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Guys, I just sold everything again.
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It doesn't feel like we are going to go much lower  yup looks like a bottom ( on one wants to sell coins for less then 10$ ) watching for high volume / low price moment to make it definite. I'm assuming you're just trolling like I do sometimes. |
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Also, Bitcoinica, Bitcoin Consultancy, Bitcoinica Consultancy, Amir, Patrick, etc, etc,...
It's good to have a reminder every now and then.
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Ok, let's keep going down, I just sold everything at ~$9.85.
You're welcome everyone for the indicator. |
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I tried out my MtGox YubiKey on the blockchain wallet service, and I noticed the OTP's that it generates are REUSABLE. It seems Blockchain.info is only looking at the first few letters of the OTP, as they are static, you can actually change the end of the OTP and the website will still accept it.
Doesn't sound secure at all to me and is definitely something that needs to be addressed. This is not 2-factor authentication.
Good lord. That's a pretty big deal. |
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Ok, let's keep going down, I just sold everything at ~$9.85.
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Paging Dr. Prouhon. Your single digits have returned.
Isn't it wonderful? Now let's see if they'll stick around into April like I guessed. |
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Single digits!
 So I guess we can start testing new lows and that being said some on here in the forum have talked about 2 and 3 dollar coins but what to stop it from going to 1 or lower? I say nothing based on supply and demand. If Pirate is to believed (and that's a big assumption), then he's the one who stopped it going below ~$2 last time. If that's right, then without a Pirate to save bitcoin, then it's not out of the question to go $2 and lower if everyone keeps bailing out in the coming months. In any event, what seems clear enough is that we're going to be in a downtrend for quite a long time again. Like I said earlier, winter is coming. |
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Just want to get an updated glance at sentiment.
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Wow, somebody is pushing down really hard. Run with it guys. Make his dreams come true.
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Be really careful if you're thinking about panicking right now.  |
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Heh, your single digit prediction might just come true
I think there's a really good chance of it. It all depends on what happens in the next few weeks, I think. And, really, it turns on whether there's a strong move up. If there isn't soon, then I think the weight of this weekly crossover will depress the price for several months. The wild card is the reward change, but I'm of the opinion that if anything it will negatively affect price.QFT. Especially when all these new asic miners, who now get half of what people are used to, want a ROI of their hardware. They spent millions of dollars.. and do we really think they are all going to horde btc? Nope. They want their USD back ASAP. Then maybe they will horde btc again. If I spent 5K on asic hardware.. i know I would want my USD back. At that point it is not a hobby but a business. This is a large part of why I think the price is going to go down in response to the block reward change. I think it's even possible it turns into a pretty serious 2011-style crash. As ASIC miners sell and compete with each other to sell in order to recoup their costs, other people will sell their bitcoins in order to sell before more miners sell, and so on. Maybe things won't turn out that way. In any event, soon enough we'll know. |
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Heh, your single digit prediction might just come true
I think there's a really good chance of it. It all depends on what happens in the next few weeks, I think. And, really, it turns on whether there's a strong move up. If there isn't soon, then I think the weight of this weekly crossover will depress the price for several months. The wild card is the reward change, but I'm of the opinion that if anything it will negatively affect price. |
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Winter is coming...  |
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These spikes could be the result of bit4x hedging..
This is the best explanation so far. If trading on leverage gets popular again the price will go down, a lot. |
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Man, I've really been out of it for a while now, and haven't watched the charts very closely at all. I'm completely lost and have absolutely no clue on where we're headed from here in the coming months, honestly. Have fun everyone.
I expect more plunge from the Llama If anything, this is an extremely bearish sign. When he was certain we were going down, we went up. Lol Just doing my job to get things moving. |
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Man, I've really been out of it for a while now, and haven't watched the charts very closely at all. I'm completely lost and have absolutely no clue on where we're headed from here in the coming months, honestly. Have fun everyone.
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Finally got my Bitcoin Investing and Trading Chart Hub up and running.  |
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His comments would be funnier if they didn't represent most people's initial reaction (e.g. "It's made on a computer, therefore it can be copied and cheated, therefore it cannot be trusted and should be worthless"). It adds to the already overwhelming sense I've got that for bitcoin to truly go mainstream an enormous portion of the public will need to get a basic intro to cryptography. I'd wager that most people don't even know what modern cryptography is, let along that it already makes possible nearly everything they do online. |
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I think LTC still has some life in it, and it could end up getting stuck into an inverse price relationship with bitcoin, which would be interesting. I don't see any reason to think of it as a serious contender against bitcoin. I bought a bunch a while back as a gamble to recover my bitcoinica losses and I've almost done so. FWIW, I sold about 20k LTC this morning for BTC.
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