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Author Topic: Where is the damn correction???  (Read 4208 times)
deathcode
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February 11, 2013, 09:24:21 PM
 #1

Ok so BTC has increased almost 100% in the past month, so, where's the correction?
it's impossible for BTC to keep going up without a correction. When do you think the big investors are going to sell and capitalize on their profits?
investors know that BTC will continue to go up in the long run, however, big investors work mostly on short term goals, they have numbers to reach at the end of the month and profits to report, so I doubt investors are thinking long term here (more than 12 months) and with an already interesting return (almost 100% in the past month) then I would expect to see a sell off...
Any thoughts?

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1560692894
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February 11, 2013, 09:32:57 PM
 #2

It will happen once everyone is no longer waiting for it.
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February 11, 2013, 10:04:21 PM
 #3

It's already correcting...upwards  Wink
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February 11, 2013, 10:06:46 PM
 #4

n, however, big investors work mostly on short term goals, they have numbers to reach at the end of the month and profits to report,

where does this concept come from? Bitcoin is not some wall street mutual fund investments vehicles, big or small, most are just individuals.
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February 11, 2013, 10:09:53 PM
 #5

Everyone knows that each bitcoin is worth at least 10k$ each Roll Eyes
So just keep your bitcoin that you will be rich really fast!

Easy uh?

I will wait to buy @ 15$

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February 11, 2013, 10:11:49 PM
 #6

It's coming...there is a whole lot of greed in the air around here



"Be greedy when others are fearful and fearful when others are greedy" -Warren Buffett
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February 11, 2013, 10:34:43 PM
 #7

Well if there are big dogs out there I hope they do sell to distribute the coins a bit.

Personally I don't care if it drops a bit... you would have to pryse my Bitcoins from my cold dead hands at the moment!

Anyone else here consider selling at 25?

Some of those big movements could be exchanges or even Casinos buying up loads in advance of the coming tide.
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February 11, 2013, 10:43:52 PM
 #8

Anyone else here consider selling at 25?

Not a chance! Smiley I don't have many BTC in cold storage (or at all) at the moment but the few that are in cold storage aren't moving for less than the equivalent of about $250 in today's money - and probably a lot more besides.

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February 12, 2013, 01:23:19 AM
 #9

It's coming...there is a whole lot of greed in the air around here



"Be greedy when others are fearful and fearful when others are greedy" -Warren Buffett

Not a bad quote to live by, but if you're short, remember this one too:

"Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes

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deadweasel
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February 12, 2013, 01:24:46 AM
 #10

It's coming...there is a whole lot of greed in the air around here



"Be greedy when others are fearful and fearful when others are greedy" -Warren Buffett

Not a bad quote to live by, but if you're short, remember this one too:

"Markets can remain irrational longer than you can remain solvent." - John Maynard Keynes

Keynes and Buffet never experienced a market like bitcoin.

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February 12, 2013, 01:31:02 AM
 #11

n, however, big investors work mostly on short term goals, they have numbers to reach at the end of the month and profits to report,

where does this concept come from? Bitcoin is not some wall street mutual fund investments vehicles, big or small, most are just individuals.

Mmmm this concept comes from investors that move large sums of money for a living.
Where does your knowledge comes from when you claim that bitcoin are mostly just "individuals"?
Have you checked the transactions in block chain? I see 20,000-70,000BTC transactions on a daily basis I doubt "individuals" are moving that amount of BTC in single transactions.

20k BTC is merely 400~500k, that size is too small comparing with any real financial institutional transactions,and they may not be individuals, but I do not see any evidence supporting the existence of big chuck of "investors with short term goals", I am sure there are some, but the current bitcoin transaction volume couldn't support a large pie of "investors that move large sums of money for a living"
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February 12, 2013, 01:36:50 AM
 #12

god    make it come soon

the pain



oh god,    the pain

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February 12, 2013, 01:42:45 AM
 #13

Ok so BTC has increased almost 100% in the past month, so, where's the correction?

it's impossible for The Internet to keep going up  growing without a correction.
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February 12, 2013, 02:05:51 AM
 #14

Ok so BTC has increased almost 100% in the past month, so, where's the correction?

it's impossible for The Internet to keep going up  growing without a correction.



Now that was a "damn correction" Cheesy

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February 12, 2013, 02:12:11 AM
 #15

Stop losses. If I were you, I'd press the "buy-back" button right now. Grin
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February 12, 2013, 02:12:28 AM
 #16

On a related note it's worth mentioning that Gavin said there would be 2 or 3 more bubbles, but he may not be correct.

What if bitcoin grows exponentially, there will be more demand for bitcoin, so I don't see the price decreasing then.
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February 12, 2013, 02:16:13 AM
 #17

A lot of people are looking at what happened to the price last year and are kicking themselves for not buying at the bottom. I expect any dips to be short-lived because any significant downturn will cause more people to buy.
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February 12, 2013, 06:02:54 AM
 #18

I do hope from time to time there are 60% retracements, so that BTC attract only true believers, speculators will definitely get shaked out by a 60% retracement and stay away

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February 12, 2013, 06:36:12 AM
 #19

I do hope from time to time there are 60% retracements, so that BTC attract only true believers, speculators will definitely get shaked out by a 60% retracement and stay away

No, that will draw speculators like flies on shit.

It's easy to say than done, if price in a week dropped below $10, I'm sure the sentiment will totally be negative, you will see how many doomsayers there will be

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February 12, 2013, 09:18:40 AM
 #20

I believe there won't be one for at least a few days.
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