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ft73
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June 07, 2013, 04:03:58 PM |
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How far do you think it will drop before it rises again. Weeks, months, years...?
Short term: i think it will quickly bottom in the low 100$, then it should at least bounce back strongly. Then we'll judge, based on reaction. |
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Bitcopia
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June 07, 2013, 04:09:23 PM |
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Too much good news to drop below $100. Even with the lack of a decent exchange, I believe we'll hold up, and if price does crash through $100, I hope you all have your fiat ready to go!
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NewLiberty
Legendary
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Activity: 1204
Merit: 1002
Gresham's Lawyer
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June 07, 2013, 04:11:01 PM |
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Too much good news to drop below $100. Even with the lack of a decent exchange, I believe we'll hold up, and if price does crash through $100, I hope you all have your fiat ready to go!
I buy my bitcoin with silver and gold because I value my bitcoin community too much to pay in fiat. |
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SGExodus
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June 07, 2013, 04:14:30 PM |
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Heading down to $100..
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dandannn
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June 07, 2013, 04:16:00 PM |
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It's annoying as I bought my first bunch of coins a couple of weeks ago in the late £80's. I suppose this is the thing with bitcoins it is unpredictable.
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auto2nr1
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June 07, 2013, 04:19:11 PM |
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At $108.00 right now. I bought some coins last night. Should have waiting until this morning. Holding off on more purchases until next week. How do you think this will play out throughout the weekend?
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mgio
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June 07, 2013, 04:20:50 PM |
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Anyone have any idea why?? It's below $108 now and shows no sign of reversing.
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sickpig
Legendary
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Activity: 1260
Merit: 1008
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June 07, 2013, 04:20:55 PM |
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Bitpay is cashing out kncminer's pre-order bitcoin for USD, i guess that's in the magnitudes of millions of USD  I thought you didn't have to pay upfront for KNC's? They start to accept real payments a few days ago. Tuesday if memory serves. Actually they are selling you pre-orders. |
Bitcoin is a participatory system which ought to respect the right of self determinism of all of its users - Gregory Maxwell.
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ft73
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June 07, 2013, 04:21:45 PM
Last edit: June 07, 2013, 04:42:04 PM by ft73 |
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At $108.00 right now. I bought some coins last night. Should have waiting until this morning. Holding off on more purchases until next week. How do you think this will play out throughout the weekend?
Very oversold, it will eventually bounce back towards the 110$ area before reaching 100$. So you'll probably have a chance to sell, it will drop again. |
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ft73
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June 07, 2013, 04:28:19 PM
Last edit: June 07, 2013, 04:41:11 PM by ft73 |
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I think i'll grab a few coins @105, if reached.
105-110 range in mind.
EDIT: inversion @106,15$, shame. Heading to about 110$. Lost my chance for an easy 4%.
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Moebius327
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June 07, 2013, 05:05:42 PM |
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Filled my pockets with BTCs  |
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johnyj
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Activity: 1988
Merit: 1012
Beyond Imagination
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June 07, 2013, 05:12:54 PM |
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Exactly, if price dropped to $10, with same money you could buy 10x more coins, dropped to $1, you can buy 100x more coins, just make your net and capture the fish, how big/small the grid will be depends on your risk tolerance level At any time 1 BTC equals to 1/21m of bitcoin economy, this has nothing to do with exchange rate |
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auto2nr1
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June 07, 2013, 05:34:34 PM |
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Exactly, if price dropped to $10, with same money you could buy 10x more coins, dropped to $1, you can buy 100x more coins, just make your net and capture the fish, how big/small the grid will be depends on your risk tolerance level At any time 1 BTC equals to 1/21m of bitcoin economy, this has nothing to do with exchange rate I bought in at $114.00 per BTC so i will just hold and see how this rides out and will continue to buy as prices drop. |
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BitCoinNewGuy
Member
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Activity: 84
Merit: 10
'That Guy'
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June 07, 2013, 10:10:10 PM |
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I buy my bitcoin with silver and gold Which has now lost, what, -5% today? My $1 bill is still a $1 bill.  |
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Malawi
Full Member
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Activity: 224
Merit: 100
One bitcoin to rule them all!
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June 07, 2013, 10:47:32 PM |
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I buy my bitcoin with silver and gold Which has now lost, what, -5% today? My $1 bill is still a $1 bill. And a bar of silver is still a bar of silver. Still - USD is on the incline right now, meaning that all assets should cost a little less USD. |
BitCoin is NOT a pyramid - it's a pagoda.
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dontek
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June 07, 2013, 10:55:16 PM |
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I buy my bitcoin with silver and gold Which has now lost, what, -5% today? My $1 bill is still a $1 bill. I told you in your other thread if you're that scared I will buy your BTC right now for 10% under current market. |
Send me your Bitcoin and I will make sure to HODL it safe for you!
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Inedible
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June 07, 2013, 11:12:31 PM |
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Anyone have any idea why?? It's below $108 now and shows no sign of reversing.
It's coz it's the end of the lunar cycle. Bitcoin value has historically always weakened towards the end of the cycle. You'll notice if at the start of a new moon the volume is low, it almost always ends up a lower price at the end of the cycle. |
If this post was useful, interesting or entertaining, then you've misunderstood.
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xavier
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June 08, 2013, 12:41:34 AM |
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Well there is no reason for it to go up right now and definitely some reasons for it to go down. I see a continued downward trend.
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CanadianGuy
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June 08, 2013, 12:47:46 AM |
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I think it's due to the amount of people selling off their Bitcoins which they earn from ASIC mining. So they are depositing it into fiat money, to keep it at that value so they are benefiting from it.
I don't understand your logic. The speed at which bitcoins are mined overall doesn't change. All the ASIC rigs do is take a share of something that is already there. Nothing is changing in that regard |
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