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Author Topic: The trollercoaster  (Read 1529 times)
billyjoeallen
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June 16, 2011, 09:53:40 PM
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I can see the trolls coming out, spreading FUD wherever they go and it's not even the weekend yet.  This time, I suspect price is going to shoot up because whoever was setting the floor on $19 may have soaked up most of the liquidity prior to the difficulty level hike.  So, in order to shake out the few remaining weak hands and spooked miners, Said cowboys are letting the price drop a little.  Either way, we're likely to see some price movement one way or the other this fin de semana.

I'll come out and say I don't have respect for many miners as their skill set is often limited to scripts and video cards.  As a group, they appear to be greedy when they should be fearful and fearful when they should be greedy.  This I know: every single bitcoin I own will be worth exactly 100 bitcents come Monday morning.  if those bitcents won't buy as many dollars, then that's just the price of the ticket on the trollercoaster.

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billyjoeallen
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June 16, 2011, 10:43:12 PM
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I can see the trolls coming out, spreading FUD wherever they go and it's not even the weekend yet.  This time, I suspect price is going to shoot up because whoever was setting the floor on $19 may have soaked up most of the liquidity prior to the difficulty level hike.  So, in order to shake out the few remaining weak hands and spooked miners, Said cowboys are letting the price drop a little.  Either way, we're likely to see some price movement one way or the other this fin de semana.

I'll come out and say I don't have respect for many miners as their skill set is often limited to scripts and video cards.  As a group, they appear to be greedy when they should be fearful and fearful when they should be greedy.  This I know: every single bitcoin I own will be worth exactly 100 bitcents come Monday morning.  if those bitcents won't buy as many dollars, then that's just the price of the ticket on the trollercoaster.

Warren Buffett was here.

except Buffet only knows how to profit in a rigged market. Nobody profited more from the bail-outs than the Oracle.  Nobody would have lost more if the correction had taken place as it should have. 

insert coin here:
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June 16, 2011, 10:55:33 PM
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Your just a ball off stress today. Undecided
AtomicTrader
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June 16, 2011, 11:05:55 PM
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Ya, he must be in big time. Seeing the price slowly fall is like slow torture.
billyjoeallen
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June 16, 2011, 11:16:40 PM
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Ya, he must be in big time. Seeing the price slowly fall is like slow torture.

I knew what I was getting into when I went long. Actually, it's less stressful than going all-in at poker. I can get out if I want to. I just don't want to. I can lock in profits or limit losses at any time. No circuit breakers. It's very empowering. I'm letting my bet ride because I believe it's more likely to pay off in the long-run. 

I could take having my position wiped out. It would hurt, but I'd live through it.  It's no worse than what anyone with a 401k, a mortgage or a small business has to deal with.

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June 16, 2011, 11:19:27 PM
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  It's no worse than what anyone with a 401k, a mortgage or a small business has to deal with.

True Dat
billyjoeallen
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June 17, 2011, 12:10:39 AM
 #7

  It's no worse than what anyone with a 401k, a mortgage or a small business has to deal with.

True Dat

I see they're starting to swarm. Who's doing the short-selling and more importantly-where? Bitoption.org doesn't have nearly enough contracts. My theory is they want to sell enough to drive the price down and them buy the bitcoin back on the cheap. These raiders are actually bulls. It has become cheaper to mine the miners than to mine.

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June 18, 2011, 04:51:51 PM
 #8

your prediction seems to be materiallising...

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June 18, 2011, 04:53:39 PM
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This I know: every single bitcoin I own will be worth exactly 100 bitcents come Monday morning.

Everything you think you know... is a lie!

edit: I thought that meant 100 cents. I got confused. Ignore this post.
billyjoeallen
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June 25, 2011, 07:24:42 PM
 #10

Here they come again! I'm hoping to pick up some bargains if they succeed in initiating another stampede.

There's pro-trolling and then there's con-trol.

insert coin here:
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Open an exchange account at CampBX: options, lowest commissions, and best security
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TraderTimm
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June 25, 2011, 07:29:44 PM
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Tradehill Last: 16.50

Yeah, love how everyone loses their minds. You're right, billyjoeallen, just a prime time to snatch up some bargains. How is it that all these people forget the market has 2-dollar swings or more, regularly? Amazing how short some memories are...

fortitudinem multis - catenum regit omnia
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June 25, 2011, 07:30:13 PM
 #12

I can see the trolls coming out, spreading FUD wherever they go and it's not even the weekend yet.  This time, I suspect price is going to shoot up because whoever was setting the floor on $19 may have soaked up most of the liquidity prior to the difficulty level hike.  So, in order to shake out the few remaining weak hands and spooked miners, Said cowboys are letting the price drop a little.  Either way, we're likely to see some price movement one way or the other this fin de semana.

I'll come out and say I don't have respect for many miners as their skill set is often limited to scripts and video cards.  As a group, they appear to be greedy when they should be fearful and fearful when they should be greedy.  This I know: every single bitcoin I own will be worth exactly 100 bitcents come Monday morning.  if those bitcents won't buy as many dollars, then that's just the price of the ticket on the trollercoaster.

Warren Buffett was here.

except Buffet only knows how to profit in a rigged market. Nobody profited more from the bail-outs than the Oracle.  Nobody would have lost more if the correction had taken place as it should have. 

Ain't that the truth.
grndzero
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June 25, 2011, 08:41:57 PM
 #13

Tradehill Last: 16.50

Amazing how short some memories are...


Not really. The smaller the mind, the smaller the memory.

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