Solex bought just to troll me. Haha. I wish. There are degrees of boldness and the wall of fame has some real doozies. To be fair, your prediction is milder than most. FWIW, I agree with Ares, we are seeing an upper channel break-out. But is it a fake-out of a break-out? I am sure Rpietila has a view! It looks fair value at 110 right now. I bet you never guessed that!
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Solex bought just to troll me. Long term, everything sub-120 per mBTC is a good buy.
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620kUS to 102, same to 117. I smell a bulltrap forming in the 114 area. This time of the day, there are not so many buyers, even I could crash the price easily, but it is hard to buy back above 100. Below 100 there will be lots of coins to be bought
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1 Satoshi will be on par with the Dollar by the end of the decade.
No it will not.
(If dollar goes so low, it will go extinct.) There is an upper limit for the long term purchasing power of 1 satoshi, and it is not more than $0.01 in today's dollars. Besides wasn't this thread only for quotes, not original research ?
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A put sounds interesting. Now my question would be how to enforce fulfillment of contract.
That would be a problem if you had a history of scamming people, or no history whatsoever. My history is 7 years precious metals dealer with 8-figure sales. Set up a scam accusation thread if you want to know how many people I scammed. Even the ridicule thread is almost dead. Last year I was a victim of scams/defaults of up to $80k. Now you cannot be scammed of this much if you don't have any (Goat? ) Now as you - Goat - are online, perhaps you can pay me BTC700 to the following address (please confirm the address from both email and skype before paying and send BTC1 test case): 1ArJoUdZ1WLFHPe1jQZ1536W7cuCQquUsJ EDIT: Goat sent me email saying that he can only pay thursday. It is OK, I also don't walk around with privkeys to 700,000m BTC
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ya i'd like to buy a PUT
100$ strike price 200BTC
how much?
BTC40, send me PM so we lock-in the price and details. 40BTC or about so that i can sell you 200 BTC for 100$ each anytime before june. an ok deal if you think bitcoin might go down and want to sell them. i'm going to have to pass i just realize i want MORE The premium must be paid in bitcoins of course, because no other method is as fast, cheap and trustable. When you send me BTC200 before June, I will be obliged to send you $20,000, and that is fiat, and may take up to a week to reach you. For this privilege you send me BTC40, this is fair if anything OK, right now it crosses $110, we want to see it play ut before you buy, right
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ya i'd like to buy a PUT
100$ strike price 200BTC
how much?
BTC40, send me PM so we lock-in the price and details.
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We just saw 110 and 102 in the same candle only 2 hours ago!
That fact is instrumental in my analysis. It is called "trading range", and breaking either will be fireworks. However it is a trap nevertheless. If we break to the upside, it is a bull trap. Downside, it is a bear trap.
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Anyone interested in puts? As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin.. Imho, we will see either 110 or 102, one before the other. Prepare accordingly. Can you explain what you are offering? I have read a bit about puts and they don't make a lot of sense to me. If you believe that bitcoin might go down a lot, you sell, and buy back cheaper. If you are not sure, it may go down or not, but that is not certain, and you don't want to sell eg. for tax reasons, you buy a put. For example, now I would sell you a $100 put for BTC.200. MP is selling it for BTC.330 currently so you get it cheaper from me. Put is my obligation to buy bitcoins at the strike price, no matter how low they go in other venues such as Mt.Gox. This put above is current until end of June, and may be exercised any time before. BTC100 face value OK (I want to try even this one time thats why I lowered the minimum). So you pay me BTC20, and your BTC100 will never be worth less than $10,000 until the end of June. Sleep well!
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Anyone interested in puts? As you might know by now, I want to buy bitcoins, and what would be a better way to buy them than giving others permission to sell at lower than current price and net the margin. Worst scenario would be to just net the margin.. Imho, we will see either 110 or 102, one before the other. Prepare accordingly.
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So, we're going to see 95 again?
I think we will not see 95 again, but 100 is irresistible. But you can never know - after hitting 95 it can induce another rout. If 79 does not hold, more retreat. After that even I would consider that we go to 50, and perhaps we would, perhaps not. Even now people are buying because they think that I am a contrarian indicator and my sudden turn to bearishness bodes well for bitcoin. Long term anything sub-100k is a glaring buy.
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My reasoning goes like this - it has to touch $100 before leaving this area.
But touching it induces a panic that may go low or lower. Expect a crash immediately if $102 does not hold. The depth above 102 is $400k.
Do not sell your coins, this is not my intention. Prime your buys between 50-100 when we get there.
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Finnish Bitcoin forum user Kimmo has posted a bounty of 1,000mBTC if you make contact to a senior executive of any of the following companies and post proof that you have made him show interest in Bitcoin: Vitol Glencore International AG Trafigura Cargill Archer Daniels Midland Gunvor Mercuria Energy Group Noble Group Louis Dreyfus Group Bunge Limited Wilmar International Olam International Cheep $300k bounty up for grabs! I am just a messenger.
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Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
I hate it when you say "we will not see $xx again" because when you do we ALWAYS see that number again and it usually doesn't take long after you say it. If you really think so, what a valuable advice! Sell 33% of your bitcoins if the price is above the floor and buy them back when we see it. If we cross 110, we could see a minirally. But bid depth above 95 is anemic, $2m. When I went to sleep not that long ago, it was $2m above 105. Bitcoin is wonderful, because it seems that it is always about the right price. It can always go down as well as up, and you can never be sure. Of course, long term it seems to be going up. Only way to trade profitably is to buy low and sell high. It takes skill to know which number is low and which is high.
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4,97 Finland 4,73 Sweden 4,38 Netherlands 3,91 Estonia 3,81 Norway
I am from Finland, and I have operations in Estonia, and sell to Sweden and Norway. (Also visit Netherlands perhaps 1/yr). Because of my influence that started in Finland long before my coming to Bitcointalk, Finns have bought about 20,000 BTC more than they would otherwise have done. That is not bad considering that it is about 1-2% of the world's mine supply of the period, Finland accounts for 0.1% of the world's population, and there are other bitcoin proponents in Finland whose influence is not accounted for in the number. (In fact, some Finnish bitcoin circles are antagonistic towards me, as they regard me as a newbie because of my low tech skills.) Without these early adopters, I would not have heard about Bitcoin. I truly felt like an old fart, all of 2010-2011, as there was a lively Bitcoin scene partly attached to our superfood- precious metals scene, while personally I felt that Bitcoin was too geeky. After a quite in-depth understanding of what Bitcoin is, it took me more than 12 months to invest. I could not have heard about it, were it not for the early adopters, and needless to say, now it is too late to wait for 12 months if you only now hear of it. Bitcoin is going to the moon and back in 12 months. I have btw never loaded Bitcoin-qt so me and my clients are wholly under the radar of that list
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If we do not breach 95, we have a bullish pattern. If we do breach it, then we will go sub-79.
If we do not breach 66, then we are heading up. If we do breach it, then we crash to 50.
If 50 holds, it is very bullish. If not, I am puzzled. 50 is the line of defence that should hold.
Conclusion: everything that can realistically happen is bullish now. Only "problem" is that if you buy at 100 and you could have bought next week at 50, you net half the amount of coins + feel stupid in the process.
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$50 is the new low!!!
$50 is the new $5, so bitcoin is obviously going to $500 next. I don't mind 1,000% gains even if we go to 50. And will buy more sub-100. Ok if we breach 78, it will likely resume downtrend for a time, but I think we will not see 78 again.
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Holy shit that was a crazy ride. Bought at 103 seconds before it jumped to 111. Don't know what to think now. Still think sub 100s after this thing runs its course.
Sell for 109 wait a couple hours and buy back for 95 Hmm.. Do you think 95 will hold? If it does, we are in an uptrend, defined by the lower bound 50-79-95 (still no pics sorry)! What if there are more coins to be sold after the "big pump of china"? I say sub-100 is a buy, above 100 is not a short-term buy. (Last time I said that, it dropped to 50 in the following day and I kind of felt sucker, buying at 86..)
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