massivebitman (OP)
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June 04, 2013, 02:36:00 AM |
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Ain't over yet.
Reasons: The hype in bitcoin has dried out Big boy speculators are trying to pull out Volume is so low that when they do price drops Price doesn't recover because of lack of hype.
Conclusion. Expect a slow graduated drop to $80
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lucas.sev
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June 04, 2013, 02:40:03 AM |
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As much as I would like it to be true, it bounced off 115 and currently is at 123 all that within 16h, so price recovers
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massivebitman (OP)
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June 04, 2013, 03:01:56 AM |
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As much as I would like it to be true, it bounced off 115 and currently is at 123 all that within 16h, so price recovers
Well what I meant was it won't recover to $130. We'll see a few of these bounces on the way down. Every dump the price stabilises a little lower.
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smoothie
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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June 04, 2013, 03:08:14 AM |
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people who post topics like this I tend to think have sold out lol
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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BitcoinAshley
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June 04, 2013, 03:15:24 AM |
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people who post topics like this I tend to think have sold out lol
Contrary to OP massivetunnelvisionman's unfounded assertion in the post prior to yours, ever since the recent crash we've been seeing higher highs and higher lows. i.e. op sold out at $118 and doesn't want to buy back at a loss so now he's making up history to support his price prediction
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smoothie
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LEALANA Bitcoin Grim Reaper
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June 04, 2013, 03:52:21 AM |
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people who post topics like this I tend to think have sold out lol
Contrary to OP massivetunnelvisionman's unfounded assertion in the post prior to yours, ever since the recent crash we've been seeing higher highs and higher lows. i.e. op sold out at $118 and doesn't want to buy back at a loss so now he's making up history to support his price prediction Now put that into a trend of dumb bears and smarter bulls? lol
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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jhansen858
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June 04, 2013, 06:15:59 AM |
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I really hope so. Not only would it give me the chance to load up on some cheap coins, it would most likely put the breaks on the huge mining expansion that is going on long enough for me to get my rigs.
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Hi forum: 1DDpiEt36VTJsiJunyBc3XtG6CcSAnsQ4p
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adamstgBit
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Trusted Bitcoiner
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June 04, 2013, 06:54:44 AM |
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I really hope so. Not only would it give me the chance to load up on some cheap coins, it would most likely put the breaks on the huge mining expansion that is going on long enough for me to get my rigs.
it when up ALOT AGAIN!! lol bitcoin
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smoothie
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Activity: 2492
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LEALANA Bitcoin Grim Reaper
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June 04, 2013, 07:25:54 AM |
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about 15 TH/s added in the last week alone ....AND GROWING.
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███████████████████████████████████████
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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wopwop
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June 04, 2013, 07:30:21 AM |
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Bitcoin currently costs around $300k per day or $9m per month to stay healthy
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Zaih
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June 04, 2013, 07:35:17 AM |
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Dreamin bud
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Odalv
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June 04, 2013, 12:29:31 PM |
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Bitcoin currently costs around $300k per day or $9m per month to stay healthy
30-day Volume (Currency) 168,074,222.01 USD
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Pumpkin
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June 04, 2013, 12:38:10 PM |
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Bitcoin currently costs around $300k per day or $9m per month to stay healthy
This will be very difficult to sustain long term, unless fiat currencies crash.
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awakening
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June 04, 2013, 01:36:21 PM |
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Bitcoin currently costs around $300k per day or $9m per month to stay healthy
This will be very difficult to sustain long term, unless fiat currencies crash. Ummm. $300k per day ? It's no money. Not difficult at all.
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mgio
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June 04, 2013, 02:10:44 PM |
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Bitcoin currently costs around $300k per day or $9m per month to stay healthy
This will be very difficult to sustain long term, unless fiat currencies crash. It doesn't have to do that forever. Remember that the block reward halves every 4 years and so does the money needed to maintain a stable value.
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intense
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June 04, 2013, 03:17:49 PM |
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300k per day is assuming that every single mined coin is making it to an exchange which clearly isn't the case.
What we're seeing now is day traders trying to flip a quick buck with crazy low volume, things will just churn along sideways untill the exchanges can start to receive and send money again. Hold on to your hats because the moment the reigns are off things are about to get rough, expect huge volatility and then a large rally
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humanitee
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June 04, 2013, 11:09:03 PM |
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I believe OP will be correct, barring some major news from WU, Paypal, or the like. The capital inflow just isn't what it was. I actually think $80 is a tad high.
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| Whitepaper Medium Reddit
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BitcoinAshley
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June 05, 2013, 12:43:27 AM |
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Lol @ the guy who thinks $300,000/day is "unsustainable." Why? Because he says so? Lol. His 'perception' is that $300,000 is a 'lot of money' and therefore 'unsustainable.' Great. $9 million dollars a month "a lot?" To one of my 7 year old students, the $5/week her older brother gets for allowance is "a lot." Welcome to the real world, wopwop. Big Money. Helicopter Ben gets in his helicopter every month and throws almost a hundred billion dollars onto the S&P 500 the economy. Tell me what's "unsustainable" again?
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discobean
Member
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Activity: 105
Merit: 11
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June 05, 2013, 10:32:20 AM |
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Fed spends $85B a month to keep USD afloat.
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naphto
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June 05, 2013, 12:15:14 PM |
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Ain't over yet.
Reasons: The hype in bitcoin has dried out Big boy speculators are trying to pull out Volume is so low that when they do price drops Price doesn't recover because of lack of hype.
Conclusion. Expect a slow graduated drop to $80
Wait and see
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