BlindMayorBitcorn
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Activity: 1260
Merit: 1116
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June 18, 2016, 02:19:23 AM |
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4
Do you have like $5,000,000 of USD waiting to buy or something? Who here doesn't? |
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adamstgBit
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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June 18, 2016, 02:33:26 AM |
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if you have 5,000,000 in fiat this info might be worth somthing to you  <700 will become a technical impossibility after the 23rd your welcome. |
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adamstgBit
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Activity: 1904
Merit: 1038
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June 18, 2016, 02:35:20 AM |
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tones of girls partying in my apartment right now.
its kind of annoying...
i gtg.
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mcplant
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Activity: 26
Merit: 0
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June 18, 2016, 03:06:53 AM |
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fruit helps me speculate better. did you know raw fruits and vegetables contain measurable ammounts of electro magnetic energy. our species is frugivorous, meaning we are meant to eat primarily fruit. so it will adjust the mind to think it's clearest. oh and when you place something directly in the moonlight it will become colder than if you placed it in shade out of it.
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calme
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June 18, 2016, 03:11:46 AM |
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We should have mcplant go onto the news and promote BTC
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adamstgBit
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Activity: 1904
Merit: 1038
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June 18, 2016, 03:41:15 AM |
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fruit helps me speculate better. did you know raw fruits and vegetables contain measurable ammounts of electro magnetic energy. our species is frugivorous, meaning we are meant to eat primarily fruit. so it will adjust the mind to think it's clearest. oh and when you place something directly in the moonlight it will become colder than if you placed it in shade out of it.
wait we aren't suppose to smoke weed drink beer and eat stake? FML |
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adamstgBit
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Activity: 1904
Merit: 1038
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June 18, 2016, 03:42:36 AM |
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once we hit
747
this thing is going to take off.
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dumbfbrankings
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June 18, 2016, 03:42:57 AM |
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fruit helps me speculate better. did you know raw fruits and vegetables contain measurable ammounts of electro magnetic energy. our species is frugivorous, meaning we are meant to eat primarily fruit. so it will adjust the mind to think it's clearest. oh and when you place something directly in the moonlight it will become colder than if you placed it in shade out of it.
wait we aren't suppose to smoke weed drink beer and eat stake? FML Only if you can provide proof of steak, tomorrow morning. |
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bitebits
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Activity: 2317
Merit: 3791
Flippin' burgers since 1163.
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June 18, 2016, 04:20:24 AM |
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nice pump and dump the day of or after. past auctions have pumped prices and then after price got dumped but that was during a bear market. This isn't a huge amount of coins ( its like half the size of the ?3? FBI auction ) so it might just lead to good press and not much else. I actually think it is very positive news, beyond the actual auction. Australia basically gives Bitcoin it's stamp of approval by selling these confiscated bitcoins. Long term this can only be good for Bitcoin + it is a rather trivial amount of coins. |
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dumbfbrankings
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June 18, 2016, 04:27:14 AM |
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nice pump and dump the day of or after. past auctions have pumped prices and then after price got dumped but that was during a bear market. This isn't a huge amount of coins ( its like half the size of the ?3? FBI auction ) so it might just lead to good press and not much else. I actually think it is very positive news, beyond the actual auction. Australia basically gives Bitcoin it's stamp of approval by selling these confiscated bitcoins. Long term this can only be good for Bitcoin + it is a rather trivial amount of coins. This is actually good for Bitcoion. Well said, mate. |
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Ethey
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Activity: 112
Merit: 10
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June 18, 2016, 04:30:33 AM |
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nice pump and dump the day of or after. past auctions have pumped prices and then after price got dumped but that was during a bear market. This isn't a huge amount of coins ( its like half the size of the ?3? FBI auction ) so it might just lead to good press and not much else. I actually think it is very positive news, beyond the actual auction. Australia basically gives Bitcoin it's stamp of approval by selling these confiscated bitcoins. Long term this can only be good for Bitcoin + it is a rather trivial amount of coins. This is actually good for Bitcoion. Well said, mate. there was an auction of the shanyflakes bitcoins made some time this was also very sick  |
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RGR991
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Activity: 99
Merit: 10
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June 18, 2016, 04:31:28 AM |
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Our Chinese overlords may be trying to pump it here  |
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TERA
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June 18, 2016, 04:32:31 AM |
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
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RGR991
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Activity: 99
Merit: 10
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June 18, 2016, 04:36:50 AM |
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
It is only human nature, it is why opportunities are created in times of extreme greed as well as extreme fear. I would gladly take trading on the OTC markets over Finex,Huobi and Okcoin at least the OTC is not working to manipulate the price like these exchanges probably are. |
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calme
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June 18, 2016, 04:38:42 AM |
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No one wanted to buy @ 730 but they'll gladly buy at $25+ more here in a bit
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savetherainforest
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June 18, 2016, 07:01:02 AM
Last edit: June 18, 2016, 07:13:50 AM by savetherainforest |
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How much fiat will it take to get us to $3k?
somewhere around 47-48 billion dollars in market cap for 15.700.000 - 15.800.000 coins. But you can find out by basically multiplying 3000$ x [number of coins] = market cap .... but that is not exactly necessarily! ... Because if the markets want 2000$ for 1 BTC ... then they will keep that price with less money in the system or more money in the system. Meaning supply&demand rules do not always apply! ... Meaning someone will make someone else lose money or coins for the love of speculation.Basically there can be 20 billion in the system but only 10 billion are accounted. Also the exchanges bleed an amount of the user's fiat with the transaction fees. Mostly it is a very emotional process setting the price. And example would be if there are only 19 million BTC in the system and 17 million are not transactioned ... that created a limit of 2 million coins for that 20 billion $ in the system. So you will do that 20.000.000.000 $ (divided by) / 2.000.000 BTC (coins) = [value per coin] 10.000$ ... if only 2 million coins are used in a 20 billion $ market cap .. Does this help you understand better in the future so you can calculate on your own? |
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spooderman
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Activity: 1694
Merit: 1047
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June 18, 2016, 07:08:10 AM |
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news. |
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spooderman
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Activity: 1694
Merit: 1047
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June 18, 2016, 07:14:36 AM |
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i feel like the ethereum drama damaged the whole crypto space, despite everyone in the bitcoin community seeming so delighted. maybe we're still in a rally idk. i hope so. though i would also be delighted to chill in the 700s for a few weeks  |
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TERA
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June 18, 2016, 07:18:26 AM |
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news. It has nothing to do with trading. It's just the emotions I feel. |
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TERA
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June 18, 2016, 07:44:15 AM
Last edit: June 18, 2016, 08:06:16 AM by TERA |
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 I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities: 1. 25%: This is a trap and a sort of double top before another serious bear market. 2. 50%: There is going to be a 6 month consolidation phase before ATH is broken. 3. 25%: ATH is broken now. |
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