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bassclef
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November 02, 2015, 03:45:19 PM |
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Hi guys, what a rally! As I was saying all year, this is what nine months of accumulation does to the price. When the informed interests are done collecting and take the brakes off the market (that is, they stop selling heavily into bulges) this dynamic rally is to be expected.
The XT fears allowed them to collect even more at bargain prices from panicky selling, causing a terminal shakeout and supply shortage, dramatically forcing the price up and out of the trading range once a bit of demand came back into the market.
In January the curtain was raised for Act I. Now they begin buying up the price for Act II.
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Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
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Fatman3001
Legendary
 Offline
Activity: 1526
Merit: 1013
Make Bitcoin glow with ENIAC
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November 02, 2015, 03:52:49 PM |
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Please, baby Jesus. Let it be a double bottom  What's the "girl" on the left hiding with her left hand? Did gender equality in this thread take a leap after all? |
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
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November 02, 2015, 03:59:41 PM |
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Hey guys, haven't been around in a while. I see we're still in the $230s-$240s....boooorrrrrriiiiiiinnnnngggg!
; )
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 02, 2015, 04:01:33 PM |
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SnokkomBTC
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November 02, 2015, 04:07:39 PM |
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Hey guys, haven't been around in a while. I see we're still in the $2 330s-$2 340s....boooorrrrrriiiiiiinnnnngggg!
; )
ftfy  |
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!! pop
Newbie
Offline
Activity: 56
Merit: 0
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November 02, 2015, 04:28:22 PM |
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...
In January the curtain was raised for Act I. Now they begin buying up the price for Act II.
Act II: The Rapening(it's just a matter of time) http://s2.postimg.org/k7xd86lll/pepper1.gif |
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noobtrader
Legendary
Offline
Activity: 1456
Merit: 1000
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November 02, 2015, 04:28:45 PM |
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Hey guys, haven't been around in a while. I see we're still in the $230s-$240s....boooorrrrrriiiiiiinnnnngggg!
; )
i think you need to refresh your browser, maybe delete your history and cache too... |
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vuduchyld
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November 02, 2015, 04:33:57 PM |
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Is it just me, or does it look like nobody wants to sell right now? Observing that wall....jeez.
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10230
Self-Custody is a right. Say no to"Non-custodial"
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November 02, 2015, 04:37:27 PM |
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next big resistance is around 385 (fib level), but I still think that we will meet heavy resistance up to 330
Don't want to brag or anything... how much bitcoin you own greek boy ? ~400 No. Transactions 5 Total Received 0.0339867 BTC Final Balance 0.01603844 BTC are you have other address ? plenty I can give you the private keys too...  I've got 30 of this babies , god speed greek boy, buy the way it's wake up time in sillicon valley  Damn I wish I had 400!, or anywhere near that, even 100, hell, I'd be happy with 30 at this point lol. I HAD over 25 btc, now I have like 5.5  Yes, getting rid of nearly 80% of your holdings could NOT be good thinking, and it really probably indicates that you were bearis about bitcoin. I feel a little bit bad about some of my aggressive attempts at trading BTC, and therefore my actual BTC holdings are nearly 3.5% down from their peak, but I am using some coins to attempt to hedge in both directions - nonetheless, whenever BTC prices shoot up, I experience some regrets about the number of coins in my holdings |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10230
Self-Custody is a right. Say no to"Non-custodial"
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November 02, 2015, 04:40:11 PM |
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Oh??? maybe some coins were traded twice.... Go figure. Isn't that called the velocity of money? |
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bassclef
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November 02, 2015, 04:40:16 PM |
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Is it just me, or does it look like nobody wants to sell right now? Observing that wall....jeez.
I've tried to be a bear during this rally (went long from $230 to $340 in futures, then reversed) but there simply is not any selling to push the price down and I took a small loss, twice. And there are still 20,000 shorts on Finex, which, if the market continues its relentless march up, will cause a large crash upwards when they all rush to close out at once. These are confusing times for traders because they've been trained to go short near 300 all year. Now things seem to be different, at least on the surface... |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10230
Self-Custody is a right. Say no to"Non-custodial"
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November 02, 2015, 04:45:13 PM |
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Is it just me, or does it look like nobody wants to sell right now? Observing that wall....jeez.
harder and harder for people to jump on the selling train when the momentum is in the other direction (sorry about the mixed metaphore). Accordingly, it seems that $380 is fairly reasonably within our sights. |
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Fatov
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November 02, 2015, 04:55:39 PM |
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Oh??? maybe some coins were traded twice.... Go figure. Isn't that called the velocity of money? only twice? high trading bots are working hard this days |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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November 02, 2015, 04:56:08 PM |
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He has well-reasoned arguments. Core deserves to be bashed. |
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xyzzy099
Legendary
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Activity: 1063
Merit: 1048
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November 02, 2015, 05:00:00 PM |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 02, 2015, 05:01:25 PM |
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LFC_Bitcoin
Legendary
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Activity: 3528
Merit: 9552
#1 VIP Crypto Casino
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November 02, 2015, 05:02:56 PM |
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Please, baby Jesus. Let it be a double bottom What's the "girl" on the left hiding with her left hand? Did gender equality in this thread take a leap after all? This is an age where Bruce/Caitlyn Jenner is idolised so who knows |
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cbeast
Donator
Legendary
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Activity: 1736
Merit: 1006
Let's talk governance, lipstick, and pigs.
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November 02, 2015, 05:11:06 PM |
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A popular misconception "miners vote by upgrading." They also vote by forking, merge mining, and dumping their income. In fact, the notion of voting goes against the "Byzantine Generals Problem" that Bitcoin solves. Bitcoin isn't a democracy, nor a republic. Developers are not a community. They model their behavior after the scientific community sometimes, but mostly it's works best when its adversarial. You can pretend that you have the high moral ground, but you are deluded because there are thousands of forks that prove you otherwise and they have their sights set on your "community" to destroy it. So my advice is to stick to technical and scientific arguments and keep politics out of the discussion because it's just noise. |
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!! pop
Newbie
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Activity: 56
Merit: 0
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November 02, 2015, 05:15:24 PM |
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Oh??? maybe some coins were traded twice.... Go figure. Isn't that called the velocity of money? No, not in the usual sense.* There's "transactions velocity," rarely used, mainly because meaningless. Few care how many times I move a dollar from my right pocket to the left, or how many back-and-forth transactions happen on a currency exchange. *"Which is the frequency at which the average unit of currency is used to purchase newly domestically-produced goods and services within a given time period"-wikip |
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