lol, i dont think $.09 covers a shorts losses from a rising price
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The band is getting pretty narrow, doesnt look like this will go on much longer.
Even assets much more liquid than bitcoin are very volatile. Other markets have leveraged trading as well, so I see no reason to infer that bitcoinica usage lowers volatility.
One notable difference is that information about bitcoin is the most perfect (21 million max). Most of the early few million coins still havent moved, but can never say for certain how many are lost.
Abundant buying pressure (to say nothing of media attention) indicates that the trend is up. Upward moves will also generate increased interest and convert spectators who are still on the fence.
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Next one is gonna be the big one. 3rd of 3rd
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naima53's english is bad, but his analysis is good.
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last chance
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like the recent charts. keep it up.
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Blatant, brazen scam through and through. A rating on #bitcoin-otc is the perfect 'in' and the ratings would snowball from the participants. A lot probably know it deep down, but will defend it publicly until they're ready to take their principal + "gains" out (of course they never are). The participants in pyramid schemes are just as guilty and will get what they deserve. Fractional monetary expansion always collapses.
The lack of transparency is completely anti-thetical to the principals of bitcoin. I trust bitcoin because the blockchain is a fully visible ledger.
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$5.0 was resistance. Now its support.
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Ah, thanks. Its been a while since I read your OP, and I've just been seeing the updates when you were switching or closing positions. Not daily updates of all three flips. Anyway, lucky short! hopefully you get to close it for some profits
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I'm bearish for the short term, bullish for the medium term, and very slightly bullish for the long term in that I think a year from now we'll be in the single digits but higher than we are right now.
Just to clarify, are you currently expecting we'll touch below $5, before heading back up? Yes. Wow good call! Proudhon should start a subscription service..
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You kept that long for less than a day! Switching positions that quickly will bring losses from the spread more often than not.
That you decide when to open and close positions means these results are influenced by you way more than the flip of the coin. You should set some limit, like every position will be held for at least 7 days (with a stop-loss, of course).
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I'm not sure why I didn't think much of it before, but the bitcoin bubble last year started inflating almost *exactly* when the silver bubble burst. I don't think that was coincidence.
Whatever correlation there may be with gold is less clear. Waiting for more data...
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still above $5.1 with no wall at $5.2. we'll be above $5.2 tearing down $5.5 by the end of the week.
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friday rally, then a weekend dip! get em while they're cheap.
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new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too. BitcoinBull, it was very expected that prices break 5.2 $ fast, which is what we shared in our newsletter Thursday night to subscribers.I suppose you were right. A quick break of $5.2 was to be expected after breaking $5.1. Now I'm wondering, how long can it be expected to hang below $5.5 before either making the big upward break or reverting to the more comfortable channel ($4.5-$5)? Since we're tooting our horns, on April 11 I highlighted the upward trend starting at $4.3. Based on that trend, I'm guessing price will rest comfortably above $5, and form an ascending triangle toward $5.5 over the next 7-10 days before breaking out.
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I'm bearish for the short term, bullish for the medium term, and very slightly bullish for the long term in that I think a year from now we'll be in the single digits but higher than we are right now.
Just to clarify, are you currently expecting we'll touch below $5, before heading back up? Seems like a number of folks were waiting for a new low below $3.8, but they've gotten pretty quiet lately.
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
good call! it wont go under 5.25 soon
bad call. Thanks. Definitely still waiting. I don't think this sell-off is finished and I think there's still a good chance we go below $5. At least you're consistently bearish. Consistent traders can expect to be right 50% of the time over the long-run, though they still need to capture gains at some point (i'm calling the low at $5.1). That's better than those always ready to switch sides, as they usually go to the wrong side, hah.
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I'm going to hold off on buying back in on the hope that we make it back down to $5.15.
good call! it wont go under 5.25 soon
bad call.
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new prediction: resistance at $5.20 will be broken within a week (7 days from today). i provided targets in the "Rally!!!!" thread.
$5.2 was broken quicker than expected. And judging from the relatively few asks at $5.5 (~8k BTC at time of this posting), it may not be long before Mr. M pushes it over $5.5 too.
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