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Frozenlock
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May 09, 2013, 10:41:30 PM |
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That total lack of volume.  |
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DougTanner
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May 09, 2013, 10:48:27 PM |
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That total lack of volume.  |
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fitty
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May 09, 2013, 10:52:37 PM |
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Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested? No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on.  |
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Rampion
Legendary
 Offline
Activity: 1148
Merit: 1018
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May 09, 2013, 10:58:37 PM |
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I feel bullish.
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Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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May 09, 2013, 11:06:12 PM |
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Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested? No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high  |
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Frozenlock
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May 09, 2013, 11:06:42 PM |
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I feel bullish.
I do too, don't know why. Ah yes, I know... because we've got the best newswise month evaaaaar! Thankfully I'm not trading with my emotions. |
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michaelGedi
Sr. Member
Offline
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 09, 2013, 11:07:54 PM |
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Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested? No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high I dunno what you are talking about, I personally prefer to buy high sell low - it keeps everyone else happy |
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elux
Legendary
Offline
Activity: 1458
Merit: 1006
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May 09, 2013, 11:08:56 PM |
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Frozenlock
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May 09, 2013, 11:12:15 PM |
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What's with Bloomberg and bringing skeptical analysts?! We want full fledged pro-Bitcoin folks!  |
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Dalib
Full Member
Offline
Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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May 09, 2013, 11:16:01 PM |
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Talk about no selling pressure. 2k BTC down to $110, and none of that 18k BTC between $113-$120 is interested? No one is in a rush to buy, no one is in a rush to sell. We've found a price everyone can disagree on. everyone wants to buy cheap and sell high, but 110 is not enough cheap buy and 113 isn't sell high I dunno what you are talking about, I personally prefer to buy high sell low - it keeps everyone else happy I do it sometimes too, but it on the account is missing then:( |
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Zaih
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May 09, 2013, 11:17:11 PM |
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This stability is scaring me...  Quiet before the storm. Something bigs gonna happen. |
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Richy_T
Legendary
Offline
Activity: 2436
Merit: 2119
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 09, 2013, 11:19:05 PM |
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But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year
People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago. Are they really worth $113 or more right now ? Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days. Right now, they're worth whatever they are changing hands for. That's about all you can say. |
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 09, 2013, 11:22:04 PM |
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This stability is scaring me... Quiet before the storm. Something bigs gonna happen. +1 I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe. Edit: I wouldn't really call this stability though. It's more like a ghost-town. |
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fitty
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May 09, 2013, 11:24:18 PM |
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This stability is scaring me... Quiet before the storm. Something bigs gonna happen. +1 I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe. You must be great at parties.  |
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Frozenlock
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May 09, 2013, 11:24:29 PM |
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This stability is scaring me... Quiet before the storm. Something bigs gonna happen. +1 I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe. Or monetization? |
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fitty
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May 09, 2013, 11:28:26 PM |
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Bitcoin confrences are the most anti-climatic non-news events of the year. Ohhh Gavin tell us why you like Bitcoin. Gavin why do you hate colored coins? 54 satoshi's? Really? Bitcoin hype coming from the Bitcoin confrence isn't going to move the needle. Gyft news, top VC is backing his first company in two years and it's Coinbase, and everyone goes "zzzzzzzzzzzzzzzz". Won't be any news topping those two stories. |
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Frozenlock
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May 09, 2013, 11:29:37 PM |
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Won't be any news topping those two stories.
Inb4 Gavin saying "I was wrong, Bitcoin is doomed to fail!" |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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May 09, 2013, 11:30:22 PM |
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But I was too pessimistic. I still think we can go quite lower short term, but I'm now pretty much convinced that $50 was the real bottom. In my book, thats quite bullish - heck, we where at $14 at the beginning of this year
People seem to be forgetting that you could buy thousands of Bitcoin for $15 each only four months ago. Are they really worth $113 or more right now ? Nobody seems to think so or they would not be sitting on the orderbook remaining unsold for days. The market is different from 4 months ago. Consider 11 million bitcoins. 1 million probably lost, and 75% sitting in wallets rarely moving. This leaves 2.5 million active in the market, the "free float" Winklevii have absorbed 110k for a long-term investment. Many others have done the same. Assume that 1000 people have recently taken 1000 coins each for long-term holdings as the news frenzy went on. That means the 2.5m free float has been halved. Market dynamics are complex and this could easily mean a stable 8x increase in value. This will constantly change. When BTC passes $1000 many stale coins from the 75% will wake-up and hit the market. Expect price swings like $1,700 to $700 in a few days. All the newspuppies who called Bitcoin a bubble ponzi will also wake-up and claim they were right. It continues... |
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Rockford
Member
Offline
Activity: 87
Merit: 10
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May 09, 2013, 11:32:05 PM |
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Bitcoin confrences are the most anti-climatic non-news events of the year. Ohhh Gavin tell us why you like Bitcoin. Gavin why do you hate colored coins? 54 satoshi's? Really? Bitcoin hype coming from the Bitcoin confrence isn't going to move the needle. Gyft news, top VC is backing his first company in two years and it's Coinbase, and everyone goes "zzzzzzzzzzzzzzzz". Won't be any news topping those two stories. +1 |
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UltimateReaper
Newbie
Offline
Activity: 56
Merit: 0
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May 09, 2013, 11:37:35 PM |
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This stability is scaring me... Quiet before the storm. Something bigs gonna happen. +1 I'm guessing a continued downtrend, or irrational rally leading to an even bigger crash. Maybe. You must be great at parties. https://i.imgur.com/p9XJw.gifI'm simply trying to remain as rational as possible. I'm no bear, nor bull, I am a dragon; albeit a baby dragon. Short term, I believe there will be a downtrend. Long term, I definitely believe in an uptrend. Mid term, now... that's the mystery. Anything could happen, but to me these are the most logical conclusions. |
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