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Question: Are the price increasing too fast, are we due for a correction ?  (Voting closed: February 02, 2013, 11:56:54 AM)
Yes, the price have increased too quickly, we will soon se it fall to 18ish and stabilize there. - 21 (14.2%)
It will stabilize at 20ish - 44 (29.7%)
It will increase to 22ish, then fall back to 18-19ish - 33 (22.3%)
It will peak to 25 before the end of the day - 19 (12.8%)
We will have a mini crash and some panic, price going down to 16ish before the uptrend resumes - 31 (20.9%)
Total Voters: 148

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Author Topic: Are we due for a correction ?  (Read 2879 times)
Herodes
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January 31, 2013, 11:56:54 AM
 #1

Let's see what the people think!
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mp420
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January 31, 2013, 02:16:40 PM
 #2

I think there will be a bubble that's going to take the price way higher, $50 or $100 even, and then a massive crash down to around $10 to $20.

This is based on a gut feeling only.
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January 31, 2013, 02:18:29 PM
 #3

I think there will be a bubble that's going to take the price way higher, $50 or $100 even, and then a massive crash down to around $10 to $20.

This is based on a gut feeling only.

I go for mp420's option.  Funny it wasn't included in the poll.  I think the peak will be $50+

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January 31, 2013, 02:27:47 PM
 #4

How about a really bearish option?  Btc will correct to single digits (under $10USD) in the short to medium term.  $16 is hardly even a major correction at this point.

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humanitee
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January 31, 2013, 02:36:05 PM
 #5

Absolutely not.

Did you miss what happened when we tried that last week? Huge volume down, didn't dent the price. Obviously Bitcoin is now worth at least $16 to a lot of people.

Sorry bears, the writing is on the wall but you can't read it because you are a bear.
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January 31, 2013, 03:55:16 PM
 #6

Yup.  I expect a bunch of smaller crashes, followed by an eventual large crash down to single digits. The faster we go up, the more this is likely IMO.
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January 31, 2013, 04:05:57 PM
 #7

Yup.  I expect a bunch of smaller crashes, followed by an eventual large crash down to single digits. The faster we go up, the more this is likely IMO.

lol single digits ... i miss that feel



I actually think we had a correction on the 24th of this month. Then more Dollars wanted to be saved from Inflation. I actually expect the dollar value
of Bitcoin to go dancing wildly - and I care as much about it as Bitcoins carrot or banana value. 1BTC is 1BTC and that is what counts.
Meanwhile Inflation.
Did you listen to your mamas Stories about how it was in Europe after WWII?  Papermoney is PAPERmoney when the prints are rolling. Thank you Ben.

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January 31, 2013, 04:14:16 PM
 #8

apart from some devastating news,  i don't see how a huge crash would be possible

how many people would scramble money to the exchanges if the price went near 13$ again?  single digits?  i wish

edit: crap, i must be tired.. i bit that troll bait so hard
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January 31, 2013, 04:17:26 PM
 #9

Yeah, that's the exact mentality people had at the last $30 bubble.  Didn't work out well for a lot of people......
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January 31, 2013, 04:18:34 PM
 #10

Yeah, that's the exact mentality people had at the last $30 bubble.  Didn't work out well for a lot of people......
We are already way over the market cap for the $30 bubble.
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January 31, 2013, 04:39:42 PM
 #11

And?

How does more people putting in more money to BTC make it any less of a bubble?  If anything, the influx of new money (along with the rapid price increases and overinflated price) make it more likely to be a bubble, IMO.
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January 31, 2013, 05:21:15 PM
 #12

Who cares? Whatever happens I feel better holding coins than neuros or dollarz.
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January 31, 2013, 05:39:52 PM
 #13

The last couple times we've done this there's been a pretty easily recognizable pattern to the timing of the correction. The beginning of the end is an asymptotic bull run over the course of a few days.

We aren't there yet. Oh, we'll get there, possibly in the next week or two, but we aren't there yet. On a logarithmic scale, this recent run up from 13 to 20 barely registers compared to previous sharkteeth, and this last step (from, what? 19 to 21?) is about as significant as going from 5.50 to 6.

(As for calling this another "bubble" on the order of June 2011, well, we'll see... but that fiasco also ended with an asymptotic bull run.)

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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January 31, 2013, 09:00:09 PM
 #14

Who cares? Whatever happens I feel better holding coins than neuros or dollarz.

Very much this.

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January 31, 2013, 09:07:17 PM
 #15

Who cares?

Considering that this is the Speculation sub forum, probably most of us. This subforum is for speculating on BTC prices as compared to USD/EUR/JPY or whatever.

That's like asking "Who cares about mining?" in the Mining subforum.
MPOE-PR
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January 31, 2013, 09:36:36 PM
 #16

Who cares?

Considering that this is the Speculation sub forum, probably most of us. This subforum is for speculating on BTC prices as compared to USD/EUR/JPY or whatever.

That's like asking "Who cares about mining?" in the Mining subforum.

Oh. I thought "speculation" as in speculative thought. You know, where people imagine weird shit with not much of a hope to back it up with facts or reason.

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January 31, 2013, 10:32:56 PM
 #17

Are you trying to make a point, or are you just being sarcastic for the fuck of it?

420
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February 01, 2013, 12:10:51 AM
 #18


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February 01, 2013, 01:33:05 PM
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My choice isn't listed.  Reminds me of "Did you quit beating your wife?"
420
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February 01, 2013, 07:55:46 PM
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My choice isn't listed.  Reminds me of "Did you quit beating your wife?"

tell us yours cadillac

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