criptix
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Activity: 2464
Merit: 1145
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February 05, 2018, 09:58:40 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Lets settle around 3 k - that was the support level from where we started to 20 k 
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JayJuanGee
Legendary
Online
Activity: 3990
Merit: 11753
Self-Custody is a right. Say no to "non-custodial"
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February 05, 2018, 10:06:32 AM Last edit: February 05, 2018, 10:23:53 AM by JayJuanGee |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Fair enough... regarding your hiatus motivated buy plan.. hahahahaha.. and you better start a bit above $4900 to be safe and not get stuck suffering in fantasy land.... hehehehehehehe... I am sticking with $1k BTC buy increments, because bitcoin be called in exponential growth phase and in an ongoing bull market. Do you really think that going on 8 weeks of correction (and we are not even to 8 weeks yet) is enough to stop our lovely more than two year long bull run? You cannot use some model that is not even very comparable to straight jacket deee honey badger....  even though perhaps early 2013 would be the closest.. in terms of total circumstances, but you cannot look at just some aspect to try to argue similar levels, because each time is going to be different.. remember how fast early 2013 went up and also how fast it went down, and then it got stuck for more than 6 months... We are not quite there, and we are not quite there... you are attempting to constrain the honey badger and he does not like your efforts.  Honey badger can see what you are trying to do to it: 
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zazzbg
Jr. Member
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Activity: 54
Merit: 1
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February 05, 2018, 10:07:03 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Please show me the 87% crash of December 2013? I can't see it. https://imgur.com/a/O4Fmk
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El duderino_
Legendary
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Activity: 2786
Merit: 13829
BTC + Crossfit, living life.
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February 05, 2018, 10:07:20 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Lets settle around 3 k - that was the support level from where we started to 20 k  Or just settle around here @ This price level make new support @ +- 2.5X time herefore and move to the assumed 40–100k range
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Sukovsky
Member

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Activity: 107
Merit: 10
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February 05, 2018, 10:09:49 AM |
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My god this dump is boring.
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Heater
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February 05, 2018, 10:11:16 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Please show me the 87% crash of December 2013? I can't see it. https://imgur.com/a/O4FmkHere you go: BITSTAMP weekly: https://i.imgur.com/knA0Dtq.jpg
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600watt
Legendary
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Activity: 2338
Merit: 2106
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February 05, 2018, 10:13:38 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
in 2013 it took one month to climb to ATH at $1200 and 13 or 14 months to reach bottom. this time around it climbed two years and it seems to be bottoming either now (6 weeks) or soon (2-3 months). i expected it to sink much slower, like it did last time. waiting now for temporary bottom to buy back in and for THE bounce. most critical point will be peak of bounce.
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Rosewater Foundation
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February 05, 2018, 10:26:04 AM |
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Is it time to sell today's bottom to make room in the display for tomorrow's bottom?
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JayJuanGee
Legendary
Online
Activity: 3990
Merit: 11753
Self-Custody is a right. Say no to "non-custodial"
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February 05, 2018, 10:26:43 AM |
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Let’s see what we have in history - picking only long grinding crashes that have lasted more than 7 weeks. We are currently on week 8.
June 2011: 94%
April 2013: 79%
December 2013: 87%
I think these are our only comparable data points but happy to be corrected. This is not a flash crash.
On this basis we should assume a final price between 79% and 94% down. Let us be conservative and say 75% to 95% price decline.
On this rationale we should buy aggressively between $4,900 down to $980. Perhaps we should start earlier than $4900 so as not to be greedy but not too much if we believe the model.
Please show me the 87% crash of December 2013? I can't see it. https://imgur.com/a/O4FmkHe's referring to the extreme ends of the price corrections from $1,163 in December 2013 down to $152 in January 2015 or whenever was the deepest down spike.
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Last of the V8s
Legendary
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Activity: 1652
Merit: 4393
Be a bank
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February 05, 2018, 10:29:35 AM |
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 10:35:37 AM |
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I think it is a nice touch that the CEO of Bitfinex and Chairman of the CFTC are both called Giancarlo.
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Dakustaking76
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February 05, 2018, 10:40:47 AM |
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This time bitcoin is dead  After a recovery were off to go down again
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serveria.com
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Activity: 2520
Merit: 1268
Privacy Servers. Since 2009.
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February 05, 2018, 10:42:31 AM |
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Opened this thread first this morning and thought BTC has fallen to triple digits judging by the comments here  Then went to bitcoinwisdom just to realize we're still at 7800. What a bunch of panicking crybabies and beartrolls! I still haven't sold a single satoshi since the beginning of this dump. HODL!
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HairyMaclairy
Legendary
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Activity: 1442
Merit: 2282
Degenerate bull hatter & Bitcoin monotheist
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February 05, 2018, 10:44:34 AM |
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Well if capitulation is what you want 
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Karartma1
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Activity: 2310
Merit: 1422
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February 05, 2018, 10:50:16 AM |
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I have no time to go over 45 old thread pages!  Don't you have anything to do on weekends? Don't you go out and forget about bitcoin every now and then? You crazy bitcoiners. Ok, seriously, what did I miss?
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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February 05, 2018, 10:53:33 AM |
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That's it .... I'm out. This thing is going down in flames.
Selling all my bitcoins to buy bcash, gonna spend the rest of my days playing chums with roger jihan rizun and jbreher while spamming bitcoin transactions like a maniac. Huffing the ether smart contract gaseous Davos lies is much more fun too.
Bitcoin is so much last years shitshow. Central power and control is the future.
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bitcoinPsycho
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Activity: 2758
Merit: 2560
$130000 next target Confirmed
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February 05, 2018, 10:53:53 AM |
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Dakustaking76
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February 05, 2018, 10:53:57 AM |
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I have no time to go over 45 old thread pages!  Don't you have anything to do on weekends? Don't you go out and forget about bitcoin every now and then? You crazy bitcoiners. Ok, seriously, what did I miss? You missed a bloody days Yes  Damn bitcoin is rude for us
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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February 05, 2018, 10:56:21 AM |
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Ok, seriously, what did I miss?
permabulls sinking with the shop as always after a bubble LN will be a non event, will take years to be battle tested, probably will be a hackfest next pump will be next bitcoin halving or an alt
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