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Feri22
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January 04, 2015, 11:01:38 PM |
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Will get margin called at 235.
Should I deposit more BTC and risk losing them too, or just let it be and hope for the best?
I expect the bottom to be between $200-$240. If you're feeling lucky.... Is it 10x leverage on okcoin? I agree, my target is at 220. But don't catch a falling knife. Wait till it recovers. Besides, Fontas told me he is going to pump it to 280 in about 6 hours. Fontas is actually still existing ?!? LOL  I remember when he was doing his legandary pumps |
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Blazin604
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January 04, 2015, 11:01:49 PM |
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so I should deposit more BTC to bitfinex or not  Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens |
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TsuyokuNaritai
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January 04, 2015, 11:04:01 PM |
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 Just another Sunday-after-holiday panic, with crafty shorters fleecing scaredy cats till fiat can arrive on Monday. |
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 04, 2015, 11:04:05 PM |
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sideways then droooooooooop
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Feri22
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January 04, 2015, 11:04:54 PM |
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so I should deposit more BTC to bitfinex or not Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath... |
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samsonn25
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January 04, 2015, 11:05:04 PM |
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so I should deposit more BTC to bitfinex or not Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens Might be cheaper by then |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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January 04, 2015, 11:05:11 PM |
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Will get margin called at 235.
Should I deposit more BTC and risk losing them too, or just let it be and hope for the best?
I expect the bottom to be between $200-$240. If you're feeling lucky.... Is it 10x leverage on okcoin? I agree, my target is at 220. But don't catch a falling knife. Wait till it recovers. Besides, Fontas told me he is going to pump it to 280 in about 6 hours. Fontas is actually still existing ?!? LOL I remember when he was doing his legandary pumps Ofcourse it exist. Fontas is the bitcoin ghost, announcing the trend right into our 3rd eye so that we are prepared to trade on it. |
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samsonn25
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January 04, 2015, 11:05:51 PM |
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so I should deposit more BTC to bitfinex or not Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath... Depends on what you think btc is worth |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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January 04, 2015, 11:06:39 PM |
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We will hold strong at 250. For the next few days or weeks....then it's an uptrend for the rest of the year. MARK MY POST.
I'd love it if you were right, however.... Have faith neo I don't know if you know the name of the song in that movie? https://www.youtube.com/watch?v=gJbqKLcCjp4#t=355It feels appropriate. |
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samsonn25
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January 04, 2015, 11:07:25 PM |
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Difficulty at 340ph already at the upper end of my prediction 3 days ago.
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Silent Sam
Member
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Activity: 122
Merit: 13
Thermofinance.Com
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January 04, 2015, 11:09:30 PM |
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I was retarded to buy at $300 couple days ago from coinbase. Now I have to wait till thursday to get my coin while the value of BTC is going down every minute right before my eyes. What a shitty feeling. There goes $500
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kenji
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January 04, 2015, 11:09:41 PM |
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BITCOIN IS DEAD RIP BITCOIN  |
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sherbyspark
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January 04, 2015, 11:11:25 PM |
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We will hold strong at 250. For the next few days or weeks....then it's an uptrend for the rest of the year. MARK MY POST.
I'd love it if you were right, however.... Have faith neo I don't know if you know the name of the song in that movie? https://www.youtube.com/watch?v=gJbqKLcCjp4#t=355It feels appropriate. That song is : Welcome to the real world - Azerty. Says it right in the description. |
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NotLambchop
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January 04, 2015, 11:11:58 PM |
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If we're going to venture into logics, what you got there is an ill-formed statement. Children are not an (intentional) substitute for contraception, but a result of its absence.
If usefulness of toilet paper is not self-evident to you, I'm afraid our differences are too great to be settled by an interwebs debate.
Alright then, replace children with cigarettes - pretty sure they're used much more frequently than contraception in many parts of the world - doesn't make it more useful at all. And saying that toilet paper's usefulness is self-evident is equal to saying "My dick is bigger than yours because I say so and it's so obvious I don't have to prove anything to you". Wonder if that's ever worked to convince your opponent in a dispute.  Surely they just take your word for it and don't laugh at all. Btw, talk about toilet paper to someone in India and you'll see it may not be equally useful to everyone afterall. The usefulness of cigarettes and contraception could be compared at some level. Cigarettes are more useful to me right now, because I'm not in Africa & not planning to fuck there. If you wanted me to invest in African contraception, I'd pass. Because I'm not planning to fuck in Africa, hence the product is useless to me. I'm also not buying shit drugs on lameass neckbeard scamsites, so I find Bitcoin equally useless. I hope this clears things up. To clear things up, when i need to buy new Xbox One bundle discounted when i pay with Bitcoin, toilet paper is useless to me and bitcoin is pretty usefull...you can say this about everything and we all know, that you are just being butt-hurted....does it hurt you so much to see that other people became rich from BTC and you didn't that you need to be permanently trying to devastate other guy's opinions and beliefs? Why? There are also actually nice people here and without them and without BTC, your life would have no purpose  You are confusing promo bundle deals (you actually only need to pay a few cents with Bitcoin, see here: http://www.reddit.com/r/xboxone/comments/2qhfwc/deals_xbox_one_console_assassins_creed_unity/) with Bitcoin usefulness. If you follow my posts, you know that it's not people getting rich off Bitcoin I find so lulzy, but people going broke, after I've taken the time to explain to them exactly how & why they will. I do not try to "devastate other guy's opinions and beliefs," I merely laugh at them when I find them to be especially funny. Is that so wrong? |
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pjviitas
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January 04, 2015, 11:12:18 PM |
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Until the 1w charts start stabilizing I would suggest everyone stop panicking.
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shanecoins
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January 04, 2015, 11:12:24 PM |
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BITCOIN IS DEAD RIP BITCOIN you better hand any bitcoin you have over to me then |
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Blazin604
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January 04, 2015, 11:13:31 PM |
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so I should deposit more BTC to bitfinex or not Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath... Depends on what you think btc is worth I know what you're saying. People need to really think outside of the box. Don't listen to the media. What does your gut tell you about Bitcoin?..I have become successful in many areas of my life through spiritual guidance and mediation. It's not a bloodbath. The price is being pushed down on purpose by a someone or a group of people. They are making It more affordable for everyday people to hop on board. With the Russian ruble collapse and the world on the brink of another war. There is no better time for Bitcoin. Bitcoin is here for a reason. There are much larger forces at work here. We are all apart of the forum because we were guided here by our destiny. For some reason we are more aware of things than everyday people. So in turn I believe we will be very wealthy in the coming years. There are only a handfull of people who will get rich off of Bitcoin. But that wealth will help re stimulate growth into a stale united states economy and help propell us into a new Era much like the Internet did. Most people won't buy into bitcoin until it's too late to get rich. Because they are still stuck in the Matrix to some extent. Stay calm my friends and meditate. |
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Fatman3001
Legendary
Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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January 04, 2015, 11:15:03 PM |
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so I should deposit more BTC to bitfinex or not Very bullish. I'm gonna toss another 25k at it tmr morning when my bank opens No offense, just trying to stay objective, but i don't think it actually looks very bullish for many people...for old timers and some real believers maybe, but for the average Joe this looks like fricking bloodbath... Depends on what you think btc is worth nope, it doesn't |
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JorgeStolfi
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January 04, 2015, 11:15:50 PM |
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Let V be the total volume of such payments expressed in USD/day. Let T be the average time in days between the purchase of some BTC by one customer and its re-purchase by another customer, after going through a merchant or processor. Let N be the total number of coins available, and P the market price of one BTC. Then, the total volume of payments, in BTC/day, is N / T. Therfore, we musthave in we must have P *N / T = V, or P = V * T / N.
Today, N = 13.5 M BTC. BitPay currently processes ~1 million USD per day of payments; let's guess that V is ten times that, 10 M USD/day. Let's also guess T = 30 days. (Note, we are assuming that no one is hoarding, so that everybody passes the coins on as soon as pratical.) Then we get P = 10 * 30 / 13.6 = 22 USD.
You'd still have the issue of there being some hurdles to overcome before buying BTC to spend it on anything. On one hand, this is a disincentive to use BTC for transactions, on the other it is an incentive to 'hoard', as you put it, if you do prefer to use BTC for some purposes. That aside, I think we can agree any tradeable asset will see some speculation. Looking at your formula, it occurs to me you might add two variables to account for this. One is the growth rate of the BTC price and another is the average speculator's patience - how long they're willing to wait for profits to reach their targets. Of course both are unknown and actually somewhat interlinked, so it's no wonder price discovery is a messy business. Hm, I suppose that a model that included speculation would have to be much more complicated. Right now, for example, we would need to know how many BTC have been last purchased at each price level, which I don't see how to get (see discussion a couple of pages ago), and then develop a stochastic model for the decisions of the typical investor. These decisions in turn may have to depend on the past price history. (I believe that the market as a whole only cares about the current price, but some individual traders believe in TA.) |
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TeeBone
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January 04, 2015, 11:15:53 PM |
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I was retarded to buy at $300 couple days ago from coinbase. Now I have to wait till thursday to get my coin while the value of BTC is going down every minute right before my eyes. What a shitty feeling. There goes $500
Thats typically what happens when you listen to the perma-psycho cult. You loose your underwear. |
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