RejectedBanana
Sr. Member
 Offline
Activity: 406
Merit: 551
I am a banana.
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December 10, 2017, 03:15:09 AM |
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I think 10K is bedrock now. A bounce or two off 10K would be nice.
Bedrock forms over millions of years. Is 12 days really long enough to form such a structure? As long as it's not eroded, yep. |
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pfrtlpfmpf
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December 10, 2017, 03:17:35 AM
Last edit: December 10, 2017, 07:46:42 AM by pfrtlpfmpf |
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I loled so hard (how can you lol hard ? ) It´s easily the best Meme, i have ever seen. |
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JayJuanGee
Legendary
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Activity: 3892
Merit: 11119
Self-Custody is a right. Say no to"Non-custodial"
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December 10, 2017, 03:20:31 AM |
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By stability do you mean staying within the same order of magnitude?
By stability: I was personally referring to HarryMac's description of what he was proposing to be a possible effects of institutional money coming in. Quoted for reference:
Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago. I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory. Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point. If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly. I don't buy it for a minute... We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels. |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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December 10, 2017, 03:20:31 AM |
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I do love a good Saturday night dump.
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bitserve
Legendary
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Activity: 1848
Merit: 1478
Self made HODLER ✓
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December 10, 2017, 03:21:37 AM |
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This tweet illustrates perfectly what is happening with kraken for the past few days: https://twitter.com/_skyl/status/939686600455340032It was always a toaster, but now it has gone beyond ridiculous. Let's see how many more days do I need to finish getting outta there. |
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jojo69
Legendary
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Activity: 3332
Merit: 4615
diamond-handed zealot
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December 10, 2017, 03:22:11 AM |
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totally unlistenable...embarassing Tone, dude, If you need an audio engineer drop me a PM |
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True Myth
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December 10, 2017, 03:30:01 AM |
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I haven't seen any "is bitcoin dead" posts so, we must not be at the bottom yet. I only wish I had more fiat to add more cheap btc to my stash. Although, I guess I could always just print more... you know like everyone else...
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PoolMinor
Legendary
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Activity: 1843
Merit: 1338
XXXVII Fnord is toast without bread
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December 10, 2017, 03:34:44 AM |
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$11,111 buy moar when.
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Vin
Legendary
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Activity: 1166
Merit: 1015
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December 10, 2017, 03:40:52 AM |
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That Is The End!
Again
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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December 10, 2017, 03:43:14 AM |
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In case you guys couldn't figure out bitcoin was in a bubble, I present to you this tertiary effect (look at the insane rapid rise on the Alexa chart): Also just noticed the global Alexa rating of Steemit.com is.....#2,085...is this rigged? That's fucking yuge. http://www.alexa.com/siteinfo/steemit.comLooks like we underestimated how big Steemit could get while having a dysfunctional economic model. But how does this factor into the price of native tokens? I mean, Steemit.com could become the #1 Alexa site on earth but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh. They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit.com cares). |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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December 10, 2017, 03:43:42 AM |
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I haven't seen any "is bitcoin dead" posts so, we must not be at the bottom yet.
Cancer for everyone. |
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bitserve
Legendary
Offline
Activity: 1848
Merit: 1478
Self made HODLER ✓
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December 10, 2017, 03:50:52 AM |
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Now comes that awkward moment when people that didn't consider $16000+ a good price to sell... think this is a much better price and sell now.
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Kuriso
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December 10, 2017, 03:52:38 AM |
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sell sell sell sell
oh shit!
buy buy buy buy
wait! never mind
sell sell sell sell
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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December 10, 2017, 03:53:32 AM |
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Looks like the tide of one sentence nobody posters making salient points along the lines of 'the price is lower' is rising once more . Boy, they're quick off the mark.
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TERA2
Full Member
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Activity: 266
Merit: 222
Deb Rah Von Doom
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December 10, 2017, 03:55:39 AM |
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The first phase is when the buying stops. The last phase is when there is huge selling.
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Rosewater Foundation
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December 10, 2017, 03:58:47 AM |
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Looks like the tide of one sentence nobody posters making salient points along the lines of 'the price is lower' is rising once more . Boy, they're quick off the mark.
Looks like we're going down here, boys. Price-wise, I mean. |
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realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
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December 10, 2017, 03:59:09 AM |
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Nuts. I let it ride too much
Another victim to add to the stack of the MatTheCat bitcoin hedge fund:
This market is fucked.
it is futile trying to read these markets
the splashes of the whales have frozen me in my tracks
these markets are just not to be traded
I can't reasonably expect to be able to play these markets
it is fucking galling having to witness this again.
During the pump n dump, I went from being an early investor and early proft taker, to FOMO merchant
Fucking rat cocksuckers. 6 fucking BTC trade with Stop Order
The majority who invest money in a vacuos asset like Bitcoin are certain to lose
So my plan is to look for long setups
a cabal of vampire parasites takes its place....
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3014
Welt Am Draht
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December 10, 2017, 04:01:06 AM |
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Looks like we're going down here, boys. Price-wise, I mean.
Let's see if we're properly down once futures have been rolling for a little while. Right now it feels like yet another something out to 'get' us that never actually did like the SR auctions and Segwit2x. Daffy to be calling a categorical direction change before a large uncertainty becomes certain or not. |
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Rosewater Foundation
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December 10, 2017, 04:02:29 AM |
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Looks like we're going down here, boys. Price-wise, I mean.
Let's see if we're properly down once futures have been rolling for a little while. Right now it feels like yet another something out to 'get' us that never actually did like the SR auctions and Segwit2x. Daffy to be calling a categorical direction change before a large uncertainty becomes certain or not. Sorry bro, I was being sarcastic. |
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