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njcarlos
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August 18, 2014, 05:37:21 PM |
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Like why did we go from $590 last week to $309 without any big news?
To be fair, there is not much pressure from the buy side. I imagine there are a lot of people wanting to cut losses or take some profits they hadn't yet and were holding out for some rally. The market is looking quite bearish. For all of the cheap coin talk, there are very few people rushing in to scoop up these coins or we'd still be above $500 or $600. Tom Cruise is the man. |
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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fonzie
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August 18, 2014, 05:38:01 PM |
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I´m not sure anymore if high volume arbitrage bots really exist in crypto world. Stamp 472, Finex 462, Btc-e 448, Huobi 459.
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FattyMcButterpants
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August 18, 2014, 05:39:07 PM |
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for all the talk of "short squeezes" on this forum, clearly the real danger from watching BFX and BTCE is leveraging long. we have seen these wipeouts before... and we will see them again, IMO.
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inca
Legendary
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Activity: 1176
Merit: 1000
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August 18, 2014, 05:41:28 PM |
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I still don't get this dump..
Like why did we go from $590 last week to $309 without any big news?
Price driven down by sellers with something to gain. The gain of course is more bitcoin. Expect the price to rise and rise sharply when sentiment on here is at rock bottom. If the price bounces back upwards over the next few weeks and takes 680 then we have a confirmed uptrend which will only be obvious in the rear view mirror. |
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Lowryder
Newbie
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Activity: 30
Merit: 0
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August 18, 2014, 05:42:58 PM |
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Ah the day ( 2013-4-10) when BTC crashed from $266 to $105 (-60%) in 7 hours. Then snapped back to $203 (+95%) in 2 hours. Then took a slide back to $120 (-40%) in 17 hours, after which the trading in Mt.Gox was halted for 10 hours. When the exchange opened at $130, it soon crashed to $65 (-50%) in 1 hour, after which it recovered to $130 (+100%) in 1 hour. 9 hours later we saw $54 (-60%). In 12 more hours it was already $130 (+150%) yet again. ** What am I teaching? That price does not matter. Number of bitcoins matters, and low prices are to be used for buying them, not selling. Thank you  What's the main purpose for Bitcoin? Mean of monetary transaction? I personally just don't see it happening in a long run. This volatile madness will continue for a while. Some will win, some lose. But in the long run, +10 years, it's a no go. Because it won't fit the sole main purpose. Thank you |
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JorgeStolfi
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August 18, 2014, 05:42:58 PM |
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"When they finally get some product from him, even if it is late, junk, and much less than they paid for, they will be thankful and forget the damage and come back the next day for more, nice and smiling."
yeah... oorrrrr they shank the fuck out of the guy with a sharpened screwdriver and leave him full of holes in a puddle of his own blood and relieve him of his cash and stash... but I guess that depends on what neck of the woods you hail from.
Also are you talking from experience? ha ha sounds like you are familiar with waiting around for shitty dealers to me.
Other than that, what a daft example you give.
As you guessed, not from personal experience.  And I bet you have never misused a screwdriver, either. But I have been close enough to people with such personal experience. And it was not funny at all...  |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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August 18, 2014, 05:46:19 PM |
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for all the talk of "short squeezes" on this forum, clearly the real danger from watching BFX and BTCE is leveraging long. we have seen these wipeouts before... and we will see them again, IMO.
Noone can predict the future. But shorting bitcoin at these levels is for people who can move the market or traders who haven't been round the block yet! |
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DutchTrades
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August 18, 2014, 05:46:32 PM |
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I still don't get this dump..
Like why did we go from $590 last week to $309 without any big news?
the only news has been an overwhelming bear market. hell, not even sure this is the last margin call cascade we will see. that's what it looks like anyway. someone probably dumped 2k+ coins and triggered a bunch of stops and then triggered a bunch of margin calls.... But if it where just Margin calls that went off, why don't we recover? |
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Torque
Legendary
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Activity: 3556
Merit: 5041
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August 18, 2014, 05:47:10 PM |
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8$ spreads @ Stamp. Trading like a headless chicken.
Are you holding heavy coins? Are you itching to sell? So heavy... |
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empowering
Legendary
Offline
Activity: 1078
Merit: 1441
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August 18, 2014, 05:48:07 PM |
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"When they finally get some product from him, even if it is late, junk, and much less than they paid for, they will be thankful and forget the damage and come back the next day for more, nice and smiling."
yeah... oorrrrr they shank the fuck out of the guy with a sharpened screwdriver and leave him full of holes in a puddle of his own blood and relieve him of his cash and stash... but I guess that depends on what neck of the woods you hail from.
Also are you talking from experience? ha ha sounds like you are familiar with waiting around for shitty dealers to me.
Other than that, what a daft example you give.
As you guessed, not from personal experience. And I bet you have never misused a screwdriver, either. But I have been close enough to people with such personal experience. And it was not funny at all... Yeah... well I am a very well behaved person nowadays but believe it or not, unfortunately I have seen it all my friend, I have seen it all  Besides I do not know any shitty dealers  |
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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August 18, 2014, 05:49:49 PM |
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OK im getting nervous now
btc-e looks like it may be headed for another leg down, waiting on that 15min MACD on stamp and BFX to confirm down
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empowering
Legendary
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Activity: 1078
Merit: 1441
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August 18, 2014, 05:51:05 PM |
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Bring that shit on This shit is great |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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August 18, 2014, 05:52:31 PM |
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I just noticed that Google is giving result when searching for a public key, just like duckduckgo introduced lately.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2014, 05:53:57 PM |
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OK im getting nervous now
btc-e looks like it may be headed for another leg down, waiting on that 15min MACD on stamp and BFX to confirm down
price isn't going to drop till i go to sleep.... no use staying up late, i stay up till after 1:00am last night, everything seemed fine, then i went to sleep |
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Raystonn
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August 18, 2014, 05:54:38 PM |
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Some moments are for increasing the fiat value of your coins. Some moments are for increasing the number of your coins. This is the latter. These are the days that will define the winners and the losers, the millionaires and the whiners, the successful and the failures. Choose your future now.
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barbs
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August 18, 2014, 05:55:13 PM |
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This is fing wild. What the hell is happening
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2014, 05:56:47 PM |
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This is fing wild. What the hell is happening
+1  |
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fonsie
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August 18, 2014, 05:57:51 PM |
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This is fing wild. What the hell is happening
Everybody is going cut loose, like fallling said. Watch out for the bouncy dead cats. |
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MrBlacky
Newbie
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Activity: 41
Merit: 0
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August 18, 2014, 05:58:20 PM |
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I love it! ) I wonder how low it will go. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 18, 2014, 05:59:38 PM |
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Poll
