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dumbdragon
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January 18, 2015, 09:40:54 AM |
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When people compare Bitcoin price to commodities I cry inside a little. Bitcoin is so much more volatile than anything else that it doesn't work in the same way.
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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madmax6688
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January 18, 2015, 10:02:06 AM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. So when is the next wave and to what height? |
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caga
Full Member
 Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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January 18, 2015, 10:04:15 AM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. Is the current wave 7? Or do you think it is yet to come ? |
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madmax6688
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January 18, 2015, 10:08:45 AM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. Is the current wave 7? Or do you think it is yet to come ? We could be at the dawn of wave 7. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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January 18, 2015, 04:11:37 PM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. Is the current wave 7? Or do you think it is yet to come ? We could be at the dawn of wave 7. You better never tell that a real Elliott follower. There are people who believe in this stuff. |
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ndnh
Legendary
Offline
Activity: 1302
Merit: 1005
New Decentralized Nuclear Hobbit
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January 18, 2015, 04:34:34 PM |
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Let’s All Admit that the Bitcoin Price Bubble Has Popped Time for the next bubble. Jump abroad, mateys.  |
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madmax6688
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January 21, 2015, 11:08:22 AM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. Is the current wave 7? Or do you think it is yet to come ? We could be at the dawn of wave 7. You better never tell that a real Elliott follower. There are people who believe in this stuff. Who is this Elliott I keep reading about? |
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waaat?
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January 21, 2015, 11:56:40 AM |
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Just good bitcoin has built in high inflation due to socialist distribution philosophy - this way we get them coins extra cheap.
Bitcoin could have become a commodity. It fucked up.
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fearlesscat10
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January 21, 2015, 12:14:10 PM |
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Let’s All Admit that the Bitcoin Price Bubble Has Popped Time for the next bubble. Jump abroad, mateys. So $150 was the bottom? |
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Cluster2k
Legendary
Offline
Activity: 1692
Merit: 1018
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January 21, 2015, 12:18:03 PM |
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What we really need to know is who will be the next MtGox/Willy/Markus. Clearly that was responsible for the mega $1200 2013 bubble, with speculators piling in to follow the momentum. I bet Elliot Waves can't predict when we'll next see alleged fraud by an exchange.
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ronald98
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January 21, 2015, 03:50:34 PM |
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It's the first time that price went below the high of the previous cycle.
It's done that before. What about back in 2011 when it went from $15-$30 and then down to $3? It went from cents to $32, to $2. What happened after didn't create a new high or low until $266. 32 was wave 1 266 was wave 3 1200 was wave 5 everything in-between were sub-waves. Is the current wave 7? Or do you think it is yet to come ? We could be at the dawn of wave 7. You better never tell that a real Elliott follower. There are people who believe in this stuff. Who is this Elliott I keep reading about? |
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BillyBobZorton
Legendary
Offline
Activity: 1204
Merit: 1028
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January 23, 2015, 07:22:40 PM |
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I'm hodling until the end. I have a job. I have a retirement plan. I have other things I can sell if I have unexpected expenses.
And I have a strong belief that cryptocurrencies will change the world. No weak hands shall prosper, hodl tight believers.
But in addition to hodling I do spend and replace. It's important to support the economy whenever possible.
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HarmonLi
Sr. Member
Offline
Activity: 350
Merit: 250
Honest 80s business!
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January 23, 2015, 11:24:47 PM |
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Which bubble? I think we've yet to see the 'real' bubble! We may see prices 100 times the current price. The truth is: No one can know where we're going. But I think the upside is still very wide open. It's highly interesting!
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minerpumpkin
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January 24, 2015, 12:01:55 AM |
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Depends whether we are in for another re-test of $150-ish. That could be an even better opportunity to grab some even cheaper coins. But I think not having any BTC right now to be quite dangerous. Starting to feel really bullish again!
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I should have gotten into Bitcoin back in 1992...
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fearlesscat10
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January 25, 2015, 08:16:12 AM |
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It's been going up lately but I don't think we'll reach $400 yet. I think we'll fluctuate around the $200-$300 levels. There hasn't been a reason for it to go up any higher. It could probably go lower to $150 again but I'm not so sure it'll drop to sub $100 anytime soon.
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caga
Full Member
Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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January 25, 2015, 08:24:41 AM |
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Looks leike it bubbled, and its forming again. 250 Going strong.
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picolo
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January 25, 2015, 09:42:37 AM |
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When people compare Bitcoin price to commodities I cry inside a little. Bitcoin is so much more volatile than anything else that it doesn't work in the same way.
If Bitcoin was a bubble and it popped, the price would have gone sub 2$ |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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January 25, 2015, 12:22:40 PM |
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When people compare Bitcoin price to commodities I cry inside a little. Bitcoin is so much more volatile than anything else that it doesn't work in the same way.
If Bitcoin was a bubble and it popped, the price would have gone sub 2$ Bubbles are good. When deflated, reflate. Ask Krugman. |
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picolo
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January 25, 2015, 01:35:03 PM |
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When people compare Bitcoin price to commodities I cry inside a little. Bitcoin is so much more volatile than anything else that it doesn't work in the same way.
If Bitcoin was a bubble and it popped, the price would have gone sub 2$ Bubbles are good. When deflated, reflate. Ask Krugman. Bubbles are bad except when you buy before the bubble starts and you sell at or near the top  |
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manselr
Legendary
Offline
Activity: 868
Merit: 1004
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January 25, 2015, 02:09:41 PM |
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I was a believer in a double figure correction but thinks are looking good now with the Winklevii new exchange which seems serious, we may see old money coming in.
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