Great New Crashcorrection (fulfilled)

[freethink2013]

best crash ever, we've crashed above the previous ath.

[wobber]

It seems we are due to a larger leg up. Maybe starting this monday or tuesday, after some rest time for our athlete here.

[Tazmo]

There is no rule that says it can't increase exponentially. Bitcoin has proven us all wrong before.

https://i.imgur.com/4NKXJMY.jpg

Bitcoin™

LOL!!~~~

[Wilhelm]

I still believe we will start a decent towards $330 or lower.

[beetcoin]

how do you guys buy the bitcoins fast enough when they are low like that? it's impossible.. they crash and stay low for maybe 20-30 minutes, and by the time you have the chance to buy, it's back up to 330. liquidity is an issue for me.

is it possible for a securities exchange?

[DeathAndTaxes]

It is called a limit order.  All you need is a single trade at or below your limit price.

[wobber]

What is a securities exchange?

[EvilPanda]

how do you guys buy the bitcoins fast enough when they are low like that? it's impossible.. they crash and stay low for maybe 20-30 minutes, and by the time you have the chance to buy, it's back up to 330. liquidity is an issue for me.

is it possible for a securities exchange?

Divide your assets into groups. Use part of it to set up buy orders with different prices to cover a certain range, eg. if the price is 300$ buy for 298, 295, 290, and so on. It's kind of like fishing, you wake up next day and see what you got. 

[notthematrix]

how do you guys buy the bitcoins fast enough when they are low like that? it's impossible.. they crash and stay low for maybe 20-30 minutes, and by the time you have the chance to buy, it's back up to 330. liquidity is an issue for me.

is it possible for a securities exchange?

Divide your assets into groups. Use part of it to set up buy orders with different prices to cover a certain range, eg. if the price is 300$ buy for 298, 295, 290, and so on. It's kind of like fishing, you wake up next day and see what you got. 

Will work with normal stocks , but will it with bitcoin
Doubt it , reason is you can not buy back your own bitcoins
, yes you will have dollar but nobody want to trade bitcoins with you  , most exchanges report empty
and wait until price restores
And in holland people can do Ideal witch is INSTANT!
but most sellers will not reload bitcoins , so after getting 300 btc you r gone , and dumping 300 btc on the market is not very impressive
 

[bitcon]

how do you guys buy the bitcoins fast enough when they are low like that? it's impossible.. they crash and stay low for maybe 20-30 minutes, and by the time you have the chance to buy, it's back up to 330. liquidity is an issue for me.

is it possible for a securities exchange?

Divide your assets into groups. Use part of it to set up buy orders with different prices to cover a certain range, eg. if the price is 300$ buy for 298, 295, 290, and so on. It's kind of like fishing, you wake up next day and see what you got. 

this is how i do it. i was only able to get 13 coins this "crash" because the exchange i use has very few users / low volume. your basically getting coins off people who think its going to crash more. (weak hands)

[Tzupy]

Conspiracy theory: the ddos is trying to prevent Gox from crashing.
China may have enough steam to go up further, but if Gox and Bitstamp would crash,
then the rise in China would be limited. So if the ddos denies access to Gox (and Bitstamp?)
long enough for China to go up again, then the others will try to follow.

[BlueTemplar]

Has it ever happened that Gox got DDoSed, but DIDN'T crash after that?

[wtfvanity]

What's with the whole "fulfilled" ? lol. When the price is higher a day after your "great crash" and a new all time high, you sound like an idiot.

[EvilPanda]

how do you guys buy the bitcoins fast enough when they are low like that? it's impossible.. they crash and stay low for maybe 20-30 minutes, and by the time you have the chance to buy, it's back up to 330. liquidity is an issue for me.

is it possible for a securities exchange?

Divide your assets into groups. Use part of it to set up buy orders with different prices to cover a certain range, eg. if the price is 300$ buy for 298, 295, 290, and so on. It's kind of like fishing, you wake up next day and see what you got. 

Will work with normal stocks , but will it with bitcoin
Doubt it , reason is you can not buy back your own bitcoins
, yes you will have dollar but nobody want to trade bitcoins with you  , most exchanges report empty
and wait until price restores
And in holland people can do Ideal witch is INSTANT!
but most sellers will not reload bitcoins , so after getting 300 btc you r gone , and dumping 300 btc on the market is not very impressive
 

That is why you don't dump 300 BTC. I mostly buy to hold for some time and then sell it in small numbers as the price goes up. Never had problems or loses with this strategy and probably won't unless BTC goes down more than 50%.

[wobber]

Would be safe to say that the crash is over and we can continue the rally? Anyway, I am more and more convinced that if we can break 400, 500 will be easy.

[Tzupy]

No, wait for another 1 - 2 hours, let's see what happens.

[LOADING.READY.RUN]

Would be safe to say that the crash is over and we can continue the rally? Anyway, I am more and more convinced that if we can break 400, 500 will be easy.

Agreed on the latter. But a crash? Come on, this wasn't a crash... a crash is something devastating when afterwards many people lose their entire confidence in the market and walk away. This was a mere correction, albeit a violent one, as it is quite typical in bitcoin world right now.

[wobber]

Would be safe to say that the crash is over and we can continue the rally? Anyway, I am more and more convinced that if we can break 400, 500 will be easy.

Agreed on the latter. But a crash? Come on, this wasn't a crash... a crash is something devastating when afterwards many people lose their entire confidence in the market and walk away. This was a mere correction, albeit a violent one, as it is quite typical in bitcoin world right now.

I think you're right, "crash" was not the best word to use at it might imply very long periods of low prices. When I say crash I mean an important correction from which we recover after a week or so.

[LOADING.READY.RUN]

I think you're right, "crash" was not the best word to use at it might imply very long periods of low prices. When I say crash I mean an important correction from which we recover after a week or so.

If you'd only said "crash", I would've simply ignored the wording. But your thread title reads "Great New Crash" -- this leaves me between a chuckle and an incredulous shake of my head

[TERA]

Crash is when several whales compete to dump their 50,000btc each. Back in april there was 100,000btc dumped in the 60s in a matter of minutes.