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Title: Unless a boom happens in November, there will be a massive correction Post by: TaunSew on November 01, 2014, 03:28:59 PM Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet.
Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: MrBig on November 01, 2014, 05:08:18 PM Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet. Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower. Many people were expecting btc to increase exponentially this year. Not only does that not appear to be happening, but it looks like the price is going to end up much lower than it was in the beginning of the year. The people who were advocating that you can't lose if you buy btc and hold for a year for guaranteed profits have no legs to stand on. If we do break the old ATH of $266, then I think it's quite possible to see a big crash rather than the show bleeding of the price that we've been witnessing. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: JimboToronto on November 01, 2014, 05:22:30 PM Many people have been holding since January thinking the next upcoming November would be a boom. January? LOL Which year? November? ROFLMAO Why? Because they didn't even know about Bitcoin until last autumn's little rally in November? Perhaps you should quit thinking in months and start thinking in years. Noobs. Sigh. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: gentlemand on November 01, 2014, 05:25:17 PM And a fair few special cases were obsessed with an explosion on July 24th because it fitted some sort of 234 day cycle.
Astonishingly enough it didn't happen. The world kept on turning. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: mmortal03 on November 01, 2014, 09:05:59 PM The people who were advocating that you can't lose if you buy btc and hold for a year for guaranteed profits have no legs to stand on. That wasn't even true to begin with. In May 2012, yearly held bitcoins dropped into the red for a good while. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Malte on November 01, 2014, 10:09:28 PM This sounds plausible. On the other hand, it could be possible that most of the people sold by now. Are there any estimates how much additional money entered the market during the bubble phase anyway? Probably not possible to get this data. But don't forget that a lot of buying pressure might have been purely artificual due to willy bot (and willy bot will not sell).
Title: Re: Unless a boom happens in November, there will be a massive correction Post by: galbros on November 02, 2014, 01:12:26 AM Yes, I think the fact that we go a year and the price is not higher is bad. I'm more worried about why bitcoin hasn't rallied with more adoption. I'm increasingly worried that some exchanges are basically operating on a fractional reserve and will fail at some point.
Good Luck! Title: Re: Unless a boom happens in November, there will be a massive correction Post by: petersiddle98 on November 02, 2014, 01:40:57 AM Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet. Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower. I am not expecting a boom until 2016 due to the bitcoin halving. ASIC company are dumping bitcoin driving the price down too quickly.. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: cbeast on November 02, 2014, 01:44:44 AM Quote Unless a boom happens in November, there will be a massive correction Either the price goes up or it goes down. Is that what you are predicting? Sounds like a pretty safe bet. ::)Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Argwai96 on November 02, 2014, 04:25:53 AM Yes, I think the fact that we go a year and the price is not higher is bad. I'm more worried about why bitcoin hasn't rallied with more adoption. I'm increasingly worried that some exchanges are basically operating on a fractional reserve and will fail at some point. Well the short term affects of higher adoption is a lower price, as merchants who accept bitcoin sell off the bitcoin they receive on the exchanges. Over time higher adoption will cause the price to increase as more people buy bitcoin and hold onto while prior to spending itGood Luck! Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Beliathon on November 02, 2014, 02:44:47 PM The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes.
http://a1.s6img.com/cdn/0010/p/2531098_8625183_lz.jpg This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: cuddaloreappu on November 02, 2014, 03:10:14 PM The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes. http://a1.s6img.com/cdn/0010/p/2531098_8625183_lz.jpg This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason. the one thing I will never disagree with u Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Silly Money on November 02, 2014, 03:23:49 PM Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet. Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower. Lol, why would a boom come this november? What are 'they' basing this off? Hope? Nobody is going to start pabic selling for no reason, especially just because their boom hasnt magically happened. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Remember remember the 5th of November on November 02, 2014, 03:36:14 PM The boom is the correction. For four years now bitcoin has been - and will continue to - correct upwards toward its true relative intrinsic value of infinite fiat scrip promissory notes. Why that single nebulae? :Phttp://a1.s6img.com/cdn/0010/p/2531098_8625183_lz.jpg This is inevitable because our world is becoming less violent and more reasonable as we socially evolve. As nations derive their power from violence, and back their money with violence, it is natural that these fiat violence-notes will slowly approach worthlessness as we approach a world governed solely by reason. Why not the whole universe? http://www.astr.ua.edu/keel/galaxies/abell2218hst.gif Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Beliathon on November 02, 2014, 03:43:16 PM hy not the whole universe? First humanity must master responsible stewardship of our home planet. We've got a long way to go. Ethically speaking, only then should we consider attempting to spread to other worlds.Title: Re: Unless a boom happens in November, there will be a massive correction Post by: arbitrage001 on November 02, 2014, 03:50:31 PM Last hope is December this year on the ETF. When the last hope is gone, so too will the price.
A massive correction will benefit the few who has the balls to buy when everyone is selling. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: thms on November 02, 2014, 04:45:54 PM Last hope is December this year on the ETF. When the last hope is gone, so too will the price. A massive correction will benefit the few who has the balls to buy when everyone is selling. I'm so waiting for this correction, I'll buy a hundred when it's below $50 :D Title: Re: Unless a boom happens in November, there will be a massive correction Post by: Tzupy on November 02, 2014, 04:48:47 PM Last hope is December this year on the ETF. When the last hope is gone, so too will the price. A massive correction will benefit the few who has the balls to buy when everyone is selling. I'm so waiting for this correction, I'll buy a hundred when it's below $50 :D Actually, if it drops that low many people, myself included, might get out for good. Price can't drop that low without some catastrophic reason, which I hope won't be the case. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: piramida on November 02, 2014, 04:50:16 PM Many people have been holding since January thinking the next upcoming November would be a boom. Here we are - it's November and no boom yet. Many people might start panic selling within the next 60 days and this could drive the price down to $100 or lower. Many people have been holding fiat since January thinking the next upcoming November would be a crash. Here we are - it's November and no crash yet. Many people might start panic buying within the next 60 days and this could drive the price up to $10000 or higher. See? Even more substantiated post than yours! Title: Re: Unless a boom happens in November, there will be a massive correction Post by: thms on November 02, 2014, 04:54:55 PM I'm so waiting for this correction, I'll buy a hundred when it's below $50 :D Actually, if it drops that low many people, myself included, might get out for good. Price can't drop that low without some catastrophic reason, which I hope won't be the case. this means you actually don't believe in bitcoin. Title: Re: Unless a boom happens in November, there will be a massive correction Post by: kwukduck on November 02, 2014, 06:01:55 PM Many people have been holding since January thinking the next upcoming November would be a boom. January? LOL Which year? November? ROFLMAO Why? Because they didn't even know about Bitcoin until last autumn's little rally in November? Perhaps you should quit thinking in months and start thinking in years. Noobs. Sigh. All long term indicators scream it's going to single digits and lower so how do you defend your position? Title: Re: Unless a boom happens in November, there will be a massive correction Post by: inca on November 02, 2014, 06:05:50 PM All long term indicators scream it's going to single digits and lower so how do you defend your position? Perhaps if we exclude transaction statistics, wallet numbers, VC funding, merchant integration, hash rate and focus on the price in isolation. Even then what exactly are you wittering on about? Title: Re: Unless a boom happens in November, there will be a massive correction Post by: piramida on November 02, 2014, 06:52:00 PM All long term indicators scream it's going to single digits and lower so how do you defend your position? Oh? Now that's something fresh :) Which ones? Do you mean fallllling as a long term indicator, or you have some better ones? Title: Re: Unless a boom happens in November, there will be a massive correction Post by: biggus dickus on November 02, 2014, 07:00:25 PM All long term indicators scream it's going to single digits and lower so how do you defend your position? Oh? Now that's something fresh :) Which ones? Do you mean fallllling as a long term indicator, or you have some better ones? None of the technical analysis threads mention any indicators that scream it's going to single digits and lower. Only falllling and a few other extreme bear trolls are screaming that. I doubt you can post some links to back up your claims. |
