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candoo
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August 20, 2012, 12:40:33 AM |
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Sell everything till it goes down to 3 USD/BITCOIN
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Einer trage des andern Last, so werdet ihr das Gesetz Christi erfüllen.
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red_dog007
Newbie
 Offline
Activity: 20
Merit: 0
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August 20, 2012, 01:30:27 AM |
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Even if Bitcoin gets in the news in a negative light, that is only short term. Long term it seems like it would be beneficial because Bitcoin is getting attention, getting the word spread around.
Even currencies, stocks, and other types of investments have ups and downs. For anyone to even really put Bitcoin in the news, even if negative is good imo. Kinda legitimizes bitcoin as an investment outlet. Just that many more people know about it and will research it. Investments usually really only make the news too if sometime bad happens, unless you are a large booming industry like Apple. Then you are always in the news good or bad.
I look at the market a lot like a stock. Very risky, but can be very profitable. Stocks can have have crazy ups and downs too. Just because the stock is $8 today doesn't mean that it can't be $50 the same time next year or even regain all its losses within a couple days. Or even go lower.
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2D
Member
Offline
Activity: 76
Merit: 10
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August 20, 2012, 02:12:46 AM |
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I'm kind of hoping Bitcoins go back to around 5 or lower, so I can buy back in.
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tospace
Newbie
Offline
Activity: 22
Merit: 0
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August 20, 2012, 02:20:06 AM |
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Well it climbed back up to $9. I don't know if I should be selling every thing before it drops super low or will it? I only have 2.2 btc but I was going to buy a gift card in btc sometime in the next few days so I can get my mom some new desktop speakers  |
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bitcon
Legendary
Offline
Activity: 2212
Merit: 1008
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August 20, 2012, 02:22:32 AM |
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none of this really matters. will BTC reach $15 ever again? yes. will people be scammed again? yes? will the market crash again? yes. its all trivial, but BTC always will recover somehow.
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the_thing
Sr. Member
Offline
Activity: 546
Merit: 252
Proof-of-Stake Blockchain Network
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August 20, 2012, 08:21:36 AM |
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I'm kind of hoping Bitcoins go back to around 5 or lower, so I can buy back in.
Sell everything till it goes down to 3 USD/BITCOIN
This will not happen. If you want to buy, now it's the right time do that. The price is recovering, so I advise you to move your asses and go bullish. none of this really matters. will BTC reach $15 ever again? yes. will people be scammed again? yes? will the market crash again? yes. its all trivial, but BTC always will recover somehow.
Words of wisdom, dear sir. Words of wisdom. +100 internets to you  |
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Free TON
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Bascule
Newbie
Offline
Activity: 28
Merit: 0
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August 20, 2012, 04:36:23 PM |
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The prize could also go down. Too many people know about bitcoin and using it. It's not a geek only 'currency' anymore. so there are a lot of stupid people using it.
Bitcoin is limited. Therefore more people using it = higher price per bitcoin. This is exactly why the price will go up (by enormous factors) in the long term, regardless of any temporary spikes and drops (which are just incidental market hype and panic movements). Why would more people use bitcoin? |
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Bascule
Newbie
Offline
Activity: 28
Merit: 0
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August 20, 2012, 04:42:20 PM |
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put "criminal activity" and "Bitcoin" together in a sentence, and you have a news-worthy story.
It's pretty hard to put "legitimate activity" and bitcoin into the same sentence. Bitcoin has Silk road, gambling (evading US laws), and ponzi schemes. Is there anything legit? |
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RodeoX
Legendary
Offline
Activity: 3066
Merit: 1147
The revolution will be monetized!
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August 20, 2012, 06:15:53 PM |
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I for one love panic. I have found that the most profitable circumstances arise during a panic. New peers especially are vulnerable. They buy at $13 then they see that the price has dropped to $8 and dump their coins. Of course later that day the price has gone up to $9 and there is a lot of crying.
The best time to buy is when people are panic selling. The best time to sell is during frenzied buying, like last weeks rapid climb to $14. Those people are acting irrationally. Timing it is the trick. How high and low will she go? That is guesswork.
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edar
Newbie
Offline
Activity: 17
Merit: 0
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August 20, 2012, 06:41:43 PM |
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The prize could also go down. Too many people know about bitcoin and using it. It's not a geek only 'currency' anymore. so there are a lot of stupid people using it.
Bitcoin is limited. Therefore more people using it = higher price per bitcoin. This is exactly why the price will go up (by enormous factors) in the long term, regardless of any temporary spikes and drops (which are just incidental market hype and panic movements). Why would more people use bitcoin? not getting the best press either .. |
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Kazimir
Legendary
Offline
Activity: 1176
Merit: 1003
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August 21, 2012, 12:17:36 AM |
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Bitcoin is limited. Therefore more people using it = higher price per bitcoin. This is exactly why the price will go up (by enormous factors) in the long term, regardless of any temporary spikes and drops (which are just incidental market hype and panic movements). Why would more people use bitcoin? Because of the many great advantages, like the points listed here or here. Similarly, people would ask in the early 90's: "Why would more people use email, when regular post works just fine? Email is just cyber stuff for nerds and techies." |
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SSSSwinner
Newbie
Offline
Activity: 44
Merit: 0
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August 21, 2012, 04:01:26 AM |
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pirate makes the crash so he can short the coins then buy for less. else he can not pay back invests
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