BowieMan
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Activity: 154
Merit: 100
Is there life on Mars?
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August 08, 2014, 06:17:50 PM |
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Today is a good day for some wall observing... walls, walls everywhere...
Indeed. It is a sign of a good weekend. Mark my words that this weekend wont be flat and boring. This weekend I am 99.9% sure we will end up @$>600.  Where did you get that gif from? But you're right, I also don't think that this weekend is going to give us prices above $ 600... At least not significant bumps up. I'll be content if we stay in the $ 590s or even $ 580s... |
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findftp
Legendary
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Activity: 1022
Merit: 1012
Delusional crypto obsessionist
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August 08, 2014, 06:40:07 PM |
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We should post more.
The moment we are at page 8888 it's CCMF
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fonzie
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August 08, 2014, 06:45:09 PM |
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Mini wall detected! BTC-e 202BTC @ 587$
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BowieMan
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Activity: 154
Merit: 100
Is there life on Mars?
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August 08, 2014, 06:51:25 PM |
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Mini wall detected! BTC-e 202BTC @ 587$
Ah on the bid side? I thought we'd only see walls on the ask side today. If we're looking purely at all those walls, I guess we're rather going down than up over the weekend. Let's hope we don't fall to much and maybe even be in for a small choo choo sunday night! |
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seljo
Legendary
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Activity: 1179
Merit: 1014
Hodling since 2011.®
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August 08, 2014, 06:53:54 PM |
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Today is a good day for some wall observing... walls, walls everywhere...
Indeed. It is a sign of a good weekend. Mark my words that this weekend wont be flat and boring. This weekend I am 99.9% sure we will end up @$>600. Where did you get that gif from? But you're right, I also don't think that this weekend is going to give us prices above $ 600... At least not significant bumps up. I'll be content if we stay in the $ 590s or even $ 580s... That is from Attack on Titan as I remeber... |
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Dump3er
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August 08, 2014, 06:54:03 PM |
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We should post more.
The moment we are at page 8888 it's CCMF
I will accumulate a shitload of postings before. All fulfilled with nonsense trollshit, of course. But maybe lol-atility will stop before we reach 8888, so it could be more important to dump BTC than postings at this point. |
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bassclef
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August 08, 2014, 06:55:51 PM |
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Today is a good day for some wall observing... walls, walls everywhere...
Indeed. It is a sign of a good weekend. Mark my words that this weekend wont be flat and boring. This weekend I am 99.9% sure we will end up @$>600. Yeah, its looking good. Anything to support that? Why do you reckon we'll see good old $600+ times again over the weekend? All the latest weekends only brought us a slow but steady downtrend or at best stagnation, it seems! Well we broke out of a consolidation channel last night to the upside, so that's good. I've seen a lot of buying pressure but not enough to spring us upwards... Bitcoin's default direction is DOWN so it takes significant volume to break orbit. Which we haven't seen. Looking at the daily chart it could come any day now. The 3d RSI is oversold which is also interesting. Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though! Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends. |
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ChartBuddy
Legendary
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Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 08, 2014, 06:59:50 PM |
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BowieMan
Full Member
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Activity: 154
Merit: 100
Is there life on Mars?
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August 08, 2014, 07:00:35 PM |
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Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!
Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends. You mean a 3y chart??? But I see what you're talking about. Yeah, it definitely seems as if Bitcoin needs more buying pressure to confirm an continuing uptrend. Do you believe the 'weight' of the bitcoin market is getting heavier with an increased price or also an increasing number of Bitcoins in circulation (provoking a lower price) |
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Sandia
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August 08, 2014, 07:07:52 PM |
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Over $1M in new long swaps opened in the last 12 hours.
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spooderman
Legendary
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Activity: 1708
Merit: 1047
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August 08, 2014, 07:15:30 PM |
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ChartHero soon....
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bitcoinsrus
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August 08, 2014, 07:19:13 PM |
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ChartHero soon....
Name: ChartBuddy Posts: 10198 Activity: 462 Position: Sr. Member Is it based on activity or posts (count). Because if its post count, I think hes good enough |
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JimboToronto
Legendary
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Activity: 4494
Merit: 5813
You're never too old to think young.
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August 08, 2014, 07:23:37 PM |
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ChartHero soon....
Name: ChartBuddy Posts: 10198 Activity: 462 Position: Sr. Member Is it based on activity or posts (count). Because if its post count, I think hes good enough It's based on 14 points per every 2 week period in which a post has been made. Spamming the board with many posts does nothing. 480=hero |
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hyphymikey
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August 08, 2014, 07:25:39 PM |
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ChartHero soon....
Name: ChartBuddy Posts: 10198 Activity: 462 Position: Sr. Member Is it based on activity or posts (count). Because if its post count, I think hes good enough It's based on 14 points per every 2 week period in which a post has been made. Spamming the board with many posts does nothing. 480=hero This. So in 2-4 weeks it will be a hero. |
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edwardspitz
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August 08, 2014, 07:26:52 PM |
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ChartHero soon....
Name: ChartBuddy Posts: 10198 Activity: 462 Position: Sr. Member Is it based on activity or posts (count). Because if its post count, I think hes good enough I have noticed he doesn't use many words in his posts. But I guess we will have to celebrate our silent hero  |
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JimboToronto
Legendary
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Activity: 4494
Merit: 5813
You're never too old to think young.
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August 08, 2014, 07:27:17 PM |
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ChartHero soon....
Name: ChartBuddy Posts: 10198 Activity: 462 Position: Sr. Member Is it based on activity or posts (count). Because if its post count, I think hes good enough It's based on 14 points per every 2 week period in which a post has been made. Spamming the board with many posts does nothing. 480=hero This. So in 2-4 weeks it will be a hero. Ritchie is already a hero in my books. |
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fonzie
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August 08, 2014, 07:29:26 PM
Last edit: August 08, 2014, 07:49:34 PM by fonzie |
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Only 21000BTC left until we reach 6000$ on Bitstamp!!!!
15500BTC of them lay in front of 700$...
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BitcoinMillionaire
Full Member
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Activity: 168
Merit: 100
Bling Bling
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August 08, 2014, 07:32:41 PM |
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Only 21000BTC left untile we reach 6000$ on Bitstamp!!!!
15500BTC of them lay in front of 700$...
Hahah, YEAH man, that's the spirit! We just need some big whale guy who buys us all the way up into BTC-heaven! I think there are quite some people who could actually do that! |
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bassclef
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August 08, 2014, 07:36:57 PM |
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Really do you have some graphs to illustrate your findings? Why is Bitcoins default direction down? Do you think this is the case because we're in a downtrend or because new coins are being generated every 10 minutes? The adoption rate works against that, though!
Maybe that's confusing. But look at any 3d chart over a couple of years and you'll see that it goes down for longer periods of time than it goes up. I'm not saying that it's a negative, just a longer correction cycle to counter the enthusiasm of exponential growth spurts. Also in market theory it's more difficult for a stock to go up than down, the saying goes "markets fall on their own weight" so additional volume is needed to confirm uptrends. You mean a 3y chart??? But I see what you're talking about. Yeah, it definitely seems as if Bitcoin needs more buying pressure to confirm an continuing uptrend. Do you believe the 'weight' of the bitcoin market is getting heavier with an increased price or also an increasing number of Bitcoins in circulation (provoking a lower price) No, definitely a 3d chart, where one candle equals 3 days of price action. Then you can see multiple years on one page. A 3y bitcoin chart would only be what, one candle? Ha! No, I don't think it gets heavier, that's just an analogy as there is no "weight," just prices people are willing to buy/sell at. Each accumulation cycle sees exponentially more participants in the bitcoin economy, the coins are further distributed so demand increases which explains price support at higher and higher levels. |
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JayJuanGee
Legendary
 Online
Activity: 4200
Merit: 12866
Self-Custody is a right. Say no to "non-custodial"
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August 08, 2014, 07:49:34 PM |
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I like just looking at this thread every other week or something, but when I do that I tend to miss the last few hundred pages.
Ha, yeah most people come here when something big happens and the price moves - which it doesn't right now. But a lot of regulars just like to hang around here. It's somewhat like Cheers, "Sometimes you wanna go where everybody knows your name!" What about you Ensurance982? Your registration date in this forum is early 2013; however, your post count is pretty low. Nonetheless, in the last several weeks, I have seen a hundred posts from you.... . Maybe you are wanting to catch up to my post count?  You don't seem like a post dumper, but I suppose that could also explain a relatively low post count from you? |
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