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Author Topic: Up or down from current Mtgox prices? ~$205  (Read 1081 times)
cjspiller28
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October 29, 2013, 04:52:58 AM
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We recently saw bitcoins nearly break its own previous record and as expected corrected itself before that ever happened, coming back down to ~$190 and then back up to ~$205 which is where we are now. 

Now that the unit value has stabilized (relative to past couple weeks) where do you think it is going next?

Since April 2013, the charts reveal that its gradually but consistently increasing in value with minor dips along the way, a pattern that makes for great investment opportunities).

So the question is, do you think it continues to move up gradually from $205?   Or does it still have a ways to go down first?

Maybe I am not looking in the right section, but I was kinda surprised by how few price speculation threads I could find on the first pages of these sections, so I thought it would be fun to start one... for the current price.
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October 29, 2013, 04:57:05 AM
 #2

We recently saw bitcoins nearly break its own previous record and as expected corrected itself before that ever happened, coming back down to ~$190 and then back up to ~$205 which is where we are now. 

Now that the unit value has stabilized (relative to past couple weeks) where do you think it is going next?

Since April 2013, the charts reveal that its gradually but consistently increasing in value with minor dips along the way, a pattern that makes for great investment opportunities).

So the question is, do you think it continues to move up gradually from $205?   Or does it still have a ways to go down first?

Maybe I am not looking in the right section, but I was kinda surprised by how few price speculation threads I could find on the first pages of these sections, so I thought it would be fun to start one... for the current price.
Do you think the price will go down after the difficulty very high now ?

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cjspiller28
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October 29, 2013, 05:54:43 AM
 #3

We recently saw bitcoins nearly break its own previous record and as expected corrected itself before that ever happened, coming back down to ~$190 and then back up to ~$205 which is where we are now. 

Now that the unit value has stabilized (relative to past couple weeks) where do you think it is going next?

Since April 2013, the charts reveal that its gradually but consistently increasing in value with minor dips along the way, a pattern that makes for great investment opportunities).

So the question is, do you think it continues to move up gradually from $205?   Or does it still have a ways to go down first?

Maybe I am not looking in the right section, but I was kinda surprised by how few price speculation threads I could find on the first pages of these sections, so I thought it would be fun to start one... for the current price.
Do you think the price will go down after the difficulty very high now ?

I assume you are referring to the difficulty of mining ?
1Pakis
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October 29, 2013, 06:19:05 AM
 #4

How much do want to invest?

If you want to invest triple digits in fiat go all in.
If you want to invest quadruple digits and up, then buy some now set limit buy orders all the way down ~165$ and go all in if we break 260$ on bitstamp.
That's what I would do if I was out of the market.

Tips are welcome at this address 18DVZkpSwmejPjekX3QMKvRRtR8Bfx65LN.
jl2012
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October 29, 2013, 07:58:31 AM
 #5

How much do want to invest?

If you want to invest triple digits in fiat go all in.
If you want to invest quadruple digits and up, then buy some now set limit buy orders all the way down ~165$ and go all in if we break 260$ on bitstamp.
That's what I would do if I was out of the market.


It's relative. Double digits could be a lot for some people, while quadruple digits could be nothing for some other people

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Zangelbert Bingledack
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October 29, 2013, 08:13:20 AM
 #6

Up.

The only reason it hasn't gone up for a week is it really couldn't: it was growing too fast and needed a break. That break is about to end, and then it seems strongly that we will rise. I'm guessing Tues/Wed we'll break out upward.
Zaih
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October 29, 2013, 01:21:51 PM
 #7

There's no way we're going down, we've proven our stability many times over the last couple of months. Interest is continuing to rise in Bitcoin.

Once someone becomes a Bitcoiner, they rarely lose faith. The concept is amazing.
waltermot321
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October 29, 2013, 02:16:09 PM
 #8

Down,

Its time to come down from profit taking...

billington.mark
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October 29, 2013, 02:27:11 PM
 #9

One big market order is all it takes to swing the market either way. The trick is to be ready to take advantage of each by not being 'all in' with bitcoin or with fiat if at all possible. its nice to see big numbers on the screen but until you want to cash out either way, it doesnt make sense (in my mind anyway!)

point being, it doesnt really matter if the price goes up or down... as long as it doesn't sit still, im a happy bunny.

BTC - 1MarkBCmVn3yp1SB9RZZ7VfqJzkpV8Hmdo
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JimboToronto
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October 29, 2013, 02:54:54 PM
 #10

Up. We had our little period of correction and profit-taking last week.

It's time for the inevitable, relentless growth to continue.

Yes, I'd like the price to dip a bit more for a while so I can buy more while they're still cheap, but that's just wishful thinking.

More realistically, the price will keep going up.
superduh
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October 29, 2013, 07:54:40 PM
 #11

i believe the moon is up

ok
MAbtc
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October 29, 2013, 08:11:14 PM
 #12

Posted this in the wall thread:



Rising wedge on very little volume following correction... but (shrug)... I dunno...

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