Wow - nobody want to ask "what is this"? I though there was no votes 'cause no posts.
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How do you know ? the crash has not started yet....
It is borderline possible that the "big crash" just started, but even if this is the case, BTC is not going below $250 and it takes no more than 4 months to surpass the old highs. I just don't see the reason for big players to move just yet. Even I haven't moved or sold a single bitcoin during 200->600, because it is just too difficult to buy back in quantity. At 1500 it will be different, because there is money to be made after it crashes to 500. By playing only big moves and playing them right, you gain much more than by worrying every 25% change in price. When Gox was down in 11th April, I personally walked around the town buying goxbux and bought at $62-$90 next day. I think I made hundreds of BTC profit that week. I haven't made any profit since. This is not to underline how good I am. Just that you (collectively) would spend more time thinking and only execute the plan when you have one + the circumstances are right. All those bitcoins came from the pockets of those whom I try to educate ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Just half an hour ago, the whole ask orders are around 1000 BTC in BTCChina, but now there're 1600BTC up to 3990 CNY now. It seems a quick small correction attracts quit a lot sellers.
Just wait to see what happens when 60k coins are rapidly dumped as it happened on April, 10th. It will be interesting to see how this affects the market when it happens. In "optimal" circumstances, it will drop the market to about its trendline, at most 25% below it. In other words, now it would go to $250-$350 area. I would not waste my coins just yet, if I were a market manipulator... ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Were there actually any whales dumping? Didn't notice to see if there were any 500/1000 BTC dumps. I just saw a lot of small (50 btc) dumps.
50btc are the new whales (snort!) Oh, craps, you are right. When I started, kilo was the basic unit and 10k was called a wall.
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LOL government does not even need to endorse bitcoin in order to kill it, they just need to say they would ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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550 tryng to hold... if not.. sub 500 coins???
The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low? That's the confirmation I've been waiting for. How do you feel about sub $100 coins ? I think he was joking. samson has something against me. We were above 500 in the most reliable exchange (Bitstamp) for only 3 hours. So how could I be serious?
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550 tryng to hold... if not.. sub 500 coins???
The idea of sub-500 coins horrifies me. Who could have ever thought we would descend so low?
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I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??
Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever. If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Didn't you sell yourself some time ago? Yes. The selling was according to my divestation plan, but the timing was unforgivingly bad. Following the plan with clear head and analysis, I would probably be selling right now. Instead I sold way too early (in monetary terms, even though it's only a few months) and therefore don't have a new house for Christmas ![Cry](https://bitcointalk.org/Smileys/default/cry.gif)
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I dont know anything about trading, just some month studing it for btc, i suppossed it was easier to predict a crash but I now know its not :-). most of you didnt sold on april??
Typical wannabe smart traders sold in February, held in March, bought in early April, held during May and June, even during July drop, and sold in September. Bought back in October, are now holding or perhaps already sold. Losing in every stage. No plan whatsoever. If we take the population who had any bitcoins in the beginning of 2013, do you honestly think many of them have more bitcoins now? The oldtimers can remember what was their greatest number of bitcoins, and how many they have now. Not many can increase their stash, except by buying and refusing to sell. That way it is slow, but actually very easy ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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LOL what a dump: 1.5k BTC -> 12% down ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I would like to be in the bubble-pricking team when the time comes after a few weeks ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Just note that every significant "crash" in the past has been triggered by major exchange failure. Now, to achieve similar results you would need to have all the exchanges down/hacked at the same moment.
I disagree the 2011 crash was caused by exchange failure. It's debatable, but the mtgox hack and week-long shutdown was well after the top was reached. I think that neither was the "first crash of 2013". It was a bubble, it deserved to pop. It popped. Here we are. Soon we have a bubble. Then it will pop. Etc. etc. Circumstances have their role but they do not change the fundamentals nor the technicals.
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I dont need the money ive invest in BTC, my plan is to keep it some years. The question is if the price crash and drops 50% i would win the double selling and buying at smaller price. I would have 2x BTC when the price rises again..
Tell me when you have it. Dreamer. There is no one in the whole forum who has succeeded in that, however easy it sounds. I started online trading 15 years ago and have twice in my life been able to increase the number of BTC by more than 2%. Even that beats the average.
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Do the wallets support this (when will they)?
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Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...
Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating. If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'. If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon. Whether it is a peak or a dip, construct a rising exponential trendline and follow it. Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade. Im still accumulating, but trying to sell on peaks to buy later cheaper, ive sold almost all at 400 but finally bought again at 500 and now i dont really know what to do, im a beginner... looks like it going up to maybe 1k i dont want to lose the train lol, neither the crash explode on my face ;-) If you are still accumulating, don't sell! Easy as that. Also since you are accumulating, when the crash hits, just refresh your wallet balance every 5 seconds. As long as it stays the same, you are doing good. If you scrape some cash to buy some more, you do even better. WTF is wrong with this generation that sees a purpose in selling all that they have.. Why buy in the first place if you don't want it...
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successful bitcoiners[/b] who daytrade.
daytrading works on high volatility days when crashes and corrections occur. If the price is making 15%+ swings, this will give you enough room to pay your commissions and have a margin of error to make mistakes and still profit. How much did you make daytrading (y-t-d), and how much could you have made doing something else? ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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Its time to sell all?? its going to correct down? or it going for 700??? Cant sleep...
Depends on so many factors. I think, first of all, you decide whether you have already had your maximum number of bitcoins or are still accumulating. If accumulating, buy all the time and especially on dips. Now is not a 'dip', but it still qualifies for 'all the time'. If divesting, sell on peaks. If you are sitting on good gains, it might be good to start selling already. Sell a total of 20% in this peak that we will be having soon. Whether it is a peak or a dip, construct a rising exponential trendline and follow it. Do not swing-trade or daytrade unless you know. I don't know any successful bitcoiners who daytrade.
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What is nonsense regarding backwardation? (My guess - markets are so rigged that nothing just matters)
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No, he said that we would have definitely seen $300k per BTC by this year (2013), and that denying this was just a "denial of the facts". And he proved it by the kind of maths that show you that the Bitcoin singularity is coming super short term. My opinion about that was that it ($300k per USD this year) would have NEVER happened firstly and foremost just because the Bitcoin infrastructure (the exchanges, the blockchain itself) is not ready to support that kind of flash-growth (this seems painfully obvious to me), secondly because other circumstances (among which human psychology) make that kind of parabolic growth unsustainable. IMO what we are seeing is almost the optimum "cruise speed" we can reach. That said, I have to say that I'm enjoying a lot his latest posts and he looks to me much more reasonable ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Rampion was correct that $300k did not happen this year. The psychological mechanisms that I outlined are however still there, it just did not trigger yet. I currently consider that 2015-2016 is the time when we cross $300k on our way up. Of course parabolic growth is unsustainable I never said that it would be a smooth ride or that it would not end in a spectacular bubble before finding the stable valuation which takes years. Maybe my greatest contribution was to actually make the $300k figure mainstream. I remember it was met with suspicion and ridicule back in late April, when I introduced it. Now it seems that everybody is content with the idea. I disagree on the technology side. It would help tremendously to have Bitcoin ATM's in every corner, and a way for the early adopters to repatriate their gains effortlessly. But the price rise can happen regardless of that, and the ill-functioning infra just steepens the rise, because by restricting the fiat flows it squeezes the exchange rate up quicker than what would happen in perfect market circumstances.
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The weekly change 2 weeks ago would be on top-10 weekly moves chart ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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