Vlad2Vlad
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www.ixcoin.net
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September 20, 2014, 05:25:08 AM |
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It probably didn't. Some people just try hard to find excuses.
Excuses not needed if you understand what's going on behind the scenes. Theories are ok if they have some logic but this alibaba IPO thing is so absurd that I can't even invent any logic for it. I can make up a total lie of an excuse about the iPhone 6 launching today which crashed the BTC price which would make more sense than alibaba doing an IPO. No wonder all these ShitCoin pump and dump schemes work so well - most people trading alts have no clue. Thanks and good luck - buy all you can below $400, BTC and Alts prices should sky rocket soon. |
iXcoin - Welcome to the F U T U R E! |
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"Bitcoin: mining our own business since 2009" -- Pieter Wuille
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YoyodyneSystems
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Activity: 1386
Merit: 1023
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September 20, 2014, 05:34:13 AM
Last edit: September 20, 2014, 07:25:13 AM by YoyodyneSystems |
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The stability on DOGE the last 48 hours has been impressive considering what was going on with BTC (which I think was caused by Alibaba IPO).
How did the alibaba IPO drop the BTC price so drastically? This is the first I've heard if this and it makes no sense. Thanks! This is off topic for DOGE but yeah it's really obvious and I wasn't the only person thinking the same. http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/Read the top comment after the article. The one with 24 upvotes indicating many people agree with it. It's psychology. BTC price was already dropping for days and got a push from Alibaba. A lot of people assumed (maybe wrongly) that Alibaba would cause other assets to drop in value because people wanted to sell assets to buy Alibaba. So they started actually selling - even if they were not buying Alibaba. Including BTC. If you think something is going down in price then you sell anyway and buy back in at low. If enough people think the same (which they clearly do) then they sell BTC and the price crashes. Which it did. Doesn't matter if people really were selling or not to buy Alibaba. They only had to think others were. Then they really did start selling BTC out of fear. Maybe whale's used Alibaba IPO timing to make it look like there was a panic dump on the event so they could buy cheaper. All that mattered was that it looked like to enough people that it caused a REAL panic dump. Which is what happened in the end. This is how markets work every day. Find something that can be used to create fear of a price drop -- and then start the chain reaction. On topic -- tick tock.. tick tock http://www.csullender.com/dogecoin/11 days to go |
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Dogie_Smart
Newbie
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Activity: 4
Merit: 0
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September 20, 2014, 10:07:18 AM |
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Greetings, fellow Dogecoin people! I believe Dogecoin has much opportunities on the internet... I am posting here, to let you know that I have good intentions for dogecoin, and to let you know that smartcoin smc, is a coin to buy now.... Such smart dogie  Very currency! |
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jontrue
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September 20, 2014, 12:58:54 PM |
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hoie6060
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September 20, 2014, 04:57:58 PM |
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The stability on DOGE the last 48 hours has been impressive considering what was going on with BTC (which I think was caused by Alibaba IPO).
How did the alibaba IPO drop the BTC price so drastically? This is the first I've heard if this and it makes no sense. Thanks! This is off topic for DOGE but yeah it's really obvious and I wasn't the only person thinking the same. http://www.coindesk.com/downward-pressure-bitcoin-price-declines-to-near-400/Read the top comment after the article. The one with 24 upvotes indicating many people agree with it. It's psychology. BTC price was already dropping for days and got a push from Alibaba. A lot of people assumed (maybe wrongly) that Alibaba would cause other assets to drop in value because people wanted to sell assets to buy Alibaba. So they started actually selling - even if they were not buying Alibaba. Including BTC. If you think something is going down in price then you sell anyway and buy back in at low. If enough people think the same (which they clearly do) then they sell BTC and the price crashes. Which it did. Doesn't matter if people really were selling or not to buy Alibaba. They only had to think others were. Then they really did start selling BTC out of fear. Maybe whale's used Alibaba IPO timing to make it look like there was a panic dump on the event so they could buy cheaper. All that mattered was that it looked like to enough people that it caused a REAL panic dump. Which is what happened in the end. This is how markets work every day. Find something that can be used to create fear of a price drop -- and then start the chain reaction. On topic -- tick tock.. tick tock http://www.csullender.com/dogecoin/11 days to go If it is really the case, I'm not worried now. Once Alibaba fever is cooling down, every asset that being dumped will soon recover and go back to normal. So it will just be a short term crash and at the end of the day, only people that join the panic sell will possibly suffer loss. |
I like Doge: DCayeMFxQCPnZfpmXy49AtsDG44ERCPsC9
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jdebunt
Legendary
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Activity: 1596
Merit: 1010
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September 20, 2014, 05:19:45 PM |
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TookDk
Legendary
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Activity: 1960
Merit: 1062
One coin to rule them all
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September 20, 2014, 05:29:05 PM |
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I am considering getting back into DOGE...
What options are there for doge-wallets nowadays, except for QT.
Looking for a wallet option, which does not require download of the entire blockchain.
I am considering getting back into DOGE... What options are there for doge-wallets nowadays, except for QT. Looking for a wallet option, which does not require download of the entire blockchain. Thanks
Make your own damn post  |
Cryptography is one of the few things you can truly trust.
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TookDk
Legendary
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Activity: 1960
Merit: 1062
One coin to rule them all
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September 20, 2014, 05:40:16 PM |
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Big thanks to mods for removing the copy of my post so fast, respect. I have no idea what the point is  There was no signature campaign or anything, and the answer to question was just a few post away from where he copied it. Anyway, glad to see that DOGE is doing good, I always loved DOGE, such fun  |
Cryptography is one of the few things you can truly trust.
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TookDk
Legendary
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Activity: 1960
Merit: 1062
One coin to rule them all
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September 20, 2014, 10:08:00 PM |
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Much currency
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Cryptography is one of the few things you can truly trust.
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Xialla
Legendary
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Activity: 1036
Merit: 1000
/dev/null
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September 21, 2014, 09:38:48 AM |
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such value.)
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peterlustig
Sr. Member
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Activity: 812
Merit: 250
The Fourth Generation of Blockchain in DeFi
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September 21, 2014, 11:48:36 AM |
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brookefinancial
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September 21, 2014, 02:27:42 PM |
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wow this is insane, the hashrate is up +1000% in the last month, does this means it's 10x more difficult to mine DOGE compared to last month? I am a stock trader, I do a lot of Technical Analysis and this week I found crazy similarities between price of BTC last autmn and DOGE hourly charts. I did not post this chart anywhere because I personally think this is crazy. So I guess people would think I'm clinically insane, lol. First chart is BTC last year, and second chart is DOGE hourly charts (I made this a few days ago).   Of course... |
3D Printing and Bitcoin, that's pretty cool.
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futile-resistance
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September 21, 2014, 02:38:08 PM |
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wow this is insane, the hashrate is up +1000% in the last month, does this means it's 10x more difficult to mine DOGE compared to last month? I am a stock trader, I do a lot of Technical Analysis and this week I found crazy similarities between price of BTC last autmn and DOGE hourly charts. I did not post this chart anywhere because I personally think this is crazy. So I guess people would think I'm clinically insane, lol. First chart is BTC last year, and second chart is DOGE hourly charts (I made this a few days ago). Of course... Yup, hashrate is up 10x and there will be a halving in around 10 days. |
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apuestascoin
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September 21, 2014, 03:30:02 PM |
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Nice graphs
Good times for dogecoin ... up trend
More difficult to mine , halving ...
We will come back to 200 satoshis
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SirZelmer
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September 21, 2014, 03:33:09 PM |
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How can we go up if there is no buy opportunity?
Only fake buy walls...
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brookefinancial
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September 21, 2014, 03:33:51 PM |
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Is the "chinese factor" very present in Dogecoin? I see that we are trading on Bter, is the coin popular in China or you could say it's still a bit unknown? I think it's the kind of thing that the asian markets like  |
3D Printing and Bitcoin, that's pretty cool.
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brookefinancial
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September 21, 2014, 03:37:34 PM |
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How can we go up if there is no buy opportunity?
Only fake buy walls...
Can you be more clear? From what I know the bid/ask has always been very tight on Dogecoin with large orders. The price of this coin has always been driven on demand with the very high coin supply there is not much manipulation. Good luck if you want to pump DOGE lol |
3D Printing and Bitcoin, that's pretty cool.
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SirZelmer
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September 21, 2014, 03:41:05 PM |
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Im talking about this walls.
For example today was 2x walls for 90btc around 70 satoshi, now they are removed.
And also low volume now...
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Hueristic
Legendary
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Activity: 3808
Merit: 4899
Doomed to see the future and unable to prevent it
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September 21, 2014, 03:44:18 PM |
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Is the "chinese factor" very present in Dogecoin? I see that we are trading on Bter, is the coin popular in China or you could say it's still a bit unknown? I think it's the kind of thing that the asian markets like It has been Chinese driven/supported since inception for some weird reason (I guess the lack of trust in their own Gov manipulated currency). That is also a great thing as many western dumps have been reversed during the Chinese time period. Being a globally accepted and used coin has created a great stabilizing mechanism. |
“Bad men need nothing more to compass their ends, than that good men should look on and do nothing.”
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SirZelmer
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September 21, 2014, 03:50:50 PM |
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So what price is possible in next months for Doge in your opinion?
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