And the time spent monitoring the price, and the stress.
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It's not a coincidence, really. Had Bitcoin been oversold when the Gox DDoS happened, it would have fallen way less. Conversely, when it breaks out above exponential, any minor issue becomes an excuse for a knife-down. If it weren't Gox it would've just been some other minor thing.
Basically riding high (on or above the channel) is cruising for a bruising, and riding low is coiling the spring to be set off by any old good-news excuse.
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LOL so now we're all flip-flopping? At least deathcode is gonna stick to his guns haha Huh?? Grasping at straws again. I've always expected a short-term correction to happen at some point - it is bound to - but that is NOT a reason to SELL. Think on that for a bit. Just because additional profit is possible is not all by itself a reason to chase it.
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I dunno, a slowdown could take the form of a big temporary drop, just because of Bitcoin volatility, but I'm thinking the $10 million in bids will prevent that.
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That's what Litecoin's good for.
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Well there has to be a slowdown at some point, otherwise we'll be at $100,000 by Fall 2013, so it doesn't take many balls to call for a correction, even a further correction from this point as we're still above the insanely exponential fast growth path that started in January. I've reached the point where I more hope the price goes up to quiet these arrogant bears than for the actual profits
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Are we into the Cryptocurrency Wars now? Litecoin advocates tryna step up? Look closely between 3PM and 7:30PM... someone(people) knew... may be a good indicator of imminent corrections going forward. Yeah I'm thinking the Litecoiners are trying to orchestrate selloffs to boost Litecoin's value. They've been very aggressive on /r/Bitcoin recently. They must include some early Bitcoin adopters who are envious that they weren't the super-early adopters, so they may still have a ton of Bitcoin to play with.
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Are we into the Cryptocurrency Wars now? Litecoin advocates tryna step up?
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Isn't it the other way around? Gox staying down just makes people more bearish, so it would be a terrible way of trying to manipulate the market upward (good way of manipulating it downward, perhaps).
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It's not trolling, it's carrying the defiant and evasive habits of a child into adulthood in an attempt to save face. Trolling is trying to get a rise out of people. They sometimes look similar, but the intentions are different. I'm cool with people not being fully mature, as long as they are actually trying to add value in the first place, and I think OP sincerely was.
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You're wasting your time, underground_. BitcoinTip was caught lying several times in the past few days, red-handed. He or she is not gonna pay into escrow unless its one of the sockpuppets.
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I don't think OP qualifies as a troll, just a misguided bear.
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Note that the price shot up after the OP, and only fell so fast because it had just gone up so fast, and even at its nadir never reached as low as OP's selling price. It did all this after OP sold. Imagine if the situation were reversed. I expected a surge and bought, the price tanked, then it surged upward momentarily - but still less than it had fallen - and came back down again, me in the red the entire time. Do I get to say I called the surge?
This is what we call "grasping at straws." It's interesting that the recent wave of trolls and new bears all seem to have the same personality characteristic where they will grasp at anything and try to use it as evidence, even if it makes no sense at all upon closer inspection. Oh, and the other commonality is they all do it with a certain degree of attitude and the expectation of tiny memory span from other users.
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Bubbled above exponential then reverted to the mean, near perfectly.
Right on course!
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You know what the beauty of this analysis is? Even though MtGox arguably precipitated this selloff, which was unpredictable, it really doesn't matter what triggered it. All that matters is once it broke out of the channel it was "cruisin' for a bruisin'" and any old thing would have soon smacked it back into line, but plenty of bulls stood ready to buy, and in greater and greater quantities as it fell into the heart of the channel again. Now we're back to a plain old vanilla exponential meteoric rise. Oh drat, we may have to wait another two months to hit $200, and until July to hit $400. It's tough being a Bitcoin bull
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You called this pretty well from the start. Just one thing: why aren't you using a log chart? Oh nevermind, you are.
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Nevertheless, there is a rapidly growing profit opportunity for people to DDoS MtGox when they want to buy in.
...And other such attacks. We better get used to them (for one, but diversifying in exchanges).
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1,203 users online at /r/Bitcoin, almost DOUBLE the previous record high. Whole lotta Bitcoin virgins finding out what it means to get GOXED
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How colorful is that snot-nosed kid's ignore button getting?
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It could touch down to 50, which is where the exponential support line is. Par for the course. Actually, this.
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