lif3
Newbie
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Activity: 37
Merit: 0
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December 18, 2013, 04:52:38 PM |
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What causes the price drop to 5xx?
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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December 18, 2013, 04:53:30 PM |
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What causes the price drop to 5xx?
BUBBLE & BAD NEWS, CMON YO. What caused the price to go up >1000% in a month hmm? GOOD NEWS & INFLATING BUBBLE. |
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P_Shep
Legendary
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Activity: 1795
Merit: 1198
This is not OK.
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December 18, 2013, 04:54:29 PM |
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I love seeing volume on gox - it gives me nostalgia. It's still NOTHING compared to april though.
God, my fucking head. Seriously? Hint: It's currently traded more in DOLLARS than it did at any point in April, and the day isn't even over. Quit pricing it in Bitcoins. +1 As the asset you are trading increases in value, the same amount of value can be exchanged with smaller amounts. Look at a stock like Google (GOOG). At it's highest exchange rate (now), the volume (measured in shares) is far less than it was when the exchange rate was much lower. (Yes, I know Bitcoin isn't a stock.) http://finance.yahoo.com/q/bc?s=GOOG&t=my&l=on&z=l&q=l&c=I guess then the volume charts should display price*volume to give a normalised figure? |
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tonyq
Legendary
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Activity: 879
Merit: 1001
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December 18, 2013, 04:55:08 PM |
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I got as far as this: Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.
That was enough for me. The man is a clown. He goes on to say: I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play. Miners/speculators will be best served to acknowledge the meltdown has begun, act quickly and take fleeting profit off the table.
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humanitee
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December 18, 2013, 04:56:49 PM |
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I love seeing volume on gox - it gives me nostalgia. It's still NOTHING compared to april though.
God, my fucking head. Seriously? Hint: It's currently traded more in DOLLARS than it did at any point in April, and the day isn't even over. Quit pricing it in Bitcoins. +1 As the asset you are trading increases in value, the same amount of value can be exchanged with smaller amounts. Look at a stock like Google (GOOG). At it's highest exchange rate (now), the volume (measured in shares) is far less than it was when the exchange rate was much lower. (Yes, I know Bitcoin isn't a stock.) http://finance.yahoo.com/q/bc?s=GOOG&t=my&l=on&z=l&q=l&c=I guess then the volume charts should display price*volume to give a normalised figure? They do just on that on bitcoincharts.com Just click "volume by currency." |
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Nolo
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December 18, 2013, 04:57:21 PM |
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I got as far as this: Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.
That was enough for me. The man is a clown. There's a good chance it will turn out to be an accurate prediction. Not because there's any truth in it, its pure FUD, but because the charts will show its correct. I predict Leprechauns will buy the price to $700 in the next few of hours. I'm going to laugh at everyone when my prediction comes true. I told you all Leprechauns were real. |
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rezurect
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December 18, 2013, 04:57:36 PM |
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 Flat StochRSI A 95. EMA's crossing. Waiting to see if the 1h and 4h crosses.. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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December 18, 2013, 04:58:07 PM |
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Anyone think we will break 600 and stay?
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Keyser Soze
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December 18, 2013, 04:58:23 PM |
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He goes on to say: I predict that Bitcoin will trade for under $10 a share by the first half of 2014, single digit pricing reflecting its option value as a pure commodity play. Miners/speculators will be best served to acknowledge the meltdown has begun, act quickly and take fleeting profit off the table.
I'm sure he wouldn't be willing to bet on it. |
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ChrisML
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December 18, 2013, 04:58:36 PM |
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I got as far as this: Bitcoin lacks the essential attributes that are needed to support a widely recognized transactional currency. If Bitcoin was allowed to proliferate as a currency it would produce greater economic uncertainty, reduced trade and lower individual standard of living.
That was enough for me. The man is a clown. There's a good chance it will turn out to be an accurate prediction. Not because there's any truth in it, its pure FUD, but because the charts will show its correct. I predict Leprechauns will buy the price to $700 in the next few of hours. I'm going to laugh at everyone when my prediction comes true. I told you all Leprechauns were real. Fine by me. Kick that BTC to $700,- @Damiano, I think we will break it in the next 30 mins. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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December 18, 2013, 04:59:11 PM |
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Anyone think we will break 600 and stay?
My guess is no. Should be some more dumping.. |
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Nolo
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December 18, 2013, 05:01:02 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. |
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ChartBuddy
Legendary
 Online
Activity: 2212
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 18, 2013, 05:01:42 PM |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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December 18, 2013, 05:02:22 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. Were slowing oscillating up, I think were in the clear until China wakes up. |
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humanitee
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December 18, 2013, 05:03:31 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. Were slowing oscillating up, I think were in the clear until China wakes up. China doesn't matter any more. They will decouple from the market. |
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damiano
Legendary
Offline
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
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December 18, 2013, 05:04:26 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. Were slowing oscillating up, I think were in the clear until China wakes up. China doesn't matter any more. They will decouple from the market. To the Moon!!! then |
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MicroFi
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December 18, 2013, 05:04:35 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. Were slowing oscillating up, I think were in the clear until China wakes up. China doesn't matter any more. They will decouple from the market. Fingers crossed  |
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P_Shep
Legendary
Offline
Activity: 1795
Merit: 1198
This is not OK.
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December 18, 2013, 05:05:12 PM |
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I guess then the volume charts should display price*volume to give a normalised figure?
They do just on that on bitcoincharts.com Just click "volume by currency." OOooooh. Yeah, volume is massively massive more than April. |
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Davyd05
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December 18, 2013, 05:06:04 PM |
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Anyone think we will break 600 and stay?
I do. Alot of indicators are starting to point at buy. Will we dip down? Sure. But I believe we're in recovery mode now. Were slowing oscillating up, I think were in the clear until China wakes up. China doesn't matter any more. They will decouple from the market. fuck china str8 up. Amazed to see them above 3k, went to bed thinking we were at our lows 442 got tested it seems |
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