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Author Topic: $486 WOT the hell is going on????????  (Read 7530 times)
veryscared
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November 04, 2015, 01:09:23 PM
 #1

wots the reason for this i know its based on the capitol controls in china but this is madness eny news i dont no about ? ? ?
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BitcoinRepublic
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November 04, 2015, 01:12:25 PM
 #2

wots the reason for this i know its based on the capitol controls in china but this is madness eny news i dont no about ? ? ?

Did you see this:

https://www.btcc.com/news/article/btcc-now-accepting-direct-bank-deposits

BTCC Now Accepting Direct Bank Deposits
Nov 02, 2015

Recent bitcoin price increases have reignited enthusiasm in buying bitcoin. BTCC is confident this trend will continue. As such, we are pleased to announce that we now accept direct deposits.
 
Customers now need only log in, click on “Account,” then “Fund,” and then select the “Bank Deposit” option to fund their BTCC accounts through their bank accounts. All customers who have Chinese bank accounts will be able to make direct deposits through ATM transfers or online banking.
 
BTCC will stop accepting customer deposits through agents on November 15.
Alley
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November 04, 2015, 01:13:16 PM
 #3

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.
Hunyadi
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November 04, 2015, 01:15:22 PM
 #4

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

Exactly!

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veryscared
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November 04, 2015, 01:16:11 PM
 #5

so wot does this mean then china can trade freely with the rest of the world for the not so average joe without being restricted by paypal, mastercard ?? this is an exchange in china yes
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November 04, 2015, 01:17:31 PM
 #6

Blockchain is on a verge to go mainstream, enjoy the ride!
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November 04, 2015, 01:19:09 PM
 #7

wots the reason for this i know its based on the capitol controls in china but this is madness eny news i dont no about ? ? ?

self feeding, there need be no real reason behind a bubble, only that there are people that do not want to miss out, and holders that will only exit much higher. New entries for cash, a pop in price, a panic buyer, an optimistic holder = bubble insanity

Those who hold and those who are without property have ever formed distinct interests in society
Ankara
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November 04, 2015, 01:21:05 PM
 #8

You don't need to be scared, next stop is 1000$. People wait for this time in 2 years. Now what a time to be alive!

Goes tooooo.............
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November 04, 2015, 01:54:50 PM
 #9


It's all moving too fast and definitely looks like a bubble not as steady growth. It will burst eventually, but I hope the new low will settle above $350.

Or maybe I'm just butthurt for selling at ~430 and chances of buying back at 414 look rather pale.

Blockchain is on a verge to go mainstream, enjoy the ride!

Most mainstream mentions of 'blockchain' (or 'blockchain technology) don't involve Bitcoin.
r0ach
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November 04, 2015, 01:56:45 PM
 #10

Or maybe I'm just butthurt for selling at ~430 and chances of buying back at 414 look rather pale.

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azguard
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November 04, 2015, 02:51:29 PM
 #11

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

its exploding right now how know on what price will be held cuz price change every minute



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God Donut
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November 04, 2015, 03:01:47 PM
 #12

It looks very much like a bubble right now. There were no big news that could justify such gigantic price spike
LEONPATTON
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November 04, 2015, 03:04:24 PM
 #13

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

Exactly!

I fully agree it is undervalued when considering not only the market cap but the entire ECO system surrounding BTC. FACEBOOK is massively overvalued at 200 billion. Its use is limited and it wont last 20 years. Bitcoin will still be around in 20 years and its value will far exceed anything Facebook ever achieved.
gentlemand
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November 04, 2015, 03:10:41 PM
 #14

More people are buying than there are selling. Er, that's about it. If there'd been a rise another time there would've been good news somewhere to pin that on too. Good news is a remote player at best. Only bad news gets the job done.

Amph
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November 04, 2015, 03:14:53 PM
 #15

It looks very much like a bubble right now. There were no big news that could justify such gigantic price spike

how so?

did you look around recently

https://bitcointalk.org/index.php?topic=1220428.0

this one alone can be the reason, no need to add the other

there is not much sense to talk about a bubble when the price was very shitty before
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November 04, 2015, 03:19:55 PM
 #16

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s
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November 04, 2015, 03:34:51 PM
 #17

Most mainstream mentions of 'blockchain' (or 'blockchain technology) don't involve Bitcoin.

What's the most secure blockchain out there?  Shocked Mhhhm, Bitcoin.
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November 04, 2015, 03:49:38 PM
 #18

China controls the btc price, bad news instant crash good news instant pump. Or so it seems.
Jon Connor
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November 04, 2015, 03:56:20 PM
 #19

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

The same people who bought at 1100, 1000, 900, 800, 700, ect. 500 is still a great buy if we are going back to at least our ATH
BitcoinRepublic
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November 04, 2015, 04:15:06 PM
 #20

Bitcoin was heavily undervalued.  1 billion invested in infrastructure.  Only 3 billion market cap?  You do the math.  It was bound to explode.

But no one will buy at $500 because who spends $500 on a coin really?

/s

The same people who bought at 1100, 1000, 900, 800, 700, ect. 500 is still a great buy if we are going back to at least our ATH

In 2013, the all time high (£1200) was 24 times of the price before the jump. The bitcoin was around $220 before the jump. The new ATH could be $5000 this time.
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