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Author Topic: Looks like the 13.5 bid wall is holding up. But for how long?  (Read 4288 times)
piramida
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August 02, 2011, 01:02:58 PM
 #61

Well, I hope you are right and that I am wrong. Time will tell.

Ok sorry for being rude but you really aren't the first to say that btc will "never" do something, it is getting old. I can see future no better than you, but one thing I know for sure - bitcoins are not ending any time soon. how much they will cost today, tomorrow, in a year is only speculatively interesting, but "never" is a little bit too long term. I bet people said that you could never talk to another person across continents just 100 years ago. They look stupid in retrospective Smiley

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August 02, 2011, 05:10:20 PM
 #62

Looks like the $13.5 barrier is finally not able to hold anymore for a 2nd time. I must admit it fought well and I was thinking it won for a while as the price pushed into the 14's and stagnated around high $13's. However, the battle for the single digits is hardly over.

If the price manipulators (a few people who putting up big walls and buying so the price will not drop) can't hold it from falling into the $11 dollar range this will be a clear victory for the bears and the price should push into the single digits.

I believe that the price manipulators will throw every last dollar they can in the $12 dollar range, so it will take a bit before they give and let the price fall into the $11's. It will be a long battle.

I think they will lose in the end and bitcoins will be cheap enough for everyone to own and make it reasonable to finally invest in it long term for people who came in late and want to own it as an investment.     

What is this about price manipulators? And why do you think they're on the buy side? As far as I can tell, the only manipulators are driving the price DOWN, not up. Tongue

BTW, bitcoins are already cheap enough for everyone to own one, and nobody came in late. This is still early adopter territory. This throws the rest of your speculation into question as well.

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