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Crazy
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December 01, 2013, 08:29:29 PM |
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Someone just dropped a shit ton of $ on BTC china trying to hold this thing together. It's going to hurt when it doesn't work.
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revans
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December 01, 2013, 08:30:14 PM |
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Gox plunge protection team working hard to support the price. Nicely timed site takedown too
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bitleif
Sr. Member
 Offline
Activity: 351
Merit: 250
I'm always grumpy in the morning.
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December 01, 2013, 08:31:05 PM |
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Meh... Who was clever enough to sell @1200? Would have been great to buy the double of BTC back at 600  Sold some at around 1150, in several stages as it started looking more and more toppish. |
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beetcoin
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December 01, 2013, 08:31:10 PM |
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$800 to $870 in minutes, looks like we may be headed for a rebound.
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hd060053
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December 01, 2013, 08:31:16 PM |
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so who sold at 840?
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revans
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December 01, 2013, 08:32:20 PM |
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Gox is just pure manipulation at the moment
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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December 01, 2013, 08:32:48 PM |
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Meh... Who was clever enough to sell @1200? Would be great to buy the double of BTC back at 600 A small percentage of people correctly call the top and bottom. It looks easy with hindsight. Too risky for me. Yeah, I think the same. Will keep them Coins, no matter what happens. |
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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December 01, 2013, 08:34:07 PM |
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Gox is just pure manipulation at the moment
Hahah yeah but it works, back at 1000 in 3... 2... 1... |
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Idaho
Newbie
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Activity: 34
Merit: 0
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December 01, 2013, 08:34:41 PM |
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Hindsight makes it all look like a simple story that even a child could predict. And yet ahead of us there is only the black unknown.
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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December 01, 2013, 08:35:18 PM |
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Meh... Who was clever enough to sell @1200? Would be great to buy the double of BTC back at 600 A small percentage of people correctly call the top and bottom. It looks easy with hindsight. Too risky for me. Same here. It looks so tempting when you look back, but very tough to actually do it. |
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revans
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December 01, 2013, 08:35:42 PM |
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Gox is just pure manipulation at the moment
Hahah yeah but it works, back at 1000 in 3... 2... 1... Not so sure, seems to be a mighty struggle underway between true price discovery and Gox price manipulation |
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Crazy
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December 01, 2013, 08:37:43 PM |
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I'd love to meet the bull that just attempted to stop China's free fall. That was a valiant effort indeed.
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UnDerDoG81
Legendary
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Activity: 2179
Merit: 1201
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December 01, 2013, 08:39:32 PM |
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Stamp bottom was 795$, panic sales everywhere...
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 02, 2013, 12:17:01 AM |
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since bitcoin traded below 900$ today, its time for a new poll
after some consideration... i came up with "Are you still bullish, even at >1000$?"
vote!
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 02, 2013, 12:22:01 AM |
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I guess I am the first one back online!
I think this market is trying to find it's new bottom.
But those of you that have been reading this forum know I have been pretty bullish. I am now not so bullish short term. That doesn't mean that we won't fly back up in the next 24-36 hours. We VERY well may do just that.
However, this market looks a little weak to me right now. The cliff that feel of the China top was the most bearish of this rally in my opinion. I would expect some follow through, and I think 5000 on China is very possible.
Gox, of all creatures, still seems to be the most bullish (has for days) and seems to be part of the reason this drop off has slowed down.
One thing NOT bearish about this retraction is that it started on a Sat and escalated on Sunday. I expect new money to come in next week.
Where will that take? WHO THE HELL KNOWS.
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beetcoin
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December 02, 2013, 12:27:00 AM |
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it's been like this for a month.. the new crashes have been significantly different from the past ones; they weren't nearly as large in scale. can we say we are in a new era now? i mean, crashing from 1150 (bitstamp) to about $800 is a big deal, but going from $32 to $2, and $265 to $70 is much more significant, at least ratio wise.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 02, 2013, 12:35:13 AM |
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it's been like this for a month.. the new crashes have been significantly different from the past ones; they weren't nearly as large in scale. can we say we are in a new era now? i mean, crashing from 1150 (bitstamp) to about $800 is a big deal, but going from $32 to $2, and $265 to $70 is much more significant, at least ratio wise.
the rise to 1K is definitely justified, a lot has changed, US regulations is no longer a concern for one. but this market is bat shit crazy sometimes... All i know is, I'll be a buyer when i see some really strong movements down, i'm looking for a bubble pop, b4 i buy again. now does that mean ill buy at 500 or 1500 idk, and i don't really care.  |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 02, 2013, 12:39:15 AM |
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it's been like this for a month.. the new crashes have been significantly different from the past ones; they weren't nearly as large in scale. can we say we are in a new era now? i mean, crashing from 1150 (bitstamp) to about $800 is a big deal, but going from $32 to $2, and $265 to $70 is much more significant, at least ratio wise.
the rise to 1K is definitely justified, a lot has changed, US regulations is no longer a concern for one. but this market is bat shit crazy sometimes... All i know is, I'll be a buyer when i see some really strong movements down, i'm looking for a bubble pop, b4 i buy again. now does that mean ill buy at 500 or 1500 idk, and i don't really care. That's just the thing. This market does not look like it is going to "pop." That's what we all expected. But this weekend might have been a turning point in this market for a while (ever?). What we saw today was an escalating correction. That's not a "pop." So, from here it could go back up. But how long and how far before it "pops." Where would the momentum come from for it to reach those necessary heights? The other scenario is that his correction continues for a while. And that's not a "pop" either. Thats just a mature correction that allows for real consolidation and confidence building. And that could take weeks. So you might be able to buy back in the 500s in scenario #2. But there might never be a "pop". |
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mb300sd
Legendary
Offline
Activity: 1260
Merit: 1000
Drunk Posts
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December 02, 2013, 12:49:05 AM |
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Buy high, sell low, repeat until broke.
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beetcoin
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December 02, 2013, 12:50:35 AM
Last edit: December 02, 2013, 01:19:58 AM by beetcoin |
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i'd be much more willing to play arbitrage if i weren't so concerned with tax issues. maybe that's a good thing though, i might be one of those fools who buy in at $1,100 and sell at $850  well, it looks like we are well on our way back to our starting point.. $1,020 now at bitsamp. |
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Poll
