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Author Topic: Is it tripple bottom?  (Read 4033 times)
ArsenShnurkov
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November 18, 2011, 10:40:10 PM
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2.04, <2 and ~2.04 now ?

If it is - then it is time to buy Smiley
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Crypt_Current
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November 18, 2011, 10:47:10 PM
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2.04, <2 and ~2.04 now ?

If it is - then it is time to buy Smiley

Not likely.  But yeah, go ahead and buy.

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ElectricMucus
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November 18, 2011, 10:47:38 PM
 #3

Yes there could be another fake rally ahead.  

Suckers, we need more suckers!!  Roll Eyes

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
M4v3R
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November 18, 2011, 10:48:51 PM
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It doesn't look like rally to me.

proudhon
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November 18, 2011, 10:54:53 PM
 #5

2.04, <2 and ~2.04 now ?

If it is - then it is time to buy Smiley

You first.
Edward50
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November 18, 2011, 10:55:40 PM
 #6

There will be some resistance around $2.00, Even with the manipulator trying to push it higher, he has failed. IT seems that the price will fall to about $1.00. I think that will be the bottom. Expect some bouncing, but each bounce is weaker and weaker.

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.
M4v3R
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November 18, 2011, 10:58:08 PM
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Btw, same thing happened in June - August period (it was longer though, but there was little panic back then) when $10 was tested several times:



Scenario we see now is nearly identical. It just bounced up to $2.15, but expect it to go down hard.
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November 18, 2011, 11:03:50 PM
 #8

If there is something you want that is being sold for bitcoins, then it is time to buy some bitcoins. Price does not matter much if you don't plan to hold them.

Odds are against you retaining the same purchasing power, however.  It'd be better to just buy what you want with dollars.  Your odds of retaining your purchasing power from the time you intend to buy something and the time you buy it are better with dollars (that's an understatement).
RyNinDaCleM
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November 18, 2011, 11:07:29 PM
 #9

If there is something you want that is being sold for bitcoins, then it is time to buy some bitcoins. Price does not matter much if you don't plan to hold them.
Heh! This reminds me of the Corsair TX850 I bought for 12.5BTC. Grin
It would be 70+ now.

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November 18, 2011, 11:28:45 PM
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The conference is close.
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November 18, 2011, 11:45:49 PM
 #11

2.04, <2 and ~2.04 now ?

If it is - then it is time to buy Smiley

Don't rely on technical analysis in this market. It is too small. Technical analysis only works when enough people are watching the same patterns. It si a self fulfilling prophecy.

If someone decides to buy large amount of bitcoins tomorrow the price will skyrocket. The same is true in the opposite direction.
Cluster2k
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November 19, 2011, 02:07:07 AM
 #12

I wouldn't worry about it too much.  This thing isn't falling below $2.

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mjcmurfy
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November 19, 2011, 02:13:13 AM
 #13

I wouldn't worry about it too much.  This thing isn't falling below $2.

It wouldn't seem so anyway. Too many people shouting and blabbing on this forum about how they were waiting for sub $2 prices.  Roll Eyes

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November 19, 2011, 02:18:17 AM
 #14

I wouldn't worry about it too much.  This thing isn't falling below $2.

What do you mean, worry? It's 3am and I'm only up in case there are more cheap coins to get. Sure I hold BTC, but their fate surely isn't decided today. Or do I look like I sell BTC below 2.5? Cheesy haha, that's a good one.

Unfortunately, that big player there jumped in already, and we're again not seeing any action below 2.
Cluster2k
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November 19, 2011, 02:30:58 AM
 #15

I wouldn't worry about it too much.  This thing isn't falling below $2.

What do you mean, worry? It's 3am and I'm only up in case there are more cheap coins to get. Sure I hold BTC, but their fate surely isn't decided today. Or do I look like I sell BTC below 2.5? Cheesy haha, that's a good one.

Unfortunately, that big player there jumped in already, and we're again not seeing any action below 2.

Many people post on these forums with something along the lines of: "Let bitcoin fall further to X, I'll just buy up all the cheap bitcoins".  The only problem is the poster assumes the price will go up from that point.  What if it keeps falling further and there's other people out there thinking 'let it fall even further, I'll buy all of them at price Y'.  Catching a falling knife, is the saying that comes to mind.

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gewure
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November 20, 2011, 01:59:14 AM
 #16

the "bottom" is called "manipulator" and YES that are freaking fake walls. ask nearly anyone in this forum: we saw the appear out of nowhere and we will see them disappear out of nowhere. buy now, loose ~20%.

but if you want to buy first, lets go! mr. M is happy to sell you some overpriced coins.  Sad
zby
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November 20, 2011, 08:59:27 AM
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Pretty suggestive isn't it?
notme
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November 20, 2011, 09:26:41 AM
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Pretty suggestive isn't it?

If it doesn't keep going up it might go down?

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
Jonathan Ryan Owens
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November 20, 2011, 09:46:06 AM
 #19

FTFY
[edit] FRANK SAYS HI

zby
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November 20, 2011, 11:40:52 AM
 #20

It's 2.37 now - so your prediction did not work.
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