Holy sh!t the price isnt rebounding but going lower now!!

applesRyummy

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Quote from: BittBurger on January 04, 2015, 08:36:09 PM

Quote from: Edward50 on January 04, 2015, 02:04:59 AM

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

williamevanl

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Activity: 404

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Quote from: BittBurger on January 04, 2015, 08:36:09 PM

Quote from: Edward50 on January 04, 2015, 02:04:59 AM

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')

BittBurger

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Quote from: Edward50 on January 04, 2015, 02:04:59 AM

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-

TeeBone

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Activity: 502

Merit: 251

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. Cool

twiifm

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Activity: 784

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Quote from: applesRyummy on January 04, 2015, 07:40:27 PM

Quote from: Mellnik on January 04, 2015, 05:26:37 AM

Quote from: applesRyummy on January 04, 2015, 05:13:50 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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.

Edward50

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Quote from: JimboToronto on January 04, 2015, 04:53:44 AM

Quote from: smalltimer on January 04, 2015, 04:45:51 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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.

applesRyummy

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Activity: 126

Merit: 100

Quote from: Mellnik on January 04, 2015, 05:26:37 AM

Quote from: applesRyummy on January 04, 2015, 05:13:50 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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?

Mellnik

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Activity: 242

Merit: 250

Quote from: applesRyummy on January 04, 2015, 05:13:50 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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.

Q7

sr. member

Activity: 448

Merit: 250

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.

smalltimer

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Activity: 252

Merit: 250

Quote from: applesRyummy on January 04, 2015, 05:13:50 AM

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

applesRyummy

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Activity: 126

Merit: 100

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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

smalltimer

sr. member

Activity: 252

Merit: 250

Quote from: JimboToronto on January 04, 2015, 04:53:44 AM

Quote from: smalltimer on January 04, 2015, 04:45:51 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: smalltimer on January 04, 2015, 04:45:51 AM

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

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.

smalltimer

sr. member

Activity: 252

Merit: 250

Quote from: JimboToronto on January 04, 2015, 04:08:16 AM

Quote from: smalltimer on January 04, 2015, 04:06:45 AM

The USD at least crashes slower

Rebounds slower too.

does bitcoin rebound? Every time?

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.

Quote from: inca on January 04, 2015, 04:12:56 AM

Enjoy your brief moment of pleasure at seeing the price drop Edward50.

Of course the price is still 140x higher than when you decided it was too expensive and Bitcoin was dead for the first time, four years ago, in 2011.

C'est la vie.

Hey, quit telling the truth. This is the beartards' special day. Don't ruin it for them. Grin

inca

legendary

Activity: 1176

Merit: 1000

Enjoy your brief moment of pleasure at seeing the price drop Edward50.

Of course the price is still 140x higher than when you decided it was too expensive and Bitcoin was dead for the first time, four years ago, in 2011.

C'est la vie.

JimboToronto

legendary

Activity: 4200

Merit: 4887

You're never too old to think young.