dreamspark
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April 26, 2014, 11:50:35 AM |
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Huobi rising while Stamps falling, we saw a $20 or so gap between the two yesterday (GMT) and over night the gap has been closed to $6.
Chinese coming to the West. 5k walls soon Maybe coins that the Chinese already have but look at the Chinese order books, they're so thin that you would struggle to buy 5k just to arb. The thing that I always think is that yes there will always be those who stick around and hold out hope till the very end but surely most people in China who want out completely have had so much time do it especially as they can read the news without google translate!
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ChartBuddy
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April 26, 2014, 12:00:37 PM |
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chromosoma
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April 26, 2014, 12:51:07 PM |
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Only a fool will trust in bitcoin. Soon it will go back to 350 Dollar mark
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ChartBuddy
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April 26, 2014, 01:00:35 PM |
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Meman
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April 26, 2014, 01:12:18 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho.
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sonofliberty
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Market Integration Platform
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April 26, 2014, 01:33:19 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho. No.
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ShroomsKit
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April 26, 2014, 01:33:51 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho. First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future.
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rpietila
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April 26, 2014, 01:41:28 PM |
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In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.
In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.
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dreamspark
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April 26, 2014, 01:42:25 PM |
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Because he's pleading guilty.
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calmindifference
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April 26, 2014, 01:48:31 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho. First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future. China and Mt Gox aren't over yet, they both have some way to run.
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dreamspark
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April 26, 2014, 01:49:23 PM |
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Because he's pleading guilty. Ah okay got it. Small tip for all you drugs entrepreneurs out there: may be traveling to or residing in the US is a bad idea Im fairly sure thats why but reading it again its a bit more ambiguous "In addition to that, federal agents are asking to keep the $3,030,000-worth of Bitcoins that the government collected from Slomp, and which have already been converted into cash." That makes it sound like maybe they did convert it to cash before he said he would plead guilty. Perhaps its because he's not a US citizen then.
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boumalo
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April 26, 2014, 01:52:14 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho. This is a scary chart but we can break those lines and resume the bull market if everyone get excited again
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ShroomsKit
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April 26, 2014, 01:54:09 PM |
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There may be a turnaround at or below 200$. So there's still enough space to the downside, imho. First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future. China and Mt Gox aren't over yet, they both have some way to run. Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.
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ChartBuddy
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April 26, 2014, 02:00:35 PM |
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rpietila
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April 26, 2014, 02:02:52 PM |
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Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.
Perhaps it does, but that is only possible because there is so little determination with the buyers. As long as they wait, the price stays low. When they start to pre-empt each other, it rises. It may ( and likely will) take months before it happens. The bottom, however, is established here, it is not $200. Every week brings more certainty to that. With $100 million of new money who are not satisfied with anything else but Bitcoins, the market would be $100 or so higher. With $1 billion, we would be nearing ATH. In our runup to $5,000, about $6 billion of fresh money need to be invested. None of us has this money. It is the new generation. If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.
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F-bernanke
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April 26, 2014, 02:16:29 PM |
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looks like huobi started a pump again.
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ShroomsKit
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April 26, 2014, 02:19:08 PM |
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Why are we following a dying exchange? Why did we do that with Gox and now with Huobi? Once Huobi is gone will we start looking for another clusterfuck exchange so we can follow it?
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ShroomsKit
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April 26, 2014, 02:19:49 PM |
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looks like huobi started a pump again.
Guess what comes after the pump.
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wachtwoord
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April 26, 2014, 02:20:59 PM |
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Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.
Perhaps it does, but that is only possible because there is so little determination with the buyers. As long as they wait, the price stays low. When they start to pre-empt each other, it rises. It may ( and likely will) take months before it happens. The bottom, however, is established here, it is not $200. Every week brings more certainty to that. With $100 million of new money who are not satisfied with anything else but Bitcoins, the market would be $100 or so higher. With $1 billion, we would be nearing ATH. In our runup to $5,000, about $6 billion of fresh money need to be invested. None of us has this money. It is the new generation. If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection. Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?
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F-bernanke
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April 26, 2014, 02:24:07 PM |
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Why are we following a dying exchange? Why did we do that with Gox and now with Huobi? Once Huobi is gone will we start looking for another clusterfuck exchange so we can follow it?
Good point.
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