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Author Topic: I think it is safe bet to BUY bitcoins now. My speculation.  (Read 6370 times)
BadBear
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February 14, 2012, 01:34:08 PM
 #41

I had my bids at 4.40-4.50 to catch spikes overnight.  So looks like I'm back in, I wouldn't buy (much)now if it weren't for that though. I expect it will rally back to 5 soon, and we'll see where it goes from there.

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February 14, 2012, 07:13:21 PM
 #42

Yea banks are open again & I suspect there will be a few buyers eager to get some cheap bitcoins. Grin

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February 14, 2012, 08:34:09 PM
 #43

Still not safe to buy in. 4.8 held and now we're heading down again (4.55 atm). How far? Let's see Smiley.
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February 15, 2012, 12:15:28 AM
 #44

More downside? Why aren't rallies so aggressive too?

because it becomes more and more expensive to sustain them

this sentence has fifteen words, seventy-four letters, four commas, one hyphen, and a period.
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February 15, 2012, 04:30:00 AM
 #45

Still not safe to buy in. 4.8 held and now we're heading down again (4.55 atm). How far? Let's see Smiley.

Ive increased my position before I get starfished outa the game  Grin

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February 15, 2012, 11:09:22 AM
 #46

Talking about the starfish - I saw one on the BUY side yesterday.
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February 15, 2012, 11:31:49 AM
 #47

Talking about the starfish - I saw one on the BUY side yesterday.

Do you mean the sell side?  The star has been on the buy side for a week.

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February 15, 2012, 12:17:28 PM
 #48

Yep, and it returned on the buy side after the price went up to 4.8. It's gone now, but it's an indicator that many people are long now, more than people who are short.
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February 15, 2012, 12:21:40 PM
 #49

Yep, and it returned on the buy side after the price went up to 4.8. It's gone now, but it's an indicator that many people are long now, more than people who are short.

Couldn't this be a function of allowing people to deposit bitcoin and use it for leverage?  My guess is the majority of people fucking around on bitconica are doing it with bitcoin deposits, which means there's always plenty of BTC to use for shorts; but there's not as many people depositing dollars and so not a comparable amount of money to use for longs.  Does that make sense?
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February 15, 2012, 12:24:19 PM
 #50

Yes, it also can signal that there is more BTC than USD deposited in. BUT the starfish wouldn't come up unless there is considerable amount of positions in certain way, to deplete the other reserves (in this case, USD).

Either way, even if we should break to the upside now (which I currently find unlikely), the starfish will come up and stop the rally.
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February 15, 2012, 04:02:20 PM
 #51

The big conspiracy. Someone has a virtually unlimited amount of money, but is afraid of the price dropping below 5 USD because he loses money?

With all this entails... Yeah, I am pretty sure it's exactly like that!  Wink

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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February 15, 2012, 04:24:16 PM
 #52

It is a huge conspiracy. There is this one group of people that are well informed by the market but they have too many Bitcoins and not enough dollars we will call Longistan, then there is this other group of people that are also well informed by the market but they have too many dollars and not enough Bitcoins we can call Shortistan...

Longistan and Shortistan get on great together, but occasionally they gang up on WTFistan and take all their stuff.

lol
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February 15, 2012, 04:32:48 PM
 #53

It is a huge conspiracy. There is this one group of people that are well informed by the market but they have too many Bitcoins and not enough dollars we will call Longistan, then there is this other group of people that are also well informed by the market but they have too many dollars and not enough Bitcoins we can call Shortistan...

Longistan and Shortistan get on great together, but occasionally they gang up on WTFistan and take all their stuff.
Ha ha ha! It's an interesting idea. And an interesting herb!  Cheesy Cheesy Roll Eyes

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February 16, 2012, 06:55:16 AM
 #54

The 5.6 floor will not be broken!

No reason to really even put in a stop loss.



What could possibly go wrong  Grin

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February 24, 2012, 01:05:59 PM
 #55

I know I shouldn't be talking about this, but the world has got to know! I heard Longistan has infiltrated the Vatican. They have a huge top secret mining farm there!

The US is sending reconnaissance drones, but they can't see anything because it's all in their top secret underground bunker. Oh, oh and they are even trying to change the climate with a top secret super weapon so that the world freezes to cool their GPUs.

Overall they try to enslave the mankind by hypnotizing them with GPU fans that turn them into mindless zombies working in their Bitcoin mines.

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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February 24, 2012, 02:35:16 PM
 #56

I know I shouldn't be talking about this, but the world has got to know! I heard Longistan has infiltrated the Vatican. They have a huge top secret mining farm there!

The US is sending reconnaissance drones, but they can't see anything because it's all in their top secret underground bunker. Oh, oh and they are even trying to change the climate with a top secret super weapon so that the world freezes to cool their GPUs.

Overall they try to enslave the mankind by hypnotizing them with GPU fans that turn them into mindless zombies working in their Bitcoin mines.

Are you saying the Manipulator is the Pope??? Wait till Edward gets a hold of that!
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February 25, 2012, 12:06:55 PM
 #57

Are you saying the Manipulator is the Pope??? Wait till Edward gets a hold of that!

Shush! We are being watched.

BitCoin address: 1E25UJEbifEejpYh117APmjYSXdLiJUCAZ
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