Lets see how many (short term) bulls and bears we have right now. What direction will the price go on 10/17?
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Dude, that looked like my bid at 11.70 lol. You did great considering you can probably get them sold right now for ~$11.95
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Overall, all those nuances about block halving, difficulty changes, mining issues, etc. are already all prices into the charts. It is far easier to predict price movements based on chart patterns and indicators than speculating for years about all those fuzzy factors.
No they're not, due to asymetric information and investors driven mainly by emotions. Also vast majority of investors don't run around with a calculator and market analysis formulas. Chart patterns and indicators are mostly a combination of bullshit and crowd psychology. Both of which are unrelieble as fuck. Long story short, the perfect market is a myth, because market is a sum of investors' actions. Investors are humans and humans are far from perfect. You are right when watching normal sized groups, the kind we see every day. You are wrong when watching huge groups. Several thousand people, all having the same goal (sell for profit), having the same few options (buy, sell)? Crowd par excellence. ..And then have a closer look at the market theories: Wave theory doesn't seem to be oversimplifying to me.. Ente Good to see I don't need to send you the email I was writing summarizing what just happened lol
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It seems somebdoy bought it right back up where it were.
New rally?
No. Bulls get prepared to be eaten alive.
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the Plunge! its about to happen I'm so happy Nope, 11.50 is the new floor
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THE PLUNGE! its about to happen I'm so happy FTFY, and also THE PLUNGE is long overdue.
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"What dump?"
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I think someone has a bot going wild or something
why do you say that? the fuck? now there is a buy at 11.98?? Someone is smoking some serious crack. Must be this new crocodile drug from russia.
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I think someone has a bot going wild or something
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HOLY S*!
OMG WHAT IS HAPPENING?
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Personally I don't mind if we stay around this price for the next 6 month. I think the Bitcoin economy could really benefit for a repeat 4-6 months of price stability before the next up move.
I agree completely.
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Lol Nvidia and AMD should just stop selling graphics cards in Europe. Everyone will then just import them from elsewhere.
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These price movements are absurd.
lol, yes this has been really weird. A selloff turns into a rally. Someone must have a bot programmed on volume alone or something. Time to go back down again?
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These price movements are absurd.
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i'm pretty impressed that my adaptation of inau's "rocket secretly taking off" threads last winter have sparked a continuing theme of manipulative pseudo-speculation.
too bad two small sell-offs just occurred... seems like it ran out of fuel and we should now expect a plummet to the center of the earth.
indicators, man.
At one time this forum could influence the price but I don't think it can any longer. I agree, it doesn't seem what gets said here has an effect on the price lol
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This has been a very bipolar day.
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i am sensing some boredom among bitcoin users right now. almost like the seasonal shift is slowly taking place, day by day. i really expect a slow decline over the next few months to under 10.
towards the end of declines there is always a quite rapid and sharp sell off. I would not be surprised if it happened again this year You mean... " THE PLUNGE"
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