samson
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Activity: 2097
Merit: 1070
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July 08, 2013, 02:24:17 PM |
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.  Is there ANY reasons why coins today should be worth 6-fold more than in January? Of course not. |
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Dalib
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Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 08, 2013, 02:27:11 PM
Last edit: July 08, 2013, 02:37:14 PM by Dalib |
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I think that if we stay above $ 74, the next bullish wave will be against the 80 wall.When short-time overbought little drops. Otherwise, we can probably fall back at 60 - 70 again ....  Good call so far. The price has fallen through $75 to rebound off $73.
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Dalib
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Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 08, 2013, 02:32:47 PM |
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maybe bears do not eat us ....    It seems that the bears maybe have "full stomachs", at least for now |
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Sitarow
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Activity: 1792
Merit: 1047
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July 08, 2013, 02:44:48 PM |
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Dalib
Full Member
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Activity: 462
Merit: 101
A Top Web 3 Gaming Layer2 Provider
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July 08, 2013, 02:57:55 PM |
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It seems that the bears maybe have "full stomachs", at least for now
Some of us even grew little horns after eating all that bull meat  ... I hope it does not make us queasy  EDIT : My fur is falling out and my legs are growing ... what is happening to me ? Help ! |
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barbs
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July 08, 2013, 03:10:30 PM |
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I've been watching the wall dance.. I'm not nostradamus, but I believe a large dump is inc.. still not convinced
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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July 08, 2013, 03:14:49 PM |
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Walsoraj
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July 08, 2013, 03:22:20 PM |
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The ceiling-walls are no longer working... that not good... Do the floor-walls still function efficiently? if so... |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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July 08, 2013, 03:31:58 PM |
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any. Is there ANY reasons why coins today should be worth 6-fold more than in January? Of course not. They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge. |
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WeltMaster
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July 08, 2013, 03:40:02 PM |
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any. Is there ANY reasons why coins today should be worth 6-fold more than in January? Of course not. They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge. What? A commodity that inflates at around 10% per year, which market cap is overwhelmingly overvalued due to speculation, which actual uses currently are unknown and unneeded for the average joe and what little use it is used solely for is illicit activities. Please expand on why you think bitcoin is anything more than an anti-distablishment hype train? (I'm a long term bull btw, but we are not ready for a billion dollar market cap. Soon TM ) My 2 cents |
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Walsoraj
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July 08, 2013, 03:41:19 PM |
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any. Is there ANY reasons why coins today should be worth 6-fold more than in January? Of course not. They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge. What? A commodity that inflates at around 10% per year, which market cap is overwhelmingly overvalued due to speculation, which actual uses currently are unknown and unneeded for the average joe and what little use it is used solely for is illicit activities. Please expand on why you think bitcoin is anything more than an anti-distablishment hype train? (I'm a long term bull btw, but we are not ready for a billion dollar market cap. Soon[supTM[/sup]. My BTC0.02 Anti-distablishment hype-trains=priceless. |
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wachtwoord
Legendary
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Activity: 2324
Merit: 1125
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July 08, 2013, 03:54:06 PM |
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is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any. Is there ANY reasons why coins today should be worth 6-fold more than in January? Of course not. They're worth so much more, it's just the price that's lagging. Mispricing in markets creates opportunity. Don't be one of those people that actually knew of Bitcoin in it's early days and not captilize on this knowledge. What? A commodity that inflates at around 10% per year, which market cap is overwhelmingly overvalued due to speculation, which actual uses currently are unknown and unneeded for the average joe and what little use it is used solely for is illicit activities. Please expand on why you think bitcoin is anything more than an anti-distablishment hype train? (I'm a long term bull btw, but we are not ready for a billion dollar market cap. Soon TM ) My 2 cents In short because it's the most perfect form of money that has ever existed. Eventuslly mr. Market will recognise this and the market will reflect the true value. Check out Erik Voorhees' articles if you like to reaf a clearly written explanation why Bitcoin is the best money thus far. |
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prof7bit
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July 08, 2013, 04:12:51 PM |
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in other words: I played around until it looked good.
Thats the same thing you did yourself a while back with your chart where the y axis was calculated as y = log(price + C) ; C arbitrarily chosen to make it look "good" (or bad) |
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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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July 08, 2013, 04:25:43 PM |
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6k dump! loozak, says us what is happening! Nothing interesting is happening. Mrs Market wants to scare you, she decided to test the green trendline, or NOT.  |
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sarc
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Activity: 98
Merit: 10
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July 08, 2013, 04:39:05 PM |
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in other words: I played around until it looked good.
Thats the same thing you did yourself a while back with your chart where the y axis was calculated as y = log(price + C) ; C arbitrarily chosen to make it look "good" (or bad) You mean make it linear, which is useful for fitting straight lines. But, it'd make me very happy for you to base your trading decisions on the blockchained.com long term growth estimate...go for it!  |
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Frozenlock
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July 08, 2013, 04:40:31 PM |
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So, those who wanted to buy at $50... is your finger itching yet? |
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WeltMaster
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July 08, 2013, 04:41:53 PM |
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In short because it's the most perfect form of money that has ever existed. Eventuslly mr. Market will recognise this and the market will reflect the true value.
Check out Erik Voorhees' articles if you like to reaf a clearly written explanation why Bitcoin is the best money thus far.
I agree, bitcoin is revolutionary. It IS the best form of money that has ever existed. However, it is still in its infancy whatever way you look at it. For it to BE money it needs a stable price, who is going to trade with something with no fixed value or at least some what of a guarantee of your spending power down the line. The ONLY way to get round this is to stop all this crazy speculation that it's bigger than Jesus/the internet etc and actually use it as money. Until it is actually used as money en masse all this volatility is just delaying it being mass adopted. Yes a bubble is great for bitcoin, for publicity and adoption, but it NEEDS to deflate and have steady growth in order to compete as money. All this bullish sentiment that its value right now is in tripple digits or that it will some day be the global currency is irrelevant. Bitcoin needs to walk before it can run and with the only people jumping on the train are expecting it. The price ends up being 99% speculation and 1% asset, this only helps to stunt its growth as a viable currency. |
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kickinyou
Member
Offline
Activity: 93
Merit: 10
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July 08, 2013, 04:44:23 PM |
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Is someone making a buy on 76 and take it away repetedly just to make it look like its red al the time ?(no google translate;))
Or is my phone just fucking with me ?
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kickinyou
Member
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Activity: 93
Merit: 10
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July 08, 2013, 04:47:07 PM |
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So, those who wanted to buy at $50... is your finger itching yet? Yes it is but hope for the next dump soon |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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July 08, 2013, 04:48:08 PM |
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In short because it's the most perfect form of money that has ever existed. Eventuslly mr. Market will recognise this and the market will reflect the true value.
Check out Erik Voorhees' articles if you like to reaf a clearly written explanation why Bitcoin is the best money thus far.
I agree, bitcoin is revolutionary. It IS the best form of money that has ever existed. However, it is still in its infancy whatever way you look at it. For it to BE money it needs a stable price, who is going to trade with something with no fixed value or at least some what of a guarantee of your spending power down the line. The ONLY way to get round this is to stop all this crazy speculation that it's bigger than Jesus/the internet etc and actually use it as money. Until it is actually used as money en masse all this volatility is just delaying it being mass adopted. Yes a bubble is great for bitcoin, for publicity and adoption, but it NEEDS to deflate and have steady growth in order to compete as money. All this bullish sentiment that its value right now is in tripple digits or that it will some day be the global currency is irrelevant. Bitcoin needs to walk before it can run and with the only people jumping on the train are expecting it. The price ends up being 99% speculation and 1% asset, this only helps to stunt its growth as a viable currency. I think you are mistakingly overvalueing the impact of price. |
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