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t1000
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December 18, 2013, 02:06:29 PM |
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Have you ever noticed that broken watches* are never completely broken? They still manage to tell the correct time twice a day without moving a hand.
* excluding digital watches.
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Did you find my posts helpful? Did I say say something nice? Your generosity is much appreciate.
BTC: 1G7chBLoYqGfdyfkrox53yDn6sS65PgFYk
LTC: LiYeFdbv5oxin9S3Wmn4v84LuGZ9nsE4XZ
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Gemminyc
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December 18, 2013, 02:08:04 PM |
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How did you figure that the price would drop below $500? I want to learn. Just like in every other case when people talk about Bitcoin price - they guessed. True, out of many predictions, some just have to be right  |
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novymivo
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December 18, 2013, 02:11:42 PM |
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What goes up, must come down.
similar to my d*ck  |
1DP6hkRCNoxE15QFfyeqxRk1qu7gX4FzGS
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YoYa
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December 18, 2013, 02:22:09 PM |
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Bounce of 20 Nov low and support from 200SMA on the 12hr.....it's not rocket science. Break these and we're looking at the 200SMA on the 1D.
Does that even mean anything? Yes, it means profit. |
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TeeBone
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December 18, 2013, 02:25:20 PM |
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Massive red flag was kids opening threads asking if they should borrow a million bucks from Daddy to get in on inflated prices lol
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GriTBitS
Sr. Member
 Offline
Activity: 448
Merit: 250
“A decentralized registry for unique assets”
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December 18, 2013, 02:26:24 PM |
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So there was a lot of talk on this forum about sub-$500. I just assumed it was crazy talk. I was wrong.
How did you figure that the price would drop below $500? I want to learn.
] Hit the zoom out button on the graph. best thing i read all day! |
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suukool
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December 18, 2013, 02:56:23 PM |
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some dude had a dream of a drop before it happened. not me, my dreams are all bullish. but there was some other dude, I think we might want to give him credit for that  I was off a week though. But it did exactly what happened in my dream. The inner workings of my mind are an enigma! |
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Qoheleth
Legendary
Offline
Activity: 960
Merit: 1028
Spurn wild goose chases. Seek that which endures.
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December 18, 2013, 04:50:04 PM |
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The first time around, we went from $32 down to $2.
The second time around, we went from $250 to $50.
With such large post-bubble crashes in our history, why is a 50% downward swing so surprising?
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If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the prevalence of users convinced that BTC is a magic box that will turn them into millionaires, and of the con-artists who have followed them here to devour them.
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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December 18, 2013, 04:51:12 PM |
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Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
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uininPeter
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December 18, 2013, 04:55:37 PM |
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Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
So dont trade next time as well, your speculation calls might have run out of luck. At least statistically |
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BitchicksHusband
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December 18, 2013, 04:55:43 PM |
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OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".
So price will drop to $400? I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work? I don't know what happened, but Coinbase actually dropped to $400 when I randomly woke up this AM and checked my phone. Grabbed a few coins at that price, wish I had more fiat. Bitstamp was at $397? |
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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December 18, 2013, 04:56:44 PM |
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Personally I called the top 900-1200 and a crash to 450.
Unfortunately I didnt trade on any of my speculations LOL.
So dont trade next time as well, your speculation calls might have run out of luck. At least statistically Well statistically my odds of calling it right again are the same as they were before Not that I think I have a magical power. I just speak to the bitcoin. We had a nice chat. |
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nastybit
Newbie
Offline
Activity: 42
Merit: 0
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December 18, 2013, 05:02:27 PM |
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Same path as in the previous 2 bubbles, it went down to double the previous ATH This is what's happening now... we are staying for while between $450/$550 If we break this trend then we will catch up at $250, previous ATH. After that, is apocalypse for the little liberal speculators  |
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Joe200 (OP)
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December 18, 2013, 05:47:30 PM |
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Same path as in the previous 2 bubbles, it went down to double the previous ATH This is what's happening now... we are staying for while between $450/$550 If we break this trend then we will catch up at $250, previous ATH. After that, is apocalypse for the little liberal speculators ath date ath price low 2x previous ath
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
Very interesting! The lows are so close to 2 times the previous all time high. Wish I had known this before the crash. Why does this happen? Anyone know? Will it likely change in the future? |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4475
You're never too old to think young.
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December 18, 2013, 06:07:09 PM |
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I figured the bottom would be 150-200% of the previous ATH (266 at Gox) based on previous bubbles.
While it may still go down more, that seems to be fairly accurate so far.
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e4xit
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December 19, 2013, 09:41:54 AM |
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I figured the bottom would be 150-200% of the previous ATH (266 at Gox) based on previous bubbles.
While it may still go down more, that seems to be fairly accurate so far.
I figure that that is rubbish. I too can make patterns out of numbers. Sorry I picked on you to say that to, I could have done it easily to everyone in this thread, but your comment was just too much! |
Not your keys, not your coins.
CoinJoin, always.
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klovishey
Full Member
Offline
Activity: 195
Merit: 100
Selling Coupons Babie
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December 19, 2013, 09:46:55 AM |
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ath date ath price low 2x previous ath
2010-07-19 0.09 0.05 -
2010-11-07 0.36 0.19 0.18
2011-02-14 1.06 0.67 0.72
2011-06-09 29.58 2.14 2.12
2013-04-09 214.67 65.33 59.16
2013-11-30 1209.94 ?? 429.34
Very interesting! The lows are so close to 2 times the previous all time high. Wish I had known this before the crash. Why does this happen? Anyone know? Will it likely change in the future? Maybe not next time, but it can not follow this pattern forever |
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EuroTrash
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December 19, 2013, 09:55:44 PM |
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OTOH: Chinese mania started when they broke 2000 CNY. So yesterday I said at a meetup that if you have the balls to trade then you should place buy orders around the USD equivalent of 2500 CNY. But I also said: that number is mostly a guess out of my ass. Although I looked confident and showed charts on my phone as "proof".
So price will drop to $400? I see the mania in USD as starting around mid-$200. So we will drop all the way back there? Is this how crashes work? I don't know what happened, but Coinbase actually dropped to $400 when I randomly woke up this AM and checked my phone. Grabbed a few coins at that price, wish I had more fiat. Bitstamp was at $397? I know I bought 4 coins at 383. |
<=== INSERT SMART SIGNATURE HERE ===>
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zimmah
Legendary
Offline
Activity: 1106
Merit: 1005
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December 19, 2013, 11:18:49 PM |
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Have you ever noticed that broken watches* are never completely broken? They still manage to tell the correct time twice a day without moving a hand.
* excluding digital watches.
and yet a watch that is 10 minutes late is never right, but is still more useful. |
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TERA
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December 19, 2013, 11:49:43 PM |
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Its so easy to a find the bottom of the post-rally btc crash a baby can do it .
1. Go to Clark Moody
2. Click W1
3. Look for the blue line
The only exception to this was in 2011 when the crash went on for months and then finally the averages crossed and the support gave way, but you could see something like this happening well in advance.
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