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seriouscoin
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December 19, 2013, 07:45:52 PM |
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Anyone that follow China market will be in for a big surprise of bull trap....It goes like this
BTCChina price goes up ----- >>> BUY BUY BUY
MTGOX and Stamp price go up ----> Chinese DUMP their coins ------> panic SELL SELL SELL
There's only 15k coins on China and the amount of fiat there won't even be able to buy them all. China is going the Argentina route where BTC carries a premium. Holding, like always. LOL that exactly what no deposit does..... what you dont understand a simple supply and demand? And does Argentina manufacture mining hardware? Are you aware the Chinese can buy mining chips cheaper? and they dont have to wait for months?  So then there will be no arbing? If you can't buy the coins to arb with, then it stands to reason that there will be no arbing. They might do a 1 off arb like someone else said, but then they would no longer have coins left. Did you even listen? Arbing is only attractive in times like this. When the market gets completely squeezed, the miner (supply) will sell at foreign exchanges and because this carries more risk (no local demands) there is more selling pressure for Chinese miners. God knows how long they can continue selling oversea.... when the government starts to look at taxation. |
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CryptStorm
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December 19, 2013, 07:47:21 PM |
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Bounce target is 550-600 Euro. With an overshoot that could reach 10% more.
We have not seen the bottom yet.
btw. I allready bought back, very close to the bottom (@ 350 Euro). But I'll take profits the whole ride. Thanks weak hands.
how can you be so sure? Indeed. But if he's right we'll bounce to $800-$900 and then crash further down then we've been. Is that the last section of the roller-coaster?  +1 |
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mbets
Newbie
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Activity: 28
Merit: 0
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December 19, 2013, 07:47:48 PM |
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OMG what was that spike?
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mbets
Newbie
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Activity: 28
Merit: 0
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December 19, 2013, 07:49:00 PM |
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Gox owning it up.
That can't be sustainable |
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humanitee
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December 19, 2013, 07:50:16 PM |
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Did you even listen?
Arbing is only attractive in times like this. When the market gets completely squeezed, the miner (supply) will sell at foreign exchanges and because this carries more risk (no local demands) there is more selling pressure for Chinese miners. God knows how long they can continue selling oversea.... when the government starts to look at taxation.
lmfao, yeah ok dude. 3600 coins created everyday. That's all. Not everyone is selling immediately, either. You are also assuming that no one is in touch with the larger miners in China. It's still perfectly legal to buy Bitcoin there. |
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tarmi
Legendary
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Activity: 1232
Merit: 1011
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December 19, 2013, 07:50:23 PM |
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Gox owning it up.
That can't be sustainable this is bitcoin |
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I_bitcoin
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December 19, 2013, 07:54:30 PM |
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You know, on April 5th one bitcoin was worth 1/300th of a 2007 Porsche Cayman S.
And on Dec 12th one bitcoin was worth 1/216th of a 2014 Lambo Gallardo.  So pretty. |
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QuestionAuthority
Legendary
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Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
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December 19, 2013, 07:55:45 PM |
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This poll has the strongest participation yet. HODL!!!!!!!!!!!!!! Is the clear winner with 146 votes so far. lol
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jojo69
Legendary
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Activity: 3584
Merit: 5168
diamond-handed zealot
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December 19, 2013, 07:55:49 PM |
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EFS
Staff
Legendary
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Activity: 4214
Merit: 2789
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December 19, 2013, 07:56:35 PM |
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Okay I made wrong decisions. I can't be a bear in crypto-coin business. I learned my lesson and it was pretty cheap I think. I'm an Ultimate Bull and I can't/won't/don't want to change.
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ChrisML
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December 19, 2013, 07:58:50 PM |
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Gox owning it up.
That can't be sustainable this is bitcoin  |
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seriouscoin
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December 19, 2013, 08:00:30 PM |
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Did you guys notice after every buy theres always a sell thats roughly 70-80% volume of the buy.
And coins in China is how much cheaper?
Hmmm... whoever follow each buy are basically helping them to arb
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Chalkbot
Legendary
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Activity: 896
Merit: 1001
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December 19, 2013, 08:00:41 PM |
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Are we doing this?  |
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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December 19, 2013, 08:00:46 PM |
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Bounce target is 550-600 Euro. With an overshoot that could reach 10% more.
We have not seen the bottom yet.
btw. I allready bought back, very close to the bottom (@ 350 Euro). But I'll take profits the whole ride. Thanks weak hands.
how can you be so sure? Indeed. But if he's right we'll bounce to $800-$900 and then crash further down then we've been. Is that the last section of the roller-coaster? +1 How could Mirsad be right? You still haven't figured out he is the most smartest person on the planet and never made a bad trade? And that he is 16th generation Swiss with Bosnian name that lives better life than 99% of the planet? Come one, how could you not know that? |
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ChartBuddy
Legendary
 Online
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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December 19, 2013, 08:01:53 PM |
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mbets
Newbie
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Activity: 28
Merit: 0
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December 19, 2013, 08:04:25 PM |
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It's waiting at 700 not sure which way to go |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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December 19, 2013, 08:06:17 PM |
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Bitfinex margin trading completely broken since servers move.
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bassclef
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December 19, 2013, 08:06:30 PM |
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1, 4 & 6 hours charts looking awfully bullish.
Weeee there we go while I was writing!!
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Davyd05
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December 19, 2013, 08:07:46 PM |
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It's waiting at 700 not sure which way to go I read that look up and saw in passing hopefully it continues to climb |
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Drabla
Member
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Activity: 104
Merit: 10
Pecunia non olet
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December 19, 2013, 08:08:02 PM |
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Bitfinex margin trading completely broken since servers move.
Broken how? |
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Poll
