Bitcoin Forum
December 09, 2016, 09:38:28 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 [4] 5 6 »  All
  Print  
Author Topic: 94% correction? [46% so far]  (Read 7977 times)
RyNinDaCleM
Legendary
*
Offline Offline

Activity: 2002


Legen -wait for it- dary


View Profile
February 06, 2012, 03:40:08 AM
 #61

Now, for the fellow chartists: http://www.sierrachart.com/userimages/upload_2/1328458777598.png

We have 3 trendlines, let’s call them short, mid and long term.

Short term is broken, mid term is about to be tested now.
Update http://www.sierrachart.com/userimages/upload_2/1328494454347.png

Price has bounced off the mid term trendline for the second time now. We may have done a double bottom, but there has also been a kind of double top at 5.8.

Interesting stuff going on for sure.

It's the Batman trend!

1481319508
Hero Member
*
Offline Offline

Posts: 1481319508

View Profile Personal Message (Offline)

Ignore
1481319508
Reply with quote  #2

1481319508
Report to moderator
1481319508
Hero Member
*
Offline Offline

Posts: 1481319508

View Profile Personal Message (Offline)

Ignore
1481319508
Reply with quote  #2

1481319508
Report to moderator
1481319508
Hero Member
*
Offline Offline

Posts: 1481319508

View Profile Personal Message (Offline)

Ignore
1481319508
Reply with quote  #2

1481319508
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
Transisto
Donator
Legendary
*
Offline Offline

Activity: 1624



View Profile WWW
February 06, 2012, 05:03:22 AM
 #62

Sometime I feel like ignoring everyone in speculations threads,

How can you spew up so much non-sense,  Bitcoin market is based much more on fundamentals than any other penny stock.

I don't know what the F you're you're talking about,   How can btc get to 50c without any major news Huh
adamstgBit
Legendary
*
Offline Offline

Activity: 1904


Trusted Bitcoiner


View Profile WWW
February 06, 2012, 05:09:58 AM
 #63

Sometime I feel like ignoring everyone in speculations threads,

How can you spew up so much non-sense,  Bitcoin market is based much more on fundamentals than any other penny stock.

I don't know what the F you're you're talking about,   How can btc get to 50c without any major news Huh

they were thinking, they could bring down the price with their thoughts! hahaha

scary thing is, they had these thoughts and then the price went down just a little bit more.

rebuilder
Legendary
*
Offline Offline

Activity: 1618



View Profile
February 06, 2012, 09:17:21 AM
 #64

If we assume the top is 7.22 and there is again a months long 94% "consolidation", the low would turn out to be 0.45 USD.

why would you assume any of that?


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!
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
February 06, 2012, 10:15:27 AM
 #65

[Early June 2011]
Sometime I feel like ignoring everyone in speculations threads,

How can you spew up so much non-sense,  Bitcoin market is based much more on fundamentals than any other penny stock.

I don't know what the F you're you're talking about,   How can btc get to $5.00 without any major news Huh

See it?

why would you assume any of that?
Why the hell not? There’s been a rally from November to January, so if we consider it over, it’s interesting to extrapolate how much downside we had last time a 3 months rally ended.

You shouldn’t take it seriously. I don’t think it would go that far. It’s just a provoking thought experiment. Smiley

"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
gewure
Sr. Member
****
Offline Offline

Activity: 364


[#][#][#]


View Profile
February 06, 2012, 06:27:24 PM
 #66

[Early June 2011]
Sometime I feel like ignoring everyone in speculations threads,

How can you spew up so much non-sense,  Bitcoin market is based much more on fundamentals than any other penny stock.

I don't know what the F you're you're talking about,   How can btc get to $5.00 without any major news Huh

See it?

why would you assume any of that?
Why the hell not? There’s been a rally from November to January, so if we consider it over, it’s interesting to extrapolate how much downside we had last time a 3 months rally ended.

You shouldn’t take it seriously. I don’t think it would go that far. It’s just a provoking thought experiment. Smiley

with the possible outcome of killing bitcoin. congratulations!

think about it out-of-the-box: bitcoin trades for >5.3$ since one month, and you come here and tell us seriously you are doing a "provoking thought experiment" when you spread FUD about bitcoin droping 94% to 0.5$?!

its like doing a fire insurance on your neighbours house and then starting to play with fire at his place, tell him that you really think his house burns already, and if he says "no, it doesnt" you say "well! that is just a provoking thouhgt experiment, what IF your house burns to the ground like the house of my other neighbor did (where i also had a fire insurance and played alot with those neat lighters)?<insert trollface>" ..

 Angry
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
February 06, 2012, 07:04:44 PM
 #67

u mad bro? I think you need to adjust your risk management regarding Bitcoin, clearly you have too much at stake. Grin

So someone makes a bearish thread and then suddenly everyone sells and Bitcoin dies? If so, I think it deserves to die.

"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
Maged
Legendary
*
Offline Offline

Activity: 1260


View Profile
February 06, 2012, 08:03:26 PM
 #68

Interestingly enough, if you compare the magnitudes of each rally and assume that they will drop as much as the first rally as a magnitude of the percentage, you get a "perfect" estimate of a 33% drop from our high of $7.22, bringing us down to $4.81.

...God damn 33% percent retracement rule.

Crypt_Current
Hero Member
*****
Offline Offline

Activity: 686


Shame on everything; regret nothing.


View Profile
February 06, 2012, 08:22:45 PM
 #69

So someone makes a bearish thread and then suddenly everyone sells and Bitcoin dies? If so, I think it deserves to die.

+1
We all have to bear the burden of socializing Bitcoin in order for it to succeed.  This is not such an easy task for the introverted, and it could well serve to change some individuals for the better in rather unexpected ways.

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
proudhon
Legendary
*
Offline Offline

Activity: 1148



View Profile
February 08, 2012, 11:59:02 AM
 #70

Ok, so now I'm convinced that somebody just in principle wants the price to go down.
Sysrq
Member
**
Offline Offline

Activity: 66



View Profile
February 08, 2012, 12:00:14 PM
 #71

And he is doing it right now !  Sad
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
February 08, 2012, 12:01:00 PM
 #72

Ok, so now I'm convinced that somebody just in principle wants the price to go down.
Wat do, proudhon? Wat do? Sad

"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
muyuu
Donator
Legendary
*
Offline Offline

Activity: 924



View Profile
February 08, 2012, 12:05:41 PM
 #73

Patiently awaiting yesterday morning prices to get some coins Smiley

GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D)
forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
February 08, 2012, 12:07:41 PM
 #74

The trendline I have drawn seems to be violated now. I was wrong about the 5.45 bottom.


"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
Technomage
Legendary
*
Offline Offline

Activity: 1624


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
February 08, 2012, 12:13:15 PM
 #75

I see this as a manipulation attempt based on the predictions of what will happen if $5.4 breaks. It doesn't make any sense otherwise, someone who simply wanted to exit the market with 40k BTC would've sold smaller amounts at a time, not all 40k at once. The market had no signs of crashing so the seller would've got a much better price by selling in smaller amounts. That dump was very intentional, the question is will people fall for it. I'm not falling for it.

Denarium - Leading Physical Bitcoin Manufacturer - Special Xmas deals now live!
NamelessOne
Legendary
*
Offline Offline

Activity: 840



View Profile
February 08, 2012, 12:14:36 PM
 #76

Yes exactly. I haven't yet myself. Panic doesn't appear to have been started yet. Watching things.
Blitz­
Moderator
Legendary
*
Offline Offline

Activity: 1596


"Cut Your Loose"


View Profile
February 08, 2012, 12:15:40 PM
 #77

It’s good to see how well Bitcoins are distributed so that people can just dump 40k, really.

What a relief! I am thankful for our early adopters. Makes it awesome to hold Bitcoins.

"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
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504



View Profile
February 08, 2012, 12:27:47 PM
 #78

It’s good to see how well Bitcoins are distributed so that people can just dump 40k, really.

What a relief! I am thankful for our early adopters. Makes it awesome to hold Bitcoins.

What makes you think it's an early adopter?

Just three months ago they could've got 40k coins for $20,000 $80,000... which is not outside the grasp of an average person.


(edited to fix my stupidity)

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
Mushoz
Hero Member
*****
Offline Offline

Activity: 686


Bitbuy


View Profile WWW
February 08, 2012, 12:28:38 PM
 #79

It’s good to see how well Bitcoins are distributed so that people can just dump 40k, really.

What a relief! I am thankful for our early adopters. Makes it awesome to hold Bitcoins.

What makes you think it's an early adopter?

Just three months ago they could've got 40k coins for $20,000... which is not outside the grasp of an average person.

They never got far below 2 dollars each, which makes 80k $ for 40k coins.

www.bitbuy.nl - Koop eenvoudig, snel en goedkoop bitcoins bij Bitbuy!
realnowhereman
Hero Member
*****
Offline Offline

Activity: 504



View Profile
February 08, 2012, 12:29:45 PM
 #80

It’s good to see how well Bitcoins are distributed so that people can just dump 40k, really.

What a relief! I am thankful for our early adopters. Makes it awesome to hold Bitcoins.

What makes you think it's an early adopter?

Just three months ago they could've got 40k coins for $20,000... which is not outside the grasp of an average person.

They never got far below 2 dollars each, which makes 80k $ for 40k coins.

Duh.  Sorry; that's what I meant.  Pillock that I am.

1AAZ4xBHbiCr96nsZJ8jtPkSzsg1CqhwDa
Pages: « 1 2 3 [4] 5 6 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!