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Davyd05
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January 05, 2014, 12:32:25 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days? Alot of resistence at stamp though, 1000 bts till 850 I just use the stamp orderbook, but theres probably a better site for it  think a bite of 150 - 300 BTC will get it pulled quickly. |
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T.Stuart
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January 05, 2014, 12:36:50 PM |
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The award for steadfastness at Bitcoin exchanges so far this year goes to STAMP!  |
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Erdogan
Legendary
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Activity: 1512
Merit: 1005
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January 05, 2014, 12:39:19 PM |
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What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.
Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?
This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.
The imaginary economic growth thanks to controlled inflation is what brought us to the information age. Using a deflationary monetary unit worldwide will just bring humanity back to neo-feudalism with the bitcoin whales being even crueler than the current elite who are at least kept in check by politicians. I sincerely doubt that bitcoin or deflationary cryptocurrencies will replace fiat altogether, it will just remain a complementary niche market. Wrong forum pal. |
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Richard Branson
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January 05, 2014, 12:41:13 PM |
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What makes Bitcoin attractive is that nobody can create new units arbitrarily and spend them, diluting everybody else's purchasing power.
Inflation is so destructive because of what it does to economic incentives - why work to create useful products and services to earn currency if someone else can just spend newly-printed units and bid up the price of everything you want to buy?
This effect is present in Bitcoin too, but fortunately it's something that diminishes over time via a known schedule.
The imaginary economic growth thanks to controlled inflation is what brought us to the information age. Using a deflationary monetary unit worldwide will just bring humanity back to neo-feudalism with the bitcoin whales being even crueler than the current elite who are at least kept in check by politicians. I sincerely doubt that bitcoin or deflationary cryptocurrencies will replace fiat altogether, it will just remain a complementary niche market. Wrong forum pal. Only permabulls allowed. To the moon. |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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January 05, 2014, 12:41:53 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
The buying machine was out of memory and was oom-killed, then the operator woke up and restarted it. |
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Davyd05
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January 05, 2014, 12:46:39 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days? Alot of resistence at stamp though, 1000 bts till 850 I just use the stamp orderbook, but theres probably a better site for it think a bite of 150 - 300 BTC will get it pulled quickly. theres the bite.. will it be pulled or gobbled |
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Feri22
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January 05, 2014, 12:47:45 PM |
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I sold at 550 expecting to buy at 350...i had to buy at 735 USD...I know i should be happy, but i feel like stupid panic selling at 550...i found out that everybody has some certain selling price...i bought at 90USD/1 BTC so of course i was easy hodling when the price went from 1200 to 800...but then was 700, 600, 580, 560, 550, bum..panic sold...i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...But i learned now this about bitcoin the hard way and true is, i am not selling even when it would start falling to...so to all bears, you should buy right now and just shut the fuck up already, we are heading to 10,000 with or without you  The price went 2 times from 1200 to 800... It was really stupid not to sell at least 50% @ second top Either you sell there or NEVER! But why @ 550? Just don't trade if you panic sell or buy. It's most of the time completly wrong. Anticyclic buying and selling is the key to suceed. Or the easy way -> buy and hold (and sell @ ath, never at the bottom after a ath) You are right, but after war is everyone general you know? In that moment when i read about Chinese almost banning BTC in China and seeing it is falling down fast, it was hard to hold....And you can't never know 100% in bitcoin market what the market will do...so i learned the hard way to hold or sell only when you got the really bad news in time... |
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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January 05, 2014, 12:51:18 PM |
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not good for germans. Sounds too much like "Mofa":  a choo choo mofa? No fucking way! Jesus Christ!!! I owned one of those back in the 80s!!!!  If you still had it in good condition it'd be worth quite a bit these days  Nope - But I do have one of these in perfect condition...  I can even take offers for exchanging it for a Lambo... Goat??? Are you here???  |
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pietje
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January 05, 2014, 12:51:44 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days? Alot of resistence at stamp though, 1000 bts till 850 I just use the stamp orderbook, but theres probably a better site for it think a bite of 150 - 300 BTC will get it pulled quickly. theres the bite.. will it be pulled or gobbled Didnt got pulled, it is allmost down though. But still alot of resistence a stamp, also a selling wall of 100 btc showed up op btc-e, which was down within 1 minute. But overall its looking pretty good, steady rise for the last couple of days |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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January 05, 2014, 12:53:12 PM |
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I will buy a lambo when I can get one for < 5 btc.
edit: forget that, I'd actually like something that doesn't run on fossil fuels. Are there any green super cars?
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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January 05, 2014, 12:54:08 PM |
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i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment. |
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flynn
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January 05, 2014, 12:54:50 PM |
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edit: forget that, I'd actually like something that doesn't run on fossil fuels. Are there any green super cars? Sure, buy a Tesla |
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molecular
Donator
Legendary
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Activity: 2772
Merit: 1019
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January 05, 2014, 12:56:07 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days? Yeah, I misread on bitcoinwisdom depth graph somehow using that mouse hover info. Then took a closer look at the little orderbook on the right and corrected. |
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micalith
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January 05, 2014, 12:57:09 PM |
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yay, choo choo, but I'm really not comfortable with the significant break outs being led by Huobi, as was the case here. It feels like thin ice
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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January 05, 2014, 12:57:54 PM |
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Looks like a breakout attempt. If the ~360 BTC wall @845 on bitstamp gets eaten, we'll break out.
Lol did you edit that from 500BTC? What is a good site to see the walls these days? Yeah, I misread on bitcoinwisdom depth graph somehow using that mouse hover info. Then took a closer look at the little orderbook on the right and corrected. Ah, you did use Bitcoinwisdom. I cannot get it to give wall info. |
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spooderman
Legendary
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Activity: 1638
Merit: 1022
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January 05, 2014, 12:58:47 PM |
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Are walls getting eaten or pulled on stamp?
1k on gox or 900 on stamp - which is gonna be first?
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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January 05, 2014, 12:58:54 PM |
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I have a feeling that 2013 is repeating all over again, it seems that there will be a new race, but the only difference is that Bitcoin has gained so much popularity and got so much attention now and a hard crash as April's one will not most likely happen, or at least it wont go that deep.
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spooderman
Legendary
Offline
Activity: 1638
Merit: 1022
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January 05, 2014, 01:07:59 PM |
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Whose up for chartbuddy giving us stamp instead of gox?
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granathus
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January 05, 2014, 01:08:54 PM |
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Are walls getting eaten or pulled on stamp?
1k on gox or 900 on stamp - which is gonna be first?
Tomorrow we will have both. |
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kromer
Member
Offline
Activity: 86
Merit: 16
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January 05, 2014, 01:11:10 PM |
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i think many guys here are really calm holding bulls because they bought under 10 USD...so it is little bit more easy to hodl i think...
It's irrelevant at what price you bought for deciding whether or not to hold an investment. It depends on the person. I have more money than I have ever had in my life invested in Bitcoin. Had I earned that money through a regular job, there is no way I would consider putting it all into Bitcoin. But since it came so easy, it wouldn't hurt so much if I lost it all. |
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