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let the weak hands feed the strong.
Sure, you will be able to buy bitcoins at the same price as 3 weeks ago  lol its nice to see some bears in here finally. Adam, take your uber-bull hat off, before it's too late! |
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ouch! Number? Hash? Time? Transactions? Total BTC? Size (kB)?
268861 45cfd7571a... 2013-11-10 16:08:57 469 19461.57057709 247.521
268860 5ca67e7f15... 2013-11-10 15:57:23 371 12132.8603931 187.936
268859 db9fcddda9... 2013-11-10 15:49:20 102 4549.8214365 65.753
get ready! Do you mean 20k extra coins will get dumped on Gox very soon? |
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So you're saying China is mostly a bunch of weak hands? That's not good news.
Actually, it is good news - for the bears! |
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The theoretical top for Gox was 378$, because of low volume it couldn't climb higher. China went up a lot at the same time.
And then the rebound on Gox climbed higher than the top, to 395$, because the volume and bullishness returned. Crazy!
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IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.
Calm down, the price just went down a bit. The drop would be even smaller if not for all those panic losers. China looks quite stable, looking at their market I wouldn't even call it a crash. You misunderstood me. I was calm, since I had sold at 350$ before posting. My point was that the market could have chosen to go up to maybe 500$, but IMO now we are going down again. |
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Bitcoincharts has been down for over an hour. Someone else able to access it? PS. It's working again, what a relief! |
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IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.
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We are now in an ascending sub-sub-wave, so obviously for now we can't crash further.
But it remains to be seen if the uptrend will resume, after the next sub-sub-wave it should be clear.
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Looks like we'll go deeper. How deep, this is the scary question.
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4 am here too. This market has no respect for people's sleep hours!  |
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This is gaining momentum. I cancelled my buy order at 280$, waiting to see how deep it goes.
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Should I buy back now? Sold at the price of 394 out of 395.
The market already answered: wait for the bottom. I wonder if this bottom will be prolonged or just a flash crash. If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom. Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume. I fell asleep waiting for further drops and just woke up. This doesn't look like a replay of the 217$ to 177$ drop. But so far I haven't seen the avalanche of coins required to pop the bubble, so I'm not sure (and sleepy, it's about 2 AM, my time). |
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Should I buy back now? Sold at the price of 394 out of 395.
The market already answered: wait for the bottom. I wonder if this bottom will be prolonged or just a flash crash. If this is going to be similar to the drop from 217$ to 177$, then it's going to look like a tumbling knife and take about a day to drop to the bottom. Funny that it started on Gox, and I had expected it in China, but I forgot that China was still asleep, and very low volume. |
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Should I buy back now? Sold at the price of 394 out of 395.
The market already answered: wait for the bottom. |
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In China, a local drop in money flow should reach a bottom in about an hour, could be the start of a correction.
what do you mean? I mean that when a correction is expected, and the money flow index is at a local low, it's a good time for a correction to start. If the correction is about to end, then a local low in money flow is a good time to buy back, because is going to go up again. |
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In China, a local drop in money flow should reach a bottom in about an hour, could be the start of a correction.
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I was talking about the volume on Gox being low so far, I see that volume in China was high.
Because the climb on Gox (to 378$) was underwhelming, the rebound ended up higher (385$) than the theoretical peak.
If Gox would have had better volume, the peak should have been closer to 400$.
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Well, so far volume has been low, not sure what to infer from this.
On the 24th October the volume was very high, maybe today the most volume is still to come?
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I'm not sure what you mean by '150k correction', that could take us down to 50$. A 'normal' correction that should happen very soon could go down to 300$, maybe 280$ (fingers crossed  ). |
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When the right price will be reached, there could be a mass sale of 100k.
But that 'right price' could be 500$ or more, if 385$ wasn't the very peak.
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