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Question: Do you think Bitcoin's price will go higher or lower from here?  (Voting closed: October 09, 2011, 01:50:51 AM)
Higher - 19 (38%)
Lower - 31 (62%)
Total Voters: 50

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Author Topic: Sentiment  (Read 1733 times)
GoWest
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October 08, 2011, 01:50:51 AM
 #1

Results will be posted and analyzed on my blog.

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October 08, 2011, 01:57:42 AM
 #2

It's freefalling to <$1 right now.

Get ready for a rough ride down  Shocked
grod
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October 08, 2011, 02:46:46 AM
 #3

No, people don't feel that way.  Deepbit hash rate is rising again.  They may say one thing, but their actions show their true feelings.  80% of bitcoin ecosystem is thinking the sky is the limit, and this is as low as we're gonna go.
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October 08, 2011, 03:52:00 AM
 #4

Sentiment is a lagging indicator, at least as shown in polls.

(BFL)^2 < 0
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October 08, 2011, 03:54:34 AM
 #5

cheap bitcoins to be had imo
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October 08, 2011, 10:49:03 AM
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In what timeframe? I see the price possibly going down in the short term but I see a strong recovery for the mid term, and the long term is still up as well.

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October 08, 2011, 10:59:13 AM
 #7

Quote
In what timeframe? I see the price possibly going down in the short term but I see a strong recovery for the mid term, and the long term is still up as well.

+1

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October 08, 2011, 11:15:18 AM
 #8

It's freefalling to <$1 right now.

Get ready for a rough ride down  Shocked

Care to wager on that? If bitcoin goes to <$1 I'll send you a bitcoin, if it doesn't then you send me a bitcoin. Hmm?   Wink

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October 08, 2011, 12:51:21 PM
 #9

Quote
In what timeframe? I see the price possibly going down in the short term but I see a strong recovery for the mid term, and the long term is still up as well.

+1

plus another one

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October 08, 2011, 01:13:03 PM
 #10

Quote
In what timeframe? I see the price possibly going down in the short term but I see a strong recovery for the mid term, and the long term is still up as well.

+1

plus another one

+1

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GoWest
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October 08, 2011, 02:23:13 PM
 #11

You're right, I should have specified a timeframe.  The timeframe people assume must be dependent on their investment style.  That would be another good question.

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October 08, 2011, 03:15:50 PM
 #12

You're right, I should have specified a timeframe.  The timeframe people assume must be dependent on their investment style.  That would be another good question.

You may want to clarify it as it is (in statement form) first before moving on to convert it to question form.

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GoWest
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October 08, 2011, 03:23:20 PM
 #13

You're right, I should have specified a timeframe.  The timeframe people assume must be dependent on their investment style.  That would be another good question.

You may want to clarify it as it is (in statement form) first before moving on to convert it to question form.

I'm not going to bother, now that BitcoinAnalyst has posted about his sentiment tracker - it's far more detailed than any info I would get from a simple poll on these forums.

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October 08, 2011, 04:08:15 PM
 #14

It is interesting how important Fibonacchi numbers are.

The current results are at the exact perfect Fib percentages of 38% and 62%...

And yes, sentiment is too bearisg to allow for much more downside, at least mid term

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October 08, 2011, 06:15:11 PM
 #15

Is sentiment a contrarian indicator? ... or trailing?


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October 08, 2011, 06:28:26 PM
 #16

Hashing power on deepbit starting to fall perceptibly.  We may be at a turning point of the bitcoin community going from bull (or closet bull) to bear.

We'll also get to see if the same dynamics which drove a positive feedback loop of price/difficulty during the rocket ride up are also going to work in reverse.  We're less than a buck or so price swing from very, very exciting times for many.

The long awaited capitulation may soon be at hand.  Good thing, I'm so tired of beating the "sell" drum over the past 4 months, I am more than ready to be a bull again.
bulanula
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October 08, 2011, 07:10:42 PM
 #17

Hashing power on deepbit starting to fall perceptibly.  We may be at a turning point of the bitcoin community going from bull (or closet bull) to bear.

We'll also get to see if the same dynamics which drove a positive feedback loop of price/difficulty during the rocket ride up are also going to work in reverse.  We're less than a buck or so price swing from very, very exciting times for many.

The long awaited capitulation may soon be at hand.  Good thing, I'm so tired of beating the "sell" drum over the past 4 months, I am more than ready to be a bull again.


Blah blah blah Bitcoin is for sharing as a tool. Stop trading it for other tools and fucking use it.

Nobody use it because it is USELESS internet fairy money that speculators make it look like it was worth 30$ but now the real price of it is going to be shown ! that is <1$. My bet is 0.1 USD before 1 december.
grod
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October 08, 2011, 07:21:57 PM
 #18


Blah blah blah Bitcoin is for sharing as a tool. Stop trading it for other tools and fucking use it.

I am.  I send it to people willing to share dollars.  I trade those dollars for power, hardware and beer in order to support the network.

Once the power company, newegg/Amazon/Microcenter and my local liquor store are willing to take bitcoins instead of dollars I'll be able to reduce the number of tools used, but not before.

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