Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
BTCSTOCKZ
on 29/11/2013, 23:12:03 UTC
Confession - I went a little bit into fiat at 1215, so I am hoping for a bit of a correction.

Hey - it's no fees weekend, am I forgiven?
No need to confess. In the heart of every bull they know deeply this is highly overvalued. You just have the balls to admit it.

I have bowls!!!  Cheesy Cheesy

But I don't understand why the price is wrong so that it needs a correction!!!

Would anyone care to give a logical explanation?

You need to stop viewing the term correction as a negative thing, markets rally up, correct down, consolidate, trend sideways, break out. All of which are healthy behavior. If the price continued to rise every day without fail, how would bitcoin every be used for commerce? From now on when someone says 'expect a correction' think 'yisss!' because a healthy correction will lead to a healthier continual growth.

/\*exactly! ~ $BTC being hoarded by the elite until we hit//^$10,000+ imho! =)