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Newbie1022
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October 26, 2014, 12:52:51 PM |
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The shorts turned themselves into a target. It isn't pure TA. It's... the shorts got carried away and are going to get burnt now. The question is whether the burn is slow or fast.
you know how many times I've heard this here ? lets see if it is different this time.... I guess I am coming from the perspective of... if I were a whale, I'd be going after the shorts right now. why arent you a whale already? Working on it. Working on it. |
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acsalles
Member
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Activity: 343
Merit: 11
Rangers.Protocol
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October 26, 2014, 12:53:27 PM |
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Guess what ?
Pump and .........
Boring.
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jonoiv
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October 26, 2014, 12:55:42 PM |
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Math hole  what is 33,000% of 0 0 ? |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 26, 2014, 12:58:51 PM
Last edit: October 26, 2014, 01:28:16 PM by mmitech |
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A shit lot of banks failed the stress test, so let's put our money in a currency that lost 70% of it's value in less that a year!
Yay
The same currency gain 33 000 % over 5 years Maybe I have a hole in my maths. It came from nothing, so how can a percentage gain be worked out? it didn't come from nothing, when you mined Bitcoin you did basically have a cost of production which was pretty much the cost of electricity when leaving your computer ruining all the time, which at the time wasn't that big cost (CPU mining) $1= 1,309.03 BTC and Theymos thought it was overpriced  which really was at the time, considering that anyone could mine more for the same cost. |
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Newbie1022
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October 26, 2014, 01:00:23 PM |
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Get your cheap coins... bahahahaha... cheap coins everybody. They'll never be at $XXX ever again. Nobody wants to touch these things with a metal dildo. It might not matter that the shorts have gone crazy. Demand = Zero!  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 26, 2014, 01:00:38 PM |
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touhonoob
Newbie
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Activity: 42
Merit: 0
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October 26, 2014, 01:05:11 PM |
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just another bull trap
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Wandererfromthenorth
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October 26, 2014, 01:06:31 PM |
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Get your cheap coins... bahahahaha... cheap coins everybody. They'll never be at $XXX ever again. Nobody wants to touch these things with a metal dildo. It might not matter that the shorts have gone crazy. Demand = Zero! Exactly. No demand, at least at current prices. Aside from the obvious bounce from the $275 bottom, the only pumps are stop hunts and little short squeezes, that should tell you guys something. |
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Newbie1022
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October 26, 2014, 01:08:35 PM |
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Bitcoin... the new technology that defies the laws of physics... it goes down, but it doesn't come back up.
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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October 26, 2014, 01:09:00 PM |
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BTW I don't know where he got the math from, but at the time with the real rare liquidity (only a couple of millions Bitcoin in existence with satoshi holding a million himself) you could really pump the shit of Bitcoin with only $10K and I mean really pump the shit of it.
it didn't require much to pump the price till 2013 really because huge holders from mining hoarding the coins and causing and really low liquidity, any amount more than $1000 could pump the market few %...
TBH, while more than 60% of all Bitcoins are still held by just few people, and the volatility and the bursting bubble (the lost of value against $) and the lack of protections for consumers...Bitcoin is way worse than FIAT at this stage, I believe and I am very bullish about the long term success of Bitcoin, but short Term, I don't see what perma-bulls are seeing...
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Newbie1022
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October 26, 2014, 01:09:39 PM |
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Get your cheap coins... bahahahaha... cheap coins everybody. They'll never be at $XXX ever again. Nobody wants to touch these things with a metal dildo. It might not matter that the shorts have gone crazy. Demand = Zero! Exactly. No demand, at least at current prices. Aside from the obvious bounce from the $275 bottom, the only pumps are stop hunts and little short squeezes, that should tell you guys something. Yep. I was optimistic that the shorts filing out might lead to a little more of a pump, but it didn't happen. And that means... we are now probably going down even faster. |
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Malin Keshar
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October 26, 2014, 01:16:28 PM |
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Bitcoin... the new technology that defies the laws of physics... it goes down, but it doesn't come back up.
the laws of physicas say that everything that go up, must go down. So one day we will see Bitcoin ilustrating the science books |
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Newbie1022
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October 26, 2014, 01:19:14 PM |
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Bitcoin... the new technology that defies the laws of physics... it goes down, but it doesn't come back up.
the laws of physicas say that everything that go up, must go down. So one day we will see Bitcoin ilustrating the science books I suppose it says that, too. I was thinking about the bounce part (even dead cats do that) But fair. |
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touhonoob
Newbie
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Activity: 42
Merit: 0
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October 26, 2014, 01:34:20 PM |
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Malin Keshar
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October 26, 2014, 01:43:07 PM |
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Already 351
Such pathetic buytrap
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manfred
Legendary
Offline
Activity: 966
Merit: 1001
Energy is Wealth
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October 26, 2014, 01:45:14 PM |
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FTFY   |
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griffinriz
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October 26, 2014, 01:47:31 PM |
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waiting for that moment.. still waiting |
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ShroomsKit
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October 26, 2014, 01:47:54 PM |
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Bitcoin is a bigger pump and dump coin than most of the alt coins out there.
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cbeast
Donator
Legendary
Offline
Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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October 26, 2014, 01:54:25 PM |
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