I predict CCMF. My secretaries told me on the way to the villa... Legit TA follows:
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Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'. Both him and the LambTroll (are they the same person? ) knew this from the start. Maybe if they're not the same person, they're here for the same reason. evereone on this mesage bord is notlambchop. Me, NEwbie1022, Inca, even you Macaga <3 Trolls! Trolls everywhere... Too much effort dood. Hope it worths it.
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Who are our overlords going to squeeze, first? The longs or the shorts?
Ah you have finally realised that short term price movements rely more on a few colluding players than 'the market'. Both him and the LambTroll (are they the same person? ) knew this from the start. Maybe if they're not the same person, they're here for the same reason.
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Take your meds, NLC The cure:
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Hypothetically if somebody offered you guys 5000 USD per BTC that you own (and you had to sign an agreement saying you wouldn't buy any more, that's it, your participation in BTC is over) would you take it right now?
No. I doubt if I ever sell the bastards.
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WTF! Too many " This user is currently ignored." messages.
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it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?
A better question: what the heck was propping it up until now? Mugs like us? Can you honestly say you kept buying all the way to $1200? I'm guessing it was something different from us. @macsga: Dementia-related agitation and paranoia are treatable. Seek help.JJG bought at 1200... then again at 660. Some people are brilliant at calling bubble tops... they just call it the wrong way. When you are describing the circumstances of others, get your facts straight newbie. Dementia agitation treatment didn't work in your case troll... You fool no one here that you're a school boy. Not even yourself. Then you decided to try heavier stuff. Don't you know benzodiazepines are turning you into a moron? Not that you weren't entitled as one anyway; but you know... you're constantly making it worse! Doods! PRETTY please don't quote LambCrap's comments. There's a reason most people have him on ignore. Thanks.
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It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.
its ok 350 is still fair price atm Being here and monitoring the price for about 2+ years now, I can say that the ''patience game'' is not a pleasant one. Causes traders using to reason the price, is not always based on true facts, not to mention the bear-trolls who are using the situation to scare people away, therefore adding more drama to the situation. If you're not patient, or want a quick buck, get out of here asap. If you're here for the long ride, sit back and relax. You will eventually enjoy the ride... I've got quite a decent amount of BTC in cold storage. I've never sold any & I don't plan to, you have to take a risk in life hey? Maybe I'll HODL for 10 years & see what happens. I'm not going to lie though, some days I feel like cashing them all in & going on a 2 month Caribbean Cruise That's what guys like LambThief are here for. Don't let em have it
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It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.
its ok 350 is still fair price atm Being here and monitoring the price for about 2+ years now, I can say that the ''patience game'' is not a pleasant one. Causes traders using to reason the price, are not always based on true facts, not to mention the bear-trolls who are using the situation to scare people away, therefore adding more drama to the situation. If you're not patient, or want a quick buck, get out of here asap. If you're here for the long ride, sit back and relax. You will eventually enjoy the ride...
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Shit. This thing is hilarious! 9 Trillion Dollars Missing from Federal Reserve
That's 9000 individual one billion dollar amounts. 9000 times $1,000,000,000 each in "missing" tax payer printed money. Question? Is this "missing" $9Trillion included in our national debt? Well, considering the Federal Reserve is a privately held bank, with real human beings that can be subpoenaed, in charge of all the Central and "Federal" Reserve banks, who own most of our purchased Congress, it is clear why most of Congress fears them. So everything we have been taught about the US government is just nonsense. Elections and all. Because the banking crime families tell our agency's and government when to sit, when to stand and when to shut the ** up.
http://www.trueactivist.com/gab_gallery/9-trillion-dollars-missing-from-federal-reserve/
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... Adoption or not, you're also here for a reason. The same reason we are all here for. Me you, and even that Lambtroll who I falsely thought he got away, because everybody got him on ignore! Come on Tzupy, say the reason... SAY IT! I'm "here" because I believe there will be a new big bubble in the second half of 2016, and I hope to sell all my coins close to that top, for a massive fiat profit. We say the same thing. You're after fiat, I'm after BTC. Both are considered ''wealth''.
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Hear hear Oda.
Solid reasoningWishful Thinking vs Speculation: 1-0 FTF...etc I'm sure you never got down to the 2nd paragraph. Which is... you know... OK.
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The "adoption" is actually early adopters spending their bitcoins and increasing bitcoin liquidity on the exchanges, resulting in more seller pressure and lower prices. I find quit likely that 1 - 2 months from now the ask sum on exchanges to almost double. Bears rejoice over increased "adoption". Adoption or not, you're also here for a reason. The same reason we are all here for. Me you, and even that Lambtroll who I falsely thought he got away, because everybody got him on ignore! Come on Tzupy, say the reason... SAY IT!
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Hear hear Oda.
Solid reasoning vs Speculation: 1-0
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Launch date set for December 19. CCMF!!!!1
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Right now there is a group of people (ranging between 2-40 million in number) who are willing to hold ~$5 billion worth of value in bitcoin is as much as you can say with confidence.
As of September 10, there were only ~650'000 addresses in the blockchain with at least 0.1 BTC (~50 USD). Assming that a bitcoin user must have at least one address with 0.1 BTC in it, that its an upper bound to the number of bitcoiners. There may be bitcoiners who have their coins scattered into many addresses, all with less than 0.1 BTC. Or bitcoiners who happened to be out of bitcoins on that date, but had more bitcoins at other times. On the other hand, there must be many bitcoiners who own several addresses with more than 0.1 BTC. Threfore, "650'000 bitcoiners" is more likely to be too high than too low. True. Well, almost true to be honest. Judging from myself and close friends of mine, I like my wallets ''tidy''. That means scattering to ie: 1BTC per wallet when the price is below $1000 is not a sane thing to do if you get my point. So I'd say for a person that owns 50BTC the most possible solution is to divide his holdings to 2x20 + 10 on a 3rd wallet. I personally want to scatter my BTC but I feel that dispersion is not always a good thing when it comes to handling. So, a rather pragmatic way to see this, would have been that ONLY when you have big holders their BTCs needs to be sliced to smaller wallets. If a bitcoin owner has only 10BTCs, most probably one wallet fits his needs. Nevertheless, there still are a rather big number of wallets that contain more than 100BTCs; that means even this way of calculating the wallet/users ratio may be wrong. TL;DR: Speculation can't form calculative rules. Of course this is a speculation thread, but I feel you got this wrong (probably me too).
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Well, to me this chart does not show any growth at all in 2014. There were some small peaks in June and in the last few weeks, but they did not reach the levels of Jan--Feb 2014, and the volume quickly returned to the baseline that has been in rule since March.
But, anyway, even this chart does not show use in commerce; it is merely the total BTC output of all transactions (minus estimated changebacks) times the BTC price. So it includes an unknown but large percentage of non-payment transactions. Perhaps the USD volume of payment transactions are increasing, or perhaps it is decreasing; we cannot tell from that chart.
I insist, neither blockchain statistics nor trade volumes give us any useful insight on actual adoption as means of payment. The traffic in the BitPay and Coinbase "wallets", as gathered by that Czech site, would be a more direct evidence (assuming the wallets were correctly identified, which I cannot tell for sure). As I wrote, I have had a look at the Bitpay wallet, and did not see growth in 2014 either. But please check yourself.
Jorge, apart from the fact that Oda.krell has presented solid evidence about his claims, you present your claims without solid evidence. A point that most people forget about bitcoin is the international transaction use. There's a great volume of money being transferred from immigrants to their relatives consistently and solely on bitcoin. Why? because it's easy - safe - fast and doesn't cost a penny. Many people out there saw a relief from the ''usual'' money transfer tactics when bitcoin surfaced, plus the significant fact that when they were illegal immigrants, they usually had to pay more for their anonymity. Commerce comes second on the list. Being adopted by Microsoft, later Paypal (Apple today announced its integration with Paypal BTW), and whatever company sees it as an opportunity to integrate it, has no significance towards BTC price at the moment, because bitcoin is simply VERY SMALL when you compare it to other ways of payment. A direct comparison with Paypal's annual transaction volume will give you the idea what I'm talking about. I'd put my bets that this will significantly change in the near or mid-term future.
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PS: How does the suicide rate on your university compare to others? Is it higher?
THAT was mean...
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Well, while bitcoin adoptoin is growing fast, it still has several problems that need to be fixed until it can easily start going up: - 94k bitcoin will be auctioned in the next months by US Marshalls. - 30k extra bitcoins also auctioned by Australia soon. - 200k recovered frozen bitcoins from MtGox could be returned to their owners at any time. - Less bidders in the recently 50k auction, was also really bearish sign. - Localbitcoin closing their services in Germany. - Bitstamp running out of liquidity and with an extremely thin orderbook. - Big bottleneck in the fiat entries. Won't be resolved until proper regulated bitcoin exchanges or ETFs hit the market. - Finally, 2 month support was strongly broken yesterday night, just until Microsoft news stopped it.
And of course, miners and merchants will keep dumping their bitcoins 24/7 as always.
With all this big bear flags... I'm sorry but I can't be bullish about bitcoin price in the short/mid term. It is probably going to retest lower levels again. Right now there is more downside potential than upside, unless an ETF hits the market.
From the points above, I'd keep the 2 most important: - 200k recovered frozen bitcoins from MtGox could be returned to their owners at any time. - Big bottleneck in the fiat entries. Won't be resolved until proper regulated bitcoin exchanges or ETFs hit the market. Both are very important aspects for a healthy way up. Now, if you want my opinion, retesting lower levels will only be caused as a ''flash crash'', the way it happened so many times before. But IMHO, it will take A LOT of coins to retest such levels at once, even though I don't rule it out as a possibility. If you check out the daily charts, there are two constant walls covering both up and down possibilities. We only see movement in case of someone from either side decides to make a bold move. Then a damped oscillation graph occurs and there's a slight movement towards the previous level. TL;DR: Both of the above must happen for a proper CCMF.
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