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Author Topic: How long this correction will take?  (Read 4811 times)
piramida
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January 17, 2012, 10:58:50 PM
 #41

Hey rape away, I just want to see some stability.

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

i am satoshi
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Vandroiy
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January 17, 2012, 11:08:32 PM
 #42

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.
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January 17, 2012, 11:10:50 PM
 #43

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

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proudhon
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January 17, 2012, 11:11:56 PM
 #44

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Yes, the depth rearrangement was a clear signal to me.
zby
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January 25, 2012, 05:28:04 PM
 #45

OK - I think now is a good time to revive my question.  So far it does look like a prolonged correction.
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January 25, 2012, 05:30:51 PM
 #46

People getting anxious with no movement, that's all
Blitz­
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January 25, 2012, 05:32:06 PM
 #47

It’s possible that the move to 7.2 was just a bear market retracement. If that’s the case, we should be seeing new lows as we resume the downtrend.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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January 25, 2012, 06:01:31 PM
 #48

It’s possible that the move to 7.2 was just a bear market retracement. If that’s the case, we should be seeing new lows as we resume the downtrend.

Saying "it's possible" is so dangerous when trying to explain something. Anything is possible, so it's like picking from a set of possibilities  to explain something..... with anything. It's possible that that bear market retracement is itself a retracement of a retracement of an upwards trend. c wut i did thar?

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Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
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January 25, 2012, 06:03:57 PM
 #49

Ok, let me rephrase: I believe there is a good probability … I hope it won’t happen though. I really hated this bear market.

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
vokain
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January 25, 2012, 06:09:55 PM
 #50

C'est la vie!

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Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
BTConomist
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January 25, 2012, 06:28:58 PM
 #51


What correction?...
Oh, you mean this https://bitcointalk.org/index.php?topic=61101.0

Bitcoins are earned, not traded! If you plan on hoarding BTC, you're on my target list. (And yes, it is possible to swim in BTC.)

Don't give me that Bull... I'm one of those honey eating Bears that the bees hope to never meet again... Viva la BTC!!!
StewartJ
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January 25, 2012, 06:58:24 PM
 #52

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Yes, the depth rearrangement was a clear signal to me.

What sort of re-arrangement did you see?
proudhon
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January 25, 2012, 07:09:20 PM
 #53

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Yes, the depth rearrangement was a clear signal to me.

What sort of re-arrangement did you see?

At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.
vokain
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January 25, 2012, 07:14:39 PM
 #54

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Yes, the depth rearrangement was a clear signal to me.

What sort of re-arrangement did you see?

At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.

Even so, they still create effects throughout the market and lots of money redistribution.

...مكتوب
Escape the plutocrats’ zanpakutō, Flower in the Mirror, Moon on the Water: brave “the ascent which is rough and steep” (Plato).
StewartJ
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January 25, 2012, 07:27:36 PM
 #55

Stability comes with more educated speculators / more money in the system. I guess today was a good lesson.

I think it suffices to transfer the money to the more sane speculators.

The bottom peak order that got the last Bitcoinica liquidations was mine. Om nom nom. I'm selling the coins again right now lol. Already got over 2k through, instant profit is instant.

And it was just so predictable. I was laying out the pieces in the forum, am I supposed to tell people where to place orders for free money now? Pff.

After I saw the depth shift dramatically yesterday, I got out fast...

bitcoinica was a ticking time bomb...

Yes, the depth rearrangement was a clear signal to me.

What sort of re-arrangement did you see?

At the time a large number of bids were taken down and huge number of asks went up, effectively reversing the look of the order book.

Holy Cow...
damnek
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January 25, 2012, 07:35:00 PM
 #56

The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.

Be a voice, not an echo
StewartJ
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January 25, 2012, 07:36:09 PM
 #57

The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.

That was coincidentally very inconvenient, yes.
proudhon
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January 25, 2012, 07:36:40 PM
 #58

The depth chart on bitcoincharts froze before the big sell off.. I'm starting to suspect them of manipulating the charts.

It's been frozen for several days now.
zby
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January 27, 2012, 10:50:09 AM
 #59

3 weeks of correction - are we midway?
proudhon
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January 27, 2012, 11:23:37 AM
 #60

3 weeks of correction - are we midway?

Probably.
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