Richy_T
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December 08, 2013, 04:47:04 AM |
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So what could be the fundamental reason for this crash? China? The news were positive in my view. Mr. Greenspan's bubbly comments? Does the man really have that much influence any more?
We know that there is a fundamental exponential rise for bitcoin, but we do not know the parameters of the exponential function: its starting point and it's daily percentage of increase. In addition to that underlaying function is of course the speculators.
Maybe the speculators (us) just got it wrong this time?
Price held steady after a rapid rise = those looking for an exit took it. Then panic. |
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Richy_T
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December 08, 2013, 04:48:12 AM |
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Hemisferio Sauvignon Blanc 2012. Makes my words roll off my keyboard like stardust.
Polished off 1/2 bottle of Moscatto I had left over then broke into a Zinfandel. |
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Richy_T
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December 08, 2013, 04:50:12 AM |
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I have a feeling we are in store for another week or two (or month) of bad news. Its just a hunch. If news were a stock, it is still way over bought on the "good news" side. These things tend to happen in cycles.
Also, does it really feel like capitulation to anyone? I mean, yeah we could make a run for $1000 again, but who is buying above that right now?
We need some sentiment shift. We NEED as many bears as we can get. I say this with 60% of my bitcoins in storage that I will not touch for a long time. So, yeah, our net worth goes down. But let's ring out this towel. How about we go to $400. Why don't we have a decent % of traders jump ship.
Let the news cycle pan bitcoin. Let bankers and banks mock it and scoff at it.
We need some pain to even things out. Let it go down, consolidate for AT LEAST a month or so and let doubt set in with many.
Then we can find joy in going up again. Once its no longer expected.
I'm still waiting for my "government of country X screws the pooch" news. I may be deludedly waiting in vain but I am sure it is in the wings. |
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Richy_T
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December 08, 2013, 04:53:54 AM |
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" long slow decline "
markets climb slowly and drop fast.
thats just how it works
their will never be a long slow decline.
You don't remember 2 years ago? oh ya 2 years ago bitcoin was a mature market. 2 years ago was a joke April seems to take a while to find its level. Though we're talking Bitcoin time. |
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Richy_T
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December 08, 2013, 04:56:23 AM |
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the only reason this fiat system is still going strong is because no one knows what's going on or think their nothing they can do about it.
Hmm. So this could be a PR opportunity. |
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ChartBuddy
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December 08, 2013, 05:01:34 AM |
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joesmoe2012
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December 08, 2013, 05:08:16 AM |
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OK bottle of wine #2
the future of bitcoin looks bright indeed!
Think I'll join you. Cheers.  i think i'm gana be sick.  Oh noes!!! Remember chug-a-lug a liter or 4 of water before you sleep!!! I hatez those hangoverz!!! (puke if you have to, it's your thread!) Cheers, buddy!  smoke a joint if you really want to puke, but the water is a must. This thread is just too much sometimes. A mix between crazy rants, people flaming at each other, drinking advice from a bunch of alcoholics, and even the occasional irrelevant bitcoin analysis... All in a days work i guess. |
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Equus
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Why the long face?
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December 08, 2013, 05:23:09 AM |
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This thread can't go fifteen minutes without a post or bitcoin will fail.
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TERA
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December 08, 2013, 05:30:33 AM |
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 I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... |
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JimboToronto
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You're never too old to think young.
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December 08, 2013, 05:30:56 AM |
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This thread can't go fifteen minutes without a post or bitcoin will fail.
Don't sweat it. Once an hour from ChartBuddy is good enough for life support. |
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Equus
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Why the long face?
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December 08, 2013, 05:43:12 AM |
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This thread can't go fifteen minutes without a post or bitcoin will fail.
Don't sweat it. Once an hour from ChartBuddy is good enough for life support. This thread can't go fifteen minutes without a post or I will have to get some work done. |
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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December 08, 2013, 05:57:47 AM |
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I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... What is this chart saying according to you? (If I am not mistaken, you've made some pretty good calls so far) |
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MahaRamana
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December 08, 2013, 06:00:14 AM |
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I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... What is this chart saying according to you? (If I am not mistaken, you've made some pretty good calls so far) it says the trend is down (until it isn't) |
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TERA
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December 08, 2013, 06:15:56 AM |
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I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... What is this chart saying according to you? (If I am not mistaken, you've made some pretty good calls so far) It is a strong downtrend on a 4 hour chart. The two bulltraps look identical. Right now is just like the one before the crash when gox was trading ~$1000. Once we are rejected from the 4 hour moving average, it should begin another high volume capitulation. This should be like the second capitulation drop in april that occured a few days after the crash. Load the boat at 450-550. |
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DaRude
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In order to dump coins one must have coins
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December 08, 2013, 06:22:46 AM |
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I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... What is this chart saying according to you? (If I am not mistaken, you've made some pretty good calls so far) It is a strong downtrend on a 4 hour chart. The two bulltraps look identical. Right now is just like the one before the crash when gox was trading ~$1000. Once we are rejected from the 4 hour moving average, it should begin another high volume capitulation. This should be like the second capitulation drop in april that occured a few days after the crash. Load the boat at 500-550. Or never see it and enjoy those pics of guys running behind the train  |
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Parazyd
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December 08, 2013, 06:25:57 AM |
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Looks like we'll be going down more... Must... wire... fiat... to... Bitstamp  |
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kromer
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December 08, 2013, 06:31:54 AM |
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Looks like we'll be going down more... Must... wire... fiat... to... Bitstamp Already on it. I hope it doesn't recover too much before I can buy! |
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windjc
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December 08, 2013, 06:33:50 AM |
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I'm not sure if I can bring myself to buy big at this moment, but you guys go ahead... What is this chart saying according to you? (If I am not mistaken, you've made some pretty good calls so far) It is a strong downtrend on a 4 hour chart. The two bulltraps look identical. Right now is just like the one before the crash when gox was trading ~$1000. Once we are rejected from the 4 hour moving average, it should begin another high volume capitulation. This should be like the second capitulation drop in april that occured a few days after the crash. Load the boat at 450-550. Why the 4 hour chart? |
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justusranvier
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December 08, 2013, 06:46:33 AM |
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Poll
