rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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February 17, 2017, 10:07:30 AM |
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There is a LOT of buy support over the last few days, much higher than normal. Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time. This indicates one of three things:
1) Someone is front running a Bitcoin ETF approval w/ insider trading
2) Someone has no idea if the ETF will be approved but is buying just in case
3) There were some insolvent Chinese exchanges that are now having to purchase at top dollar
I'd say number 3 seems like the probable answer. What do you think? Edit. It could be all of them! 3 of 3
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soullyG
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February 17, 2017, 10:09:16 AM |
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Slowly grinding upwards
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bitcoinvest
Legendary
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Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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February 17, 2017, 10:13:42 AM |
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There is a LOT of buy support over the last few days, much higher than normal. Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time. This indicates one of three things:
1) Someone is front running a Bitcoin ETF approval w/ insider trading
2) Someone has no idea if the ETF will be approved but is buying just in case
3) There were some insolvent Chinese exchanges that are now having to purchase at top dollar
I'd say number 3 seems like the probable answer. What do you think? Edit. It could be all of them! 3 of 3 +1. It's the perfect timing to have all those 3 together happening, plus the idea 4. Bitcoin becomes world reserve currency HODL your Bitcoins if you are long term holders we have upwards trend that is good now
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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February 17, 2017, 10:19:23 AM |
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"Science doesn't make it impossible to believe in God, it just makes it possible not to believe in God" - Steven Weinberg
Interesting quote from someone named "Weinberg" considering the first thing the Jews did after Moses left is build a statue out of gold and worship it as their god: https://en.wikipedia.org/wiki/Golden_calf
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becoin
Legendary
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Activity: 3431
Merit: 1233
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February 17, 2017, 10:21:10 AM |
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There is a LOT of buy support over the last few days, much higher than normal. Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time. This indicates one of three things:
1) Someone is front running a Bitcoin ETF approval w/ insider trading
2) Someone has no idea if the ETF will be approved but is buying just in case
3) There were some insolvent Chinese exchanges that are now having to purchase at top dollar
I'd say number 3 seems like the probable answer. What do you think? Edit. It could be all of them! 3 of 3 And 4)... It could be neither of the 3 mentioned above. A lot of people just don't care about ETFs or Chinese exchanges. They want to have at least 1 full bitcoin.
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K~Ehleyr
Sr. Member
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Activity: 434
Merit: 250
Ooh, shiny things!!
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February 17, 2017, 10:24:14 AM |
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Something big is about to happen... I can tell because Kraken keeps timing out
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HI-TEC99
Legendary
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Activity: 2772
Merit: 2846
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February 17, 2017, 10:28:23 AM |
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There is a LOT of buy support over the last few days, much higher than normal. Instead of 5, 10, or 20 blocks of coins being purchased, there's a steady stream of larger whale buys of 100 coins at a time. This indicates one of three things:
1) Someone is front running a Bitcoin ETF approval w/ insider trading
2) Someone has no idea if the ETF will be approved but is buying just in case
3) There were some insolvent Chinese exchanges that are now having to purchase at top dollar
I'd say number 3 seems like the probable answer. What do you think? Edit. It could be all of them! 3 of 3 And 4)... It could be neither of the 3 mentioned above. People just don't care about ETFs or Chinese exchanges. They want to have at least 1 full bitcoin. Maybe, but sometimes after a big exchange gets hacked it keeps it quiet and tries to make the lost coins back through the trading fee revenue. If the PBOC is auditing such an exchange it has to buy the lost coins back fast or get caught out. Options three plus people who want to have at least 1 full bitcoin could be jointly responsible for the latest step up to £1050.
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Ted E. Bare
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February 17, 2017, 10:28:28 AM |
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Buy every bitcoin?
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marcus_of_augustus
Legendary
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Activity: 3920
Merit: 2348
Eadem mutata resurgo
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February 17, 2017, 10:30:36 AM |
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Feels kind of poppy ... weird since we already banked a solid 50 buck run.
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bitcoinvest
Legendary
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Activity: 1124
Merit: 1000
13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X
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February 17, 2017, 10:38:34 AM |
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Something big is about to happen... I can tell because Kraken keeps timing out i can't see any timing out or anything not normal in my 2 computers. Also here : https://status.kraken.io/ everything looks: Operational The only thing i saw in Kraken was about 200 BTC for sale at 990€ that now are ~150... already 50 bought and look like will all be bought If something big is about to happen maybe is that we will brake the 1.000€ ?
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molecular
Donator
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Activity: 2772
Merit: 1019
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February 17, 2017, 11:20:14 AM |
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Buy every bitcoin?
you're doing it wrong...
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rjclarke2000
Legendary
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Activity: 1358
Merit: 1016
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February 17, 2017, 11:20:38 AM |
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So now we've had a little drop I see. Did it get to €1000? Was that the sell signal?
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V1saya
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February 17, 2017, 11:25:31 AM |
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Aviator019
Newbie
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Activity: 32
Merit: 0
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February 17, 2017, 11:34:42 AM |
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So now we've had a little drop I see. Did it get to €1000? Was that the sell signal?
nahh, top was at EUR 993
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mindrust
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Activity: 3248
Merit: 2425
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February 17, 2017, 11:37:18 AM |
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Something big is about to happen... I can tell because Kraken keeps timing out I feel that too. It reminds me of 2013 thing somehow. I would short only %50 of my position but i listened my instincts and dumped everything away from 1020. This prices can't go forever that high. It used to be so low that miners were profiting barely, and its now more than x2 of those prices. Smells like a dump fest. People in 2013 also thought that it is going to reach 40k$ soon but it didn't happen. Same will happen again.
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Karpeles
Legendary
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Activity: 1162
Merit: 1000
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February 17, 2017, 11:43:42 AM |
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Something big is about to happen... I can tell because Kraken keeps timing out I feel that too. It reminds me of 2013 thing somehow. I would short only %50 of my position but i listened my instincts and dumped everything away from 1020. This prices can't go forever that high. It used to be so low that miners were profiting barely, and its now more than x2 of those prices. Smells like a dump fest. People in 2013 also thought that it is going to reach 40k$ soon but it didn't happen. Same will happen again. 2x lower with 2x less reward because of the halving, seems fair
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mainpmf
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February 17, 2017, 12:29:05 PM |
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Something big is about to happen... I can tell because Kraken keeps timing out Yeah but something big is about to happen every month with bitcoin xD The only question is: will it be big up or big crash?
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becoin
Legendary
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Activity: 3431
Merit: 1233
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February 17, 2017, 12:35:26 PM |
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The only question is: will it be big up or big crash?
It doesn't actually matter since every time something big happens ups are bigger and bigger while crashes are smaller and smaller.
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K~Ehleyr
Sr. Member
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Activity: 434
Merit: 250
Ooh, shiny things!!
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February 17, 2017, 12:41:41 PM |
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Something big is about to happen... I can tell because Kraken keeps timing out Yeah but something big is about to happen every month with bitcoin xD The only question is: will it be big up or big crash? I call up! This rise is so steady and solid that when we eventually get back over 1k euros again, I think we'll stay in four figures. Next stop 2k
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