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njcarlos
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April 14, 2014, 05:10:24 AM |
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Hammer-timer, duh-nuhnuhnuh
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MahaRamana
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April 14, 2014, 05:43:49 AM |
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How do you see bitcoin's price behaving when the russian war drums will start getting louder ?
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RAJSALLIN
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April 14, 2014, 05:58:51 AM |
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How do you see bitcoin's price behaving when the russian war drums will start getting louder ?
As I recall btc went up nearly $100 The day The Russians took Crimea so that is a good indication. Acting like gold in war times seems probable. |
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MahaRamana
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April 14, 2014, 06:54:37 AM |
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How do you see bitcoin's price behaving when the russian war drums will start getting louder ?
As I recall btc went up nearly $100 The day The Russians took Crimea so that is a good indication. Acting like gold in war times seems probable. Ok this explains the strong rally. Well, the situation in Ukraine can only get worse I guess. Bottom was rightly called. |
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chessnut
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Activity: 924
Merit: 1001
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April 14, 2014, 09:34:54 AM |
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  this is a convincing inverse correlation between the smp500 and bitcoin/usd. it is out of phase, but similarities to note, they are both bouncing from recent price extremes, and they are in the same time scale (2h chart) that they are out of phase could be explained by transfer delays. ugh those banks... It is a hopeful observation at best, but worth attention I think. |
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giletto
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April 14, 2014, 09:39:09 AM |
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How do you see bitcoin's price behaving when the russian war drums will start getting louder ?
And another victim of western Propaganda...i can't hear any war drum from russia, you? I hear and see only war drums from US side, followed by vassal in europe. |
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doctor877
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April 14, 2014, 09:45:45 AM |
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Still 9,154.99 BTC shorted @ bitfinex, these could push the price up nicely in a few days if price keeps going up.
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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April 14, 2014, 09:47:58 AM |
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Still 9,154.99 BTC shorted @ bitfinex, these could push the price up nicely in a few days if price keeps going up.
Excuse my ignorance. What does "Still 9,154.99 BTC shorted" means? |
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gizmoh
Legendary
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Activity: 1428
Merit: 1000
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April 14, 2014, 09:53:31 AM |
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Still 9,154.99 BTC shorted @ bitfinex, these could push the price up nicely in a few days if price keeps going up.
But but longs are already back to $15 million now.. |
How Ripple Rips you: "The founders of Ripple Labs created 100 billion XRP at Ripple's inception. No more can be created according to the rules of the Ripple protocol. Of the 100 billion created, 20 billion XRP were retained by the creators, seeders, venture capital companies and other founders. The remaining 80 billion were given to Ripple Labs. Ripple Labs intends to distribute and sell 55 of that 80 billion XRP to users and strategic partners. Ripple Labs also had a giveaway of under 200 million XRP (0.002% of all XRP) via World Community Grid that was later discontinued.[29] Ripple Labs will retain the remaining 25 billion"
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dreamspark
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April 14, 2014, 09:54:38 AM |
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Still 9,154.99 BTC shorted @ bitfinex, these could push the price up nicely in a few days if price keeps going up.
Excuse my ignorance. What does "Still 9,154.99 BTC shorted" means? How much BTC has been borrowed to margin shorters on finex. This means at some point they have to buy the BTC they borrowed and sold back. If they are on margin this could happen without them wanting to due to being wiped out by margin. |
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Hen0xyd
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Activity: 87
Merit: 10
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April 14, 2014, 09:57:58 AM |
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Still 9,154.99 BTC shorted @ bitfinex, these could push the price up nicely in a few days if price keeps going up.
Excuse my ignorance. What does "Still 9,154.99 BTC shorted" means? Some people bet on the fact bitcoin price will go down like you could do on classic markets (you sell something you don't have then have to buy them back, and hope to get the difference in your pocket as $ if the price collapse). Bitfinex allows to do that with bitcoins. Edit : check http://www.investopedia.com/terms/s/shortselling.asp about what's Short selling, even if it's mainly (only?) on Bitfinex it's giving some insights about bull/bears with commited positions. |
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ShroomsKit_Disgrace
Legendary
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Activity: 952
Merit: 1000
Yeah! I hate ShroomsKit!
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April 14, 2014, 09:59:37 AM |
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@Hen0xyd and @dreamspark thank very much.
Those shorters may have a very hard time if Houbi breaks 2800CNY.
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MahaRamana
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April 14, 2014, 10:02:03 AM |
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How do you see bitcoin's price behaving when the russian war drums will start getting louder ?
And another victim of western Propaganda...i can't hear any war drum from russia, you? I hear and see only war drums from US side, followed by vassal in europe. Wrong. Not a victim. Both parties point the finger to the other but neither are right, nor wrong. Truth is in the middle. I meant war drums in relation to the situation with Ukraine and Russia - not that they are the big bad ones... Between the USA/EU bad one and the Russia bad one, I clearly support the latter. Eventually, Ukraine has to come under russian control if the EU wants to keep warm in winter, and it's industry running. It is funny to see the USA/EU in the illusion that they are in a position to inflict the most bitting sanctions. Next Russia will triple the price of its gas and request payment in physical gold and we'll see who has the power over who. |
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phatsphere
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April 14, 2014, 10:14:03 AM |
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Those shorters may have a very hard time if Houbi breaks 2800CNY.
for the record: broken at around 10:00 UTC on 10k volume. |
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Queeq
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April 14, 2014, 10:14:29 AM |
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Wrong. Not a victim. Both parties point the finger to the other but neither are right, nor wrong. Truth is in the middle.
I meant war drums in relation to the situation with Ukraine and Russia - not that they are the big bad ones...
Between the USA/EU bad one and the Russia bad one, I clearly support the latter.
Eventually, Ukraine has to come under russian control if the EU wants to keep warm in winter, and it's industry running.
It is funny to see the USA/EU in the illusion that they are in a position to inflict the most bitting sanctions. Next Russia will triple the price of its gas and request payment in physical gold and we'll see who has the power over who.
Nobody asks what Ukraine wants, huh? Or, specifically, what does not want. |
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TERA
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April 14, 2014, 11:06:33 AM |
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Those shorters may have a very hard time if Houbi breaks 2800CNY.
for the record: broken at around 10:00 UTC on 10k volume. There's nothing significant about 2800. Breaking 3200 would be significant. |
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MahaRamana
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April 14, 2014, 11:33:10 AM |
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Wrong. Not a victim. Both parties point the finger to the other but neither are right, nor wrong. Truth is in the middle.
I meant war drums in relation to the situation with Ukraine and Russia - not that they are the big bad ones...
Between the USA/EU bad one and the Russia bad one, I clearly support the latter.
Eventually, Ukraine has to come under russian control if the EU wants to keep warm in winter, and it's industry running.
It is funny to see the USA/EU in the illusion that they are in a position to inflict the most bitting sanctions. Next Russia will triple the price of its gas and request payment in physical gold and we'll see who has the power over who.
Nobody asks what Ukraine wants, huh? Or, specifically, what does not want. Nobody cares what the ukrainians want, and the US/EU the last of them. This world is a world of power wether we like it or not. It does not matter what you want but only how much power you have or others believe you have to make it happen. People in power don't care what people without power want. They see only their agenda. Some people in power in some parts of the world have to pretend and give the impression that people out of power have something to say, it is just more sneaky but only the same. The US had some plans for Iraq, Syria and so many other countries, and the people there could just shut up and eat depleted uranium while domestic opinions are fabricated. Ukraine is bankrupt, with few resources, the predominantly russian parts of the country are more dynamic economically and most importantly, it is the pipeline of energy to western Europe and it is surviving only on the fees it takes from this position. It has lost the power to maintain this position on its own and it is way too late for the country to join the EU. Ukraine is the point where west and east meet each other, but the west tend to forget from which side the energy is flowing. I stand by my observation that yesterday's evolution is showing that there is no stopping of the escalation over Ukraine and it will have a key influence over financial markets in the next months and years. |
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rpietila (OP)
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Activity: 1722
Merit: 1036
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April 14, 2014, 11:40:01 AM |
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At least historically, Ukraine's farmland has also been an important resource. The west needs it more than Russia, which has plenty of her own (compared to population trends). It was not my intention to draw a historical comparison to the 1930s but since it came to my mind, it must have come to yours also..
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HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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EuroTrash
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April 14, 2014, 11:42:05 AM |
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Those shorters may have a very hard time if Houbi breaks 2800CNY.
for the record: broken at around 10:00 UTC on 10k volume. There's nothing significant about 2800. Breaking 3200 would be significant. How ugly does it get if it doesn't break today? Maybe we end up just going to flatline for a while until reversal is confirmed.  The Chinese are still pumping 'tho, so it might as well happen... |
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rpietila (OP)
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Activity: 1722
Merit: 1036
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April 14, 2014, 12:07:49 PM |
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Quick TA update: - 6H candle color/volume: BREAKING - huge green candle beats the previous reds AND action afterwards is very promising, conclusion: probability of recent reversal further increased - Bid/ask strengh at market (Bitstamp): slippage to sell 5k: $84, slippage to buy: $143, conclusion: potential for extreme volatility - Trendline comparison: we are now at -0.341 log units. The trendline is at $1,015 and rising $7 per day, conclusion: rock bottom (note: it is not necessary that 'rock bottom' will change until the parabolic uptrend starts, because the trendline is itself rising) - Sentiment: short covering/panic buys are starting - Prognosis: getting better; probability for going <400 gets smaller by the day, long-term buy zone |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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