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Author Topic: How long this correction will take?  (Read 4805 times)
Dutch Merganser
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January 27, 2012, 03:01:53 PM
 #61

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.

This chart seems to have worked for me right along through the price decline, the values it has shown seem consistent with the activity.

Is there a better chart I'm missing?

http://bitcoincharts.com/markets/mtgoxUSD_depth.html

"Science flies you to the Moon, religion flies you into buildings."
 - Victor Stenger

"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
 - Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
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cbeast
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Let's talk governance, lipstick, and pigs.


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January 27, 2012, 04:31:04 PM
 #62

Now I am suspicious that there is someone intentionally burning lots of money *just* to make Bitcoin look bad. Screw them. Soldier on, Bitcoin Army!

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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January 27, 2012, 05:11:58 PM
 #63

Not sure how long the correction is going to take but at least a temporary bottom has been found. In fact when I look at the current situation it seems that all the movement from $6 to $5 looks like a strong bear market panic move and at least temporarily the fuel has run out. With a bear market I refer to the short term of course.

I believe $5 must break before there can be another wave of selling, otherwise this will be the bottom.

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