Richy_T
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Activity: 2436
Merit: 2114
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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February 28, 2013, 06:47:21 PM |
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I didn't say which week. Though it will be soon, real soon. Very soon even.
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Bit_Happy (OP)
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2013, 08:14:28 PM |
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The over-due correction is happening now. <EDIT: Gox was showing incorrect asks below $29.75>Stop Selling! Now is the time to buy  |
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jwzguy
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February 28, 2013, 08:15:17 PM |
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The over-due correction is happening now. Stop Selling! Now is the time to buy One large sale is not a correction. |
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Bit_Happy (OP)
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2013, 08:22:58 PM |
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$3 is a decent short-term correction. A much bigger drop is possible, but we have so many "bubble-heads". ...
One large sale is not a correction.
This https://mtgox.com/code/data/getDepth.phpwas showing the ask price at 29.xx, but it was goxed. The best fill I got was very low $31 |
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jwzguy
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February 28, 2013, 08:28:26 PM |
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$3 is a decent short-term correction. A much bigger drop is possible, but we have so many "bubble-heads".
34.2 - 32.8 = $1.6 One guy cleared out the order book, that's not a "correction" to the lowest price he got. Half the ticker sites are still frozen and the price is already over 50% over the lowest price he got to. I suspect if you give it another minute or two it will be back higher. |
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Mousepotato
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February 28, 2013, 08:30:37 PM |
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This is getting a little too high. I'm cashing out while the cashing is good.
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Mousepotato
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Fuzzy
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February 28, 2013, 08:41:01 PM |
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This is getting a little too high. I'm cashing out while the cashing is good.
Just don't make the mistake of going back and checking the price later, to see that it's gone up to $40. Even with all your sweet profit, you'll be kicking yourself. |
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Bitobsessed
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February 28, 2013, 08:50:43 PM |
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I emailed this to a friend this morning calling the sell off. Too bad I did not 100% believe myself. Email was titled "Ready for the sell off?" This is hilarious watching people panic. It will recover and continue to climb...  |
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Bit_Happy (OP)
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2013, 08:56:32 PM |
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...
34.2 - 32.8 = $1.6
...
FYI: $34.51541 - 31.05 (....BTC at $31.05107) = $3.46 (or more, it probably went under 31) $3.46 which is a very decent short-term correction. |
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jwzguy
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February 28, 2013, 08:59:33 PM |
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...
34.2 - 32.8 = $1.6
...
FYI: $34.51541 - 31.05 (....BTC at $31.05107) = $3.46 $3.46 which is a very decent short-term correction. The price is currently 33.32, not 31.05. 31.05 is just the point to which a seller cleared out the order book. It's not where the price ended up. Maybe your ticker window is still frozen. Try hitting refresh. |
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Gatekeeper
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February 28, 2013, 09:03:28 PM |
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that's what i find most pathetic, 1 person sells a chunk of coins and all the bears jump all over it, shame that every time it just moves back up to what it was before and shows them up.
"omg 1 person sold" crash crash correction correction!!
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(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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Bit_Happy (OP)
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2013, 09:05:05 PM |
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The price is currently 33.32, not 31.05. 31.05 is just the point to which a seller cleared out the order book. It's not where the price ended up.
Maybe your ticker window is still frozen. Try hitting refresh.
Try paying attention to detail, especially when you previously decided to insult someone. I had orders filled at 31.05, did you?  The (short-term) correction was ~$3.50, no matter what you believe... |
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Bit_Happy (OP)
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Activity: 2100
Merit: 1040
A Great Time to Start Something!
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February 28, 2013, 09:10:19 PM |
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This was on page 1 of the thread. Was anyone able to respond to the challenge? Perhaps I didn't see it ... - Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one. |
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jwzguy
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February 28, 2013, 09:10:54 PM |
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The price is currently 33.32, not 31.05. 31.05 is just the point to which a seller cleared out the order book. It's not where the price ended up.
Maybe your ticker window is still frozen. Try hitting refresh.
Try paying attention to detail, especially when you previously decided to insult someone. I had orders filled at 31.05, did you? The (short-term) correction was ~$3.50, no matter what you believe... Maybe if you didn't use such self-righteous silliness as "I'm sorry to inform you", you wouldn't have felt insulted by someone pointing out how foolish you sounded. |
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Bitobsessed
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February 28, 2013, 09:15:18 PM |
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This was on page 1 of the thread. Was anyone able to respond to the challenge? Perhaps I didn't see it ... - Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one. Shhhh...quit helping all the noobs. Just a joke. But you are correct, it just does not happen(that I know of). |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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February 28, 2013, 09:44:17 PM |
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Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
There is none. But what you cannot know beforehand is the magnitude of the spike. Today we are talking about +200% in two months. Remember late 2010? At $1 bitcoin was screaming overbought, yet it decided to go up another 30-fold before the dramatic correction. That is akin to going to $1000 in the following 5 months. Now THAT is something |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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Piper67
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Activity: 1106
Merit: 1001
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February 28, 2013, 09:45:15 PM |
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Please post any chart from ANY financial market in modern or ancient history that shows a massive, dramatic upward spike without a sharp correction.
Good luck finding one.
There is none. But what you cannot know beforehand is the magnitude of the spike. Today we are talking about +200% in two months. Remember late 2010? At $1 bitcoin was screaming overbought, yet it decided to go up another 30-fold before the dramatic correction. That is akin to going to $1000 in the following 5 months. Now THAT is something Actually, that would start to move into cool territory  |
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Domrada
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February 28, 2013, 10:00:18 PM |
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I'm sorry, I'm confused. 24 hours ago the price was 31.5. Now it is 33.5. How does this qualify as a correction? Explain it like I'm 5.
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cheat_2_win
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February 28, 2013, 10:02:10 PM |
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I'm sorry, I'm confused. 24 hours ago the price was 31.5. Now it is 33.5. How does this qualify as a correction? Explain it like I'm 5.
+1 |
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