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bellan1ta
(OP)
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July 12, 2013, 08:53:03 AM
Last edit: November 08, 2013, 04:03:52 PM by bellan1ta
#1
-
lucas.sev
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Activity: 252
Merit: 250
Re: WTF happened that it go UP so much again
July 12, 2013, 08:56:45 AM
#2
nothing, its a game
chufchuf
Full Member
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Activity: 205
Merit: 100
Re: WTF happened that it go UP so much again
July 12, 2013, 08:58:57 AM
#3
regular sellers can use exchangers that exchange automatically like bitpay. meanwhile it can be as usual, the best store of value, certainly better than gold
downtrends? based on 2011, pff... it was just mtgox weirdness that triggered downs and ups
vokain
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Re: WTF happened that it go UP so much again
July 12, 2013, 08:59:55 AM
#4
Quote from: lucas.sev on July 12, 2013, 08:56:45 AM
nothing, its a game
need. more. bitcoins.
malevolent
can into space
Legendary
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Activity: 3472
Merit: 1721
Re: WTF happened that it go UP so much again
July 12, 2013, 09:19:54 AM
#5
I'm glad that I haven't sold mine when it went down below $70. But it still needs to rise a bit for me to make any profit because unfortunately the last time I bought BTC is when it was @ $110 (after falling down from $130+).
Signature space available for rent.
bitleif
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Activity: 351
Merit: 250
I'm always grumpy in the morning.
Re: WTF happened that it go UP so much again
July 12, 2013, 09:22:36 AM
#6
Quote from: bellan1ta on July 12, 2013, 08:53:03 AM
WTF happened that it go UP so much again
You seem to be confused. This is bitcoin. Nothing needs to happen.
UncleBobs
Member
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Activity: 103
Merit: 10
It From Bit
Re: WTF happened that it go UP so much again
July 12, 2013, 05:34:34 PM
#7
If you don't know, you're "little people"
Disobey the Thought Police. Resist Totalitarian Humanism.
http://attackthesystem.com/?s=totalitarian+humanism
alyssa85
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CryptoTalk.Org - Get Paid for every Post!
Re: WTF happened that it go UP so much again
July 12, 2013, 06:15:12 PM
#8
Well the initial move up was caused by Ben Bernanke being dovish on the withdrawal of QE - all hard assets rallied, gold and silver went up as well as bitcoins - I think some hedge funds as now using bitcoins to hedge against inflation.
However, today there was another bitcoin specific development - Coinbase allows instant bitcoin buys for their level 2 customers. See this thread on reddit where all the coinbase customers are happily buying coins like sweets:
http://www.reddit.com/r/Bitcoin/comments/1i3xs2/coinbasecom_level_2_verified_accounts_can_buy/
I think coinbase then goes to the exchanges to purchase the bitcoins in the back end, and that's supporting bitcoin too.
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Gabi
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Merit: 1008
If you want to walk on water, get out of the boat
Re: WTF happened that it go UP so much again
July 12, 2013, 06:17:19 PM
#9
Lol at who sold at 70 believing the trolls spamming "bitcoin is dying"
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Adrian-x
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Re: WTF happened that it go UP so much again
July 12, 2013, 06:23:37 PM
#10
Gox. US account frozen, - price goes up from $100 to $130 people buy and withdraw XBT.
Gox. Stops US withdrawals - (I speculate - they had USD liquidity issues with frozen funds and lawyer bills. )
Gox. Dumps XBT holdings on the market - Price falls to $65
Gox. Opens USD withdrawals
Someone big fish gets it and buys in $1 bar USD. Price shoots up.
The sheep follow and price shoots up.
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
BitChick
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Re: WTF happened that it go UP so much again
July 12, 2013, 06:31:24 PM
#11
Quote from: Gabi on July 12, 2013, 06:17:19 PM
Lol at who sold at 70 believing the trolls spamming "bitcoin is dying"
I am a proud "holder." NO regrets here!
OK, maybe the only regret is not being able to play the market like some of you can, but hey, I did not lose anything and that is good.
1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
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