metac0m (OP)
Newbie
Offline
Activity: 6
Merit: 0
|
|
November 20, 2013, 12:28:54 AM |
|
|
|
|
|
chrsjrcj
|
|
November 20, 2013, 12:39:04 AM |
|
So what type of trap was the drop from $400 to $300?
|
|
|
|
seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
|
|
November 20, 2013, 12:40:59 AM |
|
Cool, close the door please.
|
|
|
|
kireinaha
|
|
November 20, 2013, 12:44:27 AM |
|
It fits the bitcoin `group think` mentality so well. Absolutely perfect.
|
Night gathers, and now my bitcoinwisdom watch begins.
|
|
|
successquik
Newbie
Offline
Activity: 23
Merit: 0
|
|
November 20, 2013, 12:46:07 AM |
|
As long as the long term trend is up I'm fine with this. Shake out all the old, jittery, low cost basis money and replace it with more stable holders.
Gonna be a LOT of trading opps in BTC, methinks as there are no true derivatives to smooth out the peaks and valleys. Great opportunity for the trader.
At least in my VERY humble opinion. LOL
SQ
|
|
|
|
Bitcopia
|
|
November 20, 2013, 12:48:54 AM |
|
I think many people in BTC now have learned their lesson about panic selling. If you're were here for the April crash, price dropped from $266 to <$120 in a couple hours...
This is a "relatively" calm burst, and is likely not to be as intense as the April burst.
|
|
|
|
wobber
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
November 20, 2013, 12:49:59 AM |
|
I think many people in BTC now have learned their lesson about panic selling. If you're were here for the April crash, price dropped from $266 to <$120 in a couple hours...
This is a "relatively" calm burst, and is likely not to be as intense as the April burst.
All bubble's burst and then recovered quickly. But only to be followed by a bearish trend.
|
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
|
|
|
bassclef
|
|
November 20, 2013, 12:50:36 AM |
|
Maybe not 1000 words, but this chart has been posted almost as many times.
|
|
|
|
fallinglantern
|
|
November 20, 2013, 04:53:59 AM |
|
Cool, so we should have returned to the mean by December? Works for me.
|
|
|
|
SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
|
|
November 20, 2013, 04:57:10 AM |
|
That's cute. You mad you missed the boat OP? Saw this chart 6 months ago, and we're still at double that peak.
|
|
|
|
2double0
Legendary
Offline
Activity: 2618
Merit: 1105
|
|
November 20, 2013, 05:48:26 AM |
|
Thanks for this! Very interesting!!
|
|
|
|
btcprice
|
|
November 20, 2013, 06:04:50 AM |
|
Thanks for posting. This is very telling.
When I was a part of the run-up in 2011 I didn't know when to sell so I waited too long.
|
|
|
|
goxed
Legendary
Offline
Activity: 1946
Merit: 1006
Bitcoin / Crypto mining Hardware.
|
|
November 20, 2013, 06:13:17 AM |
|
Seeing these charts after every bull run since Aug 2011
|
Revewing Bitcoin / Crypto mining Hardware.
|
|
|
notme
Legendary
Offline
Activity: 1904
Merit: 1002
|
|
November 20, 2013, 06:14:40 AM |
|
So what type of trap was the drop from $400 to $300? That was a bear trap. The jump up marked as "return to normal" is really the bull trap in that picture.
|
|
|
|
lerelerele
|
|
November 20, 2013, 06:16:38 AM |
|
The same image repeated in time, that was in Japan in the 80s, recently in Spain, will see
|
|
|
|
byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
|
|
November 20, 2013, 06:19:19 AM |
|
|
|
|
|
|