GeniuSxBoY (OP)
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October 07, 2011, 07:45:51 PM |
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lmao....
run now while you can still get $3 out of the system.
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Be humble!
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Edward50
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October 07, 2011, 07:58:03 PM |
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I don't understand, you used to flame me when bitcoin price was around $20 dollars and i said it would go lower, now your saying to sell?
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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bulanula
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October 07, 2011, 08:03:32 PM |
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My first idea when I read this post :
He is early adopter and will be dumping like 100k down and still make a profit before price goes to $1 etc. !?
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GeniuSxBoY (OP)
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October 07, 2011, 08:03:40 PM |
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timing is everything.
I'm not going to claim the titanic is unsinkable after it hit an iceberg and can see it sinking.
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Be humble!
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grod
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October 07, 2011, 08:09:39 PM |
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He's no early adopter, he's a pretty reliable contrarian indicator. However, 80% of the hashing power still mining along on deepbit trumps one guy. I'm still bear.
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S3052
Legendary
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Activity: 2100
Merit: 1000
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October 07, 2011, 08:27:25 PM |
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Mining is not leading, but trailing bitcoin prices
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FreddyFender
Full Member
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Merit: 100
Shamantastic!
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October 07, 2011, 08:28:07 PM |
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Troll alert!!
bleech!
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grod
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October 07, 2011, 08:30:43 PM |
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Mining is not leading, but trailing bitcoin prices
Mining is a great proxy for overall bitcoin community sentiment. If 80% of the miners are still mining along that means they're still expecting higher prices in the future. High future expectations, current and increasing long positions combined with no buying -- does this sound like the recipe for a bull market?
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S3052
Legendary
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Activity: 2100
Merit: 1000
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October 07, 2011, 08:31:52 PM |
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long term, we are still in a bull market. major support has not been breached
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bulanula
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October 07, 2011, 08:32:20 PM Last edit: April 08, 2012, 07:00:41 PM by bulanula |
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Mining is not leading, but trailing bitcoin prices
Mining is a great proxy for overall bitcoin community sentiment. If 80% of the miners are still mining along that means they're still expecting higher prices in the future. High future expectations, current and increasing long positions combined with no buying -- does this sound like the recipe for a bull market? Nope sounds like imminent crash ! COME ON UNDER 1 ALREADY !!
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grod
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October 07, 2011, 08:35:28 PM |
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long term, we are still in a bull market. major support has not been breached
And here is where fundamentals trump technicals. For 25% of the bitcoin community with a cost basis under a dollar, hell yeah, we're in a roaring bull uptrend. Their invested hundreds of K are still worth millions even now. For 75% of the bitcoin community that joined during the times BTC went $8 to $30 to $4, not quite so much.
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quartz92
Member
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Activity: 72
Merit: 10
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October 07, 2011, 08:58:46 PM |
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lmao....
run now while you can still get $3 out of the system.
SIKE
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