JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10859
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2015, 05:36:20 AM |
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It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price. You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.
Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket? BjA has a one track mind. or others may call it an unrelenting focus.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10859
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2015, 05:48:37 AM |
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It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price. You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.
Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket? No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH. Seems a fair conclusion that we have transitioned out of a bear mark maybe sometime after crossing $350 - even though we did experience a retrace of BTC prices that hovered mostly in the $320 arena for nearly two weeks... but once prices could not be driven below $320 in any meaningful and sustained way, that $320 resistance seemed to confirm that the transition out of the bear market ad been completed... Will we return to a bear market any time in the near future? Well that's another story..... For the time being, BTC engines surely do seemed revved towards going upwardly. Currently, I'm thinking that we are not going to see sub $350 no more, but... i've kind of lost some of my swagger.. because of my being wrong so many times in the past.
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JayJuanGee
Legendary
Online
Activity: 3850
Merit: 10859
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2015, 05:49:44 AM |
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By the way, the current pump, looks kind of nice, from my angle.
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JimboToronto
Legendary
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Activity: 4144
Merit: 4786
You're never too old to think young.
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December 18, 2015, 05:50:46 AM |
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Yee haw. Finally some movement.
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2015, 06:00:37 AM |
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Cconvert2G36
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December 18, 2015, 06:36:22 AM |
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Longs down almost $4 mil on finex over the last couple days, lookin' good.
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2015, 07:00:37 AM |
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600watt
Legendary
Offline
Activity: 2338
Merit: 2106
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December 18, 2015, 07:11:27 AM |
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any issues with huobi or is it btcwisdom?
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spooderman
Legendary
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Activity: 1652
Merit: 1029
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December 18, 2015, 07:19:23 AM |
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sorry BJA, i've had enough and wow, the nostalgia tonight folks i too miss proudhon, that was a higher caliber of troll all together. what about the legendary jaroslaw? he was BJA, except instead of scaleability-trolling, it was MtGox is fucked-trolling. remember his "USD cannons"? where's old FUDder jorge got to recently btw?
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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December 18, 2015, 07:42:52 AM |
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Guys...Critical
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suda123
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December 18, 2015, 07:43:37 AM |
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Gox was such a fun place to trade because pretty much the whole market was there. So much liquidity and you really only had to follow one chart. Little did we know a certain Frenchman was blowing our deposits on $50,000 beds, geisha girls and fancy coffees.
So lucky to get out of there just before the door slammed shut for good.
Of course I got out because I was paying attention. Something was fishy. That's why I'm paying attention to the blocksize controversy now.
why what's with the blocksizs controversy?
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ChartBuddy
Legendary
Online
Activity: 2310
Merit: 1801
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2015, 08:00:39 AM |
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Fatman3001
Legendary
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Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 18, 2015, 08:13:37 AM |
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Well, that was fun?
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WeltMaster
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December 18, 2015, 08:14:46 AM |
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Woah, finex just shat itself on the launchpad
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BlindMayorBitcorn
Legendary
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Activity: 1260
Merit: 1116
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December 18, 2015, 08:15:11 AM |
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Well, that was fun?
Did it actually happen?
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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December 18, 2015, 08:24:34 AM |
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Well, that was fun?
Did it actually happen? It's a mystery, wrapped in an enigma, wrapped in a riddle. But a quick look at my stash calculated to USD: Yes.
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r0ach
Legendary
Offline
Activity: 1260
Merit: 1000
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December 18, 2015, 08:31:23 AM |
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Looks like some random idiot accidentally hit the wrong button somewhere.
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everaja
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December 18, 2015, 08:33:43 AM |
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Today price is hiking , 472+ and Up , from past 3 minutes the price is not getting lower than 472 , hope we gonna have a Xmas surprise.
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kehtolo
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December 18, 2015, 08:36:49 AM |
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Looks like some random idiot accidentally hit the wrong button somewhere.
God bless all the random idiots, for they give us entertainment...
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