Davyd05
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August 09, 2014, 09:12:30 AM |
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I hope it goes to 470 to give a gleaning point.
490 usd is my avg buy in.. 470 means I have to exhaust fiat cannons. However I can't see that happening.. it would be a really organized manipulation at this point.. the market seems really stuck in this band.
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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August 09, 2014, 09:17:51 AM |
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Looking good. I mean, for those people who are wanting to buy.
Yeah, looking like it. 100% retrace and then some on that pump. I guess it was just a short squeeze after all. Damn..... life of a bagholder. What kind of a bag holder are you? Hopefully BTC!!! Much better to be in BTC than in fiat... just need a little patients.. could be one day or could be six months. Yet, in the end, it is going to be better to be a "bag holder," so long the bag that your holding contains BTC rather than fiat.
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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August 09, 2014, 09:20:29 AM |
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Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet. hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct! do you have the means to check this? If so I would like to kindly ask you to do so. +1... I would like to second that and to "kindly ask" you to check into the matter.... and report back to us...
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 09, 2014, 09:59:47 AM |
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BowieMan
Full Member
Offline
Activity: 154
Merit: 100
Is there life on Mars?
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August 09, 2014, 10:26:07 AM |
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I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
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JayJuanGee
Legendary
Online
Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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August 09, 2014, 10:39:27 AM |
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I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north! Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news. I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities?
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Wandererfromthenorth
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August 09, 2014, 10:47:03 AM |
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I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north! Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news. I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities? Look at my pic. If we fail to breakout next week a fall into the 460-470 is possible. Not right away (it will bounce here and there at various support points), but in a few weeks time probably will. If we fail to breakout next week that is. Fundamentals: recent news were good (Dell, etc), but I'm afraid the Bitlicense might have scared a lot of people. Also, the volume during the june rebound was generally low and it was all kinda weak. Next week we'll see.
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tarmi
Legendary
Offline
Activity: 1218
Merit: 1010
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August 09, 2014, 10:49:27 AM |
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I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north! Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news. I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities? big miners sell no matter what. they will sell it for 300 if needed to cover the electricity.
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JorgeStolfi
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August 09, 2014, 10:54:59 AM |
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I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible...
If anyone would explain why it went up from 450$ to 650$ between May/20 and Jun/06, then we could begin to discuss what could cause it to drop back again. Or whether it is possible that it will do what it already did on Apr/11.
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 09, 2014, 10:59:48 AM |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 09, 2014, 11:59:50 AM |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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August 09, 2014, 12:03:07 PM |
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I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible...
If anyone would explain why it went up from 450$ to 650$ between May/20 and Jun/06, then we could begin to discuss what could cause it to drop back again. Or whether it is possible that it will do what it already did on Apr/11. Still not happy with the 'built up buying pressure from earlier sell-offs plus confidence from phase of relative stability plus naked eye evidence of buying support for mid-400 prices' explanation, huh?
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JorgeStolfi
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August 09, 2014, 12:14:00 PM |
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Still not happy with the 'built up buying pressure from earlier sell-offs plus confidence from phase of relative stability plus naked eye evidence of buying support for mid-400 prices' explanation, huh?
You mean an 'it is raining because drops of water are falling from the sky' kind of explanation?
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akujin
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August 09, 2014, 12:18:04 PM |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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August 09, 2014, 12:18:25 PM |
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Still not happy with the 'built up buying pressure from earlier sell-offs plus confidence from phase of relative stability plus naked eye evidence of buying support for mid-400 prices' explanation, huh?
You mean an 'it is raining because drops of water are falling from the sky' kind of explanation? Almost, prof. More like 'market price being a function of human cognitive process output, so it's futile to look for more "objective" causes'.
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Equate
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August 09, 2014, 12:20:50 PM |
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Chances of that are very less , we haven't even seen under $400 for last few months
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akujin
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August 09, 2014, 12:30:28 PM |
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Chances of that are very less , we haven't even seen under $400 for last few months Why not. 2015 is still months away..
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anujjain
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August 09, 2014, 12:43:31 PM |
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lol, you want price will reduce to 50%, do you know the effect of 50% down.
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akujin
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August 09, 2014, 12:50:21 PM |
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inca
Legendary
Offline
Activity: 1176
Merit: 1000
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August 09, 2014, 12:55:26 PM |
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Price is fairly stable. Bears come out and try to talk people into selling by predicting a fall down to 3xx and 4xx. Hrmph.
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