marcus_of_augustus
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Activity: 3920
Merit: 2349
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
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Activity: 2212
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
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Activity: 1260
Merit: 1116
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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
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Activity: 4200
Merit: 12841
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
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Activity: 2660
Merit: 2364
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
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Activity: 2212
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
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Activity: 2212
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
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Activity: 1554
Merit: 1014
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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Karartma1
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Activity: 2310
Merit: 1425
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December 12, 2015, 12:13:01 AM |
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I just hate being glued to the charts. It completely consumes me. Absolutely right, looking at the charts is making me sick  I think this is the price to see History unfolding in front of us so that one day we can say "I was there" (and I got some nice profit) thanks to the greatest invention after the wheel. |
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JayJuanGee
Legendary
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Activity: 4200
Merit: 12841
Self-Custody is a right. Say no to "non-custodial"
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December 12, 2015, 12:15:07 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.... It is not a practical suggestion to sell your BTC at $1,000. I can see, possibly, selling at $750 or maybe at $3000 - and even selling at $750 is risky - depending on how fast we get there, if we do get there. Once prices continue in the upward trajectory - like they are and start to get close to $1,000, it is very likely that market dynamics are going to cause a lot of potential and momentum and sentiment for shooting passed the previous ATh... - at least into the upper $1,000s, but more likely into the $3k to $5k arena. In that regard, it doesn't seem too prudent to take profits too soon, unless you are just selling much less than half of your total BTC stash |
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TERA
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December 12, 2015, 12:16:32 AM |
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I don't see what's so special about today. An 8% up day within a wave of a consolidation period doesn't "male history".
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chesthing
Legendary
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Activity: 1414
Merit: 1000
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December 12, 2015, 12:24:30 AM |
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I don't see what's so special about today. An 8% up day within a wave of a consolidation period doesn't "male history".
This is a big fucking deal. 2 years of nothing but blah, and here we are proving the run to $500 wasn't just a pump/dump. |
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Fatman3001
Legendary
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Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
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December 12, 2015, 12:29:36 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. Because every time we have $10 -$20 rise, lot of folks think its a good time to take profit before we are back at double digits and while at it maybe its wise to open a short also to put cherry on the cake. JUST IN CASE! Thats why Sure, but day trading isn't the only way to invest in an asset. I maintain my "People are stupid" stance. |
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