ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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April 15, 2014, 10:00:20 AM |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Rampion
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Activity: 1148
Merit: 1018
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April 15, 2014, 10:00:33 AM |
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Now, show me a post by a hero member saying he is shorting. Find someone? No one. The ones who did in the past ( Moonshadow and his shorting during 2011 comes to mind) admitted they faced such losses they will never short BTC again. |
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Dr. LY
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Activity: 90
Merit: 10
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April 15, 2014, 10:00:55 AM |
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I dont really get how its possible to sell @399 and only start thinking about buying back today? You had a decent timing window not only to buy back at 0 loss, but even to make some bonus coins.
All my coins were through coinbase. I was going to sign up for an exchange in Jan., but several people told me the exchanges were shady as hell (and what a forecast that turned out to be). Since it was through coinbase, I sold on Thursday night, and my cash hasn't hit my bank acct yet. |
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JayJuanGee
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Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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April 15, 2014, 10:01:26 AM |
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In my thinking, $100K would be more reasonable to project.. I understand that $1million is possible.. but to me that projection seems to be a bit too much.. given current considerations |
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ShroomsKit
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April 15, 2014, 10:01:49 AM |
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I dont really get how its possible to sell @399 and only start thinking about buying back today? You had a decent timing window not only to buy back at 0 loss, but even to make some bonus coins.
Although i don't buy anymore even i couldn't resist buying a few coins at 400. It's so funny to see people buying in just now. |
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ShroomsKit_Disgrace
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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April 15, 2014, 10:01:53 AM |
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In this thread we can find good people with valuable tips and advices for noobs (and everybody) like Rampion, and at the same time we find complete assholes, borderlines like Shroomskit.
Isn't this beautiful?
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dreamspark
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April 15, 2014, 10:02:58 AM |
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Huobi over $500, rally re engaging!
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Hunyadi
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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April 15, 2014, 10:05:09 AM |
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Huobi over $500, rally re engaging!
...but, but, but my TA   |
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Zule
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Activity: 84
Merit: 10
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April 15, 2014, 10:05:23 AM |
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In this thread we can find good people with valuable tips and advices for noobs (and everybody) like Rampion, and at the same time we find complete assholes, borderlines like Shroomskit.
Isn't this beautiful?
Its more like when a fly gets in your soup. |
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mooncake
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April 15, 2014, 10:05:50 AM |
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I hearby announce the commencement of the second round rally.
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BTCfan1
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April 15, 2014, 10:08:55 AM |
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shooting up now!
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JimboToronto
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Activity: 4004
Merit: 4482
You're never too old to think young.
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April 15, 2014, 10:09:08 AM |
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OMG. Ive never seen such a one day rally !
LOL Good one. Seriously, it's nice to see Bitcoin back on track. It's beginning to feel like spring of 2011, winter of 2013 or autumn of 2013 again. Time to dust off those log charts and start looking upward. |
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rpietila
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Activity: 1722
Merit: 1036
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April 15, 2014, 10:09:29 AM |
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Tera: OK, you have your models, and I have mine. I just laughed when I accidentally found your bullish predictions from 11.Feb, and my refutation of it, of which the latter became true.
The real problem is the lack of framework, imo. To be held accountable in one's predictions, one would need to have a system in place for forecasts, timing, probabilities, buy/sell signals, and to monitor their accuracy. Just waving hands and writing unsystematized stuff in threads does not count. My adhoc query about the percentage probabilities for the remainder of 2014 was a humble attempt to get this a little more accountable.
But of course I realize that most posters don't want it, because it would reveal their badness and expose all the trolls.
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JayJuanGee
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Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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April 15, 2014, 10:10:13 AM |
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If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?
That is one heck of an assumption and the thinking that lies behind every speculative bubble in history. I'm not going to put a ceiling price on bitcoin, but I won't make assumptions like that either! yeah lol.... cant trust fools to buy when it's cheap..... and you cant trust them to stop buying when it's expensive! mania knows no ceilings. The strangest/funniest thing is the change in sentiment from just 2 days ago. It's like a bipolar switch. Bam... and it's a bull market. Yeah.. changes in prices, and also some of my additional buying of BTC has taken me from 45% in the red to 17% in the red (on paper) in a mere 5 days.... It is almost in my vision to be in the black again.. Maybe even HODLin will accomplish getting in the black. I could attempt some trades, but that would probably make matters worse.. HODL... seems the best approach for the moment. |
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dreamspark
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April 15, 2014, 10:10:15 AM |
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I want to take this chance to show a perfect demonstration of why you must be carful with lagging indicators.
TERA posted a chart a few days ago quite rightly showing that the 1w ema had crossed. If you sold at that point it was just above $400.
Now look at the 1 week ema and see how lagging indicators can really burn you and you should never use just a lagging indicator to make your moves.
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Cassius
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Activity: 1764
Merit: 1031
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April 15, 2014, 10:11:06 AM |
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If I am not mistaken, this run will take Bitcoin all the way to 6500-7000 USD (based on how it rose last bull run from 60 to around 1200).
There might be some flashcrashes on the way but the major correction will come when the price is at the range of 6500-7000 USD.
I have been buying coins and even today I made a fiat transfer to Bitstamp so fresh cash is on the way. I still have significiant cash reserves to push the coin higher if it is necessary. Right now I do not recommend to short. The odds are that the price will go pretty high. Who am I to stop BTC running even towards 10 000 USD?
That is one heck of an assumption and the thinking that lies behind every speculative bubble in history. I'm not going to put a ceiling price on bitcoin, but I won't make assumptions like that either! yeah lol.... cant trust fools to buy when it's cheap..... and you cant trust them to stop buying when it's expensive! mania knows no ceilings. The strangest/funniest thing is the change in sentiment from just 2 days ago. It's like a bipolar switch. Bam... and it's a bull market. It means most likely it's a bull trap, and people are all exuberant because they've taken their longs already. I meant "Bam... and suddenly [people are assuming] it's a bull market." I won't call it either way myself but wouldn't be surprised if there was a big pullback. |
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rpietila
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Activity: 1722
Merit: 1036
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April 15, 2014, 10:11:12 AM |
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Now, show me a post by a hero member saying he is shorting. Find someone? No one. The ones who did in the past ( Moonshadow and his shorting during 2011 comes to mind) admitted they faced such losses they will never short BTC again. +2 LMAO |
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roslinpl
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Activity: 2212
Merit: 1199
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April 15, 2014, 10:12:49 AM |
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OMG. Ive never seen such a one day rally !
LOL Good one. Seriously, it's nice to see Bitcoin back on track. It's beginning to feel like spring of 2011, winter of 2013 or autumn of 2013 again. Time to dust off those log charts and start looking upward. I do agree. Back on track indeed and I would say we will see new top in a week if this rise will not stop. |
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