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Author Topic: I recommend everybody SELLs...  (Read 7574 times)
fabianhjr
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April 19, 2011, 05:03:25 AM
 #21

I don't know what I'm talking about. I only made this in my irrational attempt to short-shell.
Basically he was making an attempt to sell, make the price go down by scaring the participants and then buy more BTC than he started with.

He was making the next event up with no bases. As long as I am concerned this rally could really last until the 1.5 mark 3 days from now.
You can see that because of the trade volumes, the Market depth, and the MACD indicator. Please note I don't have as much experience as S3052 has, so don't take my worth for it and be safe.

There was a spike in Feb from Slashdot and now I think the spike is from a Time magazine internet story.  

I think reason x cause effect y on the Bitcoin exchange!

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BioMike
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April 19, 2011, 05:35:36 AM
 #22

Wow... people must be really wanting those Alpaca socks...
gigabytecoin
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April 19, 2011, 08:36:43 AM
 #23

I just sold 250k bitcoins. Thanks for the tip.
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April 19, 2011, 09:27:03 AM
 #24

The least risk averse VC's are buying.

I highly doubt this.  Any source on any VC's investing in Bitcoin?

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April 19, 2011, 10:19:46 AM
 #25

The least risk averse VC's are buying. There are more waves of other types of VC's coming into bitcoin economy. Many new business require reserves of bitcoin they buying too... Supply and demand baby! See ya at GBP parity party soon... beer is on me.


I'll take the beer, thanks Wink

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April 19, 2011, 12:48:27 PM
 #26

I think you are under estimating the current, real-world usefulness bitcoin already has to a certain sector of society, black and grey markets. It maybe difficult and tricky but it is getting better and already better than some of the alternatives ..... while this demand exists there will be 'real trade' floor under the market that is not speculative.
 



This is probably correct and something I need to try to look into to try to measure where it's at.  Obviously a big player in a gray/black market (that's legal in some countries) would make a huge impact.  I need to learn more about this to have an informed opinion.
barbarousrelic
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April 19, 2011, 01:05:06 PM
 #27

I think reason x cause effect y on the Bitcoin exchange!
What are you implying when you say this?

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
fabianhjr
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April 19, 2011, 02:36:00 PM
 #28

Fill the blanks and shout it. You will see.

For instance, I think Atlas brag caused the exchange price to drop!
I think reason x  caused effect y on the Bitcoin exchange.

It is a meme dating back to kiba and S3052 as far as I am aware. Tongue

barbarousrelic
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April 19, 2011, 03:19:13 PM
 #29

Fill the blanks and shout it. You will see.

For instance, I think Atlas brag caused the exchange price to drop!
I think reason x  caused effect y on the Bitcoin exchange.

It is a meme dating back to kiba and S3052 as far as I am aware. Tongue

Are you saying that movements in the Bitcoin exchange rate cannot sometimes be attributed to news events?

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
tomcollins
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April 19, 2011, 03:38:18 PM
 #30

Fill the blanks and shout it. You will see.

For instance, I think Atlas brag caused the exchange price to drop!
I think reason x  caused effect y on the Bitcoin exchange.

It is a meme dating back to kiba and S3052 as far as I am aware. Tongue

Are you saying that movements in the Bitcoin exchange rate cannot sometimes be attributed to news events?

This definitely is possible now, especially since very minor stuff can severely move the market.
Andrew Vorobyov
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April 19, 2011, 04:14:03 PM
 #31

"It costs x IN USD and x-10% in BTC"

Until all of us will start pricing things like this bitcoin will be just alternative... and people will be able to live WITHOUT it perfectly..

Read my post for explanations http://bitcointalk.org/index.php?topic=5999.0

For example I plan to accept funds in BTC for lower management fee for my managed account soon.

Now imagine:

-Do you want having x% per month?
-Yes of course! Where to put USD?
-Sorry! No USD - buy BTC and come...

Anyone of us having BTC in their wallet must act like this and you will get your ROI!

Any thoughts about it?

BitterTea
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April 19, 2011, 04:38:26 PM
 #32

Fill the blanks and shout it. You will see.

For instance, I think Atlas brag caused the exchange price to drop!
I think reason x  caused effect y on the Bitcoin exchange.

It is a meme dating back to kiba and S3052 as far as I am aware. Tongue

Are you saying that movements in the Bitcoin exchange rate cannot sometimes be attributed to news events?

My interpretation of the meme is "any speculation on the cause of the exchange fluctuation is speculation".
barbarousrelic
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April 19, 2011, 05:51:10 PM
 #33

Fill the blanks and shout it. You will see.

For instance, I think Atlas brag caused the exchange price to drop!
I think reason x  caused effect y on the Bitcoin exchange.

It is a meme dating back to kiba and S3052 as far as I am aware. Tongue

Are you saying that movements in the Bitcoin exchange rate cannot sometimes be attributed to news events?

My interpretation of the meme is "any speculation on the cause of the exchange fluctuation is speculation".
Speculation with varying degrees of likelihood, depending on the situation.

Do not waste your time debating whether Bitcoin can work. It does work.

"Early adopters will profit" is not a sufficient condition to classify something as a pyramid or Ponzi scheme. If it was, Apple and Microsoft stock are Ponzi schemes.

There is no such thing as "market manipulation." There is only buying and selling.
Anonymous
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April 20, 2011, 01:15:55 AM
 #34

The least risk averse VC's are buying.

I highly doubt this.  Any source on any VC's investing in Bitcoin?

there are

they are also approaching bitcoin based businesses so Ive heard Lips sealed
fabianhjr
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April 23, 2011, 02:22:10 PM
 #35

See! We are right now at 1.40 and it will only increase!
/take your precautions

AtlasONo
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April 23, 2011, 02:36:09 PM
 #36

Who is buying at record high prices?
elewton
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April 23, 2011, 02:47:57 PM
 #37

I'll sell all right...
Sell my useless old USD for some hard currency.
fimp
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April 23, 2011, 03:59:20 PM
 #38

There was a spike in Feb from Slashdot
This seems to be a common misunderstanding. At least it doesn't make sense to me. The Feb rally started around Jan 29. But the Slashdot article wasn't posted until Feb 10. And actually that's about when the rally ended.

So if Slashdot had any effect on the market at all, it seems it must have been to prevent the price from going even lower after the spike.

jtimon
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April 23, 2011, 04:47:27 PM
 #39

I got no data at all but...
Do the spikes in btc coin coincide with big rises in silver?

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
AtlasONo
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April 23, 2011, 05:09:11 PM
 #40

no
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