The Bubble Popped

[viboracecata]

I predict this trend and post a warning in Chinese board, but I'm not sure, I feel this is just one adjustment.

[Davyd05]

Damn before I'll have any fiat to re buy with....the markets are rallying ahahahahha roller coasterssss

[jmutch]

I get the impression whales are playing with this market a little bit.

kind of like an old school pump and dumps

emotional buying and selling is usually a bad idea in these circumstances

[anu]

I'm buying back more whenever it dips! But I'm enjoying this extreme volatility  at the moment for profit sake.

So true, traders paradise. Now the price could go under 100

That's one thing I never understand: Sellers who sell now at 160 apparently consider this a good price when just a few minutes ago, 200 was too cheap. Same for buyers: Many bought at around 200, apparently thinking this is a good price when a few weeks back they thought 100 too expensive.

The trick to make money is buying low, selling high. Panic selling / buying does not pay (unless you panic first). Newbies alwas seem to believe that Bitcoin is a Ponzi Scheme and the price will fall to zero, when time and again it recovered quickly after a crash. I mean - even those who bought @32 in 2011 look pretty good now. 2 years from now, 266 will look incredibly cheap.

So stop gamble your coins away because each coin will buy you a Porsche in 2020. In case you didn't notice, China is already recovering. Just like Gold, Bitcoins move east.

[tearfereon]

I mean - even those who bought @32 in 2011 look pretty good now. 2 years from now, 266 will look incredibly cheap.

So stop gamble your coins away because each coin will buy you a Porsche in 2020.

True, this is one of possible scenarios. I personally have few coins, and if the price goes to 0, I wouldnt mind. I dont need to sell in few next years

[zby]

Interestingly, the price seems to hold relatively well in China

Mind you I was just about to make the same point, then re checked the ticker and saw some huge movements

http://bitcoinity.org/markets/btcchina/CNY

not anymore, I just watched it take a steep dive, to 1000 then back to 1100

Looks like everywere it was about 25%.

[JustAnotherSheep]

What's with the instant dick-grabbing and crying bubble pop when the bubble hasn't even had time to form yet.

It was a correction, we're still going to the moon. Best ready your cosmonaut gear or you'll be left on the ground coughing from all the dust and exhaust gases.

[johnyj]

Now the bubble popped, it is safe to buy

[TERA]

Finally! A sane trend is resumed. I have increased my portfolio 12%, and now I can get sleep at night...

[notung]

Did it pop? Couldn't be just a bear trap?

[Buffer Overflow]

I got a feeling experienced traders are playing games with you lot.
Think I'll keep my coins safety in cold storage.
If others want them they will have to pay me more for them, not less. A *lot* more.

[jmutch]

I got a feeling experienced traders are playing games with you lot.
Think I'll keep my coins safety in cold storage.
If others want them they will have to pay me more for them, not less. A *lot* more.

+1

i think theres a few big dogs dicking around. it still wouldnt take much money(for uber rich people) to do this.

[wobber]

Fuckin congratulations. I was 100% sure it will pop. After my argue with a respected member on this forum, he convinced me that price can recover (see low 150 and recoup to 200) BUT i do think more downward will happen.

So rally is over, go home!

[Birdy]

If that was "the great bubble pop" I am not scared at all. Just take a look at the 30-day chart.
Let's see how this continues ^^

[wobber]

It will go lower. Mark my words.

[Birdy]

It will go lower. Mark my words.

marked ^^

[majorddf]

I sell in order to buy more coins at a lower price.

I am much more concerned about the increase in my coin holding, than the fiat I could withdraw after a sale.

After selling at £140 and buying at intervals back down to £115 I increased my stack by 24%.

Whether we go back up, or I buy more heading further down, I am happy either way!

[TERA]

Yup the bubble popped and btc went almost all the way down to its support level. BTC grows 1000% per year.  6 months ago the support was $50 - so now its at $50 * 10^(0.5) = $158.

[Buffer Overflow]

Yup the bubble popped and btc went almost all the way down to its support level. BTC grows 1000% per year.  6 months ago the support was $50 - so now its at $50 * 10^(0.5) = $158.

Good point.

[P_Shep]

Well, that didn't last long.