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Author Topic: Are we about to witness something epic?  (Read 5481 times)
FlipPro
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August 09, 2011, 05:13:34 PM
 #1

I can feel it you guys...

Epic rally time is upon us.

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August 09, 2011, 05:18:33 PM
 #2

That cant be right all the journalists said bitcoin was dead!
GeniuSxBoY
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August 09, 2011, 05:21:53 PM
 #3

EVEN I THOUGHT BITCOIN WAS DEAD!!



bitcoin works on faith and I think a little faith is being restored. That guy who made the $120,000 investment made a great investment.
kokjo
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August 09, 2011, 05:27:21 PM
 #4

That cant be right all the journalists said bitcoin was dead!
bitcoin was dead!  Cry

but you know its the internet!  Roll Eyes
bitcoin just re-spawned, to go frag all the journalists. Grin

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
coined
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August 09, 2011, 05:28:16 PM
 #5

EVEN I THOUGHT BITCOIN WAS DEAD!!



bitcoin works on faith and I think a little faith is being restored. That guy who made the $120,000 investment made a great investment.

I would feel a little safer if it was a gradual increase after we were all sure the decline was over, it still feels we could slip back down any minute Undecided

the investor will likely just sell back out if he see's he hasn't kicked off a rally, The fear of going through 10 then free falling to 5's again will be on his mind. its on ficken mine  Grin
Raoul Duke
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August 09, 2011, 05:33:17 PM
 #6

That cant be right all the journalists said bitcoin was dead!

And that was probably what ressurected it Wink

Every time the press spews out some garbage about bitcoin the price shoots up.

Kartoff
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August 09, 2011, 05:41:47 PM
 #7

Who said Bitcoin was dead ? And why ?
GeniuSxBoY
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August 09, 2011, 05:44:49 PM
 #8

what does google trends have to say about this?
kokjo
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August 09, 2011, 05:44:59 PM
 #9

Who said Bitcoin was dead ? And why ?
a bunch on stupid journalists, because the price dropped a little bit.

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
stic.man
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August 09, 2011, 05:46:26 PM
 #10

I'd love for it to shoot up again, but you guys are insane, it goes down 6-8 bucks over a week then comes back 5 and you think it's rallying.

it's unhealthy thinking

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August 09, 2011, 05:56:32 PM
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what does google trends have to say about this?

It has risen over the past few days (check chod's time series analysis thread on the 14th page). It's been suggested that the price trails the google trends volume by a few days.
joulesbeef
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August 09, 2011, 06:11:04 PM
 #12

Bitcoin is dead, LONG LIVE BITCOIN!!

mooo for rent
vulgata
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August 09, 2011, 06:12:27 PM
 #13

EVEN I THOUGHT BITCOIN WAS DEAD!!



bitcoin works on faith and I think a little faith is being restored. That guy who made the $120,000 investment made a great investment.

I would feel a little safer if it was a gradual increase after we were all sure the decline was over, it still feels we could slip back down any minute Undecided

the investor will likely just sell back out if he see's he hasn't kicked off a rally, The fear of going through 10 then free falling to 5's again will be on his mind. its on ficken mine  Grin

Agreed, it's still far from the $15 range we were seeing just a week or two ago.

I'd love for it to shoot up again, but you guys are insane, it goes down 6-8 bucks over a week then comes back 5 and you think it's rallying.

it's unhealthy thinking



+1

I think it's just as likely to drop back down again, especially since this jump wasn't accompanied by any good news, promotion, or anything new at all.  Hash rates continue to fall and all the press has been super negative.  MyBitcoin and the Bitcoin Police have only brought up more sketchiness and mistrust.  I'm still sticking by my prediction that it will bottom out around $5-6 within the next month or so.  Unfortunately, I can also think of scenarios where it crashes below $1 too... but I'll stay optimistic for now.

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August 09, 2011, 07:56:38 PM
 #14

especially since this jump wasn't accompanied by any good news, promotion, or anything new at all.

No news is good news.
Oldminer
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August 09, 2011, 09:11:06 PM
 #15

That cant be right all the journalists haters said bitcoin was dead!

-Fixed

I can feel it you guys...

Epic rally time is upon us.

And yes your right, I can feel it in my shorts..

If you like my post please feel free to give me some positive rep https://bitcointalk.org/index.php?action=trust;u=18639
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deepDown
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August 09, 2011, 09:30:42 PM
 #16

Anyone has a feeling that there will be a big huge sell just before the return of the MtGox fees?
... or it may be a buy?? Tongue
Bitcoin Swami
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August 09, 2011, 09:37:36 PM
 #17

Anyone has a feeling that there will be a big huge sell just before the return of the MtGox fees?
... or it may be a buy?? Tongue

I dont know which one it will be.  I'm waiting for a sell off though. Maybe it wont happen.  
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August 09, 2011, 09:38:11 PM
 #18

Anyone has a feeling that there will be a big huge sell just before the return of the MtGox fees?
... or it may be a buy?? Tongue

There will probably be a good amount of sells before the time limit for sure, hopefully nobody will panic about all the sells and drive the market down.


What time is 23.59 GMT in american eastern standard time.  I can never seem to find the right answers.
Piper67
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August 09, 2011, 09:41:33 PM
 #19

Anyone has a feeling that there will be a big huge sell just before the return of the MtGox fees?
... or it may be a buy?? Tongue

There will probably be a good amount of sells before the time limit for sure, hopefully nobody will panic about all the sells and drive the market down.


What time is 23.59 GMT in american eastern standard time.  I can never seem to find the right answers.

8 pm eastern
enmaku
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August 09, 2011, 09:48:41 PM
 #20

I think there's a little wisdom to be found in almost every theory I've heard re: the patterns and trends in bitcoin.

The "long slow slide" can probably be attributed to the regular sale of mining proceeds - a constant, but slight, downward pressure on the market. The rallies we've seen are those times when market pressure from speculators, new investors etc. outweighs the mining proceeds. The fact that we've seen no serious peaks or valleys for some time now (without an accompanying selloff anyway) would seem to indicate that we have enough regular transaction volume to mostly cancel out the slow fall from the mining proceed sales on an average day. This bodes well for the bitcoin network for numerous obvious reasons. We've also seen multiple times now that the market tends to recover from major selloff events, albeit quite slowly.

I'd say if we can get a few solid weeks without any more hacks, selloffs etc. we could easily be looking at a decent rally.

A few more articles/segments in mainstream news couldn't hurt much either Wink

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