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Bitcoin Forum > Economy > Economics > Speculation > [Daily Speculation Poll] :: Why you looking so down Mr.Bitcoin
Poll
Question: why is bitcoin down
it's a bubble popping
bitcoin simply isnt worth 5-6$
a major player sold out, which later caused panic
a major player is systemically bring the price lower, only to buy back in a big way
bad news... many major bitcoin sites experiencing difficulties
It's a correction nothing to get all bent out of shape about.
leverage hunting

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Author Topic: [Daily Speculation Poll] :: Why you looking so down Mr.Bitcoin  (Read 1979 times)
adamstgBit (OP)
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February 14, 2012, 10:38:47 PM
 #1


Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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SlaveInDebt
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February 14, 2012, 10:41:16 PM
 #2
It's a correction nothing to get all bent out of shape about.
"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
teflone
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February 14, 2012, 11:02:10 PM
 #3
Quote from: SlaveInDebt on February 14, 2012, 10:41:16 PM
It's a correction nothing to get all bent out of shape about.

Where is the correction selection


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Vandroiy
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February 14, 2012, 11:48:45 PM
 #4
I selected three: bubble popping, bad news, and correction nothing to get all bent out of shape about.

Sounds like I'm contradicting myself, but that's really what I believe. The echo bubble popping was a necessary correction, but no reason to give up on Bitcoin or something. Just my opinion.
waspoza
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February 15, 2012, 09:45:01 AM
 #5
Add another option: leverage hunting.
Oldminer
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February 15, 2012, 10:49:03 PM
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Big correction  Grin
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SlaveInDebt
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February 15, 2012, 11:16:06 PM
 #7
Quote from: Oldminer on February 15, 2012, 10:49:03 PM
Big correction  Grin

Just don't get it all bent out of shape.  Cheesy
"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
Oldminer
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February 15, 2012, 11:17:55 PM
 #8
Quote from: SlaveInDebt on February 15, 2012, 11:16:06 PM
Quote from: Oldminer on February 15, 2012, 10:49:03 PM
Big correction  Grin

Just don't get it all bent out of shape.  Cheesy

 Grin
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Spekulatius
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February 16, 2012, 04:15:00 AM
 #9
Why is nobody considering the leverage greed craze?
- bitcoinica offering intrest for shorts
- bad news providing a great opportunity for (reasonable) shorting
- strong initial manipulator free (seemingly) downtrend confirming shortage option
- suddden bearish analysis by SO321.. confirming further...

all just coincidence?

We have seen sudden plumps in price (30%+) before, but bitcoinica just makes it so much easier. Wait for the next rally, itll go even quicker.
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