i sold ...
Yay, not it can go much higher. Thanks Adam Today i did some panic buying and panic selling wow what a day... Did you make a dime profit?  3$ |
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Well, this seams to be new batches of bitcoiners, as its users peaks also. This new folks tend to panic sell once they see it drop, therefore the crash is unusually hard. Remember last year? It crashed to almost 2 USD. Once the panic sell settles bitcoin corrects its behavior, if it goes like last year again.
ya but last year it went mush higher then it should have... plus there was really good resons to sell bad news everywhere! now all this is a good old fashion correction the rally to 10 was justified... and is a reasonable value for bitcoins given the new demand i think this correction will be even smaller then the one from the 7.22 high |
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Well, it starts to look like a pattern, bitcoin starts to raise in June and drops dead in September. Wonder what causes this... summer holidays? For those believing in miracles and claiming to not see the "J" shape of a bubble, just look at 1 year chart... you'll see it there, just by late July. [http://bitcoincharts.com/charts/mtgoxUSD#rg360ztgSzm1g10zm2g25zv] Good news however, this time the bubble didn't went postal, just up to 13, maybe still go up to 15, so its drop will be "soften", perhaps to 4~5 USD for a while to recover to 7~8. So yeah, bottom line: it's a great time to sell and welcome the new batch of bitcoiners. Let's see about next year, if it goes as before, they will become disappointed about bitcoin (making a hell of good time to buy) by October, learn how to use it by Jan-Feb 13 (if the World doesn't end in 2012 that is) and by Feb-Jun'13 we can expect a smooth bitcoin behavior before the summer peak again. Just my 2 cents...  "4~5 USD" i lol'd the crash wont pass 10... summer rise is probably due to Tax returns coming in. |
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why is no one taking about the crashing going on?
denial?
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i am not useless. i can be used as bad example. :-P
bitcoin bubble part duex. prepare your exit plan kids.
IF that happens we'll just snap 'em up at wholesale discount again you make it sound like you know when to exit. 100% profit? 200% profit? what is your exit plan? don't let greed win out. set your stop loss in your head before you ride it down. the wall at 13 will hold... OH SHIT NO WALL! Edit: now theirs a wall |
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 so, is the CAD going up, or the USD going down? |
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Let's help them out. How would *you* write the law making Bitcoin illegal? I guess it would require a definition to label it. It would also need an action that would be observable. I'm just wondering how it can be done without making teaching math itself illegal.
"It is illegal to transfer Bitcoins" writing the law is easy... enforcing it would be harder. why look week by passing a law you know you will fail to enforce? Relabel: BitUnits edit: and at the pace of government that'll buy us at least 6 years. plus how are they going to look when they once again STEAL OUR MONEY! when are people going to get mad? |
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Let's help them out. How would *you* write the law making Bitcoin illegal? I guess it would require a definition to label it. It would also need an action that would be observable. I'm just wondering how it can be done without making teaching math itself illegal.
"It is illegal to transfer Bitcoins" writing the law is easy... enforcing it would be harder. why look week by passing a law you know you will fail to enforce? |
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i sold ...
Yay, not it can go much higher. Thanks Adam Today i did some panic buying and panic selling wow what a day... |
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He's aware of Bitcoin. He was a Twitter follower of mine and also followed my blog.
Yes and he breaks that statement about old dogs and new tricks... reading an article or a twit about bitcoin is much different then going out and actually downloading the client and acquiring 10 BTC. you will always find exceptions. I see a few on this forum. if those metal gurus ever started preaching about bitcoin all the hard core gold/bullets/food bugs would drop them so fast and laugh at them. To think they should spend their gold/silver or current fiat holdings for something like bitcoin which is a digital currency is very funny. 50 and 60 year olds know about the metals from past experience in the 80s. they saw the elephant with their own eyes. to expect them to learn a new trick, attempt to understand why bitcoin is useful, why it could possibly have value, will just glaze over their eyes. they will just continue to stack those metals. fiat == bad. inflation. govt. corrupt digital currency == worse. no intrinsic value. no long history. can disappear with a crash of a PC (pls don't bother with saying backups, they have enough trouble holding onto digital pictures), limited acceptance in places they frequent, etc... metals == i control it. always has value. never goes to 0. chance to keep up with inflation. etc... Wow I read the first two sentences of what you wrote and couldn't read anymore. Someone has a sour attitude towards the metal gurus....  metal gurus are useless. a blind squirrel should have saw the nut that 7-10 silver was. i went through 1000s of ounces selling on ebay with the stupid premiums people paid. non stop flipping until it went to about 20 an ounce. That is when I stepped back and said it was a good ride but i no longer think silver is worth 20 an ounce. let others take the risk. sold my gold coin collection (liberty half eagles 1839-1908) and put it as down payment on the house i am living in. housing market crash was good timing to purchase. gold is over priced when coming out of the ground at 600-800 an ounce. then i decide i no longer want metals, i have my house, i think stocks are cheap. especially dividend paying stocks. people sold them off. i bought those. good times there. now they are expensive though. i do not bother listen to metal gurus who say the same thing decade after decade.. finally getting it right this decade. i think for myself. i look for next opportunity. so i am not sour on them. i am bored of them. like listening to a parrot screeching for a cracker. when people want bitcoins, bitcoins, bitcoins.. i want out of them. time to sell. sell as fast as you can. move on to greener pastures that have more potential. nothing wrong with a profit! old dogs, new tricks. they will not get bitcoin. no interest in it. they know gold and silver though. and as before they will ride it up up up.. and all the way back down. commodities have been doing this cycle for 200 years. end rant. so tell me are are you doing next? |
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 looks like a new "top" |
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Heard Adam bought some coins, I sold asap! why, whywhywhy would you do this to me NOOOOOOOOOOOOOOOOOoooooooooooooo oh wait ya 13.19 and climbing, ok keep selling.. |
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what ever happened to wave addict?
is he still sending out e-mail?
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can we put it to a vote
i can make a poll
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oops. even MOAR Adam! hahaha gold line can suck it! I'm buying more BITCOINS!!!!!!!!!!!!!!!!!!!!!!!!!! |
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...trying to MAKE me invest
really annoying.
Just like we try to make you to invest you guys dont call me on my home phone |
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fucking gold line....
i signed up to their site once thinking about buying gold
now they call me once a month trying to MAKE me invest
really annoying.
They just called me again ...
Gold line is stupid. Apmex or local shops work better. Try craigslist. gold sucks balls, bitcoin rules all. |
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