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When this sort of thing was going on last year it was stressful, and I snapped. Since I've paid off my initial investment and I'm up by a whole lot, it's entertaining.
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Atm I think its buy on namecoin, they're nearly double what I paid for some a couple of days ago.
Damn, how'd I miss that? You mean BTC is nearly half what it was a couple of days ago. Well, yeah, there's that. |
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The Bitcoin market is certainly small enough that large-scale manipulation is entirely possible -- someone with 400K BTC could easily push most other investors/speculators around. The manipulators can try their big money manipulations. There is no guarantee they will make money. Genuine long term investors have nothing to fear from manipulators. If we stick to our beliefs and buy on dips and hold for the long term, we will do okay. There's no guarantee, but it's a pretty good bet. |
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Atm I think its buy on namecoin, they're nearly double what I paid for some a couple of days ago.
Damn, how'd I miss that? |
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No matter who started it (that piratesomething), and why, but we're facing the end of Bitcoin. I see no way that this crash would stop. It'll go down, below 1$ and no-one will have any interest on mining, or using Bitcoins anymore. So I want to thank you all for these years, we had a good run, but maybe the world was not ready for this yet. Later we can find out what went wrong and maybe some day try again. Thank you, horgh is out.
It won't end just like that. In summer of 2013 the price will rally all the way back up to $7.50 or so and then crash. In 2014 the price will rally all the way back to $3.75 and then crash. 2015 will see a strong rally back to $1.87 followed by a crash and a healthy 2016 rally back to $0.93. In 2017 LTC will rally to $100 and bitcoin will be done. You heard it hear first folks. |
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Careful, don't buy back too early guys.
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I hope so! I want it to go to $2 again, and I believe pirate and his posse can make it happen.
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Nope. It's tempting though because I think we're headed down much further.
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Me thinks recent rise from 5 to 15 was due to people buying to invest in pirate 7%/week scheme; now it's going back to 5, and probably could dip into 1-2 range because pirate must sell his earnings (which is 500k bitcoins)
This. On the bright side, this, what, the third time people will get z chance to be early investors. Hey, maybe in the end everyone will get to be an early investor!? |
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Now is an extremely good opportunity to buy. I just fear I can't get money into the exchanges fast enough to get in on the really cheap coins.
Seriously? If this isn't a clear trend reversal, I don't know what is. Get your money in. Take your time. The price isn't going to go back up. We're headed for $5, and you've got plenty of time to prepare for it. |
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fall baby, fall! i got 4 kids to feed, man!
GO GO GO Sell SEll I wanna buy at 6.8 Pfff, I'm not buying now until we hit $2 again. Get your bear back. Everything was better before  Haha, I knew changing my avatar would change the market. Nah, Ima keep the bull for a while cuz I want the price to go down even more. |
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fall baby, fall! i got 4 kids to feed, man!
GO GO GO Sell SEll I wanna buy at 6.8 Pfff, I'm not buying now until we hit $2 again. |
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That was kind of similar to last years June - will the correction be similar as well?
Yes, I think so. |
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amazing how a small purchase of 500 btc, as in got to have them right now, will push the price up such a nice little bump percentage wise.
(too lazy to do the math. i guess 3%)
Sure, but the price isn't moving in that direction. not....yet  Eventually, sure. But we're probably at the early stages of a major correction that will last for months. Retouching $2 is still not out of the question. |
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amazing how a small purchase of 500 btc, as in got to have them right now, will push the price up such a nice little bump percentage wise.
(too lazy to do the math. i guess 3%)
Sure, but the price isn't moving in that direction. |
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there is like 1700btc for sale from $11.11 to $12.00 Looks like people are refusing to sell below $11.50 or even $11 for that matter. No. It looks like they're not even bother to create standing sell orders and are instead selling directly into the bids. |
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Well, gosh, now that bitcoinica is gone and pirate's shutting down his operation, where are we all going to centralize our decentralized currency?
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Was the drop from $15.40 down to $10.60 part of that prediction ...
Correct. The retracement went a bit higher than I expected, but I think being within 3 days of a major top is pretty damn close  . $12.16 would be the first fib resistance point about 38% whereas $15.40 is about 50% which is the next major resistance point. I think it's likely that Wave B is over and Wave C of II has begun to the downside. As I said in the OP, I'm still holding long with the coins that I already have, but I'm not buying any more coins until they reach around the $2 level again (unless my outlook changes). Today's action certainly looks more like a major reversal rather than YANC (yet another normal correction):  Cypher, can I put my dancing bear back up now? |
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Sorry, here in bitcoin land we don't short anymore. We tried it, but it just fucked everything up. Your only option is long.
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I sort a wish I had my bitcoins on an exchange right now...but, nah, I'll keep them safe in a offline wallet. Have fun guys!
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