jojo69
Legendary
 Offline
Activity: 3150
Merit: 4309
diamond-handed zealot
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November 25, 2013, 06:16:53 AM |
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you're on CS
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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hlynur
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November 25, 2013, 06:25:49 AM |
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A million traded in a day, not every day. Or the liquidity for the market to absorb such an amount. 5% of the current holdings would saturate the entire order book of every brokerage, not that any holder that huge would want to do that, but thats not liquidity atleast not towards our market cap goals. I feel very lucky to have contributed and experienced this, thus far, and plan on trying to make others as happy as I have been. I started a few cold wallets at the beginning of this year for my kids' college funds to that end as well as some other plans to diversify to some non-believers in the future just to try and get more of the word of mouth around. I'm not the type that would be rich very long in an ultra rich position. I would want others to experience the joys of a debt free life, or atleast a shot at a clean slate, as well.
sadly, this is why good people always end up losing; they are constrained by their conscience, while the most mercenary fucktards among us inevitably rise to the top. Yes, well, look-- when we get to 25k a coin, you guy's PM me and let's all figure something positive to do with our newly minted free time and to help the world. I'm still open for projects before then, but there's more to manage right now. +1 with great wealth comes great responsibility. Besides my concerns this new formed btc elite could be partly corrupted in the same way as the present one, i have much hope that many members of this community will participate in projects which help to change society for the better. |
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EuroTrash
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November 25, 2013, 06:45:27 AM |
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So what do you guys think? Is there really resistance at 800? Consolidation or crash? The volume is kinda low...
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emanymton
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November 25, 2013, 06:47:21 AM |
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A million traded in a day, not every day. Or the liquidity for the market to absorb such an amount. 5% of the current holdings would saturate the entire order book of every brokerage, not that any holder that huge would want to do that, but thats not liquidity atleast not towards our market cap goals. I feel very lucky to have contributed and experienced this, thus far, and plan on trying to make others as happy as I have been. I started a few cold wallets at the beginning of this year for my kids' college funds to that end as well as some other plans to diversify to some non-believers in the future just to try and get more of the word of mouth around. I'm not the type that would be rich very long in an ultra rich position. I would want others to experience the joys of a debt free life, or atleast a shot at a clean slate, as well.
sadly, this is why good people always end up losing; they are constrained by their conscience, while the most mercenary fucktards among us inevitably rise to the top. Yes, well, look-- when we get to 25k a coin, you guy's PM me and let's all figure something positive to do with our newly minted free time and to help the world. I'm still open for projects before then, but there's more to manage right now. +1 with great wealth comes great responsibility. Besides my concerns this new formed btc elite could be partly corrupted in the same way as the present one, i have much hope that many members of this community will participate in projects which help to change society for the better. how about our own amusement park? with blackjack and hookers... i can't think of many things that help society more than those two things  |
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nanobrain
Legendary
Offline
Activity: 1008
Merit: 1000
Dumb broad
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November 25, 2013, 06:48:47 AM |
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A million traded in a day, not every day. Or the liquidity for the market to absorb such an amount. 5% of the current holdings would saturate the entire order book of every brokerage, not that any holder that huge would want to do that, but thats not liquidity atleast not towards our market cap goals. I feel very lucky to have contributed and experienced this, thus far, and plan on trying to make others as happy as I have been. I started a few cold wallets at the beginning of this year for my kids' college funds to that end as well as some other plans to diversify to some non-believers in the future just to try and get more of the word of mouth around. I'm not the type that would be rich very long in an ultra rich position. I would want others to experience the joys of a debt free life, or atleast a shot at a clean slate, as well.
sadly, this is why good people always end up losing; they are constrained by their conscience, while the most mercenary fucktards among us inevitably rise to the top. Yes, well, look-- when we get to 25k a coin, you guy's PM me and let's all figure something positive to do with our newly minted free time and to help the world. I'm still open for projects before then, but there's more to manage right now. I was actually going to post a thread on this very topic..."what will you do with your new found riches"...investing in a wildlife sanctuary for us. |
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jojo69
Legendary
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Activity: 3150
Merit: 4309
diamond-handed zealot
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November 25, 2013, 06:50:31 AM |
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I was actually going to post a thread on this very topic..."what will you do with your new found riches"...investing in a wildlife sanctuary for us.
Quite, an ancient forest reserve will certainly be in the offing. |
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beetcoin
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November 25, 2013, 06:50:56 AM |
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So what do you guys think? Is there really resistance at 800? Consolidation or crash? The volume is kinda low...
well it is the weekend after all. we'll probably find out tomorrow. maybe another big retailer/company will announce its adoption of BTC tomorrow. |
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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November 25, 2013, 07:00:18 AM |
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It's Monday here. Market is asleep.
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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November 25, 2013, 07:02:12 AM |
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mb300sd
Legendary
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Activity: 1260
Merit: 1000
Drunk Posts
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November 25, 2013, 07:03:02 AM |
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800 is pretty strong support, don't see us going much under it,
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freebird
Sr. Member
Offline
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
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November 25, 2013, 07:04:10 AM |
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It's Monday here. Market is asleep.
When does the new fiat hit Bitstamp on Mondays? I don't think it's happened yet, has it? When it does, that would be the time to expect a rally to begin. |
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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November 25, 2013, 07:06:13 AM |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
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BitPirate
Full Member
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Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
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November 25, 2013, 07:07:12 AM |
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On this tiny volume, nothing is support. I'd put support down somewhere around $765 now -- not too low. The lack of real dumps yesterday made me bullish. The lack of real buying pressure makes me bearish now.
With the warnings in the press in China, China's waiting for a signal from Gox to move up. Gox is waiting for a signal from China. This likely won't end that well.
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freebird
Sr. Member
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Activity: 414
Merit: 250
Freedom through Cryptocurrency!
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November 25, 2013, 07:08:58 AM |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days. |
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alexeft
Legendary
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Activity: 854
Merit: 1000
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November 25, 2013, 07:10:06 AM |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days. It's exactly like that.  |
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Shak
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November 25, 2013, 07:15:40 AM |
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It's Monday here. Market is asleep.
When does the new fiat hit Bitstamp on Mondays? I don't think it's happened yet, has it? When it does, that would be the time to expect a rally to begin. last times i got it between 9 am and 12 CET (UTC+1) |
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rpietila
Donator
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Activity: 1722
Merit: 1036
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November 25, 2013, 07:18:49 AM |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days. It's exactly like that. What happened after this? |
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freebird
Sr. Member
Offline
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
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November 25, 2013, 07:21:17 AM |
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It's Monday here. Market is asleep.
When does the new fiat hit Bitstamp on Mondays? I don't think it's happened yet, has it? When it does, that would be the time to expect a rally to begin. last times i got it between 9 am and 12 CET (UTC+1) Thanks. So probably sometime in the next few hours. Cover your shorts, bears... bids incoming!  |
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freebird
Sr. Member
Offline
Activity: 414
Merit: 250
Freedom through Cryptocurrency!
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November 25, 2013, 07:25:30 AM |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days. It's exactly like that. What happened after this? That chart shows a consolidation at about 50-65% of the ATH in 2011. We are currently sitting at only 10-15% less than the ATH. I think that's a significant difference, from a technical perspective. |
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Okurkabinladin
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November 25, 2013, 07:43:43 AM
Last edit: January 25, 2017, 05:44:01 AM by Okurkabinladin |
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The technical picture is deteriorating. I'm with reptilia on this one: buy cheaper coins in about 1-2 days.
Has bitcoin ever rallied to an all-time high and then stabilized right near the top for a few days, and only then crashed significantly lower? That has never been the pattern before. I think the fact that we're consolidating just under the ATH is bullish for another surge to the upside within 1-2 days. It's exactly like that. What happened after this? That chart shows a consolidation at about 50-65% of the ATH in 2011. We are currently sitting at only 10-15% less than the ATH. I think that's a significant difference, from a technical perspective. That chart shows a consolidation at about 50-65% of the ATH in 2011. We are currently sitting at only 10-15% less than the ATH. I think that's a significant difference, from a technical perspective. But is that difference good (bullish) thing? EDIT (2017): If I only knew, that we are for multi-year bear market... things would go so differently. Alas, time for new start, gentlemen. |
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