Party is starting... Maybe TODAY we will see Risto's low before we see a new ATH (tomorrow)... forget months. We're talking days, maybe even hours here.  |
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A. Incredibly bullish news spurns the market upward suddenly forcing the money on the sidelines back in causing a new huge rally.
B. The market consolidates where it is (around $900) for 1-4/5 weeks. This would be the most bullish scenario and would be similar to the consolidation around $120-$130 a few months ago.
C. The market ebbs sideways and downward over the holidays as the holiday season wins the news cycles and people hold off on investing and sending more funds to markets. In this scenario, we DO NOT reach another low past the $600ish already established. This would be very similar to the April rally where people expected it to test the low of $50s but it only got to $66, because everyone wanted to buy low.
I think C is most likely given the holidays. We will trend sideways to down, we will start a slow upswing sometime before $600. Somewhere from Dec. 30th to Jan. 31st that upswing will gain momentum and by sometime in February we will be in full fledge rally mode again. I also think this scenario could happen before February as well.
I really think (and hope) that the 2nd scenario is the most probable. Anyway I'm not giving up my coins even if the price falls lower than 600. I believe that most here think the same way even if they are partialy BTC/Fiat. |
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Any predictions on movements in the BTC markets in the next 24 hours?
Up, because I am all out, waiting for a dip.   |
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Goodnight people; have a nice ride! |
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Nice going Goat! Happy riding!  |
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For you or your girlfriend? I guess she gets to ride in it regardless though! So happy for you!!  |
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my timing may be off by a few satoshies, wtv satoshies are really small.
0
I think I'll start an adamstgBit fan club. Who's down? +1 |
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GIMME THAT FUNKY...
CHOOfucking CHOO!!!
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* macsga grabs popcorn... |
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European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels. The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.http://www.cnbc.com/id/101263206No comments... so hmmm do we declare capital gains before or after the bank steals our money? i'm confused. That should be after taking our cars and homes I guess..  |
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European finance ministers have reached the basis of an agreement to wind down failing banks and share the costs, Eurogroup President Jeroen Dijsselbloem told CNBC following a 16-hour marathon negotiating session in Brussels. The agreement is expected to begin with a Cyprus-style "bail-in" process in which major depositors in failing banks are tapped first in an effort to support the lender.http://www.cnbc.com/id/101263206No comments... |
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oooh oooh, auspicious chinese number.  3 times it tried to break 877, 3 times failed. I do see a... wait... quadruple bottom there???  |
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So I ate a fortune cookie last night, and another this mourning..both fortunes said, "People will be talking about your success." Clearly this means too the moon.
 Panic buying and panic selling are both poor decisions. If your position is sound, commit to it until it is time to reassess -- not the second the market moves against you. I quite like to get away from the charts for a few hours after making a trade. (when not day trading I mean)
sound advice. but this is infact day trading. day trading doesn't mean you buy and sell the same day... I recommend HOLDING BTC like an african would HOLD USD back in 1987 day trading is a fun way to lose money. |
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