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indiemax
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October 24, 2014, 06:29:52 PM |
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The next 48 hours are crucial.   Anything can happen in the next 5 minutes  |
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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Nagle
Legendary
 Offline
Activity: 1204
Merit: 1000
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October 25, 2014, 05:53:54 AM |
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In the last three weeks, the price has been briefly above $400 and briefly below $300. Right now, it's around $350. What's special about $350?
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LightningBlade
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October 25, 2014, 06:58:53 AM |
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Well, if it drop below $350, people might just panic sell..
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fewcoins (OP)
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October 25, 2014, 01:25:36 PM |
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Well, if it drop below $350, people might just panic sell..
The panic sellers have brought us to 340 but we will have that lovely bounce soon |
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maker88
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October 25, 2014, 01:32:33 PM |
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i think the question is why is 350 an important level. and the answer is, it isn't. until we break 265 I'm not sweating
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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October 25, 2014, 01:35:12 PM |
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i think the question is why is 350 an important level. and the answer is, it isn't. until we break 265 I'm not sweating
Agreed. 265 is VERY important |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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CryptoCarmen
Member
Offline
Activity: 84
Merit: 10
★Bitin.io★ - Instant Exchange
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October 25, 2014, 01:52:17 PM |
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The next 48 hours are crucial. Yes weekend can sink the ship to the bottom of the ocean. We all know what then wil happen. They did nto found Titanic for almost 100 years and will take 100 more to pull it out of the deep watter. |
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fewcoins (OP)
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November 01, 2014, 02:57:56 PM |
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i think the question is why is 350 an important level. and the answer is, it isn't. until we break 265 I'm not sweating
Agreed. 265 is VERY important No actually 265 will be the level which people will start heading for the hills!!! |
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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November 01, 2014, 03:15:25 PM |
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Ain't gonna lie, this downward trend is starting to concern me.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 01, 2014, 03:27:30 PM |
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Ain't gonna lie, this downward trend is starting to concern me.
At what point does a Legendary member cut his loose.. |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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BlindMayorBitcorn
Legendary
Offline
Activity: 1260
Merit: 1115
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November 01, 2014, 03:28:23 PM |
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i think the question is why is 350 an important level. and the answer is, it isn't. until we break 265 I'm not sweating
Agreed. 265 is VERY important No actually 265 will be the level which people will start heading for the hills!!! Dude! Sarcasm emoji. Geez |
Forgive my petulance and oft-times, I fear, ill-founded criticisms, and forgive me that I have, by this time, made your eyes and head ache with my long letter. But I cannot forgo hastily the pleasure and pride of thus conversing with you.
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sniveling
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November 01, 2014, 03:34:47 PM |
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Ain't gonna lie, this downward trend is starting to concern me.
That's worrying considering you must have seen this a few times before. Do you have a trading strategy for this scenario? 350 is long gone, today's bitstamp low is 319.9. |
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fewcoins (OP)
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November 01, 2014, 06:25:49 PM |
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Ain't gonna lie, this downward trend is starting to concern me.
That's worrying considering you must have seen this a few times before. Do you have a trading strategy for this scenario? 350 is long gone, today's bitstamp low is 319.9. Would have been a steal to grab more at 320, I had my limits set above that  but honestly we can't break 300... Many people want to grab coins at that price, including miners! |
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ravenjt
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November 01, 2014, 06:39:55 PM |
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If we go below the previous ATH, then some early adopters will be looking at losses.
But that could be good, shaking up this stagnant market and bring back the good old days of pump and dump.
The market has been held up my moronic bulltards trying to soak up the endless supply of mined coins, chanting choo choo as the price has slowly declined. Yawn.
If these plonkers get shaken out then the volatility can return and then there will be a reason to trade btc.
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arbitrage001
Legendary
Offline
Activity: 1067
Merit: 1000
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November 01, 2014, 06:56:51 PM |
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Ain't gonna lie, this downward trend is starting to concern me.
That's worrying considering you must have seen this a few times before. Do you have a trading strategy for this scenario? 350 is long gone, today's bitstamp low is 319.9. Would have been a steal to grab more at 320, I had my limits set above that but honestly we can't break 300... Many people want to grab coins at that price, including miners! It has broken below 300 just not too long ago. Cost of production for small time miner has now exceed the return by long margin. |
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Colty
Newbie
Offline
Activity: 8
Merit: 0
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November 01, 2014, 06:58:42 PM |
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Not to worried like everyone said, around the $260 area is when I'll become panicked. I only have 4btc right now so not to much to worry about. Let's hope for the best and see this bounce sooner than we expect  |
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Xian01
Legendary
Offline
Activity: 1652
Merit: 1067
Christian Antkow
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November 01, 2014, 07:48:23 PM
Last edit: November 01, 2014, 08:32:01 PM by Xian01 |
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Ain't gonna lie, this downward trend is starting to concern me.
At what point does a Legendary member cut his loose.. That'll be for my nieces and nephews to decide. I'm hodling. re: Trading strategy, I have none. I've been a miner for a few years now. To that end, I'm not sure if I see myself continuing to run my farm come New Year. Will probably shut everything down and sell it off (the rigs, not the BTC) |
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njcarlos
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November 01, 2014, 10:20:40 PM |
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re: Trading strategy, I have none. I've been a miner for a few years now. To that end, I'm not sure if I see myself continuing to run my farm come New Year. Will probably shut everything down and sell it off (the rigs, not the BTC)
I take it you're not running profitably at the moment then? |
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sniveling
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November 01, 2014, 10:32:03 PM |
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re: Trading strategy, I have none. I've been a miner for a few years now. To that end, I'm not sure if I see myself continuing to run my farm come New Year. Will probably shut everything down and sell it off (the rigs, not the BTC)
I take it you're not running profitably at the moment then? What price does bitcoin need to fall down to before you start shutting down? I heard various prices required to mine a bitcoin here. I guess if you already paid for your equipment it comes down to how much you pay for electricity. |
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canary
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November 02, 2014, 08:10:26 PM |
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I'm waiting for testing $300 in 5-10 days.
Everybody is waiting for 'big' pump in November, what is the reason for this?
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