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Poll
Question: How long before a new record price is set?  (Voting closed: February 22, 2013, 02:58:03 AM)
Four Hours! - 2 (1.4%)
By Tomorrow - 8 (5.7%)
By the end of the week - 13 (9.2%)
Maybe this month - 81 (57.4%)
Years - 4 (2.8%)
Not likely before the big crash - 8 (5.7%)
More likely to reach 32 "bad gateway" errors on bitcointalk first - 25 (17.7%)
Total Voters: 141

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Author Topic: Four hours to a new record price! ( + Poll )  (Read 2455 times)
alan2here
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February 15, 2013, 10:20:54 PM
 #21

I've seen several posts about this in this thread:
https://bitcointalk.org/index.php?topic=101081

The linked thread could do with trustworthy people in it again, as much as is ever the case around here :¬P I'd like to make sure it's kept up to date.

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arepo
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this statement is false


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February 15, 2013, 10:26:28 PM
 #22

you and all of the other irrational bulls. ready for the squeeeeeze
No such thing, unless you know of a BTC exchange that supports margin trading. (In which case, being out of USD wouldn't be keeping theymos from buying!)

you don't need leverage for a squeeze to happen, leveraging just magnifies the effect. follow me here: "Everyone can't get rich". this is a zero-sum game. if everyone is out of usd, the price will stall and someone will get spooked. some profit-taking will happen and the coins will move to 'stronger' hands. unless the buying pressure is strong, the price will settle at a lower point. long squeeze.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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February 15, 2013, 11:57:06 PM
 #23

you don't need leverage for a squeeze to happen, leveraging just magnifies the effect. follow me here: "Everyone can't get rich". this is a zero-sum game. if everyone is out of usd, the price will stall and someone will get spooked. some profit-taking will happen and the coins will move to 'stronger' hands. unless the buying pressure is strong, the price will settle at a lower point. long squeeze.
My impression was that "squeeze" specifically meant the effect of margin positions getting liquidated by a big move, necessitating market action by the margin lenders to recover their principal, leading to a multiplication of the move.

It seems I was mistaken!

If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
arepo
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this statement is false


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February 16, 2013, 01:39:50 AM
 #24

[snip]
It seems I was mistaken!

no thats pretty much right. im just saying the same effect where a positive feedback loop causes the multiplication of a move due to traders being forced to cover their positions (automatically or voluntarily) can happen without leverage.

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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DoomDumas
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February 16, 2013, 04:56:14 AM
 #25

10 days  Grin


Ignore the scale, was just a copy and paste job in paint

I agree Smiley  this trends keep up for some time, and did'nt broke even after some serious sell volume.. Smiley  It will keep this way Smiley
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February 17, 2013, 12:43:53 AM
 #26

I'd buy, but I'm out of USD. Sad

In that case, it is time to sell your daughters!

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