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Chronikka (OP)
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October 24, 2013, 05:20:34 AM |
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BTC market is crashing. Seriously though who didn't see this bubble bursting? Speculate on where the price will settle... http://bitcoin.clarkmoody.com/ |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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BurtW
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Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
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October 24, 2013, 05:26:24 AM |
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I guess using "Profit Taking!" would just not get people to read your thread?
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Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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Chronikka (OP)
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October 24, 2013, 05:29:08 AM |
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I guess using "Profit Taking!" would just not get people to read your thread?
Read it? Why do I care if people read it? I made money and I'm quite happy regardless  This appears to be a pretty hard crash which is why I started the post. Its already down by $30 in a matter of minutes As for the people who bought in above $200...why? Too soon. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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Chronikka (OP)
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October 24, 2013, 06:26:04 AM |
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*Sees "Mt. Gox Market Data"*
/thread
Still Down despite the surge in recent minutes Only a temp buy back in my opinion. I may be wrong but the market doesn't lie...$200 is an inflated price at this point in time. Just look at the trade volume. A hard crash followed by a minuscule rebound. Its going to drop again. This surge is based almost entirely on Chinese Speculation. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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n00ber
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October 24, 2013, 11:52:52 AM |
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I think it will stabilize in $150 - $170.
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Chronikka (OP)
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October 24, 2013, 12:47:51 PM |
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I think it will stabilize in $150 - $170.
Seems to have stopped around $200 for the time being. I think its temporary. An attempt to return the price to "normal" by major buyers but there doesn't seem to be a whole lot of support outside of that for this price... Its going down again guys. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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BurtW
Legendary
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Activity: 2646
Merit: 1136
All paid signature campaigns should be banned.
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October 24, 2013, 01:25:25 PM |
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Its going down again guys.
Really? |
Our family was terrorized by Homeland Security. Read all about it here: http://www.jmwagner.com/ and http://www.burtw.com/ Any donations to help us recover from the $300,000 in legal fees and forced donations to the Federal Asset Forfeiture slush fund are greatly appreciated! |
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masyveonk
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Activity: 346
Merit: 100
https://bmy.guide
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October 24, 2013, 01:38:41 PM |
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It recovered quite fast. Not sure if I can call this a "Crash!"  |
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Aahzman
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October 24, 2013, 01:42:04 PM |
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It recovered quite fast. Not sure if I can call this a "Crash!" yes, but if the OP doesn't use scaremongering "EVERYBoDY PANIC!I!!(!*&!!" keywords in their subject line, nobody would read the post. "Minor, temporary dip in BTC valuation" doesn't have quite the same urgency that "CRASH!" does. |
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balanghai
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October 24, 2013, 01:43:00 PM |
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Well bubbles do burst but the question is are you ready for the ride to make it work for your advantage?
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Chronikka (OP)
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October 24, 2013, 03:11:29 PM |
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Since most of you don't think this is a real crash...why do you think that? What is supporting the price above $200 besides speculation? I have heard nothing from anybody to suggest that the rise over the last few days is permanent. Its going to drop again. Watch.
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"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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superresistant
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Activity: 2142
Merit: 1125
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October 24, 2013, 03:18:06 PM |
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Since most of you don't think this is a real crash...why do you think that? What is supporting the price above $200 besides speculation? I have heard nothing from anybody to suggest that the rise over the last few days is permanent. Its going to drop again. Watch.
It's going back, we are underestimating the Chinese-Bitcoin-frenzy. It may not have reached the peak before the proper crash. |
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imrer
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October 24, 2013, 11:50:26 PM |
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It's only correction. No big deal. I think we are heading upwards. It's healthy to stop for a while and build position.
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BitcoinAshley
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October 25, 2013, 12:20:54 AM |
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I don't understand this thread, at all. I know, I know, trolls gonna troll. Some of them are just really, really bad at it.  |
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TERA
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October 25, 2013, 12:21:53 AM |
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Does this happen during a crash?  (before the 'crash' it was 2,400,000 and the highest it EVER was was 2,650,000) |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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October 25, 2013, 12:23:31 AM |
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I don't understand this thread, at all. I know, I know, trolls gonna troll. Some of them are just really, really bad at it. You aren't a real troll until you have your own troll (like reality4you on r/bitcoin) |
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Chronikka (OP)
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October 25, 2013, 12:43:49 AM |
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I don't understand this thread, at all. I know, I know, trolls gonna troll. Some of them are just really, really bad at it. You aren't a real troll until you have your own troll (like reality4you on r/bitcoin) I don't know why you think its trolling. The price fell by $50 in minutes. Its still down by $30. Thats a ~13% drop. Now look at trade volume. A bunch of buyers bought the price back above $200 and its been hovering there with minimal volume for about a day. Its still an inflated price. I doubt it will collapse back to $150 but all its going to take is a few panickers and we are on the way down again. I emailed a former economics professor of mine who is a bitcoin enthusiast. He explained that he thought this was "RR Reversal" or more commonly called "Risk Reversal" by a small group of major bitcoin investors. Its a strategy to protect themselves in case of a downward trend. It also commonly causes very sudden pullbacks on rapidly rising stocks...or in this case bitcoin. Anywhere from 10-25% usually. |
"The true sign of intelligence is not knowledge but imagination" -Albert Einstein
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Luzio
Newbie
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Activity: 51
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October 25, 2013, 12:53:35 AM |
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You can put a circle around the asks as well, as they increased some k's since yesterday. Edit: it's already at 17k, so a 5k increase since yesterday. |
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cowandtea
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October 25, 2013, 01:21:35 AM |
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Does this happen during a crash? (before the 'crash' it was 2,400,000 and the highest it EVER was was 2,650,000) No but its going to have a real crash soon.. |
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mufa23
Legendary
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Activity: 1022
Merit: 1001
I'd fight Gandhi.
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October 25, 2013, 01:24:38 AM |
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No crash. thread is full of crap. Hold onto your btc, we're on our way up
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Positive rep with: pekv2, AzN1337c0d3r, Vince Torres, underworld07, Chimsley, omegaaf, Bogart, Gleason, SuperTramp, John K. and guitarplinker
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