r0ach
Legendary
 Offline
Activity: 1260
Merit: 1000
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April 23, 2016, 11:54:24 PM |
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Enought nesting bullsheeteens.
We are going up with anemic volume. Just look at 1 day or 3 day timeframes. If volume doesn´t manifest quickly, lets say before seven days, Im calling this a bulltrap.
It's called miners stopped selling, so an 80 day supply crunch of increasing price occurs until the price reaches a level where someone considers it overextended for pre-halving state, which is not gonna be less than $500 by anyone's standards. It could just gradually rise to $600 on no volume before it occurs. Once people consider the price overextended, they will then dump with the intention of buying back lower, then the volume, volatility, and long drawn out game of people trying to short, squeeze, and lock others out and force them to rebuy happens. Knowing that it's going to play out like this, it's going to be funny when the shorters pile in at some price like $600, then a coordinated squeeze hits them and the shorters power the next great Bitcoin bubble. |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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April 24, 2016, 12:36:19 AM |
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ah, it's new ... sunday morning bounce.  |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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April 24, 2016, 12:37:56 AM |
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bring me a rocket launch gif.
dat golden cross
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Fakhoury
Legendary
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Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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April 24, 2016, 12:38:05 AM |
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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April 24, 2016, 12:40:48 AM |
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bring me a rocket launch gif.
dat golden cross
Proceed ...   |
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ssmc2
Legendary
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Activity: 2002
Merit: 1040
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April 24, 2016, 12:41:37 AM |
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FO
FITTY
FO
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gentlemand
Legendary
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Activity: 2604
Merit: 3089
Welt Am Draht
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April 24, 2016, 12:44:40 AM |
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I hope it rises to beyond the stars and off to infinity purely to stop the infernal requoting.
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ImI
Legendary
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Activity: 1946
Merit: 1019
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April 24, 2016, 12:47:47 AM |
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volume seems to be heading up a little
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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April 24, 2016, 12:47:56 AM |
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Enought nesting bullsheeteens.
We are going up with anemic volume. Just look at 1 day or 3 day timeframes. If volume doesn´t manifest quickly, lets say before seven days, Im calling this a bulltrap.
It's called miners stopped selling, so an 80 day supply crunch of increasing price occurs until the price reaches a level where someone considers it overextended for pre-halving state, which is not gonna be less than $500 by anyone's standards. It could just gradually rise to $600 on no volume before it occurs. Once people consider the price overextended, they will then dump with the intention of buying back lower, then the volume, volatility, and long drawn out game of people trying to short, squeeze, and lock others out and force them to rebuy happens. Knowing that it's going to play out like this, it's going to be funny when the shorters pile in at some price like $600, then a coordinated squeeze hits them and the shorters power the next great Bitcoin bubble. Now that's interesting, and correlates with a recent interview with that Chinese miner dude who was on the latest bitcoin uncensored podcast (his name eludes me, sadly) The just of it was that they were able to get a very favorable contract from an electricity project that failed to get government approval to sell to the grid... As far as I could discern, they were only selling enough to pay the bills and keeping the rest, also some brokerage and arbitrage as opportunities arise. Say what you like about the Chinese but there are some shrewd motherfuckers over there. Do not underestimate. |
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Dotto
Legendary
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Activity: 981
Merit: 1005
No maps for these territories
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April 24, 2016, 12:48:24 AM |
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Trying to not get emotional, but that green dildo is fucking huge  Roach, you could be right this time |
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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April 24, 2016, 12:50:14 AM |
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I hope it rises to beyond the stars and off to infinity purely to stop the infernal requoting.
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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April 24, 2016, 12:55:14 AM |
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Conspiracy theory: Chinese gov't is subsidizing mining operations, and intentionally taking positions that, directly or indirectly, support the rise of Bitcoin's popularity. Having identified crypto-currencies as an inevitable force, they've strategically chosen to become the "first mover", among nations, to grab significant mining market share. Bitcoin may be completely digital in manifestation, but miners still have a mine, and that mine sits in some country, under some ruling, military-backed power.  If you believe this conspiracy, you should go long. If you don't... you should go long.  |
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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April 24, 2016, 12:56:45 AM |
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bring me a rocket launch gif.
dat golden cross
Proceed ... Haven't seen one since 2013 ! What was the comparable liquidity then to today I wonder. |
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yefi
Legendary
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Activity: 2842
Merit: 1513
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April 24, 2016, 12:58:53 AM |
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Is the next line: "When you're cleaning windows"? |
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Ted E. Bare
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April 24, 2016, 12:59:51 AM |
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This is just the beginning.  |
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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April 24, 2016, 01:00:23 AM |
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Is the next line: "When you're cleaning windows"? No, it will be |
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2Pac
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April 24, 2016, 01:00:59 AM |
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Bitcoin is going up again!
Bitstamp 453.65
BTC-e 444.53
Bitfinex 457.66
Huobi 455.22/2958.25
LTC/USD 3.3044
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Fakhoury
Legendary
Offline
Activity: 1386
Merit: 1027
Permabull Bitcoin Investor
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April 24, 2016, 01:01:22 AM |
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podyx
Legendary
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Activity: 2338
Merit: 1035
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April 24, 2016, 01:08:32 AM |
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When you realize we are about to go full bubble mode in a few months  |
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