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mmortal03
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Activity: 1762
Merit: 1011
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December 18, 2013, 10:58:11 AM |
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Yeah, this is a very common theory that people have posted about time and time again, this one has just tried to put it in literal bitcoin market terms.
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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December 18, 2013, 11:00:58 AM |
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and the last three times this is what happened too, right?
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i am satoshi
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EvilPanda
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December 18, 2013, 11:16:50 AM |
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This is what happen's at least three times a year.
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Bitbuy
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December 18, 2013, 11:18:52 AM |
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So it looks like we're going through these steps right now then:
Step 9. Noobs see value plummeting, panic, and sell (often at a loss) Step 10. Price bottoms out, but not below where it started Step 11. Veterans hike down into the crater and buy, buy, buy. Step 12. Price stabilizes a little bit; noobs think “I’m an idiot”; feel burned and get out of Bitcoin. But some stay.
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dille71 (OP)
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December 18, 2013, 11:29:10 AM |
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and the last three times this is what happened too, right?
Yes but this time it was allot more hype
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BCEmporium
Legendary
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Activity: 1218
Merit: 1000
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December 18, 2013, 11:34:47 AM |
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and the last three times this is what happened too, right?
Yes but this time it was allot more hype Each hype is bigger than the previous. The first one was up to 32, the second to 170, this to 1200. Can't wait to see where the next will lead to!
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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December 18, 2013, 11:43:09 AM |
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Each hype is bigger than the previous. The first one was up to 32, the second to 170, this to 1200. Can't wait to see where the next will lead to!
In percentage terms, the crash of April '13 was smaller than the slide down from the '11 high. IIRC, the very bottom was still about twice as high as it would have needed to go to go as deep as in '11, as a percentage of the peak. Now, in April, the bottom on Bitstamp was, if my data is right, about 17% of the peak. That means that if we stay above 197 USD or so this time, the crash will have been less deep again. We're about to get another data point on the idea that free markets will stabilize themselves. Edit: Incidentally, the current low of 382ish is again about twice as high as the low would be, were this crash to go as deep as the April one did.
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Selling out to advertisers shows you respect neither yourself nor the rest of us. --------------------------------------------------------------- Too many low-quality posts? Mods not keeping things clean enough? Self-moderated threads let you keep signature spammers and trolls out!
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Bitbuy
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December 18, 2013, 11:43:24 AM |
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Next one can only be 10K then!
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wobber
Legendary
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Activity: 1064
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December 18, 2013, 11:58:27 AM |
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Next one can only be 10K then!
But it won't be. Too much speculation. How many times can you re-inflate the same used condom?
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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Hunterbunter
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December 18, 2013, 12:22:33 PM |
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As many times as it takes for people to stop thinking it'll protect you against anything.
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piramida
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Activity: 1176
Merit: 1010
Borsche
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December 18, 2013, 09:07:08 PM |
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Next one can only be 10K then!
But it won't be. Too much speculation. How many times can you re-inflate the same used condom? actually, about infinity
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i am satoshi
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accord01
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December 18, 2013, 09:14:05 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
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po1992one
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December 18, 2013, 09:21:04 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Most say here: never invest money you cant loose. I hope all follow this advice
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JimboToronto
Legendary
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Activity: 4186
Merit: 4856
You're never too old to think young.
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December 18, 2013, 09:56:58 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for.
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T.Stuart
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December 18, 2013, 09:59:02 PM |
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How many times can you re-inflate the same used condom?
In the good old days that's what you did for a long time. And you kept it in a special box.
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Jcw188
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December 18, 2013, 10:23:24 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit.
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Hunterbunter
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December 18, 2013, 10:25:54 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. It's always a bit odd seeking advice from people in a competitive market...like seriously, how can you trust anyone?
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wachtwoord
Legendary
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Activity: 2338
Merit: 1136
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December 18, 2013, 10:28:48 PM |
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This time some people seriously got hurt. That's what is bad about the bulls hyping things up. People proposed selling the house, getting loans, etc to buy bitcoins... That is just ridiculous and could potentially ruin the lives of those that depend on them.
Most say here: never invest money you cant loose. I hope all follow this advice Never invest money you can't afford to wait 2 years for. Unfortunately I did see some posts about: should I invest my life savings in BTC now or wait for a dip? and you do get "bulls" who just say buy buy buy no matter what, in all circumstances, mainly for their own profit. It's always a bit odd seeking advice from people in a competitive market...like seriously, how can you trust anyone? Nah, it's only competitive for traders. It's co-op for investors
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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December 18, 2013, 10:31:19 PM |
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this is happening all the time.
Yes, bitcoin is volatile, but it's also very predictable.
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