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hector3115 (OP)
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July 31, 2014, 03:06:31 AM |
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Bitcoin history suggests that after the pop and subsequent decline, the price breaks out of the downtrend. Then trades sideways for several weeks, then bears make one final push, then BOOM.
Does this look familiar?
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Pente
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July 31, 2014, 03:17:09 AM |
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For now it seems that there is not much support at the current price. Speculation is to far ahead of actual value. We got at least a few more months of $475-$620. I don't expect the next bubble until early 2015.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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July 31, 2014, 03:43:27 AM |
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i think there's a good chance you're right.
3 pushdowns to this level after the initial breakout which broke the longterm downtrend. this should be the last one. selling pressure looks to be exhausted.
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falllling
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Activity: 112
Merit: 10
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July 31, 2014, 04:08:58 AM |
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sell as fast as you still have a chance! Are there still people here who believe this is just "shaking out the weak hands" and that we're about to go to the moon?
Let's call it what it is. Bitcoin is failing. People are getting out. Moving on to other things.
The peak is over. This WAS the bubble you all were waiting for.
There isn't massive user adoption that will raise the price. Companies aren't standing in line to use Bitcoin. Wallstreet isn't dying to get in.
Everybody has been saying that to the point where everyone thought it was true Well it isn't. You've been lied to.
The price won't bounce back. Feel free to give me one valid reason why it should. You can't.
Smart money is getting out. Just like i just did. But i won't go away. I will keep on coming here to see how you fools will post charts every day to show how we are about to go to the moon while in the meantime the price goes down and down.
I will probably laugh as well.
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Bitcopia
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July 31, 2014, 04:25:04 AM |
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sell as fast as you still have a chance! Are there still people here who believe this is just "shaking out the weak hands" and that we're about to go to the moon?
Let's call it what it is. Bitcoin is failing. People are getting out. Moving on to other things.
The peak is over. This WAS the bubble you all were waiting for.
There isn't massive user adoption that will raise the price. Companies aren't standing in line to use Bitcoin. Wallstreet isn't dying to get in.
Everybody has been saying that to the point where everyone thought it was true Well it isn't. You've been lied to.
The price won't bounce back. Feel free to give me one valid reason why it should. You can't.
Smart money is getting out. Just like i just did. But i won't go away. I will keep on coming here to see how you fools will post charts every day to show how we are about to go to the moon while in the meantime the price goes down and down.
I will probably laugh as well.
Doh! I was hoping for integrity's sake that this was a joke, but unfortunately, it appears quite serious! So with 2014 being by an order of magnitude the best year of media coverage, large merchant adoption, venture capital investment, fund creation, and bitcoin innovation, you mean to tell me that bitcoin is failing? I mean, yeah, some people said July would be the start of the next bubble. It wasn't. But I hardly think a short term deviation from the short term bull trend from the medium term down trend from the long term up trend is reason to get out. Step back. Take a moment. Think. |
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Benjig
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July 31, 2014, 04:56:47 AM |
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Yes, bitcoin bears could be pulling his last effort  |
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DavidHume
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July 31, 2014, 05:49:15 AM |
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Bull last breath. Good news are all out with little effect.
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Anduck
Legendary
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Activity: 1511
Merit: 1072
quack
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July 31, 2014, 07:57:06 AM |
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Bull last breath. Good news are all out with little effect.
We'll see these good news in effect. Remember there are also several "bad news" like mining pools centralization, legal status of Bitcoin and a lot of coins to be sold (gox, sr). |
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cypherdoc
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Activity: 1764
Merit: 1002
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July 31, 2014, 02:58:39 PM |
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yes, the last push.
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DjPxH
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July 31, 2014, 03:01:05 PM |
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The bears that were partying the other day may now be pretty hungover, that's true. But we're not safe yet. We may just as well go back down again. And also visit places even more south!
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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2014Bubble
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Activity: 14
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July 31, 2014, 03:01:32 PM |
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Alright, so I'm supposed to start now?
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Wandererfromthenorth
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July 31, 2014, 03:04:41 PM |
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Alright, so I'm supposed to start now?
If you want, we have nothing against you  |
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joe 90
Member
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Activity: 72
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July 31, 2014, 03:16:08 PM |
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The bears that were partying the other day may now be pretty hungover, that's true. But we're not safe yet. We may just as well go back down again. And also visit places even more south!
The overall trend since Christmas has been down, so yeah. |
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2014Bubble
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Activity: 14
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July 31, 2014, 03:24:18 PM |
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Alright, so I'm supposed to start now?
If you want, we have nothing against you You know, people are putting a lot of pressure on me right now... It's not that easy  |
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DjPxH
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July 31, 2014, 03:25:40 PM |
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The bears that were partying the other day may now be pretty hungover, that's true. But we're not safe yet. We may just as well go back down again. And also visit places even more south!
The overall trend since Christmas has been down, so yeah. Well, at Christmas we were still at bubble-levels, so what do you expect? It's quite well understood and accepted that a bubble has to wane off. I would've been surprised if it went the other way. It's not like this is the first time it happens. Newbies don't seem to get that. |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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ThatDGuy
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July 31, 2014, 03:26:45 PM |
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Alright, so I'm supposed to start now?
If you want, we have nothing against you You know, people are putting a lot of pressure on me right now... It's not that easy Every bubble deals with bubble dysfunction at one point or another. |
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2014Bubble
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July 31, 2014, 03:35:01 PM |
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Alright, so I'm supposed to start now?
If you want, we have nothing against you You know, people are putting a lot of pressure on me right now... It's not that easy Every bubble deals with bubble dysfunction at one point or another. Yeah, people keep saying that. I don't really know what to do about that, though... |
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blatchcorn
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July 31, 2014, 03:37:34 PM |
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Let's face it, the tension is building massively for a huge rally when the ETF goes live. All the signs are there.
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BitcoinMillionaire
Full Member
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Activity: 168
Merit: 100
Bling Bling
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July 31, 2014, 03:42:58 PM |
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Let's face it, the tension is building massively for a huge rally when the ETF goes live. All the signs are there.
But when will it go live? No one even knows when it will be finally approved! It could take a year or so. I don't think we will see an ETF launching this year, man! |
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PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice
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Wexlike
Legendary
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Activity: 1473
Merit: 1086
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July 31, 2014, 04:34:14 PM |
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Let's face it, the tension is building massively for a huge rally when the ETF goes live. All the signs are there.
But when will it go live? No one even knows when it will be finally approved! It could take a year or so. I don't think we will see an ETF launching this year, man! Uhm, well. The first investment funds start tomorrow. http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/ |
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