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Author Topic: I confess  (Read 973 times)
Blitz­
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"Cut Your Loose"


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September 07, 2011, 06:24:07 AM
 #1

I am bullish since 6.6$.

Am I crazy?

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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coined
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September 07, 2011, 06:32:50 AM
 #2

you might get a nice quick trade out of it, this can move quick so don't go to sleep  Grin

I'm just going to watch for now. would take quite a lot to turn the market around at this point.
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September 07, 2011, 06:34:09 AM
 #3

Bitcoin prices are based entirely on speculation.  People have been waiting for it to go back up and now it has, they are all buying it.  I hope it will go up to $14.

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critmass
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September 07, 2011, 06:44:07 AM
 #4

Bitcoin prices are based entirely on speculation.  People have been waiting for it to go back up and now it has, they are all buying it.  I hope it will go up to $14.
It wont, unfortunately.  Unless we see a new flood of investors or the (bitcoin) economy as a whole grows a ton.
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September 07, 2011, 06:46:13 AM
 #5

It wont, unfortunately.  Unless we see a new flood of investors or the (bitcoin) economy as a whole grows a ton.


People sold their coins cheap.  These people who bought it aren't going to sell until they're sure it reaches the top.  So there's less coins on the market.

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September 07, 2011, 11:03:38 AM
 #6

Bought at $7.10 (long standing bid, over a week ago) and rued the fact that price kept falling.  Alas, some kind soul pumped the price up to a $7.50+ spike today and that's where I sold.  $6.90 now.

Will buy again.

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September 07, 2011, 12:34:37 PM
 #7

You all do realize the "it'll take 20k of new money get the price up $2" is BS, don't you?

...Don't you?

Say that wall is 20k worth. If you had 20k of BTC to sell, and saw the price heading up.. would you still sell it there? There are no false walls, up or down. There's profiteering. Free market.

I hope yall never trade on the real markets. People like you helped cause the '08 crash. Relax, do some real research, take your position nd grab a beer.

@OP, you're not crazy. This market must be the easiest range trade I've ever played. Another day hovering at this point and I'm back in long.

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Minsc
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September 07, 2011, 05:48:22 PM
 #8

Bought at $7.10 (long standing bid, over a week ago) and rued the fact that price kept falling.  Alas, some kind soul pumped the price up to a $7.50+ spike today and that's where I sold.  $6.90 now.

Will buy again.

Price would be in $9 if someone hadn't sold 10,000 at 7.50 down to 6.90 and now it has been stagnating, but not falling.

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critmass
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September 07, 2011, 06:21:35 PM
 #9

Price would be in $9 if someone hadn't sold 10,000 at 7.50 down to 6.90 and now it has been stagnating, but not falling.
?
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September 07, 2011, 06:33:00 PM
 #10

It had climbed to 7.50.  Then Firefox running MtGox Live froze so I had to close and restart.  When I reopened it, it had fallen to about 6.90 and showed about 10,000 volume just sold.

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