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Author Topic: damn guys, where's our single-digit drop?  (Read 2469 times)
paulie_w (OP)
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August 30, 2012, 01:30:02 PM
 #1

i'm waiting with my dollars!
Technomage
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August 30, 2012, 01:33:17 PM
 #2

Didn't you hear? It has been cancelled. $10.6 was too much to handle.

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paulie_w (OP)
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August 30, 2012, 01:37:42 PM
 #3

how sad. where's a pirate selloff when you need it?
cypherdoc
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August 30, 2012, 02:24:42 PM
 #4

it ain't comin'
Rygon
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August 30, 2012, 03:36:53 PM
 #5

it ain't comin'

+1
el_rlee
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August 30, 2012, 05:04:55 PM
 #6

bull trap, boys & girls
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August 30, 2012, 05:17:49 PM
 #7

Maybe, but what about opportunity cost?  How long are you going to leave your dollars laying around doing nothing waiting for a supposed crash?  That cash could be doing something useful in the meantime.

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August 30, 2012, 05:20:26 PM
 #8

summer is over... winter bear is here.
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August 30, 2012, 05:26:13 PM
 #9

I'd recon we wont see a single digit drop anytime soon, bullish is the trend to come.

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August 30, 2012, 06:03:35 PM
 #10

If the market is so bullish right now, how do you explain the bid/ask distribution?

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August 30, 2012, 06:06:41 PM
 #11

If the market is so bullish right now, how do you explain the bid/ask distribution?


I dont, but I'd like to suggest a mental excersize for everyone trying to do that: What if it were most profitable course of action for a random nautically-themed highwayman that attempts to manipulate the market  to represent that he is doing one thing and doing the exact opposite ?

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August 30, 2012, 06:07:47 PM
 #12

If the trendline established during the recent hickup to 12 holds it should be over the course of this week. Only if we break out of it it ain't coming.
el_rlee
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August 30, 2012, 06:09:44 PM
 #13

forget pirate in the speculation, I don't believe he holds much BTC anymore. if you measure the value of bitcoin by the community each post in this forum would equal roughly a 100 $
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August 30, 2012, 06:20:27 PM
 #14

If the market is so bullish right now, how do you explain the bid/ask distribution?



The ask/bid only shows you what's on the order book... there could be (and I'm quite certain there is) a whole lot of fiat sitting on the exchanges that isn't on the order book.
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August 30, 2012, 06:21:47 PM
 #15

If the market is so bullish right now, how do you explain the bid/ask distribution?



The ask/bid only shows you what's on the order book... there could be (and I'm quite certain there is) a whole lot of fiat sitting on the exchanges that isn't on the order book.

and it is all waiting for a drop in price before buying.
only fools rush in where angels fear to tread.
Killerpotleaf
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August 30, 2012, 06:33:06 PM
 #16

I think we did it, the price is officially STABLE!  Wink

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yogi
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August 30, 2012, 06:36:25 PM
 #17

I think we did it, the price is officially STABLE!  Wink

Haha, yeah I agree price is going to be stable form now on  Wink

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August 30, 2012, 06:43:55 PM
 #18

i think that as soon as it requires 15k btc to get to $11 there is going to be a big buy to $11

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n8rwJeTt8TrrLKPa55eU
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August 30, 2012, 06:46:14 PM
 #19

bitcoinbear
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August 30, 2012, 06:47:45 PM
 #20

Pirate does not have a bunch of coins to sell, Pirates investors do not have their expected coins to cash out, looks like the price is not going down anytime soon. I expect it to stay pretty stable for a while, in a month or two it will slowly start moving upward like it did from 5 to 10 before Pirate threw a wrench in the works.

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