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Author Topic: We are on our way to 3.5-3.7!  (Read 9340 times)
wobber
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October 07, 2011, 05:36:54 PM
 #1

Not good!

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NamelessOne
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October 07, 2011, 05:38:04 PM
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A whole month of not having new lows was enjoyable.
wobber
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October 07, 2011, 05:38:51 PM
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A whole month of not have new lows was enjoyable.

Indeed. I was hoping we're gona be at 5 like years.

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October 07, 2011, 05:42:10 PM
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It's goin back up... good thing, I was just about to liquidate my long position at bitcoinica

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October 07, 2011, 05:42:31 PM
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woop... spoke too soon

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October 07, 2011, 05:44:53 PM
 #6

I wish I could get more money into Mt. Gox faster! We're looking at a prime buying opportunity.
By all means, please keep panic selling.
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October 07, 2011, 05:46:13 PM
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I wish I could get more money into Mt. Gox faster! We're looking at a prime buying opportunity.
By all means, please keep panic selling.

Word

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wobber
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October 07, 2011, 05:48:15 PM
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+1

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October 07, 2011, 05:49:01 PM
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The sell price at bitcoinica AND the gox price DID dip below S0352's projected bottom of 4.18 ... to 4.16 for a minute or so...

... I have a bit of cash left at bitcoinica, should I go short?  is a drop to 3.50 really feasible?

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wobber
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October 07, 2011, 05:50:53 PM
 #10

I would expect 3.7. For now.

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October 07, 2011, 06:19:48 PM
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Nah, I think we're done with this month's drop.   4.2 is the new 5 for the coming month.  Look for confirmation on deepbit though -- if total hash rate remains around 4.5 terahash (currently 4.3) over the weekend we'll be stable after a small, short term rally to around $4.4.  If hash power does a swandive then we'll finally get our capitulation.  At which point $3.5 will seem quite optimistic.
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October 07, 2011, 06:27:30 PM
 #12

The guy pulled his bidwall of 13000 bitoincs out at the 4.00 mark and looks to have set it at the 3.2. He is giving into a total collapse.

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wobber
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October 07, 2011, 06:31:18 PM
 #13

It's just a matter of days.

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October 07, 2011, 06:34:04 PM
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I wish I could get more money into Mt. Gox faster! We're looking at a prime buying opportunity.
By all means, please keep panic selling.

I bought some just incase this is the new low...but, I don't think we've hit the bottom yet.   Undecided

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wobber
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October 07, 2011, 06:35:55 PM
 #15

The lowest low will be lower lol

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October 07, 2011, 06:41:48 PM
 #16

Waiting on confirms on coins coming from btce (a bonus bitcoin a day from mining tenebrix! yay!) so I can send them to mtgox in support of this "rally."  In hindsight I should have just sold on btce.
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October 07, 2011, 06:46:18 PM
 #17

Because of the recent "Lost" wallets from http://bitcoin7.com. I would not be surprised to see an estimated 15 to 20k BTC to hit the market. And push this down trend further towards 3.5.
wobber
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October 07, 2011, 06:47:47 PM
 #18

They had like 8,000! This is panic selling coming from the big guys!

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RyNinDaCleM
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October 07, 2011, 06:49:56 PM
 #19

With how shallow the ask side is, shouldn't the price be going up?

wobber
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October 07, 2011, 06:54:49 PM
 #20

Do I hear a 4.01?

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