Of course silver won't outperform bitcoins, not even close, but a trojan can't steal your silver bars.
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Good formulation indeed, I'll remember it. LOL
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Securing profits into a hedge is wise. But if you wait about 10 days to sell coins you might only get about 6 oz of silver per coin. Better don't buy silver now, sell coins for fiat, buy at the bottom and then sell for silver when it comes back to 200$ (or more) again.
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Last time I sold at 209.95, IMO 210 was the top on Gox, and now we are going to drop.
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Maybe every who was bidding panic bought to move the coins to btcchina and dump there.
Yes, IMO these last days Chinese traders bought on other markets, especially Bitstamp, and sold in China. That would explain the decreased gap between Bitstamp and Gox, besides the buying pressure that drove the price so high. What worries me is if China crashes very hard (I don't know, but it's possible), some of those coins may be withdrawn and sold on other markets, which could complicate the price formation and EW shapes. I hope they keep those coins in China.
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You understand that 10,000% means that for every 1 bitcoin you started out with in the beginning of that two week period, you ended up with the equivalent of 100 BTC (USD equiv)?
I doubt that you did this and I doubt it was possible.
Read again. I only said I made 1,000%, and that it might have been possible for someone else (superman) to make 10,000% IMO even Superman couldn't have made 10,000%, but maybe 2,000%. There just weren't enough profit points to take advantage of without massive risks. But congratulations on your 10x win, that's my desired target for the next big crash, I'll train for it. However, I now tend to believe we won't have now such a big crash, at least not on Gox. Maybe China will drop harder, but still not like in April.
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I didn't vote, but I won peanuts for years to come! After selling at 202$, I understood there will be another upward move, and bought back at about 203.5$, placed a sell order at 209.95 and went to sleep. I sold while asleep and got the top (for now), that's a first for me. I only made peanuts, but it was fun.
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Just checked again the EW sub-sub-wave count for this time of the bubble, and there could be another sub-sub-wave, so 5 instead of the 4 we already had. Sorry, I missed that 5th sub-sub-wave. As a consequence, I believe volume could pick up and it's possible to hit 210$, and after that we drop.
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This poll needs a third option, slow movement. If volume is low, price can't go up or down much. And you should extend the question to 48h, just in case volume stays low (72h if volume will be very low). After that, IMO 190$ or lower, although we might see a small bump to 205$ before the drop.
Tell that to everyone trading on BTCChina. Super-thin market depth and super-high volatility. Currently China seems to have gone to sleep, and volume is very low. I don't know if it will pick up tomorrow. What is annoying is that Gox has very low volume too, waiting for China to show the direction.
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This poll needs a third option, slow movement. If volume is low, price can't go up or down much. And you should extend the question to 48h, just in case volume stays low (72h if volume will be very low). After that, IMO 190$ or lower, although we might see a small bump to 205$ before the drop.
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I don't know if it will crash to less than 100$ soon. But the SR (which was only the catalyst) crash was wave A, and during capitulation the total drop is a lot more than wave A. My wild guesstimate would be about 120$ on Gox at the very bottom, based on today's ~200$ price, but this may change a lot after I see the first sub-waves of wave C.
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On Gox yes, but IMO China got so high too fast and with high volume. The higher the volume, the shorter time the EW sub-sub-waves take. I don't know what happens if one exchange is ready to start capitulation and others not (they have more time left). On Gox there should be time for another bump up, but to me it looks like China has run out of steam. It may go up again for one more time, and if resistance will be low it can reach a bit higher price, but that's all IMO. We'll see tomorrow.
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oda.krell, keep a close eye on the market indicators. While a small bump up is still possible IMO, if we are to enter capitulation (I mean start it, not end) things can get ugly quickly. To me the Chinese market looks like a re-enactment of the April 10th peak and crash.
Give up, you've been crying for 3 weeks now. Either take your losses or shut up. You won't be right much like proudhon after 1000 wrong predictions and then finally a drop. Quoted for future reference. And please DON'T listen to my advice.
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oda.krell, keep a close eye on the market indicators. While a small bump up is still possible IMO, if we are to enter capitulation (I mean start it, not end) things can get ugly quickly. To me the Chinese market looks like a re-enactment of the April 10th peak and crash.
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IMO what we are seeing is just a wave B on steroids, with btcnCNY shaping more like a bubble spike. But I just looked at the long term charts for both Gox and China and decided to cancel my buy order at 190$.
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November 12th 2013 it may be under 100$, if no new fiat enters the markets.
Do you ever get tired of being wrong? Are you able to think ahead a bit? Once this craze is over and it will obviously go down after the very peak, every holder is going to want to sell close to the peak. I believe we'll see an avalanche of coins, maybe up to 100k more coins into the market. It only takes 1 hour to transfer coins to the exchanges, but days to transfer fiat (if it's not already there). So for a few days the price will drop dramatically, and if not enough fiat will enter to compensate and resume an uptrend, we may end this year under 100$.
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There's a chance to hit 300$ during the next days, but after that it will crash very hard. November 12th 2013 it may be under 100$, if no new fiat enters the markets.
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Moving again, guess they decided the Bitcoin fairy wasn't going to come back and shower them with more cheap coins IMO in 2 - 3 hours btcnCNY will decide if the uptrend continues, or it crashes hard again. My guess is it will crash hard.
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The btcnCNY market should reach it's local peak in about 3 - 4 hours. After that, if it crashes, it will be interesting the see the influence on Gox.
It did crash, but this is IMO just the first phase. If support will be strong, then some upward movement is still possible, but to me it seems btcnCNY ran out of steam.
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Crash and Gox followed immediately.
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