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m3 (OP)
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May 25, 2014, 10:32:20 AM |
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This article will explain why bitcoin is rising so fast http://www.btcfeed.net/news/why-bitcoin-is-rising/We have merchant adoption, a voice in congress, and positive news legally. Any of you think we will break $1000 in the upcoming weeks? |
| THEMERKLE | ... |
| ●.BTC.●.LTC
● XMR.● DASH
.● DOGE.● ETH
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"There should not be any signed int. If you've found a signed int
somewhere, please tell me (within the next 25 years please) and I'll
change it to unsigned int." -- Satoshi
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MatTheCat
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May 25, 2014, 10:41:11 AM |
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Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes). Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market. |
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cypherdoc
Legendary
 Offline
Activity: 1764
Merit: 1002
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May 25, 2014, 10:41:40 AM |
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Wow, that article explained everything.
Rubble?
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painlord2k
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May 25, 2014, 11:37:46 AM |
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Because all liquidity was, in the past months, absorbed by vendors keeping profits in bitcoins, new investors and savers and new users.
Mining, also, have reduced the pace of increase, so the new coins mined are like 10% less.
The miners stopping production were the marginally productives, so the miners more probable to sell all their coins to pay up power and HW.
The miners staying in production produce the same coins, but are able to keep a sizeable part.
So this reduced the supply of new bitcoin to the market.
Add the fact, China can ban Bitcoin so much times before the ban have no effect on the market:
1) Because they have sold all their coins
2) Because the ban is proved toothless
And huge quantities of VC money entering the market to fund development.
Up today, 400 M $ this year we know about, just from big VC. This without counting the investments of medium/small/tiny firms.
And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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May 25, 2014, 11:44:45 AM |
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Don't try to explain it or fight it.
Just go with it.
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DustyRah
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May 25, 2014, 04:08:58 PM |
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Don't try to explain it or fight it.
Just go with it.
Ditto brotherman! |
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fonzie
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May 25, 2014, 04:10:02 PM |
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"To know death, Otto, you have to fuck life in the gallbladder" www.hsbc.com - The world´s local bank "These FUDsters are insane egomaniacs that just want cheap BTC" - oblivi |
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dropt
Legendary
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Activity: 1512
Merit: 1000
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May 25, 2014, 04:15:04 PM |
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Blah Blah Blah fucking Blah.........(cos fundamentals change every 5 minutes). Bitcoin is rising due to the same old blend of sentiment swing and whale tinkering and playing with the market. Cry us another river why don't you, fkn clown. |
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Richard Branson
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May 25, 2014, 04:16:17 PM |
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Better sell now. Just told you so...
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GoofyUK
Newbie
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Activity: 28
Merit: 0
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May 25, 2014, 04:17:13 PM |
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Better sell now. Just told you so...
thx rich! |
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Richard Branson
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May 25, 2014, 04:19:14 PM |
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I think 165% profit within 6 weeks is very good!
Didn't you all buy back/in at 340-400$?
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El Cabron
Gnomo
VIP
Hero Member
Offline
Activity: 840
Merit: 1000
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May 25, 2014, 04:20:24 PM |
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Don't try to explain it or fight it.
Just go with it.
Sounds like something a rapist would say  |
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Bitcopia
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May 25, 2014, 04:37:43 PM |
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I think 165% profit within 6 weeks is very good!
Didn't you all buy back/in at 340-400$?
No.. very few people were lucky enough to get coins during that flash crash. But there are plenty of super inflated egos around here to tell everybody that they did buy back sub- $400. Truth is, the smart ones with a higher risk tolerance bought when price was flattening around $440 for a few days. They smart ones who are a little more risk averse (myself included) bought around $520, after the downtrend was broken with somewhat strong conviction. The super risk averse won't buy until there are regulated U.S. exchanges in place. When this happens you can bet on another huge increase in price, and this will happen some day. |
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amitrwt
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May 25, 2014, 05:06:25 PM |
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Better sell now. Just told you so...
Sorry Sir, not gonna sell..! !!  will I regret it if btc falls ? No its just calculated risk from my side, Hope it pays off |
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xDan
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May 25, 2014, 05:08:57 PM |
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And we are at the end of May. At this pace, it could be 1 billion $ before the end of the year.
pfffft. It will be at least a $trillion. Per satoshi. |
HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 25, 2014, 05:24:08 PM |
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crossquote from the wall thread: http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol |
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inca
Legendary
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Activity: 1176
Merit: 1000
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May 25, 2014, 05:26:27 PM |
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crossquote from the wall thread: http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol Not sure you will get the FUD you expect this weekend matey. |
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ElectricMucus
Legendary
Offline
Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 25, 2014, 05:27:37 PM |
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crossquote from the wall thread: http://willyreport.wordpress.com/So basically, each time, (1) an account was created, (2) the account spent some very exact amount of USD to market-buy coins ($2,500,000 was most common), (3) a new account was created very shortly after. Repeat. In total, a staggering ~$112 million was spent to buy close to 270,000 BTC – the bulk of which was bought in November. So if you were wondering how Bitcoin suddenly appreciated in value by a factor of 10 within the span of one month, well, this is why. Not Chinese investors, not the Silkroad bust – these events may have contributed, but they certainly were not the main reason. But more on that later.
lol Not sure you will get the FUD you expect this weekend matey. I'm fishing for laffs and this provides me plenty. |
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MatTheCat
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May 25, 2014, 05:31:31 PM |
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Cry us another river why don't you, fkn clown.
Q) Why would I want to cry you a river if I am making money u fkn bag holder? A) Don't answer, I am going to have to add you to my already very large list of fuckwits who are on ignore because they absolutely never have anything of value to say, whether I agree with them or not. I waste too much time allowing my mindset to be polluted by Kool-Aid guzzling Bitcoin Nutters on this place, and then skewed by my counter reaction against them, and it costs me. Now kindly fuck off.....I am trying to figure out whether Bitcoin breaks down from what looks to be a bearish descending triangle or whether this triangle transforms itself into a more bullish formation. |
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Dimrain13
Member
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Activity: 61
Merit: 10
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May 25, 2014, 06:21:32 PM |
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Simple answer look at the ALT coins. They just got ASICs and they are trading them in for BTC at a higher volume. Plus news for BTC keeps going around with paypal. Looks like it will be taking a large Turn upward for the next few months... I look forward to it. Think of it like that. Alsothe block chain split will drive it up double what ever we get to this September (hoping 5k we will see)
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