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Author Topic: Could boring be good?  (Read 1171 times)
Sargasm
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January 25, 2012, 03:56:25 AM
 #1

I know that it's a lot more exciting to day trade with volatility... but if there is long term price stability in BTC, wouldn't that kind of help aide in it's adoption in the larger marketplace?

I mean... anyone counting on a BTC -> oz gold equivalency is going to need a shit freakin ton more value in the BTC economy to accomplish.
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ineededausername
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January 25, 2012, 04:07:22 AM
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This reminds me of the dreary week leading up to December 19, 2011.

Except there's no bullish wedge this time.

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January 25, 2012, 04:13:14 AM
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Boring is only good because it means something big is about to happen.

"A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain." - Mark Twain
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January 25, 2012, 04:14:24 AM
 #4

long term price stability in BTC
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Sargasm
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January 25, 2012, 04:17:47 AM
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Well... the bid price support has been increasing in a somewhat linear way.  Who knows if that means anything.
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January 25, 2012, 04:43:45 AM
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I used this time to move my standing buy orders WAY down.  If we spike up a dollar after this calm, I have other coins and I win.  If we spike down a dollar, I want more coins because I don't believe it will stay down for long.

Don't take this as advice.  I'm working with like $120.

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January 25, 2012, 05:04:35 AM
 #7

Short term no, long term yes

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StewartJ
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January 25, 2012, 04:00:50 PM
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I used this time to move my standing buy orders WAY down.  If we spike up a dollar after this calm, I have other coins and I win.  If we spike down a dollar, I want more coins because I don't believe it will stay down for long.

Don't take this as advice.  I'm working with like $120.

Yep, thinking along the same lines.

The way the +dollar crash / spikes have been happening, you could wake up to find your Buy orders filled with a 25% price increase.
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January 25, 2012, 08:09:32 PM
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I used this time to move my standing buy orders WAY down.  If we spike up a dollar after this calm, I have other coins and I win.  If we spike down a dollar, I want more coins because I don't believe it will stay down for long.

Don't take this as advice.  I'm working with like $120.

Yep, thinking along the same lines.

The way the +dollar crash / spikes have been happening, you could wake up to find your Buy orders filled with a 25% price increase.

I should have started a betting pool on how low the next knife would go.  The questions now are probably "When will it move back to the $6.20 range?" and "Will it overshoot on the way?".

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Sargasm
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January 25, 2012, 08:15:00 PM
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I learned a valuable lesson about shaking foundations and low volume.
StewartJ
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January 25, 2012, 08:28:11 PM
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I learned a valuable lesson about shaking foundations and low volume.

And in marine biology we learned about the Starfish....
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January 25, 2012, 08:42:14 PM
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