The irony is all the idiots influenced by this hodl bullshit have no money to buy coins with. Some of us have paychecks you know... I mean for jobs in the outside world - not feeding from the fear and hope of others for a living like quite a few experts and traders here!
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Right time for bed. Made about 5% extra BTC today, and even though I can see it sliding a little further, I sleep better holding BTC. Enjoy everyone!
Another trader goes to bed happy! Sleep tight!
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The problem with this is you don't know how low its going to go. I've been thinking "panic sale" ever since $1015.
I think this one is closing now and we will look back at it as a subdued sell-off compared with previous ones. We react less and less to medium-strength Chinese news now. We are getting PLENTY of positives in the US etc. The biggest fear - a global ban - that was an unknown a year ago is now banished for good. This WILL play into market psychology (EDIT: significantly with very noticeable results on bubbles etc. [for the quote he he! ] ) from now on. You can quote me on that later as much as you like!
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Too bad I have no fiat to spare
I bought more LTC and NMC an hour ago and it went down even further and still going.... and I just realized that China has yet to wake up today and the prices will probably continue to sink more. Terrible decision on my part. Fuck
So much for $2000/btc in January... China keeps making us crash
Listen man. This might sound a bit silly saying this as if it's personal advice but try to give up worrying about China! It's a red herring when it comes to Bitcoin - at this stage it is not a fundamental technical or business-related problem for Bitcoin; it is purely a psychological one!
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Ay yi yi. I am beginning to think this is all just a grand conspiracy to screw with me.
It's all true. LOL! How I thought that at the beginning!
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Half of me says buy and half of me says sell. Guess what that means?
If what I believe you are saying is what you are actually saying, then I agree with what you think it means!
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This is the moment all buyers wait for. Advice to those fearful. Just Hodl! (That means hold on to your Bitcoin and don't worry for any of you new folk who might be wondering). The fear transfers to the buyers... who today, with Bitcoin going mainstream this year, more than ever WILL get in once the selling calms down. This is the eternal law of the Bitcoin market! Good luck to you all!
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I'm still confident that it won't hit your target, not least of all because you just pulled a number out of your ass.
+1
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No pump and dump. Just people panicking as always. I always ask myself, do I want to sell my coins to all those traders who just sold off and expect to buy back in cheaper? NO WAY!! HODL ON!!
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Well CoinBull i am glad you are still confident that gox will hit 750 in the next 21 hours. I will be expecting 1 BTC from you if by some miracle you will be wrong.
Ha ha!! +1
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I think I've choosed the perfect moment to move on cold storage. No more panic sell for me...aaaah it feel soooooo good Hey good for you! Me too! Feels awesome doesn't it!
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The fact that it recovered to almost $1000 WITHOUT the massive chinese support in about a month should really say something about bitcoin's growth and stability though. China made up a huge portion of the bitcoin population/ecosystem and was largely responsible for bitcoin's explosive growth in November, but now we see that the void is getting filled up at a good pace and will continue to expand worldwide.
What the fk are ya talking about boy!? 65% of current Bitcoin trades are done in CNY. How much skin do you have in the game anyhow? 05 BTC? Misinformation comments like this contribute to people losing money. MatTheCat if you have money to buy get ready now. Things will go back up quicker than you think! You know you tend to be a bit too negative at times? Well watch out!
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Yep, I'm...
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Have a nice one people. Over and out from Greece.
... and don't forget to...
HODL!!!!!!1
+1 HODLING WITH YOU MY FRIEND!!! he he he !
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So almost all global economy forecasts that I've read are very optimistic about global economy in 2014. Is this good or bad for BTC? I have this impression that BTC attracts more people when there are risks of financial trouble around the world.
My 2 cents? Bitcoin is going to boom. Absolutely. The fear of it not being accepted is gone now in many countries. This was the biggest psychological barrier.
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Don't worry. Bitcoin is on the cusp of mainstream business in the US. http://www.cnbc.com/id/101316945Believe me there is a whole lot of room for Bitcoin to grow in this country alone. Vast spaces as Bitcoin is a multi-faceted asset. You will be feeling fine very soon! PS There are many in your position and I am in from the upper hundreds. I am holding for the long-term.
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China will be waking soon... They will sell because everyone else is... 750
Chinese stay glued to their screens 24/7
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What way will it go in the next 12 hours? Will it go further down?
Depends how many people panic! If it goes down it will be subdued though and won't stay there for long.
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my methods were thoroughly tested throughout this, and many other posts. i know that you are a bit new to this but price targets are generally only given through subscription services and other paid means. this is in part because of the game-theoretic complications the information asymmetry causes. if you were asking any other kind of question, i probably would not have proposed a bounty. further, im not just releasing this information to you, im releasing it to the entire forum. if 8 people want the price target, it'll only cost you 0.01 BTC each, a sum which you should easily be able to make back if the information is accurate.
if you really just want to "test" my methods, i'd be happy to pm you, personally, the answers to your questions for an amount which we can settle. what is this information worth to you, my friend?
Thanks for the offer - really - but I think I'll just leave it. The chances are it will be clear whether you are right or not compared to what I think and have explained. If we end up in the middle - then so be it!
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NICE FIND!!
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