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helloworld
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August 21, 2011, 12:44:57 AM |
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When does the weekend rally start?  Maybe it's already finished?  |
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BitcoinStars.com
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August 21, 2011, 01:24:15 AM |
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When does the weekend rally start? Maybe it's already finished? When did it start? |
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fcmatt
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August 21, 2011, 06:38:47 AM |
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When does the weekend rally start? Maybe it's already finished? When did it start? about 8 days ago. 9 USD to 11.50 USD per BTC is a significant percentage rise in my book. now it has stalled and the time to sell is probably right now. just my two cents. Tomorrow, this forum is going to be full of people wondering why a conference did not have a couple neat things come out of it versus a bunch of hard core bitcoin folks just getting together to talk and brain storm. |
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GeniuSxBoY
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August 21, 2011, 07:44:31 AM |
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God these bots are annoying  |
Be humble!
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tacotime
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August 21, 2011, 03:53:33 PM |
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about 8 days ago. 9 USD to 11.50 USD per BTC is a significant percentage rise in my book. now it has stalled and the time to sell
is probably right now. just my two cents. Tomorrow, this forum is going to be full of people wondering why a conference did not have
a couple neat things come out of it versus a bunch of hard core bitcoin folks just getting together to talk and brain storm.
The bitcoin conference has been going well according to all the people there... There have been some announcements such as bitcoin ATMs and means to pay for consumer goods via smart phone transactions. By the sound of things people are making major investments into the infrastructure. |
XMR: 44GBHzv6ZyQdJkjqZje6KLZ3xSyN1hBSFAnLP6EAqJtCRVzMzZmeXTC2AHKDS9aEDTRKmo6a6o9r9j86pYfhCWDkKjbtcns |
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GeniuSxBoY
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August 21, 2011, 04:12:18 PM |
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All that stuff is stuff we're already talking about online :/ I am not too impressed.  |
Be humble!
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Piper67
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August 21, 2011, 04:26:18 PM |
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Yeah, memo to Bruce, as much as we all love bitcoin, a cruise is not a game changer. If that was the big announcement, it was definitely overhyped.
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GoWest
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August 21, 2011, 04:51:41 PM |
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The conference itself is not what's going to push the price up - it's the resulting (positive) media coverage. From the conference threads over in General Discussion, it definitely looks like the media showed up. It'll take a couple of days for their stories to be produced.
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GeniuSxBoY
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August 21, 2011, 05:03:33 PM |
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Which media outlets showed up?  |
Be humble!
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GoWest
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August 21, 2011, 05:11:02 PM |
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Which media outlets showed up? Al Jazeera and Wired showed up. I'm sure there were others, based on the list that Bruce put out several days ago. |
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S3052
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August 22, 2011, 06:44:28 AM |
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The conference itself is not what's going to push the price up - it's the resulting (positive) media coverage. From the conference threads over in General Discussion, it definitely looks like the media showed up. It'll take a couple of days for their stories to be produced.
There does not need to be new media coverage to push prices up.
The underlying market fundamentals are strong. |
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zby
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August 22, 2011, 07:30:38 AM |
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There does not need to be new media coverage to push prices up.
The underlying market fundamentals are strong.
What do you mean by market fundamentals? The system is burning huge amounts of money with little profit. |
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S3052
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August 22, 2011, 07:40:59 AM |
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The fundamentals of the technical chart patterns are strong, this is what I mean. (sorry for the potential confusion)
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neptop
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August 22, 2011, 08:52:14 AM |
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BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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mute20
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August 22, 2011, 02:53:29 PM |
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Which media outlets showed up? Al Jazeera and Wired showed up. I'm sure there were others, based on the list that Bruce put out several days ago. That is pretty big. I am sure some local papers/bloggers also showed up. Who knows who covered it online? |
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zby
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August 22, 2011, 03:07:40 PM |
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The fundamentals of the technical chart patterns are strong, this is what I mean. (sorry for the potential confusion)
Aha - so the technical analysis shows up trend - but both google trends and alexa are down, forum stats are down (but that of course is easily maniuplated) - and all the conference reports are rather underwhelming (this might change - but i was expecting some tweets or blog posts to appear relatively quickly - so far it's all quiet). That 11.14 bid is strong - but it can still be a fake. Let's see - for now I am holding. |
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fcmatt
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August 22, 2011, 03:58:45 PM |
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The fundamentals of the technical chart patterns are strong, this is what I mean. (sorry for the potential confusion)
Aha - so the technical analysis shows up trend - but both google trends and alexa are down, forum stats are down (but that of course is easily maniuplated) - and all the conference reports are rather underwhelming (this might change - but i was expecting some tweets or blog posts to appear relatively quickly - so far it's all quiet). That 11.14 bid is strong - but it can still be a fake. Let's see - for now I am holding. I would not use a quick post by s3052 to sorta determine what he puts into his newsletter for paying customers. For all we know he is telling them to sell and saying something else on a whim here on the forums. And there is nothing wrong with that in my book. He can do as he wishes and I am not assuming to put words into his "mouth". I sold. By the time any upswing takes place I will have another chunk to sell. Average price over time is what I shoot for. |
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S3052
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August 22, 2011, 07:09:28 PM |
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I would not use a quick post by s3052 to sorta determine what he puts into his newsletter for paying customers.
For all we know he is telling them to sell and saying something else on a whim here on the forums.
Be careful what you are speculating, without doing the proper due diligence. I am not publishing different recommendations in the paid newsletter vs. public updates. |
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zby
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August 22, 2011, 07:25:08 PM |
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So it dropped a bit, despite that huge bid wall - S3052 - any comments? Overall your predictions were pretty good - but maybe in the wake of real news - like this conference disappointment - technical analysis is useless?
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S3052
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August 22, 2011, 08:13:40 PM |
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The news are all prices in already. Technical analysis always works. I know this is a bold statement but if you use technical analysis properly, you CAN succeed.
But to succeed you need to have 100% discipline to cut losses short and secondly, you need to have great money management skills.
All 3 together will make a great trader.
In terms of recent price action, we continue to see consolidation after the almost 50% rise from 8.4 $ to almost 12 $. This is absolutely normal.
The 10.5 $ - 10 $ area should offer formidable support for a further rise. Below 10 $ and we enter a neutral stance. Below 8.4 $ will likely lead to a test of the broad 5 $ zone.
If 10.5 $ -10 $ holds, the rally can continue and above 12 $ will likely lead to 16-17 $.
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