voyagr (OP)
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Activity: 39
Merit: 0
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December 16, 2013, 01:15:08 PM |
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The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.
So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.
Thanks for your comments
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 16, 2013, 01:29:07 PM |
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if you already missed selling at $1000+ , now is not the time to sell for sure, rather hold wait for it to bottom out and buy to lower your cost average.
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raskolnikovx
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December 16, 2013, 01:32:22 PM |
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it's always time to buy
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MatTheCat
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December 16, 2013, 01:34:21 PM |
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The decline in the price can be explained probably by the fact that Fed is going to have a two-day policy meeting. The markets are atm very nervous about the outcome as the quantitative easing (85 billion in bonds buying) program can be restrained. But Fed already has tried to restrain this program in the past with no luck, as the market reacted very sharply to the decision. Let's not forget that the economy is still very weak and policymakers seem not to dare taking decisions that will disrupt the market and lead to fire sales. As a matter of fact a bubble is formed everywhere but none is daring to take the ultimate decision, at least not this year.
So, a stop in bond buying cannot be expected only some statements about possible lowering in the future. After the meeting, the markets will rally one last time for this year, better known as the Christmas-rally.
Thanks for your comments
blah blah blah.... Charts have been spelling out price corrections all week. Wake me up when Bitcoin goes below $600 again, then I might be interested, depending on what the charts say.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 16, 2013, 01:38:04 PM |
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Wake me up when Bitcoin goes below $600 again
Yes, wake me up then too. I want those cheap coins.
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i am satoshi
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Elwar
Legendary
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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December 16, 2013, 01:47:30 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin.
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e521
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December 16, 2013, 01:51:22 PM |
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And Bitcoin will not break.
That's quite a huge statement! I agree, this is time to buy, we are near what I think is the bottom ($800) Chinese FUD is also going on at the moment, the trend is evident but not a crash for sure (yet)
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EvilPanda
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December 16, 2013, 02:15:27 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700.
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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December 16, 2013, 02:23:18 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week.
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Dafar
Legendary
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Activity: 1330
Merit: 1000
dafar consulting
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December 16, 2013, 03:10:05 PM |
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Wow... every time I buy BTC the prices goes DOWN the next day.
Bought in for the first time at $670..... price went down to $550 the next day
Bought some 2 weeks ago at $770..... went down the next day to sub $500s
Bought some yesterday for $880...... goes down today at $750
Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck
I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 16, 2013, 03:12:43 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week. Being nervous about Bitcoin price is no-no, eventually taking advantage yes, but nervous no. Most of them will learn it hard way.
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wobber
Legendary
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Activity: 1064
Merit: 1001
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December 16, 2013, 03:20:05 PM |
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I have bought at 755. But only because I sold yesterday at 850.
Fortunately didn't bought some at 1100...
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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GameKyuubi
Sr. Member
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Activity: 253
Merit: 1415
DTCxNMC
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December 16, 2013, 03:31:40 PM |
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BTC: 15SLrNo6PKVfsH5JLtatJcVkSQXCk1LXyq full stack Node
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zoinky
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December 16, 2013, 03:36:39 PM |
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Wow... every time I buy BTC the prices goes DOWN the next day.
Bought in for the first time at $670..... price went down to $550 the next day
Bought some 2 weeks ago at $770..... went down the next day to sub $500s
Bought some yesterday for $880...... goes down today at $750
Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck
I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.
What's your plan for today? So all of us know.
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Ibian
Legendary
Offline
Activity: 2268
Merit: 1278
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December 16, 2013, 03:50:29 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. i would imagine specially those holding coins $1000+ are v nervous and depressed this whole week. $1130. I'm happy. Should get a bag of fiat soon, hopefully before the price rises again.
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Look inside yourself, and you will see that you are the bubble.
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GenTarkin
Legendary
Offline
Activity: 2450
Merit: 1002
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December 16, 2013, 03:51:17 PM |
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Wow... every time I buy BTC the prices goes DOWN the next day.
Bought in for the first time at $670..... price went down to $550 the next day
Bought some 2 weeks ago at $770..... went down the next day to sub $500s
Bought some yesterday for $880...... goes down today at $750
Bought LTC for the first time yesterday for $31...... now it's around $28... Fuck
I mean I'm not scared (yet) and I'm sure it will all rise... but damn, I seem to bring bad luck. Could have saved a lot of money if I only waited a day.
I got the same damn luck, which is why I dont trade =P
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GenTarkin
Legendary
Offline
Activity: 2450
Merit: 1002
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December 16, 2013, 03:52:45 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed?
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BitchicksHusband
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December 16, 2013, 04:11:57 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed? BTCChina charging fees and no longer allowing Alibaba and Tencent isn't FUD. That's huge legitimate news that will greatly affect the price in China. Wouldn't be surprised to see if it transforms China from the leader to the follower.
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1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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EvilPanda
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December 16, 2013, 04:13:48 PM |
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This is the stable price. Buy on panics and bad news.
The only reason to ever sell is if Bitcoin itself is broke.
And Bitcoin will not break.
I have to agree people seem very nervous this whole week and the price could go either way but we are close to the bottom. Even today's FUD didn't take it below 700. what was "todays fud" ... the whole btcchina possibly charging fees now? or something else I missed? Chinese stock market went down a bit and someone started spreading false news about china banks blocking transfers from btc markets. Day like any other
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MatTheCat
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December 16, 2013, 04:32:51 PM |
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$1130. I'm happy. Should get a bag of fiat soon, hopefully before the price rises again.
Here, if you are looking to unload that big bag of worthless Fiat I can do ya Bitcoins for $1030! Now dat wat I call a bargain!
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