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Author Topic: There will be no sell off at 1000 on bitstamp  (Read 1214 times)
accord01
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November 27, 2013, 07:14:34 AM
 #1

Forget about psychology of 1000, that is all garbage.  People are not that stupid, if they have the sense to buy bitcoins and know how to used an exchange.  Right now the price is at 920-980.  That's not that far off from 1k, and people are not selling.  Those that really care about hitting 1000 before taking profit, already sold @ >960...

There are walls at 1000, but it's guaranteed to be moved back and moved back and more moved back until about 1200-1400 or 1500... then i could see a major take profit from early ppl and late ppl.

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November 27, 2013, 07:54:21 AM
 #2

yea if it gets to 1050, i'm buying more for some short term gains since i expect it go rise
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November 27, 2013, 12:45:16 PM
 #3

Whilst I agree that there won't be an immediate sell of at $1000, people are just that stupid.  That's why the market bounces around and stops at round numbers.
$1000 is a big barrier, once we hit 4 digits it will start to feel normal, then we can forget about it until we are ready to hit 5!


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November 27, 2013, 12:56:36 PM
 #4

I don't expect anything before it hots $1500.
It will at least quadruple the position of the last flash-crash's dip before correcting again.



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November 27, 2013, 02:36:08 PM
 #5

The Chinese have been leading this rally for the past month, and they couldn't care less about our dollar milestones. Smiley
phlogistonq
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November 27, 2013, 02:53:08 PM
 #6

Everyone that felt like panic selling surely did so during the recent 900>450 dip.

Now that they got that off their chest, everyone is ready for the next phase.

In a few weeks, when we are speeding upwards at ridiculous rates again we will have another epic weekend dip.
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