bitcoinsrus
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April 10, 2014, 05:29:12 PM |
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Is this silk road crash 2.0?
sir, I am going to need you to back away from the cpu
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oda.krell
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Activity: 1470
Merit: 1007
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April 10, 2014, 05:29:47 PM |
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Is this silk road crash 2.0?
this is an entirely new crash In my opinion, this is not a crash at all. This is a slow grind down, interspersed by the occasional higher volume moment of panic selling, and (less often) panic buying.
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 10, 2014, 05:29:55 PM |
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A $15 bounce off of the lowest low in four months and you are SURE the bottom is in before the down flag even closes on the 15 minute chart??
What are you smoking? You couldn't possibly be right except for dumb luck. People win lotteries. Most people lose. I play the odds.
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BitChick
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Activity: 1148
Merit: 1001
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April 10, 2014, 05:30:05 PM |
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Is this silk road crash 2.0?
this is an entirely new crash But hopefully the same outcome when the dust settles.
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Mervyn_Pumpkinhead
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Activity: 876
Merit: 1000
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April 10, 2014, 05:33:22 PM |
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I think that the chase for institutional money will be the wonderful unicorn of bitcoin, that will always stay close but never caught. There will be officials like Lawsky who try to pump BTC for their personal gain and there will be plenty of promises that "just couple of more steps, and we're there..." but there will always be "unforeseen circumstances" that'll stop the red carpets from rolling.
...and while BTC waits for the red carpets, it continues its boring 23.5% per month ascent that it has been doing 5.25 years, institutional money or not. Yawn. Yeah, BTC isn't bloated at all, and it isn't pumped to these heights, on the presumption, that the future holds institutional investments. All we have to do is look at the chart history, and we know everything. We don't have to consider the changes in environment or critical thresholds that need to be passed for further development. Just let's all look at the trend history and expect that the trend will be the same no matter of influence. Not like this method would only work with very specific markets that have stable predictable factors. Doh! Then we could all just draw lines and get rich without any knowledge, experience or education. It would be awesome! At first, I thought that you are an capable manipulator, and that is the reason on why you constantly pour honey into the ears of the novice, talking about "the certain trend reversal". But when I started to hear these wonderful talks about your new accommodation endeavors, then I realized that you really are as dumb as you look.
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nanobrain
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Activity: 1008
Merit: 1000
Dumb broad
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April 10, 2014, 05:34:24 PM |
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What are you smoking?
NO! Please, don't ask Risto that!! He'll give us a lecture on today's cigar.
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TeeBone
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April 10, 2014, 05:36:12 PM |
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A $15 bounce off of the lowest low in four months and you are SURE the bottom is in before the down flag even closes on the 15 minute chart??
What are you smoking? You couldn't possibly be right except for dumb luck. People win lotteries. Most people lose. I play the odds.
People take this shit so personal and refuse to switch gears at opportune times. This market is DYING/ITCHING/BEGGING to rid itself of the lottery ticket types. It's as plain as daylight, why fight it. i've been yelling this the last few weeks. I expect it to continue go down, down, down til blood is splattered everywhere and the gamblers finally take a hike.
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podyx
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April 10, 2014, 05:38:41 PM |
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I think that the chase for institutional money will be the wonderful unicorn of bitcoin, that will always stay close but never caught. There will be officials like Lawsky who try to pump BTC for their personal gain and there will be plenty of promises that "just couple of more steps, and we're there..." but there will always be "unforeseen circumstances" that'll stop the red carpets from rolling.
...and while BTC waits for the red carpets, it continues its boring 23.5% per month ascent that it has been doing 5.25 years, institutional money or not. Yawn. You base this on the trendline which is at about $1k now?
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gizmoh
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April 10, 2014, 05:40:35 PM |
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We aren't going to reverse until a good chunk of leverage long positions of $15 million @ finex are purged. Too many empty pocket traders are hoping right now..
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fonzie
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April 10, 2014, 05:44:18 PM |
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We aren't going to reverse until a good chunk of leverage long positions of $15 million @ finex are purged. Too many empty pocket traders are hoping right now..
I think there will be an attempt to get a few shorts squeezed before we go down to the final capitulation with the help from a long squeeze through Bitfinex.
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BitChick
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April 10, 2014, 05:45:32 PM |
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What are you smoking?
NO! Please, don't ask Risto that!! He'll give us a lecture on today's cigar. Talking about cigars might not be a bad thing on days like today. As a female I can talk about many pointless things! Maybe we should all just start talking about our hobbies, kids, shopping etc. Get our minds of of Bitcoin for a while until we are in a better place.
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Davyd05
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April 10, 2014, 05:47:03 PM |
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What are you smoking?
NO! Please, don't ask Risto that!! He'll give us a lecture on today's cigar. Talking about cigars might not be a bad thing on days like today. As a female I can talk about many pointless things! Maybe we should all just start talking about our hobbies, kids, shopping etc. Get our minds of of Bitcoin for a while until we are in a better place. some guy claimed on reddit he was going to drink a shot of tequila to every 100 volume price alert lol.. I think he's a prime candidate for a step back from btc.
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Davyd05
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April 10, 2014, 05:48:58 PM |
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billyjoeallen
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Hide your women
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April 10, 2014, 05:49:39 PM |
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We aren't going to reverse until a good chunk of leverage long positions of $15 million @ finex are purged. Too many empty pocket traders are hoping right now..
I was already purged. I was one of them and I lost closing my leveraged long@ $478. I paid the tuition, lost a bundle and saved my ass. But I also know that Bitfinex doesn't lead this market. The longer price drags on like this, the more likely this is another dead cat bounce. No volume. Leveraging short right now could be lucrative.
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kurious
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April 10, 2014, 05:49:41 PM |
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Also, when did proudhon and rpietlila show back up?
Just in time for the party?
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fonsie
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April 10, 2014, 05:51:09 PM |
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Game is over.
yes finally, glad to see that your game is over, see yaaaa
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kurious
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Activity: 2590
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April 10, 2014, 05:52:43 PM |
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We aren't going to reverse until a good chunk of leverage long positions of $15 million @ finex are purged. Too many empty pocket traders are hoping right now..
I was already purged. I was one of them and I lost closing my leveraged long@ $478. I paid the tuition, lost a bundle and saved my ass. But I also know that Bitfinex doesn't lead this market. The longer price drags on like this, the more likely this is another dead cat bounce. No volume. Leveraging short right now could be lucrative. Risky. Not for me, fiat ready to buy more, but leveraged short could be painful - I for one am not brave enough.
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ampere9765
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April 10, 2014, 05:53:00 PM |
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This is not a chart reversal pattern, not yet anyway. The way $400 fell so easily makes me think that there is more blood to come. Why head fake @ $380 when you can do it at $350? or $250? 15 minute chart looks like a mini version of the $710 whale. $382 will be retested. It looks like a false bottom so far. The enemy of the manipulator is time.
I agree we should see some more dumping, to the mid 300's. Its very rare for a massive support to fail and not overshoot a good deal.. $383 is nothing. It took a full 2 weeks for 400 to fall, and the support zone is actually in 382-384 from the previous bottoms. More likely than not your dream will not come true, sorry. I think you are often on point but dead wrong here. We can push a bit from here but minimum 350-360 level before reassess. Possibly much more downside
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aminorex
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Sine secretum non libertas
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April 10, 2014, 05:57:17 PM |
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I could recall some better times from Bitcoin I doubt it. When was the last time coins were this cheap? 2011?
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billyjoeallen
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Activity: 1106
Merit: 1007
Hide your women
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April 10, 2014, 05:57:32 PM |
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Also, when did proudhon and rpietlila show back up?
Just in time for the party? They are making a near futile attempt to defend $480. Jawboning won't cut it. Gox and China are not additive downward forces. They are multiplicative. The only known support level is at the pre-China ATH @ $266. I can't sleep with open buy orders much higher than that until I get new information. If you want to take coins from us early adopters, wait until we can't hold out any longer. We have had negative income flows for four months. Embrace the pain.
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