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freethink2013
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November 10, 2013, 01:36:05 AM |
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i'd almost like to see a crash to under 300 just to see the huge demand for coins at that price.
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tarmi
Legendary
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Activity: 1218
Merit: 1010
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November 10, 2013, 01:38:47 AM |
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i'd almost like to see a crash to under 300 just to see the huge demand for coins at that price.
no, thats not demand, thats calling the bottom. |
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elux
Legendary
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Activity: 1458
Merit: 1006
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November 10, 2013, 01:39:25 AM |
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barbs
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November 10, 2013, 01:41:00 AM |
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wow stamp dropped 90$ in one day... unreal
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freethink2013
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November 10, 2013, 01:41:44 AM |
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i'd almost like to see a crash to under 300 just to see the huge demand for coins at that price.
no, thats not demand, thats calling the bottom. are you saying the bottom of a market is unrelated to demand? seriously? the bottom is defined by demand (i'm always talking gox figures on this thread unless stated otherwise) |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 10, 2013, 01:43:33 AM |
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wow stamp dropped 90$ in one day... unreal
And thee was absolutely no news today...  Gotta love the panic sheep-le One minute they're holding tight at $380. 20 minutes later they're hot to dump their load for $310. LOL! |
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bnjmnkent
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November 10, 2013, 01:43:43 AM |
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That was a totally normal retrace....L4 = 61.8%....actually it is very healthy, good to see some people taking profit.
As you predicted correctly many pages back  |
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CMMPro
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November 10, 2013, 01:44:40 AM |
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i'd almost like to see a crash to under 300 just to see the huge demand for coins at that price.
It went down to 266 for a few seconds before it was bought back up....that's how much demand there was. Lots of people waiting for those brief red candle special sales. |
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dwdoc
Legendary
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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November 10, 2013, 01:44:56 AM |
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looks like its going sideways for awhile
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CMMPro
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November 10, 2013, 01:46:40 AM |
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That was a totally normal retrace....L4 = 61.8%....actually it is very healthy, good to see some people taking profit.
As you predicted correctly many pages back I know a lot of people don't go in for the fibonacci numbers but they generally work. I hope some people grabbed some deals based on the pricing I threw out the other day....based on the increased top you would have had to move those buys up (significantly) but the percentages work. \ |
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barbs
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November 10, 2013, 01:47:04 AM |
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wow stamp dropped 90$ in one day... unreal
And thee was absolutely no news today... Gotta love the panic sheep-le One minute they're holding tight at $380. 20 minutes later they're hot to dump their load for $310. LOL! Im just pissed off my BTC hasn't shown up on gox ... i could only trade with a small stash You've gotta keep your shit together in these moments if you feel yourself panic and reaching for market order get up and pour water on your head |
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freethink2013
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November 10, 2013, 01:47:52 AM |
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actually it is very healthy
That's the feeling I get. We get crazy gains but then they get pegged back to reality. Back in april it was unfettered, now it seems 'fettered' or at least every time it seems like a bubble the market thinks "oh hai we're in a bubble, let's sell" |
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CMMPro
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November 10, 2013, 01:50:37 AM |
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actually it is very healthy
That's the feeling I get. We get crazy gains but then they get pegged back to reality. Back in april it was unfettered, now it seems 'fettered' or at least every time it seems like a bubble the market thinks "oh hai we're in a bubble, let's sell" Good to hear someone else is thinking along these lines too. |
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bitwhizz
Legendary
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Activity: 910
Merit: 1000
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November 10, 2013, 01:52:05 AM |
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actually it is very healthy
That's the feeling I get. We get crazy gains but then they get pegged back to reality. Back in april it was unfettered, now it seems 'fettered' or at least every time it seems like a bubble the market thinks "oh hai we're in a bubble, let's sell" hmmmm, the problem isn't the price, its the speed at which the price is achieved, which naturally does make one assume that we're in a bubble, otherwise we would just shoot to 1 million dollar bitcoin automaticall, this process needs to happen in order to suit adoption rate etc |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 10, 2013, 01:52:21 AM |
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actually it is very healthy
That's the feeling I get. We get crazy gains but then they get pegged back to reality. Back in april it was unfettered, now it seems 'fettered' or at least every time it seems like a bubble the market thinks "oh hai we're in a bubble, let's sell" I agree. We hate these things in the short run, but it's great for the long run (if we could just have a little more patience). |
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pera
Sr. Member
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Activity: 532
Merit: 261
バカ
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November 10, 2013, 01:55:51 AM |
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Maybe I'm crazy but I'm expecting something like this:  |
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Nemesis
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November 10, 2013, 01:56:47 AM |
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word of advice to everyone....
The Chinese officials are alot wealthier than you might think...
Its going back up again.
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FTWbitcoinFTW
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November 10, 2013, 01:59:36 AM |
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Maybe I'm crazy but I'm expecting something like this: how many short position you got ?  |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 10, 2013, 02:01:23 AM |
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pera
Sr. Member
Offline
Activity: 532
Merit: 261
バカ
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November 10, 2013, 02:01:29 AM |
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word of advice to everyone....
The Chinese officials are alot wealthier than you might think...
Its going back up again.
It's not about being "wealthier", it's about not being irrational: if the price is extremely volatile, we already reached the peak, and there is a down trend, why would you risk the chance to sell everything now and buy again on the bottom? I'm expecting more >2000btc drops, are you not? |
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