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Author Topic: That was not a bubble "burst"  (Read 1435 times)
alcibiades
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April 12, 2013, 10:25:26 PM
 #1

The bubble is still on. The hype cycle is still on. The market didn't stop rising because investors suddenly headed for the exit, like in a classic bubble. It stopped rising because the high market activity crashed the main exchange. Don't compare this to previous financial bubbles because there has never been something like this.

And strap yourself in for bubble #3. Watch out for the Gox!

crack money: 1BFzpDHT69SrwLXndVogGgoSf5W4A8TMVS
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nobbynobbynoob
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April 12, 2013, 10:30:25 PM
 #2

Possibly so. But let's not discount the possibility of this mini-rally being a bull trap as well. The price is hovering around 100 USD but understandably the market's more skittish now. Red candles may provide some timely buying opportunities, however; I think the future for bitcoin is bright.

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phatsphere
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April 12, 2013, 10:34:02 PM
 #3

… also don't forget the mtgox discount. still a lot will try to make more of what they have sitting there. this is by no means a sustainable situation.
evolve
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April 12, 2013, 10:34:57 PM
 #4

bull trap

Be careful with your money, people.  Undecided
zarl
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April 12, 2013, 10:49:53 PM
 #5

bull trap

Be careful with your money, people.  Undecided

Please explain me what Bull trap mean
something like pump/dump ?
bitarrow
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April 12, 2013, 10:52:19 PM
 #6

bull trap

Be careful with your money, people.  Undecided

Please explain me what Bull trap mean
something like pump/dump ?
bulls buys a bunch, waits for others to follow, selloff then
zarl
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April 12, 2013, 10:54:38 PM
 #7

Be careful with your money, people.  Undecided

Please explain me what Bull trap mean
something like pump/dump ?
bulls buys a bunch, waits for others to follow, selloff then

ok Wink thanks
PrymeTyme
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April 12, 2013, 10:54:42 PM
 #8

 lets hope this drop scared the shit out of wannabe investors/specs.. to stay the fuckk out of btc.. so that it can find its true value...

buy !!!


http://www.youtube.com/watch?feature=player_profilepage&v=gr735idnjKg


dg2010
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April 12, 2013, 11:09:13 PM
 #9

I think you are right.

It's become common knowledge MtGox have been having lag problems for some weeks now, people will blame that for their losses and remain hopeful, they will not learn the lessons that should have been learned.

And since everyone that got out at the high will still have fiat in their accounts, I suspect they will be drawn into the current rally looking for more gains and it's going to continue to shoot back up. A frenzy will occur despite the obvious.


evolve
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April 12, 2013, 11:14:08 PM
 #10

lets hope this drop scared the shit out of wannabe investors/specs.. to stay the fuckk out of btc.. so that it can find its true value...

buy !!!

You realize that speculators and investors are what provide liquidity to BTC market, right?
BIGMERVE
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April 12, 2013, 11:16:10 PM
 #11

lets hope this drop scared the shit out of wannabe investors/specs.. to stay the fuckk out of btc.. so that it can find its true value...

buy !!!


http://www.youtube.com/watch?feature=player_profilepage&v=gr735idnjKg




Really? So you're an expert speculator?

PrymeTyme
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April 12, 2013, 11:16:44 PM
 #12

lets hope this drop scared the shit out of wannabe investors/specs.. to stay the fuckk out of btc.. so that it can find its true value...

buy !!!

You realize that speculators and investors are what provide liquidity to BTC market, right?



yea . iam one of them !

  Grin

i like to play with pros.. thou
arepo
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this statement is false


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April 12, 2013, 11:56:00 PM
 #13

The bubble is still on. The hype cycle is still on.

i don't think you know what either of those words mean..

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
BitCloud
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April 13, 2013, 12:36:21 AM
 #14

http://bitcoincharts.com/charts/mtgoxUSD#tgCzm1g10zm2g25

so far it looks like the previous plop: dramatic drop, small recovery from lows

from there it slowly kept on going down

my best guess: either buy right now or wait 6 weeks, in a couple months btc will reemerge in the media, also more and more vc investments and traditional funds are working on getting on this

so definitely will load up < 3mos
bitcon
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April 13, 2013, 12:40:35 AM
 #15

proudhon is wrong again. the market is strong as a baseball bat up a bears butt.


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