maz
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December 04, 2013, 06:18:43 PM |
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Someone buys 700+ coins @ Gox. Follow up: 0.0. I declare this market dead Are you still bearish?
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Wekkel
Legendary
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Activity: 3108
Merit: 1531
yes
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December 04, 2013, 06:19:47 PM |
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Someone buys 700+ coins @ Gox. Follow up: 0.0. I declare this market dead Are you still bearish? I will move the way the market moves. Not much right now, I would say.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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December 04, 2013, 06:21:27 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever.
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dwdoc
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Activity: 966
Merit: 1000
- - -Caveat Aleo- - -
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December 04, 2013, 06:21:38 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
Gox price has come very close but has never quite reached the spot price of gold in USD.
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scarsbergholden
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December 04, 2013, 06:22:21 PM |
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when it comes to bitcoins, i prefer to keep my unit in bitcoins. if my bitcoins are worth $1MM each, i don't care if satoshis are 1c each.
what i do know is that if bitcoin continues to see exponential growth in coming years, repeatedly changing the unit doesn't help the confusion at all.
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Richy_T
Legendary
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Activity: 2548
Merit: 2258
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 04, 2013, 06:22:52 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
At what time? Gold has been moving up today also.
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Richy_T
Legendary
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Activity: 2548
Merit: 2258
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 04, 2013, 06:23:40 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever. It's just a milestone.
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scarsbergholden
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December 04, 2013, 06:24:13 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever. it's completely stupid. 1 oz = 1 bitcoin? what is that supposed to say? i'm a bull too, but these shenanigans are just stupid.
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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December 04, 2013, 06:24:18 PM |
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No walls are holding price down atm. Buyers are just waiting and sellers holding. Indicators spiking up without significant price increases to show. Last time we dipped, we had this lull above ATH, now its below.
I am all cash now.
Someone buys 700+ coins @ Gox. Follow up: 0.0. I declare this market dead Are you still bearish? I will move the way the market moves. Not much right now, I would say. you went all cash, you are afraid if the train will leave you behind this is why you have that feeling or hope that the price will crash and you still catch up, to be honest I wasn't sure as well so I cashed out %15 of my Bitcoins before the crash and now I am worry free, If there will be some correction after a new ATH I don't really mind it
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scarsbergholden
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December 04, 2013, 06:24:51 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever. It's just a milestone. it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.
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ShroomsKit
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December 04, 2013, 06:27:10 PM |
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Someone buys 700+ coins @ Gox. Follow up: 0.0. I declare this market dead This worries me as well. It just doesn't want to go up even with these kinda buys. Every time it goes up a few dollar people right away start selling. This has been going on for 2 days now or so.
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Richy_T
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Activity: 2548
Merit: 2258
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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December 04, 2013, 06:28:04 PM |
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it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.
Sure it is. A milestone is just an arbitrary marker. In this case a moving one.
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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December 04, 2013, 06:28:59 PM |
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Nobody posted about the fact that BTC reached parity with gold again for a little while.
What's the deal with this "gold parity" fallacy? I can understand why the media is picking it up, it sure sounds catchy, but it's completely meaningless except for that rather shallow psychological reasons (I'm not dismissing psychological reasoning altogether, just pointing out that this one is really rather dumb and easy to see through). If we ever reach parity with tradeable gold market cap, now that would be news. But I'm pretty sure it's a long way til we get there, if ever. It's just a milestone. it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future. Well, in defense of the idea: There's no arguing with market participant's psychology, is there. If enough people somehow feel it is a milestone, then it is a milestone. In fact, there's also no particularly deep reason behind the powers of 10 price steps (10, 100, 1000), and yet they act as major support/resistance points.
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keewee
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Activity: 1025
Merit: 1000
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December 04, 2013, 06:29:37 PM |
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Another wall joins the first...
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nagnagnag2
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December 04, 2013, 06:30:53 PM |
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a new bid wall of 1046@1200 on mtgox
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ShroomsKit
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December 04, 2013, 06:31:32 PM |
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a new bid wall of 1046@1200 on mtgox Yeah nice. Maybe we're finally going somewhere.
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rezurect
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December 04, 2013, 06:32:19 PM |
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With such volatility how can BTC be used for buying/selling. Since prices are driven by speculation whats the range btc is going to settle for if it ever will. Crash >Rally>Crash >Rally. The 13btc Asic Miner cards?
Arent currencies are supposed to trade in range to be of some use to public. Till that day comes. Bitcointalk and China rules!!
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hd060053
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December 04, 2013, 06:33:34 PM |
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they want to push the price up now with this walls.
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scarsbergholden
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December 04, 2013, 06:34:15 PM |
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it's not. based on the mBTC crowd's reasoning, we won't be using 1 oz as the standard measure in the future.
Sure it is. A milestone is just an arbitrary marker. In this case a moving one. shrug, yeah i guess i always saw all these milestones as meaningless anyway, so, sure.
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Aido
Sr. Member
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Activity: 248
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1. Collect underpants 2. ? 3. Profit
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December 04, 2013, 06:34:56 PM Last edit: December 04, 2013, 06:51:00 PM by Aido |
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A milestone is just an arbitrary marker. In this case a moving one.
Here's another milestone, Gold ATH $1,923......I think, depends what sources you read.
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