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Tacticat
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December 21, 2012, 10:40:29 AM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
I do not expect big banks get into btc any time soon. But when it happens, my approach will change. What would happen then? Would the price stabilize or become more volatile? |
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myself
Legendary
 Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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December 21, 2012, 11:59:15 AM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
I do not expect big banks get into btc any time soon. But when it happens, my approach will change. that's not the point, is not about banks ( OMFG SOMEONE SAID BANKS, BANKS COME AND BUY BITCOINS ? LETS MISS READ THE POINT), the banks are the major player, in the bitcoin world one does not need to be a bank to be a major player, each time to price go up the less effect minor players have on the price and for a reason like this funds dont participate on penny stocks and some of them don't even buy stock if the price is under 5USD/share and when a stock goes below 5USD they dump the shares |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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December 21, 2012, 12:43:43 PM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
I do not expect big banks get into btc any time soon. But when it happens, my approach will change. that's not the point, is not about banks ( OMFG SOMEONE SAID BANKS, BANKS COME AND BUY BITCOINS ? LETS MISS READ THE POINT), the banks are the major player, in the bitcoin world one does not need to be a bank to be a major player, each time to price go up the less effect minor players have on the price and for a reason like this funds dont participate on penny stocks and some of them don't even buy stock if the price is under 5USD/share and when a stock goes below 5USD they dump the shares Which is why we should all be shorting bitcoin, yes? |
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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theomar
Newbie
Offline
Activity: 55
Merit: 0
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December 21, 2012, 01:00:36 PM |
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just ask yourself how many ppl do own apple shares ? now go and look at the monthly volume traded by the big banks
I do not expect big banks get into btc any time soon. But when it happens, my approach will change. What would happen then? Would the price stabilize or become more volatile? If big banks decide to join the game first they will try to devaluate btc in order to buy cheap (big players always use such strategy). This could be done by rumors or a plan of making btc illegal but not making it illegal actually (they have the tools to make this happen). When the price falls and starts to stabilize then they buy. If devaluation at some point ever begin then keep a close eye in the volume. |
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myself
Legendary
Offline
Activity: 938
Merit: 1000
chaos is fun...…damental :)
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December 21, 2012, 01:03:57 PM |
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Which is why we should all be shorting bitcoin, yes?
nope, you should to your homework and get your own conclusions develop your entry's and you exit points, trailing stop, you make your own strategies that will allow you to sleep well, the only person who can say buy or sell is a financial advisor and you pay them serious money to do the thinking for you, ofc we can all troll around about going short or going long for the lolz nothing more |
Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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robocoin
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December 21, 2012, 04:46:28 PM |
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some walls are still up but I was the first second to predict it on here: I smell a bear trap
: FTFY Lets call them "scare-walls"! 1. It might be a bullish big player who wants people to panic shorting. 2. It might be a bearish big player who is shitting his pants. 3. It might be a random idiot from the internet with to much Bitcoins. >>> If 2. would be true: we should be aware how deep a drop could go followed by a panic. What ever, a drop below 12 would be unreasonable. If I'll see numbers smaller than 12 I'll surely panicking a little with you... |
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robocoin
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December 21, 2012, 04:53:21 PM |
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Which is why we should all be shorting bitcoin, yes?
nope, you should to your homework and get your own conclusions develop your entry's and you exit points, trailing stop, you make your own strategies that will allow you to sleep well, the only person who can say buy or sell is a financial advisor and you pay them serious money to do the thinking for you, ofc we can all troll around about going short or going long for the lolz nothing more Actually true. I don't pay for any advisory service, I need the adrenaline! Maybe I'll get this ga-bitbot working to send reports to me without trading... I need a Mount Gox demo account with 100000$ lol. |
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mccorvic
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December 21, 2012, 05:06:21 PM |
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3. It might be a random idiot from the internet with to much Bitcoins.
I always assume this is the case. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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December 21, 2012, 09:52:00 PM |
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Which is why we should all be shorting bitcoin, yes?
nope, you should to your homework and get your own conclusions develop your entry's and you exit points, trailing stop, you make your own strategies that will allow you to sleep well, the only person who can say buy or sell is a financial advisor and you pay them serious money to do the thinking for you, ofc we can all troll around about going short or going long for the lolz nothing more Yeah, but we all know deep down long term this thing isn't going to work out. Amiright?  |
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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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 21, 2012, 09:54:01 PM |
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Which is why we should all be shorting bitcoin, yes?
nope, you should to your homework and get your own conclusions develop your entry's and you exit points, trailing stop, you make your own strategies that will allow you to sleep well, the only person who can say buy or sell is a financial advisor and you pay them serious money to do the thinking for you, ofc we can all troll around about going short or going long for the lolz nothing more Yeah, but we all know deep down long term this thing isn't going to work out. Amiright? DOWN!!!!!  |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 22, 2012, 03:07:59 AM |
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the 10 day chart looks scary, looks like we are about to fall of a cliff  |
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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December 22, 2012, 03:18:32 AM |
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the 10 day chart looks scary, looks like we are about to fall of a cliff You're talking about the DOW right? |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 22, 2012, 06:04:53 AM |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 22, 2012, 06:17:24 AM |
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The Satoshi Nakamoto walks into a bar Joke! satoshi nakamoto walks into a bar. meets a seasoned C++ programer tells him about bitcoin. the programer loves it! but he ask " How do you know this algorithm really works?" satoshi Lols and says "NO no its Solid Code... I Tested it  " |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 22, 2012, 06:55:37 AM |
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lol what does it look like. i had fun with paint you dont like it   |
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zoinky
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December 22, 2012, 06:58:17 AM |
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12.50 here we come?
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robocoin
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December 22, 2012, 06:58:27 AM |
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lol what does it look like. i had fun with paint I agree with you |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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December 22, 2012, 07:01:24 AM |
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lol what does it look like. i had fun with paint I agree with you that Glowing Candle strait Up to 32++ is coming one day soon i can feel it, and why not slide up while waiting |
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robocoin
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December 22, 2012, 07:05:34 AM |
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lol what does it look like. i had fun with paint I agree with you that Glowing Candle strait Up to 32++ is coming one day soon i can feel it, and why not slide up while waiting It's actually looking like a new year's eve party^^ I'll enjoy it. |
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