N12
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June 28, 2013, 07:36:59 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
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QuestionAuthority
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June 28, 2013, 07:38:24 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin.
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molecular
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June 28, 2013, 07:46:14 PM |
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what's going on?
gox is almost down to bitstamp level.
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N12
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June 28, 2013, 07:47:57 PM |
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People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.
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ShroomsKit
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June 28, 2013, 07:48:09 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. You seriously think he would know? Come on...
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Rampion
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June 28, 2013, 07:50:09 PM |
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People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.
At last! But it took them long. Funny thing is that most of bulls in denial will eventually sell at the bottom.
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ardana123
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June 28, 2013, 07:50:19 PM |
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the pessimists in this thread are hilarious
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Rampion
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June 28, 2013, 07:51:02 PM |
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the pessimists in this thread are hilarious
who are they? Apart from shroomkit, who appears to be bitter and sad, everybody seems happy and playful.
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nmersulypnem
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June 28, 2013, 07:51:14 PM |
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People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.
Exactly, it'll be a desperate situation when a 1K sell drives the price down $10, but when that happens... it's a looong way down. Of course, MtGox will probably put a hold no trading again. And if they do that, I think it means they have a financial interest in the price, which would make me even more worried.
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QuestionAuthority
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June 28, 2013, 07:51:45 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. You seriously think he would know? Come on... He should at least have an opinion.
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N12
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June 28, 2013, 07:53:02 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. Hard to say, somewhat lower than 50 assuming the massive triangle indeed broke down. What one should be looking for is a final capitulation spike down occuring on extreme daily volumes with some or most of the former bulls displaying an extremely negative sentiment. It's probably going to be a rough and long ride though with many bull traps.
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ShroomsKit
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June 28, 2013, 07:53:11 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. You seriously think he would know? Come on... He should at least have an opinion. Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go. Edit: actually his predictions are so ridiculous that any random guess of yours will probably make more sense.
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seleme
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June 28, 2013, 07:53:31 PM |
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Lol, panic sale of ltc on btc-e based on that cnn blog btc-e article... dear God, what kind of morons are in crypto community, lol
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derpinheimer
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June 28, 2013, 07:55:54 PM |
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Lol, panic sale of ltc on btc-e based on that cnn blog btc-e article... dear God, what kind of morons are in crypto community, lol
Thats hilarious! I saw it was down a bit earlier, I thought by now people would realize blogs=/=news.
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QuestionAuthority
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June 28, 2013, 07:56:42 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. You seriously think he would know? Come on... He should at least have an opinion. Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go. But that's the game isn't it. What good is an opinion unexpressed?
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Voodah
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June 28, 2013, 07:57:20 PM |
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Below 88.14, this market is going to be priced below a billion dollars again.
This isn't a billion dollar market and it never has been. People are painfully beginning to realize.
But what is the realistic number? I don't even know how to fairly assess this. I mean, even if 90% of the market is speculation money, that's still market.. and every single market out there has it. And I wonder; if we were to magically remove all speculation money, where would we be? pre 2011 boom price? How much btc is actually circulating in the economy as opposed to trading, speculation and hoarding? If we remove speculation, there is little to no market left.
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ShroomsKit
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June 28, 2013, 07:58:02 PM |
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It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.
In your opinion how far down are we goin. You seriously think he would know? Come on... He should at least have an opinion. Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go. But that's the game isn't it. What good is an opinion unexpressed? In his case a lot.
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adamstgBit
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June 28, 2013, 08:01:29 PM |
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Below 88.14, this market is going to be priced below a billion dollars again.
This isn't a billion dollar market and it never has been. People are painfully beginning to realize.
But what is the realistic number? I don't even know how to fairly assess this. I mean, even if 90% of the market is speculation money, that's still market.. and every single market out there has it. And I wonder; if we were to magically remove all speculation money, where would we be? pre 2011 boom price? How much btc is actually circulating in the economy as opposed to trading, speculation and hoarding? If we remove speculation, there is little to no market left. Blitz is just depressed thats all, a good buying opportunity; thats what every bitcoin crash has ever been / will ever be, the big the crash the better the buying opportunity. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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ChartBuddy
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June 28, 2013, 08:01:37 PM |
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