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Author Topic: ...and BÄM! we have hit the 17 USD mark again  (Read 1848 times)
Sukrim
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June 17, 2011, 12:04:57 AM
 #1

Interestingly this time it's exactly the other way round: difficulty increases (by quite a bit I have to say!) but price breaks down with panic sales as I post down to 16.60!

What's your prediction?

Will people now invest in Namecoins?
Will the price rebound? (16-17 per BTC is quite attractive to buy imho, gets close to the 10EUR mark!)
Were people preparing (selling @20 in advance to buy cheap now? - It seems like a clear "no" to me...

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SgtSpike
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June 17, 2011, 12:06:24 AM
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I think there's just a lot of fear in the market right now, but give it time, and it will work itself out.  Price will be back up to the $30's and higher.
Sukrim
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June 17, 2011, 12:07:08 AM
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Time to buy then, I guess! Wink

Edit:
And I agree on the "fear"!

the depth of marekt at mtgoxlive looks more like a U than a V currently... Miners want to have 20 USD, buyers want to pay 16, noone really daers to move.

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kiwiasian
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June 17, 2011, 01:17:13 AM
 #4

Lol do you really expect it to go back to $30+ USD?

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KorJax
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June 17, 2011, 01:19:24 AM
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Perfect - just in time for my funds to be transferred to my Dwolla account (it's been 3 days... still not here).
proudhon
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June 17, 2011, 01:37:15 AM
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I think there's just a lot of fear in the market right now, but give it time, and it will work itself out.  Price will be back up to the $30's and higher.

Maybe next year sometime, assuming bitcoin makes it into next year.
stic.man
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June 17, 2011, 04:10:41 AM
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i'm just worried about all the compromised account stories, i think once these problems have been addressed (I'm sure they'll never go away completely) then the market can continue to grow.
FooDSt4mP
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June 17, 2011, 04:20:50 AM
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Too many people jumped on the bandwagon before analyzing the market.  The community has grown rapidly, but it takes a while before newbies figure out how they can acquire bitcoins in the marketplace for goods and services.  Once all the new users start this, we'll be fine.  But if all the new users are speculators who expect it to just keep rising, then we will see more of a correction before we head back up.  It all depends on what the people with all the bitcoins are able to spend them on.  USD is one option if there isn't much else they want.

As we slide down the banister of life, this is just another splinter in our ass.
befuddled
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June 17, 2011, 08:38:04 AM
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I suspect we may be seeing a deluge of selling of recently-stolen bitcoins.
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June 17, 2011, 01:29:13 PM
 #10

I just think it is the continuation of the correction due to the surge in price or that someone has been getting rid of a lot of coins during the course of the week cashing out and the effects of that are slowly filtering through. It will probably take a few weeks for the prices to go over $20 provided there is enough speculation if not for the short term there will be a continuing downward trend possibly to below $10. However those are just assumptions which could all be wrong and for all we know the prices could sky rocket over the weekend to $30  Grin

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Lugard
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June 17, 2011, 03:16:35 PM
 #11

There is an incredible amount of exceptionally low amoutn exchanges each trending downward... I am not a conspiracy theorist, but it seem's someone is trying to move the market downward.  I will hold on to mine Smiley

Fairly newbie bitcoin miner/user.

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Jack of Diamonds
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June 17, 2011, 04:09:06 PM
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I'm hoping it drops to about 10 or 11 bucks again this weekend. Then it's buy time again.

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June 17, 2011, 05:29:55 PM
 #13

Threads and especially THREAD STARTERS like these should be instantly closed.

If we are going to have a thread for every $ mark traded, we're going to have 90% useless BS.
And that will prevent the other 10% useless BS from being visible, and that would suck, as I like a little bit of variety with my BS.

Ho-Hum.
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