Davyd05
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January 13, 2015, 10:11:48 AM |
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see you guys at $75
soon vc money will out weigh bitcoin market cap LOL > $500 million new money is coming this year too ... first they want cheap coins I was being a dick, I'm just lol'n at how much so bitcoin success is touted by those as price rising being successful, when its being mainly used a speculative vehicle by day traders, who can expose weaker investors with experience. We introduced alot more options to go long/short and with it leverage.. how can people expect it to not get a little crazy, especially after we went crazy last Nov for whatever reason that drove so many to be interested. a nice buy/sell indicator for me could've been buy while verification backlogs existed on my exchange and divest as they got closer to none All in all lower cost per bitcoin may bring people to it that had written it off once before so I can't hate as long as they get in on the beauty that is btc.
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"In a nutshell, the network works like a distributed
timestamp server, stamping the first transaction to spend a coin. It
takes advantage of the nature of information being easy to spread but
hard to stifle." -- Satoshi
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medialab101
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January 13, 2015, 10:12:48 AM |
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Finex doesn't want to join the crash party... sticking at 243
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Elwar
Legendary
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Activity: 3598
Merit: 2384
Viva Ut Vivas
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January 13, 2015, 10:13:46 AM |
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As long as the bears are still here, bitcoin is on a good way True...I don't see any bears hounding about BBQcoin's price, and that is a currency that has been dead for years. I am glad they are all around keeping things active. If they weren't posting and the price was this low I would be worried.
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 13, 2015, 10:14:49 AM |
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BFXdata shows long interest down to 17,900,000 and shorts still above 20,000. Long interest getting whittled away suddenly.
Invisible wall on finex?
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Fatman3001
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Activity: 1526
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Make Bitcoin glow with ENIAC
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January 13, 2015, 10:15:25 AM |
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2500 BTC in 15min on stamp. I wonder if this will be a ripple thread when I come back from work.
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Tzupy
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January 13, 2015, 10:15:33 AM |
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There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
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Stevenirving
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January 13, 2015, 10:17:36 AM |
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Steven: No.
You have a point, with control over the situation, but it is a dangerouse game! Poker is too much psykologi for my liking, and you have rich morons who dont value money.. Makes not fun, at least what I think. Playing tight is not fun.
Are you kidding that is the best. I love rich morons. Give me more sir. When playing heads up it is all about your aggression factor. In heads up I am very aggressive which is why I win. In a high stakes cash game stealing the blinds goes a long way and it is easy to do if you know how to be aggressive. Its funny you said this: "This Q/2 off suit will make me win. Come one vs Pocket AA" Because today when I was in that big heads up game, earlier on during a very wet board I called his nice sized bets to the river with nothing but Queen high and took it down. If I am correct he was representing aces. I had his number down. Put him on tilt super bad. And Inca. Poker is a skill game. To everyone else yes there is variance in poker. But above all else poker is a mind game. This quote no longer holds true as you have 7000 players in the wsop main event every year, but until 2003 this proved my point: "Mike McDermott: Why do you think the same five guys make it to the final table of the World Series of Poker EVERY YEAR? What, are they the luckiest guys in Las Vegas?" -Rounders
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chromosoma
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January 13, 2015, 10:18:30 AM |
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Time to say goodbye to Bitcoin.
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ShroomsKit
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January 13, 2015, 10:19:23 AM |
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Is this where Wallstreet gets in? I've heard they are dying to get in for a year now. Just ask Inca. So this must be it right? Together with secret big money they will gobble up all these cheap coins after the weak hands are shaken out.
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inca
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January 13, 2015, 10:19:53 AM |
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There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
Finex circuit breaker!
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inca
Legendary
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Activity: 1176
Merit: 1000
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January 13, 2015, 10:20:58 AM |
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Is this where Wallstreet gets in? I've heard they are dying to get in for a year now. Just ask Inca. So this must be it right? Together with secret big money they will gobble up all these cheap coins after the weak hands are shaken out.
Yes that is exactly what is happening. Read my post above to understand more.
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akujin
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January 13, 2015, 10:21:54 AM |
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What's up with those sell orders not getting eaten? There's sell orders but the price just pass through it
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Thomas-s
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January 13, 2015, 10:22:33 AM |
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To the core!
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Spaceman_Spiff
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₪``Campaign Manager´´₪
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January 13, 2015, 10:23:33 AM |
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There is one buy offer at BFX that doesn't seem to get eaten, but the orders below it do.
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luckygenough56
Legendary
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Activity: 1526
Merit: 1012
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January 13, 2015, 10:24:05 AM |
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There's something fishy happening on BFX, bids are slightly higher than asks, maybe it's a bot that tries to hold the price up?
to play arb probably
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pinky
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January 13, 2015, 10:24:57 AM |
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BFX is goxing. Of course at critical time
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Wolf Rainer
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January 13, 2015, 10:26:48 AM |
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BFX is goxing. Of course at critical time Lol that bugged order in BFX at 243.7USD it´s saving all the btc market of dumping even MORE.
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luckygenough56
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January 13, 2015, 10:27:01 AM |
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bfx wall eaten
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InvestorPerson
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January 13, 2015, 10:27:38 AM |
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Nothing drops forever. Every coin sold has been bought by someone.
If this is miners dumping (which clearly it isn't unless it is an active attempt to bankrupt their competition) then they know there is a limit to what bitcoin can endure without being irreparably damaged. Some people may cite 2011 and say, "look it recovered from 2 dollars", but there were less than 10,000 users at that stage. Bitcoin is now in the public eye, discussed openly in the MSM and adoption plus half a billion dollars of VC money ride on bitcoin having a market cap large enough to be useful as an internet currency in the next year.
I personally am not convinced this decline has had anything whatsoever to do with what is fairly minor monetary inflation. It is just speculators trading and shorting the price down. I am cool with short selling in general but in this case I think the fact whales can actively profit with just the price falling means there is less incentive to accumulate coins and profit by selling high later. It is conceivable for a large hedge fund (in fiat only) to be gaming the price with no interest in acquiring coins, instead simply manipulating the price for profit. Whilst bitcoin remains unregulated this could continue ad infinitum. In the real world where demand for a commodity per day is N, a hedge fund short selling 400xN over a few minutes is deemed manipulation. Regulated US exchanges are needed badly.
In the end though, a floor will be found through which traders 'shall not pass'. The question is whether this floor is so low as to effectively destroy the bitcoin economy and permanently damage the experiment. That would be the best outcome for, say, an organisation with a money printer and a dislike of a superior form of money gaining ground, right? Especially as the central banks have been so happy to embrace bitcoin in public; bitcoin would be the only market they aren't currently manipulating if alternative media is to be believed.
Looking through reddit there are a number of despair "i'm out" posts. Hopefully we get a high volume reversal soon, bitcoin is certainly massively oversold technically.
dat wall of fear
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noobtrader
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January 13, 2015, 10:28:07 AM |
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bitfinex is down to 231...
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