Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32119.

Bitcopia

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Quote from: only on October 22, 2013, 05:14:15 AM

Quote from: Bitcopia on October 22, 2013, 04:57:08 AM

Sold half of my coins off into the SR panic, glad I came to terms with my loss and bought back in at $150(Gox). This thing is getting ready for take off.

At what price did you sell when SR went to shit?

Let's just say I took about an 8% loss on my total holdings of BTC Sad

only

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Dutyfree.io – defying tobacco taxes since 2009.

Quote from: Bitcopia on October 22, 2013, 04:57:08 AM

Sold half of my coins off into the SR panic, glad I came to terms with my loss and bought back in at $150(Gox). This thing is getting ready for take off.

At what price did you sell when SR went to shit?

w00dy

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this is no good.... at all... WAY WAY too fast going up.

wopwop

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Quote from: Bitcopia on October 22, 2013, 05:05:59 AM

Quote from: alexout on October 22, 2013, 04:56:23 AM

What are ppls plans on when to sell at the exchanges? I was thinking sell
Some off at 197. But it went to 194 at bit stamp and back
Down.

Now is probably not a good time to sell, so long as history repeats itself. We've had much stronger rallies on much less news and much smaller global reach.

+1 you seem to know what you are talking about

Bitcopia

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Quote from: alexout on October 22, 2013, 04:56:23 AM

What are ppls plans on when to sell at the exchanges? I was thinking sell
Some off at 197. But it went to 194 at bit stamp and back
Down.

Now is probably not a good time to sell, so long as history repeats itself. We've had much stronger rallies on much less news and much smaller global reach.

Zangelbert Bingledack

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Now that a bit of sanity has been imposed on the China rally they may continue in a more sustainable fashion. This is what price discovery is all about.

A clue to this little correction was available: I was watching Bitcoinity and noticed exponential curve shapes on the 30 day, 7 day, 3 day, 24 hour, and even 3 hour chart. When it goes exponential at all scales, that's when it's cruisin' for a bruisin' and any little thing will tamp it back down (usually only temporarily). That's something I'll keep an eye out for in the future.

Bitcopia

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Sold half of my coins off into the SR panic, glad I came to terms with my loss and bought back in at $150(Gox). This thing is getting ready for take off.

alexout

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What are ppls plans on when to sell at the exchanges? I was thinking sell
Some off at 197. But it went to 194 at bit stamp and back
Down.

gizmoh

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Remember 199 is expensive, 201 is cheap.we are consolidating and moving UP IMO.

Sitarow

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Zangelbert Bingledack

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Quote from: Corelianer on October 22, 2013, 04:39:19 AM

The price is extremely volatile

How can it not be volatile when it grows this fast? That's the thing, slow steady exponential growth may happen for other technologies, but with Bitcoin there is actual money on the line for everyone, so it follows human psychology and has mini-manias where it gets overheated then smarter people step in and correct it. With Bitcoin you have to up your tolerance for volatility to match the speed at which the price is moving.

Zangelbert Bingledack

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Looks like China's still very cognizant of the MtGox price, as of course they would be know it's a Western phenomenon and many getting their first exposure in MtGox pricing. Nevertheless, China wants to blow.

Corelianer

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