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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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July 18, 2014, 09:21:38 PM |
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this is exactly why we aint going anywhere for a "long" time. market awareness has been raised and it will take much more than some top company in to bring bitcoin up to $2, 3, 4, 10k. imho, some good ol' economical crisis would be a fit tho.
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cbutters
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July 18, 2014, 09:27:49 PM |
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I have been doubling my BTC holdings every day since December Assuming you started with a single Satoshi on January 1st, you must own 8034690221294951377709810461705813012611014968913964.17650688 bitcoins by now. You are ALMOST correct. I think the right answer is if he had 1 satoshi on 1/1/2014, and today is 7/18, that is 198 days... Now you can take 1 satoshi * 2 ^ 197 which equals 2.0086725553237378444274526154265e+59 Now 1 satoshi = 100,000,000 bitcoin..... so divide it by that... you get 2.0086725553237378444274526154265e+51 In normal number notation thats: 2,008,672,555,323,740,000,000,000,000,000,000,000,000,000,000,000,000 Thanks for the fun thought exercise.
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Davyd05
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July 18, 2014, 09:32:19 PM |
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I mean we're assuming everyone has fiat waiting on exchange to fire on the announcements of merchant acceptance, which I don't as I've met my hodling goals. My second assumption is that the new bubble will be majorly made of up those who owned no bitcoins.
I was re awoken to the woe of not getting my miner online in 2010-2011 when the silkroad bust came through, after some forum reading I bought coins over a miner and have been happy since.
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David M
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July 18, 2014, 09:38:39 PM |
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...SNIP... market awareness has been raised and it will take much more than some top company in to bring bitcoin up to $2, 3, 4, 10k. imho, some good ol' economical crisis would be a fit tho.
I don't think "market awareness" is the factor. The price run up in late 2013 was (IMHO) based on major merchant acceptance in 2014. Just how many major merchants accept Bitcoin will be the speculation amongst those who bought in during the run up.
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Ivanhoe
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July 18, 2014, 09:43:37 PM |
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It's all about the price, when people understand we won't get down anymore they will buy. This will result in more people buying in and chasing the price. A new hype cycle will start soon. Just have patience.
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edwardspitz
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July 18, 2014, 09:57:33 PM |
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Tinfoil hat on:
During the past few weeks the market has felt manipulated and the manipulation has been going on at Stamp. Like I have mentioned earlier: I would target Stamp if I wanted to manipulate the whole market using as few resources as possible. It has been possible to day trade this if you bought near support and sold/shorted near resistance. My DIY T/A lines have worked well... almost too well, like the whole thing is run by a machine... maybe Jorge is right that someone is trying to keep the market stable this summer. I sense that the wedge pattern (with lower highs) that we have seen up until now is changing. Today we have seen a higher low, and I would not be surprised if we see $640 before $620. Please note that my idea about the pattern change is just a hunch.
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ChartBuddy
Legendary
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Activity: 2170
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 18, 2014, 10:00:12 PM |
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Newbie1022
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July 18, 2014, 10:04:01 PM |
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this is exactly why we aint going anywhere for a "long" time. market awareness has been raised and it will take much more than some top company in to bring bitcoin up to $2, 3, 4, 10k. imho, some good ol' economical crisis would be a fit tho. We'll be at 645 in t-minus three hours. We need to figure out how to get more volume, though.
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Sandia
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July 18, 2014, 10:05:09 PM |
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I mean we're assuming everyone has fiat waiting on exchange to fire on the announcements of merchant acceptance, which I don't as I've met my hodling goals. My second assumption is that the new bubble will be majorly made of up those who owned no bitcoins.
There are a lot of traders sitting on fiat, waiting for a clear direction in the market. If we broke $680, most would buy back in. Otherwise, agreed, we need a lot of new money to get moving. The CEX.io exchange is also good news. They will need to keep coins as a reserve, not dump them all on the other exchanges.
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theonewhowaskazu
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July 18, 2014, 10:07:42 PM |
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I think that the things that drive BTC price up most is those that iNC enticing people to hold it, not spend it. Like when they think that fiat can be confiscated (cyprus). The rest helps but is slower.
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Davyd05
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July 18, 2014, 10:12:54 PM |
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I mean we're assuming everyone has fiat waiting on exchange to fire on the announcements of merchant acceptance, which I don't as I've met my hodling goals. My second assumption is that the new bubble will be majorly made of up those who owned no bitcoins.
There are a lot of traders sitting on fiat, waiting for a clear direction in the market. If we broke $680, most would buy back in. Otherwise, agreed, we need a lot of new money to get moving. The CEX.io exchange is also good news. They will need to keep coins as a reserve, not dump them all on the other exchanges. not so sure, maybe new traders, I would've been back in at 330-400 if I had fiat in my account. However along the manipulation lines...I think it's more of people waiting for the herd...no1 is going crazy now we have the dumper making sure of that but if we had the buyers of November we'd have cleaned this mystery dumper out. I consider dell news worthy of rounding up new joiners by next week. Takes a bit for the info to be believe and digested. Then signing up at an exchange or heading to a bitcoin atm, just takes time.
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Newbie1022
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July 18, 2014, 10:17:24 PM |
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Rupert Murdoch aiming to buyout CNN in order to have a cable news monopoly = impending collapse of society. Buy buy buy buy buy buy buy buy buy!!!!!!!!!!!!!
P.S. -- CNN already kinda sucks, but Jeez.
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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July 18, 2014, 10:20:26 PM |
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wasnt it russian oligarchs that moved from cyprus? cuz i doubt there is money *still hiding in portugal..
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600watt
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Activity: 2338
Merit: 2106
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July 18, 2014, 10:29:35 PM |
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Dell is saying that it only took two weeks to get it done. "an example of the new agile dell"
the third largest private owned company of the u.s. tells the world that bitcoin is easy, secure and "agile"
this is big, imho
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findftp
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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July 18, 2014, 10:34:30 PM |
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Dell is saying that it only took two weeks to get it done. "an example of the new agile dell"
the third largest private owned company of the u.s. tells the world that bitcoin is easy, secure and "agile"
this is big, imho
For me it was Kim dot com announcing that he would accept bitcoin for payment. I know exactly the moment I read it,.. I was like I immediately bought some satoshis because that was the moment for me to take bitcoin seriously as currency. If other people share the mindset, Dell is indeed bigger, much bigger. I could not resist to add some extra satoshis to my account today. Just to continue my strategy.
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BrewCrewFan
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July 18, 2014, 10:36:11 PM |
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What I dont get is how good news after good news comes out, BTC hardly moves up... yet the first sniff at something negative, the markets tank, though short lived most times, but the reaction is so much more quicker.
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dgarcia
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July 18, 2014, 10:42:43 PM |
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.no1 is going crazy now we have the dumper making sure of that but if we had the buyers of November we'd have cleaned this mystery dumper out.
Crazy dumper is surely a offshore buyer. Buying high offshore, selling low on exchanges. A financial troll. After each dump he's reading the Wall Observer:
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criptix
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July 18, 2014, 10:47:44 PM |
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.no1 is going crazy now we have the dumper making sure of that but if we had the buyers of November we'd have cleaned this mystery dumper out.
Crazy dumper is surely a offshore buyer. Buying high offshore, selling low on exchanges. A financial troll. After each dump he's reading the Wall Observer: that just made my day tbh i gonna stock up on bitcoins too, dell accepting bitcoin is definitly big
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