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2121  Economy / Speculation / Re: A Day in the Life of a Ripple Day Trader on: March 22, 2014, 06:16:07 AM
what does it have to do with ripple?

Can't you see from the article? Ripple has re-invented banking!

All bitcoin ever did was make banking obsolete.
Oh I see. I somehow missed the one paragraph about ripple.

Well, ripple can only do what it does because it is centralized.
2122  Economy / Speculation / Re: A Day in the Life of a Ripple Day Trader on: March 22, 2014, 04:18:14 AM
what does it have to do with ripple?
2123  Economy / Speculation / Re: WHAT ARE U GUYS WAITING FOR? on: March 22, 2014, 04:13:35 AM
I'm waiting for macd
2124  Economy / Speculation / Re: What'd happen if Satoshi dropped all his BTC into the market? on: March 21, 2014, 11:57:50 PM
2125  Economy / Speculation / Re: Don't panic on: March 21, 2014, 11:13:31 PM
I prefer my strategy of using TA to place buys. I might not get the exact bottoms but I won't end up going down with a sinking ship one day either.
2126  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 01:30:16 PM


This should be a tough support level. A good bounce at least.
2127  Economy / Speculation / Re: why does the price keep falling? on: March 21, 2014, 12:34:47 PM
It went too high in 2013 and then the trend diverged and then major market sectors got cut off and then the trend diverged even more.
2128  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:58:30 AM
This seems like the drop to $80 b4 the run up....


That's ridiculous. There are no similarities at all.
2129  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:46:34 AM
Lesson learned!
Never ever go bullish again  Cheesy Cheesy Cheesy Cheesy
It didnīt feel right anyway  Wink
Shorting all the way down to 300$
No the lesson is to follow the daily chart over what is going on in smaller charts.

I did bet my money on the 3d macd(gamblin), well that didnīt work out. Cheesy
You mean you bet on something that didn't even happen yet. You can't pre-empt the indicators and predict what they are going to do.
2130  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:42:15 AM
Lesson learned!
Never ever go bullish again  Cheesy Cheesy Cheesy Cheesy
It didnīt feel right anyway  Wink
Shorting all the way down to 300$
No the lesson is to follow the daily chart over what is going on in smaller charts.
2131  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:36:49 AM
I would have added to my short at 592 but finex didnt follow stamp up there.
2132  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:23:16 AM
Why is 'what bobby lee said' always in some some kind of news article? Who cares? What makes anything he says credible? In fact I think he's a known pumper, right?
2133  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 11:00:36 AM
I think there's a serious cash flow issue in China. Every since there was the news about the QR code apps getting banned, charts at Huobi started looking like charts from mtgox.
2134  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 10:56:31 AM
Huobi has been trading just like gox when it was dying.
2135  Economy / Speculation / Re: All these people claiming 1 BTC = 1 million+ on: March 21, 2014, 03:31:01 AM
Why is it so unbelievable? As long as bitcoin gains mainstream adoption, 1mil (of purchasing power) per bitcoin is inevitable.

1. The ~10 minute confirmation time
2. The reliance on set encryption protocols which could be broken in the future (EC and SHA256). For something to become as big as a world currency, it needs to be trusted that the technology would last hundreds of years.
3. The blockchain size.
4. The amount of resources that the client uses on a device.
5. Other scalability issues, such as the amount of transactions which can be handled per minute.
6. Irreversibility of transactions.
7. The extreme ease of the average person losing coins due one of many vectors of mistakes and hardware failures, or hackers.
8. The technical difficulty for the average user trying to even use it.
9. Bitcoin commerce and usage has mostly formed within centralized entities even though it is supposed to be decentralized.
10. There are still humans who ultimately control Bitcoin and who must be trusted by its users, even though the system is supposed to be decentralized.
11. Volatility - it is not an attractive store of value for someone who just wants to use it as a store of value or a currency and isn't into investing or speculating.
12. The present distribution of wealth.
13. The reliance on the internet in order to function.
14. Also, what happens if the internet is split apart due to government firewalls.
15. Governments, corporations, and hackers could ultimate control and restrict Bitcoin usage if they really wanted. And mass adoption will not be reached when users have to do it illegally, run tor, and run checks on every client they download to make sure it isn't a hacked client. Even tor traffic or bitcoin traffic over tor could be blocked too by smart routers.
16. Some of the worlds most powerful contries have already banned or restricted it.

** add more here ** - anyone else is welcome
2136  Economy / Speculation / Re: SecondMarket Bitcoin Investment Trust Observer on: March 21, 2014, 03:07:47 AM
Does anyone have the updated number of the amount of coins that SecondMarket currently holds, including subtracting any sales?
2137  Economy / Speculation / Re: Don't panic on: March 21, 2014, 03:04:03 AM
No panic here, BTC is on sale this week.  Smiley

Was it on sale at $800? $700? $400?
According to some people here, btc is always on sale until it reaches $1,000,000
2138  Economy / Speculation / Re: Don't panic on: March 21, 2014, 12:26:03 AM
Currently price is dropping because gox coins being dumped on the market.
No proof, just my opinion based on the price action.
Not enough volume.

Sure it is, nothing says all the coins have to get dumped in one fell swoop and certainly not by a single entity.  Perhaps this is simply a prelude ..
With this tiny volume, prices can be going down simply because of a lack of buying - there doesn't have to be a huge seller. Given that most of the volume on any exchange is daytraders, I don't think there's even enough volume to buy the 3,600 coins that are mined per day, and prices are just slowly bleeding out. I have never seen such a consistent low volume accompany a decline in bitcoin before - it is looking really bad. There's just no interest for some reason. If someone was actually dumping a load of coins, at any rate, the decline would be a lot worse, and you would see more volume to accompany it.
2139  Economy / Speculation / Re: Do you think the alt-coin crash is hurting bitcoin? on: March 20, 2014, 11:54:45 PM
Yes.

Altcoins are now mostly dead to the threats/FUD about btc-e, and alt-coins were one of btc's biggest businesses.  This represents yet another sector of the market leaving, like gox and China. Now people are selling their bitcoins instead of holding them on altcoin exchanges to trade altcoins and there is a reduced incoming interest into crypto as well.
2140  Economy / Speculation / Re: All these people claiming 1 BTC = 1 million+ on: March 20, 2014, 11:50:02 PM
The people saying this are dreaming that bitcoin becomes a world reserve fiat currency as big as the USD (or bigger), but BTC has too many flaws to do anything like that.
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