Raimonn
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Activity: 1456
Merit: 1001
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June 21, 2016, 10:20:37 PM |
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I don't see this correction, as a big problem, before that 100$ down, bitcoin price scaled from 400$ to 750$. Now 650$ looks as an small correction, traders could take some profits, and others will buy at this level expecting more increasings.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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June 21, 2016, 10:33:50 PM |
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It's a perfect day for day traders dreaming of such volatility. It is however not that nice for people who bought themselves some coins above the $700 level previously. Let's just hope this was the worst part of the correction and that it will go up from here.
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uki
Legendary
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Activity: 1358
Merit: 1000
cryptojunk bag holder
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June 21, 2016, 10:47:11 PM |
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The price on BTC-e is $614 as we speak. Any reason for this?
No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. |
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greatr
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June 21, 2016, 11:23:22 PM |
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The price on BTC-e is $614 as we speak. Any reason for this?
No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. well yeah, there might be no real reason for the price to go up a lot but i think that doesnt mean it should fall i think bitcoin is definitely going to recover pretty soon and make us a lot of money with a new growth |
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jubalix
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Activity: 2618
Merit: 1022
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June 21, 2016, 11:46:16 PM |
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its actually good to have a down like this rather than quasi parabolic up for longer
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yhansky
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June 22, 2016, 01:42:53 AM |
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Its a normal thing,it is very similar to what happened when bitcoin price jump from 480 to 580 in just 2 days..
Maybe bitcoin will be back on the right track on its upward trend this weekends.
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bitcoinhopper
Sr. Member
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Activity: 336
Merit: 250
Bravity is beautiful.
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June 22, 2016, 01:51:56 AM |
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Yes the bitcoin has lost more than 100 dollar in a day but its getting back up so we do not have to worry about that in my opinion.
Its that we need to have some patient for it.
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RoomBot
Legendary
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Activity: 2268
Merit: 1123
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June 22, 2016, 01:55:37 AM |
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Yup! Bitcoin actually depends upon "volatility." That's not a bad thing. It's like a pulse, or the ebb & flow of the tide; otherwise all you have is stagnation. The thing is, we can truly expect some more big movement as word of the BTC halving gets around.... It started even sooner than I expected. I've been buying small amounts weekly all year at $400-$500 & once at $590  Like everyone else here, wishing I could afford to buy more during this dip. |
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Daneric
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June 22, 2016, 10:33:57 AM |
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There are high chances its heading back down from one of those levels though, most likely, but anything is possible of course and the uptrend is a strong one, so be careful (long term uptrend) sellers already stepping in and rejecting higher prices, buyers stronger tho still so far, gonna be surprised if they can take it much higher made it right through 675, looking pretty strong so far;starting to look like it may be a reversal, but still needs to get above 690 resistance area
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sishendaoye
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June 22, 2016, 11:18:56 AM |
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There are high chances its heading back down from one of those levels though, most likely, but anything is possible of course and the uptrend is a strong one, so be careful (long term uptrend) sellers already stepping in and rejecting higher prices, buyers stronger tho still so far, gonna be surprised if they can take it much higher made it right through 675, looking pretty strong so far;starting to look like it may be a reversal, but still needs to get above 690 resistance area
I see the downtrend has already started. Which means forget 100 dollar, it will go much lower then 100 dollar. I don't expect it to go to 350 but yes nobody knows and anything can happen. The only thing we should be careful now is to not fall into panic selling. |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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June 22, 2016, 10:30:20 PM |
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The price on BTC-e is $614 as we speak. Any reason for this?
No reason. Same, as there was no reason for the recent rises. It is all speculative pumping and dumping. NO real reasons or explanation of such price action. well yeah, there might be no real reason for the price to go up a lot but i think that doesnt mean it should fall i think bitcoin is definitely going to recover pretty soon and make us a lot of money with a new growth see you at around $500. We may talk about the recovery from there. |
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RoomBot
Legendary
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Activity: 2268
Merit: 1123
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June 23, 2016, 01:19:08 AM
Last edit: July 27, 2017, 05:50:27 AM by RoomBot |
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$590? It's selling for $590 on Coinbase, ATM. Last time I bought at $590, it was $599 ten minutes later, then $600..$700... almost $800 within a week ... and I spent some on foodler.com @ $770.  So I'm buying again today.  What a ride............ |
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btc_owner
Member
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Activity: 112
Merit: 10
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June 23, 2016, 01:21:07 AM |
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570dollars... don't stop lol..
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Sir_lagsalot
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June 23, 2016, 01:23:30 AM |
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It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect.
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btc_owner
Member
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Activity: 112
Merit: 10
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June 23, 2016, 01:32:29 AM |
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It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect.
"Price correction" we go back to the price before the "bull", we have already lost half of what we have "win" |
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RoomBot
Legendary
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Activity: 2268
Merit: 1123
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June 23, 2016, 01:38:00 AM |
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It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect.
"Price correction" we go back to the price before the "bull", we have already lost half of what we have "win" Just hold thru the halving and / or sell when you like the rising price. It WILL rise, even if temporarily, around the Halving next month! |
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Piltover
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June 23, 2016, 03:20:21 AM |
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Yes of course this can also happen, the bitcoin can go to all kind of positions these days.
I think it will rise more and more the couple months.
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elyas772
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June 23, 2016, 04:29:23 AM |
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other explanation frm coindesk "The drop below $600 indicates that many traders believe that 'Bremain' will prevail. The vote is still too close to call with various polls indicating 'Brexit' and 'Bremain' in a dead heat."Bitcoin Price Drops $100 As ‘Brexit’ Hopes Falter source : http://www.coindesk.com/bitcoin-price-drops-100-brexit-hopes-falter/ |
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2012
Legendary
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Activity: 1526
Merit: 1003
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June 23, 2016, 04:46:43 AM |
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That is hilarious to see how quickly it is going down like it went up, i think it is normal and we are at price correction phase so after this another bubble will happen soon.
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UngratefulTony
Member
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Activity: 115
Merit: 10
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June 23, 2016, 04:51:50 AM |
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It's just a price correction. There was huge hype as it was going up, and there's also a huge hype as it's going down. Here I present the snowball effect.
"Price correction" we go back to the price before the "bull", we have already lost half of what we have "win" Just hold thru the halving and / or sell when you like the rising price. It WILL rise, even if temporarily, around the Halving next month! Listen to this man. HODL THRU THE HALVING.
please |
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