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Author Topic: The question is not what will you do if BTC hits $10  (Read 1965 times)
spazzdla (OP)
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December 12, 2014, 04:44:20 PM
 #1

The question is are you prepared for if it hits $800 in an hour?
inca
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December 12, 2014, 04:52:35 PM
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The question is are you prepared for if it hits $800 in an hour?


When the price hits my alarms I will calmly log in to Circle and buy a large quantity of BTC (in either direction). Otherwise it is accumulation time!
spazzdla (OP)
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December 12, 2014, 05:55:08 PM
 #3

The question is are you prepared for if it hits $800 in an hour?


When the price hits my alarms I will calmly log in to Circle and buy a large quantity of BTC (in either direction). Otherwise it is accumulation time!

You are not the person I am asking the question to.. it is the heavily leveraged shorters that stand to go bankrupt if this happens.
exocytosis
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December 12, 2014, 06:00:13 PM
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What mechanism would make it go to 800 in an hour?
JimboToronto
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December 12, 2014, 06:00:58 PM
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the heavily leveraged shorters that stand to go bankrupt.

Never gamble more than you can afford to lose.

http://www.gamblersanonymous.org/ga/
spazzdla (OP)
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December 12, 2014, 06:19:20 PM
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What mechanism would make it go to 800 in an hour?

It is a 5 billion dollar market cap.....   many things could have the potential to 5x the price in mintues. 

spazzdla (OP)
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December 12, 2014, 06:20:32 PM
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the heavily leveraged shorters that stand to go bankrupt.

Never gamble more than you can afford to lose.

http://www.gamblersanonymous.org/ga/

Bitcoin could go to zero or $100k I would never be under water.
JimboToronto
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December 12, 2014, 06:34:20 PM
 #8

the heavily leveraged shorters that stand to go bankrupt.

Never gamble more than you can afford to lose.

http://www.gamblersanonymous.org/ga/

Bitcoin could go to zero or $100k I would never be under water.

Me neither, but I don't gamble on margin. From your comments I figured you don't either.

I was directing my post at the margin gamblers.

I learned about margin gambling during my days at Goodwin Harris & Co., members of the Toronto Stock Exchange as it was called in those days (1968).

You work in a carnival, you get to see how the carnies shake down the rubes.
NUFCrichard
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December 12, 2014, 06:48:02 PM
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Leveraging with bitcoin is so risky, people who do it must be mad.
To answer your question, I would just sit back and enjoy!
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December 12, 2014, 07:22:49 PM
 #10

bitcoin is a win win situation, if it go lowe you will just buy more, if it go up, well you know...

bitcoin isn't dead until it reach zero and stay at zero forever
FatherBob
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December 12, 2014, 07:33:08 PM
 #11

The question is are you prepared for if it hits $800 in an hour?


The question is  are you prepared for The End Times, my child!  May we come in?

spazzdla (OP)
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December 12, 2014, 07:34:33 PM
 #12

The question is are you prepared for if it hits $800 in an hour?


The question is  are you prepared for The End Times, my child!  May we come in?



LMAO.  Not sure why I found this so funny but I did.
Joe200
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December 12, 2014, 08:29:59 PM
 #13

When the price hits my alarms I will calmly log in to Circle and buy a large quantity of BTC (in either direction). Otherwise it is accumulation time!

You either buy, buy, or buy? Do you buy different quantities at different points? (Serious question.)
1Referee
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December 12, 2014, 08:36:54 PM
 #14

I always benefit because I already have enough coins to be satisfied if price goes up quite a bit.

If price goes down a lot I benefit as well, because I can buy many more  Cheesy
grappa_barricata
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December 12, 2014, 09:31:58 PM
 #15

Who's gonna pump to 800$ in an hour and then sustain that price against all the bagholders that are only waiting for that to happen? Batman?

Fortune cannot take away what she has not given.
Coinshot
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December 12, 2014, 09:50:42 PM
 #16

The question is are you prepared for if it hits $800 in an hour?


I am and if it hits 800 I am going to sell all my BTCs as fast as possible.


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mavericklm
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December 12, 2014, 09:55:16 PM
 #17

800$? not this year!
what about 80$? Grin
BIGbangTheory
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December 12, 2014, 10:41:47 PM
 #18

Who's gonna pump to 800$ in an hour and then sustain that price against all the bagholders that are only waiting for that to happen? Batman?

I think all the assholes who bought at 800$ have sold a very long time ago. If that wasn't the case then we wouldn't be at 340$ right now

and someone needs to explain this 5x pump theory to me. just because the market cap is 5 Billion the price will "pump" out of the blue, as if the market cap hasn't been 5 billion for several weeks now?

caga
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December 12, 2014, 10:44:14 PM
 #19

800$? not this year!
what about 80$? Grin
It doesn't look like it will drop to that low price. Lately, a lot of new retailers are accepting bitcoins, including Microsoft and Pokerstars, and would only make it more used by people, and hopefully a driver for prices to go up.

botany
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December 13, 2014, 09:45:33 AM
 #20

The question is are you prepared for if it hits $800 in an hour?


When the price hits my alarms I will calmly log in to Circle and buy a large quantity of BTC (in either direction). Otherwise it is accumulation time!

You are not the person I am asking the question to.. it is the heavily leveraged shorters that stand to go bankrupt if this happens.

Those maniac shorters will be out of business and will rue the day they ever heard of bitcoin.
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