d5000
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Decentralization Maximalist
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July 02, 2015, 08:20:43 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account  |
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Sitarow
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Activity: 1792
Merit: 1047
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July 02, 2015, 08:52:48 AM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 02, 2015, 08:56:53 AM |
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mavericklm
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July 02, 2015, 09:04:48 AM |
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c'mmon btc! under 200 or above 300!!!  |
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Dilla
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July 02, 2015, 09:12:20 AM |
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c'mmon btc! under 200 or above 300!!! For real! Not another month of this crap! Haha |
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readysalted89
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July 02, 2015, 09:24:10 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. |
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dakota neat
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July 02, 2015, 09:33:49 AM |
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give up. new ath in 4 weeks confirmed. sell now.
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inca
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Activity: 1176
Merit: 1000
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July 02, 2015, 09:39:20 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. One of only a few decent attempts at FUD there are left to seriously dent the price now the downtrend line has been breached. You better shout louder :p |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 02, 2015, 09:56:56 AM |
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LFC_Bitcoin
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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July 02, 2015, 10:05:53 AM |
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I saw predictions of crashing back to the 220's yesterday . Looks like we're holding the 250's pretty strongly. I have no idea what the price is going to do in the short to medium term. If I had to try & predict something I'd say we could enter another period of sideways, maybe ranging between 240-270 for a few months now. Stability is good, I'll accept that to be honest, then we can start the next surge upwards. Hopefully breach 300 by the end of summer which will set us up nicely with a number of positive price changing possibilities in 2016. |
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inca
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Activity: 1176
Merit: 1000
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July 02, 2015, 10:18:42 AM |
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I saw predictions of crashing back to the 220's yesterday . Looks like we're holding the 250's pretty strongly. I have no idea what the price is going to do in the short to medium term. If I had to try & predict something I'd say we could enter another period of sideways, maybe ranging between 240-270 for a few months now. Stability is good, I'll accept that to be honest, then we can start the next surge upwards. Hopefully breach 300 by the end of summer which will set us up nicely with a number of positive price changing possibilities in 2016. Just keep accumulating LFC. |
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Hfertig
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July 02, 2015, 10:39:42 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. One of only a few decent attempts at FUD there are left to seriously dent the price now the downtrend line has been breached. You better shout louder :p I think we are looking at different charts. The latest bulltrap was a fake breakout on low volume and has confirmed the downtrend.... |
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rebuilder
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Activity: 1615
Merit: 1000
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July 02, 2015, 10:47:17 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. You think a court is going to order the coins to be sold on some sketchy exchange? An auction seems more likely. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 02, 2015, 10:56:56 AM |
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LFC_Bitcoin
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Activity: 3528
Merit: 9547
#1 VIP Crypto Casino
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July 02, 2015, 11:13:02 AM |
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I saw predictions of crashing back to the 220's yesterday . Looks like we're holding the 250's pretty strongly. I have no idea what the price is going to do in the short to medium term. If I had to try & predict something I'd say we could enter another period of sideways, maybe ranging between 240-270 for a few months now. Stability is good, I'll accept that to be honest, then we can start the next surge upwards. Hopefully breach 300 by the end of summer which will set us up nicely with a number of positive price changing possibilities in 2016. As always my friend, as always **Thumbs Up** |
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rjclarke2000
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Activity: 1358
Merit: 1016
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July 02, 2015, 11:51:32 AM |
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I said I wouldn't but I feel a binge buy coming on.
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readysalted89
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July 02, 2015, 11:52:39 AM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. You think a court is going to order the coins to be sold on some sketchy exchange? An auction seems more likely. I don't know what the court will decide. All I know is according to this site Japanese law has always forced bankruptcy settlements to be paid in cash. However, there is a rule that if a committee of the majority of creditors is recognized by the court it might be able to demand payment in Bitcoins, but it would be the first time its ever happened. https://www.cryptocoinsnews.com/mt-gox-creditors-demand-payment-bitcoins/In Japan, all settlements in bankruptcy proceedings have always been in cash and any settlement approved for payment in a cryptocurrency would be a first, a landmark........
Daniel Kelman, a US Layer, resident in Taiwan, today informed the notified trustee to the Mt Gox bankruptcy, Nobuaki Kobayashi, of his intention to form a 'rebel group' of creditors seeking to receive their payments in the form of bitcoins.....
McLannahan explains that under Japanese law, a committee representing more than half of creditors has the power to “participate” in proceedings, so long as it satisfies certain conditions and is recognized by the court as representing the interests of creditors as a whole. The context of the original post I addressed was about black swan events. The Japanese court ordering the Bitcoins to be sold on exchanges could be considered a black swan event. It would be unexpected, but not impossible. |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 02, 2015, 11:57:05 AM |
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Sitarow
Legendary
Offline
Activity: 1792
Merit: 1047
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July 02, 2015, 12:02:42 PM |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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July 02, 2015, 12:06:06 PM |
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Seems the first attack on the 265-70 resistance failed. But the price is holding pretty good so far. Let's see if 250 can be held, then the prospects for July are great ... Nevertheless, I voted for a July top of less than 300. I think it will reach again the levels of about 270, and maybe a little higher, but not much more. Black swan events not taken into account The Mt Gox court case will conclude sometime and either the Bitcoins get returned or the court orders them to be sold so cash can be returned instead. I doubt it will be over by the end of July but if the court orders a crazy dump it will crash the price. I think they have some rule in Japan that you have to sell an asset and return cash. You think a court is going to order the coins to be sold on some sketchy exchange? An auction seems more likely. I don't know what the court will decide. All I know is according to this site Japanese law has always forced bankruptcy settlements to be paid in cash. However, there is a rule that if a committee of the majority of creditors is recognized by the court it might be able to demand payment in Bitcoins, but it would be the first time its ever happened. https://www.cryptocoinsnews.com/mt-gox-creditors-demand-payment-bitcoins/In Japan, all settlements in bankruptcy proceedings have always been in cash and any settlement approved for payment in a cryptocurrency would be a first, a landmark........
Daniel Kelman, a US Layer, resident in Taiwan, today informed the notified trustee to the Mt Gox bankruptcy, Nobuaki Kobayashi, of his intention to form a 'rebel group' of creditors seeking to receive their payments in the form of bitcoins.....
McLannahan explains that under Japanese law, a committee representing more than half of creditors has the power to “participate” in proceedings, so long as it satisfies certain conditions and is recognized by the court as representing the interests of creditors as a whole. The context of the original post I addressed was about black swan events. The Japanese court ordering the Bitcoins to be sold on exchanges could be considered a black swan event. It would be unexpected, but not impossible. Not impossible, just an extremely unlikely, very low probability event. Tarmi and the bears here might actually get their 2.5 year 'double digit' itch scratched in such a scenario. It is far more likely that bitcoin instead does what it has done in the past and bubbles upwards eventually IMO. Betting on doomer outcomes isn't a great strategy  |
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