MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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February 14, 2014, 05:23:11 AM |
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Less than 1.5k BTC bids down to $550. Anything can happen.
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Davyd05
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February 14, 2014, 05:24:53 AM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 14, 2014, 05:27:13 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. |
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 14, 2014, 05:28:29 AM |
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This is not over. The underlying issues have not been resolved.
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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February 14, 2014, 05:29:19 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. Never underestimate Bitcoin traders, they'll buy or sell when you think there's no chance in hell one would do it. |
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surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 14, 2014, 05:30:45 AM |
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Shit the price went down to 300 in my sleep  Can anyone fill me in?  |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 14, 2014, 05:31:53 AM |
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There has been someone buying 1000btc at a time on bitstamp and bitfinex at every hour during this entire downtrend.
Proof? What if TERA is the "someone" buying 1000btc per hour. Dun dun DUUUUNNNNN.......... [that squirrel meme here] |
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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February 14, 2014, 05:32:24 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. There was 5k below $600, less than 1k below $550. Not a lot. I was arquing upward momentum, not much more dumping. Also there was not a lot of people awake in EU (middle of the night). |
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David M
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February 14, 2014, 05:33:35 AM |
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The underlying issues have not been resolved.
What underlying issue? One more time... If it does not affect the protocol implementation or network, it is irrelevant in th long term. The malleability bug does not. We have a new class of investment, open and anti-fragile. Get used to it. |
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NWOreptilian
Newbie
Offline
Activity: 20
Merit: 0
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February 14, 2014, 05:34:57 AM |
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the big crash is over...deal with it. Hopefully you picked up some semi-cheap coins
if you haven't, it's not too late
and there will be plenty more crashes to come. bitcoin is still in speculation mode and probably will be for all of 2014 before finally stabilizing as a currency.
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 14, 2014, 05:36:00 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. Never underestimate Bitcoin traders, they'll buy or sell when you think there's no chance in hell one would do it. There's an overlap between traders and investors. It can create a ratchet effect if they are on net long term bulls, as I believe most short and intermediate term bears are. That four year log chart is compelling. |
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HairyMaclairy
Legendary
Offline
Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 14, 2014, 05:36:15 AM |
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The underlying issues have not been resolved.
What underlying issue? One more time... If it does not affect the protocol implementation or network, it is irrelevant in th long term. The malleability bug does not. We have a new class of investment, open and anti-fragile. Get used to it. I don't disagree. But the shenanigans at Gox are going to be a drag on the market until they get their act together or sink below the water. And while the protocol is anti-fragile the price is not. |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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February 14, 2014, 05:36:33 AM |
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Shit the price went down to 300 in my sleep Can anyone fill me in? A couple panic sellers seemed to have triggered a massive whale, who single handedly sold 5000 BTC in a single market order.. lol! |
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surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 14, 2014, 05:38:51 AM |
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Shit the price went down to 300 in my sleep Can anyone fill me in? A couple panic sellers seemed to have triggered a massive whale, who single handedly sold 5000 BTC in a single market order.. lol! Thanks I just wish I could have taken a long position @ 300  |
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KFR
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February 14, 2014, 05:39:30 AM |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 14, 2014, 05:41:50 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. There was 5k below $600, less than 1k below $550. Not a lot. I was arquing upward momentum, not much more dumping. Also there was not a lot of people awake in EU (middle of the night). There isn't a lot of upward momentum yet, but when the glitch is fixed and withdrawals resume, it will come. |
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surfer43
Sr. Member
Offline
Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 14, 2014, 05:43:56 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. There was 5k below $600, less than 1k below $550. Not a lot. I was arquing upward momentum, not much more dumping. Also there was not a lot of people awake in EU (middle of the night). There isn't a lot of upward momentum yet, but when the glitch is fixed and withdrawals resume, it will come. Do you think it will be fixed soon? |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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February 14, 2014, 05:48:58 AM |
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The Gox announcement was bad, but the transaction malleability DDOS was much worse and left a smaller dent. Without another disaster, the worst is behind us. If we follow the pattern of earlier rallies, and corrections, we slowly build upward momentum from here, but nothing parabolic for a while.
I don't believe, volume was very low below $600. No, it wasn't, but it sure as hell was this time and it's still going up. who's gonna panic sell now that hasn't sold already? Who's gonna dump now except for profit takers? The only thing that would bring us back down is more bad news and it would have to be more than FUD. There was 5k below $600, less than 1k below $550. Not a lot. I was arquing upward momentum, not much more dumping. Also there was not a lot of people awake in EU (middle of the night). There isn't a lot of upward momentum yet, but when the glitch is fixed and withdrawals resume, it will come. Do you think it will be fixed soon? Within days at most. The people working on it know the stakes. |
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shmadz
Legendary
Offline
Activity: 1512
Merit: 1000
@theshmadz
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February 14, 2014, 05:49:31 AM |
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Here's a question:
What happens to your nation's currency when you go "all in" on bitcoin?
Meaning, the government of said nation (Cypress? Singapore?) fully embraces bitcoin and allows banks to freely exchange their national currency for bitcoins.
The specific question I have is: would that make the relative value of that nation's currency rise or fall versus all the other nations?
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