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Author Topic: Are we starting a bull run?  (Read 6148 times)
jcoin200
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May 09, 2014, 03:49:30 PM
 #1

Seems like a lot of negative news has settled, as well as the price.  I've heard about US based exchanges starting up and other things like the feds allowing political contributions in BTC.

http://www.usatoday.com/story/news/politics/2014/05/08/fec-approves-donations-in-bitcoin/8857603/

Does all this add up to a soon coming bull run?  Thoughts?
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May 09, 2014, 03:54:20 PM
 #2

What I've noticed is in the past 4 days there has been a sudden action driven entirely by China, which started immediately following the 'joint exchange announcement'. So either China thinks everything is going to be ok or there is some kind of leveraged short covering before they cease margin trading. In either case, given the Chinese nature of it, I don't really trust it to end up turning into anything long term.
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May 09, 2014, 04:35:23 PM
 #3

Not yet. Nothing to indicate we are even remotely close to one.

Personally I think, not backed by any analysis, that this year is going to be slow.
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May 09, 2014, 04:45:54 PM
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Personally I think, not backed by any analysis, that this year is going to be slow.

A slow moving is really bad, speculators may get tired and leave  Huh
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May 09, 2014, 05:14:55 PM
 #5

Time will tell

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May 09, 2014, 05:24:50 PM
 #6

Seems like a lot of negative news has settled, as well as the price.  I've heard about US based exchanges starting up and other things like the feds allowing political contributions in BTC.

http://www.usatoday.com/story/news/politics/2014/05/08/fec-approves-donations-in-bitcoin/8857603/

Does all this add up to a soon coming bull run?  Thoughts?

I think so. As 4chan would say, the summerfags are coming! Also, lots of positive news lately (MIT, VC investment, political donations) and people who first heard about it a few months ago have had time to see it perform relatively stably. Anecdotally, I've seen more people in Philadelphia interested in acquiring bitcoin lately.

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Kupsi
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May 09, 2014, 05:33:31 PM
 #7

Personally I think, not backed by any analysis, that this year is going to be slow.

A slow moving is really bad, speculators may get tired and leave  Huh

Slow is good, but it will accelerate thru this summer.
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May 09, 2014, 05:38:29 PM
 #8

Slow is good, but it will accelerate thru this summer.

I guess that accelerating speed gonna be really slow  Roll Eyes
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May 09, 2014, 05:59:49 PM
 #9

Seems like a lot of negative news has settled, as well as the price.  I've heard about US based exchanges starting up and other things like the feds allowing political contributions in BTC.

http://www.usatoday.com/story/news/politics/2014/05/08/fec-approves-donations-in-bitcoin/8857603/

Does all this add up to a soon coming bull run?  Thoughts?
Yes

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May 09, 2014, 06:48:28 PM
 #10

id say it has to pass 466 and also dip ( no lower than the 420 technical indicator ) to say that its trending up
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May 09, 2014, 07:17:27 PM
 #11

Something defiantly is happening behind the scenes. Specially on the feathercoin forum.

Selling fully funded Titan BTC Physical Bitcoins, Gold and SIlver - BTC Physical Bitcoins BTC PM if interested.
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May 09, 2014, 07:22:49 PM
 #12

I'm not sute about BTC but GooG is inflated (loads of fake promises)  ... I will sell that shi5

http://www.introversion.co.uk/
mit/x11 licence 18.x/16|o|3ffe ::71
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May 09, 2014, 07:22:56 PM
 #13

yes, feathercoin _DEFIANTLY_ is the best...
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May 09, 2014, 08:01:02 PM
 #14

bear is over. +1 for bull. Broke out of channel last few days. Now sideways for a bit i think. Run up to 580usd can now happen any day i think. If we are then stable without much dumping in the 500s and 600s we will see 800 and 1000 very, very soon after that. Don't be left behind.

altcoin with very low inflation, active community, no premine, fair distro and secure network: exactly what you want to invest in? Support Unobtanium
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May 09, 2014, 08:16:13 PM
 #15

Rule of thirds will bring us to 466. It may stall if low volatility keeps us down in the Fifties at 450. If 466 doesn't hold then we'll stay sideways between Chinese magic 444 and rule of thirds 433. If it holds, then possible run up to the Chinese magic 555 before Western bears rule of thirds us back to 533, then back to Fifties level 500. Bitcoin speculation is ruled by magical thinking.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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May 09, 2014, 08:24:05 PM
 #16

Rule of thirds will bring us to 466. It may stall if low volatility keeps us down in the Fifties at 450. If 466 doesn't hold then we'll stay sideways between Chinese magic 444 and rule of thirds 433. If it holds, then possible run up to the Chinese magic 555 before Western bears rule of thirds us back to 533, then back to Fifties level 500. Bitcoin speculation is ruled by magical thinking.

The Chinese don't trade in US dollars.  But I remember 4444¥ being a sticking point.

1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
bitcoinsrus
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May 09, 2014, 08:26:01 PM
 #17

Rule of thirds will bring us to 466. It may stall if low volatility keeps us down in the Fifties at 450. If 466 doesn't hold then we'll stay sideways between Chinese magic 444 and rule of thirds 433. If it holds, then possible run up to the Chinese magic 555 before Western bears rule of thirds us back to 533, then back to Fifties level 500. Bitcoin speculation is ruled by magical thinking.

I seen 666 going steady for a while (months ago).  I think it means something  Sad
Wink
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May 09, 2014, 08:31:32 PM
 #18

Rule of thirds will bring us to 466. It may stall if low volatility keeps us down in the Fifties at 450. If 466 doesn't hold then we'll stay sideways between Chinese magic 444 and rule of thirds 433. If it holds, then possible run up to the Chinese magic 555 before Western bears rule of thirds us back to 533, then back to Fifties level 500. Bitcoin speculation is ruled by magical thinking.

I seen 666 going steady for a while (months ago).  I think it means something  Sad
Wink
Probably the same traders that like 420.

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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May 09, 2014, 11:03:23 PM
 #19

Even IF this was the reversal, why does everyone want to compare the recovery to the recovery in 2013? People are in a rush to make exact comparisons to the 2013 chart. "First itll go 600 for 3 weeks, then 800 for 3 weeks, then 1000, then the moon, bla bla bla".  Why? What makes 2013 so special? That was a completely different chart. The 1W EMAs were up. This time they are down.
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May 09, 2014, 11:39:20 PM
 #20

Even IF this was the reversal, why does everyone want to compare the recovery to the recovery in 2013? People are in a rush to make exact comparisons to the 2013 chart. "First itll go 600 for 3 weeks, then 800 for 3 weeks, then 1000, then the moon, bla bla bla".  Why? What makes 2013 so special? That was a completely different chart. The 1W EMAs were up. This time they are down.

Why not? because EMA is down?  Undecided
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