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Kevinrasf
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June 23, 2016, 02:02:21 PM |
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CNBC Posted this as well The price of bitcoin has plunged almost 25 percent since hitting a two-and-a-half year high last week amid problems at a key exchange and diminishing fears of a Brexit. Bitcoin was trading around $590.53 by midday London time, a fall of around 23.8 percent from the $774.94 close on June 17, which marked the highest close since November 22, 2013. The initial rise in the price of the cryptocurrency came last week as traders prepared for a process known as "halving" – where the rewards offered to bitcoin miners fall, thus tightening the supply of the digital currency. With anticipation of less supply, prices spiked. Source: http://www.cnbc.com/2016/06/23/bitcoin-plunges-nearly-25-percent-in-6-days-heres-3-reasons-why-brexit-china-yuan-halving.html |
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ImI
Legendary
 Offline
Activity: 1946
Merit: 1019
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June 23, 2016, 02:02:56 PM |
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We are starting to get mainstream breakthrough.  But.. Umm.. beeeep..dead. killed by developers and silly "investors" of a competing cryptocurrency. edit: yeah, finex did its part obv too. |
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lemmyK
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June 23, 2016, 02:03:30 PM |
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dump now. buyback cheaper coins later  |
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Ted E. Bare
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June 23, 2016, 02:18:19 PM |
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It is not too bad actually, the price is holding close to 600. We were at 400 before the pump and we have the halving yet to come.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 23, 2016, 02:21:57 PM |
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Went all in @$800. Leveraged to the hilt, because YOLO, amirite?
Listen, were do i sell my semen, is it the same place as blood? How much do they pay for an average load?
Also, can I crash at your place for a few?
Don't you have a foundation to turn to in times like these? |
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savetherainforest
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June 23, 2016, 02:27:23 PM |
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Went all in @$800. Leveraged to the hilt, because YOLO, amirite?
Listen, were do i sell my semen, is it the same place as blood? How much do they pay for an average load?
Also, can I crash at your place for a few?
Don't you have a foundation to turn to in times like these? What's next? GoFundMe campaing for: "Greedy trader in need for more shills to buy BTCitcoin" ? |
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arctos
Newbie
Offline
Activity: 57
Merit: 0
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June 23, 2016, 02:30:21 PM |
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the real handle starts at 1175~
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Ted E. Bare
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June 23, 2016, 02:47:22 PM |
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Double bottom forming at the moment?
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SnokkomBTC
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June 23, 2016, 02:49:17 PM |
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Double bottom forming at the moment?
think we are going to test ~$500 level |
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savetherainforest
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June 23, 2016, 03:03:31 PM |
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6 Hours till we find out the partial counting of the Brexit votes...
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 23, 2016, 03:06:49 PM |
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Just a pump and dump. World events are an illusion.
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DaRude
Legendary
Offline
Activity: 3138
Merit: 2007
In order to dump coins one must have coins
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June 23, 2016, 03:10:47 PM |
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I think 540-555 might have been the bottom, the only thing bothering me is the fact that BFX longs are still so high...
That bothers me more than anything else. We're back at $42MM longs and the price crashing to $570. Longs going up as price goes down  If they're squeezed it can turn bloody really fast |
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InternationalBankAlliance
Newbie
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Activity: 46
Merit: 0
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June 23, 2016, 03:14:35 PM |
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Just a pump and dump. World events are an illusion.
One thing TA kids got right - IRL events are as relevant to bitcoin as plotlines are to 80s pornos. @DaRude, never let it be said that the True Believers don't double down. |
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JimboToronto
Legendary
Offline
Activity: 4494
Merit: 5813
You're never too old to think young.
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June 23, 2016, 03:41:02 PM |
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Good morning Bitcoinland. Looks like we're right back in the $580 range where we spent a week 2 weeks ago.  Time for me to buy more. Last chance under $600? |
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btc_owner
Member
Offline
Activity: 112
Merit: 10
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June 23, 2016, 03:59:21 PM |
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550dollars
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toknormal
Legendary
Offline
Activity: 3066
Merit: 1188
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June 23, 2016, 04:00:24 PM |
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It's the Borgan Quench.
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Tzupy
Legendary
Offline
Activity: 2198
Merit: 1094
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June 23, 2016, 04:15:12 PM |
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We are starting to get mainstream breakthrough. But.. Umm.. 30% drop in less than a week, not looking very safe...  |
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European Central Bank
Legendary
Offline
Activity: 1288
Merit: 1087
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June 23, 2016, 04:17:17 PM |
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Maybe all this dumpage was a sign from the robo whales to the rest of the world to stay away from their twisted little playground. there's no way they'd want REAL money to arrive. they'd get swallowed up and spat out by the genuine pros.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1116
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June 23, 2016, 04:23:28 PM |
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Maybe all this dumpage was a sign from the robo whales to the rest of the world to stay away from their twisted little playground. there's no way they'd want REAL money to arrive. they'd get swallowed up and spat out by the genuine pros.
My impression is that this was sort of a Chinese exchange led rinse cycle. They pump it when they can and dump it when the real money shows up. |
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savetherainforest
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June 23, 2016, 04:26:01 PM |
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Maybe all this dumpage was a sign from the robo whales to the rest of the world to stay away from their twisted little playground. there's no way they'd want REAL money to arrive. they'd get swallowed up and spat out by the genuine pros.
It will go up, don't worry, The West just did what China did.. they had almost no objections.But ... Do you know the tale of the tall man, that pulled the tree down for the short man for a specific fee?... so he can pick up the fruits as well? That is exactly what happened here with them exchanges in China. They all wanted a piece of the pie... them communist party leeches! And they said... it is too expensive!! Bring it down! |
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