JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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July 10, 2015, 10:28:12 AM |
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The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.
this and now we see why someone was holding the BTC price back on BTCE for as long as possible. BTC-E is not a market maker, okgox/goxobi and finex are, finex clearly showed that market makers dont plan to push price above 290$ (there would be fake walls of 15-18k being moved higher to 270-280$ in order to do that). Its just chinese retards cashing out their ponzied ltc to btc at any cost. Chill out people, shit is almost over. Lots of action, and who knows what happened on Huobi with such a price spike... nearly $400, no?... and maybe someone did really accidentally buy some coins on Huobi for way over market value? $300 does seem to be within reach, but I would NOT be surprised to hover in the upper $200s for a week or more. |
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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July 10, 2015, 10:35:16 AM |
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i would be fine with 280 for a while  |
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crazy_rabbit
Legendary
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Activity: 1204
Merit: 1001
RUM AND CARROTS: A PIRATE LIFE FOR ME
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July 10, 2015, 10:35:30 AM |
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The Litecoin market is not big enough to push Bitcoin up $15 by dropping Litecoin by $2.
this and now we see why someone was holding the BTC price back on BTCE for as long as possible. BTC-E is not a market maker, okgox/goxobi and finex are, finex clearly showed that market makers dont plan to push price above 290$ (there would be fake walls of 15-18k being moved higher to 270-280$ in order to do that). Its just chinese retards cashing out their ponzied ltc to btc at any cost. Chill out people, shit is almost over. Lots of action, and who knows what happened on Huobi with such a price spike... nearly $400, no?... and maybe someone did really accidentally buy some coins on Huobi for way over market value? $300 does seem to be within reach, but I would NOT be surprised to hover in the upper $200s for a week or more. To bad there is no real way to get your money out of those exchanges if you are a foreigner..... :-( :-( Not that I would really trust those exchanges as a foreigner. |
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spiderbrain
Legendary
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Activity: 889
Merit: 1013
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July 10, 2015, 10:41:05 AM |
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As far as the Chinese exchanges go, anyone who got their money out before 50% of stocks were suspended has fresh cash and a gambling addiction which needs to be expressed, so it's not that surprising bitcoin is getting some attention.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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July 10, 2015, 10:41:40 AM |
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so when will they finally hard fork crypto grandpa ?
it's time now !
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Torque
Legendary
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Activity: 3556
Merit: 5041
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July 10, 2015, 10:53:19 AM |
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Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
We may be shedding last few bears and profit takers before the next move.
BTC-e doesn't want to bash through $270. But it keeps trying only to be taken back down to $263. And then it slowly repeats. Bitcoin is intentionally being suppressed, but in a unique way. The whales are busy pumping the litecoin market. Bitcoins are being sold to the whales in exchange for litecoins, so that noobs can play the litecoin rally. The whales are holding the bitcoin price fairly steady to make it seem unappealing and boring. The whales are also attacking the Bitcoin network with spam to continue to delay things. Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.When that happens, Katy bar the door. Feels good to make an accurate prediction for a change...  |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 10, 2015, 11:01:36 AM |
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LFC_Bitcoin
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Activity: 3528
Merit: 9525
#1 VIP Crypto Casino
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July 10, 2015, 11:05:08 AM |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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July 10, 2015, 11:06:33 AM |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
Exactly what I thought. What a nice Friday treat! Exciting too. Litecoin money moved to btc? |
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LFC_Bitcoin
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Activity: 3528
Merit: 9525
#1 VIP Crypto Casino
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July 10, 2015, 11:07:54 AM
Last edit: July 10, 2015, 11:48:59 AM by LFC_Bitcoin |
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I haven't checked the price this morning until just now. Damn! Nice surprise.
Exactly what I thought. What a nice Friday treat! Exciting too. Litecoin money moved to btc? I'm assuming that's exactly what's happened mate. We need to cross that psychological 300 barrier |
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chromosoma
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July 10, 2015, 11:15:47 AM |
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OMG, i am so glad I didnt purchase Litecoins yesterday...i was SOO close.
Now LTC, NMC,PPC are falling!!!
Can someone please expaine what happened?
What technique is it?=)
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aztecminer
Legendary
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Activity: 1092
Merit: 1000
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July 10, 2015, 11:16:03 AM |
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u have to be kidding.. i cannot believe that.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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July 10, 2015, 11:20:32 AM |
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I'm assuming that's exactly what's happened mate. We need to cross that psychological 300 barrier
FTFY. I however do not think that $300 is such a significant psychological barrier. Although we have already reached a important level. We have only been at $280+ back in March. If we reach $315 we will have a new high for the year. I think that it is quite possible. However, as someone stated the LTC market is not that big to make huge jumps in the price for Bitcoin. We have yet to see it crash and the money flowing back into Bitcoin. |
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Mayer Amschel
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July 10, 2015, 11:21:17 AM |
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OMG, i am so glad I didnt purchase Litecoins yesterday...i was SOO close.
Now LTC, NMC,PPC are falling!!!
Can someone please expaine what happened?
What technique is it?=)
Whales bought LTC, noobs got excited and jumped in LTC too (while whales accumulate BTC which was the 265-270 mark) Once LTC jumped (thanks to noobs) Whales dumped LTC and bought BTC to later dump their accumulated BTC. Simple. - Mayer Amschel |
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BitofaN1
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July 10, 2015, 11:23:11 AM |
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Bitcoin is trading oddly at the moment. Highly volatile in a narrow range.
Once that is done and LTC maxes out, the whales will then take off the parking brake and Bitcoin will start to rally. The whales will mass dump their remaining litecoin for bitcoin. All the noobs will then rush in from LTC to BTC en masse, forcing the rally even higher. The world will then start reading about bitcoin in the media and join in the Bitcoin party.
When that happens, Katy bar the door.
Feels good to make an accurate prediction for a change... Great call, Torque. |
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TaurusBit
Full Member
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Activity: 183
Merit: 100
TaurusBit.com Administrator
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July 10, 2015, 11:32:13 AM |
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So this was kinda expected...  Fight for $300 now? |
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Omikifuse
Legendary
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Activity: 1750
Merit: 1009
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July 10, 2015, 11:35:52 AM |
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Why instant $20? What did I miss? It screwed me in the speculation game  |
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BitofaN1
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July 10, 2015, 11:38:36 AM |
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That thin long needle on OK coin reached 2335 CNY (376.16 USD).Still 8k insane shorters on Finex didn't get margin called yet.
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BTCat
Legendary
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Activity: 1960
Merit: 1010
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July 10, 2015, 11:42:28 AM |
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$260 remains an interesting price. We're building on top of the April 2013 high. I call below 260 within 48 hours.
24 hours remaining... $260 never no more
Ok guys, I was wrong!
I hope that I was right |
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