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bartolo
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April 13, 2017, 03:27:46 PM |
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Maybe since bitcoin price is being stable last days some day traders are moving their funds to make some short term profit with altcoins and then re-buy bitcoin again.
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york780
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April 13, 2017, 03:35:59 PM |
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JimboToronto
Legendary
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Activity: 4690
Merit: 6169
You're never too old to think young.
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April 13, 2017, 04:20:58 PM |
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Good morning Bitcoinland. I see a wee dip... currently $1181 (Bitcoinaverage). No big deal. Why nobody asks for an explanation while the price is going up?  Because normally the price keeps rising. It's designed that way. If it falls, it's usually for a reason such as news, FUD, panic, etc. That makes it unusual and hence newsworthy. |
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Biodom
Legendary
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Activity: 4480
Merit: 6170
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April 13, 2017, 04:40:25 PM |
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I read that this morning. And they reported this guy doesn't even believe in bitcoin for long term... Live from the sofa. A day in a bitcoin trader world Good for a movie Feels similar to daytraders in 1997-2000. Maybe before the start of a REAL bubble (like 1997-1998). I wonder who here at btctalk is: Brandon Gibson (Macbook air) probably a very connected whale Huai Yang (looks at the large screen while chatting on btc talk on Macbook air?) clears $100K a mo, allegedly Sun Zeyu (no macbook air) "Sun believes that in 10 years’ time, the value of the cryptocurrency will be “one bitcoin, one house in Beijing” A Sign of a successfull btc trader=Macbook air...  . |
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Denker
Legendary
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Activity: 1442
Merit: 1016
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April 13, 2017, 04:43:46 PM |
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Maybe since bitcoin price is being stable last days some day traders are moving their funds to make some short term profit with altcoins and then re-buy bitcoin again.
Could be an explanation yes. Bitcoin is moving sideways with some more or less dynamiec up and down swings. Nothing to be worried about. Ver is fuding again. Could be an explanation as well. |
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Biodom
Legendary
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Activity: 4480
Merit: 6170
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April 13, 2017, 04:46:14 PM |
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Oke i want to understand whats happening with the price can someone explain ?
Why nobody asks for an explanation while the price is going up? because bitcoin is setup in a way that it's price HAS to go up (deflationary) since miners get less and less reward in number of btc in time (as long as difficulty increases every 12-14 days and it almost always does). Miners will not do validation if their costs exceeds reward, hence price has to go up. It is not guranteed, but so far it has behaved as expected (over long time frames). |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 13, 2017, 06:11:16 PM |
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Halfwits holding down the price  |
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abercrombie
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Activity: 1159
Merit: 1001
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April 13, 2017, 06:11:58 PM |
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so, what is the current FUD that brought BTC down from over $1200?
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BDO_44
Newbie
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Activity: 35
Merit: 0
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April 13, 2017, 06:26:13 PM |
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let's go to 1050, it's healthy for bitcoin  |
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Coinnosaurus
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April 13, 2017, 06:36:08 PM |
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let's go to 1050, it's healthy for bitcoin Agree , after a "healthy" rise comes a healthy dump |
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Chevas Regal
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April 13, 2017, 06:47:07 PM |
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Next support check at 1149$, hope it doesn't break it and bounce back to keep the bullish engulfing trend. I have a strong feeling that within 24 hours we will experience a new support check which could be more deep than this one 
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orpington
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April 13, 2017, 07:43:18 PM |
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Silly, futile dump is over.
Back to the moon.
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Meuh6879
Legendary
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Activity: 1512
Merit: 1013
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April 13, 2017, 07:58:37 PM |
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  it's not enough ... and we have a loooooooooooooooooooong week-end. it will fall.  |
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york780
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April 13, 2017, 08:13:32 PM |
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it's not enough ... and we have a loooooooooooooooooooong week-end.
it will fall.
Good catch. Looks like bullish pressure is fading away a lot faster than I have tought. Bears are gathering their ammo like I said yesterday. Whats your target? $1030? |
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Ted E. Bare
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April 13, 2017, 08:59:55 PM |
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Cheap coins over the weekend?
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york780
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April 13, 2017, 09:05:21 PM |
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Cheap coins over the weekend?
Possible. Wait I will spread some FUD FORK FORK FORK!! Done. Enjoy. |
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silverfuture
Legendary
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Activity: 947
Merit: 1008
central banking = outdated protocol
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April 13, 2017, 09:08:12 PM |
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Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.
Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct. JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be. Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position. |
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JayJuanGee
Legendary
 Online
Activity: 4438
Merit: 14367
Self-Custody is a right. Say no to "non-custodial"
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April 13, 2017, 09:08:18 PM |
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Silly, futile dump is over.
Back to the moon.
I am thinking that dumping is not over, yet.. but what do I know? We do kind of have a double bottom but very close together with the dip to $1,141 - but that does not seem to be enough. There's gotta be at least one more attempt at a further dump, no? Currently, I am thinking that the absolute bottom would be in the lower $1,000s, but of course, it could spike into the triple digits.. I don't take those kinds of chances, and I continue to buy as the price goes down... I don't make as much money, but I almost always have a few small buys in at the very bottom. In any event, I expect that the more likely bottom for this particular run would be in the upper $1,000s - yet again, what do I know? I'm just guestimating. |
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Torque
Legendary
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Activity: 3822
Merit: 5504
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April 13, 2017, 09:11:29 PM |
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JayJuanGee
Legendary
Online
Activity: 4438
Merit: 14367
Self-Custody is a right. Say no to "non-custodial"
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April 13, 2017, 09:12:39 PM |
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Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.
Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct. JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be. Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position. You can be confident all that you like, and you can end up being correct in your prediction, but based on your explanation above, it still sounds to me that you are engaging in reckless and unnecessary gambling. Have you bought back yet, some or all? If not, what is your price point(s) to buy back? Why take chances and play around with 100% of your holdings when there are a lot of safer and less reckless approaches? |
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