Bitcoin Forum

From $900 all-time high price have fallen to $600. How deep do you think correction will go?
By my opinion it will be $500-600.

How is that a correction when we were at that same price point yesterday (500-600)?

I don't think it's done just yet...

Just weaker hands getting out.

This is healthy, we seriously need a correction. From 600-900 in just a few hours begs for a correction.

When the price starts recovering again, it will be more stable.

Haven't even hit a daily low yet, but I smell a lot of bacon frying right now.

No, the bubble didn't pop. Just a bunch of panic sells from pussies. It dipped from $900 to below $600, but now you can see it recovering. It's now $800 as I type this, all happening withing less than an hour.

And what's your opinion now?

+- 100 Hourly, not enought coins at exchanges, thus this volatility

May be it was a bear trap.

there was a moment that some good money could have been made. If I had the balls I would have sold at 8 or 900 and buy them all back now.

So close! My transfer to the exchange was at 5 confirmations.

Guess we won't know for sure for a few days (hours?).

Bears get skinned faster than ever these days.

Bull trap its been trending down over the past 3 hours...

China seems to think so.

It didn't even drop to the daily low.  It's not like we wiped out a month of gains.  This is just normal trading but since we are in higher numbers is feels dramatic.  Funny thing is it has already rebounded to $800+.  But then again, we all new it would slingshot back up now didn't we! Just need another day of deposits added to the exchanges. Does anyone not think it will be over $1000 (MtGox) in the next 48 or so hours? 

i think i'm the only one.

This. Both Coinbase and Bitstamp are effectively down, which would hobble those trying to buy.

This would be an excellent time for the US banks to move in to facilitate BTC brokers.

it's back to $800, it was a great buying opportunity but as usual i'm guessing most permanent bears missed out on it  :D

Thank god for cocky know nothing types on the internet with their pompous assuring comments.....

......except had I listened to you and bought at $800, I would be 30% underwater by now.

Back at $580  :o

Yeah thats right.

$490 LOL

Sell at this price before its too late !

and we are going UP!

LOL at people who lost money buying in around $900.

That's how it works, some people make money, others lose money.

And over $300 drop in 1 day has to be a record.

Now it's at $550.00. ???

https://www.gldtalk.org/devteam/bubble.png

This bubble keeping bouncing up and down. Pretty soon she's going to pop.  :D

only for a moment.

people who base their buying or selling decisions on information in this forum deserve all the pain they get. you need to filter through the crap to get some little bits of data and then use that thing between your ears which usually is busy eating.

i'm confused

what bubble, what pop?

it's higher than it was 2/3 days ago.

perhaps people need to study their terminology.

So was the $350 rise in 1 day preceding it.

Just another correction on the inevitable climb up.