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Author Topic: will you speculate at $100?  (Read 1325 times)
kingcrimson
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March 21, 2013, 04:56:16 PM
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$100 appears to be a strong psychological number that will trigger sells. anyone going to risk at that price?
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mccorvic
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March 21, 2013, 04:56:35 PM
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$100 appears to be a strong psychological number that will trigger sells. anyone going to risk at that price?

I'll be holding.

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March 21, 2013, 05:05:09 PM
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$100 appears to be a strong psychological number that will trigger sells. anyone going to risk at that price?

I'll be holding.

I'll be holding too.  But I'm still very interested in what happens around $75.  I think that's a more important point than $100.

Dankedan: price seems low, time to sell I think...
Ozymandias
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March 21, 2013, 07:08:26 PM
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I'll be holding too.  But I'm still very interested in what happens around $75.  I think that's a more important point than $100.

Could you please explain why? It seems to me like a triple digit fiat valuation would be more of a psychological barrier than 75.

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March 21, 2013, 07:10:30 PM
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No.I will just continue using bitcoin as currency, no matter the price.

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March 21, 2013, 07:15:53 PM
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will you speculate at $100?

No all my orders are at $99 or $101.
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March 21, 2013, 07:25:34 PM
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I'll be holding too.  But I'm still very interested in what happens around $75.  I think that's a more important point than $100.

Could you please explain why? It seems to me like a triple digit fiat valuation would be more of a psychological barrier than 75.

Generally put, we rough-count by ones, up to ten; by tens up to fifty; and by quarters (the first one being 75) after fifty.  It's an important barrier - and I note that we bounced off $75 an hour or two ago...

After 150, we count by fifties up to 250, and by 250s to a thousand.

YMMV.  It's just something I've found to be frequently the case.  I'm sure that there are many other takes on counting - it's such a basic thing that all the post-docs just live to complicate it, no doubt.

Dankedan: price seems low, time to sell I think...
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