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CEG5952
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July 27, 2014, 12:10:15 PM |
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I think we're hitting bottom at the $590 level. OBV and Accumulation/Distribution have broken their down trends and 4hr indicators are all quite low w/ bullish divergences. Bears could always show up again, but it's looking exhausted, and we're sitting on very strong support (38.2% retrace of May rally, 100 Daily EMA)
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inca
Legendary
 Offline
Activity: 1176
Merit: 1000
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July 27, 2014, 12:18:54 PM |
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Thoughts regarding apple joining forces with visa for iwallet on iPhone six (released this fall)?
My first thought was this was bitcoin bearish. But apple mobile market share of handsets is not what it once was, not all iphone users or merchants will sign up to this. That said it will perhaps for the first time start what is long overdue, the use of a mobile as a wallet and payment device by the masses. This amongst the first steps to the disappearance of the conventional 'card'.
Overall this may widen the appeal of bitcoin especially among tech savvy youth as the idea your phone carrying money becomes commonplace.
Circle/coinbase/blockchain.info take note!
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WillyBTC
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July 27, 2014, 12:47:32 PM |
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Yo I heard the price of bitcoin is gonna go down. What you guys think? Cheap coins soon?
If you are *the* Willy, you could do something about it. LOL, didn't put two and two together until now. Unfortunately, I don't have the phantom funds to pump with.  |
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Sandia
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July 27, 2014, 12:58:41 PM |
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The bid to ask ratios are incredibly favorable on Bitfinex and Bitstamp. This is an odd market.
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 01:00:03 PM |
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Sandia
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July 27, 2014, 01:04:17 PM |
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Here we go, almost back to 7777. Too bad some post whale will slam us back down to 6666.
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abercrombie
Legendary
Offline
Activity: 1159
Merit: 1001
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July 27, 2014, 01:17:10 PM
Last edit: July 27, 2014, 01:57:15 PM by abercrombie |
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Just my thoughts, seems like the market is shrugging off good news & just waiting for any bad news to shake the tree down to $550.
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bananaControl
Sr. Member
Offline
Activity: 322
Merit: 250
Decentralize All The Things!
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July 27, 2014, 01:19:51 PM |
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Thoughts regarding apple joining forces with visa for iwallet on iPhone six (released this fall)?
My first thought was this was bitcoin bearish. But apple mobile market share of handsets is not what it once was, not all iphone users or merchants will sign up to this. That said it will perhaps for the first time start what is long overdue, the use of a mobile as a wallet and payment device by the masses. This amongst the first steps to the disappearance of the conventional 'card'.
Overall this may widen the appeal of bitcoin especially among tech savvy youth as the idea your phone carrying money becomes commonplace.
Circle/coinbase/blockchain.info take note!
This is nothing but yet another extension to a huge inefficient propertarian centralized dinosaur system. It threatens the core of bitcoin in no way at all. Even if it gains a lot of success amongst ordinary people paying for new iPhones, it really doesn't matter in the long run in any way. Bitcoin is not ready for a large scale consumer adoption as a currency yet. First we had the geeks embracing bitcoin, next we will see the financial infrastructures being replaced, and then maybe bitcoin will be adopted as a secondary currency by ordinary people. |
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Sandia
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July 27, 2014, 01:20:41 PM |
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I obviously like talking to myself, or I am conspiring to get Senior Member status.
Over $700K in USD swaps demanded on Bitfinex on the first page alone. That is 1100 coins, enough to take us to 610 if no one cancels their asks in front of the tidal wave.
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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July 27, 2014, 01:26:58 PM |
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The MtGox crash was an enormously beneficial event, because it illustrates perfectly the policy of the central bank of bitcoin: keep the money supply fixed whatever happens.
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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July 27, 2014, 01:29:43 PM |
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And guys (and girls if you take responsibility for yourselves and not glue yourself around the foot of someone): Everybody should know about http://nakamotoinstitute.org. Hyperbitcoinization - thats a new one. |
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 02:00:07 PM |
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 03:00:04 PM |
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 04:00:03 PM |
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findftp
Legendary
Offline
Activity: 1022
Merit: 1008
Delusional crypto obsessionist
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July 27, 2014, 04:02:12 PM |
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Oh no! Three times chart buddy in a row! This doesn't look good! |
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 05:00:07 PM |
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NewLiberty
Legendary
Offline
Activity: 1204
Merit: 1002
Gresham's Lawyer
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July 27, 2014, 05:04:47 PM |
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The quiet before the storm...
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Sandia
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July 27, 2014, 05:14:16 PM |
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The quiet before the storm...
And the dump (and post dump) continues. Almost back to 592 and 7775. |
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ChartBuddy
Legendary
Offline
Activity: 2240
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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July 27, 2014, 06:00:03 PM |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 27, 2014, 06:04:25 PM |
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... no use fighting the inevitable poeple
onward!
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