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hous26
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September 01, 2017, 01:57:19 PM |
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Nice! I'm going to buy some later if it keeps falling.
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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oisilener1982
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September 01, 2017, 02:00:42 PM
Last edit: September 01, 2017, 03:04:42 PM by oisilener1982 |
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Rebounded Back to 900
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yobigd20
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Activity: 170
Merit: 10
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September 01, 2017, 02:20:03 PM |
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Funny how things are. When people are saying Moon ! Moon !, time is to sell. When people are saying Run ! Run ! maybe its time to buy.
this is not funny, this is exactly how you make money trading. you can't make money when you buy it after everyone else says 'buy buy' and the price peaks. buy high sell low doesn't work. you have to buy it when everyone else is selling it. then wait for it to go back up and everyone else starts screaming 'buy buy' then you sell and take your profits. |
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Topkras
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September 01, 2017, 03:59:16 PM |
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lower and lower  I'll keep my sign for better time |
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killerelite
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September 01, 2017, 04:03:58 PM |
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That wall at 1000 satoshi broken , situation so dire now
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RSO_
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Activity: 63
Merit: 10
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September 01, 2017, 04:06:13 PM |
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That wall at 1000 satoshi broken , situation so dire now
Considering that SIGT just recovered about 33% in around an hour shows that today's drop was just some whales having their way. we just hit 993 sats after going as low as 740 not long ago |
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altfinance
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September 01, 2017, 04:10:08 PM |
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I remember a trader here mentioned that there might be a third test of the lows before we can move on. It looks like this is the third test.
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oisilener1982
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September 01, 2017, 04:13:52 PM |
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That wall at 1000 satoshi broken , situation so dire now
Considering that SIGT just recovered about 33% in around an hour shows that today's drop was just some whales having their way. we just hit 993 sats after going as low as 740 not long ago The problem still remains that the wall was breached THere will be lesser resistance next time @ 1000 sat I was quiet impressed with the Bounce back to 900 Sat from 700 There is actually a Sell Wall @ 1000 now. If it is Real and not just a bot then it would be hard to cross that barrier |
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RSO_
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Activity: 63
Merit: 10
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September 01, 2017, 05:15:15 PM |
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Don't forget that these 'walls' are often actually complete facades put there by the whales pushing the price down. The wall will often not be 'pushed through' but just taken away leaving little resistance to push the price down.
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JMAlex
Newbie
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Activity: 46
Merit: 0
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September 01, 2017, 06:03:54 PM |
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Any news from Cryptopia sigt wallet?
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jimboscott
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September 01, 2017, 06:04:31 PM |
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Don't forget that these 'walls' are often actually complete facades put there by the whales pushing the price down. The wall will often not be 'pushed through' but just taken away leaving little resistance to push the price down.
I think you might have your terms mixed up a bit. Resistance, in trading terms, is always higher and support is always lower. The term 'little resistance to push the price down' should be 'little support to hold the price up'. Support is always underneath and resistance is always above. The large sell order at 1000 SAT is there to either create resistance, or to fake people out into thinking there is a large sell order that will be bard to break through. If that wall is just 'taken away' as you stated, the result would NOT be having the price pushed down, but more likely, having the price pushed UP and through the fake wall of resistance. IF it is indeed fake. Removing resistance (the wall at 1000) would never create selling pressure. It would relieve it. A rally in price should be the expected result. |
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Eyesee4
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Activity: 69
Merit: 10
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September 01, 2017, 07:38:32 PM |
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Would be nice just to find an actual floor and go from there. I've still been mining away, so it would be nice to see some news come out about the project. Still have hopes and as we get closer to the next halving rewards I hope the price can finally move upward. During the 2nd run the floor was around 700 sats just for reference.
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y6uBaKa
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September 01, 2017, 08:01:32 PM |
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luismibit
Newbie
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Activity: 44
Merit: 0
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September 01, 2017, 08:48:46 PM |
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After POS, they continue to create coins, so the market continues to flood more sigt? I mean, in a hypothetical example of 5% of 50k a year in staking POS would mean creating 2.5k new coins in a year, which in one month corresponds to 208 new coins generated. This means that the POW limit of 137 mill the coins will continue to grow at a rate of that magnitude, for all those who are in stake Pos  Will not continue to flood the market of sigt just like now in POW? ?  |
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m00n1ight
Newbie
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Activity: 28
Merit: 0
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September 01, 2017, 10:17:26 PM |
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Yobit.net is the good exchange with fiat (USD) wallets, many (shit-)coins (similar to Cryptopia) and decent volumes. But to add coin there you must pay at least 0.1 BTC. You can pitch your coin for free but they may not accept it.
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gurumeditation
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September 01, 2017, 10:38:41 PM |
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After POS, they continue to create coins, so the market continues to flood more sigt? I mean, in a hypothetical example of 5% of 50k a year in staking POS would mean creating 2.5k new coins in a year, which in one month corresponds to 208 new coins generated. This means that the POW limit of 137 mill the coins will continue to grow at a rate of that magnitude, for all those who are in stake Pos Will not continue to flood the market of sigt just like now in POW? ? You forget one point : in order to get your 5%, you need to stake your coins, that means they are locked and you cannot use them on the market. Using these coins on the market = no staking reward. So in a year, you don't really have your 50k coin, you'll have 2.5k coins reward you can use on the market (if you don't want to stake them too). Also if the price grows, more people will stake = less coin on the market. How can 5% / year can flood the market more than 137M coins mined in 3 months ? In fact, PoS bring more stability to the coin, and give real value to it as the stupid miners are not able to dump it for a super low price anymore. Also, inflation blah blah blah |
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oisilener1982
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September 01, 2017, 10:54:00 PM |
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The Lowest Price was 740 sat and it bounced back to 859
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Bitzure
Newbie
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Activity: 28
Merit: 0
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September 01, 2017, 11:07:11 PM |
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The Lowest Price was 740 sat and it bounced back to 859
900 sat at Bitzure |
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BellicoseBenny
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September 01, 2017, 11:18:10 PM |
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I suspect it has something to do with the wallet, i did a payout on suprnova but seeing nothing in cryptopia. . .
A few hundred coins MIA
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KurtCobain
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September 01, 2017, 11:21:04 PM |
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After POS, they continue to create coins, so the market continues to flood more sigt? I mean, in a hypothetical example of 5% of 50k a year in staking POS would mean creating 2.5k new coins in a year, which in one month corresponds to 208 new coins generated. This means that the POW limit of 137 mill the coins will continue to grow at a rate of that magnitude, for all those who are in stake Pos Will not continue to flood the market of sigt just like now in POW? ? If every single one of the 137,000,000 coins were staking at 5% annually, there would be 18,767-19,000 coins created per day, that's drastically less than the amount being mined per day currently. |
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