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GreenCoin22 (OP)
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September 29, 2014, 02:47:59 AM |
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The volume of the last six months:  The price of the last six months:  What happened??  |
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hyphymikey
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September 29, 2014, 03:02:19 AM |
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Whales cashing out. Which is good for bitcoin. Distributing the hoards of coins to people who have a chance to actually use those coins is better than a few big holders just sitting on all those coins. Once they are done selling what they want, selling pressure should decrease. How long that will take no one knows.
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notme
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Activity: 1904
Merit: 1002
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September 29, 2014, 03:37:03 AM |
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Look at the last 18 months and maybe you'll see a bigger picture.
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GreenCoin22 (OP)
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September 29, 2014, 04:03:34 AM |
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Look at the last 18 months and maybe you'll see a bigger picture.
do you mean that? If there were no chinese involved, the Bitcoin prices are steadily increase from $100 to $400, and now we should be cheering instead of sorrow.. |
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njcarlos
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September 29, 2014, 05:00:13 AM |
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 This seems a bit more accurate. |
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vigsun
Newbie
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Activity: 30
Merit: 0
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September 29, 2014, 09:38:37 AM |
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You're a rare talent, but the key is that I was buying bitcoins after chinese had joined.
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Tzupy
Legendary
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Activity: 2170
Merit: 1094
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September 29, 2014, 09:41:32 AM |
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It's normal for volume to increase during the last phase of the bear market, with the biggest drops.
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Sometimes, if it looks too bullish, it's actually bearish
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Oscilson
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September 29, 2014, 10:05:18 AM |
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The volume from the Chinese exchanges should be discounted due to the 0% fee.
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yokosan
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September 29, 2014, 10:07:18 AM |
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The next bubble will come from one of the following:
- Eastern Europe
- Philippines
- Thailand
OR:
- Some other country where remittance is a big deal
Pick your poison.
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MrPiggles
Sr. Member
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Activity: 980
Merit: 256
Decentralized Ascending Auctions on Blockchain
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September 29, 2014, 10:18:01 AM |
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The next bubble will come from one of the following:
- Eastern Europe
- Philippines
- Thailand
OR:
- Some other country where remittance is a big deal
Pick your poison.
Remittance isn't a big part of the Thai economy |
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sbrzol
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September 29, 2014, 11:06:05 AM |
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The next bubble will come from one of the following:
- Eastern Europe
- Philippines
- Thailand
OR:
- Some other country where remittance is a big deal
Pick your poison.
haha, Eastern Europe? Are you kidding? In Hungary nobody knows about bitcoin , 1 bitcoin ATM and some shops nothing else |
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crocko
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September 29, 2014, 11:47:13 AM |
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IMO many people from the ENTIRE world don't know about the Bitcoin and crypto currency.
Actually there are only a small percent who know about this.
When more people will use Bitcoin , the price will climb again.
Until then, only the big companies "embraced" the Bitcoin phenomena , and cash out immediately, hurting the Bitcoin price.
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intighet
Member
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Activity: 83
Merit: 10
mene mene tekel upharsin
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September 29, 2014, 12:44:28 PM |
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It's normal for volume to increase during the last phase of the bear market, with the biggest drops.
+1 |
Malus pro bono surrepat, et bonus pro malo displiceat; fallaces enim sunt rerum species, quibus credidimus.
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BitCoinNutJob
Legendary
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Activity: 1316
Merit: 1000
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September 29, 2014, 07:04:55 PM |
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The bear market wont be lasting much longer the increased volume is showing us this. Its all very nice timing with fundamentals intact and the colder weather now hitting europe USA making all online activity upwards.
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Oscilson
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October 03, 2014, 08:36:10 AM |
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The bear market wont be lasting much longer the increased volume is showing us this. Its all very nice timing with fundamentals intact and the colder weather now hitting europe USA making all online activity upwards.
If the cooling cost is lower for BTC miners, then the incentive for them to sell is bigger. |
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Bit-Gods
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October 03, 2014, 08:39:44 AM |
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I think we will go down to ~300$ and then the way is only up.
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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October 03, 2014, 10:43:30 AM |
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I think we will go down to ~300$ and then the way is only up.
Or even $280, but shorting now is risky as floor may be above 300. Now I'm waiting with my bids placed from $280 to $350. |
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ElGabo
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October 03, 2014, 01:24:47 PM |
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The next bubble will come from one of the following:
- Eastern Europe
- Philippines
- Thailand
OR:
- Some other country where remittance is a big deal
Pick your poison.
haha, Eastern Europe? Are you kidding? In Hungary nobody knows about bitcoin , 1 bitcoin ATM and some shops nothing else I don't think so.... Just nobody speaks about it because of tax laws and others... |
" I'm waiting for my punishment, I know it's on my way
So cut, cut, cut me up and fuck, fuck, fuck me up"
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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October 03, 2014, 01:29:55 PM |
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haha, Eastern Europe? Are you kidding?
In Hungary nobody knows about bitcoin ,
1 bitcoin ATM and some shops nothing else
see what append in 3 months with the swiss country (after official law accepted) = new ATM and seller ! More than other near countries ! |
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kwukduck
Legendary
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Activity: 1937
Merit: 1001
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October 03, 2014, 01:33:40 PM |
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What confuses me most is how the order books look, add it all together and there's so much more buying pressure than selling pressure, which makes me think that there's a few big whales (maybe even one?) that keep on selling down and not many other people.
It's not very nice to see the value in such long term decline, on the other hand, we really don't want people holding 50-300k btc single handedly i'd think, so spreading the coins is good i guess...
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