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Jesus... the price rises a few percent by Chinese manipulators and y'all falling back to your delusions again...
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For the same reason everyone buys bitcoin; to sell to the next bagholder for a higher price. Gimme those dollars baby!
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With the biggest governing bodies of the world; USA, China, Russia and EU cracking down on bitcoin while making sure the established banks now own the patent to the technology, the scam the community is making out of bitcoin is so obvious it's mind-boggling how people don't see it.
Charging over $400 real dollars for a made up virtual token that will be one of the most illegal things in the near future? What? Yes... this is what greed and ignorance does to people.
We had a great idea, they took it from us. Don't let them or the remaining scammed take your hard earned money as well. At best the value of btc will be around $30-50 when used in a niche of underground illegal activities.
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I'm absolutely laughing my a** off here. You must feel like a complete douchen buying at 470 or whatnot and see it go up in smoke in seconds. Now desperately trying to make people buy your bags before it crashes sub 400.
How many of you got your finances burned to ashes today? Just curious...
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When everybody wants to sell coins and nobody wants to buy coins, you get a crash.
Which is exactly what's happening right now... people don't believe in bit coin, they don't use bitcoin as we envisioned, they don't want bitcoin. Face it, the only thing anyone holding bitcoin right now wants is getting rich in USD or whatever local fiat currency they use. |
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Looks like you got your answer xD
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Waiting for that PGP signature or movement of coins from the first blocks... let me guess, not going to happen.
This guy totally doesn't fit the profile of Satoshi.
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The explanation is an extremely small market where relatively small trades by slightly more wealthy people can move the entire 'economy' of the currency in a blink of an eye.
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Maybe a small run-up towards $500 before early next year new EU and US legislation criminalize all possession and use cases of unlicensed (read: not government/bank controlled) digital/virtual currency. I suspect this will bring the prices down well under $50 before it slowly fades away into a distant memory of what could have been.
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People have been shouting 'Collapse of the economy soon!" For over two decades now... not going to happen.
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To our big surprise the big dump has been postponed. It will come soon but we may stay at current levels a bit longer.
Notice how there's an enormous pressure keeping it under $400? There is theoretical room to temporarily go up but there's a lot of pressure to keep it down. What do you guys think is going on here?
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Lol. A $5 drop is barely significant, with something as volatile as bitcoin. Sure, a $20 drop will catch our attention, but $5 drops happen every hour.
Edit - Oh, look! $399! Stop being so butthurt that you sold before the rise. Believe in bitcoin, and it will believe in you.
Where you see 399? I am always talking about Bitfinex-Price, not the Chinese faked ones. it's 391 now on preev, this si hardly a difference versus 399, it does not matter a single bit people should really stop panicking for a small variation like this For many people losing 2-3% of their money is a big deal. Although in short term it can lead to similar profits of course, it's a risk that one should not take lightly. In the end every bitcoin holder will lose it all, if not for the scheme collapsing it will be for the many technical flaws, if not for the flaws it will be for government crackdown (as we see happening in EU right now). This thing and the people in it is starting to look more like a religion every day. |
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Yay for manipulation and bots on a fake market.
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It is just the beginning.
End of year is coming, people are getting paid end of year bonuses, and some of them are buying BTC, it seems
If anything people get money out of btc in order to cover for the huge holiday expenses. December and Januari are the months of highest debt rates so you can draw your own conclusion as to what people do with their money. |
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Weekend target 420$... But I would be satisfied to close my long at 405$.
Better get ready... 2565 atm and not slowing.. You realize the entire Chinese bitcoin market is fake right? This short ramp up will only make it fall Harder. We will see how the weekend ends. I'm guessing it will be bloody... |
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Just a heads up from our analysis team.
We suspect the price will take a hard hit twice this weekend resulting in prices around the $300 mark and recovering to around $320 towards the end of the weekend.
Several big players are making some moves in response to the Goldman Sachs patent.
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I've been saying to get your money out of this thing for ages now. Development has pretty much stopped, with that any chance for success went down the drain. This is it, don't lose it all guys. This thing is coming down hard.
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You forget one problem for this mass adoption... It won't happen because bitcoin doesn't scale.
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Whooptiedoo.... and it's as fake as it's always been...
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So... you're saying criminals do things that are illegal? Now there's a revelation if I've ever seen one...
Bitcoin will be offlimits for law abiding citizens that don't want to risk spending their lives in jail.
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