Searing
Copper Member
Legendary
 Offline
Activity: 2898
Merit: 1464
Clueless!
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October 05, 2014, 01:13:29 PM |
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so that is what is going on all the whales are using this to push it down and back up? (man it better be market manipulation..if it is just free falling as a floorless market for whatever reason that would be worse imho) |
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heri
Newbie
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Activity: 20
Merit: 0
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October 05, 2014, 01:15:57 PM |
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5 days i checked the bitcoin cap was $5,070,314,778 and now it's $4,133,378,508  1 billion waiting to buy on the next big rally isn't a bad thing. It does NOT work like that. Market cap dropping by a billion does NOT create a billion to spend on bitcoin...  True, some are out forever but I'm guessing 70%+ is waiting to buy in again. Er..small problem with the above I agree folks want to buy back in...but if they are holding like me....likely is they are already "all in" at least mentally ...and/or even if I wanted to...no $$$ to but in at what I would think are good prices anyway (only put in what you can afford and if you are like me..most of us at least are a little bit..over that curve if not tripped in the deep end of the pool and are already floundering and kicking to get out... quite the ugly little loop so you have folks like me ..holding for this to hopefully recover...but the incentive to buy with the wad I have in BTC already and now at these depressed prices....well......again if my discretionary $$$ are already in bitcoin...hard to justify tossing more in...don't ya know ..mainly because I don't know WTF is going on! Nice little conundrum...probably what is making it spiral down....everyone knows they should act and buy coin if they really believe..but have already reached their "pucker factor' and are forzen at this point in time on any 'meaningful jump in the pool' again wtf do I know I bought from BFL and a KNC Titan ...obviously I'm the last person to comment on any of this ...completely clueless on what is going on For the marketcap to drop, people need to sell at lower prices. Which means they have a bag of fiat they can either save, spend or invest. So these people are not all-in, and have room to re-enter the BTC market once it takes off fast enough. |
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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October 05, 2014, 01:19:11 PM |
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the situation is tense...
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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October 05, 2014, 01:19:55 PM |
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We had the ebay news, we had the paypal news. What can change this 400 EU banks news? Nothing I guess :/ That's why you MUST SELL!!!!1Nope I´ll prefer to hold and risk a total loss instead of selling now  |
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MrPiggles
Sr. Member
Offline
Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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October 05, 2014, 01:22:24 PM |
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is there blood in the streets yet? when do I buy?
it doesn't smell like desperation yet
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AirFlame
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October 05, 2014, 01:23:34 PM |
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Sell time was at $400 not now.  Now i hope again we go up ! |
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heartastack
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October 05, 2014, 01:25:16 PM |
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You would have to be brave to ride all the way down to here from 600 and then just sell.
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blatchcorn
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October 05, 2014, 01:25:40 PM |
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is there blood in the streets yet? when do I buy?
it doesn't smell like desperation yet
I think that is mainly because the decline has been so gradual. Lots of 10% price drops hurt less than one 60% sell-off imo. |
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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October 05, 2014, 01:26:47 PM |
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You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY. |
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rebuilder
Legendary
Offline
Activity: 1615
Merit: 1000
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October 05, 2014, 01:27:04 PM |
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For the marketcap to drop, people need to sell at lower prices. Which means they have a bag of fiat they can either save, spend or invest. So these people are not all-in, and have room to re-enter the BTC market once it takes off fast enough.
Miners selling to cover costs, for example, would not be left with a bag of fiat. They may instead be left with debt. |
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ssmc2
Legendary
Offline
Activity: 2002
Merit: 1040
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October 05, 2014, 01:31:55 PM |
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You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY. ^this |
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heartastack
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October 05, 2014, 01:35:54 PM |
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You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY. ^this Thanks, now I look like an illiterate imbecile thanks to your editing skills. |
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spiderbrain
Legendary
Offline
Activity: 889
Merit: 1013
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October 05, 2014, 01:36:41 PM |
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You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY. =D I am actually punishing my idiot self in the past for not selling at $600 by not allowing myself to sell now, if that makes any sense? |
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klee
Legendary
Offline
Activity: 1498
Merit: 1000
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October 05, 2014, 01:38:18 PM |
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I have added more to my ignore list today than in all prior history. They are probably only one person anyway.
Lol me too! |
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 05, 2014, 01:42:48 PM |
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You would have to be brave stupid not to ride all the way down to here from 600 and not just sell again.
FTFY. =D I am actually punishing my idiot self in the past for not selling at $600 by not allowing myself to sell now, if that makes any sense? oh boy... |
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Ense04
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October 05, 2014, 01:47:47 PM |
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so that is what is going on all the whales are using this to push it down and back up? (man it better be market manipulation..if it is just free falling as a floorless market for whatever reason that would be worse imho) It would definitely be worse, but I don't think that is the case. These prices will attract new investment. No worries here. |
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bitwhizz
Legendary
Offline
Activity: 910
Merit: 1000
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October 05, 2014, 01:49:04 PM |
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Lets set the record straight to all the fudsters
TA indications point to it being oversold - mega high volume, low RSI coupled in a steep dip in value, triple bottom now? large support at 300 and the infamous weekend dip/fud/panic dispair - i am expecting/hoping a rebound tomorrow
Bitcoin has too much invested in it to go to zero, so stop the fud
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prophetx
Legendary
Offline
Activity: 1666
Merit: 1010
he who has the gold makes the rules
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October 05, 2014, 01:49:11 PM |
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is there blood in the streets yet? when do I buy?
it doesn't smell like desperation yet
nah let 300 be tested and break. we all know this puppy is going into the 100s even if briefly i'll buy back in when i see a clear reversal on the 6 hour... |
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AirFlame
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October 05, 2014, 01:49:35 PM |
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so that is what is going on all the whales are using this to push it down and back up? (man it better be market manipulation..if it is just free falling as a floorless market for whatever reason that would be worse imho) It would definitely be worse, but I don't think that is the case. These prices will attract new investment. No worries here. Can't wait to buy again ! |
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fonsie
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October 05, 2014, 01:50:34 PM |
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Just bought another 2.5 BTC, but it wasn't easy, when you got fiat on the exchange it's easy, but instant buys for a couple of thousand dollars is near impossible, we've gone backwards on that part.
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