niothor
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December 07, 2013, 05:13:23 PM |
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all alt coins are putting a lot of inflationary pressure on btc.
How many of the alt coins can be turned to dust by a couple of Jupiters? None that matters, they are scrypt alts and don't give a shit about Jupiter hash rate. Should I copy paste the response I gave already? all alt coins are putting a lot of inflationary pressure on btc.
How many of the alt coins can be turned to dust by a couple of Jupiters? All the ones that use SHA, but most use Scrypt. Common , you've go my point. Also there will be some asic coming for scrypt soon. I can't help myself laughing of all the tears in the eyes of the "asic proof" believers. Agreed. I'm eagerly waiting for widespread scrypt FPGAs, I bet there are already some hashing in the wild.
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micalith
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December 07, 2013, 05:15:44 PM |
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no we are not talking about two different things. LTC investors are pumping a lot of cash into btc right now, because they pumped ltc too much.
bad timing. and now they cant exit their LTC positions, but they will, slowly.
well., whatever the reason, I don't care. I just hope I catch something like it happening again.
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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December 07, 2013, 05:16:26 PM |
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so where are the profit takers whom bought near the bottom ?
Just look at that: BTC bought: [tid:13864044862671##] 37.32879691 BTC at $610.10010 BTC sold: [tid:13864182754911##] 35.89321469 BTC at $846.99900 Of course there were many trades in between less rewarding.. Why only a plus of ~1.5 BTCs? By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?! I missed all these oportunities because I had no balls and am easy to manipulate by reading posts here :/ Had a good feeling about selling @1100 after the china news but am always reading here that we will soon see 10.000$ by the end of the year ^^ I showed only the best trade, out of multiple ones. When 10k a coin talk was circulating, it hinted the mania phase has peaked and coming decline. Don't listen to the crowd, as a trader learn to hit sell and realize the usd profit.
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octaft
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December 07, 2013, 05:19:51 PM |
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So far it seems like the states haven't been panicking too much. Fingers crossed for simply a huge correction?
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capsqrl
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December 07, 2013, 05:22:18 PM |
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Looks like bids are filling in nicely, about $2M added in the last few hours from my observation.
Where can I find a bids vs asks chart?
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mvidetto
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December 07, 2013, 05:22:32 PM |
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So far it seems like the states haven't been panicking too much. Fingers crossed for simply a huge correction?
Unfortunately, this might last a few more days at minimum.
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Davyd05
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December 07, 2013, 05:25:06 PM |
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so where are the profit takers whom bought near the bottom ?
Just look at that: BTC bought: [tid:13864044862671##] 37.32879691 BTC at $610.10010 BTC sold: [tid:13864182754911##] 35.89321469 BTC at $846.99900 Of course there were many trades in between less rewarding.. Why only a plus of ~1.5 BTCs? By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?! I missed all these oportunities because I had no balls and am easy to manipulate by reading posts here :/ Had a good feeling about selling @1100 after the china news but am always reading here that we will soon see 10.000$ by the end of the year ^^ It's bitcoin it could still do it, however you should never bank on others opinions. Do your best to read both sides, the bears were correct but half of them are spewing 1-200 bottoms and causing mass panic from people who've bought in lets say anywhere over 750+. These new hands usually don't have a strategy and get caught in these quick flash crashes. The panic grows quickest when we see these flash crashes cause weak hands have no stomach to buy and hold.. otherwise it be in cold wallets and they wouldn't be watching with us. As I've stated I think a lot of people sold from 850-1200 range, those holding long term say before early nov. are laughing cause they were selling at a near 100% or greater profit.. and using that same profit to increase their holdings while weak bear coins kept dumping...Don't get me wrong this has become the weekend of the bear so far but..all these people need to remember.. that those who sold at 1200 and got back in at 600-700 could have nearly doubled their own btc holdings or kept it the same with extra Fiat that could buy in the ultimate bear zone of 400-500. Also all those bears preaching the doom and gloom finally were able to re-enter in the 600-650 range that they had always planned to..but they had to see how low it would go first. So in conclusion we break out of the bear market probably 1-2am Sunday morning, as people who are ahead of the curve don't wait for Monday to react.
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MoreFun
Legendary
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Activity: 1008
Merit: 1003
WePower.red
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December 07, 2013, 05:25:36 PM |
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Looks to me like inverse H&S. We could go again $850-$950.
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bitleif
Sr. Member
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Activity: 351
Merit: 250
I'm always grumpy in the morning.
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December 07, 2013, 05:25:46 PM |
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Added to my gloat list. Started it a while ago, contains articles that are full of the smug "ha, you idiots, how could you ever think this would work" sentiment. Kind of like the quote by the then IBM chairman "'I think there is a world market for about five computers.".
I'm not only keeping this list updated to gloat when btc turns out to invalidate them, but more importantly, to know when these guys (and more importantly: publications) will start back pedaling, pretending "they always knew it would change the world".
I don't take this so hard. I'm not sure something like bitcoin even COULD grow without this kind of criticism. And if you study most disruptive tech in history I'm pretty sure you'll find the same thing. Heck I remember reading articles like this about the internet itself. I just think of this as par for the course now. All disruptive technologies are paradigm shifts. Paradigm shifts means a lot of people won't understand it in the beginning - but they are irrelevant in the long run.
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 07, 2013, 05:35:16 PM |
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Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
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maz
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December 07, 2013, 05:40:30 PM |
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Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
It's interesting, noticed it earlier. All I can think of is that the China news gave us the pop that we all wanted, sooner we crashed the sooner we get back to break 2k. Edit: someone suggested BTChina may have temporarily suspended some transactions until verifications are processed?
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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December 07, 2013, 05:40:38 PM |
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Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades. It's something I am watching, anyway.
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Davyd05
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December 07, 2013, 05:47:41 PM |
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Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
It's interesting, noticed it earlier. All I can think of is that the China news gave us the pop that we all wanted, sooner we crashed the sooner we get back to break 2k. Edit: someone suggested BTChina may have temporarily suspended some transactions until verifications are processed? What do you guys feel about the volume of buying over sat post 5am-6amest so far.. It's looking healthier for buy support on the north american exchanges as well. Bearstamp seems most skiddish still
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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December 07, 2013, 05:49:50 PM |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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December 07, 2013, 05:50:46 PM |
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Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.
Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?
There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades. It's something I am watching, anyway. Ummm. No. Thats just FUD in your own mind. Nothing to substantiate that speculation.
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Jamievs
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December 07, 2013, 05:52:19 PM |
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Massive pump going on @ bitstamp
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capsqrl
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December 07, 2013, 05:52:59 PM |
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Guys, I was told there would be $400 bitcoins. What's going on?
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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December 07, 2013, 05:53:32 PM |
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Well. That's what I like to read!!!
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JimboToronto
Legendary
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Activity: 4158
Merit: 4811
You're never too old to think young.
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December 07, 2013, 05:54:14 PM |
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Looks to me like inverse H&S.
I saw that. Trend reversal?
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Davyd05
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December 07, 2013, 05:55:13 PM |
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Massive pump going on @ bitstamp
not really massive and it is just following gox's coat tail
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