SilentJohn (OP)
Newbie
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Activity: 30
Merit: 0
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September 19, 2014, 01:07:51 PM |
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I've been staggering purchases since this afternoon (Asia) from 420 down to 380.
Probably bought another 100 or so coins in the last 12 hours...
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Cheewawa
Newbie
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Activity: 20
Merit: 0
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September 19, 2014, 01:10:20 PM |
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you should probably wait, price might go down even more up until 1st of October
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Morguk
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September 19, 2014, 01:15:50 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then?
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Calculate the chance of hitting a bitcoin block when solo mining at
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Beliathon
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September 19, 2014, 01:16:09 PM |
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Probably bought another 100 or so coins in the last 12 hours... You are very fortunate to have so much disposable fiat currency wealth.
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SilentJohn (OP)
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Activity: 30
Merit: 0
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September 19, 2014, 01:17:23 PM |
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you should probably wait, price might go down even more up until 1st of October
Thanks for the warning... I have some price points where i'll continue to buy to lower my average buying prices. Just don't want to miss the opportunity if it (and it should) take a sharp rebound
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seriouscoin
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September 19, 2014, 01:19:07 PM |
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you should probably wait, price might go down even more up until 1st of October
LOL never call bottoms noobs, thats the rules in trading. Trying to get avg buying cost to what you like is better strategy
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seriouscoin
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September 19, 2014, 01:20:25 PM |
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you should probably wait, price might go down even more up until 1st of October
Thanks for the warning... I have some price points where i'll continue to buy to lower my average buying prices. Just don't want to miss the opportunity if it (and it should) take a sharp rebound No doubt about rebound, remember fiat move way too slow compared to bitcoin. It can take couple days for funds come in.
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Cheewawa
Newbie
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Activity: 20
Merit: 0
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September 19, 2014, 01:20:31 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower
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Morguk
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September 19, 2014, 01:22:36 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower Thanks for explanation.
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Calculate the chance of hitting a bitcoin block when solo mining at
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seriouscoin
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September 19, 2014, 01:24:59 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower Most new investors buy into bitcoin around this time of last year. Due to capital gain tax, they prefer to wait for a year for lower tax rate, and since the price has been slowly declined, they decided to cash out now to gain bit of profit. However this price point is where last bubble started, and miners are not willing to sell at loss. So market will reverse.
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SilentJohn (OP)
Newbie
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Activity: 30
Merit: 0
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September 19, 2014, 01:25:11 PM |
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Probably bought another 100 or so coins in the last 12 hours... You are very fortunate to have so much disposable fiat currency wealth. There are many more "traditional" Fiat Wales (or at least a tuna) like myself that have been watching Bitcoin for quite a while. Expect many more of us in the very near future...
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600watt
Legendary
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Activity: 2338
Merit: 2106
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September 19, 2014, 01:32:07 PM |
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Probably bought another 100 or so coins in the last 12 hours... You are very fortunate to have so much disposable fiat currency wealth. There are many more "traditional" Fiat Wales (or at least a tuna) like myself that have been watching Bitcoin for quite a while. Expect many more of us in the very near future... Welcome! very welcome
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Bios Optimus
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Activity: 55
Merit: 0
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September 19, 2014, 01:34:16 PM |
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Bought this morning and if it drops anymore I will be buying again.
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Sevvero
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September 19, 2014, 01:34:38 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower Most new investors buy into bitcoin around this time of last year. Due to capital gain tax, they prefer to wait for a year for lower tax rate, and since the price has been slowly declined, they decided to cash out now to gain bit of profit. However this price point is where last bubble started, and miners are not willing to sell at loss. So market will reverse. They will sell at a loss, because there is no choice! Bought this morning and if it drops anymore I will be buying again. You bought in a decline, good job on being dumb.
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nuff
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September 19, 2014, 01:36:37 PM |
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duh anyone not buying is a fool and totally missing the boat, which I thought I missed when bitcoin was around $5
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btc_jumpnrl
Member
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Activity: 81
Merit: 10
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September 19, 2014, 01:39:11 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower That's the Governments fiscal year, but don't most individuals use the Calendar year?
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Tips: 1H1DF3BzFF2CVhPB4psEghg4bF5VYDseBT
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Cheewawa
Newbie
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Activity: 20
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September 19, 2014, 01:51:50 PM |
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you should probably wait, price might go down even more up until 1st of October
What's happening then? the end/begging of the US fiscal year. Someone proposed that this bitcoin price drop is due to americans wanting to pay their taxes (which must be payed in US dollars). I don't know if it is the only reason for bitcoin price drop, but definitely it does have some influence on the price being lower That's the Governments fiscal year, but don't most individuals use the Calendar year? governments don't give a shit about calendar year. Pay your taxes by the end of the fiscal year or go to jail - thats governments logic.
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btc_jumpnrl
Member
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Activity: 81
Merit: 10
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September 19, 2014, 02:16:15 PM |
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That's the Governments fiscal year, but don't most individuals use the Calendar year?
governments don't give a shit about calendar year. Pay your taxes by the end of the fiscal year or go to jail - thats governments logic. Lol. Well the IRS certainly cares about what tax cycle your on because it changes when you file and when you pay.
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Tips: 1H1DF3BzFF2CVhPB4psEghg4bF5VYDseBT
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Sevvero
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October 03, 2014, 02:18:13 PM |
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Just bumping to tell this idiot that he should have listened to what specialists had to say.
Damn fool! Go tell your friends about wise financial decision!
BUYING WHEN BLOOD IN STREETS RIGHT LOL!
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Chuckee
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Activity: 70
Merit: 10
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October 03, 2014, 02:27:34 PM |
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"Averaging down" is not a good strategy. Avoiding bitcoin completely is the best strategy. There is zero indication that we will ever reach an ATH again, and in another few weeks, people will likely be wishing that they had sold at $350!
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