falllling
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Activity: 112
Merit: 10
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September 08, 2014, 07:09:04 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! |
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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mooncake
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September 08, 2014, 07:17:30 AM |
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2 ask walls are observed at Stamp: 571.35BTC at 470.79 and at 599.62BTC at 470.8.
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mooncake
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September 08, 2014, 07:18:13 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! Down to what price? |
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wachtwoord
Legendary
Offline
Activity: 2324
Merit: 1125
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September 08, 2014, 07:20:00 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! Down to what price? This is fallllllllllling. Down to minus infinity .... and beyond. |
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falllling
Member
Offline
Activity: 112
Merit: 10
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September 08, 2014, 07:20:24 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! Down to what price? to the final capitulation! to where it came from! at least bitcoin will test $1 again! |
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mooncake
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September 08, 2014, 07:27:16 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! Down to what price? to the final capitulation! to where it came from! at least bitcoin will test $1 again! When will that happen? |
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falllling
Member
Offline
Activity: 112
Merit: 10
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September 08, 2014, 07:29:31 AM |
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Chinese Holiday for their Monday & Tuesday to start off the week so banks are closed, no new money pumping into Bitfinex until after the holiday.
Tuesday, Apple releases iPhone and their new payment system.
Possible uncertainty until Tuesday.
I'd be surprised if any of this had significant effect on the price in the short term. The most important thing to remember is that we are in a strong technical down trend on longer term time frames -- until that breaks.... more of the same. Sideways/down. agreed, bitcoin is going to nowhere but down, dead cat bounces or sideways won't last long, down is the onlyway bitcoin is over-price too much! Down to what price? to the final capitulation! to where it came from! at least bitcoin will test $1 again! When will that happen? step by step, $300 first then $200 $100 .. $10 .. this is the yearly bitcoin chart, check the drop rate yourself and find out when will we reach $1  |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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September 08, 2014, 07:37:59 AM |
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Time to cut your loose!
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rebuilder
Legendary
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Activity: 1615
Merit: 1000
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September 08, 2014, 07:43:16 AM |
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I have to say, ever since I started ignoring not just the trolls, but the people who insist on quoting the trolls, reading this thread got a lot quicker!
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mooncake
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September 08, 2014, 07:43:31 AM |
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Down to what price?
to the final capitulation! to where it came from! at least bitcoin will test $1 again! When will that happen? step by step, $300 first then $200 $100 .. $10 .. this is the yearly bitcoin chart, check the drop rate yourself and find out when will we reach $1 Mar to now seems pretty flat. Middle of Apr is when the lowest price occurs. We are not seeing lower low. Although you are fallllllling, please get the facts right. Show more convincing evidence! |
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DutchTrades
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September 08, 2014, 07:44:39 AM |
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I realy tought we could brake 490 tonight
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mooncake
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September 08, 2014, 07:45:08 AM |
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I have to say, ever since I started ignoring not just the trolls, but the people who insist on quoting the trolls, reading this thread got a lot quicker!
Why do trolls want to be trolls? What is their motivation? Too much time and don't know what to do with it?  |
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falllling
Member
Offline
Activity: 112
Merit: 10
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September 08, 2014, 07:47:14 AM |
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Down to what price?
to the final capitulation! to where it came from! at least bitcoin will test $1 again! When will that happen? step by step, $300 first then $200 $100 .. $10 .. this is the yearly bitcoin chart, check the drop rate yourself and find out when will we reach $1 Mar to now seems pretty flat. Middle of Apr is when the lowest price occurs. We are not seeing lower low. Although you are fallllllling, please get the facts right. Show more convincing evidence! we will soon break the lowest price in Apr |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 08, 2014, 07:59:13 AM |
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bizz
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September 08, 2014, 08:00:38 AM |
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Shorting EUR, GOLD & BTC. Buying USD & equities.
Seems like Bitcoin is following gold - just more violently.
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Sandia
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September 08, 2014, 08:06:46 AM |
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40% of the volume this hour on Bfx is newly opened shorts.
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ShroomsKit
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September 08, 2014, 08:13:56 AM |
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We must be experiencing the lowest buying pressure ever.
The general public completely lost interest in Bitcoin.
I think we are at a point where it's safe to say Bitcoin failed.
If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
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falllling
Member
Offline
Activity: 112
Merit: 10
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September 08, 2014, 08:23:01 AM |
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We must be experiencing the lowest buying pressure ever.
The general public completely lost interest in Bitcoin.
I think we are at a point where it's safe to say Bitcoin failed.
If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
agreed bitcoin is going to it's final capitulation, stop fooling people to buy! |
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Sandia
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September 08, 2014, 08:24:06 AM |
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If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
The price rising above the ATH. Suddenly, 2014 would just look like a long consolidation after the November bubble. Newbies would be adopting again and the future would look great. Unfortunately, I can't see a way to get back to the ATH. |
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bizz
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September 08, 2014, 08:27:09 AM |
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We must be experiencing the lowest buying pressure ever.
The general public completely lost interest in Bitcoin.
I think we are at a point where it's safe to say Bitcoin failed.
If you can give me a good reason why suddenly many people will be interested again and will start buying then feel free to do so.
If you take a good look back when was the real first interest in Bitcoin it was on Cyprus banking crisis. Everything after that was speculative frenzy. Everything before that were geeks & silkroad. I don't see Cyprus like crisis anytime soon (next 12 months). US will hold on printing while EU is just starting the print machine. Maybe if Putin goes nuts it can all change in one day. |
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