mymenace
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Activity: 1596
Merit: 1061
Smile
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November 12, 2015, 09:55:34 AM |
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has the trap sprung  lets see 1 week macd could still be looking for more green before the end of the week more green, more green trap seems to be closing |
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axxo
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November 12, 2015, 09:57:22 AM |
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Another unpredictable pump only the whales knows when to dump. Give us a warning sign...  |
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ChartBuddy
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 12, 2015, 10:01:17 AM |
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Oblodo
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November 12, 2015, 10:12:33 AM |
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 BTC sure is one hell of a ride... |
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marcus_of_augustus
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Activity: 3920
Merit: 2349
Eadem mutata resurgo
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November 12, 2015, 10:25:42 AM |
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BTC sure is one hell of a ride... huge volatility, could be legitimate precursor to a huge move coming, either first leg (breakout) up in a massive wave taking us to new ATH, moon, sex, guns, rock 'n roll, blah-de-blah, etc ... OR pits of zool $10 bitcoinz dead, infested with herpes and beartrolls and bankster-crims 4eva, etc. bitcoin has got it all, the dregs and outcasts from every fringe group dark and grey money actors all over the globe vying for control, russian-hacker cockroaches, libertarian dark-market ideologues, israeli wire-fraud and bank hackers, wall st. big time crims and politician shakedown sewer rats, london city spiv futures rogue traders ... on an open permissionless platform, innoculation is too kind of a word for what it is going through, some extremely violent system stress testing. |
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Morecoin Freeman
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November 12, 2015, 10:28:33 AM |
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GOING FOR 350So Morecoin Freeman, you called this like a demon.
What now?
Was $300 the bottom?
A fucking shit ton of shorts will be needing to exit their trades.....Finex short positions still up at 18K BTC.
In my opinion we are still on the way down (bigger picture). I think $300 will hold for now and we could see the price move towards ~$350 before the next move down. This will take multiple days. Where will the downtrend bottom out and reverse? I don't know yet. I'm not too sure about exact values. I'm a lot more sure about the bigger picture here.
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Meuh6879
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Activity: 1512
Merit: 1012
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November 12, 2015, 10:29:42 AM |
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Ah, crap ... i have miss the good price (vacancy day).   |
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koryu
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November 12, 2015, 10:36:57 AM |
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Ah, crap ... i have miss the good price (vacancy day). euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october |
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dreamspark
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November 12, 2015, 10:48:56 AM |
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This thread is mind boggling. Of course the markets are manipulated when only a few thousand of the same BTC are traded backwards and forwards. Trading is a self fulfiling prophecy and those that have the most clout can be wrong as well. Just look at how much those big whales lost on OKC in the last few days.
Of course the USMS didnt pump the price.
We over extended after finally breaking out of a year long range and we had a very healthy correction to retest old resistance areas. That simple.
Dont be suprised to be passing $500 in the next few weeks or to find ourselves a new range between 290-390.
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BlindMayorBitcorn
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Merit: 1116
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November 12, 2015, 10:51:24 AM |
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This thread is mind boggling. Of course the markets are manipulated when only a few thousand of the same BTC are traded backwards and forwards. Trading is a self fulfiling prophecy and those that have the most clout can be wrong as well. Just look at how much those big whales lost on OKC in the last few days.
Of course the USMS didnt pump the price.
We over extended after finally breaking out of a year long range and we had a very healthy correction to retest old resistance areas. That simple.
Dont be suprised to be passing $500 in the next few weeks or to find ourselves a new range between 290-390.
Don't forget the little extra MMM global pyramid on top for flavour. |
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ghandi
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November 12, 2015, 10:52:20 AM |
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bull trap is closing  |
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ChartBuddy
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Activity: 2660
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 12, 2015, 11:01:17 AM |
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koryu
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November 12, 2015, 11:02:50 AM
Last edit: November 12, 2015, 11:18:19 AM by koryu |
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Would like to buy more but I think its too risky to buy and also too risky to sell So I will save my money to defend these lines, just in case...  |
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arandy
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November 12, 2015, 11:38:49 AM |
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Would like to buy more but I think its too risky to buy and also too risky to sell So I will save my money to defend these lines, just in case... If you don't believe bitcoin will fail then it's always a good time to buy as a long term investment If you need to make some quick bucks it's very hard indeed right now. |
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WoJJ78
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Activity: 168
Merit: 100
ICONOMI enthousiast
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November 12, 2015, 11:42:14 AM |
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I hope for a drop in price, only because it drags down LTC with it so I can get them for cheap  No but I do hope next year will be better with the halving of BTC. |
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riils
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Merit: 10
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November 12, 2015, 11:45:14 AM |
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euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october
If you want to protect wealth, you better buy those "evil, evil" US dollars, not bitcoin, gold or other speculative "products" FED rocks! |
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ChartBuddy
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Activity: 2660
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 12, 2015, 12:01:18 PM |
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BlackSpidy
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November 12, 2015, 12:09:06 PM |
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euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october
If you want to protect wealth, you better buy those "evil, evil" US dollars, not bitcoin, gold or other speculative "products" FED rocks! Personally, I don't think the USD is evil. Just that it's a shitty financial tool, compared to bitcoin. Any fiat is, really. Hence why bitcoin is worth so much more (300+ times, at the moment). One of such advantages is a one-cent transaction fee to send any amount of money anywhere in the world (so long as there is Internet and electricity there)... In less than an hour. So, it's safer to have your life savings in usd, but you should have some percentage of your investment money in bitcoin (and tesla, their 2017 model will do great, I reckon). |
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Dotto
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Activity: 981
Merit: 1005
No maps for these territories
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November 12, 2015, 12:27:10 PM |
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What is the true value of 1 bitcoin? Nobody knows.
1 full bitcoin (1.0 BTC) is as scarce as 12kg of above ground gold. The price will readjust itself in the long run to reflect this. I'm not saying it will go to the value of 12kg gold, but price has to adjust to accommodate the scarcity factor. Nice metaphor.  |
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riils
Member
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Activity: 82
Merit: 10
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November 12, 2015, 12:34:19 PM |
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euro is fucked up, I am watching my euros going down against usd and wish I would have bought more bitcoins in the 200s in october
If you want to protect wealth, you better buy those "evil, evil" US dollars, not bitcoin, gold or other speculative "products" FED rocks! Personally, I don't think the USD is evil. Just that it's a shitty financial tool, compared to bitcoin. Any fiat is, really. Hence why bitcoin is worth so much more (300+ times, at the moment). One of such advantages is a one-cent transaction fee to send any amount of money anywhere in the world (so long as there is Internet and electricity there)... In less than an hour. So, it's safer to have your life savings in usd, but you should have some percentage of your investment money in bitcoin (and tesla, their 2017 model will do great, I reckon). Common sense tells us that $ should devalue drastically from the very strange heights its at right now. But this is a game without universal rules. The house (US hegemons) can bend and alter rules however and whenever they wish. The proof is $ rally and depreciation of precious metals. As far as TESLA, I used to own some stock but I sold it too soon at a loss - buy high, sell lower - the most widespread trading strategy amongst non-professionals. But I like TESLA a lot. And also SpaceX. You can buy Alphabet to get some exposure to SpaceX. |
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