greed greed and some more greed
nothing else drives bitcoin
Topic: Aaand we're almost back to Mid-March level (50) (Read 1040 times)
Can you detail why? You think 2011 is repeating?
I hope so. Confidence was crushed harder this time than last, and the next bubble, if bigger, will drop an even bigger hammer on confidence. 
A few months is too much...
Hardly. Don't expect to revisit $100 until early- to mid-2014 at the earliest. And that's very optimistic.Can you detail why? You think 2011 is repeating?
A few months is too much...
Hardly. Don't expect to revisit $100 until early- to mid-2014 at the earliest. And that's very optimistic. Seems like the price is dong some last twitches right now.
I think BTC just wants to rest now, find its cove and sleep for a few months.
I think BTC just wants to rest now, find its cove and sleep for a few months.
A few months is too much...
Seems like the price is dong some last twitches right now.
I think BTC just wants to rest now, find its cove and sleep for a few months.
I think BTC just wants to rest now, find its cove and sleep for a few months.
Well, Low:$50.01000.
will we go under 50, and how low will we go ? What has triggered the big sell off today ?
Trigger? Can't say for sure, but the stock market and gold both took dives today.
The Boston event? Margin calls? Deflationary spiral/liquidity crisis?
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will we go under 50
Yes
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What has triggered the big sell off today ?
shaken investor confidence.
Don't you think at one point the decline will fall as people now see they have the chance to get 'cheap' coins ? But at what point will it happen, and will we then again see a rapid acceleration of the price again ?
After all, it hoovered at 100 for a few days, and then all of a sudden down to 50 today.
The bitcoins want my money and I'm too weak to fight them.
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will we go under 50
Yes
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What has triggered the big sell off today ?
shaken investor confidence.
When you think about it, a drop to $50 (at least) is needed in order to shake out all the froth and euphoria we had going on. Unless it goes below $30 (and stays there for a while) there won't be any need for a more complicated explanation than that.
A combination of stupidity and (perhaps) market manipulation.
will we go under 50, and how low will we go ? What has triggered the big sell off today ?
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