thehun (OP)
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Activity: 1212
Merit: 1037
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August 07, 2013, 10:13:14 PM |
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In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities?
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deltanine
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August 07, 2013, 10:16:13 PM |
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In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities?
I think the market was overheated to begin with so we are seeing people locking in profits. Also, we have seen an upswing in IPOs so there are more options for the investor to choose from, spreading the money around. There are a few good deals laying around now for sure, but i think there is now a lot of money on the sidelines waiting for even better entry prices. |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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thehun (OP)
Legendary
Offline
Activity: 1212
Merit: 1037
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August 07, 2013, 10:22:54 PM |
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In the last week all (or most) of the BTC stocks are in a downwards trend. What are the possible reasons for this? The slow bursting of a bubble or fear of possible SEC action on Bitcoin securities?
I think the market was overheated to begin with so we are seeing people locking in profits. Also, we have seen an upswing in IPOs so there are more options for the investor to choose from, spreading the money around. There are a few good deals laying around now for sure, but i think there is now a lot of money on the sidelines waiting for even better entry prices. Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin. |
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superduh
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August 07, 2013, 10:33:22 PM |
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have you heard of the speculation forum?
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ok
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deltanine
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August 07, 2013, 10:34:43 PM |
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Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin.
I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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mgio
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August 07, 2013, 10:37:19 PM |
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Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin.
I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! If you wait for all that, you'll be too late. |
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deltanine
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August 07, 2013, 10:43:07 PM |
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Makes sense. I guess most of the people buying/selling are not investors but speculators looking for fast bucks, especially in IPOs like the last ones of BTCGarden and Labcoin.
I don't understand it to be honest. Bitcoin is risky by itself already so I always invest in Bitcoin securities cautiously. Securities have to be reasonably verifiable, have a good managerial track record, pay divs and have a solid APR before I invest. But if someone is gonna day trade with Bitcoin securities, they must have gigantic balls and I salute them! If you wait for all that, you'll be too late. All I know is... I've been doing pretty well by waiting for all that. So much so that I'm only playing with house money now. But I understand what you are saying. I'll miss out on the "get rich quick" IPO to market dominance success. i can live with that. I have to admit, I did throw some into ActiveMining a couple of weeks ago. With the missteps I got really anxious and pulled out after my investment doubled. If was only a nominal amount of shares anyway. I may buy back in only because I feel like Ken is working his ass off. For now, though, I'm just watching. If you wait for all that, you'll be too late. |
Freedom is a state of mind, and then Bitcoin comes along.....
-S4VV4S
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forensick
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August 08, 2013, 09:58:01 AM |
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one of the reason is also the price on btc in fiat money... it increased in last weeks from some 70 USD to over 100 USD, so it could be a reason to take profits in securities and change some funds into fiats. Even I do not do it personally, I understand it. There is also too much mining attempt and most of them sux. I guess maybe 1/3 of current mining securities could be successful, but we will see...
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pascal257
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August 08, 2013, 12:03:05 PM |
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Could also be related to stronger BTC. The rate never dropped below 100$/BTC.
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forensick
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August 08, 2013, 12:45:27 PM |
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This is a daytrader's dream though.
I made quite a bit of money already, as a simple amateur.
there is a difference between luck and skill  anyway, congratulations, I am satisfied as well |
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damiano
Legendary
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Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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August 08, 2013, 02:59:14 PM |
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This is a daytrader's WET dream.
Let me fix that for you  |
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Carnth
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August 08, 2013, 10:30:55 PM |
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What is that supposed to mean?
Don't worry about it. Just take delight in your profit and enjoy an <insert favorite beverage here>. |
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