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keithers
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July 16, 2014, 03:29:57 AM
 #41

Dollar averaging solves 99% of your forecasting problems.  Smiley

True, so you basically should be incrementally buying now, if your dollar cost average is anywhere above where the price is at now...
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July 16, 2014, 03:33:29 AM
 #42

600s and going up soon, but if this bomb will explode first it needs to crash to 300s maybe less and then rise from the ashes and reach 1000s

And with everyone wanting coin this cheap, we will never see it happen.

True. It's the terrible disadvantage to how the markets correcting themselves.

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July 16, 2014, 04:12:24 AM
 #43

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

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July 16, 2014, 06:20:42 AM
 #44

That was the bottom looking back or was it 380
Either way right now that position is well into the green so it makes a good mark
Above the old High score but before the next rise although Bitcoin has been sideways for a while I think were in the long run to the next price rise 200 day trendlines etc.
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July 16, 2014, 04:55:33 PM
 #45

Dollar averaging solves 99% of your forecasting problems.  Smiley

True, so you basically should be incrementally buying now, if your dollar cost average is anywhere above where the price is at now...

It would be easier to stomach periodic buys right now if that were the case, but my dollar cost average is about $150 under the current price point.
keithers
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July 16, 2014, 06:15:34 PM
 #46

Dollar averaging solves 99% of your forecasting problems.  Smiley

True, so you basically should be incrementally buying now, if your dollar cost average is anywhere above where the price is at now...

It would be easier to stomach periodic buys right now if that were the case, but my dollar cost average is about $150 under the current price point.

That is a pretty good number that you are working with.   So if I were you, I would just continue to periodically add money to your BTC whenever you can...and then just hold onto the rest that you have.   Especially re-load if you spend your BTC.

Over the long term, the prices right now should be cheap, but we don't know what the future holds...
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July 17, 2014, 12:17:02 AM
 #47

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...
theonewhowaskazu
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July 17, 2014, 06:24:32 AM
 #48

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...

The next silk road auction?

Unless something gets all the coins back into the hands of the few, we could easily have to wait until the next halving... :/

Unless the whales have already been accumulating, that is.

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July 17, 2014, 07:13:56 AM
 #49

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...
maybe because theres another 140k coins left for the fbi to auction - until that is over dont expect bitcoin to bubble - and if it does it will come down before the next auction.
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July 17, 2014, 07:52:07 AM
 #50

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...
maybe because theres another 140k coins left for the fbi to auction - until that is over dont expect bitcoin to bubble - and if it does it will come down before the next auction.

If price will crash up or down, depends pretty much of the number of winners AND batch sizes. And batch sizes surely depend on price before the auction, they can't sell 10,000 BTC batches if the price is 10,000 USD.

So I'd say that the destination of the auctioned coins depends on the price.

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okthen
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July 17, 2014, 09:57:11 AM
 #51

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...

The next silk road auction?

Unless something gets all the coins back into the hands of the few, we could easily have to wait until the next halving... :/

Unless the whales have already been accumulating, that is.

Next auction won't come until DPR's trial finishes, and that might take a while.
I think some other event such as a ETF opening will happen before that. And before the next halving.
Swordsoffreedom
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July 17, 2014, 11:27:28 AM
 #52

I don't think we're ever going to see $500 again. Or at least, not below it.

I think we need a silk road event to have us crash to just about $500, whales buy up all the cheap coins, leaving no coins on market, then its bubble time.

I thought the same, and that that event would be the Silkroad auction (well, just before knowing the results anyway).
But with that gone, I don't see any news of sorts approaching, specially now that we're kind of China-Ban-Immune...

The next silk road auction?

Unless something gets all the coins back into the hands of the few, we could easily have to wait until the next halving... :/

Unless the whales have already been accumulating, that is.

Next auction won't come until DPR's trial finishes, and that might take a while.
I think some other event such as a ETF opening will happen before that. And before the next halving.

There is always the possibility that they are able to confiscate another drug exchanges coins
The amount would probably be far less significant but if they catch a few who knows we may see another auction.
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