ChartBuddy
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Activity: 2338
Merit: 1802
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 18, 2015, 08:59:59 AM |
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Bitfinex Bitstamp Explanation
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JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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January 18, 2015, 09:03:33 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly.
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fonsie
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January 18, 2015, 09:06:00 AM |
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“People fear what they don't understand and hate what they can't conquer.” ― Andrew Smith
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MelMan2002
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January 18, 2015, 09:06:45 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there..
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InvestorPerson
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January 18, 2015, 09:07:57 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. just many sheeps running after a little pump
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DaRude
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Activity: 2902
Merit: 1914
In order to dump coins one must have coins
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January 18, 2015, 09:08:26 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. Probably not, but the reason is bitcoin. Just as the reason why it suddenly dropped.
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lyth0s
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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January 18, 2015, 09:08:49 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. Or just another short squeeze. Billyjoeljean figured the whole thing out. The 4 Punch something....
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solex
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Activity: 1078
Merit: 1006
100 satoshis -> ISO code
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January 18, 2015, 09:11:51 AM |
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Gotta be some piece of news...can't seem to find anything The only news is that Bitcoin was vastly under-priced and is correcting. No big deal. It's still far too early to post trains and rockets. Sinking ships, exploding rockets and derailing trains are equally silly. What, so everyone suddenly realized at the same time that it is under-priced?? Brilliant deduction there.. It's called consensus. Bitcoin is a consensus protocol and so everyone just concluded btc was too cheap. Logical.
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podyx
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Activity: 2338
Merit: 1035
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January 18, 2015, 09:13:10 AM |
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Hfertig
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January 18, 2015, 09:21:31 AM |
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cant believe that there are still fools around willing to pay more than 200 usd for a bitcoin.
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hmmmstrange
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January 18, 2015, 09:23:19 AM |
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Most credit cards and banks cover for unauthorized losses, which BTC does not have this insurance.
But they pass this cost of fraud onto the consumer, effectively raising the price of everything you buy. BTC insurance could become a fairly large industry. Citation please? People here say that a lot but I've never seen any proof that fraud is a line in COGS I assume the merchants are subsidising that in the fees they pay. With the banks getting 29 trillion dollars in bailouts over the last 6 years, what is the cost per transaction taking that into account? Mainly is the " interchange fee" the Visa and MC and AMex, Disc pays to the middle merchant banks to promote their cards,which includes interest 2-3% and per transaction fees. Yes merchants pay a cc fee. But any proof they pass this onto consumer? I think they just eat it in their margin. I know my business did The intermediary bank and association pays for it. But the "interchange" association will reimburse some of the loss to the final merchant if they used rules like i.d. verification and physical swipe of transaction them from the buyer, online sales are much higher risk than physical location, therefore the higher interest and swipe charges for online merchants. Thank you. I also think the claim that bitcoin is cheaper than CC is bogus. Cost per transaction is all time low and it's still around $8-9. A year ago it was almost $80 per transaction https://blockchain.info/charts/cost-per-transactionOn top of that there's the 9% inflation from block rewards With the banks getting 29 trillion dollars in bailouts in the last 6 years, what is their real cost per transaction?
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samsonn25
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January 18, 2015, 09:23:32 AM |
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exceprts from the Atlantic News article.
Without Drugs, What's the Point of Bitcoin?
The Atlantic By Matt Schiavenza
11 hours ago
"Bitcoin is insanely traceable," Nicholas Weaver, a researcher at UC Berkeley's International Computer Science Institute told the Verge.
As an unregulated currency, Bitcoin appeared to be a natural fit for the illicit drug market. But while Bitcoin is anonymous, it isn't untraceable. When users convert bitcoins to hard currency, their name becomes linked to a "public blockchain" that comprises the entire transactional history of the bitcoin. This would be equivalent to a $20 bill containing a comprehensive history of every person who has touched it since emerging from the printing press. These public blockchains make it very easy for law enforcement officials, once users' identities are compromised, to understand the full extent of their illicit activity.
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KFR
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January 18, 2015, 09:24:29 AM |
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cant believe that there are still fools around willing to pay more than 200 usd for a bitcoin. And some of us can't believe that there are still fools around willing to sell a whole Bitcoin for as little as $200 US-printed IOU's.
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lyth0s
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Activity: 1260
Merit: 1000
World Class Cryptonaire
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January 18, 2015, 09:26:00 AM |
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cant believe that there are still fools around willing to pay more than 200 usd for a bitcoin. You mean "fools that buy when the price is low"? Or do you believe that some fundamental aspect of bitcoin has become worse and thus the price of $200/coin is somehow now too high? I assume you are one of the guys that "buy high" during mania's and "sell low" as it drops? If so, I thank you, for without people like you my now daily coin purchases would cost me much more
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luckygenough56
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Activity: 1526
Merit: 1012
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January 18, 2015, 09:31:27 AM |
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non-educated millionnaire noob is buyin
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 18, 2015, 09:32:25 AM |
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Don't worry if you cannot understand this chart, those that do TA on a daily basis might be able to decipher it. Either way, it means something pretty big.
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Hfertig
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January 18, 2015, 09:32:32 AM |
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cant believe that there are still fools around willing to pay more than 200 usd for a bitcoin. You mean "fools that buy when the price is low"? Or do you believe that some fundamental aspect of bitcoin has become worse and thus the price of $200/coin is somehow now too high? I assume you are one of the guys that "buy high" during mania's and "sell low" as it drops? If so, I thank you, for without people like you my now daily coin purchases would cost me much more wrong assumption. i never paid more than 14 USD for a coin...
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Elwar
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Activity: 3598
Merit: 2386
Viva Ut Vivas
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January 18, 2015, 09:35:23 AM |
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These public blockchains make it very easy for law enforcement officials, once users' identities are compromised, to understand the full extent of their illicit activity.
That part being the key here.
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JimboToronto
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Activity: 4172
Merit: 4816
You're never too old to think young.
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January 18, 2015, 09:36:40 AM |
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non-educated millionnaire noob is buyin
Yep. Just one solitary noob.
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Tzupy
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Activity: 2170
Merit: 1094
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January 18, 2015, 09:36:58 AM |
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No short squeeze yet, at least on BFX. If the whales would have let the market slip for another 2 - 3 hours, a downtrend would have gained momentum. On 1h charts price was hugging the lower BB and PSAR had just flipped to bearish.
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