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Author Topic: Why now?  (Read 2164 times)
ineededausername
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September 20, 2011, 02:32:44 AM
 #21

We've hit the long term support.  If Bitcoin goes under this, it is doomed.  I have confidence that it will not.

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RyNinDaCleM
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September 20, 2011, 02:33:56 AM
 #22

Damned resistance at $5.64 is keeping prices low.  I hope it turns out to be partially fake or something.

I know! Why won't they pull the sell bids back a little?

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September 20, 2011, 02:40:53 AM
 #23

Damned resistance at $5.64 is keeping prices low.  I hope it turns out to be partially fake or something.

I know! Why won't they pull the sell bids back a little?

Less than 24hrs ago the price was $4.90.

Give them some time to get used to the bulls.

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September 20, 2011, 02:41:48 AM
 #24

However, this time I think we have sufficient pressure to eventually break the resistance.  The technicals are looking great.

The charts you mean?  You know every time the price gets a predictable pattern, it then changes and never does the same pattern again?

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September 20, 2011, 02:44:32 AM
 #25

if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!

I think this is only a small portion of miners.  Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000.  (Last time I had coins, I had less than 100)

If most miners sold, I think the price would just tank to under $1.

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September 20, 2011, 03:12:33 AM
 #26

if by weak holders you mean a significant amount of miners constantly selling their btc like clockwork.. ok then!

I think this is only a small portion of miners.  Most of the ones I've talked to say they aren't selling, like this guy begging for bitcoins when he has 23,000.  (Last time I had coins, I had less than 100)

If most miners sold, I think the price would just tank to under $1.

I'm mining, and buying more instead of selling. So you're likely correct.

RyNinDaCleM
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September 20, 2011, 03:44:16 AM
 #27

I mine, and trade! All in effort to amass some BTC! What I have in the exchange is always more than I put in! I pull the *extra* back out and continue, leaving the initial amount in my account!

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September 20, 2011, 04:05:13 AM
 #28

you guys make it sound like no one has to pay for electricity, cooling, space, etc... it sucks a lot of money out of bitcoin everyday.
RyNinDaCleM
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September 20, 2011, 04:13:34 AM
 #29

... it sucks a lot of money out of bitcoin everyday.
So does Gox! ; )

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September 20, 2011, 09:56:22 AM
 #30

If it is as many are hoping, we may have finally reached the true bottom after a 3-4 month correction. It may have never been a bubble, just a correction. We just reached another new daily high less then 5 minutes ago so BUY BUY BUY!

This is one they're probably looking at (the 365 day SMA line in purple):

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September 20, 2011, 10:00:43 AM
 #31

If the team release the new v0.4.0 client on next few days, I think that the faith on Bitcoin will grow as the price Smiley

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