wachtwoord
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May 21, 2013, 09:35:57 PM |
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Clearly someone did, or they wouldn't have sold.
Glad you see my point. So what's your prediction? I don't have one. I just don't think this overly bullish ambiance is a good thing. Like I said in another thread, this time I will unload my coins if it goes down, contrary to 2011. http://www.youtube.com/watch?v=S8QM79i-lXQ
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Frozenlock
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May 21, 2013, 09:43:31 PM |
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I don't have that many. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Loozik
Sr. Member
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Activity: 378
Merit: 250
Born to chew bubble gum and kick ass
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May 21, 2013, 10:01:21 PM |
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It obviously broke a very strong support a while before it started to crash
So did we. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbNDR4wh.png&t=663&c=T-Dembn5q_s3IA) Just stay on your toes, that's all I'm saying. Would this trendline look the same if it weren't for the exponential scale?
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 21, 2013, 10:02:43 PM |
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Frozenlock
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May 21, 2013, 10:05:26 PM |
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Would this trendline look the same if it weren't for the exponential scale?
Well no, it would look like an exponential function on a linear scale. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Frozenlock
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May 21, 2013, 10:06:33 PM |
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A candy for the bulls: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2KAx9fF.png&t=663&c=0FlsZ4OOve49Dw)
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Abandon
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May 21, 2013, 10:07:20 PM |
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It obviously broke a very strong support a while before it started to crash
So did we. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FbNDR4wh.png&t=663&c=T-Dembn5q_s3IA) Just stay on your toes, that's all I'm saying. Would this trendline look the same if it weren't for the exponential scale? It was growing exponentialy for a while before it went nova, so the trend line is difficult to discern. Either way, it will pick back up on it eventually.
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micalith
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May 21, 2013, 10:20:50 PM |
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but what about this one? ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fblockchained.com%2Fchart_large_log.png&t=663&c=EyNmXbY_YQC-Tw)
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old_engineer
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May 21, 2013, 10:25:11 PM |
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Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
I just don't see the price dropping below $100 ever again. Unlike 2011, there are deep-pocketed investors now backstopping the currency, and they have millions riding on bitcoin businesses. If there's a crash, bitcoin would be oversold, and these investors have access to the millions of USD needed to buy up low-priced coins. I think this already happened once: the morning mini-crash on May 3rd was apparently stopped when a single user, likely waking up at ~8 AM PST, bought up all the coins from $84 to $98, and the price has never dropped below $90 since then. And perhaps not coincidentally, the Winkelvii live in California, as do most of the silicon valley VCs. With the recent increased interest by the investing class -- the only players that can actually affect the price now -- I think that by first week in June, the exchange rate will pop over $130, and then to $150 by the end of June. The exchange rate might touch $110, as it did on the Gox/Dwolla news, but I doubt it. </falsifiable prediction>
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fitty
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May 21, 2013, 10:34:53 PM |
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A candy for the bulls: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2KAx9fF.png&t=663&c=0FlsZ4OOve49Dw) Wonder how much lag would be created on Gox with a 100k BTC market order. Over/under 3 days? I'm going over. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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Miz4r
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May 21, 2013, 10:54:47 PM |
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A candy for the bulls: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2KAx9fF.png&t=663&c=0FlsZ4OOve49Dw) That looks like a mirror image of the orderbook on Bitstamp, only the numbers are bigger. ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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01BTC10
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May 21, 2013, 10:56:55 PM |
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123.04K BTC can be bought for 24.25M until price goes above $1219
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Aseras
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May 21, 2013, 11:10:20 PM |
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Granted, but I do not see any reason for it to crash again, any time soon, there's too many wanting to buy at a lower price, like you. Some of them will get impatient, or risk missing the train. From a TA point of view, it looks bullish. That previous chart looked bearish.
I just don't see the price dropping below $100 ever again. Unlike 2011, there are deep-pocketed investors now backstopping the currency, and they have millions riding on bitcoin businesses. If there's a crash, bitcoin would be oversold, and these investors have access to the millions of USD needed to buy up low-priced coins. I think this already happened once: the morning mini-crash on May 3rd was apparently stopped when a single user, likely waking up at ~8 AM PST, bought up all the coins from $84 to $98, and the price has never dropped below $90 since then. And perhaps not coincidentally, the Winkelvii live in California, as do most of the silicon valley VCs. With the recent increased interest by the investing class -- the only players that can actually affect the price now -- I think that by first week in June, the exchange rate will pop over $130, and then to $150 by the end of June. The exchange rate might touch $110, as it did on the Gox/Dwolla news, but I doubt it. </falsifiable prediction> That's just it, if one whale pulls out, crash. One comes in rally. There's no depth.
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MickeyT2008
Sr. Member
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This account was recently hacked
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May 21, 2013, 11:11:05 PM |
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123.04K BTC can be bought for 24.25M until price goes above $1219
Hang on, I'm sure I've got a spare $24,250,000 around here somewhere.....
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samson
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May 21, 2013, 11:20:21 PM |
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I just don't see the price dropping below $100 ever again.
rpietila also said his recently. I think it went to the $90's the very next day. It recovered quickly only to stagnate and leave us where we are right now.
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Coinseeker
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May 21, 2013, 11:20:26 PM |
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That's just it, if one whale pulls out, crash. One comes in rally. There's no depth.
![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fwww.netanimations.net%2FMoving-picture-hand-flipping-coin-gif-animation.gif&t=663&c=3u-i8D_uLTjWqA)
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Loozik
Sr. Member
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Born to chew bubble gum and kick ass
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May 21, 2013, 11:30:11 PM |
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smoothie
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LEALANA Bitcoin Grim Reaper
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May 21, 2013, 11:37:12 PM |
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A candy for the bulls: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F2KAx9fF.png&t=663&c=0FlsZ4OOve49Dw) Wonder how much lag would be created on Gox with a 100k BTC market order. Over/under 3 days? I'm going over. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) You know what is messed up is that a 100k BTC buy order should be pretty much instant. What follows it is the part that may cause lag but I always find it odd that when the market moves really quickly in either direction gox lags like fuck. It is embarassing.
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massivebitman
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May 21, 2013, 11:37:58 PM |
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123.04K BTC can be bought for 24.25M until price goes above $1219
Even if somebody did buy it, it would never stay above 1000. More supply would quickly become available at a much lower price.
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smoothie
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LEALANA Bitcoin Grim Reaper
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May 21, 2013, 11:39:56 PM |
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I believe they call this stage 'denial'
A friendly reminder from a 2011 survivor. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FU4Lin9N.png&t=663&c=1TUJGFT3b-284w) OMFG I LOLed. Thanks for that "weeeeeeeeeeee!" ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif)
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