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Title: Actual buying pressure?? Post by: GoWest on September 09, 2011, 03:27:37 AM Could it really be? This is the first time I've seen an aggressive buy wall that actually looks legit. Someone sold 700 BTC into it and the wall didn't budge; in fact, it kept moving to the right. Could just be another blip on the way down, but maybe the Krugman readers are just starting to get their money into the Gox.
Title: Re: Actual buying pressure?? Post by: bitcon on September 09, 2011, 03:35:29 AM or maybe it's.............................................................................. .
THE MANIPULATOR!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Title: Re: Actual buying pressure?? Post by: coined on September 09, 2011, 03:35:59 AM I'm not sure new people finding out about bitcoin now while its declining will have the same effect as it had when they found out while it was still rising, if they are real investors they will likely see it's not the best time to jump on.
Title: Re: Actual buying pressure?? Post by: bitcon on September 09, 2011, 03:39:31 AM or maybe it is.... when was the last time it dropped below $5 after the gox hack?
Title: Re: Actual buying pressure?? Post by: JBDive on September 09, 2011, 03:42:23 AM It's interesting to watch the miners getting shutdown when these price drops happen like this. Pool overall hash rates have seen a pretty obvious drop.
Title: Re: Actual buying pressure?? Post by: GoWest on September 09, 2011, 03:47:42 AM Another 700 BTC sold into the wall, yet she holds. No one really buying though...
Title: Re: Actual buying pressure?? Post by: bitcon on September 09, 2011, 03:47:58 AM if they were smart they would have sold their cards and bought coins last month when the price dropped instead of wasting electricity. looks like miners are finding out the coin is not worth mining. seems like most miners were in this for a quick buck, but that quick buck was only for early adopters. bitcoin is not about making money, its about non-centralized currency and freedom.
Title: Re: Actual buying pressure?? Post by: Minsc on September 09, 2011, 03:48:58 AM I've seen youtube videos where people have 20 cards with the boxes of the cards stacked high and the cards all attached together in some custom rigs.
Title: Re: Actual buying pressure?? Post by: JBDive on September 09, 2011, 03:57:01 AM I've seen youtube videos where people have 20 cards with the boxes of the cards stacked high and the cards all attached together in some custom rigs. oh sure. There are some guys that can push 5GH/s at a pool all on their own that I've seen so I am sure there are others with 4x that or more. Remember there was the story of one guy getting raided by the police because of his high electric use and heat output being vented outside, they assumed he was growing pot. Never saw the link in the news but the story was going around. To stick out like that he had to be running what, 30+ cards? Title: Re: Actual buying pressure?? Post by: Minsc on September 09, 2011, 04:31:51 AM I've seen youtube videos where people have 20 cards with the boxes of the cards stacked high and the cards all attached together in some custom rigs. oh sure. There are some guys that can push 5GH/s at a pool all on their own that I've seen so I am sure there are others with 4x that or more. Remember there was the story of one guy getting raided by the police because of his high electric use and heat output being vented outside, they assumed he was growing pot. Never saw the link in the news but the story was going around. To stick out like that he had to be running what, 30+ cards? Poor guy, they probably stole all his computer equipment, "confiscated". Title: Re: Actual buying pressure?? Post by: Bitcoin Swami on September 09, 2011, 04:50:31 AM Wonder how the power outage on the west coast is effecting bitcoin.
Title: Re: Actual buying pressure?? Post by: GoWest on September 09, 2011, 05:13:14 AM Ouch... another 1000 BTC fired into the bid wall. She's not gonna hold, captain!
Title: Re: Actual buying pressure?? Post by: RandyFolds on September 09, 2011, 05:28:18 AM You guys are rather naive as to the size of some people's operations...Take a look at this stats page...
https://arsbitcoin.com/poolstats.php Title: Re: Actual buying pressure?? Post by: RyNinDaCleM on September 09, 2011, 05:49:10 AM You guys are rather naive as to the size of some people's operations...Take a look at this stats page... https://arsbitcoin.com/poolstats.php I wasn't going to go there...so, I left it alone! :D Apparently they haven't seen Vlad around here either! Take a gander through this thread (https://bitcointalk.org/index.php?topic=7216.0), page 11! Title: Re: Actual buying pressure?? Post by: RandyFolds on September 09, 2011, 06:05:08 AM You guys are rather naive as to the size of some people's operations...Take a look at this stats page... https://arsbitcoin.com/poolstats.php I wasn't going to go there...so, I left it alone! :D Apparently they haven't seen Vlad around here either! Take a gander through this thread (https://bitcointalk.org/index.php?topic=7216.0), page 11! Seriously. Fucking A. |