Great New Crashcorrection (fulfilled)

[Tzupy]

Looks like we'll go deeper. How deep, this is the scary question.

[Beta-coiner1]

Looks like we'll go deeper. How deep, this is the scary question.

Most were saying the same thing when silk roads had an effect.Trends still indicate that the interest is only half as much as April of this year,so still find the current price to be still unusual.It's bullish,but I'd be cautious still.

[Tzupy]

We are now in an ascending sub-sub-wave, so obviously for now we can't crash further.
But it remains to be seen if the uptrend will resume, after the next sub-sub-wave it should be clear.

[Tzupy]

IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.

[EvilPanda]

IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.

Calm down, the price just went down a bit. The drop would be even smaller if not for all those panic losers. China looks quite stable, looking at their market I wouldn't even call it a crash.

[Tzupy]

IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.

Calm down, the price just went down a bit. The drop would be even smaller if not for all those panic losers. China looks quite stable, looking at their market I wouldn't even call it a crash.

You misunderstood me. I was calm, since I had sold at 350$ before posting.
My point was that the market could have chosen to go up to maybe 500$, but IMO now we are going down again.

[OracionSeis]

Shall we sell now? I think it is the crash and will keep dropping

[Dragooon]

Shall we sell now? I think it is the crash and will keep dropping

Just hold for a few weeks, if it's a crash it'll come back up. Unless you're dying and need some cash.

[rednazbtc]

Shall we sell now? I think it is the crash and will keep dropping

No, don't panicsell.

[bitcoin carpenter]

It will take a lot of scared sheeple to drop the price further, but if you look at the ask sum of btc china bitstamp and gox youll see there are almost no BTC to buy under 380.
This is all a ruse to get the weak hands to let go of more BTC.    I think.

[pand70]

IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.

Calm down, the price just went down a bit. The drop would be even smaller if not for all those panic losers. China looks quite stable, looking at their market I wouldn't even call it a crash.

I 'm with you with the calm part (up to a point of course) but how exactly China looks stable?The price in China moves in the same way ike gox, stamp etc...

[dancingnancy]

not really all that impressed with this "crash."  If it goes under $200, then yeah, otherwise, I think the trend continues.

[cbeast]

Now is the time for the Second Mouse rally.

[zuckerant]

I chickened out @ 280 (bitstamp) and bought in. Thought about rejoining the dropping but after reading your posts it isn't worth it. Looking at the order book someone could flashbuy it into and drive the price much higher. Waiting for tomorrow where I get a little fresh money.

[TERA]

Everyone is just dumping into a solid wall now. It's going to be really slow and now worth the risk.

[EvilPanda]

IF we don't see soon a sustained recovery to 380$ and beyond, then another ~100$ drop will start.

Calm down, the price just went down a bit. The drop would be even smaller if not for all those panic losers. China looks quite stable, looking at their market I wouldn't even call it a crash.

You misunderstood me. I was calm, since I had sold at 350$ before posting.
My point was that the market could have chosen to go up to maybe 500$, but IMO now we are going down again.

Yeah, if you look at last day it seems bad but if you consider weekly or monthly movement it still looks like a boom to me. If the price goes below what we had a week ago (200$) I will consider it a crash. Right now its just a typical correction before another rise. It may happen tomorrow or in a month but it will happen. You don't really lose anything unless you convert to fiat.
People are usually shortsighted and think in simple terms: yesterday it was 300 today 250 - I lost money!.

I 'm with you with the calm part (up to a point of course) but how exactly China looks stable?The price in China moves in the same way ike gox, stamp etc...

It looked more stable for a few hours but I guess the gox panic made them unsure of the price. Good time to buy IMO.

[sbryant31]

Jesus christ guys, seriously...

Be a little bit more responsible. Your investments increased in value by over 100 percent in a week. Now there's a BABY correction (On a weekend, no less) and you shit your pants

[notung]

I think the tendency has change and obviously it will keep going down the next days. If you are in the trade mood... sell and buy lower. Otherwise hold till the we catch again this prices in a couple of months.

[OracionSeis]

I suppose it is the stable price of bitcoin anymore:) There won't be crash i hope and it will keep rising day by day

[MAbtc]

My outlook hasn't changed. It was obvious that we needed a nice correction. I managed to make a couple coins from it, but I've been back all in since several hours ago. We could go lower, sure, but I think we will rally higher in fairly short order.