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Author Topic: Bitcoin about to TAKE OFF!!!  (Read 3951 times)
Elwar
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January 25, 2012, 02:47:14 PM
 #1

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.



You heard it here first.

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alan2here
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January 25, 2012, 02:56:37 PM
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You'r at least 99?
Elwar
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January 25, 2012, 02:59:46 PM
 #3

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.

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barbarousrelic
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January 25, 2012, 03:06:00 PM
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Though most will not understand the dynamics of what this chart shows, those that do will be blown away.

Most will not be intelligent enough to see the Emporer's clothes. Those that do will see how incredible they are!

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
ThomasV
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January 25, 2012, 03:06:17 PM
 #5

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.
indeed, I can recognize the hand of a 6 month old in your chart.

Electrum: the convenience of a web wallet, without the risks
waspoza
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January 25, 2012, 03:08:04 PM
 #6

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.



You heard it here first.

Sounds legit.
alan2here
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January 25, 2012, 03:11:43 PM
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How did all thease people agree on the future price?
cbeast
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Let's talk governance, lipstick, and pigs.


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January 25, 2012, 03:43:08 PM
 #8

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.
indeed, I can recognize the hand of a 6 month old in your chart.


Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
zby
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January 25, 2012, 03:44:05 PM
 #9

Posts that try to be funny but fail miserably are a bearish sign.
Piper67
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January 25, 2012, 03:49:18 PM
 #10

Posts that try to be funny but fail miserably are a bearish sign.

Posts that point out bearish signs are a bullish sign :-)
memvola
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January 25, 2012, 03:51:29 PM
 #11

Posts that try to be funny but fail miserably are a bearish sign.

+1 Cheesy

Low volume is always a bearish sign in these early stages IMO. The fact that the exchange rate isn't declining more rapidly means most investors are bullish long term. But we are still waiting for mainstream adoption and that will not happen to a satisfactory degree for years. There are however people like me who always buy on the way down, so I don't think there will be extreme instability even though the volume is low. By extreme, I mean in Bitcoin norms of course. Smiley Either way, I'm positive that the market is getting healthier with each crash, so I'm long ftw.
Dutch Merganser
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January 25, 2012, 03:56:28 PM
 #12

You'r at least 99?

Perhaps I should have been more clear. That is a combined years experience.

178 people with .5 years experience.

That is a lot of experience though.
indeed, I can recognize the hand of a 6 month old in your chart.



The kid in the front, that's the one I'd like to see on the tines of pitchfork. That ad campaign has forever changed my feelings about infanticide  Grin

"Science flies you to the Moon, religion flies you into buildings."
 - Victor Stenger

"Religion is regarded by the common people as true, by the wise as false, and the rulers as useful."
 - Seneca the Elder (ca. 54 BCE - ca. 39 CE) Roman rhetorician
StewartJ
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January 25, 2012, 04:45:22 PM
 #13

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.



You heard it here first.


Well, since you brought the 2 month chart to our attention, I would like to point out a little history:

- In the month of December, very incrementally, the price gradually rose up from $2.80 to $4.00
- In the 1st week of January, on heavy volume, the price rallied from low $4s to $7.00
- The following 10 days, we repeatedly rallied from low/mid $6s to just under $7.20, on high volume
- We crashed on Jan 18
- After slight bounce up from Smack-Down, we've dwindled to low $6s on very little volume

Whether because of manipulation, Bitcoinica, or just sheer rally-driven exuberance, seems evident that
were now reeling from from a bubble.  Some feel that we have more price correcting to do; I have to agree.

To think that now we are going to rally up to $12 in February, after what we've just gone through, I just
don't see it.

barbarousrelic
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January 25, 2012, 07:17:38 PM
 #14

Posting in an epic thread.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
buck92
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January 25, 2012, 07:18:56 PM
 #15

OP is an idiot, please stop these threads.
zby
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January 25, 2012, 07:22:43 PM
 #16

So who now does not believe that threads like this are a bearish sign?
Sargasm
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January 25, 2012, 07:31:01 PM
 #17

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.



You heard it here first.

BUY BITCHES!!
Sargasm
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January 25, 2012, 07:31:29 PM
 #18

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.
StewartJ
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January 25, 2012, 07:34:12 PM
 #19

So who now does not believe that threads like this are a bearish sign?

Finally an indicator that works.

Sarcasm.

I can't believe you would write off 89 years of experience...
Qoheleth
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January 25, 2012, 07:38:53 PM
 #20

Careful analysis and 89 years of experience leads me to believe that Bitcoin is about to go through the roof.

Though most will not understand the dynamics of what this chart shows, those that do will be blown away.



You heard it here first.


Well, since you brought the 2 month chart to our attention, I would like to point out a little history:

- In the month of December, very incrementally, the price gradually rose up from $2.80 to $4.00
- In the 1st week of January, on heavy volume, the price rallied from low $4s to $7.00
- The following 10 days, we repeatedly rallied from low/mid $6s to just under $7.20, on high volume
- We crashed on Jan 18
- After slight bounce up from Smack-Down, we've dwindled to low $6s on very little volume

Whether because of manipulation, Bitcoinica, or just sheer rally-driven exuberance, seems evident that
were now reeling from from a bubble.  Some feel that we have more price correcting to do; I have to agree.

To think that now we are going to rally up to $12 in February, after what we've just gone through, I just
don't see it.



If there is something that will make Bitcoin succeed, it is growth of utility - greater quantity and variety of goods and services offered for BTC. If there is something that will make Bitcoin fail, it is the culture of naive fools and conmen, the former convinced that BTC is a magic box that will turn them into millionaires, and the latter arriving by the busload to devour them.
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