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ParabellumLite
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December 17, 2014, 05:11:40 PM |
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316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think? Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's? |
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samson
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Activity: 2097
Merit: 1070
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December 17, 2014, 05:12:29 PM |
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Jed is bound to his 10.000 limit for the first two years. After that it rises to 20.000 for the third and fourth year. After that he basically do what he wishes, but Ripple will likely succeed even before he reaches the 20.000 limit. Jed is of no concern: why would he unload all his XRP (and take on all the legal trouble, because he's bound to not sell) while denying himself the chance to become a multimillionaire/ billionaire? Jed never finishes what he starts, he might be slightly unstable from time to time, but even he is not as retarded to make such a move.
Considering it's fully centralised they can probably easily program in a set of restrictions on his coins to enforce the 10k and 20k per week rules. |
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ParabellumLite
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December 17, 2014, 05:14:46 PM |
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Jed is bound to his 10.000 limit for the first two years. After that it rises to 20.000 for the third and fourth year. After that he basically do what he wishes, but Ripple will likely succeed even before he reaches the 20.000 limit. Jed is of no concern: why would he unload all his XRP (and take on all the legal trouble, because he's bound to not sell) while denying himself the chance to become a multimillionaire/ billionaire? Jed never finishes what he starts, he might be slightly unstable from time to time, but even he is not as retarded to make such a move.
Considering it's fully centralised they can probably easily program in a set of restrictions on his coins to enforce the 10k and 20k per week rules. Good thinking, and this has been proposed as a solution when he was unloading earlier this year (before he got bound to his current agreement). For some reason Ripple Labs did not choose that option, but given that Ripple Labs knows (and probably tracks) all his wallets it shouldn't be that hard to limit the rate in which he can sell XRP. Another advantage of centralized systems if you think about it. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 17, 2014, 05:15:08 PM |
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samson
Legendary
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Activity: 2097
Merit: 1070
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December 17, 2014, 05:15:50 PM |
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316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think? Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's? HODL  Where did I put that 'holding spartans' image. |
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Davyd05
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December 17, 2014, 05:16:43 PM |
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316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think? Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's? HODL should know Blitz's answer to this, 1 billion market cap ftw. I got some buying to do if that happens. |
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N12
Donator
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Activity: 1610
Merit: 1010
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December 17, 2014, 05:16:59 PM |
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316 fell, next horizontal support would be 275.
Out of curiosity Blitz: do you think 275 will hold? There has been a lot of talk about the 270ish level around here, and often it has been called 'the real bottom'. Given the flurry of bad bottom calls of the past 10 months or so I'm very sceptical about that, although there will likely be a major battle around that level. But what do you think? Second: if 270-ish gets broken, do you expect Bitcoin to crumble down to the high 100's? As for pure technical analysis, no real clue, sorry, I don't think there is a reasonable way to tell beforehand. It's one of those things where you've got to see it playing out, anything else will just lead to pouring your bias into the prediction. But here's my bias based on psychology/sentiment: Pretty much the only thing that can calm holders nowaday is the notion that Bitcoin has never gone below the previous all time high in the following correction or bear market. Because of this, I think there are going to be a whole lot of "weak hands" in this area because it's so close to the 266 high. Oh, as for what happens should we decisively break this level, I would definitely expect a flash crash at that point. Where that flash crash leads is extremely difficult to predict beforehand (that's the nature of a flash crash after all), but sub 200 is not out of the realm of possibility. It also really depends on the particular exchange in a super volatile environment. |
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NotLambchop
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December 17, 2014, 05:19:50 PM |
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Good news everyone!
The ruble seems to be doing a bit better.
Maybe Bitcoin will follow suit?
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barbs
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December 17, 2014, 05:21:08 PM |
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a special note to those who are manipulating asks at 322 for up to 1300 coins then dropping it:
fuck you.
thanks!
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elinehaarbollen
Newbie
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Activity: 28
Merit: 0
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December 17, 2014, 05:30:35 PM |
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Good news everyone!
The ruble seems to be doing a bit better.
Maybe Bitcoin will follow suit?
What if russians are buying ripple ? |
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ParabellumLite
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December 17, 2014, 05:32:12 PM |
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Good news everyone!
The ruble seems to be doing a bit better.
Maybe Bitcoin will follow suit?
What if russians are buying ripple ? They can't, as has been explained multiple times before here already. Stop spamming for god sake, as you don't seem to want to quit. You really are asking for a ban here. |
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criptix
Legendary
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Activity: 2464
Merit: 1145
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December 17, 2014, 05:33:33 PM |
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feels like gravity, just not sure if bitcoin is sandra bullock or george clooney  |
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jonoiv
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December 17, 2014, 05:33:40 PM |
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Good news everyone!
The ruble seems to be doing a bit better.
Maybe Bitcoin will follow suit?
What if russians are buying ripple ? How? XRP is not on BTC-e and thats the only major exchange that accepts rubles. They could convert to dollars, but that has it's own problems. And if they already have a dollar account then what's the point? According to this they are buying BTC, http://www.cnbc.com/id/102275772Doesn't seem to be helping. |
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JorgeStolfi
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December 17, 2014, 05:39:48 PM |
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As noted before, that article is nonsense, in too many ways... |
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jonoiv
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December 17, 2014, 05:42:32 PM |
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As noted before, that article is nonsense, in too many ways... Quite possibly. but you've never posted a nonsense article before have you. |
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mymenace
Legendary
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Activity: 1596
Merit: 1061
Smile
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December 17, 2014, 05:42:44 PM |
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Good news everyone!
The ruble seems to be doing a bit better.
Maybe Bitcoin will follow suit?
Maybe people are selling btc to buy ruble |
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dakota neat
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December 17, 2014, 05:46:08 PM |
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Ripple sounds like such a shitty currency that it makes me want to go on their forums and spend all day telling them how much I think they are wrong for using it.
Then again, that would be such a waste of my life and I would have to be the biggest loser in the world to go on the forum of a currency I do not like and post on and on about how people should not be using that currency.
That would be about the stupidest thing someone could do. Such a waste of life. How much of a loser would you have to be to do something like that.
No, I will leave the Ripple users to their lives. If they like it, it's all them.
Best troll trolling ever, much respect. |
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JorgeStolfi
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December 17, 2014, 05:46:25 PM |
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About Ripple (sorry!): people should be aware that "the Ripple network" and "the Ripple coin" (XRP) are two very distinct things (unlike the bitcoin network and BTC). The banks are interested in the Ripple network, which is being designed for their use. The banks could use the currency XRP in that network, but do not have to. So adoption of the network by the banks does not imply that XRP will become valuable, or even survive. (That is what I understood; please correct if it is wrong.)
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criptix
Legendary
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Activity: 2464
Merit: 1145
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December 17, 2014, 05:49:43 PM |
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About Ripple (sorry!): people should be aware that "the Ripple network" and "the Ripple coin" (XRP) are two very distinct things (unlike the bitcoin network and BTC). The banks are interested in the Ripple network, which is being designed for their use. The banks could use the currency XRP in that network, but do not have to. So adoption of the network by the banks does not imply that XRP will become valuable, or even survive. (That is what I understood; please correct if it is wrong.)
yes i still call ripple bs though, but my greed tells me to buy  |
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