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Author Topic: This time it's going BELOW 400  (Read 4843 times)
ajax3592 (OP)
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December 06, 2013, 07:02:43 PM
 #1

No intention to spread panic but judging by the $100 crash in less than a hour, and weak chinese hands unfortunately I think we are going to see the big day today. Tread very carefully.
How many of you agree?


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December 06, 2013, 07:07:47 PM
 #2

No intention to panic.

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December 06, 2013, 07:08:32 PM
 #3

No intention to spread panic but judging by the $100 crash in less than a hour, and weak chinese hands unfortunately I think we are going to see the big day today. Tread very carefully.
How many of you agree?



595 is my guess!

HIGHER or lower?


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December 06, 2013, 07:09:05 PM
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666
zeroday
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December 06, 2013, 07:11:55 PM
 #5

I love panic Smiley
Just wired 6 figures amount to bitstamp.

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December 06, 2013, 07:13:03 PM
 #6

good thing youre not using gox = bad gateway
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December 06, 2013, 07:13:35 PM
 #7

made a bit day trading this.... makes me so nervous tho. much nicer to day trade alts when bitcoin is rallying.  Undecided

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December 06, 2013, 07:14:14 PM
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but i dont think its going below 400, not on the initial bounce. in a prolonged bear market though, definitely.

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December 06, 2013, 07:14:48 PM
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i think there is going to be strong resistance at $600, but that's just my uneducated guess. bitcoin over this year has become much more robust and resistant to the "noise."
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December 06, 2013, 07:14:54 PM
 #10

good thing youre not using gox = bad gateway

seemed like it went down for a bit, back up now. Remember the days when Gox went down the market would crash ? Ahhh good times  Grin

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December 06, 2013, 07:17:03 PM
 #11

I love panic Smiley
Just wired 6 figures amount to bitstamp.



Next week price may be over $1,000 again  Tongue
You need money ready at exchange

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December 06, 2013, 07:18:43 PM
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Be greedy when others are fearful --> panic selling - explains best what to do at the moment Smiley
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December 06, 2013, 07:19:23 PM
 #13

Just some GoxLooping™ but I wish you luck LOL
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December 06, 2013, 07:19:35 PM
 #14

No intention to spread panic but judging by the $100 crash in less than a hour, and weak chinese hands unfortunately I think we are going to see the big day today. Tread very carefully.
How many of you agree?



There is very strong support at the $800 USD level. I think only if $750 on BitStamp is taken out will we possibly see $600 again. Lot of folks will snap up bitcoin at the $800 level considering that price a bargain.
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December 06, 2013, 07:34:42 PM
 #15

The price wont stop dropping until its at a bargain price again. $800 is not a bargain.

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December 06, 2013, 07:39:09 PM
 #16

I love panic Smiley
Just wired 6 figures amount to bitstamp.

Next week price may be over $1,000 again  Tongue
You need money ready at exchange

It's true. I hope it will be at least below 900 tomorrow.

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December 06, 2013, 07:48:44 PM
 #17

I can sell at $25 and still profit.  Grin

glhf
ajax3592 (OP)
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December 06, 2013, 08:20:33 PM
 #18

I can sell at $25 and still profit.  Grin

glhf

Huhh, the gifted early adopter prince !!

P.S - I think we just hit 800 on Gox

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December 06, 2013, 08:46:51 PM
 #19

when it drops to -80% from the high, that is a crash... which would be in the $250-300 range... then it will bounce back up+65%-75%...and back down -50%... then start to settle midway, maybe 650-750 range....

that is where the real money is made... never invest until you see blood in the streets.
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December 06, 2013, 08:50:43 PM
 #20

how many bear threads have there been where people overestimated the level of the crash? it seems in the past month i've seen lots of those posts where people think it will go back to $300 or $400.. but it hasn't even come close yet. after all these mini crashes and mini rebounds, it seems to me that BTC is becoming more resistant.
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