NamelessOne
Legendary
 Offline
Activity: 840
Merit: 1000
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January 02, 2012, 02:49:20 PM |
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Nothing more than an expected correction. This will happen many times on the way up, and it seems clear that we are on the way up. Many of these sellers and panic sellers may very well be facepalming themselves when the price goes higher than what they sold at.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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ineededausername (OP)
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January 02, 2012, 03:32:33 PM |
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Nothing more than an expected correction. This will happen many times on the way up, and it seems clear that we are on the way up. Many of these sellers and panic sellers may very well be facepalming themselves when the price goes higher than what they sold at.
This^ +1. |
(BFL)^2 < 0
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 02, 2012, 04:27:55 PM |
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nice recovery, huh?
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anu
Legendary
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Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
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January 02, 2012, 07:23:18 PM |
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Can anyone explain these spikes? Why is someone pushing the price down in a spike when he could clearly have sold everything at >5.1 if he had done so in 4 or 6 tranches of less than 5000 instead of one of 20K? It's not even manipulative - the price just bounced back like a rubber ball. That guy just gave away $2000 or so.
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RyNinDaCleM
Legendary
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Activity: 2408
Merit: 1009
Legen -wait for it- dary
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January 02, 2012, 07:29:12 PM |
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It was a "GMO" move for $100k! He wasn't concerned about a few G's of slippage.
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RandyFolds
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January 02, 2012, 07:50:52 PM |
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I'd like to thank whoever just sold. Gave me a chance to buy a few more coins at low prices.
I think you are confused about prices. 250%+ above a month ago is not exactly low... |
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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January 02, 2012, 07:53:53 PM |
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Can anyone explain these spikes? Why is someone pushing the price down in a spike when he could clearly have sold everything at >5.1 if he had done so in 4 or 6 tranches of less than 5000 instead of one of 20K? It's not even manipulative - the price just bounced back like a rubber ball. That guy just gave away $2000 or so.
thats Bullish. |
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deepceleron
Legendary
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Activity: 1512
Merit: 1025
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January 03, 2012, 01:47:46 AM |
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Where are you guys getting this 20k sold thing I've seen in several posts? Looks a lot more like a 9600 bitcoin sale to me (or a $50,000 profit taking, if that's what you are looking at). Then the bushes were beaten.  |
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anu
Legendary
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Activity: 1218
Merit: 1001
RepuX - Enterprise Blockchain Protocol
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January 03, 2012, 09:23:23 AM |
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Where are you guys getting this 20k sold thing I've seen in several posts? Looks a lot more like a 9600 bitcoin sale to me (or a $50,000 profit taking, if that's what you are looking at). Then the bushes were beaten.
You're right. My apologize for posting before looking at the data properly. |
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arepo
Sr. Member
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Activity: 448
Merit: 250
this statement is false
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January 10, 2012, 07:16:19 PM |
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I wouldn't sell yet, there will be plenty of dumpers on the way up. Can't get nervous every time someone gets out. Don't be a wuss.
remember this dump? and now 5.15 BTC are hella cheap. BB is right, there will be plenty of people itching to get out and cut losses from the crash on the way up. this is good: it will prevent another bubble from forming. but the uptrend will continue. |
this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
18N9md2G1oA89kdBuiyJFrtJShuL5iDWDz
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StewartJ
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January 10, 2012, 07:19:24 PM |
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I wouldn't sell yet, there will be plenty of dumpers on the way up. Can't get nervous every time someone gets out. Don't be a wuss.
remember this dump? and now 5.15 BTC are hella cheap. BB is right, there will be plenty of people itching to get out and the cut losses from the crash on the way up. this is good: it will prevent another bubble from forming. but the uptrend will continue. +1 |
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