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GameStarter
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March 27, 2014, 11:46:53 PM |
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it is totally crazy to buy at 490$ now we will not rush to 600$ with china banned
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fonzie
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March 27, 2014, 11:46:57 PM |
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Who will manipulate the market now that Gox and (most probably)China are out?
Adam?
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chessnut
Legendary
 Offline
Activity: 924
Merit: 1001
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March 27, 2014, 11:48:10 PM |
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I think if anything LTC will be toast after all this.
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fonzie
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March 27, 2014, 11:48:19 PM |
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Only 7.x million dollar left on Stamp. 2011 charts will look like a Disneyland Trip compared to what´s comin.  |
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lemonte
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March 27, 2014, 11:49:26 PM |
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Who will manipulate the market now that Gox and (most probably)China are out?
Adam?
Mark is re opening Gox tomorrow, so don't worry, his liabilities have significantly decreased over the last 24 hours so Gox isn't insolvent anymore. He's just been on IRC now telling everyone that he's given Willy a polish so he's firing on all cylinders after his time off from work. |
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fonzie
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March 27, 2014, 11:50:23 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 27, 2014, 11:51:36 PM |
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guys stop freaking china news is completely fake.
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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March 27, 2014, 11:51:41 PM |
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My predictions from yesterday were kinda not good as I see...  Instead of go up, price went down ... ~35$ ... And no money to buy cheap coins!  such sad. I am definitely running out of Fiat reserves, too. UNEXPECTANTLY - In the past three weeks, I have been buying BTC since about $610, and i did NOT expect BTC prices to go lower than $610. I have continued to expect BTC prices to go up... but I have bought about 6 BTC between $486 and $610. If I had known (BIG IF), I would have saved my fiat and bought them all at $486... then I could have probably gotten 7 BTC for about the same price that I paid for the 6 BTC. |
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fonzie
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March 27, 2014, 11:52:59 PM |
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guys stop freaking china news is completely fake.
Huobi (chart) says different! It seems to be true this time(no trollin) |
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MinermanNC
Legendary
Offline
Activity: 2198
Merit: 1000
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March 27, 2014, 11:53:19 PM |
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it is totally crazy to buy at 490$ now we will not rush to 600$ with china banned
I tend to think the that most of the drop has already occurred when the rumors of the ban first broke. This is just the last shoe to drop before bottom...I hope! lol I think most of us where believing it was or would be banned. I see this as part of BTC's natural flushing out of who's in and who's out. Just as the weak and mismanaged exchanges will be out. (GOX etc.) BTC will carry on. |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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March 27, 2014, 11:54:06 PM |
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guys stop freaking china news is completely fake.
I LOVE YOUR DENIAL HAHAHAHAH SERIOUSLY ADAM YOU ARE IN DENIAL SINCE 800$ CHINESE MAY BE FALSE , WHAT'S IMPORTANT IS IRS STATEMENT AND THIS MAKE BITCOIN AHLF DEAD ,,,, Also this crash sounds everything expect fake =D |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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March 27, 2014, 11:54:09 PM |
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My predictions from yesterday were kinda not good as I see... Instead of go up, price went down ... ~35$ ... And no money to buy cheap coins! such sad. I am definitely running out of Fiat reserves, too. UNEXPECTANTLY - In the past three weeks, I have been buying BTC since about $610, and i did NOT expect BTC prices to go lower than $610. I have continued to expect BTC prices to go up... but I have bought about 6 BTC between $486 and $610. If I had known (BIG IF), I would have saved my fiat and bought them all at $486... then I could have probably gotten 7 BTC for about the same price that I paid for the 6 BTC. well ya, but its not possible to call bottoms, all you can do is strategically pick your moments to lower your avg price. |
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Kramerc
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March 27, 2014, 11:55:00 PM |
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Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
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lemonte
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March 27, 2014, 11:55:14 PM |
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guys stop freaking china news is completely fake.
Huobi (chart) says different! It seems to be true this time(no trollin) Apparently it was on the morning news in China Oh and shut your trap mah87, you nob. You were crying a few pages back when this all started kicking off. |
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FlyingLotus
Newbie
Offline
Activity: 47
Merit: 0
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March 27, 2014, 11:56:28 PM |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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March 27, 2014, 11:56:50 PM |
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Is there a bottom?
 He hasnt been wrong since i started using him for my TA advice. |
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altsay
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March 27, 2014, 11:57:02 PM |
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Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
South African time zone? |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10233
Self-Custody is a right. Say no to"Non-custodial"
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March 27, 2014, 11:57:04 PM |
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Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real?
I believe that the two rallies in 2013 were caused by the opening of the Chinese market, which created huge demand for BTC and sucked coins out of the Western markets. If the ban is real (I am not convinced yet) most of the coins in the Chinese exchange accounts may be moved to the non-Chinese exchanges. So I think this may well happen:  The black line is an exponential fitted by eyeball in log scale to the Bitstamp prices before April 2013. But I think this it is just a possibility, I would not bet on it. It is hard to guess what the big holders and investors will do: whether they will buy all the Chinese bitcoins, or dump those they already have. Not sure how to explain you that... but in this one year, there was a big step up for btc. Not just in price but also in infrastructure  So please... be smart and say at least 300$ (worst case scenario) and even if we go to 300$ I'm sure lots of todays holders would take a loan on their house/car/wife  to buy more coins. And then.... here is also Wall Street. I have a hard time buying two digits.. except maybe some weird flash crash scenario.. otherwise, i am with got milk.. and $300 or possibly a little bit lower could be extreme downsides... but I cannot seem much lower than $300... for any sustained period of more than a few hours. |
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billyjoeallen
Legendary
Offline
Activity: 1106
Merit: 1007
Hide your women
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March 27, 2014, 11:57:26 PM |
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This is what goes passes for capitulation for me. I'm out of fiat. out of leverage. Might lose everything in a margin call. Pawn shops are closed and I just bet the mortgage money. I'm just a spectator now. Good luck, Gentleman. I did everything I could.
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Kramerc
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March 27, 2014, 11:59:46 PM |
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Its 2 AM. I got my popcorn with me, but I must say, I am experiencing a certain level of fear.
Sadly, I can't buy moar, my fiat is running out.
South African time zone? Eastern Europe. @bja - I hope you're not serious. And if you are, I hope you won't lose. |
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