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Author Topic: This is becoming ridiculous  (Read 1903 times)
bassclef
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September 30, 2014, 08:53:38 PM
 #21

Every day I wake up seeing more news on Bitcoin adoption, and yet everyday I go to sleep knowing btc price is lower. Unreal.

$381 on bitcoinaverage now.

What do you think it will take to get back to $1000? fall in the stock market? amazon news? people dumping alibaba and buying btc?

It will be amazing if btc jump back to $1000, and we will be remembering when it was under $400 Smiley

No way to tell. There has been a lot of good news lately, but the sell pressure has overtaken it. If the pressure lets up, we will probably rally into the 500s again. Next step 700-800, then you can start thinking about quadruple digits. If you've been around for a couple years, the buy pressure and mania becomes immense during exponential runups. We are not even close yet. Give it time.

Still, gentle newbies, you will be caught up in the "new paradigm" hype and not profit at the top. In fact you will buy more. New Forex and professional traders will sell far below thinking that it can't go any higher. The market will fool you again and again.  The trolls will reverse their behavior with new accounts to manipulate sentiment. Big coin holders will go into full-on pump mode in the media. Mark my words. It is epic.
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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September 30, 2014, 10:43:14 PM
 #22

Every day I wake up seeing more news on Bitcoin adoption, and yet everyday I go to sleep knowing btc price is lower. Unreal.

$381 on bitcoinaverage now.

What do you think it will take to get back to $1000? fall in the stock market? amazon news? people dumping alibaba and buying btc?

It will be amazing if btc jump back to $1000, and we will be remembering when it was under $400 Smiley

No way to tell. There has been a lot of good news lately, but the sell pressure has overtaken it. If the pressure lets up, we will probably rally into the 500s again. Next step 700-800, then you can start thinking about quadruple digits. If you've been around for a couple years, the buy pressure and mania becomes immense during exponential runups. We are not even close yet. Give it time.

Still, gentle newbies, you will be caught up in the "new paradigm" hype and not profit at the top. In fact you will buy more. New Forex and professional traders will sell far below thinking that it can't go any higher. The market will fool you again and again.  The trolls will reverse their behavior with new accounts to manipulate sentiment. Big coin holders will go into full-on pump mode in the media. Mark my words. It is epic.

^ Yep, take heed newbs
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