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Author Topic: Bitcoin bounce, the revenge of the vengeance. 5 digits again  (Read 157 times)
Nosk
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January 17, 2018, 04:31:12 PM
 #1

Congrats to every bottom buyers, we've just bounced on the bottom.
Lesson taught to panic sellers (so freaking glad I didn't).

I expect a small resistance and then either dip again or recovery.
If there is a sky rocket, it will happen this summer.
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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MiLkz
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January 17, 2018, 04:34:30 PM
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Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s
VitaminC
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January 17, 2018, 04:35:06 PM
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No lesson taught here. The market been moving like this for past 3 days. It goes down $1000, then up $500, then down $250, then up $150. The only time you can make boastful claims like these if the price movement overall for 1 day is not in red... let's see how many more days before that actually happens.
TheRealProphet
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January 17, 2018, 04:37:27 PM
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I wouldn't call this a bounce.
Nosk
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January 17, 2018, 04:38:04 PM
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Well here it goes, 4 digits again  Grin
Anyway, still hold on the rest of my original post.

Its far from over, it did this "bounce" yesterday from 10-11k, then this morning it was low 9000s

Well that fact makes me say that the bottom is past us.
Check the chart of daily values https://www.coinbase.com/charts
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January 17, 2018, 04:41:49 PM
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probably too soon but for the fun of it i managed to "capture the moment" so to speak Cheesy



to the moon with bitcoin...
Enjel
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January 17, 2018, 04:47:45 PM
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The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

Using crypto to pay for college.
MiLkz
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January 17, 2018, 04:51:38 PM
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The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

or ill wake up tomorrow and we will be ~8500, no one knows,  Roll Eyes
KwizatzHaderach
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January 17, 2018, 04:58:55 PM
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Markets should have calmed a bit since it is already early morning here in the East. Wait and see if Korean and Japanese markets stabilize.

Enjel
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January 17, 2018, 05:19:47 PM
 #10

The red will only last for a few more days, maybe a week more. Hang on! A few more panic-sells and then we'll be above 10k when we recover.

or ill wake up tomorrow and we will be ~8500, no one knows,  Roll Eyes

I'm pretty confident that a final panic sell wave will actually bring us lower than 8500. But what I'm saying is that it will recover soon. This is nothing to worry about - just Asians cashing in their Bitcoins for taxation purposes.

A lot of new investors panic-selling just exaggerates everything.

Using crypto to pay for college.
Carlsen
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January 17, 2018, 05:32:35 PM
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Calling this a found bottom is a little early in my eyes.
It takes a longer period of time than just two hours to determine whether we were at a low or not.
Looking at poloniex, I see bitcoin was sold under 10K again just a few seconds ago.

  It's me!!!
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