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Author Topic: May be the reason that bitcoin price boomed today  (Read 2233 times)
Kashim
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May 22, 2014, 01:55:19 PM
 #21

now its time for "to tha moon"
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yatsey87
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May 22, 2014, 01:55:38 PM
 #22

It hardly 'boomed'. It's a shame the price fluctuates so much but I'm glad it's going in the right direction now. We haven't had much good news or luck with the price this year. It just seems to have kept falling and settled at a relative low.
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May 22, 2014, 01:56:18 PM
 #23

Bitcoin doesnt go to the moon. That's just for doge fanboys.
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May 22, 2014, 01:57:42 PM
 #24

Two graphs come to mind when I think about this.  The first one is the "stepped" increase over long periods of time.  The other was the slow decline charted.  I believe the declining graph was accurate up until now.  I think we'll likely never see prices at or below where we've been the last few weeks.  Stabilizing at around 420-430 for several weeks was a good thing IMO.

My apologies for not having links to the charts.  They are somewhere in this forum.

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May 22, 2014, 01:58:22 PM
 #25

It hardly 'boomed'. It's a shame the price fluctuates so much but I'm glad it's going in the right direction now. We haven't had much good news or luck with the price this year. It just seems to have kept falling and settled at a relative low.

There was ton's of good news.  It was just a Bear market where good news is under-hyped and bad news was over-hyped.

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May 22, 2014, 02:12:14 PM
 #26

I think the buyers feel like a solid base has formed so not as much risk to buy here.  It oucld go back tot he base but they assume it won't go lower.  It doesn't take too much relatively speaking to move this market.
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