pera
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Merit: 261
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January 16, 2014, 04:04:53 AM |
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[...] A pterodactyl head. No doubt!  aka descending triangle  |
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greenlion
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January 16, 2014, 04:16:00 AM |
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It looks like the next jump in difficulty will be HUUUUGE! Some 800 mil!!!  Law of Large Numbers. You can't say anything about the next difficulty jump based on blocks JUST AFTER re-targeting. |
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RandyMagnum
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January 16, 2014, 04:29:00 AM |
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Can someone make sure China still exists? Where is their volume today?
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zby
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Activity: 1592
Merit: 1001
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January 16, 2014, 04:31:52 AM |
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[...] A pterodactyl head. No doubt! aka descending triangle bullish pennant |
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pdawg
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January 16, 2014, 04:33:10 AM |
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Walsoraj
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January 16, 2014, 04:35:21 AM |
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Can someone make sure China still exists? Where is their volume today?
Depends on what you mean by "volume." |
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RandyMagnum
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January 16, 2014, 04:55:05 AM |
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Can someone make sure China still exists? Where is their volume today?
Depends on what you mean by "volume." It's currently the lowest trade volume over the past few hours relative to the same span of time on Huobi since the 1st of January. |
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Tyson95
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January 16, 2014, 05:01:07 AM |
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Bitcoin mentioned on criminal minds tonight, that makes 4 TV shows this week talking about it. Maybe we'll see the Friday surge again like the past 2 weeks.
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MAbtc
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January 16, 2014, 05:01:35 AM |
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Can someone make sure China still exists? Where is their volume today?
Depends on what you mean by "volume." It's currently the lowest trade volume over the past few hours relative to the same span of time on Huobi since the 1st of January. We're only one hour into this 4-hour chart:  |
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HairyMaclairy
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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January 16, 2014, 05:02:53 AM |
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Bitcoin is very boring. This price stability is forcing me to do actual work at work.
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MAbtc
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January 16, 2014, 05:03:56 AM
Last edit: January 16, 2014, 05:36:54 AM by MAbtc |
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[...] A pterodactyl head. No doubt! aka descending triangle bullish pennant I don't think so. Pennants are generally symmetrical. They are short-term continuation patterns -- the rise from $455 to the resistance break at $837 took 15 days. The rise and consolidation following that break has now taken ~ 2 weeks. The three bottoms that form the current moving support also generally form the prior resistance level. Typically, the flag pole forms from the prior resistance break (Gox $837). In this scenario, there is no flagpole. A sharp move should precede the pennant; in this case, the sharp move is contained within it.  |
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RandyMagnum
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January 16, 2014, 05:20:31 AM |
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Can someone make sure China still exists? Where is their volume today?
Depends on what you mean by "volume." It's currently the lowest trade volume over the past few hours relative to the same span of time on Huobi since the 1st of January. We're only one hour into this 4-hour chart: Fair enough, I will make a refinement. They're late for their typical trading day. |
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marcus_of_augustus
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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January 16, 2014, 05:28:38 AM |
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Bitcoin/USD volatility has been decreasing continuously since it began trading, there is no reason to think this trend is going to change while the rate of adoption remains approximately constant.
The bigger the mass the larger the inertia, simple as that really. It is much easier to get 10,000 people to panic simultaneously than 100,000 ... it is why fiat fractional reserve can work with the popular delusion that your money is safe in the bank, when in fact it doesn't exist in there at all and at best only 10% is ever available for redemption (actually more like 8.7% with the latest Basel rules).
As Bitcoin holders being to number in the millions to tens of millions that "10% panic" number becomes at least a million ... everyone bitching about greedy big btc holders, these are the guys holding steady in face of extreme skepticism/negativism since day zero making this thing work for the ungrateful, skittery, day tarders.
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pdawg
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January 16, 2014, 05:35:14 AM |
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^^^^^ THIS.
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MAbtc
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January 16, 2014, 05:48:03 AM |
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ungrateful, skittery, day tarders.
Ungrateful? What does that even mean in this context? What kind of market (liquidity) do you see existing without traders? And how do you think this would affect volatility? |
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JorgeStolfi
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January 16, 2014, 06:07:18 AM |
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Can someone make sure China still exists? Where is their volume today?
Indeed, in the 1h charts their volume is very low today, compared to that of the previous 4 days (which varies with local time in a characteristic way). It is even lower than the volume on Jan/10, another anomalous day. The price also has been surprisingly stable for the last two days. Price stability and low volume, which is cause and which is effect? Or are both effects of some external cause? |
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outofservice
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Activity: 70
Merit: 11
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January 16, 2014, 06:44:30 AM |
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Bitcoin mentioned on criminal minds tonight, that makes 4 TV shows this week talking about it. Maybe we'll see the Friday surge again like the past 2 weeks.
I saw it mentioned on Blacklist and Almost Human. Besides Criminal Minds, what is the other? |
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Holliday
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Activity: 1120
Merit: 1009
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January 16, 2014, 06:47:18 AM |
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Bitcoin mentioned on criminal minds tonight, that makes 4 TV shows this week talking about it. Maybe we'll see the Friday surge again like the past 2 weeks.
I saw it mentioned on Blacklist and Almost Human. Besides Criminal Minds, what is the other? Person of Interest |
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zoinky
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January 16, 2014, 06:51:15 AM |
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Bitcoin mentioned on criminal minds tonight, that makes 4 TV shows this week talking about it. Maybe we'll see the Friday surge again like the past 2 weeks.
I saw it mentioned on Blacklist and Almost Human. Besides Criminal Minds, what is the other? Person of Interest Well after the Simpsons did it you had to see this coming. |
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2dogs
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Activity: 1267
Merit: 1000
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January 16, 2014, 06:53:16 AM
Last edit: January 16, 2014, 07:04:05 AM by 2dogs |
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There is an expanded segment about BTC on Coast to Coast this evening - crazy! C2C is an internationally syndicated show, with millions of listeners. http://www.coasttocoastam.com/
tonight's show
1am - 5am ET
10pm - 2am PT
Civil Liberties/ The Watchers
Wed 01-15
In the first half of the program, independent journalist David Seaman will discuss the latest developments surrounding Bitcoin as well as internet privacy concerns and the controversial National Defense Authorization Act (NDAA). |
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