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Herodes
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January 25, 2013, 01:20:25 AM
 #1

Seems like there's quite a lot of panic selling going on. If you're new to this, relax, we're not going down to 0.  Grin
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January 25, 2013, 01:21:42 AM
 #2

Yup. Just down enough to buy cheaper bitcoins!
 Grin

CurbsideProphet
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January 25, 2013, 01:24:04 AM
 #3

I feel a meme of the Iraqi minister of information coming soon...

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January 25, 2013, 01:24:35 AM
 #4

Panic sellers at $17 are probably enjoying the ride so far. Time to panic buy!
Herodes
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January 25, 2013, 01:33:57 AM
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CurbsideProphet
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January 25, 2013, 01:44:07 AM
 #6

 Grin

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January 25, 2013, 03:33:22 AM
 #7

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.   

                               
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Ignore@YourPeril
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January 25, 2013, 03:49:49 AM
 #8

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.   

No, the Bitcoin dressin is starting to backtrack... The 50$ light in the end of the tunnel was rather the approaching diesel train of reality...
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January 25, 2013, 05:03:16 AM
 #9

The train is suspending temporarily to take bunker and replenish provisions. As soon as those whose DCAs are low have sold off we shall resume our journey.   

No, the Bitcoin dressin is starting to backtrack... The 50$ light in the end of the tunnel was rather the approaching diesel train of reality...

Good luck with your trades Wink.

https://www.bitcoin.org/bitcoin.pdf
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January 25, 2013, 05:13:12 AM
 #10

Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000.  That is selling time because the market is saturated with no one left to buy.

Introducing constraints to the economy only serves to limit what can be economical.
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January 25, 2013, 08:15:44 AM
 #11

Best metric is to read reddit/r/bitcoin and see how many posts predict it will go to $1000.  That is selling time because the market is saturated with no one left to buy.
Where's the saturation you've mentioned? You mean a small cake of 50g can feed up 1000 people?

                               
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zby
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January 25, 2013, 08:58:11 AM
 #12

Still very good profit for everyone who bought at 13 - they can still sell and secure it and I guess many will do driving the price a little bit lower.
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January 25, 2013, 12:05:36 PM
 #13

Everyone just clam down!  -- Adamasdltjslejgsdolgjbit

10% off at CampBX for LIFE:  https://campbx.com/main.php?r=C9a5izBQ5vq  ----  Authorized BitVoucher MEGA reseller (& BTC donations appreciated):  https://bitvoucher.co/affl/1HkvK8o8WWDpCTSQGnek7DH9gT1LWeV5s3/
LTC:  LRL6vb6XBRrEEifB73DiEiYZ9vbRy99H41  NMC:  NGb2spdTGpWj8THCPyCainaXenwDhAW1ZT
cbeast
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January 25, 2013, 12:22:32 PM
 #14

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ElectricMucus
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January 25, 2013, 12:27:50 PM
 #15

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...
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January 25, 2013, 12:54:51 PM
 #16

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.
Actually, it's the exact opposite of a dead cat bounce. This is a live cat. Bouncing off the ceiling. In an attempt to break through it. Dead cats don't do that (unless you throw them real hard).

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
bonker
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January 25, 2013, 01:06:01 PM
 #17

Could be a pump and dump. Easy to do in such a small market.

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January 25, 2013, 01:25:31 PM
 #18

This dump was very good. Cautious up movement is always better than panic buying "because prices would never be so low again" - that was a needed lesson that prices will be this low again, much more than once, no need to panicbuy every last BTC in existence. Slow, steady growth. There's enough coins for everyone.

i am satoshi
cbeast
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Let's talk governance, lipstick, and pigs.


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January 25, 2013, 01:49:43 PM
 #19

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...
It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
ElectricMucus
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January 25, 2013, 02:07:06 PM
 #20

This forum is where I learned of the Dead Cat Bounce effect. Two steps forward, one step back. Drive on, Bitcoin.

You got it wrong. Can't tell if trolling...
It appeared that was a classic pump and dump attempt to cause a panic sell. It only partially worked and it appears that Bitcoin is becoming quite resistant to manipulated volatility.

Then you misused the term Dead Cat bounce, since that implies 2 steps back and one forward not verse visa.
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