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Author Topic: Crash!!!!  (Read 34017 times)
blablahblah
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April 10, 2012, 10:51:47 PM
 #41

we are still at first stage, can you imagine what we can get at stage 3; block USD/EUR deposits, block most ways to get fiat in or out of the system, charging ppl and put them on jail etc then you can see the true bullish sentiment, the day u cant exchange btc for fiat then btc wins, the the true value will show up, until then we just get a large amount of ppl who hope to get rich  by one lucky strike, sell bitcoin at the moon price, cash out and retire.
Right now Bitcoin has an underdog mentality. But at stage 3, who's blocking who? Cheesy
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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April 10, 2012, 10:52:13 PM
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Crypt_Current
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April 11, 2012, 09:23:56 AM
 #43

10:1 at bitcoinica is so 2011  Grin

SOOOOOOOOOOOOOO fucking 2011
FTFY  Cheesy

Where's the 50:1?  Bring it on  Grin

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April 11, 2012, 06:50:33 PM
 #44

UP?Huh  Grin

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April 11, 2012, 07:16:30 PM
 #45

UP?Huh  Grin
it only take 100k USD to get at 4,95  Grin

I know.  Isn't that awesome!

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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April 11, 2012, 08:13:22 PM
 #46

It is struggling with 4.90 isn't it?
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May 11, 2012, 12:08:18 AM
 #47

We're crashing

ineededausername
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May 11, 2012, 12:14:43 AM
 #48

short squeeze any moment now

(BFL)^2 < 0
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May 11, 2012, 12:59:11 AM
 #49

short squeeze any moment now

Bounce

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May 11, 2012, 01:05:25 AM
 #50


what a lame selloff by one guy.
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May 11, 2012, 01:07:54 AM
 #51

My prediction: even less panic than during the previous sell-offs, possibly a strong rebound afterwards. Short squeeze is possible as well I suppose.

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May 11, 2012, 01:14:39 AM
 #52

You guys and your short squeeze messiah.  He isn't coming.  

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
ineededausername
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May 11, 2012, 01:16:01 AM
 #53

You guys and your short squeeze messiah.  He isn't coming.

I bet that's what you said last time too...

(BFL)^2 < 0
proudhon
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May 11, 2012, 01:18:18 AM
 #54


Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
David M
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May 11, 2012, 01:22:28 AM
 #55


Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.

Dave says no.
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May 11, 2012, 01:27:23 AM
 #56


Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.

THAT is your reason?

this last selloff was clearly a manipulation move by one player and it's already failed.

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 
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May 11, 2012, 02:08:23 AM
 #57

this last selloff was clearly a manipulation move by one player and it's already failed.

It was a lame 'crash', but at least it let me hit my buy order at $4.85 and sell soon afterwards for an easy profit.  All is good as long as people don't do something stupid like panic and drop the price much further.  I wouldn't like that  Cheesy

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 

I wouldn't call the current gold/silver action a crash.  Where's all that money going?  Repaying debt and another gambling, I mean, trading losses.  I'm pretty confident in saying virtually nothing is heading towards bitcoin.
proudhon
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May 11, 2012, 02:16:26 AM
 #58

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 

I wouldn't call the current gold/silver action a crash.  Where's all that money going?  Repaying debt and another gambling, I mean, trading losses.  I'm pretty confident in saying virtually nothing is heading towards bitcoin.

+1

Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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May 11, 2012, 02:20:18 AM
 #59

I'm pretty confident in saying virtually nothing is heading towards bitcoin.

i wouldn't be so sure about that.  the general risk asset selloff is going to be huge especially after what's happened to JPM tonite.  yes, the USD is going to go up and UST's a bit.  but traders HATE being in simple cash, as in USD's, and they're increasingly hating UST's.  there's no return and they are in fact risky. 

i'm pretty sure the smart investors, especially the one's who've been in gold/silver, will take a flier on digital cash (Bitcoin) that has huge upside potential.  after all, it's worth 5 times one USD after just 3.5 yrs of existence whereas all other fiat currencies are close to parity.
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May 11, 2012, 02:30:19 AM
 #60

I'm pretty confident in saying virtually nothing is heading towards bitcoin.

...  and they're increasingly hating UST's.

I'm sure this is true.  This is why there will be QE3 and once QE3 happens, next year I guess, then there will be a long slow rise in gold to over $2000.

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