piramida
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Merit: 1010
Borsche
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October 12, 2014, 05:04:41 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200.  I know I will I know you won't. |
i am satoshi
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inca
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Activity: 1176
Merit: 1000
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October 12, 2014, 06:18:00 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200. I know I will I know you won't. Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done  |
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piramida
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Activity: 1176
Merit: 1010
Borsche
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October 12, 2014, 06:24:58 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200. I know I will I know you won't. Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done Yep. *If* the price really breaks down to 200 the sentiment will be "we all gonna die right now", so 99% of people who say they are waiting for cheap coins will just start waiting for $10 coins or some other silly target. People who did want to buy low, had bought below 300 three days ago; that was probably it. |
i am satoshi
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CryptoCarmen
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★Bitin.io★ - Instant Exchange
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October 12, 2014, 08:58:45 PM |
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under 300 days ago
almost 400 today
another day in the btc world huh
haha
Agree and then you see people cry why they did not know of Bitcoin in 2011. They can implement their wealth 10 times in just few months. |
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Bernard Lerring
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October 12, 2014, 10:12:08 PM |
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Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?
I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.
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inca
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Activity: 1176
Merit: 1000
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October 12, 2014, 10:19:13 PM |
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Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?
I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.
You think people won't buy bitcoin because they have Christmas presents to buy, seriously? If the overall trend in bitcoin is not broken then this bear market, whilst painful, is simply a prelude to another jaunt higher. What makes you think we are headed lower out of interest? |
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exocytosis
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October 12, 2014, 10:23:25 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200. I know I will I know you won't. Yes people have a common misconception that when they see the price of a commodity (that they want to accumulate) drop significantly, that they will buy. The reality is that market sentiment is skewed negatively by the price action and they actually don't buy, but instead have an urge to sell. Separating emotion from large scale purchases with your own wealth is sometimes easier said than done I can't believe my own eyes. I thought you'd never admit this. |
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Bernard Lerring
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October 12, 2014, 10:45:57 PM |
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Are the general public going to be stumping up FIAT in the run up to Christmas, when there are presents to buy?
I'm guessing the current rebound is just a correction and will settle down again in the next couple of weeks.
You think people won't buy bitcoin because they have Christmas presents to buy, seriously? If the overall trend in bitcoin is not broken then this bear market, whilst painful, is simply a prelude to another jaunt higher. What makes you think we are headed lower out of interest? Yeah, people like myself that are on a monthy wage will be planning Chritsmas, and that could preclude them from splashing out on BTC. Is that so hard to understand? |
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Wilhelm
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October 12, 2014, 10:56:50 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200. Look at the trend. Only chance at $200 is either - Bull trap (short and steep) - Whalefault (Whale making a typo, got to have your order in) Other than that, the days of $2xx are ending. |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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BlindMayorBitcorn
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Activity: 1260
Merit: 1115
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October 12, 2014, 11:01:03 PM |
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So how low the price can go, what do you think ?
Everybody is saying they will buy at $200. Look at the trend. Only chance at $200 is either - Bull trap (short and steep) - Whalefault (Whale making a typo, got to have your order in) Other than that, the days of $2xx are ending. Well good riddance then |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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