Voodah
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July 18, 2013, 01:41:22 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
I predict new support points in the order book will be established based on the Satoshi bets. Thus, I am detecting a winning pattern on this whole trading game and can guarantee buying opportunities coming up at 91, 85, 79, 73, 50, 48, 36, 24. Get your fiat ready ! DISCLAIMER: These predictions have a 50% chance to succeed (1.9% house advantage).
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Frozenlock
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July 18, 2013, 01:41:39 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month. If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys. Sure, but at the same time you now have thousands of BTCs released in the wild. I wouldn't be surprised if some of them were sold.
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Voodah
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July 18, 2013, 01:43:10 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
I really invite you check the SatoshiDice statistical analysis thread, you will see how incredible were the profits during the bubble inflation, people gambled like there was no tomorrow. Tens of k's of BTC profit per month. If this buyout is true is probably the biggest investment ever in the Bitcoin economy, and its not pure speculation. Its big big news, guys. ASICMiner is trading at a market cap of 172k BTC AM has lots and lots and lots of sales, which I guess should account for that number. Anyone know actual numbers on AM total sales?
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solex
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100 satoshis -> ISO code
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July 18, 2013, 01:45:05 AM |
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189 BTC proft in 1/2 month, so only 27 years to recover the investment. Then free money for the new owners. Woohoo!
Have you read the SD statystical analysis thread and looked at the monthly profit charts? Big losing strike from 9 to 14 July. Variance. And still BTC77,239.51 total profit so far. At the beginning of 2013, total profit was at aprox. BTC32,000. Do the math and let me know again. OK. But their business has fallen off substantially. https://bitcointalk.org/index.php?topic=80312.msg1716834#msg1716834https://bitcointalk.org/index.php?topic=80312.msg2624808#msg2624808The Q2 profit is about 9,000. So 126/9 = 14 quarters or 3.5 years. Somewhat better if that can continue.
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phoenix1
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July 18, 2013, 01:47:23 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
Correct me where I am wrong ... 1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay 2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested 3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it already 4) The news is now in the public domain, and there has still been no price movement Why should we expect any significant price movement now ? Why would ex shareholders dump their BTC now ? I don't follow the bear logic on this BTC distribution, yup, but why are they all suddenly sellers ? Could it not be argued that it is bullish for BTC that a BTC based business has been bought out at such a price ? These questions are entirely innocent ... I have no agenda here
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Frozenlock
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July 18, 2013, 01:53:16 AM |
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1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay 2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested 3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it 4) The news is now in the public domain, and there has been no price movement
1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay Yup, so no new BTC purchase. 2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested Sure. You can be faithful and still sell to buy back later. That's the easiest way to grow your BTC stash. 3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it 4) The news is now in the public domain, and there has been no price movement Bitstamp is now at $90... might be in part because of this... we will never know. Also, those BTCs are not yet released. They will be in a few hours. But who knows, maybe everyone will just decide to keep their BTCs.
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BitPirate
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RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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July 18, 2013, 02:42:17 AM |
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So, how are we going to refer to the ensuing price drop?
SatoshiDiceddon?
Correct me where I am wrong ... 1) Satoshi Dice has been bought out for a price in BTC ... deal done .... buyer must have the BTC to pay 2) BTC will be distributed to the previous shareholders, who presumably have faith in BTC or would not have invested 3) NO DEAL is ever secret, so if there were to be an influence on price we would have seen it already 4) The news is now in the public domain, and there has still been no price movement Why should we expect any significant price movement now ? Why would ex shareholders dump their BTC now ? I don't follow the bear logic on this BTC distribution, yup, but why are they all suddenly sellers ? Could it not be argued that it is bullish for BTC that a BTC based business has been bought out at such a price ? These questions are entirely innocent ... I have no agenda here Quite right. The truth is, no-one has any idea of the effect of the sale -- but there is no reason to assume there will be titanic shifts. I was expecting a continuation of the uptrend for a while, but the rift between Gox and other exchanges is troubling. I think many feel the same -- hence no volume whatsoever. I don't much trust Bitstamp either -- very odd that people are selling there at all given the gap in exchange rates, and if I understand correctly, they will be somewhat lower as all the coins from shorting bears on Bitfinex end up there. At the moment, perhaps everyone is just waiting for clarity.
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chufchuf
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July 18, 2013, 02:59:00 AM |
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The bear case is yet a new run of mr smith goes to faptown-
there's an exchange of btc, oh noes this means everyone receiving btc suddenly wants to sell- dumpocalypse.
there's no exchange of btc, oh noes btc doesn't have an economy, how can we possibly be worth 1 billion without an economy somebody save my penis!
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Spaceman_Spiff
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July 18, 2013, 03:09:49 AM |
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The bear case is yet a new run of mr smith goes to faptown-
there's an exchange of btc, oh noes this means everyone receiving btc suddenly wants to sell- dumpocalypse.
there's no exchange of btc, oh noes btc doesn't have an economy, how can we possibly be worth 1 billion without an economy somebody save my penis!
lol
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notme
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July 18, 2013, 03:26:10 AM |
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Yup, if anyone had any confidence in what they were posting they would be swinging their dicks and front-running the shit out of it
+1
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Chalkbot
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July 18, 2013, 03:30:48 AM |
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Yup, if anyone had any confidence in what they were posting they would be swinging their dicks and front-running the shit out of it
+1 +2 Already did all my dick swinging on Havelock today.
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notme
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July 18, 2013, 03:50:53 AM |
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Anyone know if this wave count adds up? I'm no EW expert, but that doesn't look right to me. I think the entire trend is supposed to be in the same direction as the initial impulse, but I could be wrong.
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ChartBuddy
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July 18, 2013, 04:01:38 AM |
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Acidman
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July 18, 2013, 04:17:28 AM |
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put the power of currency back in the hands of the people.
I hear this a lot, and it doesn't make any sense to me. I have visions of BTC rich people flying in blimps, showering the masses with Casascius coins. Good thought for a chuckle, not very realistic. The simple fact is, there are a select few who own a lot of bitcoins. Those people are not likely to suddenly start distributing them to "the people" just when they're at their highest. All that I foresee happening is we will have a new set of "select few." Sorry for the rant kudos to those of you who read on With US dollars there is a constant stream of depreciation as it becomes worth less and less. So as its in our wallets it becomes worth less and less and less. The power of our currency is in the hands of the federal reserve which is owned by the rosthchilds a private family. They print off more money our money becomes worth less and less until we no longer can afford our or car. Then the rosthchilds come and foreclose on your house and repossess your car since they hold on a monopoly on the banking system that loaned you the money for your house. So for twenty years you pay most of your pay checks to them directly to keep your house but they are simultaneously devaluing the money your using to pay for until you can no longer pay for it so in the end they got 20 years worth of pay checks and they get to keep the house. Bitcoins tend to gain value over time as a currency should and the reverse starts to happen. If I started out getting paid 3 bitcoins an hr three years ago (so about 15 hr ) then today I would make somewhere around $291 an hr. every year 1 bitcoin starts to fill a grocery cart more and more and even though a few people are heavily invested they don't have the ability to manipulate the value of the bitcoin as easily as the rosthchilds can manipulate the dollar. The few big whales can pump and dump and affect short term trends somewhat but in the long run bitcoin continues to grow. The total money in bitcoins isn't even a fraction of a percent of the total market size of US dollars is yet it is much easier for the rosthchilds to manipulate a multi trillion dollar market than it is for the winklevoss twins to manipulate a billion dollar market. The select few u speak of aren't affecting bitcoins nearly as much as the other select few are affecting the US dollar. Also most of the bitcoins in existence haven't even been mined and us common folk haven't been having trouble finding them. The beauty of bitcoin is that no one is required to use it... So if a select few come in and buy all bitcoins then they will have billions of dollars worth of a currency that no one uses and we will all start using lite coin =)
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ChartBuddy
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July 18, 2013, 05:01:45 AM |
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spooderman
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July 18, 2013, 05:26:46 AM |
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350k BTC seems to be an insanely huge number. Fuck it, even 120k is an insanely huge number for a simple website like satoshi dice. That's 1% of all current bitcoins for a concept that anybody can copy I see it the same. For this reason, I'm beginning to favor this scenario: https://bitcointalk.org/index.php?topic=258066.msg2751829#msg2751829Still makes no sense. 120k btc = 12 million dollars for a simple website that can be developed for a tiny fraction of the cost, generates little to no revenue and currently stale, with lots of competition popping up. If big casino owners know one thing, it's not to give money away. Something's fishy here. 120k BTC? That is one two hundreths of all the BTC there will ever be. That is absurd.
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icekiss
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July 18, 2013, 05:56:46 AM |
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The satoshi dice selloff has started. And for the first time in quite a few days, mtgox is finally following the downward trend set by bitstamp...
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ChartBuddy
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July 18, 2013, 06:01:39 AM |
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superduh
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July 18, 2013, 06:04:21 AM |
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The satoshi dice selloff has started. And for the first time in quite a few days, mtgox is finally following the downward trend set by bitstamp...
what? noone has even "received" their buyout.. just bots.. as usual.. nothing to see
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Coinseeker
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July 18, 2013, 06:06:36 AM |
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The satoshi dice selloff has started. And for the first time in quite a few days, mtgox is finally following the downward trend set by bitstamp...
what? noone has even "received" their buyout.. just bots.. as usual.. nothing to see A bot just dumped 1600 BTC?
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