disclaimer201
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December 12, 2015, 01:26:50 AM |
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Well, we saw a spike up when the satoshi news came out, which in effect will introduce a lot of new people to bitcoin and remind a lot of people that it's that time of the cycle again, ie the halving is only 6 months from now. The news was on many mainstream media sites and this exposure is not irrelevant.
I do not think it will reach 500 but will go down again at christmas and stay in the lower 400s.
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AtheistAKASaneBrain
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December 12, 2015, 01:37:00 AM |
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What's unsustainable is the price being under 4 figures for any longer than another year. Im pretty sure now that when we approach the halving we are going to smash through the last ATH like a ragging bull, then we will have a lot of people selling only to find out there's no correction worth selling at last ATH prices because it will keep growing.
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The Sceptical Chymist
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Cashback 15%
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December 12, 2015, 01:46:58 AM |
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What's unsustainable is the price being under 4 figures for any longer than another year. Im pretty sure now that when we approach the halving we are going to smash through the last ATH like a ragging bull, then we will have a lot of people selling only to find out there's no correction worth selling at last ATH prices because it will keep growing.
Hate to disagree with you again, but I think the price already reflects the halving. I'm not a big proponent of the efficient market hypothesis, but we all know the halving is going to happen, and the price isn't going to react as though it's news. I do believe your views are shaped by rampant optimism and emotion, and that can be dangerous. However, we'll see. I could be totally wrong. |
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HarHarHar9965
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December 12, 2015, 04:35:40 AM |
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Bitcoin has been on the rise, currently at $435. Is this a sustainable number, or is it a momentary spike because of the news?
Its not a sustainable value for Bitcoin. According to satoshi's prediction Bitcoin will reach the worht Which is equal 10000$ USD for 1 BTC. my side I am expecting this only for use my bitcoin as future savings. |
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MTBTT
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December 12, 2015, 04:36:17 AM |
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Just dropped to $420. This isn't looking good  |
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kwukduck
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December 12, 2015, 06:01:39 AM |
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Looks like you got your answer xD
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14b8PdeWLqK3yi3PrNHMmCvSmvDEKEBh3E
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Arrakeen
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December 12, 2015, 06:03:02 AM |
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Didn't the LTC price jump way before the halving - and by the time it occurred, prices were lower than before?
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MTBTT
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December 12, 2015, 06:03:16 AM |
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Down to $410 it goes... I hate this.
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Amph
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December 12, 2015, 08:36:50 AM |
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Just dropped to $420. This isn't looking good why no, in comaprison with 350, this is a a 14% increase it's better than good to me, don't look at the last thing that happen, look at the whole picture, look at the progresses that we made since we were at 230 now we are near the 100%, better than this i would not ask.... |
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apriyoni
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December 12, 2015, 09:30:59 AM |
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The price rose from about $350. I think it is sustainable as the price foundation around $350 is quite solid. It might stay here for a few weeks.
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justspare
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December 12, 2015, 09:40:24 AM |
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It is not sustainable because I believe that the price is going to keep on rising over $500. I really doubt that it is because of the news, it is because the demand of Bitcoin is increasing.
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justspare
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December 12, 2015, 09:57:19 AM |
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The price rose from about $350. I think it is sustainable as the price foundation around $350 is quite solid. It might stay here for a few weeks.
$350 is a very good foundation for Bitcoin's price. But I would really like to see Bitcoin's price rise over $1000. This would be great for me as I bought Bitcoin when it was just $100. |
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bearex
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December 12, 2015, 10:06:35 AM |
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It is just a spike just like last month. It will probably go back to $370 in a week or two
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mobnepal
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December 12, 2015, 11:53:23 AM |
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It is just a spike just like last month. It will probably go back to $370 in a week or two
why you think it will go that deep? there is no reason to panic, no single negative news so why to sell at low. I think traders have more positive feeling nowadays as despite of large drop today, it rises again within few hours. |
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extrabyte
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December 12, 2015, 12:07:21 PM |
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At the moment it is the exact price of bitcoin, i don't think that it is sustainable but everything that goes above 400 should be considered as good.
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richardsNY
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December 12, 2015, 12:31:58 PM |
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I think it will hold. If you look closely, then you see with such a dump, they could have easily dumped the price under $400 on Bitfinex. Instead, it stopped at $402.5 and from that point it started to recover again. The whales that were behind this dump didn't want to let it dive under $400.
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tarsua
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December 12, 2015, 12:34:39 PM |
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Definately not sustainable OP, i think its related to articles circling around the internet about that australian guy being satoshi, i dont expect the price to still be uver 400$ by friday
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isvicre
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December 12, 2015, 12:58:47 PM |
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400$ support is working very good, we don't have any problems in short term.
I'll buy at 400-430 and sell at 470-500. That works in short term too.
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worhiper_-_
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December 12, 2015, 02:19:42 PM |
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I just went to sleep and look what I missed! God dammit.  At least I know that my predictions were right, and to be perfectly honest I'm expecting more downward activity, the last threshold for me is Chinese new year. We already saw that there's some strong profit taking from the last day market activities, this won't allow the price to be lead up no matter how bullish some traders are. This is quite a risky time to count on the bullish activity of the market as we haven's seen such price levels in months, play it safe everyone.  |
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apriyoni
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January 19, 2016, 10:51:14 AM |
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I just went to sleep and look what I missed! God dammit. At least I know that my predictions were right, and to be perfectly honest I'm expecting more downward activity, the last threshold for me is Chinese new year. We already saw that there's some strong profit taking from the last day market activities, this won't allow the price to be lead up no matter how bullish some traders are. This is quite a risky time to count on the bullish activity of the market as we haven's seen such price levels in months, play it safe everyone. You did not miss the price drop. The price is $380 now. So you can buy more and sell high in the future. The price is too unpredictable. |
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