spazzdla (OP)
Legendary
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Activity: 1722
Merit: 1000
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June 12, 2014, 03:39:41 PM |
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How long till we go below 600?
.. 500?
IMO, 600, with in a week. 500, never.
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Sawadekub
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June 12, 2014, 04:09:25 PM |
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we might see 500.. but for very short time dude.. we might see 100 also for a very short time.. long term 1y 2y 3y 4y btc price will sure inc LOL! see graph dude..
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Marlo Stanfield
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June 12, 2014, 07:19:59 PM |
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we might see 500.. but for very short time dude.. we might see 100 also for a very short time.. long term 1y 2y 3y 4y btc price will sure inc LOL! see graph dude..
Not sure if people would let 100 come again barring some major technical disaster. 500 is definitely possible though. |
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blatchcorn
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June 12, 2014, 07:21:22 PM |
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500 is the lowest it will go. We are never ever seeing bitcoin in the $400 range again
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Cryptocure
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June 12, 2014, 07:54:00 PM |
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Whatever happens happens... it's all short term fluctuations.
Personally I don't think we'll go much lower than ~575.
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beetcoin
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June 12, 2014, 07:58:44 PM |
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$100 is extremely unlikely.. especially without signficantly bad news coming out.
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serenitys
Full Member
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Activity: 126
Merit: 101
Be Here Now
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June 12, 2014, 08:00:00 PM |
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So is this what's known as a flash crash?
Any reason for the drop or was this all par for the course settling back down to a norm after a brief "rally" up?
I'm surprised to see it nearing $600 but can't say I'm disappointed. I bought my first bitcoin at 399 after fees. I still wanted it to drop to $100 or less so I could buy even more. Been buying it (going up) ever since, and will keep on buying it until the day bitcoin ceases to exist. I feel the same way just buying about $760 worth last week, waiting on it to transfer over. I totally don't mind if it drops to 300 or 200 again, or 4-500...because my only response is cool, I can buy even more.
I think many people feel the same way so when we're all buying, the demand is showing, which will move the price back up, right?
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You say "anti government" like that's a bad thing...
Unfortunate times will bring out the best in good people and the worst in bad people
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rhino34567
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June 12, 2014, 08:19:00 PM |
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It's bouncing straight off of $600, at least for now.
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passionsurf
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June 12, 2014, 11:52:30 PM |
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$100 is extremely unlikely.. especially without signficantly bad news coming out.
Yeah, $100 will only happen if bitcoin dies. |
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williamevanl
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June 12, 2014, 11:54:01 PM |
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This! (and yes they are!) Mighty Crash! |
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Zawamiya
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June 13, 2014, 12:26:11 AM |
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So what causes the drop this time?
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Wolf Rainer
Legendary
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Activity: 1960
Merit: 1022
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June 13, 2014, 01:18:31 AM |
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I don´t see it going under 500, and if it make it, it wont be for long time, cause at the instant all the bots are going to buy back up again.
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TheJuice
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June 13, 2014, 02:06:02 AM |
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Short term price moves don't matter. Unless something changes, we go on up.
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 13, 2014, 02:20:36 AM |
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Short term price moves don't matter. Unless something changes, we go on up.
It will probably change back after the FBI sale Just making sure they get the lowest amount possible lol. |
Believing in Bitcoins and it's ability to change the world
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Kluge
Donator
Legendary
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Activity: 1218
Merit: 1015
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June 13, 2014, 02:22:48 AM |
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Short term price moves don't matter. Unless something changes, we go on up.
It will probably change back after the FBI sale Just making sure they get the lowest amount possible lol. Kashmir updated her Forbes article to suggest this. I could live with a lower price for a few months to keep the cash out of the FBI's hands. Almost kind of wish they just sold slowly on the open market to prevent people pacing around wondering if it's unethical to bid. |
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beetcoin
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June 13, 2014, 02:27:05 AM |
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best explanation i've found so far: whales found out about FBI's auctioning off bitcoins, good opportunity.. so maybe the whales cashed out their current bitcoins to pursue that opportunity.
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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June 13, 2014, 02:45:15 AM |
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best explanation i've found so far: whales found out about FBI's auctioning off bitcoins, good opportunity.. so maybe the whales cashed out their current bitcoins to pursue that opportunity.
It is a possible outcome at least when your dealing with the FBI their is no concern about them jipping you on this sale If you pay for a million you get the equivalent in Bitcoins no escrow needed  Short term price moves don't matter. Unless something changes, we go on up.
It will probably change back after the FBI sale Just making sure they get the lowest amount possible lol. Kashmir updated her Forbes article to suggest this. I could live with a lower price for a few months to keep the cash out of the FBI's hands. Almost kind of wish they just sold slowly on the open market to prevent people pacing around wondering if it's unethical to bid. Yah I read that update from Kashmir and agree with its suggestion, the price may relapse a bit it did stop the rise for now and chilled the market buildup so it would be a good time to get a few more Bitcoins . |
Believing in Bitcoins and it's ability to change the world
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rograz
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June 13, 2014, 02:51:16 AM |
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It will probably change back after the FBI sale
Just making sure they get the lowest amount possible lol.
My thought as well, anyone interested in buying those coins would want the price suppressed while they are bidding for it. |
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Kluge
Donator
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Activity: 1218
Merit: 1015
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June 13, 2014, 03:17:21 AM |
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Feel like it's worth mentioning, too, that 6/12 volume just on BFX was >30kBTC - more than FBI is auctioning. Total volume with CNY exchanges has been around 200kBTC today (6/12).
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