noobtrader
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Activity: 1456
Merit: 1000
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December 13, 2014, 06:32:19 PM |
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someone is pumpin ripple  Which exchange has ripple on it? Couldn't fine it. edit :: cryptsi has xrp too |
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Newbie1022
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December 13, 2014, 06:33:23 PM |
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The market is really fascinating, right now. The Microsoft news broke the bear rally that was looking to get out of hand. However, the Microsoft counter-rally up to $360 was so weak tipping the bulls hand that they have run out of ammo. Yet, many are unwilling to sell en masse on this realization because the Microsoft news signals potential for greater adoption and, hence, is speculatively significant even if, in the short-term, the net effect is actually people using existing coins and unloading bags.
The new money just isn't there right now for it to rise and the bulls have shot their load or dropped out completely. But, people feel like BTC is on firmer speculative footing than it was a week ago. Something that might have more speculative value but has nobody crazy enough to speculate on it anymore. Now, one thought is... that's the perfect time to buy -- I understand that sentiment. But, on the other hand, the real value is the community/network effects and they've already been burnt too many times or had too much of their wealth cut from under them. It's weird. A reason for BTC to live while it is in the midst of taking its last breaths.
I think you have to short until the bulls show they have any fight left in them. Do so with a narrow stop, though, in case a big player enters the market and sees an opportunity.
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ImI
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Activity: 1946
Merit: 1019
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December 13, 2014, 06:35:44 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
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God27
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 13, 2014, 06:39:21 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
Everything is hurting btc, but yes xrp is taking some liquidity out of btc. But ripple is creating more liquidity for btc as an exchange. |
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podyx
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Activity: 2338
Merit: 1035
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December 13, 2014, 06:43:44 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
marketcap is actually more like 150mio because the creators hold most of the assets |
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God27
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 13, 2014, 06:51:28 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
marketcap is actually more like 150mio because the creators hold most of the assets I'd speculate that it is more like 238mio. |
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wachtwoord
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Activity: 2324
Merit: 1125
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December 13, 2014, 06:52:40 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
marketcap is actually more like 150mio because the creators hold most of the assets I'd speculate that it is more like 238mio. lol, sometimes Ripple just x-folds the outstanding number of Ripples and the market cap grows accordingly. Anyone holding Ripple should be institutionalized. |
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noobtrader
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Activity: 1456
Merit: 1000
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December 13, 2014, 07:00:39 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
Everything is hurting btc, but yes xrp is taking some liquidity out of btc. But ripple is creating more liquidity for btc as an exchange. just shorted ripple-vs-btc they cant be pumpin all teh time |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 13, 2014, 07:00:41 PM |
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NotLambchop
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December 13, 2014, 07:13:00 PM |
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"Coinbase, the biggest competitor to BitPay, declined to provide a similar breakdown without providing any reason."  .@LFC_Bitcoin below: or even 350 |
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LFC_Bitcoin
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Activity: 3528
Merit: 9542
#1 VIP Crypto Casino
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December 13, 2014, 07:13:42 PM |
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It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.
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noobtrader
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Activity: 1456
Merit: 1000
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December 13, 2014, 07:15:14 PM |
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It's quite embarrassing that we can't seem to get above (and stay above) 400 dollars.
its ok 350 is still fair price atm |
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Newbie1022
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December 13, 2014, 07:15:54 PM |
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AKA 90% of Bitpay merchants do convert to fiat. See how much worse it sounds when framed in that manner. |
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arklan
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Activity: 1778
Merit: 1008
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December 13, 2014, 07:17:53 PM |
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it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?
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God27
Sr. Member
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Activity: 364
Merit: 250
The 4th industrial revolution!
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December 13, 2014, 07:19:18 PM |
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imo ripple is hurting btc big time
500mio marketcap right now and keeps rising. if it goes to 1000mio the liquidity has to come from somewhere...
marketcap is actually more like 150mio because the creators hold most of the assets I'd speculate that it is more like 238mio. lol, sometimes Ripple just x-folds the outstanding number of Ripples and the market cap grows accordingly. Anyone holding Ripple should be institutionalized. Yes, they distribute xrp all the time so the outstanding number changes all the time. However, its weird the price goes up with more and more being distributed. They must be doing something right? I'm currently waiting for their distributed number as of November 30th. https://www.ripplelabs.com/xrp-distribution/ |
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LFC_Bitcoin
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Activity: 3528
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#1 VIP Crypto Casino
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December 13, 2014, 07:19:24 PM |
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it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?
Day traders. Dumpers. The fact that probably not even 1 out of 100 people in the general public use BTC. |
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NotLambchop
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December 13, 2014, 07:20:01 PM |
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it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?
A better question: what the heck was propping it up until now? |
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LFC_Bitcoin
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Activity: 3528
Merit: 9542
#1 VIP Crypto Casino
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December 13, 2014, 07:20:37 PM |
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it really amazes me that even with the microsoft announcement, the price has remained where it is. what the heck is holding it down?
A better question: what the heck was propping it up until now? Mugs like us? |
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