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Phillis
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August 23, 2014, 12:36:04 PM |
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aw, kinda hard to hate on fonzie knowing hes a metalhead. |
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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 23, 2014, 12:52:36 PM |
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My LP collection also includes about 2-300 Hippie/Psychedelic records from the 60/70´s. Shame on me. Maybe that fact makes it easier for you to hate me.  |
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Torque
Legendary
 Offline
Activity: 3556
Merit: 5041
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August 23, 2014, 01:25:32 PM |
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Where are the buyers that are supposed to take us to moon?  |
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Sandia
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August 23, 2014, 01:33:32 PM |
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Where are the buyers that are supposed to take us to moon? I am probably a normal buyer/trader. I am not buying until I can figure out what is happening next. I have been burned 3 times in a week by a big dump (1200, 800 and 1700 coins) within minutes of buying and it has cost me money. I would be happy if that f***ing whale got harpooned.  |
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bigdave
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August 23, 2014, 01:39:53 PM |
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Looks like we are poised for another dump.
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Sandia
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August 23, 2014, 01:49:40 PM |
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Looks like we are poised for another dump.
Hence the lack of buyers and large spreads. |
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Torque
Legendary
Offline
Activity: 3556
Merit: 5041
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August 23, 2014, 01:59:08 PM |
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Looks like we are poised for another dump.
Hence the lack of buyers and large spreads. Hence sellers that dump. |
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Sandia
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August 23, 2014, 02:02:57 PM |
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Looks like we are poised for another dump.
Hence the lack of buyers and large spreads. Hence sellers that dump. Hence the f***ing whale wins. THAT sucks. |
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fonzie
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August 23, 2014, 02:40:43 PM |
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Can anyone remember last July and the trading situation on Gox around that time. There were 10-20000BTC single ask walls @ 75/80/90$ and each time we came close them and took a bite out of it they market dumped a few thousand until every last one was scared. The situation in the last days feels a bit like it.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 02:41:18 PM |
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HOLD ON TO YOUR BUTTS! HOLD ON TO YOUR BUTTS! |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 03:02:58 PM |
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Adam trolling his own thread, disappointing...
oh come on... did no one have a lol from that analogy? |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 03:04:45 PM |
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this is why BitLicense is kinda pointless... |
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edwardspitz
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August 23, 2014, 03:09:19 PM |
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4-500 coin mini walls set up to ensure no-one goes nowhere while the player/s take the w/e off.
Move along, nothing to see here.
Yes it is the perfect time to not open a new position and just enjoy the weekend. I think the next move will either be $550 or $470. I have no idea which. I just added new fiat, but I will most likely not open a position while we remain in this area. High volume events might make me reconsider though. |
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Tzupy
Legendary
Offline
Activity: 2128
Merit: 1074
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August 23, 2014, 03:09:37 PM |
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Adam trolling his own thread, disappointing...
oh come on... did no one have a lol from that analogy? Sorry Adam, I don't even understand it: hold on to your butts??? Instead of a lol, it was wtf for me. And while Bitlicense is pointless for the bottom price, for the next mania phase it might be important. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 03:27:06 PM
Last edit: August 23, 2014, 04:56:36 PM by adamstgBit |
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Adam trolling his own thread, disappointing...
oh come on... did no one have a lol from that analogy? Sorry Adam, I don't even understand it: hold on to your butts??? Instead of a lol, it was wtf for me. And while Bitlicense is pointless for the bottom price, for the next mania phase it might be important. made sense in my head... often things make sense in my head and don't make sense in RL, oh well. ignore me. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 03:41:04 PM |
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4-500 coin mini walls set up to ensure no-one goes nowhere while the player/s take the w/e off.
Move along, nothing to see here.
Yes it is the perfect time to not open a new position and just enjoy the weekend. I think the next move will either be $550 or $470. I have no idea which. I just added new fiat, but I will most likely not open a position while we remain in this area. High volume events might make me reconsider though. +1 thinking the same thing, debating sending more fiat, for the 470 possibility. |
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grappa_barricata
Full Member
Offline
Activity: 154
Merit: 100
playing pasta and eating mandolinos
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August 23, 2014, 04:00:42 PM |
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Sandia
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August 23, 2014, 04:02:01 PM |
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i look at it two ways:
1. For trading, the price doesn't matter; only volatility matters. Everything is just numbers and patterns on a computer monitor. The future did not drop 60 percent since December, only the market did, probably due to old owners cashing out.
2. Fundamentally, a bitcoin price under 700 is cheap. Maybe under 1000. Maybe, realistically based on past prices, 3k is cheap. Consider how widely it can be used, the future in the remittance market, the ETFs (which I think are over-rated), the use as a store of money and replacement for the $21 TRILLION tax haven industry.
Unfortunately, the price is based on #1. I own it long term for reason #2, but trade for reason #1.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 23, 2014, 04:02:05 PM |
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You rarely see them in all the noise, but just now there were multiple substantial buys (total around 500 BTC) to the ask side on Huobi.
you can remove the noise if you use http://bitcoinity.org/ i set mine to only show >1BTC trades |
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Poll
