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I_bitcoin
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December 08, 2013, 09:28:57 PM |
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FYI, bear pennant.  Oooh oooh, go down more! |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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freethink2013
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December 08, 2013, 09:30:14 PM |
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FYI to all, right now from 7 days ago we are down 26%. From 3 days ago we are down 32%. In the last 24 hours, we are down 2.99%. From 30 days ago, we are up 106.43%.
This is with China news triggering a huge selloff that would have devastated the price in April.
That news did not define an outright ban in bitcoin and many of the attributes the chinese investors and people from around the world found attractive have not changed.
agreed. Markets are an amazing thing. I'm often reminded of the way flocks of birds move almost as a single entity despite being made of hundred of autonomous entities. http://www.youtube.com/watch?v=XH-groCeKbEchina crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. |
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justusranvier
Legendary
 Offline
Activity: 1400
Merit: 1009
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December 08, 2013, 09:53:21 PM |
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china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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December 08, 2013, 09:57:53 PM |
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FYI, bear pennant. What defines whether a pennant is bullish or bearish? The previous trend? Regardless, TA is just one of many factors to consider. Yes, previous trend |
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barbs
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December 08, 2013, 09:58:47 PM |
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FYI, bear pennant. What defines whether a pennant is bullish or bearish? The previous trend? Regardless, TA is just one of many factors to consider. The volume from these last buys doesn't make it look like a bear pennant on volume charts |
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Ivanhoe
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December 08, 2013, 10:07:02 PM |
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Some decent buys coming through again, market feeling confident?
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dwdoc
Legendary
Offline
Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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December 08, 2013, 10:07:29 PM |
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Up we go. I thought Sunday was usually a down day.
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simonk83
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December 08, 2013, 10:12:04 PM |
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Up we go. I thought Sunday was usually a down day.
It's not Sunday everywhere  |
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freethink2013
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December 08, 2013, 10:14:51 PM |
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china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. not going to argue if it was or wasn't. The important thing is that the market saw it as bad. |
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Ivanhoe
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December 08, 2013, 10:15:50 PM |
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china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. not going to argue if it was or wasn't. The important thing is that the market saw it as bad. Could be that the market is changing their opinion about it now. |
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Okurkabinladin
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December 08, 2013, 10:16:12 PM |
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Up we go. I thought Sunday was usually a down day.
It's not Sunday everywhere Never heard, that corrections only happen on weekends. That´s new one. |
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Walsoraj
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December 08, 2013, 10:17:51 PM |
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Some decent buys coming through again, market feeling confident?
Just some idiot manipulator trying to protect his stupid investment by propping the price up. |
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barbs
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December 08, 2013, 10:18:32 PM |
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Some decent buys coming through again, market feeling confident?
Just some idiot manipulator trying to protect his stupid investment by propping the price up. Bullish flag here |
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tHash
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December 08, 2013, 10:19:24 PM |
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Up we go. I thought Sunday was usually a down day.
Why do people keep thinking this? The system has so much money in it that we do not need new money to come in for a run up. We have had some Sundays with incredible gains. Sunday is a day where people buy back in expecting new money on Monday. Smart new money won't be dumped into market buys this time though, but parked in bids, or held on the sideline. This could cause a dip throughout the beginning of the week, as expectations for new money to "save" us are unrealized. We've seen it before. I hope people are smarter this time, but I am not holding my breath. As always I am all BTC, as I will not take part in activities that damage something I believe in, but people just need to stop expecting the new money to be the savior. We don't need it, and whether we see it right away or not, the money is coming in . . . |
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Habeler876
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December 08, 2013, 10:20:22 PM |
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Some decent buys coming through again, market feeling confident?
Just some idiot manipulator trying to protect his stupid investment by propping the price up. this, 780 or so is top of pennant, pokes above could just be false breakout, i see nothing yet |
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Hfertig
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December 08, 2013, 10:21:26 PM |
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china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. Can you elaborate why ? |
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Habeler876
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December 08, 2013, 10:21:43 PM |
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these are some nice satoshi buys
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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December 08, 2013, 10:23:37 PM |
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FYI, bear pennant. If you draw an arrow on the chart it will make the price go in that direction lol. |
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freethink2013
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December 08, 2013, 10:24:03 PM |
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china crisis hit us hard and we were in full on panic mode yet @550 the market decided woohoo cheap coins! I still think anything under 1000 is cheap coins. Not sure if we'll make 4 figures next week but we'll come close. The crisis was imaginary. What happened in China was actually good news. not going to argue if it was or wasn't. The important thing is that the market saw it as bad. Could be that the market is changing their opinion about it now. I don't think any of us could say it was good news but we could probably agree that is wasn't as bad as people made out initially. Couple of randomish points: People in china are still using QQ coins pretty widely and the black market economy of china is probably bigger than the gdp of several eu nations. |
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