GoldenAngel (OP)
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March 27, 2013, 11:34:27 PM |
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When mtgox reaches $100 USD/ BTC, is this the symbolic value when everyone is going to sell? Possibly causing a crash? I've spoken to a few people now who plan on cashing out at $100 USD.
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eklass
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March 27, 2013, 11:37:18 PM |
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When mtgox reaches $100 USD/ BTC, is this the symbolic value when everyone is going to sell? Possibly causing a crash? I've spoken to a few people now who plan on cashing out at $100 USD.
No. USD isn't the only currency.
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Garr255
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What's a GPU?
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March 27, 2013, 11:38:40 PM |
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When mtgox reaches $100 USD/ BTC, is this the symbolic value when everyone is going to sell? Possibly causing a crash? I've spoken to a few people now who plan on cashing out at $100 USD.
No. USD isn't the only currency. Yeah I'm waiting for 10,000 USD ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I can imagine the future... "Alright your total for university tuition this year comes to... 1.5 bitcoins." ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Average time between signing on to bitcointalk: Two weeks. Please don't expect responses any faster than that!
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porcupine87
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March 27, 2013, 11:40:58 PM |
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I do hope so. 80€ is the magical number ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) I want to buy but I wait for a (small) crash. Actually my plan was "Ok, Bitcoin is now at 50$. That is way to high, I wait until it falls to 30$ than I buy". I wonder how long I have to wait ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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carborundum
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March 27, 2013, 11:43:27 PM |
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When mtgox reaches $100 USD/ BTC, is this the symbolic value when everyone is going to sell? Possibly causing a crash? I've spoken to a few people now who plan on cashing out at $100 USD.
Quite possibly a big sell signal... It makes a lot of sense.
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simonk83
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March 27, 2013, 11:45:24 PM |
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Quite possibly a big buy signal, that also makes a lot of sense. The amount of media attention we'll get when it happens will be huge.
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cyberaa
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March 27, 2013, 11:51:25 PM |
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Yes since the european markets are struggling alot it can be a buy sign for them for relying on bitcoin and not in the banks
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b¡tco¡n
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Correct Horse Battery Staple
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March 27, 2013, 11:55:10 PM |
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I'm only selling when I can retire on my 20BTC ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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momagic
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March 27, 2013, 11:57:33 PM |
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I'm only selling when I can retire on my 20BTC ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) great username
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tvbcof
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March 28, 2013, 12:02:49 AM |
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My target until some months ago when the block size issue came to the fore had been around $100 (for a relatively small fraction of my holdings.) I went ahead and did some at $60 and will do batch #2 somewhat North of $100 because of this. Probably at around $120...if we get there.
I'll probably be playing out a fair percentage of my remaining BTC in a manner which depends mostly on what things look like on the development front as opposed to what the actual fiat valuation happens to be.
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sig spam anywhere and self-moderated threads on the pol&soc board are for losers.
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porcupine87
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March 28, 2013, 12:12:32 AM |
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I'm only selling when I can retire on my 20BTC ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) great username Nobelprice for creativity ahead ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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"Morality, it could be argued, represents the way that people would like the world to work - whereas economics represents how it actually does work." Freakonomics
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wolverine.ks
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March 28, 2013, 01:13:35 AM |
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If mtgoxlive.com is any indication of what people are thinking about doing when btc hits $100, there seems to be a slight sell wall at $100. However, this obviously does not include orders not listed on mtgox, or orders not listed yet.
its only $300,000 or so. not really a big deal in the grand scheme of things. my guess is at most a $2-5 very temporary drop in price if any drop at all. I think it might very well be a slight hesitation really. especially since if you look at the orders beyond $100. They are almost non existent after that.
i think selling at that point hoping for a dip would be a mistake, especially if the hesitation ends up being very short, and then accelerates onto $150+
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Dargo
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March 28, 2013, 01:41:42 AM |
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There may be a significant dip from 100, but it seems to obvious to crash from 100. Price action has a way of not doing what most people expect. So I'm inclined to think the crash comes somewhere above 100. Also, notice that we haven't had any multi-week corrections during this run. The corrections have played out within a week or a day. But during the first crazy bull run, we had two major multi-week corrections before the final top. It doesn't have to go that way again, but I think it's likely we have at least one multi-week correction before the major top. Also, I don't expect the crash when it comes to be as bad as the 2011 crash (unless really bad news comes out).
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BTC Books
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March 28, 2013, 02:12:53 AM |
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I don't expect that much of a selloff. What I hope to see is that more people will begin to say, "this is real": and $100 is a good psychological point for that.
I do expect buying to slow down among those who have been in bitcoin for a couple of years or so. It will just start to look so bloody expensive to those who bought or mined at a dollar or two: why buy more?
I think $100 is a point at which the transition from speculative investment to transactional vehicle is more important than anything. The recent news about Expensify is heartening in that regard.
I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
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Dankedan: price seems low, time to sell I think...
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simonk83
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March 28, 2013, 02:16:14 AM |
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I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
Link?
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BTC Books
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March 28, 2013, 02:20:44 AM |
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I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
Link? https://www.bridgewalkerapp.com/
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Dankedan: price seems low, time to sell I think...
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BitPirate
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March 28, 2013, 02:23:51 AM |
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I think we'll slice through $100 easily, but probably not right now. I think now we have a heady combination of nervous new hands, and lots of resistance, going into a long weekend with potentially relatively low liquidity on the exchanges.
I think Mt Gox USD/BTC will try to drop today, but can't go too low as it will be held up by buying pressure for EUR/BTC and from other exchanges (they've been stronger all week). We could see a fairly significant dip down to high 70's over the next 3 days though. I imagine this will cause a little bit of panic-sell.
All will be well on Easter Monday though -- on the third day, BTC will rise again, and we'll be gunning for the $100s.
That's where my money's at anyway. I think BTC will emerge much stronger for it.
Looks like it's starting already...
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humanitee
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March 28, 2013, 02:24:14 AM |
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I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
Link? https://www.bridgewalkerapp.com/Seems promising. Thanks for the link.
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Dargo
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March 28, 2013, 02:24:49 AM |
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I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
Link? https://www.bridgewalkerapp.com/Wow, that is huge. I hope they come out with a desktop version too. Not that critical I guess, but would be nice.
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simonk83
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March 28, 2013, 02:25:02 AM |
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I see Bridgewalker as being especially important: I think any bitcoiner who doesn't install and use Bridgewalker should be drummed out of the Corps. There is no better tool to use in your/any social circle, to highlight the value of adoption.
Link? https://www.bridgewalkerapp.com/Nice. Unfortunately I'm back on iOS, and not in the US ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Good idea though. As for this: Q: Will there be a version of Bridgewalker for iOS?
I would like to support iOS, but it seems a little unclear to me at the moment, whether such an app would be allowed in the App Store. I am reluctant to invest the effort to create such an app, if there is a considerable risk that it will not be approved. Cydia ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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