dopamine
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:22:18 PM |
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Learn to read charts people we just had a break out next resistance is 14.
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Bitcoinica still has not given me 50% of my claim of 600 BTC INTERSANGO can go down with bitcoinica for abandoning customers Alberto Armandi is a SCAMMER
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conspirosphere.tk
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Activity: 2352
Merit: 1064
Bitcoin is antisemitic
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:24:54 PM |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx.
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pyromaniac
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:25:19 PM |
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There is two ways of current situation: 1. Bubble will pop after raising around 17 BTC then goes down to 1.99 1. Bubble will not pop and the price goes to 30 and up.
may I rent your crystal balls some time? (no pun intended) Sure I haven't crystal ball, it's just a humble opinion. https://bitcointalk.org/index.php?topic=100562.0
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 15, 2012, 07:25:36 PM |
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If history repeats itself, there will be a 100% increase in a very short period, then the bubble pops.
Last time it was a 3800% increase in 2 months. this will not happen, this only happened because people were thinking this was it, bitcoin was going to take over. no one is that naive anymore.... as long as people with money believe that, i am ok ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) No one believes that whats driving up the price is the thought that, as long as bitcoin continues to grow and improve, everyone holding will continue to hold, no matter what the price.... we see no sign that bitcoin will ever stop growing, so....
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adamstgBit
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Merit: 1037
Trusted Bitcoiner
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:28:09 PM |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more
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pyromaniac
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:36:14 PM |
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If history repeats itself, there will be a 100% increase in a very short period, then the bubble pops.
Last time it was a 3800% increase in 2 months. this will not happen, this only happened because people were thinking this was it, bitcoin was going to take over. no one is that naive anymore.... as long as people with money believe that, i am ok ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) No one believes that whats driving up the price is the thought that, as long as bitcoin continues to grow and improve, everyone holding will continue to hold, no matter what the price.... we see no sign that bitcoin will ever stop growing, so.... The problem is nobody knows and haven't any signs. Dump will be sudden and dramatic.
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Serge
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:41:07 PM |
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The problem is nobody knows and haven't any signs. Dump will be sudden and dramatic.
At this point it depends whether demand winds down or not
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cheat_2_win
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 07:55:52 PM |
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There is a huge amount of buy orders stacked up, if someone want to dump the price bellow 9 dollars they will probably need more than 15% of the generated coins. If this is a bubble then it's hard to see how it can do any major damage at this stage unless it keeps building to over $20 and causes a panic.
Are you sure? 15% of the generated coins is more than 1 million.
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yochdog
Legendary
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August 15, 2012, 08:02:48 PM |
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There is a huge amount of buy orders stacked up, if someone want to dump the price bellow 9 dollars they will probably need more than 15% of the generated coins. If this is a bubble then it's hard to see how it can do any major damage at this stage unless it keeps building to over $20 and causes a panic.
To dump it below $9 would take less than 75,000 BTC on MTgox. Look closer next time.
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kentrolla
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:06:34 PM |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more plz elaborate on this issue. Are you saying that if bitcoin got too big it wouldn't work?
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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anu
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RepuX - Enterprise Blockchain Protocol
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August 15, 2012, 08:10:28 PM |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
It would take a bit more that that to hold it there. It'll just bounce back.
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yochdog
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August 15, 2012, 08:15:39 PM |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
It would take a bit more that that to hold it there. It'll just bounce back. LOL. sure it would. Instantly I'm sure.
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yochdog
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:16:41 PM |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more plz elaborate on this issue. Are you saying that if bitcoin got too big it wouldn't work? The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days.
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I am a trusted trader! Ask Inaba, Luo Demin, Vanderbleek, Sannyasi, Episking, Miner99er, Isepick, Amazingrando, Cablez, ColdHardMetal, Dextryn, MB300sd, Robocoder, gnar1ta$ and many others!
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kentrolla
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:19:16 PM |
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When are we going to see the price settle back down for a brief interval before resuming its inexorable upward plod?
When s/t bad happens (like Gox). e.g. Pirate vanish. Then BTC would be famous as the only money backed by drugs and ponzis. (Not that I would not invest any more in it) Or when ppl figures out that the blockchain growth is not practical and/or cannot sustain a serious traffic of Tx. yes this is one issue that, if not solved. could kill bitcoin... the buying of drugs online using bitcoin will continue. but people will stop believing it will ever be anything more plz elaborate on this issue. Are you saying that if bitcoin got too big it wouldn't work? The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days. isn't the solution to this just having online wallets? it's my understanding that blockchain.info doesn't have access to your wallet and even if the website went offline you would still have access to your coins. Whats the downside to online wallets if this is true? Do you have to download the blockchain to get your coins if they go offline?
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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proudhon
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August 15, 2012, 08:24:06 PM |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
Where are you getting your data? This shows that it would take ~97,000 BTC to drop the price $8. 300k BTCs would push the price all the way down to $1.15.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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yochdog
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August 15, 2012, 08:33:11 PM |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
Where are you getting your data? This shows that it would take ~97,000 BTC to drop the price $8. 300k BTCs would push the price all the way down to $1.15. People want to pretend there is more demand than there really is.
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kentrolla
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
August 15, 2012, 08:39:09 PM |
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I'm a fair bit out but it would take just under 300k BTC to drop gox to $8 on the USD, Euro and GBP exchanges, about 3% of total coins.
Where are you getting your data? This shows that it would take ~97,000 BTC to drop the price $8. 300k BTCs would push the price all the way down to $1.15. People want to pretend there is more demand than there really is. I think hes adding up all the different markets to get his 300k figure. yea, if you sold 300k btc's all on the mtgox/USD market then it would go to 1.15. why would someone do that when they could sell in a lot of different currencies and get a lot more money out of them? i think you guys are assuming that the mtgox/USD depth is all that's there.
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█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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August 15, 2012, 08:43:47 PM |
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yea, if you sold 300k btc's all on the mtgox/USD market then it would go to 1.15. why would someone do that when they could sell in a lot of different currencies and get a lot more money out of them?
i think you guys are assuming that the mtgox/USD depth is all that's there.
It's the same bid orders converted to different currencies.
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Piper67
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August 15, 2012, 08:44:44 PM |
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The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days.
This is not really an issue. https://bitcointalk.org/index.php?topic=99742.msg1093235#msg1093235Besides, there are many fantastic alternative clients that don't require a full node. I assume only miners and Bitcoin enthusiasts will run a full node in the future anyway. Yup, nothing stopping you from just running a client in the background. 2 gig? No big whoop, really.
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yochdog
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August 15, 2012, 08:46:34 PM |
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The entire blockchain is approaching 2 GB rapidly and accelerating. This will pose a problem down the road as just downloading the blockchain will take days.
This is not really an issue. https://bitcointalk.org/index.php?topic=99742.msg1093235#msg1093235Besides, there are many fantastic alternative clients that don't require a full node. I assume only miners and Bitcoin enthusiasts will run a full node in the future anyway. Yup, nothing stopping you from just running a client in the background. 2 gig? No big whoop, really. 2 GB now.....the growth rate is accelerating and will be much, much larger in a year.
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