Quote from: 600watt on January 12, 2017, 12:00:50 AM

Quote from: JayJuanGee on January 11, 2017, 11:39:38 PM

Quote from: 600watt on January 11, 2017, 11:05:47 PM

fun fact:

after the last big run-up&crash in nov. 2013 it took 14 months to fall even below prior ath. and that was including the mtgox desaster.

this time around it took not 620 weeks but only 1 week. (without any goxlike desater)

someone is trying to ruin trust in bitcoin BIGTIME

You are just making up shit.. for what purpose?

We had a 3 month price run up from lower $600s to mid $1,100s, which is about a 90% price appreciation.

So far this has been about a 34% correction from the top.. and has not crossed below previous ATH of $266 nor has it even crossed it's starting point from only three months ago...

It's gotta get a lot worse than this before it rises to the level of some kind of disaster, as you seem to be implying..

Edit: maybe you are referring to the price falling below $780? still, that is a kind of artificial creation that you seem to be making in order to spread a kind of FUD... ...

yes, referring to that.
disappointment maybe. what i wrote is not made up but fact. i added fun fact to not make it sound to serious. because on the other hand we are still 2%1% up from last 30 days. oh, and i meant previous top not previous ath. thanks for pointing that out, with "previous ath" it really sounds like fud. sry.
i did not imply to spread fud.

Sorry. I admit that I was kind of flying off the handle a bit too... regarding my calling you names..

You know that these kinds of great price movements can cause a quite a bit of stress and even misreading of the market movement situations and even the wrong tone in this thread.. ..

So, yeah, I have not really considered you to be a FUD spreader - and sometimes, as you suggested, we might jump to the wrong conclusions or give more weight to one set of facts or another because we are trying to figure out a moving target.

For clarification, I do think that I am putting more emphasis to some facts as being relevant and material, and you seem to be putting greater emphasis to some other facts that I think are less relevant. There is nothing really wrong with our giving differing weights to differing facts or even coming to different conclusions regarding agreed to facts.

I agree with a point made by Toknormal regarding how long it has taken to get up from the mid $200s to the mid $1100s as being relevant in considering the kind of correction we are currently experiencing and what to expect.

I also think, as I already mentioned, that the 3 month rise from lower $600s to mid $1,100s is relevant as well. I think that a 3 month rise was fairly gradual and moderate (given where we were and how we got there) - however, upon retrospective analysis, most of us should recognize that the last three weeks of the rise from upper $700s to mid $1,100s did move quite a bit faster than what, in retrospect, should have been reasonably considered comfortable.

In other words, we were kind of due for some correction, and we are still in the realm of reasonable expected corrections, and sure it could go a whole hell of a lot further and longer than reasonable (which is frequently the case with bitcoin), but it is not inevitable that such further correction is necessary or even sustainable.... without bouncing back or at least coming back up with decent bounce.