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accord01 (OP)
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November 24, 2013, 05:06:20 AM |
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So far there has been 2 major dumps... Gox and Bitstamp.... it was nicely coordinated... starting with smaller amts crescendo'ing to bigger and finally a big one... There could be another big one coming from CNY if this was a coordinated plan for the trifecta. It is okay though, come Sunday night USA time, as funds rage in this will hit 899 in a blink of an eye... then on to 950..
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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freebird
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November 24, 2013, 05:11:44 AM |
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BTCChina already had a big dump at the same time as Gox and Stamp. All the way down to 4800. Will it go lower? Maybe, but if I were in fiat right now, I'd buy back in.
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relm9
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November 24, 2013, 05:16:50 AM |
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Wasn't much of a drop really (so far)... I doubt anyone that wasn't willing to buy in at $800 would at $760.
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freebird
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November 24, 2013, 05:20:05 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
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Interized
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November 24, 2013, 05:21:43 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
Nothing new about the Bitcoin, keep using, keep spending, move along.. |
Gold isn't the answer.
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accord01 (OP)
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November 24, 2013, 05:23:37 AM |
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look at the trends, bitcoin isn't going anywhere down ... this correction isn't really a correction. look at liquidity... this is going to 900 level real soon... i mean REAL soon.
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freebird
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November 24, 2013, 05:26:17 AM |
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look at the trends, bitcoin isn't going anywhere down ... this correction isn't really a correction. look at liquidity... this is going to 900 level real soon... i mean REAL soon.
I agree. More fiat will flow into the exchanges on Monday and then we'll push to new highs. Until then, probably in a range between $750 and $850. If it does make one more push downward, I can't see it going below $700. There's strong support on the bid side down there. |
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keewee
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November 24, 2013, 05:49:04 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip  |
1keewee2vRp63UWvPBynT55ZYw6SUCKDB
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freebird
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November 24, 2013, 05:58:02 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip True. It feels like a lot with these swings of a couple hundred bucks now, even though in percentage terms it's not that big of a deal. It takes some adjustment to think in terms of these higher prices... but I'm not complaining!  |
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mvidetto
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November 24, 2013, 06:22:09 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
From what I've seen in Bitcoin anything from a 30% to 50% drop is a significant correction. 15% is a weekend dip Quite possible another 30% correction this weekend/Monday before continuing up. |
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JekyllIsland
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November 24, 2013, 07:32:29 AM |
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It dropped all the way from $890 to $750. Seems like a pretty significant correction to me.
Does a drop of $89 to $75 seem significant too? How about $8.9 to $7.5, or even $.89 to $.75? |
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