M4v3R
|
|
February 14, 2012, 07:46:24 AM |
|
That's also the first level bottom S5032 predicted. Just sayin'
|
|
|
|
|
|
|
|
|
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
wobber
Legendary
Offline
Activity: 1064
Merit: 1001
|
|
February 14, 2012, 10:09:17 AM |
|
I am a big fan of the 33% retracement, I don't fully understand it but it seems very real to me.
When we get to 4.81, how can we see the up "retracement"?
|
If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
|
|
|
M4v3R
|
|
February 14, 2012, 10:37:29 AM |
|
I wonder what will happen if we go below 4.8
|
|
|
|
N12 (OP)
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
February 15, 2012, 07:30:46 PM |
|
42% correction so far. I will edit the title every time it does a new low.
|
|
|
|
Savior
|
|
February 15, 2012, 07:37:15 PM |
|
I have a feeling that will be soon.
|
|
|
|
waspoza
|
|
February 15, 2012, 08:04:54 PM |
|
Yup, set phasers to short.
|
|
|
|
YoYa
|
|
February 15, 2012, 08:17:26 PM |
|
Nagle... Nagle... Nagle...?
No, you say it backwards in front of a mirror...... Elgan... Elgan... Elgan... OH SHI....
|
|
|
|
Sargasm
Member
Offline
Activity: 112
Merit: 10
|
|
February 15, 2012, 10:08:14 PM |
|
I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.
Or... alternatively, there will be an uber crash which eventually will lead to stablization.
IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...
Maybe.
|
|
|
|
N12 (OP)
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
|
|
February 16, 2012, 03:49:05 AM |
|
OK, time for an update. 46% correction.
Can we go further? We will see.
|
|
|
|
smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
|
|
February 16, 2012, 05:53:10 AM |
|
I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.
Or... alternatively, there will be an uber crash which eventually will lead to stablization.
IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...
Maybe.
This is why the distribution process of Litecoin was done in a fairer manner. But then again there are arguments for and against litecoin.
|
███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
|
|
|
Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
|
|
February 16, 2012, 03:48:14 PM |
|
I'm starting to think what will ultimately destroy bitcoin is the concentration of coins from the early days.
Or... alternatively, there will be an uber crash which eventually will lead to stablization.
IF that is the case, there should be diminishing volatility as coin distribution involves market movements instead of hoarding...
Maybe.
This is why the distribution process of Litecoin was done in a fairer manner. But then again there are arguments for and against litecoin. Litecoin does not solve this problem, it just does the same thing on a different time scale. It's a misconception to think the price swings are a property of the coins or initial distribution; it's a property of the traders we have. The volume causing all this is massive, even compared to the total amount of Bitcoins out there. It's caused by strange behavior of speculators, and heavy fluctuations in the inflow of money. We need more time. Speculators that stabilize price will slowly accumulate a part of the coins and dollars on the market, slowing down the rough ride we're seeing. But that isn't achieved in just a few months, as I've been saying for almost a year now. One year of the trading chaos is not a long time considering Bitcoins have been minted for more than three.
|
|
|
|
alan2here
|
|
February 17, 2012, 04:39:03 PM |
|
Does anyone actually want a stable flat and level line price?
|
|
|
|
muyuu
Donator
Legendary
Offline
Activity: 980
Merit: 1000
|
|
February 17, 2012, 05:27:44 PM |
|
Does anyone actually want a stable flat and level line price?
I'd love a much flatter graph than the current one. A normal currency or commodity graph would do.
|
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
|
|
|
muyuu
Donator
Legendary
Offline
Activity: 980
Merit: 1000
|
|
February 17, 2012, 09:06:15 PM |
|
Does anyone actually want a stable flat and level line price?
I'd love a much flatter graph than the current one. A normal currency or commodity graph would do. You mean like something stable—perhaps silver. That would be enough. As hot as silver has been for the last few years, you won't see a 40% swing in 3 days.
|
GPG ID: 7294199D - OTC ID: muyuu (470F97EB7294199D) forum tea fund BTC 1Epv7KHbNjYzqYVhTCgXWYhGSkv7BuKGEU DOGE DF1eTJ2vsxjHpmmbKu9jpqsrg5uyQLWksM CAP F1MzvmmHwP2UhFq82NQT7qDU9NQ8oQbtkQ
|
|
|
|