PANIC BUY!!!! | Bitcointalksearch.org

AndrewWilliams

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Activity: 182

Merit: 100

Fourth richest fictional character

Quote from: EvilPanda on November 12, 2013, 05:45:55 PM

Quote from: Wilhelm on November 12, 2013, 04:37:31 PM

I think people are uneasy investing a #$% load of money for something virtual.
They will come around

Exactly, the price stays around the point of the last big drop because daily traders are affraid it won't go past that point and create sell walls, the price bounces down a bit and up again, but the wall is holding. Now either people start buying with confidence and break the wall or we there will be another correction. IMO the first one is more likely as BTC is booming.

I agree.

Something needs to happen to rock this boat.

No one is selling because they think we have ways to go; not many people buying because of the high price and fear of a correction.

antimattercrusader

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Shit, I just panic punched my cat in the face. I feel bad now.

Marbit

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Quote from: phillipsjk on November 12, 2013, 11:51:30 AM

I recommend using a log graph for predictions like that.

hear this a lot around here, but i actually think linear is fine on short term.....

johncarpe64

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Activity: 420

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Stop causing the market to panic buy, but yeah the price would be 1000$ so please buy it now Tongue

wobber

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Quote from: randrace on November 12, 2013, 06:09:24 PM

I'm buying silver at the equivalent of 7USD/oz. Thanks Bitcoin!

What? How? Sell me at 14?

randrace

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LTC -> BTC -> Silver!

I'm buying silver at the equivalent of 7USD/oz. Thanks Bitcoin!

EvilPanda

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Small Red and Bad

Quote from: Wilhelm on November 12, 2013, 04:37:31 PM

I think people are uneasy investing a #$% load of money for something virtual.
They will come around

Exactly, the price stays around the point of the last big drop because daily traders are affraid it won't go past that point and create sell walls, the price bounces down a bit and up again, but the wall is holding. Now either people start buying with confidence and break the wall or we there will be another correction. IMO the first one is more likely as BTC is booming.

Wilhelm

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I think people are uneasy investing a #$% load of money for something virtual.
They will come around

mvidetto

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Activity: 462

Merit: 250

I think we're at a point where people don't want to sell because they think its going higher and people don't want to buy because of the instability/volatility of the price (and the fact that its up 3x in a month).

MAbtc

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Activity: 826

Merit: 508

Quote from: TERA on November 12, 2013, 01:41:27 PM

I panic sold today on bitfinex at $390.

Geez Bitfinex hit $400? LOL, didn't even notice that. I don't usually click over to that tab on bitcoinity...

bassclef

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Activity: 924

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I was thinking this last night (after I posted my bullish prediction)...

"What if everyone is expecting this rally, and it doesn't materialize?"

The ticker told me so.

sealberrder

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Activity: 66

Merit: 10

Quote from: aqrulesms on November 11, 2013, 09:59:36 PM

1BTC > $500 is my bet once this is all over.

It is never over. Adoption will continue, p2p paying system is unique, and will take market share out from paypal and WU in near future

TERA

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I panic sold today on bitfinex at $390.

StarenseN

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OMG I BOUGHT YOU$$§

MaxBTC1

newbie

Activity: 56

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ITS HAPPENING

BUY BUY

Xer0

hero member

Activity: 826

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°^°

PANIC $SOMETHING!!! Grin

crazy_rabbit

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RUM AND CARROTS: A PIRATE LIFE FOR ME

oh no! I just panic bought a gym membership!

reannypleas

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Quote from: phillipsjk on November 12, 2013, 02:09:24 AM

Why panic?

I believe OP mean it is bubble, and it doesnt make sence to buy now.

Why would he used PANIC BUY!!!! title otherwise...

proudhon

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Quote from: bitcon on November 11, 2013, 10:01:44 PM

oh shit! buying everything in sight! thanks for the heads up!

Oh shit, I just bought my own table.

phillipsjk

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Let the chips fall where they may.

Quote from: TERA on November 12, 2013, 02:15:43 AM

I don't know if it's ready just yet. I think the chart ought to do something like this:

[IMAGE]

I recommend using a log graph for predictions like that.

Now that I had sleep, I realize that I was advocating a volatility evening strategy mentioned in another thread. In that strategy, you have a "purse" of 50:50 Bitcoin and another asset. As the price moves, you try to keep the exposure to both assets the same.

The difficulty with that strategy is that it assumes no or even price growth. Obviously that is not a valid assumption. To make money off the rise in value, you need a second "purse" (in cold-storage), where you simply buy and hold.

Topic: PANIC BUY!!!! (Read 3843 times)