S3052 (OP)
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March 22, 2011, 11:02:32 PM
Last edit: August 04, 2017, 07:35:07 PM by S3052 |
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"With e-currency based on cryptographic proof, without the need to
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S3052 (OP)
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March 24, 2011, 04:51:18 PM
Last edit: August 04, 2017, 07:35:16 PM by S3052 |
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LZ
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March 24, 2011, 05:49:59 PM
Last edit: March 24, 2011, 06:30:06 PM by lzsaver |
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So many buyers... And where are sellers? This is an excellent platform for trading in the range 70/80-90/95.  |
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S3052 (OP)
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March 24, 2011, 06:21:57 PM |
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Hi lzsaver, can you explain a bit more? I am not sure I understand.
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LZ
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March 24, 2011, 07:29:56 PM |
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Okay. For example: sellers may take 80-86 bid orders and try to buy at 80,
buyers may take 88-90 ask orders and try to sell at 90. But it will work only
if buyers and sellers will be active together. Or maybe I am not farsighted...
Ideas?
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N12
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March 24, 2011, 07:41:25 PM |
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Okay. For example: sellers may take 80-86 bid orders and try to buy at 80,
buyers may take 88-90 ask orders and try to sell at 90. But it will work only
if buyers and sellers will be active together. Or maybe I am not farsighted...
Ideas? Obviously, sellers and buyers are expecting the price to rise. So why would anyone sell that low? |
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S3052 (OP)
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March 24, 2011, 08:45:52 PM |
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It is important to think about all profiles of traders / investors. There are many different types:
1) Scalpers: They constantly try to make incremental (small percentages) profits from small market movements
2) Market makers: They always put the highest bid and lowest ask in the system and are happy with 1-2 % gain per trade.
3) Swing traders: They try to profit from buying low and selling high from a couple of days or weeks.
4) Longterm investors: They have a years+ time horizon.
5) ...
If your comments only go to group 4), it may sounds right that they would not sell now, but you have all sorts of other traders already in the bitcoin market who buy and sell very often. This is actually a good sign since they add liquidity to the market and keep spreads low.
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LZ
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March 24, 2011, 09:26:28 PM |
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Yeah, you are right. What you think about two large orders at 95? And how long it may delay the rally?
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S3052 (OP)
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March 24, 2011, 10:16:25 PM |
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I will publish my Bitcoin Technical Analysis in a few minutes.
The orders around 0.95$? This just means there needs to be buying volume of approx. 10 $M to wipe them out. This is nothing if we see fund inflows.
Just imagine you have 10 people transferring 1,000 $ each to MtGox via wire transfer..
Or, if it does not happen, prices may ppause and consolidate around the 0.86-0.95 area for a while.
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S3052 (OP)
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March 24, 2011, 10:18:05 PM
Last edit: August 04, 2017, 07:35:24 PM by S3052 |
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Anonymous
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March 24, 2011, 11:04:56 PM |
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I am going to facebook this. |
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LZ
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March 26, 2011, 09:41:49 AM
Last edit: July 16, 2020, 09:50:33 PM by LZ |
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 My opinion. |
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S3052 (OP)
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March 26, 2011, 11:15:09 AM |
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Can you specify what you mean with your opinion?
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S3052 (OP)
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March 26, 2011, 11:30:32 AM |
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Dear bitcoin-folks: 1. You can follow my Bitcoin Market and Technical Analysis in realtime via Twitter now.
2. I will also start to cover Gold in USD, Silver in USD, S&P500 and Nasdaq 100 markets as of now http://twitter.com/#!/S3052 |
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nofuture
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March 27, 2011, 12:17:48 AM |
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Good idea to start the twitter feed. I've noticed more bitcoin related tweets in general lately.
As those businesses and apps come online I expect demand will grow.
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LZ
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March 27, 2011, 02:25:51 PM |
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Can you specify what you mean with your opinion?
That is happening now.  Last Price: 0.868 High: 0.9 Low: 0.8152 |
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MoonShadow
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March 27, 2011, 02:58:33 PM |
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Bruce! Where have you been? I was beginning to wonder if you had burned out on Bitcoin. Any progress that you can report with regard to the POS system that you were working on in November? |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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nofuture
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March 27, 2011, 05:53:54 PM |
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Bruce! Where have you been? I was beginning to wonder if you had burned out on Bitcoin. Any progress that you can report with regard to the POS system that you were working on in November? We need more media coverage to boost mindshare and drawn in investors to speculate. People are developing the apps and businesses that will fuel the raw demand. BTC will continue to grow. The sideways trading pattern is just breath catching after the huge run early this year. |
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S3052 (OP)
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March 27, 2011, 09:28:00 PM
Last edit: August 04, 2017, 07:35:39 PM by S3052 |
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