haightst
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Activity: 42
Merit: 0
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November 12, 2013, 12:32:59 AM |
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Tomorrow might be an important day. Make or break on 400.
500 is coming(flip at 475ish lol) imho!!!~ nobrainer that's exactly what I thought about 400 and so far was true. by >>> EOD? http://bitcoin.clarkmoody.com/
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solex
Legendary
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 12, 2013, 12:52:33 AM |
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What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too.
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BitcoinAshley
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November 12, 2013, 12:55:36 AM |
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so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox. Why don't you stop making shit up. Overlay the charts from different exchanges over the last 2 months. You can clearly see which exchange leads each move provided the X axes line up. Sometimes one exchange leads, sometimes another exchange leads - it's not as simple as "X exchange sets the price." There's a lot of back-and-forth now that the volume is evened out. This isn't april so stop pretending that Gox has 80% of the volume.... that's another thing you can check rather than making shit up. Go look at volume charts. Don't be a noob: "Today, I saw Gox lead a move, therefore, MTGOX sets the price of the market. QED!" Don't get goxxed! As for price movement - we've been trading in a very narrow range for the last 10 hours. Something's gotta give. This is bitcoin, remember. Stability is usually rare and short-lived. Nice wall at 385 there but it's gonna get destroyed.
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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November 12, 2013, 12:56:03 AM |
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What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
I agree with others that if you're not sure, 50/50 is probably the way to go.
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theonewhowaskazu
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November 12, 2013, 12:58:08 AM |
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so basically today we learned what we knew already which is MT Gox sets the price of this market and all the other exchanges just follow Mtgox. Why don't you stop making shit up. Overlay the charts from different exchanges over the last 2 months. Sometimes Gox leads, but sometimes BTCchina leads. This isn't april so stop pretending that Gox has 80% of the volume.... that's another thing you can check rather than making shit up. Go look at volume charts. Don't get goxxed! Seriously, nobody even likes gox any more. People wanting to get money in and out of Bitcoin... shouldn't use gox for fairly obvious reasons, reasons that are in such a large quantity, that I shouldn't even need to list them. People wanting just to trade Bitcoin, for the sake of daytrading & the like, should just use BTCChina as its free, if they don't intend to withdraw anyway & aren't chinese. So I don't know how Gox is even a thing any more.
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ChartBuddy
Legendary
Online
Activity: 2184
Merit: 1778
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 12, 2013, 01:01:46 AM |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 12, 2013, 01:06:51 AM |
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What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too. 400 today, when china awakes? 400 on gox today, I think likely. 400 on a real exchange (stamp/btce etc) maybe by the weekend. As an aside, just reading about this new exchange. Looks professional and has $5m VC funding (according to genesis block) http://thegenesisblock.com/category/news/https://www.itbit.com/gox is going to fade fast with all this new competition.
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 12, 2013, 01:19:06 AM |
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What do you guys think will happen next? Honestly I am absolutely stumped and I think I'll hold out on USD until I see a clear trend.
There was a massive run up from about $140 to $360 (stamp) in a few weeks. Any normal market, 99% of the time, that would be a blow-off top. However, the btc price is doodling around only 5% below its peak. So, it would seem that this is an intermediate level and much more upside remains. Maybe it will go to $500 and fall back to $300 for a few months. That is quite possible too. 400 today, when china awakes? 400 on gox today, I think likely. 400 on a real exchange (stamp/btce etc) maybe by the weekend. As an aside, just reading about this new exchange. Looks professional and has $5m VC funding (according to genesis block) http://thegenesisblock.com/category/news/https://www.itbit.com/gox is going to fade fast with all this new competition. Hopefully it will happen fast. The best thing Mark Karpeles could have done for MtGox was to own it but not run it himself, he should have had a team of people doing everything for him while he just enjoyed profits. Once the Gox era is gone it will be the close of chapter. "Oh remember MtGox? Ha, the Netscape of Bitcoin! But Netscape was run better"
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SheHadMANHands
Legendary
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Activity: 1168
Merit: 1000
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November 12, 2013, 01:21:41 AM |
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bobdude17
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November 12, 2013, 01:22:17 AM |
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Ok what the living fuck.
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barbs
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November 12, 2013, 01:22:52 AM |
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Goxed again? lmao
what a fail
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NamelessOne
Legendary
Offline
Activity: 840
Merit: 1000
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November 12, 2013, 01:25:48 AM |
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Goxed again? lmao
what a fail
Clearly it is time for the MtGox team to go back to sleep.
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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November 12, 2013, 01:28:04 AM |
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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November 12, 2013, 01:37:05 AM |
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The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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November 12, 2013, 01:40:54 AM |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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November 12, 2013, 01:45:12 AM |
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The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.
fuck gox, hope it dies in a fire caused by a train It is better to have 3 exchanges instead of 2.
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DougTanner
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November 12, 2013, 01:48:42 AM |
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China is awake. I think this is going to be a big week.
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solex
Legendary
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Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 12, 2013, 01:50:03 AM |
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The problem is that Gox has had so many self inflicted wounds that when assholes DDOS them no one has any sympathy left.
fuck gox, hope it dies in a fire caused by a train It is better to have 3 exchanges instead of 2. Some people have been waiting months for fiat withdrawals. That is unacceptable. I was a huge fan of gox until June when they messed me around. Would not touch them with a bargepole until ALL their problems are resolved. FWIW Their api is much better than stamps however.
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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November 12, 2013, 01:51:08 AM |
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Well, except from reporting you for being a terrorist, holding the bitcoinica funds hostage, laggy engine, leaking 60k user accounts, ddos panic crash, delayed fiat withdraws, networks congestion delayed btc withdraws, ltc 6 months++ delay and rude support replies. Mark seems like a pretty cool guy.
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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November 12, 2013, 01:53:59 AM |
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Well, except from reporting you for being a terrorist, holding the bitcoinica funds hostage, laggy engine, leaking 60k user accounts, ddos panic crash, delayed fiat withdraws, networks congestion delayed btc withdraws, ltc 6 months++ delay and rude support replies. Mark seems like a pretty cool guy.
Could fill a book with that " The Rise and Fall of MtGox" Calling John Grisham!
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