Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32864.

vokain

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Quote from: solex on July 24, 2013, 10:04:53 PM

Quote from: Wary on July 24, 2013, 09:45:48 PM

Quote from: vokain on July 24, 2013, 09:03:44 PM

who else would capitulate is my question

Bears would, by returning from "all in fiat" to "50/50".

It's not like the bears could use their fiat for food, clothes, cars, utility bills or anything like that. Mt Gox has ensured that bears can only use their fiat to buy one thing: bitcoins!

http://www.coindesk.com/bitstamp-bitcoin-trading-volume-overtakes-mt-gox-for-first-time/

solex

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100 satoshis -> ISO code

Quote from: Wary on July 24, 2013, 09:45:48 PM

Quote from: vokain on July 24, 2013, 09:03:44 PM

who else would capitulate is my question

Bears would, by returning from "all in fiat" to "50/50".

It's not like the bears could use their fiat for food, clothes, cars, utility bills or anything like that. Mt Gox has ensured that bears can only use their fiat to buy one thing: bitcoins!

ChartBuddy

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Wary

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Who's there?

Quote from: vokain on July 24, 2013, 09:03:44 PM

who else would capitulate is my question

Bears would, by returning from "all in fiat" to "50/50".

MAbtc

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Quote from: Voodah on July 24, 2013, 08:33:51 PM

Seems like everyone is on stand by until some kind of capitulation, but you know, things tend to go the other way when everyone is expecting the same thing.

I don't think everyone is expecting a drop.

Quote from: vokain on July 24, 2013, 09:03:44 PM

who else would capitulate is my question

Shitloads of people. Why not? You can only call capitulation in hindsight; I am quite unconvinced that anyone with the propensity to exit permanently has done so.

We're nowhere near capitulation, certainly not when 3 weeks ago we were at 65. Lots of fence sitters. If/when there is blood and people see the value of their holdings chopped in half from here, then we'll see some volume. I think we'll bounce around a bit before we see that, though.

vokain

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Quote from: Voodah on July 24, 2013, 08:33:51 PM

Seems like everyone is on stand by until some kind of capitulation, but you know, things tend to go the other way when everyone is expecting the same thing.

who else would capitulate is my question

ChartBuddy

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Voodah

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Seems like everyone is on stand by until some kind of capitulation, but you know, things tend to go the other way when everyone is expecting the same thing.

Jozzaboy

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C-C-C-Combo breaker!

Seriously? 5 hours without posts?

It's safe to say the bubble is over because everyone fucked off and left!

ChartBuddy

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ChartBuddy

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ChartBuddy

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ChartBuddy

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ChartBuddy

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samson

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Quote from: Adrian-x on July 24, 2013, 03:30:39 PM

Quote from: wonkytonky on July 24, 2013, 02:24:45 PM

big guy reloading for massive drop

thats what i think

If Bitcoin is going to grow, it needs many users, the current rate of adoption looks like market saturation.
The whales know this so I believe we will see a huge sustained drop to encourage new investors followed by a new upswing.

That's what I think - we need to go back to February and do it all over again.

Adrian-x

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Quote from: wonkytonky on July 24, 2013, 02:24:45 PM

big guy reloading for massive drop

thats what i think

If Bitcoin is going to grow, it needs many users, the current rate of adoption looks like market saturation.
The whales know this so I believe we will see a huge sustained drop to encourage new investors followed by a new upswing.

ChartBuddy

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FNG

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Quote from: Its About Sharing on July 24, 2013, 02:14:08 PM

I just can't see entering here ...

What do you all think?

IAS

I think you'll be waiting for the right moment forever then..but wtf do I know.

Early stages. Buy and it works or don't and it doesn't. I think 60-120 is still a great price. We will wait and see.

wonkytonky

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big guy reloading for massive drop

thats what i think

Its About Sharing

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Antifragile

Quote from: adamstgBit on July 24, 2013, 01:54:08 PM

buy buy buy!

We are at a critical place, resistance wise - both technical and psychological. I just can't see entering here - too low a reward to risk ratio. If we get through 100 and 105 then we might pop and you will have to act fast, but I say let those with money do the fighting. Especially since I think we need to still capitulate, but who knows there as a few balls drop the wrong way (e.g. - gold shorts unwinding) and BTC can really pop up.

What do you all think?

IAS

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