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bitcoinsrus (OP)
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April 22, 2014, 03:48:07 PM
Last edit: April 23, 2014, 07:04:21 PM by bitcoinsrus |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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njcarlos
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April 22, 2014, 04:19:48 PM |
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We were at $350 like, 2 weeks ago. You have a short memory.
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Jr65
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April 22, 2014, 05:07:24 PM |
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Well, since you "think" that, I feel very comforted. "Something has to give." What does that even mean?Why does something have to give? Please explain. Brilliant analysis!
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MatTheCat
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April 22, 2014, 05:29:50 PM |
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Well, since you "think" that, I feel very comforted. "Something has to give." What does that even mean?Why does something have to give? Please explain. Brilliant analysis!
I dunno. We have had a lot of downside and there seems to be a lot of belief around that the bottom is in. I don't believe that the bottom is in and I don't believe that there is any new money coming to Bitcoin. On the contrary, I believe that money is leaving Bitcoin, but given the right conditions, I could see another engineered price spike enticing those in who are still on borderline 'before they miss out'. I aint betting on it, but it wouldnt surprise me if it happened. |
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bitsire
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April 22, 2014, 06:32:00 PM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
Either we stay in the 490-510 range or we start to move up. I believe the worst from China has past and the bottom is already in. Given the state of the world, there is always the chance that some sort of confiscation a la Cyprus could send Bitcoin soaring again. |
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boumalo
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April 22, 2014, 08:46:08 PM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
Either we stay in the 490-510 range or we start to move up. I believe the worst from China has past and the bottom is already in. Given the state of the world, there is always the chance that some sort of confiscation a la Cyprus could send Bitcoin soaring again. I agree with you, the economic storm that will it the western financial world and the US&UK&France unfunded liabilities will send the price well into the 3digits Maybe we will have one or two crashes before but maybe not |
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T.Stuart
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April 22, 2014, 08:51:41 PM |
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I agree with you, the economic storm that will it the western financial world and the US&UK&France unfunded liabilities will send the price well into the 3digits
Maybe we will have one or two crashes before but maybe not
We are right in the middle of that now aren't we?  |
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Wilhelm
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April 22, 2014, 08:52:21 PM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
Either we stay in the 490-510 range or we start to move up. I believe the worst from China has past and the bottom is already in. Given the state of the world, there is always the chance that some sort of confiscation a la Cyprus could send Bitcoin soaring again. I agree with you, the economic storm that will it the western financial world and the US&UK&France unfunded liabilities will send the price well into the 3digits Maybe we will have one or two crashes before but maybe not What's the western financial world in your statement "the western financial world and the US&UK&France"? Mexico? |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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the joint
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April 22, 2014, 08:52:33 PM |
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I believe a nice way to conceptualize the current state of the market is to understand the difference between 'perception' and 'reality'.
The 'perception' lately is that Bitcoin has been under attack and is running into obstacle after obstacle, setback after setback. This is most notably reflected in recent news stories about China and Mt. Gox, the IRS tax ruling, etc.
The 'reality' is that there has been a steady level of growth on all fronts in recent months -- new users are using, new businesses are accepting, new infrastructure is developing, and new investors are investing.
When perception catches up to reality, up we go.
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wormbog
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April 22, 2014, 09:01:47 PM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
We are down .92% in the last 24 hours (as of this writing). Projecting that forward bitcoin will be worthless in a little over a year. Pretty grim stuff. Sorry everyone. |
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redwhite037
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April 23, 2014, 12:43:55 AM |
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The flight to 600-level will probably be sparked by another dip, maybe to 450-ish. But overall, yeah I agree, bitcoin is probably going up from here, shortly.
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fr33d0miz3r
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April 23, 2014, 12:46:23 AM |
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I think we are up from here.  |
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Bit_Happy
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A Great Time to Start Something!
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April 23, 2014, 12:49:00 AM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
Either we stay in the 490-510 range or we start to move up. I believe the worst from China has past and the bottom is already in. Given the state of the world, there is always the chance that some sort of confiscation a la Cyprus could send Bitcoin soaring again. I agree with you, the economic storm that will it the western financial world and the US&UK&France unfunded liabilities will send the price well into the 3digits Maybe we will have one or two crashes before but maybe not At this point a continued up-trend is much more likely than under $330. ...will send the price well into the 3digits.Was that a typo, I think you intended to say 4 digits, or 5?  |
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boumalo
Legendary
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Activity: 1904
Merit: 1018
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April 23, 2014, 01:10:55 PM |
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I believe that regardless of this 490-510 back and forth, shortly (1-3 weeks) we will be up.
I don't have any fancy graphs or any thing like that. Just watching and I think something has to give. The FUD has not caused us to sub 450 in recent memory so its losing its ammo.
What do you all think? Up in a few weeks? Down or staying in the 490-510 range?
Either we stay in the 490-510 range or we start to move up. I believe the worst from China has past and the bottom is already in. Given the state of the world, there is always the chance that some sort of confiscation a la Cyprus could send Bitcoin soaring again. I agree with you, the economic storm that will it the western financial world and the US&UK&France unfunded liabilities will send the price well into the 3digits Maybe we will have one or two crashes before but maybe not At this point a continued up-trend is much more likely than under $330. ...will send the price well into the 3digits.Was that a typo, I think you intended to say 4 digits, or 5? I wanted to say 4digits obv I am talking about the US and Europe when I talk about the western world; I don't know how Japan or other rich countries will be affected and I don't know if the USD will collapse before or after the EU debt problem comes back in the news but if I had to guess I would say the USD will collapse before the EU monetizes its debt or restructured it |
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spazzdla
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April 23, 2014, 01:15:59 PM |
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Over the past 4 months this is the first time it came back to it's start price after it "crashed". I think that is something to note.
1200 > 700 back to 900
900 > 600 back to 700
700> 450 back to 600
600 > 400 back to 500
500 > 350 back to 500
Something to note IMO.
These are really rough numbers but the idea is all that matters.
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gagalady
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April 23, 2014, 02:28:21 PM |
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Over the past 4 months this is the first time it came back to it's start price after it "crashed". I think that is something to note.
1200 > 700 back to 900
900 > 600 back to 700
700> 450 back to 600
600 > 400 back to 500
500 > 350 back to 500
Something to note IMO.
These are really rough numbers but the idea is all that matters.
This doesn't look good. But people should still hold their Bitcoins, win or lose. |
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njcarlos
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April 23, 2014, 02:29:45 PM |
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But people should still hold their Bitcoins, win or lose.
Wtf? Haha |
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boumalo
Legendary
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Activity: 1904
Merit: 1018
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April 23, 2014, 03:07:25 PM |
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Over the past 4 months this is the first time it came back to it's start price after it "crashed". I think that is something to note.
1200 > 700 back to 900
900 > 600 back to 700
700> 450 back to 600
600 > 400 back to 500
500 > 350 back to 500
Something to note IMO.
These are really rough numbers but the idea is all that matters.
There is a pattern but some argue that when it comes back to 900,700 ect. it is a bull trap since it still goes down after Next 500>290>3500? or 500>290>420>.. |
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