Richy_T
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Merit: 2119
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 17, 2013, 02:05:24 AM |
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You don't need an economist, just look at food prices. It varies a bit from item to item, but everything is 5-20% more expensive than a year ago. And yes, food prices have been excluded from official inflation calculations.
Or 5-20% smaller (effectively the same thing)
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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foo
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May 17, 2013, 02:08:52 AM |
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Gox has now deleted their first response to the DHS news from their web site and facebook page. Someone please tell Mark that you can't take back what you've posted on the Internet.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 17, 2013, 02:09:13 AM |
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bobdude17
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May 17, 2013, 02:12:16 AM |
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Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned. No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing. Can't see anyone at the conference having a problem with rising prices Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability. Of course, these are my guesswork conclusions. We'll see what happens. Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this. I think it would be waaaaay worth it. Even if the investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue. I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money. Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news. C'mon, it's just an impasse between buyers and sellers, most of the time with low volume. There is more than one exchange and people all around the world simultaneously either investing or getting cold feet. True, true. I just doubt it, market feels too artificial right now. Agree to disagree then.
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Richy_T
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Activity: 2436
Merit: 2119
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 17, 2013, 02:14:20 AM |
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Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.
True. Norman Lamont vs George Soros. Guess who came out the multi-billionaire?
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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May 17, 2013, 02:23:10 AM |
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Gox has now deleted their first response to the DHS news from their web site and facebook page. Someone please tell Mark that you can't take back what you've posted on the Internet. Hopefully they did that in exchange for a more serious announcement in the next minutes. For the sake of internet memory: Statement Regarding Dwolla:
Like many who have contacted us, MtGox has read on the Internet that the United States Department of Homeland Security had a court order and/or warrant issued from the United States District Court in Maryland which it served upon the Dwolla mobile payment service with respect to accounts used for trading with MtGox. We take this information seriously. However, as of this time we have not been provided with a copy of the court order and/or warrant, and do not know its scope and/or the reasons for its issuance. MtGox is investigating and will provide further reports when additional information becomes known. Anyway. https://www.facebook.com/MtGox/posts/468895216528224 still works. I guess the post was just hidden from their wall, but not deleted.
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Chainsaw
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May 17, 2013, 02:23:46 AM |
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Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.
TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned. No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing. Can't see anyone at the conference having a problem with rising prices Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability. Of course, these are my guesswork conclusions. We'll see what happens. Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this. I think it would be waaaaay worth it. Even if the investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue. I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money. Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news. I thought the same thing at first too, bobdude. But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up. That's what evolved my thinking to a 'perfect storm' scenario: -We're finally concluding the price discovery following the $266-to-50 crash -Rather than resuming an upward rally or beginning a downtrend, we entered a trading range. The spring coils tighter. -Potential for good news is on the horizon - no one wants to sell. -While information is sparse, the risk of Gox going away becomes a reality. Then a several hour likely orchestrated DDoS. ...and nothing happens. Big money cannot buy silence. The market - each and every investor, just failed to act - buy or sell, when Gox came back online. That's what led me to my conclusions here https://bitcointalk.org/index.php?topic=181037.20 (Page 2, 6th post down). The short version - I think it's going up Guess we'll find out soon enough!
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Quietlylurking
Newbie
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Activity: 7
Merit: 0
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May 17, 2013, 02:25:54 AM |
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People here don't half talk a lot when there's nothing to talk about.
If you're not occupied by the market changing there's an enormous amount of tinfoil hatting going on. Do the conspiracy theorists still have money? With minds as emotional as that I can't imagine they'll be holding onto it for long. There's still a daily swing of 5% occurring, that's an enormous potential gain. There's been an introduction of an enormous amount of value to the market compared to just a few months ago, we're on the backend of that introduction of money now and the habits that are defined now will be the habits that continue afterwards.
In short, reassess your plans in order to profit from the smaller 5% swings with the larger 10-15% ups and downs. Things aren't going to be changing for a while, you can sit around waiting for the larger swings to come back or you can work out a method to profit off the current market conditions as it's likely to remain this way for a while.
Everyone's waiting for the daily 10-14% swings to come back, and while everyone is waiting for those to come back there will be no swings as there will be no volume as everyone is just waiting for those swings.
Made a 25% increase in the last 8 days repeatedly exploiting the daily low and daily high.
Back to lurking.
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bobdude17
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May 17, 2013, 02:31:19 AM |
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I thought the same thing at first too, bobdude. But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up. That's what evolved my thinking to a 'perfect storm' scenario: -We're finally concluding the price discovery following the $266-to-50 crash -Rather than resuming an upward rally or beginning a downtrend, we entered a trading range. The spring coils tighter. -Potential for good news is on the horizon - no one wants to sell. -While information is sparse, the risk of Gox going away becomes a reality. Then a several hour likely orchestrated DDoS. ...and nothing happens. Big money cannot buy silence. The market - each and every investor, just failed to act - buy or sell, when Gox came back online. That's what led me to my conclusions here https://bitcointalk.org/index.php?topic=181037.20 (Page 2, 6th post down). The short version - I think it's going up Guess we'll find out soon enough! I'm reading your posts right now... Wanted to respond real quick to this But the piece that didn't fit was the remarkable lack of volume or volatility after Gox came back up. Could it be a egg/chick argument? Couldn't artificial stability result in lack of volume? I mean one thing that keeps me from selling in spite of bad news is when the prices seem to remain steady. Calms people, less volume.
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 17, 2013, 02:42:47 AM |
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Do the conspiracy theorists still have money? With minds as emotional as that I can't imagine they'll be holding onto it for long. bodude loves his conspiracy theories... you shoulda seen the posts about China I'm not in it to trade anyways sir, not in the stricter sense... I prefer to engage in general market sentiment discussion to gauge longer term buying in and selling points etc. Maybe I will attempt to trade again if there is another bubble in the future, but the finer stuff that goes into day trading... too emotional for that.
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Kupsi
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9.9.2012: I predict that single digits... <- FAIL
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May 17, 2013, 02:44:04 AM |
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Bye, bye bears
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UltimateReaper
Newbie
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Activity: 56
Merit: 0
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May 17, 2013, 02:48:15 AM |
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Bye, bye bears I suspect this will end in disaster.
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bobdude17
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May 17, 2013, 02:49:21 AM |
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Do the conspiracy theorists still have money? With minds as emotional as that I can't imagine they'll be holding onto it for long. bodude loves his conspiracy theories... you shoulda seen the posts about China At least I do it with style And with logic, I like to think. I'm not in it to trade anyways sir, not in the stricter sense... I prefer to engage in general market sentiment discussion to gauge longer term buying in and selling points etc. Maybe I will attempt to trade again if there is another bubble in the future, but the finer stuff that goes into day trading... too emotional for that. Same.
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BitPirate
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 17, 2013, 02:51:49 AM |
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Bye, bye bears I suspect this will end in disaster. Followed by an EVEN BIGGER PARTY Anyway, looks like we're really in the midst of a decoupling from MtGox. Price 5% higher than all the other exchanges (this used to be really rare, especially for China), and volume dwindling. But will other exchanges still follow Gox's price lead? If they do, there is only one possible result: Price will be INFINITY.
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michaelGedi
Sr. Member
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Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
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May 17, 2013, 02:53:23 AM |
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ok... apples, all I can think about is apples now after seeing this: https://btcglobal.net/HEALTHY BITCOIN APPLES
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BitPirate
Full Member
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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May 17, 2013, 03:17:44 AM |
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No...
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Coinseeker
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May 17, 2013, 03:18:51 AM |
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No... Eventually, yes. But not today.
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