Walsoraj
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November 08, 2013, 11:28:28 PM |
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Funny that they have the same sleeping habits as actual Chinese people in China. Weird.
It must be the same imaginary traders who are eating that ask wall on Mt Gox right now. I'm not denying that the manipulators have convinced a lot of stupid amurikans to do a lot of stupid trading. Fool.
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BlueTemplar
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Gone for a minute now back again
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November 08, 2013, 11:29:58 PM |
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Log charts are useful for illustrating the spread or adoption of a technology but not specific instances of that technology. Bitcoin is just an instance of something larger. And even if it wasn't, a log chart would be appropriate for spread or adoption, not price in fiat.
But isn't price in fiat pretty much proportional to bitcoin adoption? (assuming fiat value is constant)
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aminorex
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Sine secretum non libertas
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November 08, 2013, 11:30:04 PM Last edit: November 09, 2013, 12:02:41 AM by aminorex |
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too many chinese. too few bitcoins. someone is making a lot of money by selling for $350 in china and buying for $330 in europe.
when the chinese buyers decide to take a profit, you had best be headed the same direction, faster.
meanwhile, if the same number of bitcoin are bought in the lit market today as yesterday, then the price will go over 3000 yuan. since that can't happen, either someone will buy the wall at usd 335 on bitstamp, and send it to btcchina, or else the dam will break tonight.
1.3 billion chinese are telling us that BTC is a buy at $358.28, while 750 million europeans are telling us that BTC is a sell at $334.40.
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justusranvier
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November 08, 2013, 11:31:03 PM |
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Warning: Bitcoin just crashed to a new ATH on Mt Gox. The end times are upon us.
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Walsoraj
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November 08, 2013, 11:32:14 PM |
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Log charts are useful for illustrating the spread or adoption of a technology but not specific instances of that technology. Bitcoin is just an instance of something larger. And even if it wasn't, a log chart would be appropriate for spread or adoption, not price in fiat.
But isn't price in fiat pretty much proportional to bitcoin adoption? (assuming fiat value is constant) Fix your brain.
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jojo69
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diamond-handed zealot
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November 08, 2013, 11:36:05 PM |
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and Walsoraj's ignore button gets just a tiny bit darker...bye
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Walsoraj
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November 08, 2013, 11:36:44 PM |
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and Walsoraj's ignore button gets just a tiny bit darker...bye
Can't handle the logic bombs? I understand. Few can.
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Richy_T
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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 08, 2013, 11:39:03 PM |
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Even if we have a huge crash this weekend it's still not going to go below the previous ath (266?).
How do you think you know this? Obama promised.
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macsga
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Strange, yet attractive.
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November 08, 2013, 11:40:21 PM |
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Total BTC 11,964,950 BTC Market Cap based on latest prices 3,709,158,430 USD or 2,835,693,150 EUR or 11,833,335,550 PLN or 2,548,534,470 GBP This should be irrelevant, but I thought it might matter: http://www.wikinvest.com/stock/EBay_(EBAY)/Data/Market_CapitalizationGoodnight everybody...
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BlueTemplar
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Gone for a minute now back again
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November 08, 2013, 11:40:43 PM |
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Log charts are useful for illustrating the spread or adoption of a technology but not specific instances of that technology. Bitcoin is just an instance of something larger. And even if it wasn't, a log chart would be appropriate for spread or adoption, not price in fiat.
But isn't price in fiat pretty much proportional to bitcoin adoption? (assuming fiat value is constant) Fix your brain. Here's a compelling argument : http://www.x-btc.com/1/post/2013/11/bitcoin-is-not-surging-going-ballistic-or-going-on-an-astronomical-tear.htmlWhat's yours?
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Walsoraj
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November 08, 2013, 11:42:10 PM |
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Bitcoiners suffer from extreme confirmation bias and the charts they concoct reflect this.
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BitchicksHusband
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November 08, 2013, 11:51:12 PM |
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too many chinese. too few bitcoins. someone is making a lot of money by selling for $350 in china and buying for $330 in europe.
when the chinese buyers decide to take a profit, you had best be headed the same direction, faster.
meanwhile, if the same number of bitcoin are bought in the lit market today as yesterday, then the price will go over 3000 yuan. since that can't happen, either someone will buy the wall at usd 335 on bitstamp, and send it to btcchina, or else the dam will break tonight.
Oh ye of little faith. Are you new to bitcoin or something?
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justusranvier
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November 08, 2013, 11:58:26 PM |
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Honestly I'll be concerned if the current growth rate on the weekly chart continues for more than another week without some consolidation. In April we had two > 30% weeks followed by a 45% week before the crash.
Current week is +35% with one day left to go.
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ChartBuddy
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November 09, 2013, 12:01:42 AM |
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Davyd05
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November 09, 2013, 12:02:11 AM |
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My Money hits my exchange monday - tuesday my guess... Show me the corrections
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BlueTemplar
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November 09, 2013, 12:02:34 AM |
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Honestly I'll be concerned if the current growth rate on the weekly chart continues for more than another week without some consolidation. In April we had two > 30% weeks followed by a 45% week before the crash.
Current week is +35% with one day left to go.
What charts are you looking at? The actual growth is almost double that!
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BlueTemplar
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November 09, 2013, 12:05:14 AM |
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Bitcoiners suffer from extreme confirmation bias and the charts they concoct reflect this. No, I'm talking about this : The reason why this makes sense is that new and groundbreaking technologies are not linear, they are S-curves. Here's a chart of Facebook's users : *exponential chart* As you can see its not linear, its exponential. Growth starts out small, maybe stays linear for a while but at some point a critical mass is reached and adoption propagates like a chain reaction with each new user causing more new users to adopt. Later when saturation is nearing the curve slows down and starts to level off (you can just see that starting to happen at the end of this chart).
Bitcoin is following a similar adoption curve, the only difference is that the price is also affected by other factors like greed, fear, news, and the economy. This adds volatility to the curve and even creates bubbles within the curve but the overall trend stays the same - an exponential curve (with bumps) that will at some point level off.
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BlueTemplar
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November 09, 2013, 12:09:28 AM |
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bitwhizz
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November 09, 2013, 12:17:52 AM |
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My main concern are these. They are moon bears. They live in China and have moon shape chest mark. China...moon...bear HOLY CRAP what happens when these guys are unleashed !!!
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