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Hoping someone else is in my situation so we can share anxiety.
I sold at 950 last week taking a small profit (for bitcoin/ insanely awesome profit for the rest, 20%) so I can buy more coins. I keep waiting for a dip to the 700s so I can get more coins. I can afford to invest about 5 coins at that rate. I almost bought in the 500s but whatever , 'shuld, culda wulda'.
Keep waiting, now Im tempted to buy the next dip to the 800s.
I have 'bitcoin paranoid' which is a great android app that sends alerts when the price goes up at whatever percentage you set it to. So Im on top of the price all day long and can instantly buy at anytime.
Anyone in the same boat have a buy back plan?
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Just so you guys get a hint on what's happing the ripple labs team does now 50% of world community grid crunching
and how are they doing this? |
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Stop making arguments as if everyone is a long term investor trying to get the most out of a single trade - some of us like to trade the huge volatility swings also. I personally intend to have MUCH more than a 350% gain (to your 3000) by the end of the 2014.
no argument. How does this chart help you as a short term investor? I sense some hostility. Is it regret for not hodling? |
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I don't think we are saying to hold all. The main point is to keep the majority of your coins longterm.
Selling on the way up is the standard practice in the investment world.
Hodl - Holding when the investment world says it is wrong to do so. Hold all at all times. |
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This number doesn't really have that much significance. Obviously every bitcoin user is going to rush and make an order the first day to test out the system (or inflate the numbers). But what does it say about sales over a whole year? Or how many new users it'll attract?
Yeah but you have to admit it's a pretty nice way to kick things off.  That said, I do agree that solid annual numbers would be of more significance. Its an extra 124k in sales (on 1 day!) for little effort, little cost, and little risk. why not except btc? |
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I dont think those dumps are manipulators. Would not make sense to dump so much at those prices. How much slippage is there?
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This number doesn't really have that much significance. Obviously every bitcoin user is going to rush and make an order the first day to test out the system (or inflate the numbers). But what does it say about sales over a whole year? Or how many new users it'll attract?
?? No one has made that claim. It's initial sales data from right after they started accepting a niche new payment system with lots of fanboys. I think most people realize that $124,000 in 21 hours says little about long-term effect. But Amagi Metals isn't complaining and they've been accepting for over a year IIRC. There isn't exactly a slew of companies CANCELLING their bitpay accounts so I think that says enough to satisfy your concerns ;-) No one's forcing them to do it so a reasonable assumption is that it remains profitable. I made that claim and for some reason my post got deleted. ? ? I basically said other retailers will jump on the bitcoin bandwagon seeing that overstock had a profit increase as a result of it. TERA was responding to my statement. |
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It seems as though our growth was planned way back in time. I give you the most important line in Bitcoin history. Everyone who sold above it is a winner. Watch out for this one in the future. Clearly big whales have been watching it (and it's parallels). Someone has been steering these channels since way back. (this was inspired by ronfkinswanson's version over at TV; it is now a Schiff Pitchfork and it's placed on the first 2011 bubble instead). TV Link: https://www.tradingview.com/v/LZQWPiI3/ all this red line says is hodl. it says you should have held for two years at one point. ...try drawing that line on Oct 2012... I like the title though. reminds me of the movie. the steady upwards growth says it will be at around 3k by the end of 2014. |
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Children eventually stop growing and become adults. So, why not the same for bitcoin? I am not saying it has reached its peak now, but this delusional 25k-100k per BTC future is just silly.
Thinking 25-100k is delusional is silly. You're aware that there are only 21m coins that will be made? It could easily hit 25k if it became another currency option, which it is quickly becoming from being used as a marketing tool. |
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The price has risen 570% (or so) in the last two months. So, I don't understand the question.
The question is about news effect on price. Why did it rise 570%? It wasn't any news story that Im aware of. |
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Does any of this bullish news actually effect the price? It doesn't seem to more than 10%. The bear news seems to plummet the price. Humans are negative.
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Its about 1 hour left, i suggest CoinBull should start dumping his thousands of coins to move the market.
I don't think it's one hour - I think it's in a couple of minutes! Hold on I'll find the post... I am giving him extra time. Just in case he got into another snowstorm. Aren't most people inside during a blizzard? Sitting by a warm fire surfing the internet? |
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3 hours left for Gox to hit 750<. If some divine intervention will prevent it, i will be expecting my 1 btc from CoinBull.
Let's make a bet on whether or not CoinBull pays out.  I'm going with "no." I'll make that bet too  i will bet you all yes with high amounts of BTC, then pay him to pay out the other bet:) As a bystander, I must say this is a good bet. Its like watching a close game in the 9th inning. I'm starting to think its not going to cross the 750 mark in the next three hours. Huge wall at 790. If it does not and Coinbull does not pay out I vote he gets banned from the board. Not cool at all to be putting out bets you cant pay off. |
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Something huge happened that most have not noticed
? Care to share what it was ? The China mining news? |
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So you read the book? Are we going to see bitcoin go up or down in the next week? |
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We are going up. Don't ever watch short term btc charts unless you are a day trader. Open a chart to see at least 2 months and you'll see what I'm talking about,
Looking at the day chart, I would say we are going down still. Its still closing below the last two previous highs. It will have to pass 1200 for there to be a confirmed uptrend. Look at the old bubble and you will see it always bounces back up slightly lower than the extreme high before going on a steady downward slope, eventually bottoming out, and then skyrocketing to mars. It could be months/ year before the latter happens. |
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What confuses me about this Subject is that it asks whether a downtrend is starting during a short term bull in a downtrend that had started a month ago.
Noting volume compared to the upward spike in Nov points toward a continued downtrend regardless of where the price manipulation is.
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This topic makes no sense to me. How you define currency? currency definition (Webster): a : circulation as a medium of exchange b : general use, acceptance, or prevalence <a story gaining currency> c : something (as coins, treasury notes, and banknotes) that is in circulation as a medium of exchange d : paper money in circulation e : a common article for bartering f : a medium of verbal or intellectual expression Anything with value essentially is a currency. So you're saying bitcoin should have no value? |
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Is this a downtrend or just a correction?
Personally, I believe we will see this downtrend in the next weeks, until we reach the 500 USD levels.
Thoughts?
what are talking about? its been in a serious uptrend for 2 weeks. |
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