Current Events > Bitcoin broke $12,000, then it broke $13,000

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clearaflagrantj
12/06/17 3:03:05 PM
#1:


I'm watching the rally on GDAX and I've never seen growth this fast.

Attirbutable maybe to CBOE/CME futures, and a successful lightning network test a couple of hours ago. Every TA metric says BTC is massively overbought, but yet the price still explodes upwards.

It really sets the stage for a massive, violent correction.
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FrenchCrunch
12/06/17 3:04:12 PM
#2:


my depression's growth is directly correlated with bitcoin's
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Two_Dee
12/06/17 3:04:26 PM
#3:


Can I buy Supreme with bitcoins yet?
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Darkman124
12/06/17 3:04:37 PM
#4:


i think mostly attributable to tether exploiting the lack of regulation of the market to break their own rules

clearaflagrantj posted...
It really sets the stage for a massive, violent correction.


it does.
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Freddie_Mercury
12/06/17 3:05:04 PM
#5:


keep it in the general
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when's sig emoji support thinking face emoji
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Ammonitida
12/06/17 3:06:19 PM
#6:


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wolverinev2
12/06/17 3:07:30 PM
#7:


Ammonitida posted...
The Winklevoss twins (true inventors of Facebook) strike back!

https://www.msn.com/en-us/money/markets/the-winklevoss-twins-now-appear-to-be-bitcoin-billionaires/ar-BBGdbeN


How many Bitcoins do you need to trade to get anywhere close to a Billion dollars worth?
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It's far better to be alive than to be dead
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clearaflagrantj
12/06/17 3:12:18 PM
#8:


wolverinev2 posted...
Ammonitida posted...
The Winklevoss twins (true inventors of Facebook) strike back!

https://www.msn.com/en-us/money/markets/the-winklevoss-twins-now-appear-to-be-bitcoin-billionaires/ar-BBGdbeN


How many Bitcoins do you need to trade to get anywhere close to a Billion dollars worth?

You need 76,000 BTC to be a billionaire

Darkman124 posted...
i think mostly attributable to tether exploiting the lack of regulation of the market to break their own rules


There's only about 800 million Tether, or less than 0.4% of BTC's total market cap, attributable to some manipulation but not enough to cause this rally.
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BignutzisBack
12/06/17 3:13:52 PM
#9:


Bitcoin can fuck off it wasn't supposed to rise this fast I barely made it to half a coin
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Muffinz0rz
12/06/17 3:14:27 PM
#10:


It's almost at 13.5k, what the fuck
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wolverinev2
12/06/17 3:14:43 PM
#11:


clearaflagrantj posted...
wolverinev2 posted...
Ammonitida posted...
The Winklevoss twins (true inventors of Facebook) strike back!

https://www.msn.com/en-us/money/markets/the-winklevoss-twins-now-appear-to-be-bitcoin-billionaires/ar-BBGdbeN


How many Bitcoins do you need to trade to get anywhere close to a Billion dollars worth?

You need 76,000 BTC to be a billionaire

Darkman124 posted...
i think mostly attributable to tether exploiting the lack of regulation of the market to break their own rules


There's only about 800 million Tether, or less than 0.4% of BTC's total market cap, attributable to some manipulation but not enough to cause this rally.

https://www.youtube.com/watch?v=44Q58kWAsCo


I'll jump on board when the price goes back down to like a $1 or so. Then just wait for people cause it to sky rocket again.
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myztikrice
12/06/17 3:17:13 PM
#12:


People thought it 'skyrocketed' when it went to 30
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Balrog0
12/06/17 3:17:40 PM
#13:


myztikrice posted...
People thought it 'skyrocketed' when it went to 30


oh yes I remember
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Darkman124
12/06/17 3:31:42 PM
#14:


clearaflagrantj posted...


There's only about 800 million Tether, or less than 0.4% of BTC's total market cap, attributable to some manipulation but not enough to cause this rally.


it's the volume overlap that concerns me
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