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Author Topic: About to hit $3 again... what now, Proudhoun???? (n/t)  (Read 4487 times)
ElectricMucus
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November 30, 2011, 09:35:45 PM
 #21

Battle over 3.10 is beginning.
oh wow.

Any bets where it's gonna end?

My guess is close to 5 before we go back to 3 again.
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ineededausername
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November 30, 2011, 09:36:58 PM
 #22

I'm canceling my limit orders!

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November 30, 2011, 09:39:26 PM
 #23

Battle over 3.10 is beginning.
oh wow.

Any bets where it's gonna end?

My guess is close to 5 before we go back to 3 again.

So sorta like how gas shoots up and everyone gets mad, then drops back halfway and everyone beleives that that is a value?

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 30, 2011, 09:39:32 PM
 #24

If it breaks above $4, the mid-term outlook will officially be "up"

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November 30, 2011, 09:41:15 PM
 #25

Merry buy useless crap for each other!

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November 30, 2011, 09:41:38 PM
 #26

We won't see $3 today and probably not ever again, at least not for any significant amount of time.  Too many people want out of bitcoin, not enough want in.  It's obvious where this ship is headed.

At least he got the third sentence correct.
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November 30, 2011, 09:41:59 PM
 #27

We're so far over Nagle's Bear Line that even he has to admit his mistake now.

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November 30, 2011, 09:42:58 PM
 #28

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November 30, 2011, 09:43:07 PM
 #29

If it breaks $4, I'll be able to sleep for the first time in months!  Cheesy

Oh! And, we have had support at $3... I don't know what happened to it!  Huh

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November 30, 2011, 09:43:54 PM
 #30

Battle over 3.10 is beginning.
oh wow.

Any bets where it's gonna end?

My guess is close to 5 before we go back to 3 again.

So sorta like how gas shoots up and everyone gets mad, then drops back halfway and everyone beleives that that is a value?

Well yes, I say this because there are lots of coins hold back by miners who were unprofitable during recent times. That figures may be a little extreme, but I'd expect similar things to happen at least if its not gonna get smacked down again right now/in the next day or two.
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November 30, 2011, 09:44:23 PM
 #31

We won't see $3 today and probably not ever again, at least not for any significant amount of time.  Too many people want out of bitcoin, not enough want in.  It's obvious where this ship is headed.

At least he got the third sentence correct.

Hyeh... +1

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November 30, 2011, 09:45:11 PM
 #32

3 on tradehill too!

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November 30, 2011, 09:45:59 PM
 #33

Feh... it's almost pitiful that we're getting excited over $3 per.  I'm still sad that we dropped below $17 Sad

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November 30, 2011, 09:47:38 PM
 #34

I think now would be the time to sell all the BTC I bought at $2.09?

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November 30, 2011, 09:48:45 PM
 #35

Not worried about this movement in the least.  This is going to be very temporary.  Just watch, the march downward will resume, I don't think there's any question about that.
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November 30, 2011, 09:50:08 PM
 #36

Not worried about this movement in the least.  This is going to be very temporary.  Just watch, the march downward will resume, I don't think there's any question about that.

Moving the goalposts. What happened to your prediction of a reversal at $3?

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November 30, 2011, 09:51:30 PM
 #37

$3 is the new floor. I think it is probably going to take a lot to get it below that.

Lose your shorts on your shorts there proudhon?
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November 30, 2011, 09:55:05 PM
 #38

Not worried about this movement in the least.  This is going to be very temporary.  Just watch, the march downward will resume, I don't think there's any question about that.


Fun Fact: Proudhon is in denial.


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November 30, 2011, 09:56:20 PM
 #39

Not worried about this movement in the least.  This is going to be very temporary.  Just watch, the march downward will resume, I don't think there's any question about that.

I question that, and apparently so does the market.  It is literally impossible for the market price to go over $3 if there was no question that it should be lower.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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November 30, 2011, 09:56:40 PM
 #40

It's $3, but many markets are updating and giving new features Wink

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