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Question: Oct. 31 Closing Price:
$0 - 3 (5.6%)
<$7,000 - 6 (11.1%)
$7,000-$7,500 - 2 (3.7%)
$7,500-$8,000 - 4 (7.4%)
$8,000-$8,500 - 10 (18.5%)
$8,500-$9,000 - 9 (16.7%)
$9,000-$9,500 - 4 (7.4%)
$9,500-$10,000 - 4 (7.4%)
$10,000-$10,500 - 4 (7.4%)
>$10,500 - 4 (7.4%)
>$20,000 - 4 (7.4%)
Total Voters: 54

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21408975 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (109 posts by 22 users deleted.)
Spaceman_Spiff
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January 06, 2017, 05:11:04 PM

I am quite sure we are going up now.
Unfortunately I underestimated the magnitude of the downwards correction, so now I am mostly looking to recoup my losses.
I know hindsight is 20/20, but this was really within the range of the predictable, and I should have made out like a bandit  Angry .  Ah well...
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BlindMayorBitcorn
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January 06, 2017, 05:15:47 PM

What a joke. Cheesy
offliberty
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January 06, 2017, 05:30:54 PM

I am quite sure we are going up now.
Unfortunately I underestimated the magnitude of the downwards correction, so now I am mostly looking to recoup my losses.
I know hindsight is 20/20, but this was really within the range of the predictable, and I should have made out like a bandit  Angry .  Ah well...

Cheers mate. Happy recovering. Stuck as well  Embarrassed Shitty day to start the week end.


Which are your favorite crypto-related Twitter accounts to follow ? I'm currently setting up alerts via IFTTT that automatically pushes me news I would miss otherwise.
arklan
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January 06, 2017, 05:38:49 PM

well, that drop hurt, and i'm only watching.
Spaceman_Spiff
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January 06, 2017, 05:40:36 PM

I am quite sure we are going up now.
Unfortunately I underestimated the magnitude of the downwards correction, so now I am mostly looking to recoup my losses.
I know hindsight is 20/20, but this was really within the range of the predictable, and I should have made out like a bandit  Angry .  Ah well...

Cheers mate. Happy recovering. Stuck as well  Embarrassed Shitty day to start the week end.

Which are your favorite crypto-related Twitter accounts to follow ? I'm currently setting up alerts via IFTTT that automatically pushes me news I would miss otherwise.
I don't actively follow any twitter accounts.  Guess I am getting old  Smiley .
JimboToronto
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January 06, 2017, 05:43:13 PM

Good morning Bitcoinland.

Just got back from from buying a little more, just a half a coin today, but half a coin is better than none at all. Missed the bottom yesterday but hopefully caught it today.

Now we're scrapping over support at $900... currently $918USD at Bitcoinaverage. Meanwhile we're hanging tough at $1208 CAD, basically where we were at Xmas.

Hopefully that was the double bottom that will send it back up.
rezurect
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January 06, 2017, 05:54:09 PM

Good morning Bitcoinland.

Just got back from from buying a little more, just a half a coin today, but half a coin is better than none at all. Missed the bottom yesterday but hopefully caught it today.

Now we're scrapping over support at $900... currently $918USD at Bitcoinaverage. Meanwhile we're hanging tough at $1208 CAD, basically where we were at Xmas.

Hopefully that was the double bottom that will send it back up.

Double bottom on which timeframe?
JimboToronto
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January 06, 2017, 05:59:44 PM

Double bottom on which timeframe?

Correction/profit-taking of the last couple of days.
SnokkomBTC
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January 06, 2017, 05:59:58 PM

Good morning Bitcoinland.

Just got back from from buying a little more, just a half a coin today, but half a coin is better than none at all. Missed the bottom yesterday but hopefully caught it today.

Now we're scrapping over support at $900... currently $918USD at Bitcoinaverage. Meanwhile we're hanging tough at $1208 CAD, basically where we were at Xmas.

Hopefully that was the double bottom that will send it back up.

Double bottom on which timeframe?
6H till 30M
ACAB
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January 06, 2017, 06:10:32 PM

Just a normal shakeout after a pump like btc just saw. in a month we'll be heading back up and we'll be even stronger.
DefendKebab
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January 06, 2017, 06:38:44 PM

Just a normal shakeout after a pump like btc just saw. in a month we'll be heading back up and we'll be even stronger.
molecular
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January 06, 2017, 06:39:08 PM

There is no doubt in my mind that the peoples of this world desperately need cryptocurrency. They NEED bitcoin.

Governments all over the world are trying to eliminate cash, they are confiscating gold, stealing wealth from the people. They want all your money in a bank account so it can be tracked or taken from you at any time.

The Central Bankers, in their endless greed profit from this system in many ways, endlessly concentrating the vast majority of the world's wealth in the hands of only a few dozen people. This is creating untold suffering and a system of economic slavery that is destroying the planet itself.

The fucking world needs this fucking technology to succeed, god damn it.

We better get our fucking shit together and make this shit fucking work. The scaling issue MUST be solved, one way or another. Core needs to get on board or they need to get kicked the FUCK out.

This isn't just about personal profit, although we will all certainly be billionaires if we succeed. A convenient side effect.

But what it's really about is breaking the yoke of oppression that has been forced on this world by those who have betrayed humanity itself for their own personal wealth.

That's all I have to say.


this.

right on!
molecular
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January 06, 2017, 06:44:39 PM

There will be one more dump to about 700/650 and then it will go up again.

no, there won't.  Wink

We wait to tomorrow and see who is right Smiley If The price drops to my prediction dont forget to comment Tongue

Where are you my friend?  Cool

He's at 650 - 700, right next to his bids. Still waiting.
practicaldreamer
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January 06, 2017, 06:57:45 PM

What role does shorting play in a market ?

What does it bring to the table ?

Serious question.

Or is it just parasitic ?
JimboToronto
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January 06, 2017, 07:01:32 PM

What role does shorting play in a market ?

What does it bring to the table ?

Serious question.

Or is it just parasitic ?
 

Of course it's parasitic. All margin trading is.

It's showmen (exchanges) preying on the rubes (traders).
Ibian
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January 06, 2017, 07:04:31 PM

What role does shorting play in a market ?

What does it bring to the table ?

Serious question.

Or is it just parasitic ?
 

Of course it's parasitic. All margin trading is.

It's showmen (exchanges) preying on the rubes (traders).
How does it work, for the uninitiated among us?
Spaceman_Spiff
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January 06, 2017, 07:11:40 PM

What role does shorting play in a market ?

What does it bring to the table ?

Serious question.

Or is it just parasitic ?

It can be a force to bring an asset to it's proper value.  Let's say somebody starts StupidCoin, which is valued at 2 billion dollar but brings nothing useful to the table and is full with bugs.  Somehow, StupidCoin buyers still believe the marketcap is worth 2 billion.  The only option people have in a buy-only market is to not take part in that market.  When you can short, you can borrow the asset and sell it, thinking it will go down in price.  If you are correct, you will make a profit.  Thus, shorting could moderate irrational markets and help assets find their fair price sooner.  On the other hands, due to the mechanics of leveraged trading, this allows for all sorts of liquidation shenanigans.
rjclarke2000
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January 06, 2017, 07:20:09 PM

There is only one thing I know....


Hodl on.
HI-TEC99
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January 06, 2017, 07:26:27 PM

There is only one thing I know....


Hodl on.

Hodling on's safer and less risky than short selling. The exchanges are the only ones sure of making a profit from short selling, for everyone else it's a giant gamble.
hulla
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January 06, 2017, 07:27:34 PM

There is no doubt in my mind that the peoples of this world desperately need cryptocurrency. They NEED bitcoin.

Governments all over the world are trying to eliminate cash, they are confiscating gold, stealing wealth from the people. They want all your money in a bank account so it can be tracked or taken from you at any time.

The Central Bankers, in their endless greed profit from this system in many ways, endlessly concentrating the vast majority of the world's wealth in the hands of only a few dozen people. This is creating untold suffering and a system of economic slavery that is destroying the planet itself.

The fucking world needs this fucking technology to succeed, god damn it.

We better get our fucking shit together and make this shit fucking work. The scaling issue MUST be solved, one way or another. Core needs to get on board or they need to get kicked the FUCK out.

This isn't just about personal profit, although we will all certainly be billionaires if we succeed. A convenient side effect.

But what it's really about is breaking the yoke of oppression that has been forced on this world by those who have betrayed humanity itself for their own personal wealth.

That's all I have to say.





this.
Yes that's so true cos they are doing this for their selfish reason because the see that the world at latge start believing in bitcoin as the future so they want to kill that future now the price as fall to $891. People we must fight!
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