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var53
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November 20, 2014, 04:57:37 PM |
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Someone described events like the auction announcement as "black swan events" that nobody could predict and that have a massive effect on the market. Perhaps the price would have continued to rally if not for the auction announcement.
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var53
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November 20, 2014, 05:04:44 PM |
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Everyone expected that to happen after the last auction, but the opposite happened, bitcoin rallied.
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hector3115
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November 20, 2014, 08:10:32 PM |
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I dont know if I would call it a failed rally yet! We are still in a trend with lower lows since the capitulation in early October. I think price has held us pretty well considering the feds are auctioning off twice as much as they did last time.
Also, I think it'll pretty much be a non event because the results are kept private like last time.
The one thing that I keep going back to and keeps me positive is all of the VC money going into Bitcoin. Lately especially, $60 million here, $10 million there.
FOLLOW THE SMART MONEY!!! IT WILL PAY OFF
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hector3115
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November 20, 2014, 08:14:12 PM |
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Guys like Eric Schmidt, Reed Hoffman, Peter Thiel, Jerry Yang. Watch where they are putting their money. Not the morons on this board who have nothing better to do with their time!!!
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exocytosis
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November 20, 2014, 08:39:30 PM |
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Sub 250 by Christmas. Sub 100 by summer 2015. Sub 50 by 2016. Sub 20 by 2017.
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coinableS
Legendary
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Activity: 1442
Merit: 1179
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November 20, 2014, 08:47:17 PM |
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I don't know why but I'm still feeling like we might get out of this rut before month end. At the same time feels like a super long shot, I'm not comfortable enough to take any positions long or short right now.
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hector3115
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November 20, 2014, 09:56:12 PM |
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again, who would you rather follow? Eric Schmidt?Jerry Yang? Richard Branson? Reid Hoffman? Or an internet troll who has nothing better to do then sit at his computer writing negative comments on bitcointalk?
you decide.
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Wilhelm
Legendary
Offline
Activity: 1652
Merit: 1265
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November 20, 2014, 10:01:20 PM |
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Where are those green dildos  |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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1Referee
Legendary
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Activity: 2170
Merit: 1427
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November 20, 2014, 10:35:42 PM |
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Cryptocoinsnews makes their predictions after the price went up or down. If the price goes up, you'll see them saying "We might see an uptrend from here" And when the price goes down, you'll see them saying "We expect a downtrend from here" They adjust every time the price goes up or down, how can some one take them serious now  |
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var53
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November 20, 2014, 10:37:32 PM
Last edit: November 21, 2014, 01:03:06 AM by var53 |
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I don't know why but I'm still feeling like we might get out of this rut before month end. At the same time feels like a super long shot, I'm not comfortable enough to take any positions long or short right now.
The price dropped then went back up just before the last auction. Perhaps history will repeat itself before month end. |
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kashish948
Legendary
Offline
Activity: 1596
Merit: 1000
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November 21, 2014, 12:46:32 AM |
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I thought we will atleast go to 700$ before falling a bit. But we lost all we gained in this last rally  |
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arbitrage001
Legendary
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Activity: 1067
Merit: 1000
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November 21, 2014, 03:42:35 AM |
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Still in big down trend. Unless the fundamental changes, it will keep going down until mining operation drain the price down to unsustainable level.
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bucktotal
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November 21, 2014, 04:52:07 PM |
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every time i see an article from cryptocoinnews it comes off as sensationalist trash...
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Sutters Mill
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November 21, 2014, 05:30:06 PM |
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Why try so hard to predict something which can't be predicted? Reminds me of weather forecasts.  Because it's fun for some people who don't have anything better to do? Speculation will always be speculation as it is made by those who are biased with their own interests and based off nothing but either wishful thinking or trolling/fud. And at least weather forecasts are at least based on some science and data at least. |
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freedomno1
Legendary
Offline
Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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November 21, 2014, 05:40:54 PM |
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Everyone expected that to happen after the last auction, but the opposite happened, bitcoin rallied.
Down while the market plays the price downward Then the person who makes the bid in the auction gets even more of a discount Using that savings initiates the extra into a price rally Good old speculation |
Believing in Bitcoins and it's ability to change the world
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alexeft
Legendary
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Activity: 854
Merit: 1000
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November 21, 2014, 06:23:56 PM |
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Bitcoin price, up or down or sideways!  |
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erre
Legendary
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Activity: 1666
Merit: 1205
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November 21, 2014, 06:32:16 PM |
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Let me have a look at what the bones say...  |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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November 21, 2014, 09:00:01 PM |
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Sub 250 by Christmas. Sub 100 by summer 2015. Sub 50 by 2016. Sub 20 by 2017.
But wait, you were calling for 50-100k earlier this year. What happened! |
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picolo
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November 21, 2014, 10:32:59 PM |
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When Bitcoin will be widely used, the value should be more stable. It has been between 400-700$ most of 2014 so it was kind of stable |
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