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SkyValeey
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November 17, 2014, 01:53:01 PM |
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Just another week of pump and dumps.
Please don't post anything, thank you.  |
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ChartBuddy
Legendary
 Offline
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 17, 2014, 02:01:14 PM |
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ShroomsKit
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November 17, 2014, 02:28:41 PM |
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There should be probably another attempt of breaking 450 soon, with ~500 as a target
Agreed.. Do you think it will break it ? No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers. |
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Feri22
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November 17, 2014, 02:45:45 PM |
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It is so nice to have ShroomsKit on ignore  |
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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November 17, 2014, 02:50:05 PM |
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It is so nice to have ShroomsKit on ignore Exactly. Now if everyone would just quit quoting him.  |
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Phillis
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November 17, 2014, 02:51:22 PM |
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It is so nice to have ShroomsKit on ignore meh, sideways it is. I suppose the good ole trade channel trading set up is in order to catch the little dips and ups |
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Richy_T
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Activity: 2450
Merit: 2130
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November 17, 2014, 02:51:38 PM |
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What I'm saying is there's a link between Bitcoin market cap and market cap of companies that deal exclusively or mainly in Bitcoin. So that if there were twenty (hell, ten or five would be sufficient as well due to synergy and other factors besides companies) Coinbases and they were valued the same, then one can definitely argue that Bitcoin is undervalued.
In this age of rampant "quantitative easing", I would rather argue that Coinbase is over-valued (note that this is not a slight against Coinbase). |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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November 17, 2014, 02:53:50 PM |
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...
No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.
The resistance at 420$ comes from October. When it was broken, it became support, and then support broken became resistance again, at least short term. |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 17, 2014, 02:56:12 PM |
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...
No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.
The resistance at 420$ comes from October. When it was broken, it became support, and then support broken became resistance again, at least short term. the real resistance is 450, we pass 420 easy. |
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JorgeStolfi
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November 17, 2014, 02:57:11 PM |
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So, why doesn´t BTC have any volume to speak of ?
What keeps big investors off ?
Is it the totally unregulated and scam-ridden marketplace ?
Is it the primitive "exchanges" , which may or may not
exist tomorrow ?
All that helps, but the main reason that turns people off bitcoin seems to be the absence of backing assets and dividends. Big (and small) investors do not like to spend their money buying nothings, even if they are assured that no one can steal those nothings from them (well, except hackers and the FBI), and are told that last year some Chinese amateur speculators were willing to pay 1200$ each for them. |
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btcney
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November 17, 2014, 03:01:06 PM |
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It is so nice to have ShroomsKit on ignore Exactly. Now if everyone would just quit quoting him. Don't be so rude guys  |
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ChartBuddy
Legendary
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Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 17, 2014, 03:01:21 PM |
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JorgeStolfi
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November 17, 2014, 03:03:12 PM |
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Coinbase value comes from its expected future discounted cash flows.
Where do the future cash flows of Coinbase come from? From Bitcoin utilization.
There is a link imo.
But the volume of bitcoin transactions in the future may be orders of magnitude larger than the total amount of bitcoin in circulation; not just because of reuse of the same coins, but also by the emission of visrtual bitcoins by entities liek coinbase. E.g., if you send dollars to Coinbase to pay a hotel bill in euros in another country, they may use bitcoins but do not need to (just as banks do not need to transport dollar bills overseas to do the same service). |
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Torque
Legendary
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Activity: 3598
Merit: 5069
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November 17, 2014, 03:05:05 PM |
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What I'm saying is there's a link between Bitcoin market cap and market cap of companies that deal exclusively or mainly in Bitcoin. So that if there were twenty (hell, ten or five would be sufficient as well due to synergy and other factors besides companies) Coinbases and they were valued the same, then one can definitely argue that Bitcoin is undervalued.
In this age of rampant "quantitative easing", I would rather argue that Coinbase is over-valued (note that this is not a slight against Coinbase). I agree. Just like companies like Twitter, it's not even clear that Coinbase will be able to make money (i.e., stay in the black instead of the red) long term. Especially as the market gets more competitive. So far it's been all VC funding for startups like them. That will run out eventually. Usually by the 3rd year the VC's expect said invested startup to be pretty much self-sustaining. |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 17, 2014, 03:08:45 PM |
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market seem more interesting, the next 24 hours is critically gentlemen !!!
EDIT ::: breakout into 420 within 24 hours
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SnokkomBTC
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November 17, 2014, 03:13:01 PM |
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market seem more interesting, the next 24 hours is critically gentlemen !!!
you're right mate. This week first green candle at MACD 1week? |
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cbeast
Donator
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 17, 2014, 03:13:40 PM |
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market seem more interesting, the next 24 hours is critically gentlemen !!!
EDIT ::: breakout into 420 within 24 hours
Sounds like a party.  |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 17, 2014, 03:15:47 PM |
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market seem more interesting, the next 24 hours is critically gentlemen !!!
you're right mate. This week first green candle at MACD 1week? so many movement on the market... |
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noobtrader
Legendary
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Activity: 1456
Merit: 1000
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November 17, 2014, 03:16:40 PM |
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market seem more interesting, the next 24 hours is critically gentlemen !!!
EDIT ::: breakout into 420 within 24 hours
Sounds like a party. this is party, gentlemen !!! |
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