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merockstar

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correction incoming?
« on: August 22, 2014, 02:41:20 PM »

all this buying seems to have stopped.

alot of people who don't really appreciate DPOS but bought in for speculation might be about to sell.

given how quickly this rose, I see a correction incoming.

think it'll go back down any?

Offline bytemaster

Re: correction incoming?
« Reply #1 on: August 22, 2014, 02:43:04 PM »
Hope so... we have some buy orders in to catch it :)
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Offline xeroc

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Re: correction incoming?
« Reply #2 on: August 22, 2014, 02:44:40 PM »
too bad I bought all I can at 0.007$ .. damnit ;-)
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Offline patrickb323

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Re: correction incoming?
« Reply #3 on: August 22, 2014, 02:46:40 PM »
I sure hope so. My accumulation plans were thwarted with this spike.

Offline dxtr

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Re: correction incoming?
« Reply #4 on: August 22, 2014, 05:10:21 PM »
Chineese folks have between 3/4 and 4/5 of entire daily volume, so you can expect small price hiccups during their night time.
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Offline Riverhead

Re: correction incoming?
« Reply #5 on: August 22, 2014, 05:17:49 PM »
Broker->Bank->Coinbase->Exchange takes days. I probably can't buy any more in quantity until Wednesday. I suspect many are in the same boat.  We'll probably see waves of volume.

Offline dxtr

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Re: correction incoming?
« Reply #6 on: August 22, 2014, 05:35:37 PM »
Broker->Bank->Coinbase->Exchange takes days. I probably can't buy any more in quantity until Wednesday. I suspect many are in the same boat.  We'll probably see waves of volume.

I think many of us have some BTC/altcoins in their wallets so it's not necessarily that long to buy some BTSX.
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Offline Riverhead

Re: correction incoming?
« Reply #7 on: August 22, 2014, 05:38:33 PM »
Broker->Bank->Coinbase->Exchange takes days. I probably can't buy any more in quantity until Wednesday. I suspect many are in the same boat.  We'll probably see waves of volume.

I think many of us have some BTC/altcoins in their wallets so it's not necessarily that long to buy some BTSX.


I exhausted those weeks ago :D

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Re: correction incoming?
« Reply #8 on: August 22, 2014, 05:39:18 PM »
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Offline Akado

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Re: correction incoming?
« Reply #9 on: August 22, 2014, 07:03:29 PM »
hope the price goes down. im still 2/3 away of the amount i want  :'(
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Offline mf-tzo

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Re: correction incoming?
« Reply #10 on: August 22, 2014, 07:13:05 PM »
be careful what you wish for...if the price goes down now I don't think we will overtake LTC within the next months to come... In order to overtake LTC long term we need to do this before any bitasset is launched...

Offline donkeypong

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Re: correction incoming?
« Reply #11 on: August 22, 2014, 07:26:43 PM »
be careful what you wish for...if the price goes down now I don't think we will overtake LTC within the next months to come... In order to overtake LTC long term we need to do this before any bitasset is launched...

I disagree. Once the assets are launched and this works, I think we're going to have a lot more people getting in. We ain't seen nothin' yet.

Offline mf-tzo

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Re: correction incoming?
« Reply #12 on: August 22, 2014, 07:34:40 PM »
when bitassets start it will be the point zero and the beginning.. It is always better point zero to be higher...if you believe that bitshares will worth billions it will be irrelevant the market cap of i.e. $300 mil but it will provide a great safety net...
if we see a correction and go below NXT upon release of bitassets then there will be a loooongg run to get again where we are today...

merockstar

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Re: correction incoming?
« Reply #13 on: August 22, 2014, 07:58:35 PM »
be careful what you wish for...if the price goes down now I don't think we will overtake LTC within the next months to come... In order to overtake LTC long term we need to do this before any bitasset is launched...

I don't think I agree.

20-40 million isn't shit in the grand scheme of things.

it was a couple years ago, but with so many more people knowledgeable of bitcoin, bitshares isnt that far of a leap.

as we've seen with bitcoin, when whales decide to get in, they'll really get in.

we could totally eat a correction and be just fine in the end. fundamentals are what matter.

Offline CLains

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Re: correction incoming?
« Reply #14 on: August 22, 2014, 08:02:17 PM »
price is what we all value BTSX at

do we even bother to sell? not yet it seems

people are in this for the 10x gains..

who cares about 3x? time will tell
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