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Frozenlock
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June 05, 2013, 06:25:45 PM |
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Does anyone else think that the DDoS attack was done on purpose to assist the rally?
Either that, or it's a hell of a coincidence. |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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rezurect
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June 05, 2013, 06:26:37 PM |
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Was support for the rally justified? Walls look:  Resistance @ 130 look > Support @ 115. Fake walls? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 05, 2013, 06:27:20 PM |
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Does anyone else think that the DDoS attack was done on purpose to assist the rally?
DDoS attack push prices up these days  |
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Frozenlock
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June 05, 2013, 06:28:30 PM |
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It's rallying down!  |
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Abandon
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Activity: 112
Merit: 10
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June 05, 2013, 06:33:51 PM |
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It's rallying down! Quoted. Are you people seriously trading on these little wiggles?
Good luck staying on the right side of that.
Someone has to. |
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rezurect
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June 05, 2013, 06:44:45 PM |
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Gox on Nikkei? that could explain the crash. |
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Frozenlock
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June 05, 2013, 06:50:33 PM |
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Are you people seriously trading on these little wiggles?
Nope. Just watching. I find that curiously entertaining. |
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Frozenlock
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June 05, 2013, 06:51:34 PM |
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Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word). Fun times. |
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dexX7
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Activity: 1106
Merit: 1024
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June 05, 2013, 07:01:09 PM |
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It's rallying down! Quoted. Are you people seriously trading on these little wiggles?
Good luck staying on the right side of that.
Someone has to. It may be thin, but the 120 support is rock solid and we broke the mini-channel upwards. |
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ShroomsKit
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June 05, 2013, 07:02:23 PM |
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How do we know it was a ddos?
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ChartBuddy
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Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 05, 2013, 07:02:29 PM |
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Its About Sharing
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Activity: 1442
Merit: 1000
Antifragile
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June 05, 2013, 07:26:03 PM |
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Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word). Fun times. Thanks, I didn't know about the European info (odd considering I'm in Germany). I have heard from a few different sources (reliable with other stock market top calls) that the DOW will hit 16000 or so max and then POP goes the weasel. That will also coincide with a fall of the dollar. Not saying I believe that, but I am watching for that... |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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June 05, 2013, 07:27:46 PM |
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Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word). Fun times. Thanks, I didn't know about the European info (odd considering I'm in Germany). I have heard from a few different sources (reliable with other stock market top calls) that the DOW will hit 16000 or so max and then POP goes the weasel. That will also coincide with a fall of the dollar. Not saying I believe that, but I am watching for that... Devaluation of the Dollar is actually what drives the market up  |
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ShroomsKit
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June 05, 2013, 08:00:57 PM |
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What would be the point of that wall at 124 exactly?
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ChartBuddy
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Merit: 1745
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June 05, 2013, 08:02:15 PM |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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June 05, 2013, 08:03:32 PM |
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Yup. Europeans market have been in the red for quite a few days also... and now the Americans (as in the true definition of the word). Fun times. Thanks, I didn't know about the European info (odd considering I'm in Germany). I have heard from a few different sources (reliable with other stock market top calls) that the DOW will hit 16000 or so max and then POP goes the weasel. That will also coincide with a fall of the dollar. Not saying I believe that, but I am watching for that... Devaluation of the Dollar is actually what drives the market up I understand that quite well. I prefer to just call it inflation, soon to be hyperinflation if they keep doing what they are doing. They are printing 85 billion new dollars every month. The banks that receive this are investing some of those $$$ in the stock market. The Fed I believe has as much as said that they are involved in asset (stock market) allocation. People who have money in the bank, hurt by artificially low interest rates are also putting money in the stock market. So, we have a sideways to falling economy, decreasing productivity, very high unemployment rates, people working 2 or more jobs and often being completely overqualified for what they are doing = A rising stock market. I guess most folks believe CNN, FOX, etc. Anyway, the thing that is keeping things going is that people believe in the money. Money is essentially faith, we are seeing that with BTC. Intriniscally it has value for a few reasons, most notably its cryptographic security imo. Once people stop believing in the dollar, once they can't keep printing dollars to make the stock market go up (e.g. - worsening economy, rates that need to rise) = POP goes the weasel. My point with the 16,000 level in the DOW was that, that is around when their game ends, regardless of printing more money or not. |
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wachtwoord
Legendary
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Merit: 1125
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June 05, 2013, 08:09:07 PM |
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Actually you're explaining why the markets go up on speculation. I was talking intrinsically. Owning a business is owning income generation which is automatically hedged for inflation as the prices of produce increase with inflation.
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Abandon
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Activity: 112
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June 05, 2013, 08:25:06 PM |
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What would be the point of that wall at 124 exactly?
It doesn't make much sense, most of the orders won't get filled unless the wall is broken through, and why would anyone want to sell at the beginning of a breakout? |
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Richy_T
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June 05, 2013, 08:38:55 PM |
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Actually you're explaining why the markets go up on speculation. I was talking intrinsically. Owning a business is owning income generation which is automatically hedged for inflation as the prices of produce increase with inflation.
Until your customers can't afford your prices because their income has been devalued. |
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