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Bubble burst?
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Topic: Bubble burst? (Read 6087 times)
xf2_org
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Re: Bubble burst?
May 15, 2011, 12:22:46 AM
#21
Two standard observations:
1. Corrections are good. They put a brake on irrational exuberance.
2. During the weekend, some exchanges are processing fewer incoming xfers, and early entry traders/VCs are not as often playing. So, a thin market is even thinner on the weekend.
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JohnDoe
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Re: Bubble burst?
May 15, 2011, 12:59:47 AM
#22
Quote from: mjsbuddha on May 14, 2011, 10:32:23 PM
sold at $8.40. bought again at $6. like a boss
Damn! So jelly...
goatpig
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Armory Developer
Re: Bubble burst?
May 15, 2011, 06:20:05 AM
#23
Quote from: Anth0n on May 14, 2011, 10:38:37 PM
Keep in mind everyone also thought the bubble was bursting when it hit a high of $4.15 and then dropped to around $2.50. What happened was it went back to the 3s and stayed there a few days before the current rally.
That's when Gox was getting DDoS'd
https://btcarmory.com
TheSocialHermit
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Re: Bubble burst?
May 15, 2011, 07:55:54 AM
#24
Quote from: error on May 14, 2011, 11:55:25 PM
http://26.media.tumblr.com/tumblr_l1hyhjBOSq1qa9armo1_500.jpg
This is a rule of life! And honestly when looking at how the market has been moving I'm just going to guess that this is just a simple pop that happens in all markets that increase this rapidly. I'm really just starting and I look at this as a way to study how markets move, so it's a good learning experience!
Jaime Frontero
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Re: Bubble burst?
May 15, 2011, 04:29:23 PM
#25
eh. so what?
ten bucks is the issue, i believe - quite an important and psychologically daunting barrier. there's nothing as noticeable as a zero...
when it gets close to $100, it'll flirt up and down even more.
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