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onesalt (OP)
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June 17, 2011, 03:11:36 PM |
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 This is getting fucking ridiculous!! don't sell people you're playing into their hands!! |
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piuk
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June 17, 2011, 03:16:52 PM |
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I feel like posting this again.  Hold that bag as tight as you can. |
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TonyHoyle
Newbie
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Activity: 59
Merit: 0
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June 17, 2011, 03:17:28 PM |
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It's the weekend crash.. which is something of a self fulfilling prophecy at this point.
It'll be back on Monday.
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imperi
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June 17, 2011, 03:18:31 PM |
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I sell my Bitcoins when they get down to $10-$13 because I might lose everything.
I buy Bitcoins when they are at $25, because then they are doing well.
Buy high, sell low.
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hazek
Legendary
Offline
Activity: 1078
Merit: 1002
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June 17, 2011, 03:23:04 PM |
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I hope the price falls all the way back to $5 maybe even less.
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My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)
If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
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Edward50
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June 17, 2011, 03:23:09 PM |
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your attempts are futile holding the market above $15.00, let it fall below into the $14 barrier!
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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Alex Beckenham
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June 17, 2011, 03:23:27 PM |
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I sell my Bitcoins when they get down to $10-$13 because I might lose everything.
I buy Bitcoins when they are at $25, because then they are doing well.
Buy high, sell low.
I sit on my stash and wait patiently for $100 per coin. Yes they may go much higher, but I probably won't have the nerves for that. |
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bittersweet
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June 17, 2011, 03:25:31 PM |
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Goons are trying to sell their overpriced bitcoins too high!
This is getting fucking ridiculous!! don't buy people you're playing into their hands!!
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My Bitcoin address: 1DjTsAYP3xR4ymcTUKNuFa5aHt42q2VgSg
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bitbot
Member
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Activity: 70
Merit: 10
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June 17, 2011, 03:32:41 PM |
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EVERYONE SELL NOW AND BUY BACK WHEN IT GOES DOWN TO 12 TOMORROW
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stic.man
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June 17, 2011, 03:45:32 PM |
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15 has a pretty decent bid in place to stop a drop, guess we'll see
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dayfall
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June 17, 2011, 03:51:02 PM |
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EVERYONE SELL NOW AND BUY BACK WHEN IT GOES DOWN TO 12 TOMORROW
YES, SELL SELL. That is what I want you to do! Ok, seriously. Who am I taking this money from? How can I have more BTC and more USD than when I started? Man, this stuff is crazy. |
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Maxxx
Member
Offline
Activity: 70
Merit: 11
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June 17, 2011, 03:52:14 PM |
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I sell my Bitcoins when they get down to $10-$13 because I might lose everything.
I buy Bitcoins when they are at $25, because then they are doing well.
Buy high, sell low.
Words of wisdom that everyone should follow. |
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Oldminer
Legendary
Offline
Activity: 1022
Merit: 1001
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June 17, 2011, 03:54:55 PM |
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I sell my Bitcoins when they get down to $10-$13 because I might lose everything.
I buy Bitcoins when they are at $25, because then they are doing well.
Buy high, sell low.
This is called capitalism |
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TheGer
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June 17, 2011, 03:59:57 PM |
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Difficulty goes up! Price goes down!
Tiger Blood!!!!!
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Durr
Newbie
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Activity: 28
Merit: 0
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June 17, 2011, 04:03:38 PM |
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Vanquistador
Newbie
Offline
Activity: 28
Merit: 0
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June 17, 2011, 04:41:56 PM |
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Difficulty goes up! Price goes down!
Tiger Blood!!!!!
I don't get how the price is going down after a difficulty increase... anyone able to englighten me (and others)? (Aside from the notion that the price falls every weekend, since it is currently friday.... and the prices usually haven't dipped (at least last week they didn't) until Saturday). |
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imperi
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June 17, 2011, 04:43:32 PM |
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Difficulty goes up! Price goes down!
Tiger Blood!!!!!
I don't get how the price is going down after a difficulty increase... anyone able to englighten me (and others)? (Aside from the notion that the price falls every weekend, since it is currently friday.... and the prices usually haven't dipped (at least last week they didn't) until Saturday). All the miners say "This sucks. I quit" and then never look at Bitcoin again. |
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unk
Member
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Activity: 84
Merit: 10
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June 17, 2011, 04:49:12 PM |
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Difficulty goes up! Price goes down!
Tiger Blood!!!!!
I don't get how the price is going down after a difficulty increase... anyone able to englighten me (and others)? (Aside from the notion that the price falls every weekend, since it is currently friday.... and the prices usually haven't dipped (at least last week they didn't) until Saturday). except for the mild, easily predicted (and thus priced), and temporary decrease in supply following a difficulty retarget to a higher level, there isn't the slightest reason to think that rising difficulty should cause an increased price. there's no reason at all to think it should in the steady state. as an analogy, if i'm pumping natural gas from an underground well, and someone else starts pumping gas from that same underground well in a way that doesn't change overall production but simply reallocates it, what effect do you think it would have on price? any other effects people notice either confuse correlation for causation or posit some hard-to-measure empirical conjecture about the psychology of miners, none of which has proven to be true long-term, and none of which is grounded on anything but speculation. |
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justusranvier
Legendary
Offline
Activity: 1400
Merit: 1009
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June 17, 2011, 04:50:05 PM |
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I don't get how the price is going down after a difficulty increase... anyone able to englighten me (and others)? The price of bitcoins is not determined by the difficulty of mining them. |
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Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
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June 17, 2011, 05:18:01 PM |
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Goons bring the market up, goons bring it to crash, whoever is smarter than them makes money in between.
Everything good as long as something's happening. And if people are in for long-term speculations... well, since no smart speculator put everything on one card, the drop increases the buy-in size of those speculating on a rise.
So why would one complain -- because the earnings could have been higher? Oh well, I also sold some too low in the first drop, you can't get it perfect every time.
On correct mid-term predictions, a speculator makes good money. The ones who should complain are those wanting to use Bitcoin; traders will be annoyed by the jumping prices.
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