Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
aztecminer
on 26/01/2016, 19:25:20 UTC
Quote from: JayJuanGee on January 26, 2016, 06:57:25 PM
Quote from: m0gliE on January 26, 2016, 02:48:46 PM
Quote from: ZephramC on January 26, 2016, 02:40:54 PM
Quote from: m0gliE on January 26, 2016, 01:33:16 PM
Quote from: ZephramC on January 26, 2016, 01:14:25 PM
Quote from: nor9865 on January 26, 2016, 12:55:37 PM
if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough

Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.

It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD

That is why dumps also occur at prices like 950$, 1050$, 1040$.  Smiley

Yeah xD

And that is why you've got to find the real dumping price and get few cents before/after ^^



Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...

But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.

Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..








problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281

Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.