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Author Topic: Rally is starting  (Read 12224 times)
osmosis
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October 06, 2011, 05:05:50 AM
 #101

As soon as enough traders become convinced it will not move, it will move.

I have quite a few grand that finally transferred into Dwolla a week or two ago. Usually I buy right away, but I'm now one of those waiting to be convinced it won't move before I help move it...
(The Dwolla lady that called me, wondering what the heck, and verifying my identity, sounded very nice. I just hope Dwolla doesn't get Goxed)

I know! I have met dozens and dozens of people like you! I love your type...all waiting on standby. The slightest up move, and BOOM! Up we go. How much will the number of people invested in bitcoin grow?  10x  maybe. 100x??
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zby
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October 06, 2011, 06:53:08 AM
 #102

As soon as enough traders become convinced it will not move, it will move.

I have quite a few grand that finally transferred into Dwolla a week or two ago. Usually I buy right away, but I'm now one of those waiting to be convinced it won't move before I help move it...
(The Dwolla lady that called me, wondering what the heck, and verifying my identity, sounded very nice. I just hope Dwolla doesn't get Goxed)

But you are not selling what you have yet?
cbeast
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October 06, 2011, 07:15:57 AM
 #103

If BTC does rally again, how fast *can* it rise? There has never been anything like bitcoin before. Jumping to $30 for a day was interesting, but climbing from $0.008 to $5-10 in a year was more interesting. Can it climb 4 more decimal places in the next year?

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
Cluster2k
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October 06, 2011, 07:41:37 AM
 #104

Bitcoin is currently rallying to $4.60 from about $4.90.  Seems to have found some support for the time being.

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Tronlet
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October 06, 2011, 07:59:35 AM
 #105

Pardon, but what?



(accurate within a minute of this post date)

saadtariq30
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October 06, 2011, 08:05:26 AM
 #106

Pardon, but what?



(accurate within a minute of this post date)

So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked)
Tronlet
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October 06, 2011, 08:12:36 AM
 #107

So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked)
Which exchange this time?

saadtariq30
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October 06, 2011, 08:16:45 AM
 #108

So it moved..it was bound to..i just turned off my miners since i cant stand the noise anymore..i could at $5 but lol not at $4.5 :p..anyway its not surprising though..the price always falls a little after some bad news(another exchange getting hacked)
Which exchange this time?

bitcoin7...they lost the entire user database+2 of their 3 wallets...and i wont be surprised if the price gets pushed down further due to the stolen coins being dumped
wobber
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October 06, 2011, 08:26:03 AM
 #109

Did they say how many bitcoins were stolen? damn! Price is DOWN!

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saadtariq30
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October 06, 2011, 08:30:14 AM
 #110

i sold out at $4.9..ill buy back when we hit the new low
wobber
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October 06, 2011, 08:31:39 AM
 #111

Lower than 4.18? Bluff?

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saadtariq30
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October 06, 2011, 08:35:12 AM
 #112

Lower than 4.18? Bluff?

who knows...im sure you've noticed how the bid walls just disappear after getting hit right?
Tronlet
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October 06, 2011, 08:47:54 AM
 #113

That's a shame, I thought bitcoin7 was a definite scam at first but they turned out to be an alright site. Still, not surprised they eventually got hit. Their professionalism wasn't on the same level at all.

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October 06, 2011, 09:33:01 AM
 #114

That's a shame, I thought bitcoin7 was a definite scam at first but they turned out to be an alright site. Still, not surprised they eventually got hit. Their professionalism wasn't on the same level at all.

It's a shame that a distributed, controlled by no one currency has a real Achille's Heal in the exchanges.  Every time an exchange gets hacked and its coins stolen we see a mass sell off of bitcoins and a hit to investor confidence.  If someone would manage to gain access to MtGox's stash then it's all over red rover, the thief would have enough bitcoins to keep the price depressed for years.  They've tried before, I'm sure they'll try again.  It's only a matter of time.

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wobber
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October 06, 2011, 09:54:50 AM
 #115

You have a point here. But so far MtGog is not emptygoxed

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Bigpiggy01
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October 06, 2011, 10:29:35 AM
 #116

Actually Mt Gox is starting to look slightly like a Tsunami waiting to happen  Grin

wobber
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October 06, 2011, 10:53:08 AM
 #117

What do you mean?

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zby
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October 06, 2011, 11:08:15 AM
 #118

What do you mean?

It's gone.
Bigpiggy01
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October 06, 2011, 11:10:02 AM
 #119

A few minutes ago the bid side had definite tsunami like qualities with just a piddly blue line:


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October 06, 2011, 11:21:54 AM
 #120

How to lose money on bitcoinica:

Put a stop loss at 4.76

Change your mind, and remove that stop loss.

Get a surprise sale liquidate your position at 4.4 Sad

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