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Question: Trap or Trend reversal?
Trap - 133 (51.6%)
Trend reversal - 125 (48.4%)
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Author Topic: The mother of all traps?  (Read 8098 times)
molecular
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September 17, 2013, 07:10:13 PM
 #101

As of now, it looks like it was a good call  Cool

Extremely good call!

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September 17, 2013, 07:13:24 PM
 #102

even as a bitcoin bull myself this looks like a trap to me. too much too fast and for what reason? is there some breaking news i missed?

here's a refreshing hypothesis: it's actual new money coming in due to 6 week old news (incubation time of new a bitcoiner (from first contact to first buy) is roughly 6 weeks)

So I looked at 6 week old news and found: "liberty reserve busted".


that is a refreshing hypotheses. i hope you are right.

maybe part of this rally actually is bitcoin being used as a substitute for LR. After all, Liberty Reserve was moving huge sums, right? That would be so funny: The FEDs saved Bitcoin ;-)

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September 17, 2013, 07:41:20 PM
 #103

even as a bitcoin bull myself this looks like a trap to me. too much too fast and for what reason? is there some breaking news i missed?

here's a refreshing hypothesis: it's actual new money coming in due to 6 week old news (incubation time of new a bitcoiner (from first contact to first buy) is roughly 6 weeks)

So I looked at 6 week old news and found: "liberty reserve busted".


that is a refreshing hypotheses. i hope you are right.

maybe part of this rally actually is bitcoin being used as a substitute for LR. After all, Liberty Reserve was moving huge sums, right? That would be so funny: The FEDs saved Bitcoin ;-)

indictment said they processed 1.4B annually with 6B total over the course of the enterprise

you should take a moment to read some of it when you have a chance and note the concept of pre-approved third party exchanges

http://www.docstoc.com/docs/159108750/Indictment-Liberty-Reserve-et-al_-Kats_-Marmilev
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