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Thomas-s
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October 05, 2014, 08:43:27 AM |
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So far Tim Draper is down about $9,000,000 unless he has already sold.
LOL "Bitcoin is still headed to 10k $"  |
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sidhujag
Legendary
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Activity: 2044
Merit: 1005
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October 05, 2014, 08:44:11 AM |
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today i tried an experiment i tried toconvince a unlikely convert into bitcoin while drinking.... well response was "all that shit is a scam" followed by "i know people let me know if you need something done" ... so onviously he didnt get it and he assumes stocks etc fiat conversion is a scam and cAsh is king thats y we crashing cause everyday joes never even heard of bitcoin i told him in 10 yrs u will ask me again.
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ShroomsKit
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October 05, 2014, 08:44:22 AM |
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That is disappointing. Looks like it is going to crash.
Finally waking up from your delusion? Yes, we're crashing. Welcome to the real world. |
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josegines
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October 05, 2014, 08:44:42 AM |
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So far Tim Draper is down about $9,000,000 unless he has already sold.
do not you know the markets of futures? it is possible that it is gaining 20 times this quantity if it has opened short positions |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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October 05, 2014, 08:45:24 AM |
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BTCChina broke its April 2013 ATH.
Do you even know what ATH IS?  |
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heri
Newbie
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Activity: 20
Merit: 0
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October 05, 2014, 08:46:10 AM |
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So far Tim Draper is down about $9,000,000 unless he has already sold.
do not you know the markets of futures? it is possible that it is gaining 20 times this quantity if it has opened short positions He'll probably hold for 1+ year, imminent profits. |
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Hawkix
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October 05, 2014, 08:47:45 AM |
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I did a quick check on the situation we have here:
A month ago more than 13 million bitcoins were owned by some people.
Today, more than 13 million bitcoins is still owned by some people.
So, what's with all the fuzz here ;-) ?
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Dalmar
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October 05, 2014, 08:48:44 AM
Last edit: October 05, 2014, 09:03:26 AM by Dalmar |
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Do you even know what ATH IS? I clearly said it was the local ATH of BTCChina in April 2013. |
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Rat_Poison
Newbie
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Activity: 14
Merit: 0
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October 05, 2014, 08:48:53 AM |
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That is disappointing. Looks like it is going to crash.
If we don't get a great reversal adoption is on hold for at least another year.
"looks like"  It has been crashing ALL YEAR. You're finally figuring this out? Remember, it's never too late to cut your loose. Better at $300 than $100. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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October 05, 2014, 08:49:21 AM |
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I'm pretty sure Tim Draper bought his coins way below the market, sold lot of them on exchanges and was one or THE bearwhale who was pushing it down in last few weeks.
That's exactly what I would do on his place after seeing the bear trend is continuing down and I bet he has much better financial advisers than I am.
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akujin
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October 05, 2014, 08:51:10 AM
Last edit: October 06, 2014, 05:05:53 AM by akujin |
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That is disappointing. Looks like it is going to crash.
If we don't get a great reversal adoption is on hold for at least another year.
Only people with coins can dump  Nope, i just took a dump  Ha. True. In other news we can expect the bears to start posting something, anything to encourage others to sell  He's down >30%  |
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TeeBone
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October 05, 2014, 08:52:18 AM |
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4 bitcoins for a grand ? Who would've thunk that in january.
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dakota neat
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October 05, 2014, 08:55:54 AM |
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Keep on selling into the flash crash to get the lowest possible price, sheeple. How ridiculous and what a sad picture is this community anyway.
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yefi
Legendary
Offline
Activity: 2842
Merit: 1511
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October 05, 2014, 08:56:15 AM |
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Woah, this is turning bloody  . 1911 on Houbi, the year of the Chinese revolution. A return to the Qing dynasty seems imminent. |
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Davyd05
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October 05, 2014, 08:56:38 AM |
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4 bitcoins for a grand ? Who would've thunk that in january.
Not sure if this crash is to shake weak hands or attract a new batch of weak hands to rape. But let's be real I'm a bull and you can tell demand is not meeting supply. Which for the most part is making shorters money as they gain more coins they're just playing the song wonder what happens when the music stops. |
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Rat_Poison
Newbie
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Activity: 14
Merit: 0
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October 05, 2014, 08:57:14 AM |
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Keep on selling into the flash crash to get the lowest possible price, sheeple. How ridiculous and what a sad picture is this community anyway.
So I take it that you're buying? OK, good luck with that! See you at $200 |
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ChartBuddy
Legendary
Offline
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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October 05, 2014, 09:01:09 AM |
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JayJuanGee
Legendary
Offline
Activity: 4158
Merit: 12607
Self-Custody is a right. Say no to "non-custodial"
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October 05, 2014, 09:01:57 AM |
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I'm pretty sure Tim Draper bought his coins way below the market, sold lot of them on exchanges and was one or THE bearwhale who was pushing it down in last few weeks.
That's exactly what I would do on his place after seeing the bear trend is continuing down and I bet he has much better financial advisers than I am.
I don't think so. The price paid for the BTC was never disclosed, and in order to win all 10 lots, he likely paid well over market price. At the time of the action BTC market price was about $600, and he probably paid well above $650 and maybe even closer to $700 in order to win all 10 lots of coins. It is funny that the price that he paid has NEVER so far leaked out, at least to my knowledge. |
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JayJuanGee
Legendary
Offline
Activity: 4158
Merit: 12607
Self-Custody is a right. Say no to "non-custodial"
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October 05, 2014, 09:03:27 AM |
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So far Tim Draper is down about $9,000,000 unless he has already sold.
LOL "Bitcoin is still headed to 10k $" He has so much fiat you can't even dream about... Probably he will just simply deposit 10-20mil$ on exchanges and f* up all the traders (us) That's what BTC needs to rescue it from this calamity.... that is so long as the exchanges are NOT engaging in fractional reserve banking with our BTC. |
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