JimboToronto
Legendary
 Online
Activity: 3990
Merit: 4461
You're never too old to think young.
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December 11, 2015, 11:40:45 PM |
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I don't get what drives the price.
Demand? |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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December 11, 2015, 11:41:32 PM |
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I don't get what drives the price.
That's always a bit of a mystery.... and likewise what drives the price down. Its as clear as muddy water lol Edit: of course as in anything demand sets the price, but what drives that demand like, as in now?  |
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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December 11, 2015, 11:42:27 PM |
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Huobi moving fast 2992 already
I wish I had bought a lot more this summer oh well, this is a lot of fun to watch even if I only have a few coins. Beats the shit out of watching tv.
Everyone's a financial god in retrospect. If I'd had the spare money I would've bought more in the 200s but my limit was reached. This is a fine way to round off what's been a pretty indifferent year for the value overall. Let's hope both newcomers and those who hung in there have a juicy 2016. |
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TERA
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December 11, 2015, 11:46:32 PM |
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I don't get what drives the price.
Short term prices are driven by speculation and traders. Mid term prices are driven by the rise and fall of exchanges and fresh fiat injections. Long term prices are driven by adoption |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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December 11, 2015, 11:46:51 PM |
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I don't get what drives the price.
... free energy mostly and maybe a little negative entropy gradient from the increased information flux due to Bitcoin. |
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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December 11, 2015, 11:48:16 PM |
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We are up 8.6% in the last 24 hours. I'm opening a short position. This thing is gonna dip. I will buy back in at 435, or maybe 420.
or you'll close your short at 475 and buy back in 485. |
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dloghwak
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December 11, 2015, 11:48:45 PM |
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I don't get what drives the price.
That's always a bit of a mystery.... and likewise what drives the price down. Its as clear as muddy water lol Edit: of course as in anything demand sets the price, but what drives that demand like, as in now? These kinds of speculative bubbles are driven by greed and false expectations. |
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MinermanNC
Legendary
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Activity: 2198
Merit: 1000
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December 11, 2015, 11:49:20 PM |
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Long term prices are driven by adoption that's the most significant one 
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1115
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December 11, 2015, 11:51:06 PM |
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I don't get what drives the price.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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December 11, 2015, 11:51:14 PM |
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I don't get what drives the price.
Short term prices are driven by speculation and traders. Mid term prices are driven by the rise and fall of exchanges and fresh fiat injections. Long term prices are driven by adoption Nice one. I'd probably say sufficiently strong momentum means speculative influence crosses from short to mid term, but that's splitting hairs maybe. |
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JayJuanGee
Legendary
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Activity: 3696
Merit: 10188
Self-Custody is a right. Say no to"Non-custodial"
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December 11, 2015, 11:54:27 PM |
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i think i'm going to puke!
You shouldn't swing trade so much!  I only trade at most 2%of my btc for grins and chuckles... I think that Adam likes to exaggerate a bit for lols... because I think that he is only trading a small portion of his holdings.... Anyhow, regarding trading quantity, I'm kinda in a similar boat that I only trade small portions of my holdings - however, there are various points that I sell a bit and that bit gets left behind. So for example, earlier today, I sold about 1BTC at $436, and soon thereafter, we left that trading range. My tentative solution is just to forget about that 1 BTC, unless the price comes back down... and accordingly I put off selling anymore a bit more... for example, maybe I will try selling another 1 BTC in the $490 price range - even though I remain a bit hesitant - and I may wait until $520.. just to make up for the fact that I sold one of my BTC too early. I have done this several times already, and it is a kind of self punishment for selling any BTC too early. |
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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December 11, 2015, 11:56:18 PM |
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I think Huobi will smash through 3k soon, it just touched it.
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TERA
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December 11, 2015, 11:58:08 PM |
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Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 12, 2015, 12:00:52 AM |
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64dimensions
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December 12, 2015, 12:01:01 AM |
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I don't get what drives the price.
My guess is that BTC is the latest speculative financial vehicle in China. One thing that is missing in the west is the financial worldview/partyline of the Chinese press. The traditional places that Chinese like to put money in like real estate, new business and the stock market are kind of meh at the moment. |
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dloghwak
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December 12, 2015, 12:03:24 AM |
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Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.
How did that work out for you? |
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MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
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December 12, 2015, 12:04:41 AM |
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So far we on the way to 500 ...moving in the right direction My advice, sell when we see 1000.00 again  It could be that again... remember when some analyst were saying 10,000 lol what ever happened to that kind of talk.... |
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MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
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December 12, 2015, 12:07:00 AM |
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I don't get what drives the price.
My guess is that BTC is the latest speculative financial vehicle in China. One thing that is missing in the west is the financial worldview/partyline of the Chinese press. The traditional places that Chinese like to put money in like real estate, new business and the stock market are kind of meh at the moment. ya, so much for the stock market today lol makes btc look attractive. meh is right |
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TERA
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December 12, 2015, 12:08:15 AM |
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Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.
How did that work out for you? The trading worked out very well. I just hate being glued to the charts. It completely consumes me. Even though I made these huge gain on 100% on my coins, someone's I still just wish I'd rather have that year of my life back. That's why I don't understand someone only using 2%. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 12, 2015, 12:12:40 AM |
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I don't get what drives the price.
I don't get why we're below $4K. People are stupid, I guess. |
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