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FNG
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July 17, 2014, 03:27:07 PM |
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But...can somebody tell me why out of all news recently this is bullish?
Snowball Waiting for the next wave of buyers after they missed the first wave. Any decent buys will trigger another $15+ rise |
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Asrael999
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July 17, 2014, 03:31:21 PM |
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Airliner just went down (reportedly either crashed or shot down) on the Ukraine/Russia border - 295 passengers on board - timing coincides with the buying of coins.
Probably nothing to do with it - but tension between Ukraine and Russia building,
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ShroomsKit
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July 17, 2014, 03:32:08 PM
Last edit: July 17, 2014, 03:45:07 PM by ShroomsKit |
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Not much of a rally. They kinda suck nowadays  |
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Erdogan
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Activity: 1512
Merit: 1005
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July 17, 2014, 03:32:27 PM
Last edit: July 17, 2014, 04:16:34 PM by Erdogan |
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I used to say: "If Bitcoin fails (goes to 0), it was an accidental ponzi" you have to give them some credit, it's not far from the truth In a pyramid, it is clear to everybody that the game ends when the world runs out of suckers. They just underestimate the speed, they are not used to thinking in exponential functions. We do not have that, as we expect the value to basically flat out in the end. Edit: Ponzi -> pyramid |
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wobber
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July 17, 2014, 03:33:40 PM |
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But...can somebody tell me why out of all news recently this is bullish?
Snowball Waiting for the next wave of buyers after they missed the first wave. Any decent buys will trigger another $15+ rise So price got up some 10 USD and everyone thinks it will go to the moon again? I would be impressed if 650 within the hour. 'Dat would be something |
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Erdogan
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July 17, 2014, 03:34:32 PM |
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Lift off everywhere except for Stamp Traders at Stamp has bought thousands of coins in the $610 area, but these same traders seem more or less uninterested in moving the price up above this level.  Why should they? If they would snap up all selling pressure on this level, price would move up by other buyers... Maybe I'm a bit too impatient. The breakout on the Chinese exchanges looks pretty solid and Finex is not looking too shabby either. I'm hoping for $628 and will be impressed if we go beyond. We went past $628. I am officially impressed Come on bitstamp, you can do better! |
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empowering
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July 17, 2014, 03:35:17 PM |
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Airliner just went down (reportedly either crashed or shot down) on the Ukraine/Russia border - 295 passengers on board - timing coincides with the buying of coins.
Probably nothing to do with it - but tension between Ukraine and Russia building,
fubar |
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hyphymikey
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July 17, 2014, 03:36:38 PM |
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Idiot Manipulator should start dumping any minute now.
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ShroomsKit
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July 17, 2014, 03:45:56 PM |
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But...can somebody tell me why out of all news recently this is bullish?
Snowball Waiting for the next wave of buyers after they missed the first wave. Any decent buys will trigger another $15+ rise So price got up some 10 USD and everyone thinks it will go to the moon again? I would be impressed if 650 within the hour. 'Dat would be something I think this was it. Dumpers will soon take over again. |
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wachtwoord
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July 17, 2014, 03:51:03 PM |
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It seems someone wanted coins.
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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July 17, 2014, 03:52:22 PM |
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+$10. Nice rally  |
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kireinaha
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July 17, 2014, 03:58:44 PM |
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Why's everyone selling!???
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 17, 2014, 04:00:17 PM |
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dropt
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Activity: 1512
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July 17, 2014, 04:01:35 PM |
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Why's everyone selling!???
How else are they going to make $52.93 today? |
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jeezy
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Merit: 1010
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July 17, 2014, 04:04:44 PM |
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Well that didn't quiet hit the mark. Let's try again now, shall we?
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CoinsCoinsEverywhere
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July 17, 2014, 04:09:36 PM |
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Its not really news, its the same anti money laundering requirements as any financial service and most exchanges already comply with it. As far as I can see merchants and normal users aren't required to jump through those hoops so its not hindering uptake for mainstream adoption. EDIT: ...
Bitcoin is not a ponzi scheme. Period. People have been throwing that word around way too much since the Madoff case. By definition, a ponzi scheme has a single person or entity through which all the funds flow. That is obviously not true of bitcoin. It amazes me (although perhaps it shouldn't) that someone associated with the world bank would be so sloppy.
Bitcoin is a Bubblicious ponzi scheme! buy Buy BUY!  Lol Ok, Ponzi is just plain wrong but reverse pyramid is accurate. I'm not really sure how it's a pyramid or inverted/reverse pyramid scheme, either. Could you please explain? And btw, the reason I'm being nit-picky about such terminology is because of the connotations that go with it. "Ponzi," "pyramid scheme," and for that matter, just "scheme," are very negative. Maybe Satoshi Nakamoto created bitcoin to be some sort of elaborate scheme, but that's becoming less likely as it gains acceptance and trades freely in open markets, if for no other reason than that it would be more profitable to slowly sell off his stash than, say, dump all of it on the open market and crash it. |
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notme
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July 17, 2014, 04:39:07 PM |
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...
I'm not really sure how it's a pyramid or inverted/reverse pyramid scheme, either. Could you please explain?
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There's more important stuff going on at the mo but whatever. In a pyramid lots of people lose out and a small number gain so in a reverse pyramid a small number lose out to the gain of many. Why not just call it a wealth distribution mechanism? |
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SirChiko
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Merit: 1000
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July 17, 2014, 04:47:04 PM |
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Atleast we are back to 630 and it didn't take big volume.
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MoreFun
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Activity: 1008
Merit: 1003
WePower.red
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July 17, 2014, 04:47:46 PM |
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Atleast we are back to 630 and it didn't take big volume.
And what does this tell you? |
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