Prepare for March 16 Dip

[chessnut]

Bitstamp just dipped to $591 from $640 (March 16 Peak)

Cosmo's friend called this when Bitcoin was about approx $660 i think, not too significant but this might be interesting and pretty accurate especially if it leads to lower prices towards the end of the week.

and very big volume too.

I think it was a bad idea to call such a narrow time frame. Bitcoin can sit on a $5 range for days for no good reason. Though It seemed so obvious to me that it would need to correct after it stalled so hopelessly at 640. Ya dont need to be autistic to see that.

it always seems obvious in hindsight...

I wouldnt have bet so much on the decline if it wasn't obvious before.

seems to me that the naysayers have put as much at stake on this thread as the OP. "no, it will never happen" and when it does.....

[arepo]

seems to me that the naysayers have put as much at stake on this thread as the OP. "no, it will never happen" and when it does.....

i can agree with you there.

[Zule]

No one can say its not going down, or its not going up, because it will, both, its bitcoin. All of us here have a boner for bitcoin and believe in it longterm, anyone saying otherwise has a daytrading agenda, or has no real life if he dwells on a forum about something he feels its dying.

[chessnut]

No one can say its not going down, or its not going up, because it will, both, its bitcoin. All of us here have a boner for bitcoin and believe in it longterm, anyone saying otherwise has a daytrading agenda, or has no real life if he dwells on a forum about something he feels its dying.

 I know, I know, Im a bull when need be. I held tight through from $130 to $1200 and down to $400 again. soon I will return to hibernation as a long term holder, but the day trading opportunities in the last 3 months have been outrageously nice.

[spazzdla]

LTC is making some nice gains against BTC :O.

ALmost dipping below $600 now.

[cosmofly]

Only the intelligent ones in this forum will understand this:

[chessnut]

I dont get it.

[Zule]

Is that you feeling ashamed for sharing ass obtained FUD predictions?

[IamComrade]

Wow this prediction was amazing i got small buys at 594 and will buy more if it goes down or profit if it goes up, I now believe in this! Cosmofly was right if u look at bitcoinwisdom chart the price started going down exactly on March 16 holy crap 

[chessnut]

Wow this prediction was amazing i got small buys at 594 and will buy more if it goes down or profit if it goes up, I now believe in this! Cosmofly was right if u look at bitcoinwisdom chart the price started going down exactly on March 16 holy crap 

I think it will go to 580 if not 560 according to EW analysis. but best not be too greedy, 594 is a good price fo sho. 

[BitOnyx]

3% is not major dip, especially compared to past weeks.

eh , way too much speculations based on voodoo and magic...

[dropt]

3% is not major dip, especially compared to past weeks.

eh , way too much speculations based on voodoo and magic...

My sentiments exactly.  If this prediction had any weight OP would have been taking bets hand over fist and quantified the dip. 

[Dr. LY]

MAN WHAT A MAJOR DIP

4%

Tell your autistic friend to go get his autism checked out, because I think its malfunctioning

[BittBurger]

Here's what happened:

Cosmo had some insider information about activity that he *thought* would make the price crash.

Then he found that Bitcoin's foundation has grown substantially, and such activities barely make a dent in market price anymore.

This is why it took a poke downwards around the 16th.  Rather than a crash.

Thats my guess.

-B-

[K128kevin]

The price has gone down by a minute amount and it was 2 days later than predicted. Also it already seems to be going back up a bit again. This hardly qualifies as a dip, and that definitely does not qualify as a successful prediction.

[GigaCoin]

3% is not major dip, especially compared to past weeks.

eh , way too much speculations based on voodoo and magic...

Actually it's more like 10% since March 16th Peak, maybe 15% since he posted this thread, but not significant enough to be considered "major". However, this may pave the way for lower prices towards the end of the week if no buying support is found.

If indeed we see lower - mid 500's again by the end of the week, this prediction (or whatever you call it) can be considered fairly accurate.

[Cassius]

3% is not major dip, especially compared to past weeks.

eh , way too much speculations based on voodoo and magic...

Actually it's more like 10% since March 16th Peak, maybe 15% since he posted this thread, but not significant enough to be considered "major". However, this may pave the way for lower prices towards the end of the week if no buying support is found.

If indeed we see lower - mid 500's again by the end of the week, this prediction (or whatever you call it) can be considered fairly accurate.

I'm sorry, it really can't. If we do have a 'major' dip after today, it will be entirely inaccurate, since it predicted a dip for 16th +/- 2 days (without, of course, specifying what a major dip was).

[IamComrade]

I dont get it.

did someone figure out what is that picture cosmofly posted is about 

[K128kevin]

Actually on the 16th and the preceding several days it was mostly around 635 and it dipped down to about 605, which is a 3.9% fall in price. This was not the event he predicted in any way shape or form, and this prediction holds (held?) no weight. It was completely wrong lol...

[IamComrade]

Actually on the 16th and the preceding several days it was mostly around 635 and it dipped down to about 605, which is a 3.9% fall in price. This was not the event he predicted in any way shape or form, and this prediction holds (held?) no weight. It was completely wrong lol...

You are not correct, check the chart with the figures on wisdom, it was $645 in 16 M then reached to $590 today that is about 9 percent. i bought on this and will buy more if price go low