orpington (OP)
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January 04, 2015, 02:57:36 AM |
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We need answers...
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Edward50
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January 04, 2015, 03:22:02 AM |
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Like I said a break below $300 will start major capitulation. It is not even bouncing back off the low of today.
IT is looking very very bad, you guys are crazy to still hold and even stupider to buy in.
A test of $200 will probably be quicker here then you can imagine as that is the next step lower.
No government bailout for you clowns still holding. Nobody is going to buy into bitcoins either, no fresh money is going to come in. Everybody expects it to go below $200 now.
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Empty your mind, be formless, shapeless — like water. Now you put water in a cup, it becomes the cup; You put water into a bottle it becomes the bottle; You put it in a teapot it becomes the teapot. Now water can flow or it can crash. Be water, my friend.
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Xiaoxiao
Legendary
Offline
Activity: 1274
Merit: 1000
The Golden Rule Rules
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January 04, 2015, 03:31:03 AM |
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Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275. So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.
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Bitcoins101
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January 04, 2015, 03:35:11 AM |
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This slow sink in the high $200s feels like how we were sinking in the high $300s. Come to think of it, it feels just like the $400s, the $500s, and the $600s.
Sell pressure breaks through buy walls, drops down another level. Sell pressure breaks through buy walls, drops down another level. Over and over again. When will it stop? Why would it stop at this point?
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God27
Sr. Member
Offline
Activity: 364
Merit: 250
The 4th industrial revolution!
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January 04, 2015, 03:39:47 AM |
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$152
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orpington (OP)
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January 04, 2015, 06:18:05 AM |
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Yes, $260 would be nice.
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ivyleague1985
Newbie
Offline
Activity: 56
Merit: 0
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January 04, 2015, 06:23:36 AM |
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Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275. So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.
Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC. Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side.
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maranello1561
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January 04, 2015, 06:26:53 AM |
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Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275. So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.
Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC. Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side. Miners will mine at whatever price since hardware costs are already sunk costs - the only limiting factor is power but some like me run solar panels on my roof and since its all paid for already upfront, my day to day power cost is basically 0. However I'm not a seller. I hodl my mined coins
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ivyleague1985
Newbie
Offline
Activity: 56
Merit: 0
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January 04, 2015, 06:35:04 AM |
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Here's the thing, I've been a bear for the duration of 2014, but I don't think too many people are willing to sell below 275. So looks like 250 is probably the absolute bottom if it does reach there, at least for the 1st quarter of 2015.
Below $275, it would be not profitable to mine the BTC. Below $275, it is better for miners to buy and store BTC. Not to mention that the short squeeze can be lucrative for the whales. I don't think the whales are that stubborn, because profit is profit no matter it is from the bull side or the bear side. Miners will mine at whatever price since hardware costs are already sunk costs - the only limiting factor is power but some like me run solar panels on my roof and since its all paid for already upfront, my day to day power cost is basically 0. However I'm not a seller. I hodl my mined coins You are the so-called strong hands. The gathering of guys like you will definitely change the market dynamics and squeeze the bears to death.
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AceWallen
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January 04, 2015, 06:39:38 AM |
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everything is little more than a shot in the dark from current price point. this down trend could continue for some time. my guess at a temporary bottom is $190-210. that may, in time, become a permanent bottom, but if we can't establish a new up trend from there, then maybe $120-140....$70-80.... like i said, shots in the dark.
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Q7
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January 04, 2015, 06:44:34 AM |
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Seriously if only I knew the answer to this question. And because I can't predict, I'm putting my bet to gradually buy a small amount in every drop. I did made a post saying that I placed my buy order at 280 and it has been executed since and my next target to buy again is when it goes to 250.
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µ
Newbie
Offline
Activity: 53
Merit: 0
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January 04, 2015, 06:48:15 AM |
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220$ then back up again.
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mmortal03
Legendary
Offline
Activity: 1762
Merit: 1011
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January 04, 2015, 09:12:24 AM |
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It is not even bouncing back off the low of today.
No, it has. The low was $277.
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celebreze32
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January 04, 2015, 11:39:15 AM |
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It is not even bouncing back off the low of today.
No, it has. The low was $277. How do you know for certain?
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serpicodk
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January 04, 2015, 11:45:51 AM |
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It is not even bouncing back off the low of today.
No, it has. The low was $277. How do you know for certain? Are you serious? He is not certain he is pulling that out of his delusional ass.
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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January 04, 2015, 01:01:55 PM |
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I wish I had some fiat on my account now
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Igluenza
Newbie
Offline
Activity: 22
Merit: 0
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January 04, 2015, 02:50:56 PM |
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250
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ramkumar
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January 04, 2015, 02:58:28 PM |
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$200...
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sase007
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January 04, 2015, 02:59:37 PM |
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Looking forward for 1$... new wave of early adopters incoming
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Guido
Legendary
Offline
Activity: 1061
Merit: 1001
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January 04, 2015, 03:52:05 PM |
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we've had 250 today and this looks faking up at minute when btce is the high price you know theres fakery
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I am Bonkers BTW Crypto OG + Digital Artist
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