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Author Topic: Bitcoincharts: Three months since we've had a red week.  (Read 4360 times)
oakpacific
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August 12, 2012, 02:58:34 AM
 #21

It's likely a short term bubble.. this is suppose to happen, when the price pendulum swings it always overshoots, right now it's overshooting to the upside. Once people realize they've got enough BTC and start selling the pendulum will change course and swing back to the lower price direction and overshoot again as the bubble pops.

Yes but the overshoot is going to exceed the previous highs by more than anyone can imagine before coming back to test 32.

This makes me confident that we're already at or near the top.

You were "confident" at $7.2, $8 and $9.  Your confidence has no credibility Smiley


Wasn't proudhon supposed to take down the bear at $8+?

Looks like someone who can't keep his word to me.
He couldn't do that now that the bear is all over him, when he made the promise, his soul still retained control of a small part of him. Cheesy

https://tlsnotary.org/ Fraud proofing decentralized fiat-Bitcoin trading.
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Serge
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August 12, 2012, 03:04:11 AM
 #22

Currently there is continuing bitcoin exposure out there. It's just amazing how much attention Bitcoin is getting at the moment. Politicians are talking about alternative currencies in US and UK mentioning bitcoin, one US state representative has started accepting donations in bitcoin; one VC is engaged in public discussion and gauging interest. People discussing SR report all over the internet. And there is Bitcoinica case too.

With all this going on I'd say correction is out of picture for the time being. Especially while speculation is not overly optimistic (yet) =)
kentrolla
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August 12, 2012, 08:06:32 AM
 #23

ITS GREEN!

elux
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August 12, 2012, 08:23:17 AM
 #24



http://www.youtube.com/watch?v=7D67w0rlD9c
TraderTimm
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August 12, 2012, 08:28:32 AM
 #25

Just draw a trendline on the weekly and stick to it until it is broken. Anything beyond that is sheer folly.

fortitudinem multis - catenum regit omnia
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August 13, 2012, 12:19:03 AM
 #26

correction coming soon?

Afraid of being left behind?

no comprende

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ruski
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August 13, 2012, 08:51:25 AM
 #27


tienen miedo de quedarse atrás? Grin
420
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August 14, 2012, 08:49:31 AM
 #28


tienen miedo de quedarse atrás? Grin

NO, NO NO!! Yo hablo ingles. INGLES!!

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elux
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August 18, 2012, 12:42:03 PM
 #29


RED RED RED RED blackhawk down! HAHAHAHAHAHAHA

8up
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November 05, 2015, 02:21:29 PM
 #30

bump for comparison.  Wink

Always wrong until not.
elux
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November 05, 2015, 02:32:53 PM
 #31

bump for comparison.  Wink

We have to go a lot deeper to land a red weekly candle.


8up
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November 05, 2015, 02:41:17 PM
 #32

bump for comparison.  Wink

We have to go a lot deeper to land a red weekly candle.




we're not there yet. Wink

btw. the small mid 2012 reads like a script for the current market behaviour. MMM back then was known as pirate.  Wink

Always wrong until not.
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