samson
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May 12, 2013, 12:50:51 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way. Obviously to take advantage of this you would need to sell some of your BTC and wait.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 01:02:35 PM |
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Jaques
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May 12, 2013, 01:03:01 PM |
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I would get quite excited with 31,xx coins ... but for now 106/107 would just fit my expectations
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sarc
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May 12, 2013, 01:06:47 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way. Obviously to take advantage of this you would need to sell some of your BTC and wait. if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark!
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michaelGedi
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"to be or not to be, that is the bitcoin"
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May 12, 2013, 01:14:42 PM |
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speculation - the return to 113 now is due in large part to the big buyer on Friday deciding to sell a few (less large) increments out again? The "breakout" they were either trying to induce or participating in hasn't materialised so they just want to play wait and see with everyone else?
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samson
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May 12, 2013, 01:18:47 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way. Obviously to take advantage of this you would need to sell some of your BTC and wait. if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark! Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet.
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ChartBuddy
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May 12, 2013, 02:02:32 PM |
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jl2012
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May 12, 2013, 02:16:50 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
Don't forget reward halve
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molecular
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May 12, 2013, 02:17:47 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way. Obviously to take advantage of this you would need to sell some of your BTC and wait. if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark! Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet. just don't be that guy.
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Coinseeker
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May 12, 2013, 02:34:19 PM |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
I wouldn't call it scary, more a buying opportunity coming our way. Obviously to take advantage of this you would need to sell some of your BTC and wait. if the $80+ fall in price it predicts were to materialize, I suspect many folk would be reaching for fresh underwear...so scary probably isn't too wide of the (skid?) mark! Not me, I sold all my BTC at $162 and I'm still waiting for a nice entry point. I haven't found it yet. just don't be that guy. I'm sure they said something similar to people about the Titanic.
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molecular
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May 12, 2013, 02:45:12 PM |
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I'm sure they said something similar to people about the Titanic. haha, good one .
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nimda
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May 12, 2013, 02:56:08 PM |
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Drew no lines
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 03:02:40 PM |
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StarenseN
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May 12, 2013, 03:06:04 PM |
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sarc
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May 12, 2013, 03:09:29 PM Last edit: May 12, 2013, 03:41:26 PM by sarc |
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The Tony Coleby chart is a magnificent thing, but this less pretty one seems to make it clear that -outside of bubble data - there is a very clear underlying growth trend in the market. It would have the price much much lower than it is now. Unless this bubble changed something that the 2011 bubble failed to, then things look very (very) scary for the price still.
Don't forget reward halve True, but for that to have been a significant driver of changes (and so relevant), wouldn't there need to be a correlated reduction in coin availability in the market? There wasn't one was there?
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 12, 2013, 04:02:34 PM |
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SlipperySlope
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May 12, 2013, 04:02:40 PM |
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Low volume may pick up as we have come to expect late Sunday.
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CMMPro
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May 12, 2013, 04:49:38 PM |
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Low volume may pick up as we have come to expect late Sunday. This is my TA as well....falling wedge.
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ChartBuddy
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May 12, 2013, 05:02:39 PM |
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crazy_rabbit
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RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 12, 2013, 05:19:14 PM |
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Wow, this thread is getting pretty boring. Price movements of a couple dollars is about the most anyone hopes for.
Stability. Good times!
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