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bitcoinsrus (OP)
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June 13, 2014, 06:12:11 PM
Last edit: June 14, 2014, 08:21:06 PM by bitcoinsrus |
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I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
edit: thanks to first post. I forget to mention why I asked the question in the post. The whole selling of the 30k coins and other bs fud is questionable on the impact of the price.
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Gianluca95
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Reputation first.
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June 13, 2014, 06:22:45 PM |
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I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense. Nobody can know if the price will move on or drop, but I'm confident that price will rise by August  |
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SirChiko
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June 13, 2014, 06:26:17 PM |
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I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense. Nobody can know if the price will move on or drop, but I'm confident that price will rise by August It shouldn't affect the price that mutch, they won't be dumping them on exhcanges but it probably will as traders are panicking as always. |
The only online casino on which i won something. I made 17mBTC from 1mBTC in like 15 minutes. This is not paid AD!
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Scott J
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June 13, 2014, 06:29:17 PM |
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The U.S. government selling BTC is extremely bullish IMO.
Just like the Silk Road bust preceded a bubble, the sale of the SR coins will precede this coming bubble.
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Torque
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June 13, 2014, 06:31:54 PM |
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the sale of the SR coins will precede this coming bubble.
But why? |
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Scott J
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June 13, 2014, 06:33:43 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
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bitcoinsrus (OP)
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June 13, 2014, 06:36:59 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Why don't they keep it, so they own a stake in bitcoin for the foreseeable future? (or sell during the next few run ups) |
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Scott J
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June 13, 2014, 06:41:35 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Why don't they keep it, so they own a stake in bitcoin for the foreseeable future? (or sell during the next few run ups) I don't think someone in the office at the U.S. Marshals Service could justify speculating on, or market trading, Bitcoin. They have to treat it just like any other seized asset and sell it at market rate. |
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williamevanl
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June 13, 2014, 06:45:36 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Until they impose crazy regulation once they rid themselves of Bitcoin. There is definitely a trend here and its that most mainstream entities are willing to interact with Bitcoin, but just as a means to quickly convert it to Fiat. Even all the recent retailers are just taking it and swapping it for dollars. I unfortunately think that speculation has led to Bitcoin being severely overvalued in the short term. When businesses want to accept and keep Bitcoin it's price will warrant something close to where it is at. |
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marcoman22
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June 13, 2014, 06:46:13 PM |
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Will bitcoin price fall again below 500 after US government starts selling BTC ?
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Scott J
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June 13, 2014, 06:52:58 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Until they impose crazy regulation once they rid themselves of Bitcoin. There is definitely a trend here and its that most mainstream entities are willing to interact with Bitcoin, but just as a means to quickly convert it to Fiat. Even all the recent retailers are just taking it and swapping it for dollars. I unfortunately think that speculation has led to Bitcoin being severely overvalued in the short term. When businesses want to accept and keep Bitcoin it's price will warrant something close to where it is at. Considering my expectations, I think the US has been very pro Bitcoin from a regulatory standpoint. Of course businesses will swap BTC for USD at the moment - the technology is new and the price is unstable. Unless you have a Bitcoin advocate CEO, no business will remain in BTC after the sale. This will hopefully change in a number of years time as adoptance grows, but we have to move through a process first. |
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Gimmelfarb
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June 13, 2014, 06:54:26 PM |
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still on for july? you mean $5k in a month, or whatever? no, i don't see that happening. but i was very unconvinced of an incoming bubble even after the rise from 440s, so i guess i'm a skeptic.... still think 550 is a good buy for the short/medium term.
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blatchcorn
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June 13, 2014, 07:05:29 PM |
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I am panic buying in preparation for July
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Scott J
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June 13, 2014, 07:09:46 PM |
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 This poorly print-screened chart shows where BTC crashed to $85 from ~$127 due to Silkroad being shutdown.... this was right before the last bubble. |
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Gimmelfarb
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June 13, 2014, 07:17:08 PM |
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I am panic buying in preparation for July
why would you be panic buying while the price is dropping? do you mean actually market buying? LOL... let those limit orders sit and grab them cheap coins.... |
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lordoliver
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expect(brain).toHaveBeenUsed()
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June 13, 2014, 07:33:30 PM |
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I remember reading tons of posts for good news in July (not ATH, but relatively high). Do you guys think its still on, or will August or September be a better time frame. (Not ATH but like 700-900 or so).
Thoughts appreciated.
With the news that U.S. Government will sell 30.000 Bitcoin, all of good news doesn't have any sense. Nobody can know if the price will move on or drop, but I'm confident that price will rise by August OMG, I can't read it any more... look at the btc traffic. 30k is NOTHING: 24h global trading volume ฿ 112,274.63 |
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Benjig
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June 13, 2014, 07:39:15 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Yea, it will just a little drop but in the next weeks that event will trigger such a bullish run, i mean an official us government auction is something really good to bitcoin. |
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Gimmelfarb
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June 13, 2014, 07:50:16 PM |
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The sale is a massive validation of Bitcoins fungibility and legality.
Yea, it will just a little drop but in the next weeks that event will trigger such a bullish run, i mean an official us government auction is something really good to bitcoin. but the news is already well disseminated. what makes you think this will suddenly "trigger" a massive bull run in the coming weeks? i think this is yet another long term bullish indicator, but i see no reason why we will jump into bubble mode over it. |
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Wilhelm
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June 13, 2014, 07:54:22 PM |
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This poorly print-screened chart shows where BTC crashed to $85 from ~$127 due to Silkroad being shutdown.... this was right before the last bubble. Yes this could be the beartrap that means MooOOoonTime!!!!! |
Bitcoin is like a box of chocolates. You never know what you're gonna get !!
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Gimmelfarb
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June 13, 2014, 08:05:10 PM |
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This poorly print-screened chart shows where BTC crashed to $85 from ~$127 due to Silkroad being shutdown.... this was right before the last bubble.
Yes this could be the beartrap that means MooOOoonTime!!!!! i would be very wary of using that huge data set of "1" to assume that now we are heading to the moon. it's possible, but it's not the strongest case. |
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