bitcoinpsftp (OP)
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December 16, 2013, 06:17:59 PM |
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Anyone know exactly why bitcoin is falling again? Not that it bothers me too much, just wondering what's happening in the markets to get people scared enough to start selling this much?
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DGulari
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KawBet.com - Anonymous Bitcoin Casino & Sportsbook
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December 16, 2013, 06:19:08 PM |
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Anyone know exactly why bitcoin is falling again? Not that it bothers me too much, just wondering what's happening in the markets to get people scared enough to start selling this much?
China made another severe restriction of bitcoin use. This one seems much deeper than the last to me. I think we will see bitcoin at $400 in two days. Sell NOW!!!! |
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lclc
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December 16, 2013, 06:19:43 PM |
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People sold so people start selling
Starting reason is the same like last time: Misunderstand information / FUD from China (bad translated etc.)
Edit: Don't listen to the guy above me. Never trust people who tell you what to do.
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kireinaha
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December 16, 2013, 06:27:34 PM |
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BTC investors need to get over the notion that every dip is preceded by some type of bad news. Bitcoin has been overvalued for the past several weeks and what we're seeing is a market correction. We're likely to see a few more before we see a new floor established, unless that is, there is some legitimate world news that triggers another rally.
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Night gathers, and now my bitcoinwisdom watch begins.
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matt608
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December 16, 2013, 06:29:27 PM |
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BTC investors need to get over the notion that every dip is preceded by some type of bad news. Bitcoin has been overvalued for the past several weeks and what we're seeing is a market correction. We're likely to see a few more before we see a new floor established, unless that is, there is some legitimate world news that triggers another rally.
Errm, actually: "China news: 2 CEOs of payment processors tweeted (via weibo) that transactions to exchanges will be banned. their tweets were deleted after causing a panic sell. There have been claims of trading fees being resumed on BTC China." http://www.reddit.com/r/BitcoinMarkets/comments/1t0733/china_news_2_ceos_of_payment_processors_tweeted/ |
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DGulari
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KawBet.com - Anonymous Bitcoin Casino & Sportsbook
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December 16, 2013, 06:45:30 PM |
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Don't listen to the guy above me. Never trust people who tell you what to do. Isn't that sort of like telling people what to do? Moron. |
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kireinaha
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December 16, 2013, 06:53:44 PM |
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BTC investors need to get over the notion that every dip is preceded by some type of bad news. Bitcoin has been overvalued for the past several weeks and what we're seeing is a market correction. We're likely to see a few more before we see a new floor established, unless that is, there is some legitimate world news that triggers another rally.
Errm, actually: "China news: 2 CEOs of payment processors tweeted (via weibo) that transactions to exchanges will be banned. their tweets were deleted after causing a panic sell. There have been claims of trading fees being resumed on BTC China." http://www.reddit.com/r/BitcoinMarkets/comments/1t0733/china_news_2_ceos_of_payment_processors_tweeted/I didn't see that. That's actually pretty bad, but not surprising. Question is how far we're going to drop based on this news; no idea. |
Night gathers, and now my bitcoinwisdom watch begins.
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Mjbmonetarymetals
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December 16, 2013, 06:57:47 PM |
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Bitrated user: Mick.
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lclc
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December 16, 2013, 08:23:27 PM |
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Don't listen to the guy above me. Never trust people who tell you what to do. Isn't that sort of like telling people what to do? Moron. I don't people if they have to sell or not. It's his decision. That's what I meant. Moron. |
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pbody
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December 16, 2013, 08:39:43 PM |
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I bought in at 750, was very tempted to sell at 1200, but had a false prediction that it would get to 1800 before correcting.
I'd sell now to buy more in a few days but coinbase fucking wont let me. They have my btc frozen for some asinine reason that Im trying to find out.
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cAPSLOCK
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Whimsical Pants
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December 16, 2013, 08:45:39 PM |
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Never trust people who tell you what to do.
Never... But...  |
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Oldminer
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December 16, 2013, 11:45:54 PM |
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In a nutshell, 2 words:
weekend
christmas
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lindatess
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December 17, 2013, 12:02:45 AM |
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BTC investors need to get over the notion that every dip is preceded by some type of bad news. Bitcoin has been overvalued for the past several weeks and what we're seeing is a market correction. We're likely to see a few more before we see a new floor established, unless that is, there is some legitimate world news that triggers another rally.
This is probably the most likely answer for the drop from $1,200 to $800 where it stayed for a while. However, the newer drop from $800 to $700 may be due to another factor. |
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cAPSLOCK
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Whimsical Pants
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December 17, 2013, 01:13:44 AM |
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BTC investors need to get over the notion that every dip is preceded by some type of bad news. Bitcoin has been overvalued for the past several weeks and what we're seeing is a market correction. We're likely to see a few more before we see a new floor established, unless that is, there is some legitimate world news that triggers another rally.
This is probably the most likely answer for the drop from $1,200 to $800 where it stayed for a while. However, the newer drop from $800 to $700 may be due to another factor. I think primarily this is the slow decline after the (double) top came in. News can artificially inflate or deflate the price, but it can alsio be a catalyst to push us where we are destined to go just faster. I believe today was the latter... And its not over imho. This is good though. Knock off the fluff, build a base and get on with the legit climb. |
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