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Author Topic: Bull trap?  (Read 2338 times)
adamstgBit
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October 20, 2011, 02:00:54 AM
 #1

anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe

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ineededausername
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October 20, 2011, 02:04:34 AM
 #2

Yep, bull trap it is.  It'll go back down soon.  Smiley

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October 20, 2011, 08:36:38 AM
 #3

Yep, bull trap it is.  It'll go back down soon.  Smiley

Agree. Everybody thinks they are clever and going to strike gold on cheap Bitcoins, human egocentrism at it's best.

Everybody can't buy low and sell high, when all the sheep buy in the price will temporarily rise and these forums will flood with excitement, only for it to come crashing down even lower within the month.

Can't wait to profit off these clowns, did it before and will do it again Smiley
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October 20, 2011, 12:21:37 PM
 #4

So in other words, you're temporarily long and will sell into the next rally?
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October 20, 2011, 01:01:44 PM
 #5

anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe

Bull trap?  thats so yesterday.  todays play is the Bear Trap.
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March 26, 2013, 06:25:50 AM
 #6

It's a(nother) bear trap. We keep hitting ATHs.

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March 26, 2013, 07:16:57 AM
 #7

Yep, bull trap it is.  It'll go back down soon.  Smiley

Everybody can't buy low and sell high


Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?

Don't forget that these charts you're looking at reflect the process of bootstrapping the world's first decentralized truly global currency from absolutely nothing. You are NOT looking at the chart of a NYSE-traded equity that millions of people have been trading and modeling for years.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
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March 26, 2013, 07:31:49 AM
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Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?


You don't think 70 M people have heard about bitcoin?  I do.  That's 1%.

And maybe I'm optimistic - but I'd bet I'm a lot closer than 0.028%...

Dankedan: price seems low, time to sell I think...
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March 26, 2013, 07:48:35 AM
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Who's everybody? The 0.028% of the global population that currently knows about bitcoin? Kinda narrow, don't ya think?


You don't think 70 M people have heard about bitcoin?  I do.  That's 1%.

And maybe I'm optimistic - but I'd bet I'm a lot closer than 0.028%...


Maybe closer to 70M have heard of it in passing, but have no clue what it is, and won't even bother googling it until the 9th or 10th time they hear about it.

Bitcoin is the first monetary system to credibly offer perfect information to all economic participants.
But Bitcointalk & /r/bitcoin are heavily censored. bitco.in/forum, forum.bitcoin.com, and /r/btc are open.
Best info on Casascius coins: http://spotcoins.com/casascius
Vladimir
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March 26, 2013, 07:51:39 AM
 #10

The things will really change once people get routinely ridiculed by their peers for not using Bitcoin and saying various BS like Bitcoin is ponzi etc... you just wait.


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March 26, 2013, 08:13:34 AM
 #11

anyone see a bull trap on the charts?

or could it be we finally bought all of Bruce's coins and the price is free to float up now.. hehehe

it may fluctuate wildly though i think it will hold an exponential component for some time especially since money printing is the norm these days

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March 26, 2013, 08:57:39 AM
 #12

Some of you guys did not check the date of the OP?

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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March 26, 2013, 10:12:40 AM
 #13

Everything above $15 is a bull trap. 
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March 26, 2013, 10:28:25 AM
 #14

Some of you guys did not check the date of the OP?

Sorry... I just saw it in the forum and replied. Either I was on autopilot, or someone deleted the post above mine...

seldon
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March 26, 2013, 11:27:41 AM
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Nice vintage thread - fyi, price was 2.5$/btc back in oct 2011

Piper67
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March 26, 2013, 11:49:59 AM
 #16

Everything above $15 is a bull trap. 


Hmmm... someone's losing his spine. The old Proudhon would've said anything above $7 is a bull trap... he would've been just a wrong, but not quite as spineless.
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March 26, 2013, 11:53:23 AM
 #17

Everything above $15 is a bull trap. 

Why do you put yourself through all this pain?

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March 26, 2013, 01:41:43 PM
 #18

Nice necro thread....   who else remembers it from the first time around?  lol

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ineededausername
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March 26, 2013, 01:52:30 PM
 #19

Yep, bull trap it is.  It'll go back down soon.  Smiley

well, good thing I didn't actually sell...

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March 26, 2013, 02:42:31 PM
 #20

Everything above $15 is a bull trap. 

 Shocked before you said we were going to single digits... proudhon is getting slowly bullish, that only means we're near the top!
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