proudhon
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Activity: 2198
Merit: 1311
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May 18, 2012, 02:01:48 AM |
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Time cycles come and go, and if they are correct too often, this is typically the time when it does not work any more.
I bet it works this weekend.
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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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notme
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Activity: 1904
Merit: 1002
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May 18, 2012, 02:18:54 AM |
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Time cycles come and go, and if they are correct too often, this is typically the time when it does not work any more.
I bet it works this weekend. Someone just spent over $76k to disagree with you.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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May 18, 2012, 02:28:32 AM |
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Time cycles come and go, and if they are correct too often, this is typically the time when it does not work any more.
I bet it works this weekend. Someone just spent over $76k to disagree with you. People have made costlier mistakes.
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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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notme
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Activity: 1904
Merit: 1002
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May 18, 2012, 02:55:49 AM |
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Time cycles come and go, and if they are correct too often, this is typically the time when it does not work any more.
I bet it works this weekend. Someone just spent over $76k to disagree with you. People have made costlier mistakes. I'm not disagreeing with you. It's likely just a long term investor who doesn't give a shit what happens this weekend. In a year they should be sitting on a nice profit. It's just the timing was ironic. It was within minutes of your post.
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proudhon
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Activity: 2198
Merit: 1311
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May 19, 2012, 02:02:15 AM |
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So, while we're all waiting around for something to happen...Anyone else have a few bitcoins for sale at ridiculous prices on MtGox or anywhere else just in case some crazy ass billionaire does something, eh, crazy?
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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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S3052
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Activity: 2100
Merit: 1000
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May 19, 2012, 11:30:03 AM |
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Time cycles come and go, and if they are correct too often, this is typically the time when it does not work any more.
I bet it works this weekend. Someone just spent over $76k to disagree with you. People have made costlier mistakes. I'm not disagreeing with you. It's likely just a long term investor who doesn't give a shit what happens this weekend. In a year they should be sitting on a nice profit. It's just the timing was ironic. It was within minutes of your post. +1. I agree with you: Just one investor could easily break resistance at 5.15 - 5.20 $ with 100 k$ and then the market moves... Just look at what happened in Dec 2010 / Jan 2011. I watched this live. There seemed to be big resistance but a big investor (I knew the guy) bought all coins just a little below 0.3 $ and then pushed it above that level.
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proudhon
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Activity: 2198
Merit: 1311
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May 19, 2012, 04:58:51 PM |
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I bet we go under $5 again.
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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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Crypt_Current
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May 19, 2012, 06:27:39 PM |
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I bet we go under $5 again.
How much you putting up on that bet?
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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May 20, 2012, 01:23:42 AM |
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I bet we go under $5 again.
How much you putting up on that bet? Not telling.
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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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S3052
Legendary
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Activity: 2100
Merit: 1000
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May 20, 2012, 08:25:18 AM |
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no weekend dip this weekend
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Crypt_Current
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May 20, 2012, 09:03:21 AM |
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no weekend dip this weekend
Should I buy now? I had put 90% in USD in anticipation of a dip...
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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May 20, 2012, 10:02:08 AM |
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no weekend dip this weekend
Should I buy now? I had put 90% in USD in anticipation of a dip... Tough call. The exchange rate is creeping up, so buying back now would cause like a 2.0 or 2.5% loss, including fees versus having stayed long. At the same time, the Bitcoinica claims could start getting sent out. That is the event that has the potential to send a bunch of bitcoins to the market. Of course, looking at the blockchain volume, there are reasons there that might convince speculators to enter or add to their positions.
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Stephen Gornick
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Activity: 2506
Merit: 1010
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May 24, 2012, 08:22:53 AM |
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So, the weekend dip indicator is NOT flashing green (previous 7 day high is above the prior 7-day period's high). Thus the strategy doesn't sugget any specific course of action to take.
Last week the bitcoins sold at $5.055 when following the weekend dip strategy were never bought back. Thus if there happens to be a selloff, cash is waiting at various levels under $5.
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Raize
Donator
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Activity: 1419
Merit: 1015
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May 24, 2012, 04:59:04 PM |
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I think it is entirely possible that this weekend might be the one to put the weekend dip myth to rest forever. It doesn't look like Bitcoinica's MtGox bot has purchased enough coin to properly do the refunds. I'm just speculating of course, but I'm doing it in the right forum.
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Stephen Gornick
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Activity: 2506
Merit: 1010
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May 24, 2012, 07:25:58 PM |
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I think it is entirely possible that this weekend might be the one to put the weekend dip myth to rest forever. It doesn't look like Bitcoinica's MtGox bot has purchased enough coin to properly do the refunds. I'm just speculating of course, but I'm doing it in the right forum.
Ya, there are a lot of funds held by shorts locked up. So there may be a rally with the buying, and a selloff once the refunds start arriving. Or not. Who knows.
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Stephen Gornick
Legendary
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Activity: 2506
Merit: 1010
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June 07, 2012, 06:54:17 AM |
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Weekend dip indicator- off Definitely not looking like a selloff (which would be when the current week's high for the 7-day period is lower than the previous week's 7-day high). So the indicator won't give any help this week with a signal, third one in a row that it didn't apply. - http://bitcoincharts.com/charts/mtgoxUSD#rg10zczsg2012-05-12zeg2012-06-07ztgSzm1g10zm2g25Again, this doesn't mean there won't be a selloff, just that the indicator isn't flashing green. When it does flash green, there's a greater than 50% chance, historically, of there being profit by selling Wednesday evening (west) / Thursday (east) and buying back over the weekend as the prices start to rise following a selloff. Maybe next week.
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Kupsi
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Activity: 1193
Merit: 1003
9.9.2012: I predict that single digits... <- FAIL
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June 15, 2012, 07:19:10 PM |
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Will we see a dip this weekend?
My guess is a dip down to $5.70, and back to > $6.00 on monday.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 15, 2012, 07:24:00 PM |
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Will we see a dip this weekend?
My guess is a dip down to $5.70, and back to > $6.00 on monday.
I wouldn't count on it this a good time for miners to sell off coins, not a good time to try and back back lower.
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proudhon
Legendary
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Activity: 2198
Merit: 1311
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June 15, 2012, 07:28:34 PM |
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Will we see a dip this weekend?
My guess is a dip down to $5.70, and back to > $6.00 on monday.
I wouldn't count on it this a good time for miners to sell off coins, not a good time to try and back back lower. I'm going to get $500 or $600 ready for a dip. I'll probably put bids in a ~$5.50, just in case, and work my way up as that looks less and less likely. I don't mind chasing the price a bit, if I have to.
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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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humanitee
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July 14, 2012, 01:27:45 AM |
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Alright everyone, weigh in. Dip this weekend?
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