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mccorvic
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May 07, 2013, 05:28:57 PM |
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Guys, seriously guys....
I've crunched the numbers and ran them through 77^1000 simulations to come up with the definitive and irrefutable calculation that predicts with 100% accuracy the future movement of BTC price and have printed it up on this piece of paper from which I shall now read.
*clears throat*
Bitcoin does whatever the f**k it wants.
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SAQ
Newbie
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Activity: 56
Merit: 0
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May 07, 2013, 05:29:37 PM |
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"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. " FUD or serious shit? http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/
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phoenix1
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May 07, 2013, 05:30:19 PM |
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What. Out of all possibilities a few hours ago, this one seemed the most unlikely.
Tell me about it. I sold at 98.99 with a buy order at 97.89. Looks like I will be taking a loss on that position. Mate, I do small margins trade often but it's nowhere near the quantities you are trading with. With all due respect, I don't think you are doing it on good way and it looks to me you're set to lose lot of money at some time. It's just not right thing to trade 100 coins at 1% margin, you're going to get burned soon or later. It's as friendly advice as it could be. And with the commission fee of 1%, he hardly can make any profit... He has smaller fees with trading 100 coins all the time but it's still too small margin for such quantity. What I really don't understand about peoples trading strategies here is that there seems to be a bias towards running losses and taking really small profits. That is the opposite of my perception of a successful strategy. Get out of your losers quickly and run the winners as long as you dare IMO Whatever your intended profit is, the stop loss should be considerably less than that. Anyone agree with this ?
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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May 07, 2013, 05:33:35 PM |
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"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. " FUD or serious shit? http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt..
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Coinseeker
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May 07, 2013, 05:35:29 PM |
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Guys, seriously guys....
I've crunched the numbers and ran them through 77^1000 simulations to come up with the definitive and irrefutable calculation that predicts with 100% accuracy the future movement of BTC price and have printed it up on this piece of paper from which I shall now read.
*clears throat*
Bitcoin does whatever the f**k it wants.
Best post of the hour!
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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May 07, 2013, 05:36:53 PM |
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"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. " FUD or serious shit? http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt.. I think it's inevitable that we will see something like this happen eventually. And it will certainly cause a pretty big crash in the price. But in the end does it really matter? It will just slow the growth for a while, but ultimately bitcoin can not be stopped and continues to provide a very useful service. And also, luckily the US isn't the entire world (yet).
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Digikeys
Member
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Activity: 115
Merit: 10
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May 07, 2013, 05:39:04 PM |
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Incoming Lag...
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dasein
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May 07, 2013, 05:45:52 PM |
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While overly rigid regulations are of course bearish for bitcoin, some regulations would actually be bullish. Government regulation removes uncertainty about bitcoin's legality, and provides a framework that can be relied upon by investors. Regulations can also potentially reduce risks for consumers and thereby help make bitcoin more viable for the mass-market.
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ChartBuddy
Legendary
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Activity: 2254
Merit: 1782
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 07, 2013, 06:06:53 PM |
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crazy_rabbit
Legendary
Offline
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
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May 07, 2013, 06:15:37 PM |
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"I would argue very strongly that the rigid application of US financial reporting rules would bring [bitcoin] to a stop pretty quickly. And that is all the authorities really need to do. Volumes in Bitcoin are far too small for it to be worthwhile filing all the paperwork that could be demanded: so if it is demanded then financial institutions will simply stop handling any payments or transfers that have anything at all to do with Bitcoin. " FUD or serious shit? http://www.forbes.com/sites/timworstall/2013/05/07/now-this-really-could-make-a-dent-in-bitcoin/If true,it would to a massive crash, back to sub 50. But its from forbes, so take it with a bag of salt.. I think it's inevitable that we will see something like this happen eventually. And it will certainly cause a pretty big crash in the price. But in the end does it really matter? It will just slow the growth for a while, but ultimately bitcoin can not be stopped and continues to provide a very useful service. And also, luckily the US isn't the entire world (yet). +1 The truth is that US influence is actually on the wane worldwide and indeed the great potential of Bitcoin may be realized in yet undeveloped countries where currency systems simply don't work and regulation has very little impact. To give a crude example, the US has considerable regulation on small arms, but that doesn't stop Africa from being absolutely swamped in weapons. The same goes for traffic regulations. Lots in America hardly any in some other billion-person markets. Regulation is a localized thing. If people want to get serious about skirting US regulation, they could move to Somalia and build an empire from there. It's not a silly idea. It depends on how committed and strong you are. More likely however, it will be someone local who builds the empire in the local area itself. Regulation is a good thing- in the US you need to play by the rules. But just like the US dollar is the defacto currency in many countries around the world- once you're out of America you can still do business as you like.
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lewicki
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May 07, 2013, 06:16:51 PM |
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The upper wall keeps moving back any time the price gets near, bottom wall has not been tested yet afaik.
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Jaroslaw
Member
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Activity: 84
Merit: 10
supernode
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May 07, 2013, 06:20:22 PM |
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This guy cant be wrong, right ?
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MickeyT2008
Sr. Member
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Activity: 350
Merit: 250
This account was recently hacked
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May 07, 2013, 06:27:15 PM |
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The upper wall keeps moving back any time the price gets near, bottom wall has not been tested yet afaik.
Where's Rpietila the bitcoin baron wall demolisher when you need him?
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bangersdad
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May 07, 2013, 06:32:03 PM |
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This guy cant be wrong, right ? is that Mr.Supernode?
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Crazy
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May 07, 2013, 06:33:04 PM |
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Omg, please tell me it is. Please.
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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May 07, 2013, 06:36:11 PM |
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Yes it is.
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