ineededausername (OP)
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February 02, 2012, 01:25:09 AM |
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This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible.
The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.
Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.
Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.
Such a large move has happened before. It is possible.
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(BFL)^2 < 0
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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PatrickHarnett
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February 02, 2012, 01:30:23 AM |
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Quick - I'll sell you some at 7.20 so you can make a killing at 8.
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antares
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February 02, 2012, 02:00:47 AM |
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will do 7.19
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Jonathan Ryan Owens
Donator
Sr. Member
Offline
Activity: 392
Merit: 252
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February 02, 2012, 02:01:56 AM |
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6.03 5.85 6.30 6.80 6.65
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Crypt_Current
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February 02, 2012, 02:12:09 AM |
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will do 7.19
10 for $70 PLUS free shipping
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ineededausername (OP)
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February 02, 2012, 02:15:26 AM |
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6.03 5.85 6.30 6.80 6.65
The famous JRO 5-price prediction is back! Last time, he predicted an entire two weeks of prices, perfectly.
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(BFL)^2 < 0
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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February 02, 2012, 02:37:57 AM |
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highly plausible.
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Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
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February 02, 2012, 02:56:20 AM |
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The sudden surge to $6.20 helped me trade out of some losing positions for a mild profit. I quite liked this morning's sudden buying binge.
The one thing we do know about bitcoin is that it's impossible to predict (without insider knowledge) when a huge dump or price rise is coming. People like to claim they knew, after the fact.
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teflone
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February 02, 2012, 03:58:14 AM |
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6.03 5.85 6.30 6.80 6.65
The famous JRO 5-price prediction is back! Last time, he predicted an entire two weeks of prices, perfectly. Like fuck, hes right 1 outta 10 times.. His "predictions" are on bitcoinbullbear..
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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February 02, 2012, 04:19:13 AM |
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This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible.
The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.
Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.
Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.
Such a large move has happened before. It is possible.
But what if we get a quadruple ramp?
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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teflone
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February 02, 2012, 04:47:55 AM |
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This statement is an observation of what could happen. I am not predicting $8, but I'm saying that it's possible.
The norm in Bitcoin rallies recently has been double ramps, followed by coasting up to the next resistance level.
Intraday rallies in Bitcoin history: $3.2 -> $3.7, stagnate at $3.5, up to $4, coast to $4.5 past light ask resistance. $4.2 -> $4.6, stagnate at $4.5, up to $5, coast to $5.5 past light ask resistance. $4.9 -> $5.3, stagnate at $5.2, up to $6, coast to $7 past light ask resistance.
Next up? $5.5 -> $6.2, stagnate at $6, up to high $6 range after another big buy, coast to $7.2, then up to $8 after going past $7.2.
Such a large move has happened before. It is possible.
But what if we get a quadruple ramp? To infinity and beyond!
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SlaveInDebt
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February 02, 2012, 05:58:25 AM |
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We won't be seeing $8 till everyone gets their tax returns.
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"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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Cluster2k
Legendary
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Activity: 1692
Merit: 1018
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February 02, 2012, 06:12:33 AM |
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We won't be seeing $8 till everyone gets their tax returns.
That's true for some places (particularly the USA), but tax returns arrive at all times of the year depending on where a person lives. I got mine in October. en.wikipedia.org/wiki/Fiscal_year
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bracek
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February 02, 2012, 10:28:52 AM |
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But then there is that nobody-has-bought-enough-Bitcoin-lately-to-make-that-happen problem...
And besides that, what ramp? There was a single large purchase.
looks like we are stickin' it to each other at ever increasing prices win-win situation at it's finest
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BadBear
v2.0
Legendary
Offline
Activity: 1652
Merit: 1127
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February 02, 2012, 01:30:32 PM |
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Houston, Go or No Go for launch?
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waspoza
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February 02, 2012, 02:42:12 PM |
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Houston, Go or No Go for launch?
The Dude says no go.
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