Richy_T
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Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 25, 2013, 02:58:21 PM |
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Hmm, Gox does appear to be following.
Has anyone attempted to do time-lagged correlation between exchanges?
You mean a normalized comparison? If I have some time to kill this thanksgiving weekend, I could give it a go. |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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Richy_T
Legendary
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 25, 2013, 02:59:31 PM |
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I think the somewhat negative CCTV coverage is having an effect in China.
I missed this. What did they say? They said : "bitcoin went too high too fast, big bubble danger, stay away" That was in my fortune cookie last night. |
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JimboToronto
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Activity: 4004
Merit: 4465
You're never too old to think young.
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November 25, 2013, 03:00:12 PM |
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Bear dump all the way down to $800. lol
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 25, 2013, 03:02:21 PM |
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PrymeTyme
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November 25, 2013, 03:02:43 PM |
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Bear dump all the way down to $800. lol
if this is a shakeout , be prepared for an advance |
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mccorvic
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November 25, 2013, 03:03:47 PM |
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You guys crack me up. A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances.
Bears are so desperate that "Price hasn't gone up 1000% today!" is a bearish signal to them. |
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macsga
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Merit: 1002
Strange, yet attractive.
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November 25, 2013, 03:05:35 PM |
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Off for 2hrs... let me know what happened...  |
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Richy_T
Legendary
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Activity: 2436
Merit: 2116
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 25, 2013, 03:06:08 PM |
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The messaging is that bitcoin is extremely volatile and risky, and they do not advise investors to enter.
What is your fascination with my forbidden closet of mystery?  |
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mvidetto
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November 25, 2013, 03:09:59 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
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BRADLEYPLOOF
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November 25, 2013, 03:11:54 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
So what you're saying is: CHEAP COINS! |
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JimboToronto
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Activity: 4004
Merit: 4465
You're never too old to think young.
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November 25, 2013, 03:13:10 PM |
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You guys crack me up. A possibly bearish signal on a weekend no less and there is already the doom and gloom guys making appearances.
Bears are so desperate that "Price hasn't gone up 1000% today!" is a bearish signal to them. LOL http://www.youtube.com/watch?v=uxFIGWm9M6w |
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Coinseeker
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November 25, 2013, 03:16:18 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I'm not sure it would be slow. Not April style crash but these prices are way high. You have to think of those sitting on new fortunes but a drop to $400, would cut them in half. The temptation to take off that profit is tremendous. They've been holding out for $1000. First ones to do so win...the rest get chopped or they don't care because they are holding for the longest. Gotta love speculation. Pretty much create whatever scenario you want. |
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Salivan
Full Member
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Activity: 195
Merit: 102
DiMS dev team
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November 25, 2013, 03:17:43 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I agree totally. My guts tell my that second scenario will be most likely. I feel so weak and sleepy in such a days but sell of or not I will stick to my coins |
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BitchicksHusband
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November 25, 2013, 03:18:33 PM |
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Daytrading Bitcoins is a dangerous game, and a completely reckless game during a bull market.
Most in here delude themselves by seeing their fiat profits going up, so they don't feel so bad by losing coins.
I'd say that:
a) more than 5 trades per month is reckless, considering the high fees + slippage.
b) the only good moment to trade is a bear market - and there's is no bear market ATM (this could change in the next days/hours, but I wouldn't bet on it).
That depends entirely on what your stance is. If you are in it to make profit in USD (like 99% of this market is doing atm), day trading to get USD gains is perfectly fine. And I say, in a market where there's currently (and practically always) the looming danger that the value of BTC goes through half, securing FIAT profits is not that bad an idea. If you are a utopian true believer in BTC, believing it will go to 1 million USD per coin no matter what, yeah obviously don't sell then. Even as a true believer in bitcoin believing that it will go up to at least 6 figures, I'm still going to sell some long before that. I'm not a fool. |
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600watt
Legendary
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Activity: 2338
Merit: 2106
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November 25, 2013, 03:21:40 PM |
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900 is the new 140
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BitchicksHusband
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November 25, 2013, 03:23:26 PM |
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Too stable nowdays, almost feels like new 130$
We could stand to go sideways for a while. The logarithmic line needs some time to catch this mania. |
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wilfried
Sr. Member
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Activity: 288
Merit: 250
ManualMiner
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November 25, 2013, 03:23:49 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I agree totally. My guts tell my that second scenario will be most likely. I feel so weak and sleepy in such a days but sell of or not I will stick to my coins FACK. where do you think the bottom will be? 700 ? |
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Salivan
Full Member
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Activity: 195
Merit: 102
DiMS dev team
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November 25, 2013, 03:29:10 PM |
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I feel like if bitcoin can't make a strong move to the upside, it will slowly meander down over a few weeks. There's not as much buying pressure and a substantial amount more selling pressure than one week ago which is why the price has equalized for the short term. If this increasing selling trend continues we could see substantially lower prices.
I agree totally. My guts tell my that second scenario will be most likely. I feel so weak and sleepy in such a days but sell of or not I will stick to my coins FACK. where do you think the bottom will be? 700 ? asking me? I don't know. Rally was driven by china. I don't know mood there but I feel that they are on the edge of capitulation at least for the moment |
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