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nmersulypnem
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June 02, 2013, 01:12:11 PM |
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Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
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Jozzaboy
Member
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Activity: 98
Merit: 10
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June 02, 2013, 01:13:19 PM |
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Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
1k got eaten but mostly pulled... I think. Clarkmoody lagged hard for me. |
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fr33d0miz3r
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June 02, 2013, 01:13:36 PM |
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Did anyone actually see the 8K 127.5 wall get eaten up, or was it pulled?
I saw. It was fully eaten |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 02, 2013, 01:30:43 PM |
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Wow lol so cruel! At least those 6k coins between 130-132 on Bitstamp didn't chase. Support alive:  (Bitstamp) |
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EuroTrash
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June 02, 2013, 01:37:26 PM |
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but... but... next difficulty is like 15 million!
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
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niothor
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June 02, 2013, 01:43:44 PM |
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but... but... next difficulty is like 15 million!
Let me call the worst bearish scenario I can think of.
Let's suppose all miners crap themselves and start dumping.
Let's suppose difficulty drops to 10 million because of some miners quitting the whole bitcoin mining thing (like it happened at block reward halving time last December).
Woudn't a 10 million difficulty sustain a price of at least 100$? 50$?
Also there are at least two retail markets that exclusively rely on bitcoins to function - one is selling drugs online and one is selling BTCs to people who can't directly access western currencies. Like it or not these markets are established since 2+ years by now. As long as they keep thriving the fiat value of BTC cannot drop to zero.
Lots of people will play hanging instead of satoshidice if the price goes below 50$.  |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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June 02, 2013, 01:44:55 PM |
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Difficulty doesn't support price. Difficulty doesn't lead price. Why the hell would it? Have you checked out how the 2 variables behaved during 2011 and 2012? The only relationship is that the price leads difficulty (minus more efficient mining technologies like ASICs). In 2011, difficulty topped out two months after the price did:  |
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samson
Legendary
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Activity: 2097
Merit: 1068
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June 02, 2013, 01:50:25 PM |
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LOL, it kind of looks like a hand with a outstretched finger pointing up. Up, Up, Up ? |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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June 02, 2013, 01:56:50 PM |
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LOL, it kind of looks like a hand with a outstretched finger pointing up. Up, Up, Up ? No, more like up was here.. |
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ChartBuddy
Legendary
 Online
Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 02, 2013, 02:02:16 PM |
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crumbcake
Newbie
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Activity: 42
Merit: 0
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June 02, 2013, 02:12:47 PM |
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EuroTrash
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June 02, 2013, 02:22:49 PM |
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 (cat pic original from simonscat.com) |
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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June 02, 2013, 02:33:30 PM |
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^ LOL
So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.
"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.
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niothor
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June 02, 2013, 02:34:52 PM |
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(cat pic original from simonscat.com) Looooooooooooooooooooooooooool |
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Arcas
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June 02, 2013, 02:44:11 PM |
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^ LOL
So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.
"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.
That's the problem with a currency based 95% on speculation. Nobody wants to buy any if there isn't money to be made. |
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Coinseeker
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June 02, 2013, 02:50:12 PM |
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Well good morning fellow bitcoiners, from the beautiful USA. What are we thinking today guys? Up, up, UP? |
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crumbcake
Newbie
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Activity: 42
Merit: 0
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June 02, 2013, 02:50:58 PM |
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^ LOL
So, what now? Another consolidation period with no volume? How long this time? A fortnight? 6 weeks? followed by a final rally just to have it spoilt by a dumper on a whim? I think that scenario would be too sickeningly boring to be likely.
"Wait and see" is over -- consolidation is pointless. Screw stability. Buy and laugh in the dumpers' faces.
That's the problem with a currency based 95% on speculation. Nobody wants to buy any if there isn't money to be made. Another treat, this one from Alexa: http://s20.postimg.org/6rcn9mgu5/Capture.jpg |
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niothor
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June 02, 2013, 02:53:37 PM |
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Cat or finger? Did somebody dropped something on gox when coinseeker entered the forum? |
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crumbcake
Newbie
Offline
Activity: 42
Merit: 0
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June 02, 2013, 02:56:33 PM |
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Cat or finger? Did somebody dropped something on gox when coinseeker entered the forum? Cat, i'm all about niceness now... |
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