Wandererfromthenorth
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October 04, 2014, 12:28:41 AM |
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The 266$ crash was actually wonderful, SR 1.0 still used 250$ for their price (due to the 24h avg. they used.) so that you could shop almost a full day for ~60-70% off.
I bought shitloads of Acid on that day, lol, as it was already to late for selling on the exchanges (<100$)
Acid from the SR <3 <3
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BitAddict
Legendary
Offline
Activity: 1190
Merit: 1001
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October 04, 2014, 12:29:13 AM |
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Most important thing:
Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?
why would bitcoin goes to 0$??? You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon. Yeah! And because in Africa they nearly don't have smartphones or internet they will use the rockchain Wait until they dump "all" their fiat to buy bitcoin. Jokes aside, Africa needs lot of development before they can consider buying or using bitcoin. Now it is only for lucky people with internet access.
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gnode
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October 04, 2014, 12:29:29 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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October 04, 2014, 12:30:57 AM |
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If bitcoin survises that fucking 2014 I'm happy enough.
we can only hope. Your posts in last days are really desperated... I miss your positivity like buy buy buy around $550 few hours before gox crash.
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 04, 2014, 12:33:21 AM |
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If bitcoin survises that fucking 2014 I'm happy enough.
we can only hope. Your posts in last days are really desperated... I miss your positivity like buy buy buy around $550 few hours before gox crash. lol! i can't help the way i feel... back then i felt like nothing could stop bitcoin my target was 3000$ remember me screaming in this thread during the US Senate meeting
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fonzie
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October 04, 2014, 12:34:39 AM |
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512BTC ask@2240@OKCoin.
Edit: now 610BTC
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gnode
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October 04, 2014, 12:35:19 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!!
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esse83
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October 04, 2014, 12:37:27 AM |
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Most important thing:
Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?
why would bitcoin goes to 0$??? You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon. The demand for black marketplaces has increased a lot since those times. So i guess it would probably stabilize around 30-50$. True, I stand corrected. Bitcoin has advanced and grown within that field. It is time to recognize that fact. Bitcoin is to purchase stuff you dont want your government to know about. Be it drugs or anythin else. That is why it will always have value (or be replaced). Good night!
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MoreFun
Legendary
Offline
Activity: 1008
Merit: 1003
WePower.red
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October 04, 2014, 12:38:45 AM |
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If bitcoin survises that fucking 2014 I'm happy enough.
we can only hope. Your posts in last days are really desperated... I miss your positivity like buy buy buy around $550 few hours before gox crash. lol! i can't help the way i feel... back then i felt like nothing could stop bitcoin my target was 3000$ remember me screaming in this thread during the US Senate meeting $180 in 7 business days wins it all hope it won't be true again
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 04, 2014, 12:39:00 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!! Can it really be that simple to figure out? Really? To the moon!!!!
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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October 04, 2014, 12:39:48 AM |
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Most important thing:
Will Silkroad switch to another coin if Bitcoin goes to 0$? Will it be Doge?
why would bitcoin goes to 0$??? You dear sir is right! It won't or shant go that low. The only (killer) argument to buy bitcon is to buy drugs. So it shall stabilise around $10 like it was for so long (the only true demand). But then again I could be wrong.. According to Adam Africa is buying BTC. We might indeed see $10k soon. The demand for black marketplaces has increased a lot since those times. So i guess it would probably stabilize around 30-50$. True, I stand corrected. Bitcoin has advanced and grown within that field. It is time to recognize that fact. Bitcoin is to purchase stuff you dont want your government to know about. Be it drugs or anythin else. That is why it will always have value (or be replaced). Good night! bitcoin means different things to different poeple. good night.
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Wandererfromthenorth
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October 04, 2014, 12:41:15 AM |
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Going to sleep.
See you all at a lower price tomorrow lel
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gnode
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October 04, 2014, 12:43:16 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!! Can it really be that simple to figure out? Really? To the moon!!!! The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off. maybe it just triggered it.
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BitChick
Legendary
Offline
Activity: 1148
Merit: 1001
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October 04, 2014, 12:45:40 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!! Can it really be that simple to figure out? Really? To the moon!!!! The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off. We like to attribute everything to news, but lately we have seen that news, even amazing news, doesn't move the price as much as we thought. It could have just been a strange coincidence. I am interested in seeing how this plays out. We should know by Monday at least.
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spooderman
Legendary
Offline
Activity: 1652
Merit: 1029
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October 04, 2014, 12:46:25 AM |
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Have Russia banned bitcoin then?
Also, this makes me love bitcoin soooo much more.
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gnode
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October 04, 2014, 12:49:36 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!! Can it really be that simple to figure out? Really? To the moon!!!! The big sell off was attributed to silk road being shut down but maybe that wasn't the real reason for the sell off. We like to attribute everything to news, but lately we have seen that news, even amazing news, doesn't move the price as much as we thought. It could have just been a strange coincidence. I am interested in seeing how this plays out. We should know by Monday at least. Looking at last year it, the price recovered to 124 in a few days, sat there for a week then boom!
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fonzie
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October 04, 2014, 12:50:34 AM |
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This time it´s different!
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JayJuanGee
Legendary
Offline
Activity: 3864
Merit: 11014
Self-Custody is a right. Say no to"Non-custodial"
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October 04, 2014, 12:52:56 AM |
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Okay here is a theory for comment.
What if a fund is cashing out for tax purposes because today is the end of the fiscal year?
In other words, window dressing?
If so, tomorrow or Monday they start buying it all back.
If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.
Question, would the fund, or business, or whoever is dumping before the fiscal year end buy back the following day? Can they wait until after 5:00PM or do they need to wait until midnight? I think there is definitely some validity to this theory. Bitchick: I believe that your leg is being pulled - there is no extension of the fiscal year... most of the time the end of the fiscal year is going to be September 30 for those businesses using October 1 as the beginning of their fiscal year. I know of no exceptions to this, and if someone is describing an exception, then cite the source - or explain. I do think that companies can set their own fiscal year, and ending the year in the middle of a week would probably not be the standard practice, so I would believe that there is some truth to this idea. Per Wikipedia: Some companies choose to end their fiscal year on the same day of the week, such day being the one closest to a particular date (for example, the Friday closest to 31 December). Last year big sell off on Bitstamp also occurred at end of fiscal year. Oct 1st was the day. Price went from $126 to $85 Then the huge rally started to 1250!!!!!! To save ambiguity, these days, unless specifying otherwise (which exchange you are referring to) we use the Bitstamp price here as the default quoted price. which was $1,163 as the previous ATH... NOT $1,250... you must be referring to some other exchange?
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gnode
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October 04, 2014, 12:54:16 AM |
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no cents on that 1163?
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gnode
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October 04, 2014, 12:57:08 AM |
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This time it´s different!
We shall see! Maybe it is same thing different year.
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