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Author Topic: BTC will be below $11 by Tuesday, probably be below $7 by Friday.  (Read 7831 times)
cryptoanarchist
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June 12, 2011, 12:32:23 AM
 #41

Freemasons are on the attack.

If you don't think the freemasons are fighting bitcoin, you're naive at best, a conspirator at worst.

Does anyone think its odd that suddenly brand new posters are making uninformed, negative comments that all seem to follow the same talking points? Or that it seems coordinated with other attacks on facebook, youtube, and other social media.

They're coordinating across all the lodges to smear bitcoins, of course. Why wouldn't they? Bitcoins are a direct assault on their power. For those of you who don't know, those are freemason symbols on your paper fiat money. They run it, and they don't like competition.

Expect more run ups in price as the freemasons use their paper USD wealth to bounce the market up and down and poo poo btc every time they do a sell off.

The smart ones will listen to their rhetoric, and use it to time their buys and sells.
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June 12, 2011, 12:36:44 AM
 #42

There seems to be lots of posters out to scare the price down at the min I cant think why Roll Eyes

They may not be opportunists, it might just be schadenfreude
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June 12, 2011, 12:39:49 AM
 #43


That's a strawman.  I never said that nothing bad happens in the regular FX market.  However, I at least know that my broker is giving me correct information, my money will still be there tomorrow, and that the  market is too large to be manipulated by any one person/entity.


That's why they (the central banks) have central authority to set interest rates (to manipulate a big market in an elegant way).

Money still there tomorrow   Roll Eyes  That is funny, dont you remember Lehman brothers? Friday all peachy, Monday total meltdown

http://www.newser.com/story/37459/lehman-crash-triggers-global-market-tumble.html

Brokers manipulate information it has being done many times over
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June 12, 2011, 02:21:02 AM
 #44

Bitcoins are only getting started.

Welcome to the forums.  Smiley
Yes, BTC is just a baby, lots of growth to do soon.

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June 12, 2011, 02:27:47 AM
 #45

I wonder how low it'll bottom out at?  I've been a miner until now, but at this rate ...

The trading pool is so easily manipulated that I can't help wonder if a crash is the goal of an individual who intends to buy out immense quantities of bitcoins at minimal prices.
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June 12, 2011, 02:38:38 AM
 #46

The trading pool is so easily manipulated that I can't help wonder if a crash is the goal of an individual who intends to buy out immense quantities of bitcoins at minimal prices.

Why does everyone assume the falling price is due to manipulation, or that someone will now jump in and buy up massive quantities of BTC?  What if the falling price reflects economics: you can't do anything with BTC (apart from a few very minor retailers, and web hosting companies, yawn).  If I was running a retail shop there's no way I'd ever take BTC.  I don't fancy getting $100 of value today for a sale and have it plummet to $40 within 4 days.

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Babylon
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June 12, 2011, 04:46:36 AM
 #47

The trading pool is so easily manipulated that I can't help wonder if a crash is the goal of an individual who intends to buy out immense quantities of bitcoins at minimal prices.

Why does everyone assume the falling price is due to manipulation, or that someone will now jump in and buy up massive quantities of BTC?  What if the falling price reflects economics: you can't do anything with BTC (apart from a few very minor retailers, and web hosting companies, yawn).  If I was running a retail shop there's no way I'd ever take BTC.  I don't fancy getting $100 of value today for a sale and have it plummet to $40 within 4 days.

This is an anomalous decline.  Bitcoin has generally increased in value, sometimes slowly sometimes quickly, declines have generally been followed by increases fairly soon.

There was definitely a bubble which popped, but I expect prices to start back up again fairly soon, if, perhaps, at a slightly slower rate.

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June 12, 2011, 05:16:19 AM
 #48


Oh hey look $11. 
d.james
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June 12, 2011, 06:17:04 AM
 #49

but u didn't sell me any @ 12 , your loss!

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chungenhung
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June 12, 2011, 06:49:45 AM
 #50

down to $10 now. wow.
So those that bought the bitcoins to run up the price to $30+ is selling it back now for $10??
Usually you should buy low and sell high, not buy high sell low.

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June 12, 2011, 06:53:26 AM
 #51

Unfortunately, there are still lots of idiot investors, lol
When I was 16 I bought some USD while they were high to wait a bit till they rise even more. Since I lost 30% of investment, I had my lesson. Seems not everyone does.

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d.james
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June 12, 2011, 08:15:58 AM
 #52

went up to 15 at one point and down to 13.69 as i post

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June 12, 2011, 09:56:29 AM
 #53

Unfortunately, there are still lots of idiot investors, lol
When I was 16 I bought some USD while they were high to wait a bit till they rise even more. Since I lost 30% of investment, I had my lesson. Seems not everyone does.

That's because not everyone has ever lost 30% or more. That's just part of the process. I lost 50% after the dot com bubble.

Jack of Diamonds
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June 12, 2011, 10:28:46 AM
 #54

The trading pool is so easily manipulated that I can't help wonder if a crash is the goal of an individual who intends to buy out immense quantities of bitcoins at minimal prices.

Why does everyone assume the falling price is due to manipulation, or that someone will now jump in and buy up massive quantities of BTC?  What if the falling price reflects economics: you can't do anything with BTC (apart from a few very minor retailers, and web hosting companies, yawn).  If I was running a retail shop there's no way I'd ever take BTC.  I don't fancy getting $100 of value today for a sale and have it plummet to $40 within 4 days.

I for one bought in mass at $11.9 just some hours ago.

Not saying whether I sell them all at the current price or save them in BTC wallet, I'm saying it's profitable.
The lower it drops in the very-short-term the more profit there is to be made.

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Rodyland
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June 12, 2011, 11:51:45 AM
 #55

Up to $17.  I'm just annoyed that I had no cash in my mtgox account to buy at 10. 

Beware the weak hands!
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Grant
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June 12, 2011, 11:57:54 AM
 #56

Up to $17.  I'm just annoyed that I had no cash in my mtgox account to buy at 10. 

$14 is the new $10

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June 12, 2011, 01:27:06 PM
 #57



By maintaining this as a community of bitcoin devotees who understand this is more than a get-rich-quick scheme, we will grow more steadily and on a firmer foundation.



preach on brother

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Babylon
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June 12, 2011, 11:51:40 PM
 #58

Darn you Jalum.  I was waiting for $7 to buy back in and missed the low at $10.5

(well, to buy 30 dollars worth of bitcoin actually, so no huge loss)

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