Buffer Overflow
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Merit: 1015
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July 28, 2014, 03:31:14 PM |
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The next 24 hours will determine the future of cryptocurrency for the next decade.
Why what's happening? |
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 28, 2014, 03:31:21 PM |
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so far, technicals point to a pretty crappy outcome.
I place little faith in technicals.... but they do look like shit right?
560 seems likely
altho we did paint a double bottom on similar volume on the 26th...
maybe this is the higher lower being painted.
one thing seems clear sellers are in control.
technicals change quickly. now we're seeing more volume on the bounce back then there was on the init. drop below 575. smells more and more like a bear trap.  |
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InstantBitcoin
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Activity: 84
Merit: 10
+░░+Legendary Bitcoiner+░░
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July 28, 2014, 03:35:47 PM |
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so far, technicals point to a pretty crappy outcome.
I place little faith in technicals.... but they do look like shit right?
560 seems likely
altho we did paint a double bottom on similar volume on the 26th...
maybe this is the higher lower being painted.
one thing seems clear sellers are in control.
technicals change quickly. now we're seeing more volume on the bounce back then there was on the init. drop below 575. smells more and more like a bear trap. rumour has it ~ the London fix debacle will push us much higher! imho  |
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minerpumpkin
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July 28, 2014, 03:36:06 PM |
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smells more and more like a bear trap.
108 BTC @ $581, let's hope this rebund doesn't turn into a full blown bull trap!  |
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abercrombie
Legendary
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Activity: 1159
Merit: 1001
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July 28, 2014, 03:36:39 PM |
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The next 24 hours will determine the future of cryptocurrency for the next decade.
Why what's happening? I'm being a bit overly dramatic but...  Bitfinex has millions leveraged over $600. They need to do automated margin calls or rollbacks on leveraged trades. That means further selling or erasing the bad trade and pretending it never happened. Bitfinex has been rolling back bad trades lately but they can't do that forever. |
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magicmexican
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July 28, 2014, 03:37:30 PM |
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Holy shit :O I am glad your dog is fine now |
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dreamspark
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July 28, 2014, 03:40:58 PM |
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smells more and more like a bear trap.
108 BTC @ $581, let's hope this rebund doesn't turn into a full blown bull trap! Nope, that got dispatched fairly quickly. Seems there is still plenty of selling pressure and the dumpers aren't done yet. |
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ShroomsKit
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July 28, 2014, 03:41:22 PM |
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Next stop 550. I sold again.
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 28, 2014, 03:41:43 PM |
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so far, technicals point to a pretty crappy outcome.
I place little faith in technicals.... but they do look like shit right?
560 seems likely
altho we did paint a double bottom on similar volume on the 26th...
maybe this is the higher lower being painted.
one thing seems clear sellers are in control.
technicals change quickly. now we're seeing more volume on the bounce back then there was on the init. drop below 575. smells more and more like a bear trap. rumour has it ~ the London fix debacle will push us much higher! imho its bearish for silver... altho silver bugs saw it as bullish " finally price manipulation is over " silver is a direct competitor to bitcoin in the alt currency / store of value market. what's bad for silver is good for bitcoin. I believe it. |
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Patel
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Activity: 1321
Merit: 1007
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July 28, 2014, 03:44:45 PM |
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I have a feeling we are going down. We still have another 4-5 months before ATH. The longer the better imo.  You got a source for that 4-5 months part? Or did you just make that up? Actually i think i know the answer already. Can you read the part where it says I have a feeling? Or you blind? ===== Unless something like ETF gets approved, or some big news hits the media I think we will go sideways for a bit. Big players are waiting for regulation, Bitlicense guidelines will probably be released for comments early July, and like they said 60-90 days after is when they will start issuing the licenses, and will be a regulated environment. I think once all that gets finished, we will be looking at new ATH late 2014, early 2015. Nailed it a month ago |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 28, 2014, 03:45:22 PM |
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Next stop 550. I sold again.
wow even bulls are dumping here clearly a buying opportunity |
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BitcoinMillionaire
Full Member
Offline
Activity: 168
Merit: 100
Bling Bling
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July 28, 2014, 03:47:45 PM |
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Next stop 550. I sold again.
wow even bulls are dumping here clearly a buying opportunity Haha, he's just caught in some weird schizophrenic mood swings. Bull the one second, Bear the next. Like his Avatar, neither dog nor pigeon (what IS that thing???)! Also trades on emotions, not good! Hehe |
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madmat
Legendary
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Activity: 966
Merit: 1000
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July 28, 2014, 03:48:12 PM |
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Next stop 550. I sold again.
You are going to lose your two coins if you continue like it. Day trading is not for impatient people. |
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ShroomsKit
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July 28, 2014, 03:49:23 PM |
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I have a feeling we are going down. We still have another 4-5 months before ATH. The longer the better imo. You got a source for that 4-5 months part? Or did you just make that up? Actually i think i know the answer already. Can you read the part where it says I have a feeling? Or you blind? ===== Unless something like ETF gets approved, or some big news hits the media I think we will go sideways for a bit. Big players are waiting for regulation, Bitlicense guidelines will probably be released for comments early July, and like they said 60-90 days after is when they will start issuing the licenses, and will be a regulated environment. I think once all that gets finished, we will be looking at new ATH late 2014, early 2015. Nailed it a month ago You nailed what 1 month ago? That at 1 point we would be going down? Wow...amazing. |
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hmmkay
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July 28, 2014, 03:50:24 PM |
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Well I was right once, lets see..
600+ within 24h.
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vuduchyld
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July 28, 2014, 03:52:31 PM |
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sniff sniff...nibble nibble.
Yummy! I hadn't nibbled in months! New coin tastes delicious!
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BitcoinMillionaire
Full Member
Offline
Activity: 168
Merit: 100
Bling Bling
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July 28, 2014, 03:52:47 PM |
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Well I was right once, lets see..
600+ within 24h.
If you indeed have some magic abilitiez, maybe you should summon up an even higher price!!! What about $2500?  |
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fonsie
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July 28, 2014, 03:55:16 PM |
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Next stop 550. I sold again.
wow even bulls are dumping here clearly a buying opportunity Haha, he's just caught in some weird schizophrenic mood swings. Bull the one second, Bear the next. Like his Avatar, neither dog nor pigeon (what IS that thing???)! Also trades on emotions, not good! Hehe Throwing pennies around, I wouldn't exactly call that trading, he's just trying to put his 2 BTC in somebody else his cold storage. |
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hmmkay
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July 28, 2014, 03:56:14 PM |
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Well I was right once, lets see..
600+ within 24h.
If you indeed have some magic abilitiez, maybe you should summon up an even higher price!!! What about $2500? Maybe next week |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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July 28, 2014, 03:58:36 PM |
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assuming market goes for the most unexpected outcome, the poll seems to indicate "It will bounce back and hold around 590"
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Poll
