Bitcoin Forum
May 12, 2024, 12:40:40 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Another Correction (or an elogation of this one) is due to happen...  (Read 610 times)
theonewhowaskazu (OP)
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


View Profile
October 25, 2013, 03:25:07 AM
 #1

...Before we hit ATHs again.

Reasoning:

1) Bids have filled in, but asks have filled in too.



All those asks represent hands that were effectively weakened by the crash. Those coins need to change hands at least once before we can continue the march upward.

2) The Chinese are using BTC as a store of value, primarily, and thus they get concerned after there's a crash. Thus, I predict the next correction to be caused by a sell off on the Chinese exchanges, and to eventually be halted by tons of Bids on Bitstamp/Gox. This'll give the Chinese more confidence, and we'll continue up from there.

1715474440
Hero Member
*
Offline Offline

Posts: 1715474440

View Profile Personal Message (Offline)

Ignore
1715474440
Reply with quote  #2

1715474440
Report to moderator
1715474440
Hero Member
*
Offline Offline

Posts: 1715474440

View Profile Personal Message (Offline)

Ignore
1715474440
Reply with quote  #2

1715474440
Report to moderator
1715474440
Hero Member
*
Offline Offline

Posts: 1715474440

View Profile Personal Message (Offline)

Ignore
1715474440
Reply with quote  #2

1715474440
Report to moderator
"There should not be any signed int. If you've found a signed int somewhere, please tell me (within the next 25 years please) and I'll change it to unsigned int." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Walsoraj
Hero Member
*****
Offline Offline

Activity: 686
Merit: 500


Ultranode


View Profile
October 25, 2013, 03:52:25 AM
 #2

tell me exactly where to place my bids, or GTFO.

Thanks.
derpinheimer
Legendary
*
Offline Offline

Activity: 896
Merit: 1000


View Profile
October 25, 2013, 03:54:27 AM
 #3

China seems to be dipping, gox too.

Bitstamp still down.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!