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Author Topic: $486 WOT the hell is going on????????  (Read 7549 times)
erikalui
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November 05, 2015, 12:50:56 PM
 #41

Wasn't the price high yesterday as there was a Silk road auction? It's down today and one user predicted this as well.
The auction is later on today - this small sell off is just taking some of the pressure out of the rally - a dose of reality is a good thing - the slower the rally the more sustainable it becomes

Yes I know but that was the reason given yesterday that the auction will be held on 5th November and hence the price is rising. I now believe it.

Edit: Just read this article: https://www.cryptocoinsnews.com/bitcoin-surges-us-marshalls-hold-final-silk-road-auction/

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pawel7777
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November 05, 2015, 02:10:15 PM
 #42


When the price reached $500 I was hoping it wouldn't go below $400 anymore the comming weeks. Now it did go below $400 it's just waiting and hoping we'll not go sub $300 again.

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.
richardsNY
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November 05, 2015, 03:18:00 PM
 #43


When the price reached $500 I was hoping it wouldn't go below $400 anymore the comming weeks. Now it did go below $400 it's just waiting and hoping we'll not go sub $300 again.

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

It's in people's nature to complain. As long as we maintain to stay just over $300 then I'm already fine with that. Only time will tell what will happen next. A stable period or another bull run. We'll have to wait to figure out.

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November 10, 2015, 08:16:47 AM
 #44

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.
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November 10, 2015, 08:17:51 AM
 #45

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.

The price now is stable but it can be even more better if the price stays only 400+

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November 10, 2015, 08:40:17 AM
 #46

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.

The price now is stable but it can be even more better if the price stays only 400+

you need another pump+ correction price for that, the market cannot move in a up trend indefinitely, there must some stop here and there, to prevent big dump afterward

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pawel7777
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November 10, 2015, 09:27:17 AM
 #47

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.

It's a bit too soon to call this a stable price. I hope you're right. For me, any stability above $300 is good.
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November 10, 2015, 09:52:46 AM
 #48

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.

It's a bit too soon to call this a stable price. I hope you're right. For me, any stability above $300 is good.

When it comes to Bitcoin, there is no such a thing as stability. People might not consider 3-4% price swings in a day to be a lot, but look at what your wealth looks like when you have millions and it goes up and down like that. 4% is of 2 million is a 2 year salary for good earning people that they gain or lose each day.

pawel7777
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November 10, 2015, 11:51:58 AM
 #49

Just a reminder that a little over a week ago everyone was surprised and happy that the price reached $300. Now everyone's complaining that it took a dip below $400. Come on, this is Bitcoin, it's not called 'volatile' for no reason.

We were on long down-trend, then relatively long period of quite stable (boring) price of around $230. If it stabilise now anywhere above $300, that's a great news.

The price is stable around $360-390, so the situation is similar to the $230 level. It bodes well for the future price performance.

It's a bit too soon to call this a stable price. I hope you're right. For me, any stability above $300 is good.

When it comes to Bitcoin, there is no such a thing as stability. People might not consider 3-4% price swings in a day to be a lot, but look at what your wealth looks like when you have millions and it goes up and down like that. 4% is of 2 million is a 2 year salary for good earning people that they gain or lose each day.

All true, but stability can mean different things for different assets/currencies. Generally, in the Bitcoin world, the word 'stability' is used to describe longer period of (relatively) low volatility.

Also, if you have $1 billion invested in certain stock, the movement of 0.1% equals gain/loss of $1 million, but you still wouldn't call that volatile or wild swing.
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November 21, 2015, 11:56:27 AM
 #50

The price is drifting around $330 now. So the mini bubble has burst. It is good for the sustained price rise in the future.
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November 21, 2015, 02:19:47 PM
 #51

The price is drifting around $330 now. So the mini bubble has burst. It is good for the sustained price rise in the future.

It may have burst, but it seems to have consolidated around 100 usd above the pre pump price.

Not too bad imo, especially if you remember that this 100 usd is almost 50% increase in value.

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November 21, 2015, 02:26:47 PM
 #52

The price is drifting around $330 now. So the mini bubble has burst. It is good for the sustained price rise in the future.

It may have burst, but it seems to have consolidated around 100 usd above the pre pump price.

Not too bad imo, especially if you remember that this 100 usd is almost 50% increase in value.

Only if you hold your coins. I know people sell at %10 increase then buy back at 450-500$, then sell again at 300$. Cheesy

Goes tooooo.............
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November 22, 2015, 09:39:25 AM
 #53


Only if you hold your coins. I know people sell at %10 increase then buy back at 450-500$, then sell again at 300$. Cheesy

Trading bitcoin is quite difficult. We cannot always buy at the bottom and sell at the top. Some times, we buy high and sell low.

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November 23, 2015, 10:43:33 AM
 #54

The price has come down since the OP. It is quite stable around $320. There is no flash crash of the price.

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January 02, 2016, 08:50:35 AM
 #55

The price has come down since the OP. It is quite stable around $320. There is no flash crash of the price.

The price has risen a bit to $420 now. The price is less volatile than a few month ago. It might rise slowly in the near future.

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January 02, 2016, 02:36:52 PM
 #56

it would be great if the price could come back i really wait for increases
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January 02, 2016, 02:40:56 PM
 #57

The price has come down since the OP. It is quite stable around $320. There is no flash crash of the price.

The price has risen a bit to $420 now. The price is less volatile than a few month ago. It might rise slowly in the near future.

The price is as volatile as it has always been. The level of volatility will only increase as we are comming closer to the block halving.

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January 02, 2016, 04:39:16 PM
 #58

Price is more volatile during november and december now i think it will not go sharp up or down like nov last year. We may see small pump near halving and with all of the good support at 400 i think the new buttom will be 500 near halving.

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January 08, 2016, 10:04:08 AM
 #59

Price is more volatile during november and december now i think it will not go sharp up or down like nov last year. We may see small pump near halving and with all of the good support at 400 i think the new buttom will be 500 near halving.

The pump near the halving will  not be a small one. It will be a big one as bitcoin becomes more popular. So the pump can be 3-4 folds.

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anthonydar
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January 10, 2016, 09:43:48 PM
 #60

Price is more volatile during november and december now i think it will not go sharp up or down like nov last year. We may see small pump near halving and with all of the good support at 400 i think the new buttom will be 500 near halving.

$500 near halving is quite conservative. I think the price will be well over $500. It could be between 700-1000.

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