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Author Topic: [2016-02-22]Bitcoin Price Watch; 500 on the Cards?  (Read 281 times)
Blawpaw
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February 22, 2016, 02:43:12 PM
 #1

Bitcoin Price Watch; 500 on the Cards?

Yet again, we’ve had a pretty eventful weekend in the bitcoin price. We surmised that we might see some volatility on the Asian open, but actually ended up seeing the most volatile action early Sunday morning. Having gained throughout Saturday to overnight (and intraweek) highs just shy of 450 flat, price took a sharp hit to carve out weekend lows of...

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February 22, 2016, 05:20:20 PM
 #2

Bitcoin Price Watch; 500 on the Cards?

Yet again, we’ve had a pretty eventful weekend in the bitcoin price. We surmised that we might see some volatility on the Asian open, but actually ended up seeing the most volatile action early Sunday morning. Having gained throughout Saturday to overnight (and intraweek) highs just shy of 450 flat, price took a sharp hit to carve out weekend lows of...

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$500? We just got past $400 a few weeks back.
It is better to have steady, sustainable gains rather than a huge spike followed by a crash.


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richardsNY
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February 22, 2016, 09:17:35 PM
 #3

Bitcoin Price Watch; 500 on the Cards?

Yet again, we’ve had a pretty eventful weekend in the bitcoin price. We surmised that we might see some volatility on the Asian open, but actually ended up seeing the most volatile action early Sunday morning. Having gained throughout Saturday to overnight (and intraweek) highs just shy of 450 flat, price took a sharp hit to carve out weekend lows of...

Read more

$500? We just got past $400 a few weeks back.
It is better to have steady, sustainable gains rather than a huge spike followed by a crash.

I agree with you that it is 100 times better to have a slower growth where the Bitcoin price can develop a good support level instead of a single peak. However, a lot people here on this forum are only interested in quick gains. They don't really care about the rest.
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