wachtwoord
Legendary
 Offline
Activity: 2324
Merit: 1125
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November 19, 2013, 11:17:45 PM |
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Are you guys looking at different charts than me?
Looks like pretty normal volatility to me, compared to the action we have seen the last couple of days.
Volatility either side of the peak is a standard pattern, I'll be surprised if this time around we don't see the same as the previous bubbles. In fact, given how routine they are, I'm not sure we can call them bubbles as a bubble by definition is a one time cataclysmic event. This I don't think of them as bubbles anymore. Bitcoin = be your own bank and this volatility = herd mentality - everyone withdraw your saving at once. I.e. it's a P2P run on the bank. Shhhh. We don't want the banks to know this.  There was a time ... |
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"You Asked For Change, We Gave You Coins" -- casascius
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malevolent
can into space
Legendary
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Activity: 3472
Merit: 1721
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November 19, 2013, 11:18:59 PM |
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I also don't really get the current "bubble-talk" - imho a real pop would bottom somewhere in the 150-200 range (and even this statement must seem lunatic to non-bitcoiners, since 200 is simply the value we had 2 weeks ago...). Currently it feels like a re-distribution from weak hands not grasping the recent upward movement to stronger hands. My guess is that either the "pop" to 150 will happen soon OR we will see some strong 4digit upward movement followed by the real "pop" which will still bottem in the 4digits - both scenarios followed by some months of calm time (which means linear growth in bitcoin world nevertheless...). The current chinese pressure as well as the positive hearing seem to point towards scenario two, but either way my coins will remain in cold-storage  . I doubt we will ever see $150, I'd say more like $250, which is around where the price started to accelerate at a faster pace. |
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tomjo7
Newbie
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Activity: 47
Merit: 0
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November 19, 2013, 11:35:46 PM |
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It's gone very quiet here...
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BroodAap
Newbie
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Activity: 19
Merit: 0
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November 19, 2013, 11:36:48 PM |
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It's gone very quiet here...
No big changes anymore.. |
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jojo69
Legendary
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Activity: 3164
Merit: 4345
diamond-handed zealot
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November 19, 2013, 11:37:13 PM |
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too quiet
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beaconpcguru
Full Member
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Activity: 189
Merit: 100
Hello
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November 19, 2013, 11:40:55 PM |
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Everyones watching those that are chasing the prices lower, same amount of coins as on the books 8 hours ago but they keep lowering their price. Its funny to see, the bears are winning in driving down the force, it was well timed this morning and again over the past couple hours with a slow and steady selling going on. I personally hope it will go on for weeks! Its a shame but those who chose to gamble, do so intentionally and its usually greed that blinds them. Free market at its finest.
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 19, 2013, 11:42:28 PM |
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Price movement is slowing down with the general shorter term direction: down.....
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 19, 2013, 11:43:18 PM |
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bitcoin will survive, but i'm not sure i will!  my stress level just hit ATH |
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Cablez
Legendary
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Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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November 19, 2013, 11:45:01 PM |
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I am just curious what the newish 20K in coins today are going to do. Just a scare tactic?
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 19, 2013, 11:45:53 PM |
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I am just curious what the newish 20K in coins today are going to do. Just a scare tactic?
we are seeing old longs come and secure profits. this is real! |
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Vycid
Sr. Member
Offline
Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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November 19, 2013, 11:46:21 PM |
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Another sell off developing.
Yup, typical "ringing" pattern after the overshoot blow-off. Same as April.   Yawn. Predictable. |
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jatajuta
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November 19, 2013, 11:47:25 PM |
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Bids are pilling up. If we break 730 we can confirm the end of the correction, 500 usd is a solid support on gox, will need a good shakeout to lose it.
It seems like the downtrend is losing strength.
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rampantparanoia
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November 19, 2013, 11:47:56 PM |
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Bids are pilling up. If we break 730 we can confirm the end of the correction, 500 usd is a solid support on gox, will need a good shakeout to lose it.
It seems like the downtrend is losing strength.
hoping. |
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dasein
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November 19, 2013, 11:48:03 PM |
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freethink2013
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November 19, 2013, 11:48:44 PM |
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650 is great value.
good night
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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November 19, 2013, 11:49:32 PM |
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Retreat!!!
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TakeTheSkyRoad
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November 19, 2013, 11:50:09 PM |
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Has anyone seen that China seems to have slumped down to 4000 ?
Any thoughts ?
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mb300sd
Legendary
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Activity: 1260
Merit: 1000
Drunk Posts
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November 19, 2013, 11:50:49 PM |
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Has anyone seen that China seems to have slumped down to 4000 ?
Any thoughts ?
i see 5227? |
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tomjo7
Newbie
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Activity: 47
Merit: 0
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November 19, 2013, 11:54:39 PM |
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Has anyone seen that China seems to have slumped down to 4000 ?
Any thoughts ?
i see 5227? Same here. |
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YoYa
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November 19, 2013, 11:56:34 PM |
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Interesting......taking the prices across gox, stamp, btc-e and china, Gox is actually the one running the average price of all four.
Mean's nothing, but can't help but notice.
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