IMO, The proposed wedge has played out with the throw-over to $152. Since nothing came of it in the form of violent break out, I believe it wasn't ever a wedge in the first place, and it shows serious weakness in bullish attempts at rallying.
Because TA works in the bitcoin world!
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Nope. I set a limit as to what I was willing to spend and how many coins I thought would make a difference to my life in the future if it really took off and stuck to it. If I want more then I'll earn it or trade for it.
If it dies, so be it. I'm not going to chase it downwards. The idea of spending more to reduce a loss doesn't really compute for me.
yeah, my feelings exactly. Not going to chase it. If it is going to make it-OK. If not, then it would not. Averaging down does not work in 80-90% cases on the stock market as well. Cool, wait for an uptrend to be confirmed at 400+, then buy. (But then you could have bought at $240, oh well... you can chase it on the way up)
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Yes I'll admit that I've "averaged down" on bitcoin. Actually just bought some more @ $220 a month ago, and still don't regret it. At some point you have to let it ride, man.
Only bulls and permabulls do this.
The bear troll day traders would never do this, they only open/close long short bitcoin positions in short time frames. But of course, day traders don't see bitcoin as real money, as an asset to hold long term and actually use in the real world. They only see it as something that can use to profit (or lose) more fiat on. Most of them lose... constantly.
Something to consider: When bitcoin takes off again, it'll catch you completely off-guard. It'll triple in price before you can even hit the "buy" button. So ask yourself, is that really the place you want to be, being late to the party?
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anyone heard about this new currency called XRP ?
R.I.Pple ? Lol. Who didn't see that total PnD coming. And I wouldn't be surprised to see more dumping from the founders once their lockout periods lapse. Can we all plz just get behind BTC and stop with all the other shitcoins/scamcoins already?
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We gonna see sub 0 $ coins! You have been warned ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) I'm buying tens of thousands when the price hits -$10, w00t!!!!
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Just woke up to troll central it looks like. Price spike imminent... ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Yeah. Just checking in after a couple of days' absence myself and this place is a mess. It used to take at least a $2 price dip to send the trolls into a frenzy. Today the price is actually up and yet they're still foaming at the mouth. Meanwhile in the real world, we're where we've been for about a week, mostly in the $245-$250 range. Sideways, ho hum. Lol. Since end of January, I keep waiting for this epic dump that the trolls continue to blather on about. And waiting... and waiting... and waiting.... now we're moving into April. Seems they like to continue blathering on and on since then, but simply don't have the coins to massively dump any more? /bearmarket #beartrendover
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Pretty obvious the reason for the rise right now.
what is it? Federal agents stealing BTC is covered in mainstream media in the states. yes that is pretty good news It's almost as if the shorts can sense that public interest is turning around for the positive, and are like "Oh shit, we need another Bitcoin hit piece stat! Queue the FUD!" ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif)
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There will be no slow and understandable rise. Last rise to $1k was individuals. The next rise will be institutions, and governments will be forced to capitulate. We are witnesses to one of the most historic moments in the human race, and we all have prime seats. It's a mistake to believe that bitcoin will be rationally priced as a fair percentage of the economy it represents... What will happen is that irrational bags of meat will lose their fucking minds and drive the price of bitcoin to absurd values. And I'm already here, MJ popcorn gif style.
Exactly. We can rationally see that if bitcoin was used everywhere in the world then 1 bitcoin should cost 1 000 000$. however, people are not rational so they get greedy and drive the price 10x higher than it's real value is. I wouldn't be surprised to see 1 bitcoin costing 10 000 000$. Just like no one in 1990 would've believed that two decades later a share BRK/A stock would be trading at $217,000. Bitcoin has the same potential, and the network growth to get there faster.
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Ok OP, if you truly plan this thread for the 'permabulls' then you absolutely need to instill a few rules:
1) Delete ALL troll posts or bear posts from this thread (yes NotHatinJustTrollin, I'm looking at you)
2) Allow for some serious long term positive bull discussion
3) ADHERE to rule #1
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![](https://ip.bitcointalk.org/?u=http%3A%2F%2Ftomsworkbench.com%2Fwp-content%2Fuploads%2F2011%2F10%2FDead-Its-dead-Jim.jpg&t=663&c=X3v-B3LwxAxhRg) ...for the 53rd time...shhh....don't tell anyone....
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But would the next buyer have to hold as long?
I don't think so. Part of the condition of approving the fund was freezing those shares for 12 months. I'll bet a fair few paid a whole lot more than the current price so there's no particular reason to sell. Bingo. I'm guessing most bought in between $700 - $500. Even buyers at $400 will want a significant profit.
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Holy shit, trolls coming out full force just because we're back at the $240 range. We were here last month, and there was much less FUDing then. Oh, well, I guess a (sharp? could 8% in one day be considered sharp?) decline to $240 makes them harder (or moistens them up more) than a steady uptrend to $240. Bears have their days, bulls have their days (funny how the beartrolls are much more vile), I'm just gonna sit on my bitcoins and see what happens.
They're not beartrolls, they're day traders. They're buying while everyone else is panic selling. Then they'll pump again and make another 10-20%. Wash, rinse, repeat.
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Theoretically, taxes have to be paid in the USA by April 15th but people usually start filing in February if they want to get their returns back earlier.
Yep. And if you sell certain assets (like stocks) to pay taxes, it can take 3-4 business days to close, and another 3-4 business days for a bank transfer.
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LMAO at everyone panicking.
Selloff is to pay the tax man, nothing more. Happened last year this time too. Good buying opp. We'll be back up in May.
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There's no way of knowing who or what company actually registered these domains.
Registrant Name: Matt Serlin Registrant Organization: DNStination Inc. Registrant Street: 425 Market St, 5th Floor Registrant City: San Francisco Registrant State/Province: CA Registrant Postal Code: 94105 Registrant Country: US Registrant Phone: +1.4155319335 Registrant Phone Ext: Registrant Fax: +1.4155319336
But it doesn't matter, JPMC sucks and if they try to compete with bitcoin, they will fail.
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Selling of coins in response to an exchange hack or theft is stupid as the hackers are more likely to hoard the coins for a long while than the traders who are actively trading.
No, please don't uncover the truth here. Bitcoiners would like to rather believe that the sharp dump was definitely hackers/thieves from AnonMarketDuJour dumping, as opposed to just whale traders seizing (fudding?) on the opportunity of some negative news. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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Buffett's analogy of bitcoin to checks is completely flawed, even he should know the difference. Notice that he did not compare bitcoin to actual fiat money (fiat money being the most direct form of value transmission) which does have immediate, relative value, but no "intrinsic value" per se.
Buffett hates gold as well, which agrees with his argument of having little intrinsic value, but yet gold dumbfoundedly continues to climb in value relative to fiat money decade after decade. Go figure.
Buffett acts as if companies like Coca-Cola will be with us FOREVER. They won't.
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