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ultimatesky
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December 08, 2015, 09:18:02 PM |
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We first need to pass 400 before it can be a bottom right. With current momemtum I think we are halfway there. Just 5 dollars and we are back in the 400 range  |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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vendetahome
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December 08, 2015, 09:38:49 PM |
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i must agree with you the price seems to be pretty stable right now in my opinion so i believe that the price can only rise right now though those are just my thoughts
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ManualMiner
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Activity: 21
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December 08, 2015, 09:41:50 PM |
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Well, definitely not 400 is not the bottom no way unless whoever is minipulating the market decides to make it the bottom. It's crazy how they manipulate the market, MAN!
They are able to manipulate it even though the market is so large!
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Nimbulan
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December 08, 2015, 09:44:49 PM |
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well i dont think so just now we are not at 400 do how this can be bottom? we should get to 400 first and then think about reaching any other sums i hope that this will be the new bottom after a few days though the bitcoin price is unpredictable and anything can happen any day and even any hour
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MaritiJames3
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December 08, 2015, 09:46:25 PM |
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No way. It must be to stay here at least for a few weeks before calling it a potential. The 400 rate is just a new short term high. The mid-term bottom is still at 320 usd.
Let's see where we at in 3 weeks before calling out bottoms.
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harizen
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December 08, 2015, 11:33:17 PM |
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Lol, i don't think so. A lot of us want it to be but the price isn't stable yet. It can still go 2 ways.
It would be safe to say if we hold a certain price for a period of 1.5 months, we've found our new low or high..
We are now sitting around $400 in more than 100 hours now. It's a good sign that price only rotates around that. Not much low and not that high. What does it mean? It's in the process of building support and resistance so yes you can't say today that this is a possible new floor but just wait for more weeks and if it will become success, get ready for the big pump. |
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panju1
Legendary
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Activity: 1246
Merit: 1000
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December 09, 2015, 12:57:39 AM |
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Price has finally crossed $400, and is now hovering around $415.
If we hold $400 for a few days, then a comprehensive support level will be established.
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prodigy8
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December 09, 2015, 11:05:56 PM |
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We should not be happy too much because the price is now over $400
The price by time has been changed dramatically and we should see what will happen before the new year holiday.
I wish that the new bottom will be $450 and i wish it will be stable during the next upcoming months.
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randy8777
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Activity: 896
Merit: 1000
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December 09, 2015, 11:22:44 PM |
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We should not be happy too much because the price is now over $400
The price by time has been changed dramatically and we should see what will happen before the new year holiday.
I wish that the new bottom will be $450 and i wish it will be stable during the next upcoming months.
the absolute bottom right now is $400. i think it will hold. the months that are comming towards us won't be stable. the closer we come to the block halving, the more volatility we will see. i expect the start of the new year to be really volatile as people will panic buy in order to not be too late to buy. |
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harizen
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December 10, 2015, 03:53:36 AM |
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We should not be happy too much because the price is now over $400
The price by time has been changed dramatically and we should see what will happen before the new year holiday.
I wish that the new bottom will be $450 and i wish it will be stable during the next upcoming months.
the absolute bottom right now is $400. i think it will hold. the months that are comming towards us won't be stable. the closer we come to the block halving, the more volatility we will see. i expect the start of the new year to be really volatile as people will panic buy in order to not be too late to buy. Building resistance now at today's range. I will assume that many expecting a price increase next year that's why some are acquiring coins now at their known cheap prices. Look, even at 414 range many placing orders for buy. See how optimistic they are. And for the sellers theyre not selling it for below 410 thats why we are now staying for fixed range as of today. |
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The Sceptical Chymist
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Cashback 15%
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December 10, 2015, 04:02:00 AM |
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Waaaaay too soon to be calling any sort of bottom at $400. That's wishful thinking at this point, though I hope it's the case along with many of you.
Is anyone here short btc? How would one go about shorting it? (I'm not personally interested in doing so, I'm just curious).
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harizen
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December 10, 2015, 04:09:15 AM |
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Waaaaay too soon to be calling any sort of bottom at $400. That's wishful thinking at this point, though I hope it's the case along with many of you.
Is anyone here short btc? How would one go about shorting it? (I'm not personally interested in doing so, I'm just curious).
What do you mean by shorting? Trading terms? Well if it's, it means you are deciding to sell within a smaller range by not waiting for really a price pump before selling it. Example you buy @ 300 then the price hits $400. You already make profit here but depends on the price move you if you want to go short. Even the price went up much more you have no regrets. Vice versa with go long. |
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peonminer
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December 10, 2015, 04:11:03 AM |
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Shorting means selling higher, then buying the dip. The midst is profit. Shorts are obtained with leveraged funding usually. With sites such as bitfinex.com, okcoin.com, etc.
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lexuz
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December 10, 2015, 06:54:19 AM |
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Maybe yeah after seeing price can fight on this level, so we can say for now is the new bottom of bitcoin price
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justspare
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December 10, 2015, 06:55:43 AM |
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That's probably a good prediction of the floor... The trend is extremely upwards and it should continue that way during Christmas and the new year. I hope it stabilises at that level.
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pissedoff
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December 10, 2015, 09:21:28 AM |
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Maybe yeah after seeing price can fight on this level, so we can say for now is the new bottom of bitcoin price
I would not conclude that the new bottom of the bitcoin price is $400. I am expecting it to rise around $450 by the end of this year. |
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ridery99
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December 10, 2015, 09:25:33 AM |
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This is the new normal  |
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LuckyYOU
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December 10, 2015, 09:28:27 AM |
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I think it's a bit too soon to call $400 the new bottom, we just got to this point.
It can still go either way. Even if this is the new bottom, looking back at 2015, there has been progress and that's all I'm looking for when I'm investing in something.
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newcoins1978
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December 10, 2015, 09:29:01 AM |
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Maybe yeah after seeing price can fight on this level, so we can say for now is the new bottom of bitcoin price
I would not conclude that the new bottom of the bitcoin price is $400. I am expecting it to rise around $450 by the end of this year. I also expect that bitcoin will be in the end of the year 450 dollars. You can't never tell if 400 dollars will be the bottom, because bitcoins is just like a rollercoaster so lets see what will happen. |
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