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1422
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 05:37:42 AM
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Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.
oh really? I'm going in Tera mode for now. Too much resistance. Bid wall removed. Dump incoming. Back to 550  Yes too much resistance. Can I ask where are you trading? I don't. I suck at it. and yet you love to give advice.  like now? Am i wrong? I don't know. you were calling for a dump back to 550 and now you're saying that dumping at 600 is stupid. I respect that you can change your mind whenever you like, but just don't try to pretend like you know what you're talking about. (*edit*- sorry shroomsy, that was a bit aggressive. I don't mean to be mean, I'm just mad that I didn't get more fiat in when it was cheap. just like always.) |
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1423
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 05:22:58 AM
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Here's a tip for those people who keep dumping around 600. If you don't dump the price will go up and your coins will be worth more. Crazy rocket science, i know.
oh really? I'm going in Tera mode for now. Too much resistance. Bid wall removed. Dump incoming. Back to 550 Yes too much resistance. Can I ask where are you trading? I don't. I suck at it. and yet you love to give advice. like now? |
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1426
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 04:13:09 AM
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For all this "we are overbought and must pullback" talk, the truth is that we are consolidating at highs. Historically this is bullish about 95% of the time.
Breaking 600 is a huge psychological deal, so the fact that we are consolidating at 585, just as we did at 495, is no surprise.
One thing we should all remember, is that when the bitcoin trend is up, it is VERY easy to underestimate how far it can go, and how little "overbought" really means in a bull trend.
I don't always agree with windy, but when I do, I agree that upticks without significant pullbacks is incredibly bullish. *edit, forgot a word there* |
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1427
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 03:47:44 AM
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what happened when bitcoin forked?
man, that was crazy times. you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination. personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached. the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show. Bitcoin should just stick to being money, and just get rid of everything else. Money is what moves this world, after all. Why would Louie Armstrong go to the moon when there is no air? Air is necessary for his horn. doh! maybe it was neil? or maybe chuck norris? I can't remember, I wasn't alive back then, and I'm still skeptical about the whole thing, just like the prof  |
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1429
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 03:21:09 AM
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what happened when bitcoin forked?
man, that was crazy times. you ask that to a bitcoiner, and anyone who was in the game at that time will remember where they were and what they were doing.it's like louis armstrong on the moon or JFK assassination. personally, I found out about an hour late, and I was just glued to these forums. I read all the pastes from the IRC chat, and the discussion threads they spawned, and after 4 or 5 hours, it was pretty much over. it was kinda cool how quickly consensus was reached. the motives protecting bitcoin are so simple and so strong, smart contracts and bitcoin-denominated assets and all that is just a side show. Bitcoin should just stick to being money, and just get rid of everything else. Money is what moves this world, after all. |
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1430
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 03:08:14 AM
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Why does igorr keep on saying: This user is currently ignored. Anyone?
He is one of our most intelligent users on here. His contributions, brilliant as they are, however tend to move the markets through their sheer relevance and originality in a way that is unpredictable, maybe even dangerous. It was decided that it would be for the better of all of us lesser users if we are spared the radiating intelligence of his posts, and thus he has been placed on ignore by most. A sacrifice none of us made lightly. The candle that burns twice as bright...well put, it is people like igorr that have convinced me to never use the ignore button. you just never know when a pearl is gonna fall out of a lump of turd. |
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1432
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 27, 2014, 01:35:53 AM
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Look at the 1-day RSI chart. The pattern is repeating. If that's true, we should keep raising to 700-ish, stabilize at 600-ish for a month, and the real bubble begins at July.
everybody goes history does not repeat blah blah blah But i agree this biatch certainly is doing a very good impression of the same thing ... Maybe we should say humans repeating their same mistakes or humans not changing their behaviour in the context of (GREED/FEAR) Further zooming out you will see this pattern has happened 3 times in a row  Nice Chart and very telling. Hope it plays out the same way... I love this chart, it gives me hope that we still have some time before the fireworks/ |
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1433
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 26, 2014, 02:18:48 AM
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This is too fucking fast...
What's going on?
The walls getting eatin' alive I don't care if the fucking roof get's eaten alive If we go thru 600 steadily we are going too fucking fast Look, I'm 100% btc but this is just crazy My dad needs to get his money in though(guy was to stuck up his own ass when price was 430) He'll have to catch the next train. fuck it. I'm not waiting till payday. gonna take a short-term loan, hopefully we get a nice retracement by Wednesday. |
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1436
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 04:58:08 PM
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Re the Willy report: Is this the moment in the animated cartoon when the guy is about to realize that he has stepped off the cliff and has been standing on thin air for a while?  Nothing will change. The bitcoin community is a cult that has repeatedly proven capable of shrugging off the lack of any reasonable foundation to their beliefs. precisely, the cult of curiosity about what could be possible if we were to allow the public to have a say in how their money is governed. It's palpable. even if only a "significant minority" (say one in ten, or one in five) were to even question the issue of traditional money creation, then I would consider that we are at least trending towards truth discovery. |
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1437
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 03:54:17 PM
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http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol interesting. thanks Walsoraj. *edit* Who's blog is that? It seems to be very well written. |
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1438
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 03:50:36 PM
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They've dug some wells in far off lands and provided some surreal sporting moments. I think their market cap is well deserved. And it all ultimately feeds back to BTC. I'll guess that most are using alts to increase their BTC holdings.
sure, that's cool. as long as you're aware that the supply will continue to increase, like, forever? just try to imagine infinity, it's actually harder than it seems. *edit* - assuming we're still talking about doge, that is. |
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1439
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 03:31:11 PM
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Comment on the part where he makes a compelling argument why, all speculative/regulatory/technical issues aside, having the possibility for the first time in human history to work with such a thing as a distributed, tamper proof, public ledger, is kinda a big deal  I am sure you wanted to add "without a specific controlling authority". <snip> sorry prof, but the sooner that humankind realizes that it can self-govern, and people simply start to walk away from the older, pre-internet systems, the better. *edit- hey what the hell? here's an idea for another thesis paper. "Decentralized Governance: a study of self-governing bodies." anyone willing to publish this paper, I am willing to donate .1 BTC to the cause. |
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1440
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Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
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on: May 25, 2014, 02:38:34 PM
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almost 3 k btc dumped and price is still north of 560  c c m f Wait till the whale buys back in.. I wonder how many of the bears (igorr, matthecat, windy) have bought back in.. Windjc said he bought back in ages ago. I don't understand why people such as him get thrown in the perma bear category to the point where we speculate whether they have bought back in or not. Being bearish $100 and 7 days ago means nothing. Same with TERA everyones asking where TERA is but she said herself when she decided to buy back in she was going to have a break from trading so is it surprising that she's not here to give people a run by run play of her trading practice. igorr wasn't a bear just a full on troll, I doubt he even had $50 to short with. Thanks for your opinion. While I know none of these actors personally, I rate those three as such: windy - calls it mostly right, pretty sure he's doing just fine. TERA - same, pretty much. was bearish when market was bearish, I'm fairly certain he's sitting on a large stake of bitcoin and will be taking profit as the price climbs. igorr - is IGORRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR RRRRRRRRRRRRRRRRRRRRRR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! |
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