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fred1111
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July 24, 2014, 01:47:58 PM |
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Finally we can get through the long squeeze. Get ready for the flash crash bitfinex  +1 Not sure how low this can go though, lots of buyers lined up. I for sure am one of them. |
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NamelessOne
Legendary
 Offline
Activity: 840
Merit: 1000
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July 24, 2014, 01:48:30 PM |
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This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them. |
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numisma
Member
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Activity: 61
Merit: 10
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July 24, 2014, 01:49:52 PM |
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This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Only ~700 coins back up to $620, it could rebound fast. Edit: 567 now Exactly, the amount of money on exchanges based on the amount of BTC being sold today, at the moment can flash us back much higher in an instant. No way to get that much coins back for the dumpers either.. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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July 24, 2014, 01:51:04 PM |
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This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them. Or they actually sold. You know, without the anticipation to buy lower?  |
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numisma
Member
Offline
Activity: 61
Merit: 10
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July 24, 2014, 01:54:02 PM |
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This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them. Or they actually sold. You know, without the anticipation to buy lower? Who'd want to sell at this stage without buying back in? I mean, with all the good plans/news regarding BTC for the next year? |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 24, 2014, 02:00:10 PM |
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dnaleor
Legendary
Offline
Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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July 24, 2014, 02:01:44 PM |
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 This is the last support line. If we are trading below it (no spikes above) than I think the next Rally will be delayed for a few weeks or even months.  |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 24, 2014, 02:02:20 PM |
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wow sooo.... hows everything doing today  |
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minerpumpkin
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July 24, 2014, 02:03:37 PM |
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Quick question: We have some decent support at 605 on Stamp. Will it hold or will we eat right through that?
How exactly do you expect anyone to know the answer to this? I just wanted people to speculate. This is, after all, a price movement & discussion thread in the... Speculation forum! |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 24, 2014, 02:05:37 PM |
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is the market trading some news?
or this is good old fashion bear trapping
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Timmmaahh
Member
Offline
Activity: 98
Merit: 10
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July 24, 2014, 02:06:15 PM |
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no worries guys.. the price will bounce back to 620 in 2-3 hours
its just the exchanges makeing fake buys/sell to spread FUD to generate some fees ;-)
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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July 24, 2014, 02:08:12 PM |
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Moria843
Sr. Member
Offline
Activity: 442
Merit: 250
Found Lost beach - quiet now
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July 24, 2014, 02:08:31 PM |
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I'm buying a few more BTC. I think good time to buy if you have some dry powder.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 24, 2014, 02:10:47 PM |
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I'm buying a few more BTC. I think good time to buy if you have some dry powder.
i would but virtex hardly flinched, and now seem stamps is recovering quickly, catching cheap coins is harder than it looks. |
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CoinsCoinsEverywhere
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July 24, 2014, 02:14:36 PM |
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This sure looks wierd. Whoever started the dump from cca $620 can't get back in at the moment, as there are far less sell orders to take us back than the amount that's been dumped since then. Someone is going to get burned hard IMO.
Probably had their bids preplanned and placed already awaiting others to panic and sell into them. Or they actually sold. You know, without the anticipation to buy lower? Who'd want to sell at this stage without buying back in? I mean, with all the good plans/news regarding BTC for the next year? How about people who are trying to pay off all their new mining equipment? Profit margins are pretty small these days. |
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ErisDiscordia
Legendary
Offline
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
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July 24, 2014, 02:16:34 PM |
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THAT Discussion I heard DMT makes your body secretes the same molecules in your brain as when you are about to die (ie. its kind of an NDE). Watched the movie called ENTER THE VOID and its pretty sick. I never did it tho but on the same level, i'd pretty much like to go in the amazonia visit a tribe there and hunt for that silly magic toad. Some interior trip i've put on my bucket list for when i'm making my 40 yo crisis   anyho, tripping hard on bitcoin for now ^^ you might be better served with Ayahuasca instead of the toad. |
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r0ach
Legendary
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Activity: 1260
Merit: 1000
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July 24, 2014, 02:20:01 PM |
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This post explains what happened to the BTC price today: Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.
Says who? There's no law requiring this. The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want.    |
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mmitech
Legendary
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Activity: 1148
Merit: 1001
things you own end up owning you
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July 24, 2014, 02:20:07 PM |
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there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 24, 2014, 02:24:35 PM |
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This post explains what happened to the BTC price today: Horseshit. Your private BTC would end up with the rest of the development funds that must be used on that and that alone.
Says who? There's no law requiring this. The user agreement says they don't even have to deliver a product at all and can take the money and buy crack rocks with it if they want. lmao I met that guy in 2012, came down from Ottawa to montreal for the first bitcoin meetup in montreal, we all had a blast smoking crack rocks. |
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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July 24, 2014, 02:25:13 PM |
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there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.
With making money I always think about BTC. For everything else there is something called FIAT. not everyone think like you, I think how much Bitcoin could make me in fiat in which I would invest somewhere else... |
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