:29 AM The chart in the OP is not relevant. Bitcoin is a technology. Did you see the use of e-mail go into the "denial phase"?
Title: Re: What part of the First Selloff are we at right now? Post by: TERA on November 11, 2013, 08:04:18 AM The OP's chart applies to pump and dumps. bitcoin is growth.
Title: Re: What part of the First Selloff are we at right now? Post by: freequant on November 11, 2013, 08:13:29 AM So now we are at "return to normal".
Hmmm, time to sell :| Title: Re: What part of the First Selloff are we at right now? Post by: Tzupy on November 11, 2013, 10:22:18 AM IMO we are going to hit the bottom of corrective wave A in about one day, we are now at the end of the second
ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped, so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it. Title: Re: What part of the First Selloff are we at right now? Post by: Miz4r on November 11, 2013, 10:27:56 AM IMO we are going to hit the bottom of corrective wave A in about one day, we are now at the end of the second ascending sub-sub-wave that precedes the drop. The drop could begin with a flash crash, but I'm not sure, am curious to see how Gox and other exchanges will 'perform' this one. But no one knows how many coins are going to be dumped, so the actual bottom of this is a big unknown. That bottom is a good buy back position, because a strong rebound follows it. Let's all watch and see how wrong you are. :P Title: Re: What part of the First Selloff are we at right now? Post by: elasticband on November 11, 2013, 10:37:38 AM what happened 6 months ago or 2 years ago is irrelevant, so many factors have changed since then.
Title: Re: What part of the First Selloff are we at right now? Post by: Enky1974 on November 11, 2013, 11:03:55 AM We are at the beginning of the take off phase with institutional investors that are starting to notice bitcoin as a new asset where to invest.
Title: Re: What part of the First Selloff are we at right now? Post by: Zangelbert Bingledack on November 11, 2013, 11:26:31 AM Quote Two things about this diagram. 1) The gray dotted line can be at different angles. In Bitcoin's case the line should be tilted upward quite a bit more, changing the whole shape of the curve. In the early 2013 bubble, for example, "return to mean" happened about 10x higher than "takeoff." Here's a terrible MSPaint scribble of what I mean: https://i.imgur.com/3RkkU6Z.jpg 2) This actually plays out fractally in the markets on various timescales. You can see the familiar shape on the monthly chart, or on the weekly chart. Title: Re: What part of the First Selloff are we at right now? Post by: Siegfried on November 11, 2013, 11:46:38 AM The chart in the OP is not relevant. Bitcoin is a technology. Did you see the use of e-mail go into the "denial phase"? I share your view. Title: Re: What part of the First Selloff are we at right now? Post by: accord01 on November 11, 2013, 01:09:36 PM we're at the part where the people that sold over the weekend are buying back at a loss
Title: Re: What part of the First Selloff are we at right now? Post by: perlboy on November 11, 2013, 01:21:54 PM we're at the part where the people that sold over the weekend are buying back at a loss And the people that bought at the bottom are selling for the profit while holding their original BTC stash untouched. ;) Title: Re: What part of the First Selloff are we at right now? Post by: notthematrix on November 11, 2013, 01:26:49 PM what happened 6 months ago or 2 years ago is irrelevant, so many factors have changed since then. agreed :) , the diffrence is known amount in circulation vs unknown. dollar , gold , silver = unknown amount bitcoin = known amount, |
