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ShroomsKit
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September 21, 2014, 11:35:17 AM |
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waiting for 300$... we really have to hit the real bottom before new pump
Because after it hits 300 it will magically go up. Good reasoning. |
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findftp
Legendary
 Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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September 21, 2014, 11:35:21 AM |
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Pala_00
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September 21, 2014, 11:38:07 AM |
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S3052
Legendary
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Activity: 2100
Merit: 1000
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September 21, 2014, 11:38:57 AM |
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I'm calling it nowEverybody that has bought in at under $500 has been feasting on the bargain of the century. Check itThis chart is consistently reaching new highs. Transactions volume is going through the roof ALMOST DOUBLE IN THE LAST 6 MONTHS!. Gentlemen this is the moment of truth. Do you beleive in the fundamentals of Bitcoin? If you do then there has never been a better time to invest. I say that as somebody that was there in 2011 at the sub $10 prices before and after the Gox $30 bubble. The risk back then was astronomically greater than it is today. Back then there were a couple of hosting providers accepting BTC and that was it.. as recent as 2012 the best place to spend BTC was the Bitcoin Savings and Trust ponzi ffs... today bitcoin is giving birth to an entire industry and is being taken seriously by the world at large, including central banks, governments, regulating bodies. Countries like the UK don't want to miss the chance to become the next silicon valley... they want the innovation in their own country... expect to see fierce competition as each country tries to attract the Bitcoin businesses. People said 2013 would be the year of Bitcoin, then they said 2014... I truly believe that 2015 will be the year of Bitcoin and I fully recommend that you buy as much as you can at these low prices before you miss the boat. I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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September 21, 2014, 11:54:56 AM |
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snip
I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot moreThe fundamentals are strong outside China. But unfortunately most BTC trading is still in China, and as long as the PBoC's stance on BTC doesn't improve, for the Chinese BTC is a sort of digital tulip bulbs. |
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findftp
Legendary
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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September 21, 2014, 12:01:02 PM |
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snip
I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot moreThe fundamentals are strong outside China. But unfortunately most BTC trading is still in China, and as long as the PBoC's stance on BTC doesn't improve, for the Chinese BTC is a sort of digital tulip bulbs. Yes, the functionality of bitcoin is totally dependent on the Chinese. Thank god there are Chinese people on this earth, without them the world would stop spinning. /s |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 21, 2014, 12:01:25 PM |
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hdbuck
Legendary
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Activity: 1260
Merit: 1002
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September 21, 2014, 12:06:22 PM |
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snip
I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot moreThe fundamentals are strong outside China. But unfortunately most BTC trading is still in China, and as long as the PBoC's stance on BTC doesn't improve, for the Chinese BTC is a sort of digital tulip bulbs. Yes, the functionality of bitcoin is totally dependent on the Chinese. Thank god there are Chinese people on this earth, without them the world would stop spinning. /s 1,357 Billion Chinese people & Discuss Fish is now n°1 mining pool gogo China?! ^^ |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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September 21, 2014, 12:09:19 PM |
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snip
I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot moreThe fundamentals are strong outside China. But unfortunately most BTC trading is still in China, and as long as the PBoC's stance on BTC doesn't improve, for the Chinese BTC is a sort of digital tulip bulbs. Yes, the functionality of bitcoin is totally dependent on the Chinese. Thank god there are Chinese people on this earth, without them the world would stop spinning. /s 1,357 Billion Chinese people & Discuss Fish is now n°1 mining pool gogo China?! ^^ /s |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1759
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 21, 2014, 01:01:24 PM |
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NotLambchop
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September 21, 2014, 01:21:51 PM |
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Without them, the world would not stop spinning. The same is true for mankind as a whole. Not getting your sarcasm. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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September 21, 2014, 01:27:16 PM |
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Finex: USD 0.0675% 0.118% 19,981,943.88 USD BTC 0.0368% 0.0085% 10,122.85 BTCLTC 0.0482% 0.0623% 132,347.66 LTC Squeeze is coming!  What's it mean?! |
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jeezy
Legendary
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Activity: 1237
Merit: 1010
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September 21, 2014, 01:28:18 PM |
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That one guy on Guam is like...  |
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Hunyadi
Legendary
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Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
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September 21, 2014, 01:29:10 PM |
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That one guy on Guam is like... That guy has red nails...  |
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edwardspitz
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September 21, 2014, 01:32:27 PM |
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That one guy on Guam is like... That guy has red nails... ....that one guy on Guam is getting whipsawed while his wife is enjoying a weekend on the beach  |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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September 21, 2014, 01:33:22 PM |
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The fact the price can hover so close to the 'bottom' without resistance tells me there is more room to stop. China seems tempted to push for a new low right now.
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bigdave
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September 21, 2014, 01:35:36 PM |
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Unless something changes I think we're poised to go back down to the 380s.
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Sandia
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September 21, 2014, 01:36:03 PM |
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Finex: USD 0.0675% 0.118% 19,981,943.88 USD BTC 0.0368% 0.0085% 10,122.85 BTCLTC 0.0482% 0.0623% 132,347.66 LTC Squeeze is coming! What's it mean?! Interest rate for longs and shorts is about equal, which is very rare. Shorts are usually very, very cheap. The number of shorts is huge. If the price rises significantly, they will be closed (buying btc) which will accelerate a rise. |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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September 21, 2014, 01:40:26 PM |
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Without them, the world would not stop spinning. The same is true for mankind as a whole. Not getting your sarcasm. Without them the hard drives of the world would spin less.... or at least cost more to spin... Thank you China... you make our happy meals possible (edit- I never eat MacDonalds) |
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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September 21, 2014, 01:52:12 PM |
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I agree that fundamentals are strong.
But the technicals are very bad and even if fundamentals remain strong, prices can go down a lot more
This. The market price appears to be have been dictated much more by speculative demand than fundamentals for a long time now. It's entirely possible we're still far, far above any price supportable by non-speculative use. In that case the fundamentals are catching up to investor expectations, but may be lagging significantly behind. TL;DR: Bitcoin appears to be doing fine. That doesn't tell us much about what the expected price of BTC should be. |
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