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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JayJuanGee
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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
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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
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 09, 2014, 09:59:47 AM |
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BowieMan
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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
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Activity: 3878
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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
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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
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August 09, 2014, 10:59:48 AM |
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ChartBuddy
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August 09, 2014, 11:59:50 AM |
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oda.krell
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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
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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
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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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