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TVarmy posted:no, you don't understand, the market's being unfair! the market is being distorted by
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Aug 18, 2014 20:26
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This is actually bullish https://bitcointalk.org/index.php?topic=744639.20 quote:This is actually bullish quote:I like it. Rich get richer, weak hands lose everything. Before the last bubble it dropped down to 60$ and the ATH turned out to be 1200$. Even if we drop down to 333$ then a comparable next bubble would ATH at 6666$ and BTW a drop down to 333$ would be proportionally equal to the pirate40's default in August 2012. Everything is normal quote:I was not this excited when we dipped below 400. It feels different this time. And well, if it isn't, more coins for my fiat next month. Either way it's a win. quote:This SUCKS. Won't get fiat into the exchange until in 3 days Sad
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Aug 18, 2014 20:33
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Guys I know that a decentralized currency is superior but maybe we should form some sort of regulatory body that sets price floors so that I don't lose all of my money???
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Aug 18, 2014 20:34
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Bitcoin markets i knew i was forgetting a thing to do this morning. Their daily discussion is a pile of infighting right now: FeedthemcakeLong-term Holder 36 points 6 hours ago The doom and gloom in here is wild. Watching human psychology on a graph and in thoughts displayed here is fascinating. KibubikBearish 18 points 5 hours ago Today is the first day I've ever seen real despair around here. People are losing their poo poo. Beetle559 16 points 5 hours ago The worst part is that coins are moving from the hands of little guys to big guys on days like today. Same old story I guess. This is a real "blood in the streets" day. ciscofrisco 3 points 4 hours ago Ha, prolly a good time to buy! Personally I don't think there's any chance of hitting 340 like in April whatever happens they'll be another run up just need a catalyst. I don't think we will hit any new all time highs but seems like low 800s or high 700s could be possible by the end of the year. I'm thinking 2ndQ of 2015 before we see a new all time high. Till then it's just a cycle despair and praise UnderpaidBIGtimeBullish 6 points 4 hours ago "Personally I don't think there's any chance of hitting 340 like in April" Oh wait...Btc-e $309 ciscofrisco 5 points 4 hours ago* I just watch coinbase cause if I were to cash out it would not be through shady Btc-e chrisidoneBullish 24 points 6 hours ago I should have never invested all that money these past 9 months... Was it worth the risk? It feels like I've done a complete failure... I forget what the price is anymore... I wake up each morning, check the price and laugh at myself literally. Dam it hurts... What is worse is knowing that I believe in bitcoin and the viability it can provide one day. Yet it seems like adoption will never catch on. minimalniemandLong-term Holder 10 points 5 hours ago they're shaking the weak hands like nurses in an hospice ibankbtc 8 points 10 hours ago* Market update: Market is consolidating at the lows. Market did bounce yesterday, but sold off fast. Simply put, bulls are weak at this price. In bull's case, although not probable, we need to retest 500 and breakout above, creating some sort of double bottom for recovery. During a down trend (I know some believe otherwise), it is best to follow the trend and short the bounces just like in a bull market, you buy high, sell higher. I shorted some more Bitcoins yesterday at 500 yesterday, was away from computer to do an update. (ed note: the gently caress is this guy going on about?)
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Aug 18, 2014 20:35
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Aug 18, 2014 20:37
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Understanding bitcoin price going down and what you can do to about it. (self.BitcoinMarkets) submitted 8 hours ago * by flibbrMarketplaceBullish Why is China dumping the poo poo out of BTC ? Chinas Miners Well, we know the chinese make the mining parts, thus they have access to the latest mining chips first and cheaper than anyone else... and their labour is cheap. We know the chinese have big mining operations... Maybe these Chinese miners are just unloading some coins.. they put up more for sale when it goes down.. people see thick asks chasing down and just keep unloading. The Chinese Mentality IF you saw the November run up, you'd see how China rallied... there was no exercising self restraint, no self control, literally sideways.. then explode absolutely completely and utterly vertical. This is typical of their gambling mentatility.. they buy.. sell.. see it going up.. buy more.. sell.. its still going up.. repeat and repeat and repeat until it is so vertical it just completely collapses.. What were seeing right now is the opposite in momentum.. they sell... buy.. see its going lower.. sell again... buy.. see its going lower.. sell again.. and they will just keep going with this momentum until the buy momentum can kick back so strong, with so many people being out of position, it can shift it in a long term momentum reversal. Chinese take profits Chinese trade. Unlike USD exchanges which buy, hodl... hoping for more up.. the chinese are very agressive in how they trade... If a USD exchange goes up.. alot of people will hodl, expecting more up.. if the Chinese see it going down.. they will sell, bank profits from the rally.. then others see it going down and want to bank profits from the rally also.. and thus the whole cycle continues until it has fully retrace... but by then, bearish momentum is strong.. and it goes lower.. and those buys they just bought ? Well fk they don't want to be bag holding.. so they're selling again. But why oh why? People keep saying, "why is price going down?" .. with coindesk reporting things like "bitstamp changes it bank could be causing sell offs".... also, "no clear cause" and "china's markets mirror US" and "margin trading causes price crash" .. hopefully I don't need to actually explain how stupid all of these ideas are to anyone here. I've also heard other things like, "could etherum be the result of the sell off".. again.. hopefully this isn't nessesary to explain away... But really, you want to know why the sell off ? Its because there isn't enough demand to satisfy supply. Its that simple. I mean look, we went up toe $680 on that bullish break of the bearish trend line from the $1200 peak.. it was a purely technical break and even with all the good news, it fizzled hard. Since then, we went back up.... we tried "hodling" waiting for more buyers to show up... but they didn't. So we just went sideways until the hodling wore thin and slowly gravity took its tool. Now, this huge sell off is the realisation by people that all that +$600 time hodling hoping for new buyers that never turned up is not going to take the price up... so people started selling, and now, the selling is people doing 'capital preservation', they are just locking in profits. So how can we get the price to go up so I can get rich? Basically, Bitcoin is brilliant because it is decentralised [One man, Gavin controls source updates!]. . . but it also means.. collectively we have a HUGE pool of vested interest in people building things for bitcoin, promoting bitcoin and working on and for bitcoin. So if you want Bitcoin to go up in value, the best thing you can do, is get off this reddit sitting on your arse reading bubble watch every day living off hopium and actually use whatever skillset you have, to help further embed BTC into society. The more people that come in, the more people use bitcoin, the more valuable the network and thus bitcoin becomes. We have to provide a reason for people to actually want to buy BTC.. and I don't mean a reason for people who think the Gov is going to collapse or the USD to collapse, I mean your everyday plumber joe. People say, "bitcoin is like the internet".. "bitcoin is like email".. "bitcoin is like early facebook S curve" .. but think about those things.. When average joes saw the internet, they wanted to use it, they didn't have to understand it, they just wanted to surf pages looking up knowledge... playing games and so on. When average joes saw email, they wanted to use it, it instantly made communication instant and was so much more efficient means of communication. When people saw facebook, they just wanted to use it because it had their friends on, they could share their pictures..etc... it fulfilled a need. Now.. with bitcoin, people say, 'ah yeah its great, but I can already buy stuff with my debit card and I have fraud protection' and so on... people don't jump to bitcoin instantly because they don't know why they need it [yet].. sure, maybe the gov will come and start taking their money, their country has run away inflation.. whatever, but 99% of people see facebook and want to go on it.... 99% of people see bitcoin and say, 'but yeah why do I want it?' . . these are things we have to confront, address and solve. EDIT: Come and talk to me and others now on Google hangout; https://plus.google.com/hangouts/_/g7wfwdpmu2k6badobajwhpiu5aa - All are welcome, please bring your mic. hhhhhhhiiiiiii 23 points 5 hours ago Frankly, this analysis is racist. All Chinese traders cannot be lumped into one box like this.
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Aug 18, 2014 20:37
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Sellers: Stop selling! Buyers: Stop Buying! Thus, we will reach the moon.Bitcoinworm posted:
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Aug 18, 2014 20:38
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i just love how they call everyone bears, bulls and wales it just seems so cult like
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Aug 18, 2014 20:45
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Aug 18, 2014 20:46
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Guys if we all just set our buy orders at $10,000 then bitcoin will instantly go to the moon, come on sheeple!
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Aug 18, 2014 20:46
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bitcoin losing a hundred bucks the same week as GenCon can't be a coincidence
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Aug 18, 2014 20:51
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LethalGeek posted:the hodling wore thin and slowly gravity took its tool rotorrrrrrrrr
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Aug 18, 2014 20:51
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QuarkJets posted:Guys if we all just set our buy orders at $10,000 then bitcoin will instantly go to the moon, come on sheeple! And by we, I mean the community at large. you missed the point if you think "we" means "me" For people obsessed with rational self interest, they sure do demand people act against their own all the time.
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Aug 18, 2014 20:53
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LethalGeek posted:people see thick asks chasing down and just keep unloading. what is this
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Aug 18, 2014 20:54
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i am pretty amazed at how these people don't understand what an exchange like this is "buy at $2000 so that we can get the price to $2000, then you can sell at $2000 and, uh..." the WHOLE POINT of exchanges is that you can't manipulate the price without a dominant share in the thing, and everyone buys at the lowest price they can, and sells at the highest they can they simply dont understand that its a marketplace - they think of the price as being set by a central authority and buyers and sellers manipulate it. no, that price exists in the minds of the buyers and sellers
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Aug 18, 2014 20:55
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haveblue posted:what is this im a man who likes a thick ask
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Aug 18, 2014 20:56
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all bad bitcoin happenings can be explained by THE MYSTERIES OF THE ORIENT
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Aug 18, 2014 20:57
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theflyingorc posted:i am pretty amazed at how these people don't understand what an exchange like this is yeah same i'll add it to the lisERROR DRIVE C:\ IS FULL DELETE ONE OR MORE FILES TO FREE DISK SPACE AND TRY AGAIN
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Aug 18, 2014 21:00
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Boxturret posted:yeah same i'll add it to the lisERROR DRIVE C:\ IS FULL DELETE ONE OR MORE FILES TO FREE DISK SPACE AND TRY AGAIN this wouldnt happen if u used a blcokchain
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Aug 18, 2014 21:03
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so Tim Six Californias Draper bought 30,000 buttcoins at an assumed $650 each (market price at the time of the auction), or more than $19 million dollars. He's down 5.7 million dollars so far
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Aug 18, 2014 21:05
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theflyingorc posted:im a man who likes a thick ask Text me
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Aug 18, 2014 21:08
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LethalGeek posted:Its because there isn't enough demand to satisfy supply. Its that simple.
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Aug 18, 2014 21:08
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Robawesome posted:so Tim Six Californias Draper bought 30,000 buttcoins at an assumed $650 each (market price at the time of the auction), or more than $19 million dollars. He's down 5.7 million dollars so far he's also down to about 4.06 californias
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Aug 18, 2014 21:09
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theflyingorc posted:i am pretty amazed at how these people don't understand what an exchange like this is Well, they really, really think that a group of nefarious whales is manipulating the price in order to buy cheap coins. Because, why sell bitcoin otherwise? This is the dump and pump theory. Notice that the following idiot doesn't even get that: quote:Am I wrong to think Bitcoin whales should be ashamed of themselves?
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Aug 18, 2014 21:09
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trucutru posted:Well, they really, really think are you sure about that?
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Aug 18, 2014 21:11
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haveblue posted:what is this 
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Aug 18, 2014 21:18
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Linguica fucked around with this message at 21:29 on Aug 18, 2014 |
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Aug 18, 2014 21:22
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haveblue posted:what is this i like big buttcoins
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Aug 18, 2014 21:24
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Aug 18, 2014 21:24
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why is btc-e 25 bucks less than all the other exchanges
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Aug 18, 2014 21:25
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Aug 18, 2014 21:34
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theflyingorc posted:why is btc-e 25 bucks less than all the other exchanges it must be impossible to get money in/out of btc-e right now
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Aug 18, 2014 21:35
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LethalGeek posted:
poo poo that's worryingly insightful
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Aug 18, 2014 21:40
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55555555555
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Aug 18, 2014 21:43
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jre posted:poo poo that's worryingly insightful pretty soon they'll have figured out basic stone tools and then we're all in deep trouble
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Aug 18, 2014 21:46
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Aug 18, 2014 21:50
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Aug 18, 2014 21:59
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Heresiarch posted:pretty soon they'll have figured out basic stone tools and then we're all in deep trouble
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Aug 18, 2014 22:01
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Aug 18, 2014 22:02
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looks like the post chain needed a good prune so that we can have new laugh blooms 5
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Aug 18, 2014 22:08
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