GigaCoin (OP)
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Giga
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May 06, 2013, 10:19:09 AM |
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Bitcoin has been slowly and steadily rising with small bumps in between from $80 to current $120 .
I think this is a good thing imo, a steady healthy rise is always positive on the mid-term, and usually means if we see another sell off it won't go down by much.
based on this pattern, Do you see bitcoin back to $150-$180 by next week, or we gonna see another downfall to sub $100.
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xorglub
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May 06, 2013, 10:25:17 AM |
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Slow and steady has historically always been good and sustainable.
There has to be a small downfall but the more time goes like this the less impact it will have. No double digits anytime soon IMHO.
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axorb
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May 06, 2013, 10:29:57 AM |
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Will rise to around 130 before falling back to 100 .
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 06, 2013, 10:35:50 AM |
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Will rise to around 130 before falling back to 100 .
If it gets to $130, we will have no problem to get to $170+. *if*
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yuvadm
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May 06, 2013, 11:06:19 AM |
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All this China hype is nothing more than a trap before we continue sliding further down.
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fitty
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May 06, 2013, 11:13:45 AM |
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All this China hype is nothing more than a trap before we continue sliding further down.
Clearly you were captain of your high school debating team.
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Babylon
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May 06, 2013, 11:19:48 AM |
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All this China hype is nothing more than a trap before we continue sliding further down.
Clearly you were captain of your high school debating team. he just wants cheap coins. It is hard to debate convincingly when you don't believe it.
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SAQ
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May 06, 2013, 11:24:00 AM |
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Slow and steady? It went from 80 to 120 in two days!
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zby
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May 06, 2013, 11:28:58 AM |
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Slow and steady? It went from 80 to 120 in two days!
Ha ha - I don't know what people are thinking here - 50% in two days is more then crazy even on bitcoin standards.
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Xer0
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May 06, 2013, 11:51:35 AM |
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sell order at 125 placed let's see if it goes thru today
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Zaih
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May 06, 2013, 11:57:53 AM |
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Yep that's the way. The EXTREMELY fast growth always scares me . But tbh, this is still pretty damn fast...
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bitcon
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May 06, 2013, 12:53:21 PM |
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rise, chikuns, rise!
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Xer0
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May 06, 2013, 12:58:37 PM |
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it is still scared of my 125 ask
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GigaCoin (OP)
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Giga
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May 06, 2013, 01:18:00 PM |
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Slow and steady? It went from 80 to 120 in two days!
4 days actually.
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evolve
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May 06, 2013, 05:09:27 PM |
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There is absolutely nothing slow or steady about bitcoins price rise in the last 4 months. [/img]
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Frozenlock
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May 06, 2013, 05:13:11 PM |
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Oh look, a non-logarithmic chart!
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evolve
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May 06, 2013, 05:14:14 PM Last edit: May 06, 2013, 05:26:18 PM by evolve |
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Quick. Tell me exactly why a log chart would be used here?
Come on, don't be shy.
I'll give you a clue why I didn't use one....exponential growth is unsustainable, and the barrier to entry is greater with a higher price, even if percentage of growth is the same (which is one reason you see stock splits).
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Frozenlock
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May 06, 2013, 05:17:51 PM |
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Because you are interested in the relative change.
$1 increase when you are at $1, that's a huge deal. $1 increase when you are at $120 is nothing.
Are you telling me that when looking at stocks charts, you use a linear scale?
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SAQ
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May 06, 2013, 05:19:03 PM |
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You must hate that chart now evolve. Come to the light little bear. Get your fur on another time.
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evolve
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May 06, 2013, 05:23:36 PM |
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Because you are interested in the relative change.
$1 increase when you are at $1, that's a huge deal. $1 increase when you are at $120 is nothing.
Are you telling me that when looking at stocks charts, you use a linear scale?
I already addressed why that isn't feasible, and yes, I do use linear charts with stocks.
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