kireinaha (OP)
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April 29, 2014, 07:56:36 PM |
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Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend. It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May.
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Night gathers, and now my bitcoinwisdom watch begins.
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counter
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April 29, 2014, 07:59:08 PM |
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Thanks for sharing that analysis. I get the feeling things will get very interesting next month.
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nidhogg1
Newbie
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Activity: 31
Merit: 0
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April 29, 2014, 08:06:20 PM |
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Im sorry but how exactly does drawing two lines predict anything? Need more variables, way more.
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kireinaha (OP)
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April 29, 2014, 08:14:09 PM |
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Im sorry but how exactly does drawing two lines predict anything? Need more variables, way more.
We've been riding the 1 day trend line down like a zip line since December, so it will be interesting to see what happens which this triangle finally breaks. I have a feeling something big will happen next month, but you're right, there is the x factor of more Chinese FUD or other unknowns which could throw everything off.
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Night gathers, and now my bitcoinwisdom watch begins.
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kireinaha (OP)
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April 29, 2014, 08:15:17 PM |
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May 28, here we come...
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Night gathers, and now my bitcoinwisdom watch begins.
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Dalmar
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April 29, 2014, 09:43:40 PM Last edit: April 29, 2014, 10:08:06 PM by Dalmar |
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If it breaks this upper support line to the downside, things dont look pretty:
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▄▄▄▄▄▄▄▄▄▄▄ ▄▄████████████████▄ ▄▄██████████████████████▄ █████████████▀█████████████▄ ▄█████████████▀ ▄█▀ ███████████ ▄██████████ ▀▀ ████████████ ▄█████████████ ▄▄▄ ▀▀██████████ █████████████▀ ████▄ ▀█████████▄ █████████████ ▀▀█▀▀ ▄██████████ ████████████▀ ▄▄ ████████████ ████████████ ▄████▄ ███████████ █████████ ██████ ██████████ █████████▄▄ ▄██████████ ▀██████████ ██ ▄▄▄▄████████████ ▀█████████▄▄█▄ ███████████████▀ ▀██████████████████████████▀ ▀█████████████████████▀ ▀▀██████████████▀▀ ▀▀▀▀▀▀▀ | | B i t c o i n t a l k ▄▄▄▄▄
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hellscabane
Legendary
Offline
Activity: 896
Merit: 1000
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April 29, 2014, 10:43:43 PM |
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We will be testing some very interesting waters during May, but I think the upward acceleration will be later on. Still though, the time to “get on board” is growing more and more limited.
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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April 29, 2014, 11:02:13 PM |
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Drawing some lines never worked for Bitcoin. No matter if up or down...
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kireinaha (OP)
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April 29, 2014, 11:07:58 PM |
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Drawing some lines never worked for Bitcoin. No matter if up or down...
Well, this is the *speculation* forum. Just by comparing the support levels since last fall and running that up against the gradual downward trend we've been stuck in, I think it's safe to speculate that *something* significant will happen in the next few weeks. It will be an interesting month, as we watch it play out. We're due for a market reversal, so I'm inclined to believe it will break up near the end of next month, after a further decline to ~$380. So that's the warning; once we hit that level, it's time to move from fiat back into bitcoin. But it's the final warning.. I'm not going to issue it again.
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Night gathers, and now my bitcoinwisdom watch begins.
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UnDerDoG81
Legendary
Offline
Activity: 2179
Merit: 1201
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April 29, 2014, 11:12:31 PM |
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Drawing some lines never worked for Bitcoin. No matter if up or down...
Well, this is the *speculation* forum. Just by comparing the support levels since last fall and running that up against the gradual downward trend we've been stuck in, I think it's safe to speculate that *something* significant will happen in the next few weeks. It will be an interesting month, as we watch it play out. We're due for a market reversal, so I'm inclined to believe it will break up near the end of next month, after a further decline to ~$380. So that's the warning; once we hit that level, it's time to move from fiat back into bitcoin. But it's the final warning.. I'm not going to issue it again. I pray that you are right, I´m also sick of these $300-400 coins, I miss them $800 coins...
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firstlast
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April 29, 2014, 11:19:10 PM |
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We'll break out of this triangle soon enough. Should be an exciting month for both bitcoin and fiat holders!
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kooke
Sr. Member
Offline
Activity: 448
Merit: 250
Bitcoin super-duper-mega-ultra-hyper-node
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May 01, 2014, 03:28:07 AM |
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If we break $550 in the next 2 weeks then things could get interesting.
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TERA
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May 01, 2014, 03:55:57 AM |
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Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend. It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May. How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1.
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kireinaha (OP)
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May 01, 2014, 03:59:40 AM |
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Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend. It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May. How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1. I decided to bypass the flash crash on April 11 from my support line because it was a fluke generated by an X factor event.
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Night gathers, and now my bitcoinwisdom watch begins.
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jonald_fyookball
Legendary
Offline
Activity: 1302
Merit: 1004
Core dev leaves me neg feedback #abuse #political
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May 01, 2014, 03:59:53 AM |
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As much as I love technical analysis, I don't think it applies that much to bitcoin right now because of low market depth.
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TERA
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May 01, 2014, 04:01:54 AM |
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Bitstamp, 1 day charts, 2013-2014 support line to be tested in approximately four weeks by this current bear trend. It is believed by many in the community that this will be the final phase of capitulation and usher in the next rally. This is the final warning: if you are still in fiat, it might be a good idea to re-enter the market in May. How exactly did you place this arbitrary line at the bottom. I see it doesn't actually contact the end of any of the candles except 1. I decided to bypass the flash crash on April 11 from my support line because it was a fluke generated by an X factor event. All of the downwards spikes are caused by 'events'. How can you ignore one but not others?
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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May 01, 2014, 06:41:20 AM |
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that chart looks like a coiling spring to me.... All the naysayers sell now! While Bitcoin is "high". lol
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███████████████████████████████████████
,╓p@@███████@╗╖, ,p████████████████████N, d█████████████████████████b d██████████████████████████████æ ,████²█████████████████████████████, ,█████ ╙████████████████████╨ █████y ██████ `████████████████` ██████ ║██████ Ñ███████████` ███████ ███████ ╩██████Ñ ███████ ███████ ▐▄ ²██╩ a▌ ███████ ╢██████ ▐▓█▄ ▄█▓▌ ███████ ██████ ▐▓▓▓▓▌, ▄█▓▓▓▌ ██████─ ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌ ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌ ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─ ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩ ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀ ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀` ²²² ███████████████████████████████████████
| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ . LEALANA BITCOIN GRIM REAPER SILVER COINS. |
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Mayuyu48
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May 01, 2014, 12:13:06 PM |
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why there's so many "final warning" in this sub forum
so you advise us buy BTC when price still cheap like now?
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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May 01, 2014, 01:11:24 PM |
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Is this the final final warning, or the final final final warning?
I will buy when its the final final final final warning.
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spazzdla
Legendary
Offline
Activity: 1722
Merit: 1000
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May 01, 2014, 02:28:29 PM |
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why there's so many "final warning" in this sub forum
so you advise us buy BTC when price still cheap like now?
I think it's become a joke..
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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May 01, 2014, 03:02:53 PM |
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why there's so many "final warning" in this sub forum
so you advise us buy BTC when price still cheap like now?
I think it's become a joke.. I bet most of those who are from those who are holding or bought in and can not bear to see price going down more.
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counter
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May 01, 2014, 08:20:00 PM |
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why there's so many "final warning" in this sub forum
so you advise us buy BTC when price still cheap like now?
I think it's become a joke.. I bet most of those who are from those who are holding or bought in and can not bear to see price going down more. Some people find it amusing to try and control the market using fear tactics. It's really annoying seeing all these threads pop up when things unclear for BTC short term value IMO.
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counter
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May 01, 2014, 09:37:10 PM |
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Don't wanna be a fiat bag holder.
Uugh I completely agree. How embarrassing would that be. OP should edit the title on the note haha.
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Mayuyu48
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May 02, 2014, 06:18:58 AM |
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I think it's become a joke..
a joke but not funny at all I bet most of those who are from those who are holding or bought in and can not bear to see price going down more.
Some people find it amusing to try and control the market using fear tactics. It's really annoying seeing all these threads pop up when things unclear for BTC short term value IMO. yeah that's very annoying, some people using fear tactics let's the weak hand fall for their tactics
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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May 02, 2014, 05:42:35 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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kireinaha (OP)
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May 02, 2014, 05:52:31 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about it
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Night gathers, and now my bitcoinwisdom watch begins.
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wobber
Legendary
Offline
Activity: 1064
Merit: 1001
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May 02, 2014, 05:59:31 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about it If a new bubble starts this year and price surpasses ATH, I'm going to send you beer money in bitcoin. A few 6packs fro you and your buddies. Just remind me.
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If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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kireinaha (OP)
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May 02, 2014, 06:03:34 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about it If a new bubble starts this year and price surpasses ATH, I'm going to send you beer money in bitcoin. A few 6packs fro you and your buddies. Just remind me. Appreciate the gesture, but if the bubble does happen as I anticipate, I'm going to be bathing in bathtubs full of Dom Pérignon!
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Night gathers, and now my bitcoinwisdom watch begins.
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bitcoinsrus
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May 02, 2014, 06:04:02 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about itSweaty palms are only attributed to one thing on the internet
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silverbox
Legendary
Offline
Activity: 966
Merit: 1003
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May 02, 2014, 11:32:01 PM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about it Have you issued your final final warning? Because your allowed multi final warnings, but once you issue the final final warning, you can't issue final warnings anymore..
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TERA
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May 02, 2014, 11:38:59 PM |
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Oh no god forbid I hold that evil fiat; my sovereign backed currency which pays my bills, my taxes, most of my purchases, etc. The 3% inflation per year is going to kill me.
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neordicICE
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May 02, 2014, 11:48:18 PM |
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Oh no god forbid I hold that evil fiat; my sovereign backed currency which pays my bills, my taxes, most of my purchases, etc. The 3% inflation per year is going to kill me.
It is your -3% yearly, enjoy!
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Chucklez
Newbie
Offline
Activity: 3
Merit: 0
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May 02, 2014, 11:58:09 PM |
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Bitcoin is over: don't listen to the professional PR men who come here to tell you that you need to "HODL". It's all part of the sales package that they came up with over cigars in their fancy members only smoking parlors. They tell the rubes to never sell in order to artificially prop up the value and allow them to cash out for early retirement in the Bahamas!
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mooncake
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May 03, 2014, 12:15:28 AM |
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The next wave will be higher than the previous. Why? At the previous, we have wallets, exchanges and QR codes at POS. Today, in addition to those, we have ATMs, debit cards and more merchants accepting btc. The network effect is getting bigger. Btc is now more accessible, whether buying or spending. What we are waiting now is an announcement from an entity to kickstart the process, much like the announcement from Baidu last October.
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TERA
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May 03, 2014, 12:20:22 AM |
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The next wave will be a recovery wave and not set a new ATH because it is in a new supercycle.
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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May 03, 2014, 12:21:20 AM |
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Very very few are going to pour fiat into Bitcoin. Many people know about it, few people own them or want them. Bitcoin seems to a niche. It will make a call that we are saturated. No newcomers.
I agree that if some of world USD millionaires would get in, we might see another bubble. But nothing is gonna happen...
I already issued my final warning. I won't issue any more! When the price stabilizes and begins moving up again, people will be pouring their money into it. The same cycle has happened at least five times already, and each time it draws in more curious spectators due to press and the low barrier to entry. There are literally billions of dollars waiting to move in, currently sitting in hibernation. This next bubble is going to be EPIC. My palms are getting sweaty just thinking about it Have you issued your final final warning? Because your allowed multi final warnings, but once you issue the final final warning, you can't issue final warnings anymore.. Tell that to the writers of Final Destination
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mrbrt
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May 04, 2014, 02:14:56 PM |
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Oh no god forbid I hold that evil fiat; my sovereign backed currency which pays my bills, my taxes, most of my purchases, etc. The 3% inflation per year is going to kill me.
Depending on which fiat you are holding, the real inflation rate is likely much higher than the "official" 2-3%.
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voluntarist500
Member
Offline
Activity: 112
Merit: 10
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May 04, 2014, 08:26:42 PM |
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slightly different fits perfect on the other period. That line is broken. If we go sideways no for a while that other supportline may not even be tested again. But i admit it could be tested one last time but that is no sure thing.
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altcoin with very low inflation, active community, no premine, fair distro and secure network: exactly what you want to invest in? Support Unobtanium
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wanna4fun
Member
Offline
Activity: 119
Merit: 100
noobie
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May 04, 2014, 08:42:22 PM |
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you're wrong about your line. you need to use a logaritm function in order to stick the market history... hint : weight the historic market for a given period then you have a "dot" wich will represent the price of btc. With all the dot you can generate a log function on excel. magically, you have a trend. long or shot trend depends on the period each dot represent and how many dot you have from then to now.
you can now speculate. have fun and go burn in hell.
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r34tr783tr78
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May 05, 2014, 12:59:08 AM |
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The only thing notorious about the OP chart is the breached support line at 380 by the dip to 336.
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