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BitPirate
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November 20, 2013, 02:55:26 AM |
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I think Goat called it when he observed that the bull run isn't over, it is just being throttled by fiat constraints.
So lots of people are waiting on bank transfers which is creating a huge influx of money? I think this is an oversimplified view of things. More money is coming in, but people are also getting nervous and jumping ship the longer this thing takes to get moving again. Furthermore, a lot of people who sent their money in to exchanges may change their mind now that the rally is over and things are slipping. I'd be pleased to see another move upward but I have no expectation of that. Agreed, it's not this simple. Of course the bubble didn't run out due to lack of fiat! People need to have logical consistency. During the rise everyone was proclaiming "We can't crash, there are too many exchanges, they can't all fail!". Now the same group of people are shouting "All the exchanges are out of fiat!". It doesn't make any sense. Look at China: Fiat to the exchanges in under 5 minutes, but buying is subdued. The crash isn't because of "lack of fiat", it's because "areyoumotherfuckinginsaneitjustrose1700%"! Boring period incoming. Thank Bitcoin -- chance to focus on your family over Christmas instead of checking the price every 20 seconds.
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Keyser Soze
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November 20, 2013, 02:57:58 AM |
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Boring period incoming. Thank Bitcoin -- chance to focus on your family over Christmas instead of checking the price every 20 seconds.
What's the fun in that? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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ablewasiereisawelba
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November 20, 2013, 03:04:30 AM |
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Are there any estimates on when the Bitcoin ETF is coming/how long an ETF takes the SEC to create?
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jojo69
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diamond-handed zealot
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November 20, 2013, 03:06:17 AM |
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Its very obvious at this point that BTC is back in a upwards trend.
No it is not. Leave your emotions behind. This bounce back up is no more meaningful than the drop to $600 was. Most likely we will correct back toward $650 before we hit $700. If that doesn't happen I will be pleasantly surprised. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) the bouncing all over is random, this will play out by December 3rd when the senate hearings close. wait what their are more hearing coming? they are keeping the record open for more written input
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Vycid
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November 20, 2013, 03:07:39 AM |
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The Chinese exchange is still trading at 821 USD equivalent.
I'm honestly at a loss to explain this. Sure, you expect SOME arbitrage differences, but why aren't people selling into the Chinese exchange with the intention of waiting for the arbitrageurs to bring the exchanges closer together, THEN flip back into Bitcoin and cash out through the Western exchanges?
Very weird.
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Richy_T
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November 20, 2013, 03:10:50 AM |
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I'm making a cup of green tea.
Anyone trading should do the same. There's some psychoactive stuff in green tea leaves that tends to calm you down, make you more composed and rational. I've found it very useful for technical trading.
I remember reading that anthropologists suspect that it's the psychoactive qualities of green tea that led to the development of the Japanese tea ceremony and Zen Buddhism.
But I digress...
Sleep once a day is also very effective I remember hearing about sleep once...
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ablewasiereisawelba
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November 20, 2013, 03:11:19 AM |
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I'm making a cup of green tea.
Anyone trading should do the same. There's some psychoactive stuff in green tea leaves that tends to calm you down, make you more composed and rational. I've found it very useful for technical trading.
I remember reading that anthropologists suspect that it's the psychoactive qualities of green tea that led to the development of the Japanese tea ceremony and Zen Buddhism.
But I digress...
Japanese green teas like sencha and gyokuro are especially full of L-Theanine, the drug you're mentioning.
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jojo69
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diamond-handed zealot
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November 20, 2013, 03:12:43 AM |
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Japanese green teas like sencha and gyokuro are especially full of L-Theanine,
and isotopes...don't forget the isotopes
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Vycid
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November 20, 2013, 03:13:24 AM |
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Japanese green teas like sencha and gyokuro are especially full of L-Theanine,
and isotopes...don't forget the isotopes Isomers...?
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BitPirate
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November 20, 2013, 03:15:32 AM |
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The Chinese exchange is still trading at 821 USD equivalent.
I'm honestly at a loss to explain this. Sure, you expect SOME arbitrage differences, but why aren't people selling into the Chinese exchange with the intention of waiting for the arbitrageurs to bring the exchanges closer together, THEN flip back into Bitcoin and cash out through the Western exchanges?
Very weird.
Futures are 500 kuai lower and likely to fall further. BTC looking risky, lots of people will be looking to arb the gap with Bitstamp instead and bide their time.
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BitPirate
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November 20, 2013, 03:17:10 AM |
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I'm making a cup of green tea.
Anyone trading should do the same. There's some psychoactive stuff in green tea leaves that tends to calm you down, make you more composed and rational. I've found it very useful for technical trading.
I remember reading that anthropologists suspect that it's the psychoactive qualities of green tea that led to the development of the Japanese tea ceremony and Zen Buddhism.
But I digress...
Japanese green teas like sencha and gyokuro are especially full of L-Theanine, the drug you're mentioning. I'm a big fan of white tea (Chinese) from Fujian. it's been dried less, so there's even more goodies than in green tea. Not sure about calm -- plenty of caffiene, but it certainly makes you more alive. There's a reason the British empire was built on tea imports. I'll send some for 0.01BTC + p&p
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nanobrain
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Dumb broad
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November 20, 2013, 03:23:31 AM |
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Not sure about calm -- plenty of caffiene, but it certainly makes you more alive. There's a reason the British empire was built on tea imports.
I'll send some for 0.01BTC + p&p
I believe Mao was addicted to green tea and slimming pills - which explains the muddled thinking behind some of his decisions cf the great leap forward/cultural revolution
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ablewasiereisawelba
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November 20, 2013, 03:25:37 AM |
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I'm making a cup of green tea.
Anyone trading should do the same. There's some psychoactive stuff in green tea leaves that tends to calm you down, make you more composed and rational. I've found it very useful for technical trading.
I remember reading that anthropologists suspect that it's the psychoactive qualities of green tea that led to the development of the Japanese tea ceremony and Zen Buddhism.
But I digress...
Japanese green teas like sencha and gyokuro are especially full of L-Theanine, the drug you're mentioning. I'm a big fan of white tea (Chinese) from Fujian. it's been dried less, so there's even more goodies than in green tea. Not sure about calm -- plenty of caffiene, but it certainly makes you more alive. There's a reason the British empire was built on tea imports. I'll send some for 0.01BTC + p&p I'll PM you! I'm always looking to try new tea and the white tea I've had in the past has been good.
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Marbit
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November 20, 2013, 03:43:23 AM |
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where we going from here? btcchina back under 5k cny.... wonder if we see more downward pressure soon
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CoinHoarder
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November 20, 2013, 03:53:28 AM |
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where we going from here? btcchina back under 5k cny.... wonder if we see more downward pressure soon
That's a triple bull trap we're seeing now. Is that even a term? rofl... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I wouldn't be surprised to see it at $300-$400 in a few days, this is my first guess. My second guess is that $500 may be the floor, there would have to be a 10k sell off to get there. I wouldn't be surprised to see that either. By the way, I have no idea what I'm talking about. However, I have called the last two bubbles within a day or so of the bubble happening. Maybe it's luck. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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pera
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バカ
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November 20, 2013, 04:01:26 AM |
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where we going from here? btcchina back under 5k cny.... wonder if we see more downward pressure soon
That's a triple bull trap we're seeing now. Is that even a term? rofl... ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I wouldn't be surprised to see it at $300-$400 in a few days, this is my first guess. My second guess is that $500 may be the floor, there would have to be a 10k sell off to get there. I wouldn't be surprised to see that either. By the way, I have no idea what I'm talking about. However, I have called the last two bubbles within a day or so of the bubble happening. Maybe it's luck. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) that wall moved super-fast 15hs ago... just saying
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ChartBuddy
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November 20, 2013, 04:01:32 AM |
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beaconpcguru
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November 20, 2013, 04:04:04 AM |
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Wont go down as much as it went up, thats for sure! Its just going to bounce around in the three digits for a while before ensuing its journey to four digits, next few weeks or so is will be leveling off. Refueling from the profits people don't want to actually withdrawal, while some gamble, bears will be fighting bulls. Participate at will. If you notice a 15,000 coin drop, just ignore it and try to buy more, if you can't just wait it out. You can ascertain peace of mind by putting your coins offline and ignoring the charts for a year or two, or you can join the frey. Unless someone uses some vulcan mind meld and jedi hand tricks, the market will be fought over for a time.
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