Bruce Wagner said: Yes, the "run on the bank" is real. ( No one wants to sell on MtGox
if they can't get their USD out, so it's all buyers and no sellers
over there. )
Thus, the price is artificially inflated at MtGox.
The MtGox "Last Price" is not a valid reflection of the free market
value of a Bitcoin. It is skewed by the situation where sellers are
refusing to sell on MtGox... if they can't get their USD out.
But since everyone looks at the MtGox price as the defacto Bitcoin
price, all the other exchanges values are also affected.
As I said, I predict that it will pass $10.00 per Bitcoin..... before
the MtGox price finally crashes.
is this true, on one can withdraw USD on MtGox? When did he say that? i get e-mails form a Google group |
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Bruce Wagner said: Yes, the "run on the bank" is real. ( No one wants to sell on MtGox
if they can't get their USD out, so it's all buyers and no sellers
over there. )
Thus, the price is artificially inflated at MtGox.
The MtGox "Last Price" is not a valid reflection of the free market
value of a Bitcoin. It is skewed by the situation where sellers are
refusing to sell on MtGox... if they can't get their USD out.
But since everyone looks at the MtGox price as the defacto Bitcoin
price, all the other exchanges values are also affected.
As I said, I predict that it will pass $10.00 per Bitcoin..... before
the MtGox price finally crashes.
is this true, on one can withdraw USD on MtGox? |
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The show is over. I'll be back on monday  To be continued... Kupsi the manipulator! |
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you trying to get banned adam?
no, just having fun posting.... did i say something wrong |
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we are now at 6.30
this is where the "buy back wall" has formed over the last hour.
if we go below 6.20 I'd expect to see a downward tend back under 6$
if we dont, then we willhit 8$ b4 the end of next week
its make or break time
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so far the bid at 6.43 is holding
nope 6.39 now the 6.20 wall just got pulled out... Corection all major walls have been pulled out! all signs are now pointing down Sell all the bitcoins people. we are going to test the lower limit |
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looks like the bear trap is working beautifully everyone is convinced they will be able to buy back at 6.2x lol whats the word again.... got GOXXED?  |
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Wisdom teeth Stem-Cells? Live forever?
9 million bitcoin! |
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Hmmm, well, I was wrong.
8.75 will be the ticket, notice how everyone is scared of this number  |
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The strength of this rally is surprising me. It's insane! Madness. I love it.
To be honest though I do think that around $7 we will start building resistance that will at least temporarily slow down the momentum of the rally.
However I wouldn't bet much on anything right now. It's quite challenging to predict what will happen. One thing I can almost guarantee, there will be more volatility.
Rally is over, technomage had an opinion..  the rally is not over. 8$ in 2 weeks easy! |
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 feels like someone bought up the small amount of asks up to 6.5, and now is hoping to buy ~15K BTC under 6.5 ( brand new bid walls ) |
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It's a free market. If you want something cheaper, do it yourself and take their business.
If you want 0% transaction fees, mine them into your own blocks.
+1 Free market doesn't mean access to it is free, or that you don't get charged to use it. It means that you are free to implement your own service in it however you want to. +1 it could be that in the future they can offer 0% fees for a coin mixing service, thanks to advertisement The fee that we charge is not a transaction fee, it is a service fee. You are welcome to use us like any other wallet, deposit coins and never click the mix button. The only transaction fee that is charged is the standard 0.0005 BTC which we have to include because of the number of competing transactions produced by satoshidice. If you leave your coins on TORwallet for a while, there is a good chance that the coins will be mixed for free, but you can't know for sure. Clicking the button and paying a small fee guarantees that your coins will be immediately mixed.
you see its already started |
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Not that I really want bitcoin to be that explosive right now, but if you're right than all this buying I've been doing over the past few weeks, and intend to continue doing, will certainly have been worth it. IMO, we wont "explode", we'll start to rise slower and slower, 8$ could take 2 weeks, 10$ 4 months, 14$ 1 year but the bull run wont stop their, with a little luck and a lot of hard work, 1 year later a slow and steady rise to 14$ will be accompanied by new innovations in the bitcoin world ( maybe bitcoincard? maybe a new game that uses bitcoin as its currency? ). Adoption hits critical mass, a new wave of buyers comes into play 14$ / BTC is now REQUIRED to satisfie the number of transactions, speculators predict that demand will only grow, and we get a speculative bubble that's Starts at 14$. The bubble hits 100$ per bitcoin (huge amounts of bitcoins are SOLD), but doesn't POP! it fucking stabilizes! 2 months later the world sees bitcoin as a safe way to store wealth, the game is over, world wide people rush to convert their savings to bitcoin, fait is dead over night, 1 year later all we know of the exchange rate is that 1 Big mac cost 0.000001btc or 5.74BTC_v2 Cheers! |
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Will we see a dip this weekend?
My guess is a dip down to $5.70, and back to > $6.00 on monday.
I wouldn't count on it this a good time for miners to sell off coins, not a good time to try and back back lower. |
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I did say that!
Cut me some slack lol, I was so nervous. They didn't tell me it was live until I sat in the chair
Having appeared on Canada's BNN multiple times I can agree that one can get fairly nervous when they know hundreds of thousands or millions of people will be watching. But you did a great job and the more you appear the less nervous you will be. I think you did a great job of responding but doing so in a fairly diplomatic/political way since most people are still in the Matrix. Awesome job! yes that's one thing i noticed, some of what was said "We will put them out of businesses"  wasn't so diplomatic. say "bitcoin is a new competitor to WU and in some ways better." or something to that effect its a good thing you didn't say bitcoin could replace the dollar, the people of the matrix would hate you for it, they love their paper bills, and they dont want to here how its a ridiculous system. it was cool the other guy said that for you "fiat will die, soon too" yes, thank you Dave! |
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I'm wondering about the invisible wall at 6... the psychological one
Paradox! there is no psychological wall at 6, its all in your head man. |
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its funny the other guy next to you (Dave Berch?), appears to be becoming more open to bitcoin
But he doesn't buy the idea of it becoming a, "uhh, World Currency, or, Galactic Currency," or... something. Who proposed Bitcoin as the currency of the Solar System? That was a strange, enjoyable digression. Bitcoin! the only way to trade in the milky way |
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