JimboToronto
Legendary
 Offline
Activity: 4004
Merit: 4493
You're never too old to think young.
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January 04, 2015, 09:53:44 AM |
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The USD at least crashes slower
Rebounds slower too. does bitcoin rebound? Every time? For 6 years now. There's no reason for it to change now. If anything, these silly little dips should decrease in frequency. Time is on our side. |
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smalltimer
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January 04, 2015, 10:05:09 AM |
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The USD at least crashes slower
Rebounds slower too. does bitcoin rebound? Every time? For 6 years now. There's no reason for it to change now. If anything, these silly little dips should decrease in frequency. Time is on our side. well, certain patterns have been broken just recently. One more leg down and it will have changed, my friend. We all hope the magic pony rides us to 10 gazillion dollars a coin - but if it were that easy why would it even drop? |
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applesRyummy
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January 04, 2015, 10:13:50 AM |
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The USD at least crashes slower
Rebounds slower too. The US dollar actually is the most stable currency in modern finance. By most measures it's price is very stable. Generally speaking whenever any kind of security goes below a major support level it's price tends to fall significantly below such level |
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smalltimer
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January 04, 2015, 10:16:56 AM |
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Generally speaking whenever any kind of security goes below a major support level it's price tends to fall significantly below such level
spot-on |
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Q7
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January 04, 2015, 10:24:49 AM |
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Well it was 275 earlier today and when I checked a moment ago it has gone back up to 287, in just a matter of about 8 hours period. At least this indicates there are still people buying the coin and not the complete dump scenario everyone thought it was happening.
Anyway, it's too early to tell what would be the next direction from here. Either it will move up again and recover above 300 or just continue to slide. Let's just keep the fingers crossed.
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Mellnik
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January 04, 2015, 10:26:37 AM |
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The USD at least crashes slower
Rebounds slower too. The US dollar actually is the most stable currency in modern finance. By most measures it's price is very stable. Nice FUD. |
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applesRyummy
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January 05, 2015, 12:40:27 AM |
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The USD at least crashes slower
Rebounds slower too. The US dollar actually is the most stable currency in modern finance. By most measures it's price is very stable. Nice FUD. Care to explain? Yes the dollar does suffer from small amounts of inflation, however even after inflation is taken into consideration it is still very stable? |
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Edward50 (OP)
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January 05, 2015, 01:10:35 AM |
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The USD at least crashes slower
Rebounds slower too. does bitcoin rebound? Every time? For 6 years now. There's no reason for it to change now. If anything, these silly little dips should decrease in frequency. Time is on our side. Problem with this rebound theory is bitcoin is way too high in price. Rebound yes, but from 50 to 80. Not 265 to 1000. |
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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twiifm
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January 05, 2015, 01:15:11 AM |
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The USD at least crashes slower
Rebounds slower too. The US dollar actually is the most stable currency in modern finance. By most measures it's price is very stable. Nice FUD. Care to explain? Yes the dollar does suffer from small amounts of inflation, however even after inflation is taken into consideration it is still very stable? It is the international reserve currency after all. |
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TeeBone
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January 05, 2015, 01:33:35 AM |
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Ed - you can have your day in the sun now, after being mocked by the bulltroll cult for years. One of the few to expose Bitscam, and not waver. Good job, man.  |
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BittBurger
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January 05, 2015, 01:36:09 AM |
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Nobody is buying into that cheap coin bullshit.
I dont consider $260 to be cheap coins. If I wanted to blow hundreds of dollars on a "share" of something, I'd go blow $50,000 on Google stock. Pretty sure they're going to go up in value too, but I dont hop on board there because hundreds is too expensive for me. Cheap coins are sub-$100. -B- |
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williamevanl
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January 05, 2015, 01:41:21 AM |
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Nobody is buying into that cheap coin bullshit.
I dont consider $260 to be cheap coins. If I wanted to blow hundreds of dollars on a "share" of something, I'd go blow $50,000 on Google stock. Pretty sure they're going to go up in value too, but I dont hop on board there because hundreds is too expensive for me. Cheap coins are sub-$100. -B- The price of a share is completely arbitrary and meaningless. Would you be okay to buy google stock if they just increased the # of stocks offered 100X decreasing the cost by that much? (same question for bitcoin we could make it 21 trillion 'Bitcoins' and give you 'cheap coins') |
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applesRyummy
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January 05, 2015, 02:19:16 AM |
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Nobody is buying into that cheap coin bullshit.
I dont consider $260 to be cheap coins. If I wanted to blow hundreds of dollars on a "share" of something, I'd go blow $50,000 on Google stock. Pretty sure they're going to go up in value too, but I dont hop on board there because hundreds is too expensive for me. Cheap coins are sub-$100. -B- sub 100 coins would be extremely cheap. I would somewhat doubt that we will go that low however. We appear to have strong support at the ~260 level and likely have strong support at levels below that as well. I would also buy up massive amounts of bitcoin if I could get them at sub 100 levels  |
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