bring it on, my bids are waiting. below 300? I have lost my appetite. |
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someone wanna tell Canada about this dump?  I want my bids eaten too ya know! |
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Gox dump
Yeah, I was kinda surprised not seeing more discussion about that ruling that mtgox would be liquidated. |
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May all your bids be eaten  Cannonballlllll!!!!!!!!! |
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In the meantime, classic accumulation happening at Second Market. They have some 105 000 BTC already.
This thing is going to blow up our minds when it explodes. And it might be soon, this looks to me like 140s last summer.
You mean like before the 266 spike right? I'm getting the same feeling. It's the blockchain heartbeat, bublub bublub... first spike june this year to 5000, fall back to 3000 until october, and then a moon ride to 20,000 starting in october, and possibly escape velocity and no looking back. |
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My crystal ball says it's buying time. And dump at 505 before a whale dumps and takes us down again. Which is pretty much guaranteed to happen  I'm sorry for stopping this rally everyone. I didn't realize i had so much influence on the market. I'll be more careful with what i'm saying in the future.  Credit where credit is due. I missed my buy target weeks ago and I've been hoping for a return to the sub-450 level again. Would you be so bold as to predict the next buy in point? |
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We have a new 3-day low. That's not so bullish. Unfortunate.
Im not sure what you mean by that, yesterday we visited 486 on stamp, not seen that again. BTC china is in a contracting range/wedge. The bullrun is losing momentum but the bias is not bearish. You answered yourself with your last sentence. If we can make a new 3-day low once, we can make it again pretty easily. The next major line of support is at 472.50. If we breach that we're in bear territory, with the next major supports at 454, 400, and 355.50. If we bounce off 472.50 and break above 515, that would be a pretty good bull sign. Between 472.50 and 515 is no-man's land. We float with no conviction in either direction. "They float, they all float." http://youtu.be/ZKc6bHkczgU?t=26m |
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It's true, they can't be spent.
So sad. if they can't be spent can you still sign a message with the private key that generated them? |
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I'm pretty sure the genesis coins are unspendable.
wha, wha, what??!!?  |
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Premise:
We speculate all the time about the price of bitcoin, assuming that when we withdraw our bitcoins they will be worth the same as any other bitcoins, because we expect them to be completely fungible.
I think we all agree that bitcoin should be fungible, but I'm not sure that it's even possible.
Thought experiment:
If Satoshi were to auction off 50 lots of 1.00000000 bitcoin each that would be sent directly from the genesis block, how much do you think they would go for?
Extra credit:
How much if the winners of the auction could meet Satoshi and be in the room when he makes the transaction?
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Are we headed for a retest of 472.50? Is a second rejection of that price level what we're waiting for? Do we need a double inverted head and shoulders at this level?
wall is gone on bitfinex..... surprise surprise... Are you ready for the drop? Then drop it! https://www.youtube.com/watch?v=WDB0HD4J2Ec |
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we are lacking sufficient buy support for a strong rally ATM though. It's weird though how all the buys just come out of the wood works when prices start climbing. I know there is a lot of cash waiting on the sidelines, but it is truly amazing how quickly it all floods in...
ahh, keithers, I think I remember you from the ole days, but now my memories are fading, one thing seems consistent, that cash on the sidelines always seems to flood in when you're least expecting it... |
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As always, media prefer to report sick things done by 0.0000001% of the population, rather than the good done by a ridiculously bigger number. For every article like this one, there should be thousands about the potential contributions of cryptocurrencies to a global economy, about the millions of dollars given to charity by communities related to cryptos, and about how cryptocurrencies are currently teaching so much about economy to all those who take the time to read about them, and making a whole generation rethink what was almost unquestionned about fiat currencies. How perverted they are. well said. sadly i expect more and more of this stuff to show up the bigger the threat of bitcoin grows for existing structures. populism has always been the best instrument to move the masses. the old paradigm will not go down without a fight. interesting times indeed. *edit* I should have said "the ancient paradigm" This shit has been going on for thousands of years. |
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If strong hands includes miners who refuse to sell below $2000, count me in!
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Thanks dude. I always adhere strictly to the first rule, but it does bear repeating  I read the word "borrowed" to invest in bitcoin which i don't yet have enough confidence to do. yes, I understand completely, and it's not something I would recommend to anyone. I think it was Christmas of 2011 when I first borrowed against the unsecured line of credit my bank gave me to buy some 7970's. I've since become addicted to having that access to instant liquidity, and just like my other addictions like beer and cigarettes, I simply write that money off to the cost of my own stupidity. 7970 is a kind of mining rig, correct? No, it's a video card. If so, did it pay for itself, yes. and for how long were you able to use it? I'm still using it, but not for mining anymore, it still kicks some serious ass when it comes to video games though. Did you have to retire it? no. Were you able to sell it to recoup some money, too? I will never sell this thing! It will be put in a museum some day!My answers in RED Thanks... for your responses. I agree that you get even a bigger bonus out of your purchase of the item (the 7970) if you are able to multi-purpose it. yup, it's pretty cool, all 4 can still play video games just fine, but only 1 out of those 4 can still mine at more than 80% load. (that one good card was still doing about 120% above spec before I simply gave up mining on scrypt - not enough amps left to feed the SHA-256 asics, though I am tempted by the scrypt asics, I think that one chain will always be considered stronger than all the others, and anything serious will be built as a sidechain of the main chain.) |
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<snip>
Shmadz does NOT strike me as the saving type, but possibly he is?
nope. you got me pegged, definitely NOT the saving type I mined a bunch of different coins, and have almost none left. Luckily, if things go the way I hope they are gonna go, then "almost none" will be "just enough". |
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Thanks dude. I always adhere strictly to the first rule, but it does bear repeating I read the word "borrowed" to invest in bitcoin which i don't yet have enough confidence to do. yes, I understand completely, and it's not something I would recommend to anyone. I think it was Christmas of 2011 when I first borrowed against the unsecured line of credit my bank gave me to buy some 7970's. I've since become addicted to having that access to instant liquidity, and just like my other addictions like beer and cigarettes, I simply write that money off to the cost of my own stupidity. 7970 is a kind of mining rig, correct? No, it's a video card. If so, did it pay for itself, yes. and for how long were you able to use it? I'm still using it, but not for mining anymore, it still kicks some serious ass when it comes to video games though. Did you have to retire it? no. Were you able to sell it to recoup some money, too? I will never sell this thing! It will be put in a museum some day!My answers in RED |
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Do you guys have an estimate on whats the price of BTC in the next 6 months?
over 1000, but my estimate means nothing. |
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