Holliday
Legendary
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Activity: 1120
Merit: 1010
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February 02, 2014, 10:46:44 PM |
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Wow. Such crash. Doge hurtin' today.
Who wants to hold coins that inflate forever when they can hold coins that don't? |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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February 02, 2014, 10:55:47 PM |
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Wow. Such crash. Doge hurtin' today.
Feels so good to watch an altcoin crash while being full BTC.  |
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 02, 2014, 11:02:41 PM |
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MatTheCat
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February 02, 2014, 11:08:31 PM |
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someone just dumped 820 coins on stamp  But it didn't make that much of a dent. BTC E is still $15 cheaper. Bearstamp is still tied to Huobi and BTC E is off on a frolic of its own. I was watching the market closely when that '820 dump' happened. What it actually was, was some whale moving around 160 BTC chips in the ask wall, in a seeming attempt to push up the buy price whereas on the Ask wall, was a large 199 BTC sell order 'guarding' the front gate. Then suddenly, a 500 BTC sell order smashed into the Bid wall, taking out two of the 160 strong BTC chips, and then 10 seconds later, a 250 BTC order slammed into Ask wall. After this point, there was no sign of the 160 BTC tranches on the Bid wall, or the 199 BTC tranche on the Ask wall. It was weird. Two whales playing games with one another....or maybe just one whale. Who knows. |
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aminorex
Legendary
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Activity: 1596
Merit: 1029
Sine secretum non libertas
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February 02, 2014, 11:16:22 PM |
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Wouldn't that (being used by payment processors) increase the downward pressure resulting in a lower exchange rate at BitStamp?
Do payment processors like Coinbase/BitPay purchase coins?
Yes. |
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JorgeStolfi
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February 02, 2014, 11:24:38 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 02, 2014, 11:25:50 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? there was very good reason for the doge crash |
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niothor
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February 02, 2014, 11:35:18 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? it was updated to mugabecoin |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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February 02, 2014, 11:44:05 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? Uhh no. If Bitcoin crashes all cryptocoins go down with it, but it doesn't work the other way around because altcoins are way too small compared to their big daddy Bitcoin. There are altcoins crashing almost every single day and nobody gives a crap except the bag holders of that particular coin. |
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MatTheCat
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February 02, 2014, 11:47:37 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? Cos all them other coins are just nonsense copy cat bullshit that are trying to cash in on the crypto-fad. Dogecoin, Pisscoing, or Wankcoin crashing wouldn't affect any Bitcoin speculative decision I had to make...unless they were crashing because Bitcoin was crashing which is a viable relationship. The other way around (Bitcoin crashing because Dogecoin is crashing) isn't. There are now far too many crypto currencies for me to give a shit about any of them and I don't care if I can enrich myself by jumping on the early stages of a coins release. It is all just bullshit which is why I won't be mining or buying any 'MAX (Keiser) coin, despite being aware that this balloon has a pretty large moron army following him who will gladly jump into any old bullshit that he endorses. |
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cee-euros
Member
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Activity: 88
Merit: 10
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February 02, 2014, 11:48:05 PM |
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large 370 chunk on btc-e at 800
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JorgeStolfi
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February 02, 2014, 11:49:14 PM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? there was very good reason for the doge crash Thanks, I suppose you mean this: http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12So its price crashed because its popularity soared. That may be good news for Bitcoin indeed. |
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JorgeStolfi
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February 02, 2014, 11:55:21 PM |
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then the error bars not tight.
You play heads-or-tails for money, and two seers in funny clothes knock at your door, claiming to be able to predict the outcome of the next coin throw. One elucubrates over the outcomes of past throws with astrolabe and compasses, and then proclaims "heads" or "tails" before each throw. The other meditates in the lotus pose, eyes closed, and then says "50% chance that the next throw will be tails". Which of the two seers would you hire?  |
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empowering
Legendary
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Activity: 1078
Merit: 1441
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February 02, 2014, 11:56:25 PM |
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Are you guys talking about the Doge crash on Bter?
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ChartBuddy
Legendary
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 03, 2014, 12:02:47 AM |
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meanig
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February 03, 2014, 12:08:12 AM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? there was very good reason for the doge crash Thanks, I suppose you mean this: http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12So its price crashed because its popularity soared. That may be good news for Bitcoin indeed. It's only dawning on the Dogecoiners now that 10,000 coin block rewards in perpetuity might not be enough to secure their blockchain if the price doesn't increase 50x in the next year. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 03, 2014, 12:08:24 AM |
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Wow. Such crash. Doge hurtin' today.
Who could have possibly seen that comin'? |
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Dragonkiller
Sr. Member
Offline
Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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February 03, 2014, 12:11:45 AM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? there was very good reason for the doge crash Thanks, I suppose you mean this: http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12So its price crashed because its popularity soared. That may be good news for Bitcoin indeed. It's only dawning on the Dogecoiners now that 10,000 coin block rewards in perpetuity might not be enough to secure their blockchain if the price doesn't increase 50x in the next year. this |
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bambou
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February 03, 2014, 12:28:36 AM |
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Wow. Such crash. Doge hurtin' today.
All cryptocoins are brothers in fate, if one fails the others will suffer too. Pure bitcoiners may rejoice in the demise of a competitor, but people out there will wonder: if Dogecoin crashed without warning or reason, why wouldn't Bitcoin too? there was very good reason for the doge crash Thanks, I suppose you mean this: http://www.businessinsider.com/dogecoin-crashed-this-weekend-2013-12So its price crashed because its popularity soared. That may be good news for Bitcoin indeed. It's only dawning on the Dogecoiners now that 10,000 coin block rewards in perpetuity might not be enough to secure their blockchain if the price doesn't increase 50x in the next year. this so i guess it is also valid for bitcoin? there is still a huge margin for its popularity to soar  |
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