nutildah
Legendary
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Activity: 3136
Merit: 8501
Happy 10th Birthday to Dogeparty!
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All the charts look terrible, with the exception of 1 year and 3 hour 2 year 6 month 30 day 7 day 24 hour 12 hour all down.
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bitserve
Legendary
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 18, 2019, 02:58:35 AM |
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie. Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod. Edited: I read wrong first time.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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December 18, 2019, 03:05:51 AM |
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie. Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod. Yeah, that is a different matter. Yet... the same people. Fool me once, shame on you. Fool me twice, sha... fuh... won't get fooled again.
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JayJuanGee
Legendary
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Activity: 3864
Merit: 10962
Self-Custody is a right. Say no to"Non-custodial"
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December 18, 2019, 03:22:20 AM |
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Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.
Hunh huh... ' supposed' ... JJG tryna make a funny.
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tranthidung
Legendary
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Activity: 2422
Merit: 4247
Farewell o_e_l_e_o
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December 18, 2019, 03:31:31 AM |
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Hi WO's citizens, The results from my analysis will make you shocked. Stats for total merits of topics and posts (since 24/1/2018 to 11/12/2018): ABSTRACT < ... >Categorisations of merited-topics/ merited-posts:Topics: group | Freq. Percent Cum. ------------+----------------------------------- <= 10 | 51,609 85.15 85.15 11 - 25 | 5,861 9.67 94.82 26 - 50 | 1,893 3.12 97.94 51 - 100 | 771 1.27 99.21 101 - 200 | 324 0.53 99.75 201 - 500 | 115 0.19 99.94 501 - 1000 | 27 0.04 99.98 1001+ | 12 0.02 100.00 ------------+----------------------------------- Total | 60,612 100.00
< ... >
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bitserve
Legendary
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 18, 2019, 03:45:18 AM |
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Anyhow, Richy_T took his marbles and went somewhere else.. and whined the whole time about BIG blocker nonsense including supposed censorship going on within this forum.
Hunh huh... ' supposed' ... JJG tryna make a funny. Know what's funny? I had a heart attack during december 2013 dump. Now I will leave you wondering if serious or not.... I will just say that I have "the card" that enables me to joke with that as much as I want
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bitserve
Legendary
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Activity: 1834
Merit: 1477
Self made HODLER ✓
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December 18, 2019, 03:56:04 AM Last edit: December 18, 2019, 04:08:22 AM by bitserve |
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Are we saying that Bitfinex itself is therefore acting as the defacto trade counterparty ? That sounds distinctly dodgy.
GalacticMindExplosion.gif counterparties are the exchange users that are loaning (is that the right word?) those $ and/or BTC. I don't see nothing fishy *there*. Right. And their tether is one hundred percent backed by good ol' federal reserve notes. Until we found out that that was a lie. Yeah, that is a different matter. I wouldn't touch a tether with a fishing rod. Yeah, that is a different matter. Yet... the same people. Fool me once, shame on you. Fool me twice, sha... fuh... won't get fooled again. Fair enough. I only have there a bunch of worthless IOTAS a few BCH, BSV and BTG. No BTC (maybe dust).
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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December 18, 2019, 04:10:50 AM |
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What kind of sorcery is this? This looks ridiculous. Rubbing my eyes for the 2e time... It's because Bitfinex is a completely fake scam exchange where the entire orderbook is controlled by a single entity conjuring money out of thin air (Tethers) and trading with customer funds MtGox style, and that single entity is attempting to vacuum up the entire float in order to manipulate the market. You would need to be a complete idiot to look at that chart and not know that enormous candle originates from a single entity. If that candle was from an aggregate market (numerous different people) it would be extremely bad because it would mean there's tons of overleveraged retards and the price would soon implode. But the fact that entire candle is from a single entity means the criminal faggots that own the Bitfinex exchange are going to try to manipulate the price a lot higher soon. Will they succeed? Who knows. Bitfinex has much less importance as an exchange than they used to because EVERYONE knows it's a fucking criminal enterprise now and won't go near that MtGox 2.0 exchange. For them to rig the price, people on other exchanges would actually have to be willing to arb there, and nobody is.
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realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
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December 18, 2019, 04:47:53 AM |
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My own country has bad currency, the gold price is all time highs though dollar price gold is not near 2011 prices
Yes, for the system to continue and not implode it will need a new Plaza accord. Dollar needs to be devalued 35-40% against all other fiats overnight basically.
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Paashaas
Legendary
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Activity: 3547
Merit: 4660
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December 18, 2019, 04:51:41 AM |
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Relax, Bitcoin YTD is still nice. X mass 2020 will be even better.
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realr0ach
Sr. Member
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Activity: 924
Merit: 311
#TheGoyimKnow
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December 18, 2019, 04:57:46 AM Last edit: December 18, 2019, 05:10:06 AM by realr0ach |
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Not enough for real PANIC. Under $5K would probably do. And under $3K and you will see people running around screaming (me included) no matter how hard they look now.
I agree that $5k would not be a panic zone, so if anyone was actually trying to create panic on purpose they would need to dump it to at least $3k's. Even then, they're still not going to shake out any coins because there's so many delusional people who believe their own propaganda claims that Bitcoin "will go to $1 trillion each". And the slightly less delusional people will just think the halving will put them in the black somehow. So if the market actually requires a shakeout and a manipulator to acquire all the float to then rig it higher, that's not going to happen. Whoever attempts to rig it higher is gonna get dumped on lol-hard.
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Lambie Slayer
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December 18, 2019, 05:46:05 AM |
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When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen, they will buy way too much corn for that to occur.
The Bargain Boyz will let you know when the time is right. For now just nibble with a few small buys if you must, the real bargains are on the way.
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Lambie Slayer
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December 18, 2019, 05:52:18 AM |
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Tis the season to be moving your fiat to exchanges for the deals to come. Remember when your friends and family mock you during the holidays about Bitcoin that it just means the real Bargains are beginning. Christmas 2021 you will be a legend and the fam will be asking you if 100k is a good place to buy. via Imgflip Meme Generator
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Lambie Slayer
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December 18, 2019, 05:57:16 AM Last edit: December 18, 2019, 06:14:56 AM by Lambie Slayer |
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All the charts look terrible, with the exception of 1 year and 3 hour 2 year 6 month 30 day 7 day 24 hour 12 hour all down. +3 for the excellent B Boyz meme The man is such a Bargain hunter that he wears the same shirt in multiple memes, its cheaper than buying more shirts. He needs that money for more corn.
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VB1001
Legendary
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Activity: 938
Merit: 2540
<<CypherPunkCat>>
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December 18, 2019, 06:30:14 AM |
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BTC Dominance: 67,5% All good, the balls in place and loaded, waiting for the right moment to pull the trigger and buy some sats. Have a good day.
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Lambie Slayer
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December 18, 2019, 06:48:37 AM Last edit: December 18, 2019, 07:07:27 AM by Lambie Slayer |
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realr0ach
Sr. Member
Offline
Activity: 924
Merit: 311
#TheGoyimKnow
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December 18, 2019, 07:33:06 AM |
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When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen
You don't see any whale buying because the value of Bitcoin is completely nebulous and artificial, and the price has already been rigged to such huge levels that if a whale wanted to buy say 10,000 coins, that's $60 million at $6k and $40 million at $4k. When you're dealing with trivial amounts of play money it's not a huge deal, but if some hedge fund or whatever actually did that trade at $6k and then it dumps to $4k, it's a $20 million loss in the span of hours or minutes if they get unlucky. That's Wework-level of debacle. Bitcoin is for pump and dump scammers and not actual investors because how much that can instantly be lost. This is why the price is mostly moved ONLY by people who already have lots of coins and not anyone from the outside because it's way too risky - i.e. Bitmain artificially rigging the price up to try and keep their monopoly profitable. But if the price is determined not by utility of a commodity or resource or even supply and demand at all but just people who monopolized the market in the year 2011 artificially rigging it, then it's just some BS pyramid scam. In that circumstance, there's no difference in buying JayJuanGeeCoin, Bitcoin, or any other imaginary financial derivative on Wall Street. They're all imaginary, valueless widgets. You have to be buying a real commodity or business or something in order for it not to be a scam.
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goldkingcoiner
Legendary
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Activity: 2198
Merit: 1955
A Bitcoiner chooses. A slave obeys.
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December 18, 2019, 07:38:49 AM |
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When the Bargain Boyz step in the only panic will be panic buying. This could happen around 5 or perhaps a little lower, but 3k is not going to happen
You don't see any whale buying because the value of Bitcoin is completely nebulous and artificial, and the price has already been rigged to such huge levels that if a whale wanted to buy say 10,000 coins, that's $60 million at $6k and $40 million at $4k. When you're dealing with trivial amounts of play money it's not a huge deal, but if some hedge fund or whatever actually did that trade at $6k and then it dumps to $4k, it's a $20 million loss in the span of minutes or hours if they get unlucky. That's Wework-level of debacle. Bitcoin is for pump and dump scammers and not actual investors because how much that can instantly be lost. This is why the price is mostly moved ONLY by people who already have lots of coins and not anyone from the outside because it's way too risky - i.e. Bitmain artificially rigging the price up to try and keep their monopoly profitable. No, Roachie. You do not see whales buying because they are still not finished dumping. Once they run out of coins to dump, they will buy at the bottom of wherever the momentum of the panic sell starts slowing down....
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