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EuroTrash
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April 17, 2014, 09:24:31 AM |
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Why should 470 hold?
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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windjc
Legendary
 Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:26:26 AM |
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Why should 470 hold?
Because TERA says the 3 day MACD will cross over tomorrow and that means we are bullish. WTF do I listen to this forum sometimes?!? |
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dreamspark
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April 17, 2014, 09:28:06 AM |
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Wish I could trust BTC-e to hold a few coins more, they always go deeper into the swings meaning more money to be made.
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:29:13 AM |
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Houbi is working on 4 consecutive red candles on rising volume.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 17, 2014, 09:29:16 AM |
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Why should 470 hold?
Because bulls hopes its only a retracement, and not a big bull trap.. BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins.. |
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rjp55
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April 17, 2014, 09:29:59 AM |
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Has anyone already pointed out the obvious that the 18-04 deadline might be true?
This has been in the back of my mind the whole time ( I didnt and had no plans to act on it). But as soon as I heard the 18th date I though pumping was occuring until major dumping by then. Was hoping this wasn't the case but if so here comes yet another blood bath. Rough year for bitcoin. |
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mooncake
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April 17, 2014, 09:30:12 AM |
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Has anyone already pointed out the obvious that the 18-04 deadline might be true?
Is it at 12 midnight? |
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TERA
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April 17, 2014, 09:30:20 AM |
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At this rate, the 3D MACD might not cross over tomorrow.
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ShroomsKit
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April 17, 2014, 09:30:30 AM |
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Why should 470 hold?
Because the market seems to want to go up. It's just being stopped by Chinese FUD every time. |
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dreamspark
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April 17, 2014, 09:30:58 AM |
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Why should 470 hold?
Because bulls needs faith its only a retracement, and not a big bull trap.. BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins.. How do you know those coins will be sold into the market and not to private buyers? I bet theres a fair few interested parties for off exchange coins if Risto sources his coins offline. Cant see big investors wiring money to Stamp. |
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ShroomsKit
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April 17, 2014, 09:31:41 AM |
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Why should 470 hold?
Because bulls hopes its only a retracement, and not a big bull trap.. BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins.. You still didn't get your cheap coins?? There have been so many chances to get cheap coins. Were you sleeping? |
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magicmexican
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April 17, 2014, 09:31:43 AM |
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Yes, every upward movement is a bulltrap, the only legit move is doing down till its 0
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p0peji
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April 17, 2014, 09:32:11 AM |
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Why should 470 hold?
Because the market seems to want to go up. It's just being stopped by Chinese FUD every time. 1 bank after the other getting closed and you call that FUD?  |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:33:20 AM |
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I think Houbi might channel now for a while before testing 2975 over the weekend.
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dreamspark
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April 17, 2014, 09:33:47 AM |
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Well it is Fear Uncertainty and Doubt ... news causing FUD doesnt have to be fake.
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Post-Cosmic
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April 17, 2014, 09:33:56 AM |
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As far as you've any trading skills and aren't resigned to purely just buy-&-hodl, all you really have to do to be at least moderately successful (which translates to millions $ profit in a span of a few years..from any starting capital point..) is to be patient, balanced, adaptive.
You don't want, as a speculator, a short-, mid-, or even longer-term trader, to be hoping, praying, that price will reach X or Y, other than 'academically'. In other words, don't enter or exit, or stay in negative -$ trades, because of your 'hopes'.
That's because hoping won't control the market. So you'll simply get crushed more often than not, and harder than your wins, statistically. You don't need to hope. You need to make money, regardless of where the price goes. The minute price moves against your trade significantly, you can reasonably exit take the loss & re-enter at better position. Why? Because that's 2 pro's vs 1 con - You're now safer, AND will gain back what you lost the minute you later re-enter & price goes back to where you took loss, and beyond, vs the downside that, yes there's always the risk price turns around right then & there at the point at which you were cutting loss.
It goes like this, say you bought at 513 (like I just did yesterday), & decided to hold on seeing if 510, 505, 500, even 495 will hold, before cutting loss to re-buy in lower (like I just did), you have to ask yourself, "How much can I reasonably project to gain from buying in lower than this..?" If you think it's looking to have comfortable odds of reaching down to 450-480's, that's a good deal then, cut & buy back down there. If on the other hand you waited allllll the way to 475 to ask yourself do I cut & lose by now, well, it's getting to be a bit late, to the point where it might not even go further down after this point, so you might as well just keep it open & hold for the best.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 17, 2014, 09:34:57 AM |
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Why should 470 hold?
Because bulls needs faith its only a retracement, and not a big bull trap.. BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins.. How do you know those coins will be sold into the market and not to private buyers? I bet theres a fair few interested parties for off exchange coins if Risto sources his coins offline. Cant see big investors wiring money to Stamp. I said on the market not exchanges, Auctioned most likely. Coins are free to move on Stamp afterwards. |
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TERA
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April 17, 2014, 09:35:45 AM |
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Well it is Fear Uncertainty and Doubt ... news causing FUD doesnt have to be fake.
Banks closing means loss of liquidity which is an element that has nothing to do with fear, uncertainty, or doubt. |
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Asrael999
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April 17, 2014, 09:35:54 AM |
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Why should 470 hold?
Because the market seems to want to go up. It's just being stopped by Chinese FUD every time. 1 bank after the other getting closed and you call that FUD? I call it immaterial to the long term success of bitcoin - frankly I don't give a rats armpit or a monkey's backside about the Chinese government, nor do I care what the price might do over the next six months. EDIT - and no I'm not just a HODLER but I am involved in companies that are trying to build bitcoin based services. |
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windjc
Legendary
Offline
Activity: 2156
Merit: 1070
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April 17, 2014, 09:36:09 AM |
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Why should 470 hold?
Because bulls needs faith its only a retracement, and not a big bull trap.. BTW 200,000 coins back in the market in 2014, thank you Mt Gox for the coming cheap coins.. How do you know those coins will be sold into the market and not to private buyers? I bet theres a fair few interested parties for off exchange coins if Risto sources his coins offline. Cant see big investors wiring money to Stamp. I said on the market, Auctioned most likely. Coins are free to move on Stamp afterwards. Those 200k coins won't go back to their rightful owners (if at ever at all) until 2015-2016. These things take years to settle. |
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