eindbaas (OP)
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umad?
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November 19, 2013, 01:47:57 PM |
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Hello I just woke up and I see the price is at 490 dollars. yesterday I watched the crash to 500 and go back up to 700. Is this a simular bounce? Whats going on ? btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please.
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Boxman90
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November 19, 2013, 01:50:03 PM |
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Demand is low supply is high. Everybody is speculating.
/thread.
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LTC: LKKy4eDWyVtSrQAJy7Qmmz61RaFY91D9yC BTC: 18fzdnCkuUNthCD8hM36UBGopFa9ij78gG
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Feri22
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November 19, 2013, 04:00:47 PM |
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Demand is low supply is high. Everybody is speculating.
/thread.
Not me...so not everybody
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evolve
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November 19, 2013, 04:06:56 PM |
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Is this a simular bounce?
Maybe. Whats going on ?
Panic and profit taking.
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NUFCrichard
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November 19, 2013, 04:08:31 PM |
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crazy price swings, generally downwards
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zeroday
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November 19, 2013, 04:14:28 PM |
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Typical Pump & Dump.
Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.
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Maged
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November 19, 2013, 04:18:47 PM |
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Typical Pump & Dump.
Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.
I wouldn't count on that. That being said, if you really are a long term investor, then you won't mind if this takes one to two years to recover, as it has in the past. Although, these days it seems that bubbles happen every 6 months, so it could be sooner.
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TERA
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November 19, 2013, 04:20:52 PM |
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The other day's correction was a low volume correction. This is a HIGH VOLUME correction.
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rebuilder
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November 19, 2013, 04:27:41 PM |
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Typical Pump & Dump.
Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.
I wouldn't count on that. That being said, if you really are a long term investor, then you won't mind if this takes one to two years to recover, as it has in the past. Although, these days it seems that bubbles happen every 6 months, so it could be sooner. So... Interval between peak of bubble 1 and bubble 2: approx. 22 months. Interval between peak of bubble 2 and bubble 3: approx. 6 months, assuming we just peaked. Interval between peak of bubble 3 and bubble 4: approx 1.64 months? -18 months? Do we need to invent time travel now? Maybe two intervals isn't really enough to say anything about how the market seems to behave.
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Selling out to advertisers shows you respect neither yourself nor the rest of us. --------------------------------------------------------------- Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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MatTheCat
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November 19, 2013, 04:32:08 PM |
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The other day's correction was a low volume correction. This is a HIGH VOLUME correction.
Can't get access to my Bitstamp account at the moment....servers are obviously jam packed with frantic punters placing their bets either which way.
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bitcoinBull
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rippleFanatic
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November 19, 2013, 04:37:07 PM |
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Typical Pump & Dump.
Don't worry if you are long term investor. We are still heading beyond $1000 this or next month.
The typical pump & dump is a penny stock which is spammed (the pump) and then sold (the dump), never to recover. That's more like some of the alt-chains and *coins going around, with premature promotion and shameless overhyping. The correction in bitcoin price is simple profit-taking. More extreme corrections are called crashes, followed by a bounce (if the trend stays intact), or a dead cat bounce (if the bounce fails to make a new high).
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College of Bucking Bulls Knowledge
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raskolnikovx
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November 19, 2013, 04:39:16 PM |
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As I read this Bitcoin is almost at $1000 USD in china and the Gox keeps going up ($711 now) Not sure about this corrections
EDIT: bitstamp.net is down with a 500 error. I wont panic since I am here for long term profits too
EDIT 2: btcchina at 6142 CYN (over $1000 usd)
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Parazyd
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November 19, 2013, 04:40:45 PM |
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The prices will go crazy again when the Senate hearing starts today.
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theonewhowaskazu
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November 19, 2013, 04:42:20 PM |
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I'm legitimately surprised that people are panicking.
When I went to sleep 2 nights ago, it was $400-something.
After I came back from work the next day, I see a high of $900, and current price at $800.
When I go to sleep that day, its $700.
When I wake up today, its still $700.
I mean, I get that its a bumpy ride, but when you literally double the price in one day, a pullback is to be expected, honestly. I was panicking when we dropped from $900 to sub-$600 in 10 minutes. After we recovered from that, it seems like its slowly calmed down a bit.
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mvidetto
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November 19, 2013, 04:43:41 PM |
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I'm legitimately surprised that people are panicking.
When I went to sleep 2 nights ago, it was $400-something.
After I came back from work the next day, I see a high of $900, and current price at $800.
When I go to sleep that day, its $700.
When I wake up today, its still $700.
I mean, I get that its a bumpy ride, but when you literally double the price in one day, a pullback is to be expected, honestly. I was panicking when we dropped from $900 to sub-$600 in 10 minutes. After we recovered from that, it seems like its slowly calmed down a bit.
Yeah but you missed a low of $375 between the $700s...
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n691309
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November 19, 2013, 04:54:05 PM |
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Whats going on ? btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please. This is very pessimistic, btcchina still around $1000 USD Other exchanges might hit $1000 USD today as well
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antimattercrusader
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November 19, 2013, 05:59:22 PM |
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Hello I just woke up and I see the price is at 490 dollars. yesterday I watched the crash to 500 and go back up to 700. Is this a simular bounce? Whats going on ? btw 500 dollars is a very good stable price after the chinese invested allot. Now slowly rise to 1k over 6 mounths please.
We're fine, after such a sharp rise we're due for a correction. Some investors have goals and actually stick to them, once the goals were met they sold. Probably triggered a mini-sell off, but we've found hte bottom and on the road back up - I just hope it's more rational and stable than the previous doubling in 2 days
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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