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1621  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 07:55:25 PM
why did they all knew of Mt. Gox being insolvent when the faked 2 bitidiot came out and made patently clear they of course are not Huh Wink

English please.
1622  Economy / Speculation / Re: What would happen if Satoshi dumped his coins? on: March 06, 2014, 07:45:56 PM
What? of course it would go to ZERO when all buy orders are fulfilled and there are none left on the exchange, that is essentially zero. He has enough bitcoins to push the market to fulfill all buy orders listed at any time.

No, he doesnt. Even all the bitcoins in existence isnt enough to push it to 0.
1623  Economy / Speculation / Re: What would happen if Satoshi dumped his coins? on: March 06, 2014, 07:41:28 PM
However, if Satoshi did indeed dump around 13'000'000 Bitcoin, I am sorry but the price would go to zero. I am sorry but if you can't see that, then there is something wrong with your head.

Wut? o_O

Satoshi has 1'300'000 BTC.

How deep is the complete order book on the most liquid exchange, Bitstamp? 30K BTC? 50K BTC?

Y'all say ya would dive in on double and single digit coins, but the reality is that the first sign on the blockchain of Satoshi moving his coins around and this market would freak right out and dump a shit ton. There are millionaires in Bitcoinland who if not for their lucky investments, would be flipping burgers in McDonalds (billyjoeallen?). Bitcoins nominal worth is held up by the fact that less than 10% of these mined Bitcoins are in circulation. Take 10% of all the Bitcoins in existence and dump them on the market then Bitcoin is over.

Of course, they won't go to zero, but then neither will Maxcoin go to zero.

Uh... just about every exchange has millions of BTC of bids in the $1 range.

1624  Economy / Speculation / Re: What would happen if Satoshi dumped his coins? on: March 06, 2014, 06:13:03 PM
Drop to single digits, then jump to 300-400 before diving back to $100..

My guess.
1625  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 04:49:58 PM
Satoshi playing CCMF:



I lol'd way too hard at your caption.

Thanks Tongue
1626  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 04:37:36 PM


Oh dear..

1627  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 04:24:22 PM
Coincidence?



Quote
Another nugget is that Nakamoto a model train enthusiast.

So here's a photo of a train on Facebook designed by a man with that name. It looks meticulously designed, as one might expect from the designer of Bitcoin.

Read more: http://www.businessinsider.com/dorian-satoshi-letter-and-train-2014-3#ixzz2vCSq2huK


What is this strange Pennsylvania link?

1628  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 04:00:44 PM

Yup this is bad news. SELL.
1629  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 03:58:21 PM
I dont trust him, hes not as tall as I imagined. And he may or may not own 1mBTC

SELLSELLSELL
1630  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [ASIC-RESISTANT] UltraCoin (UTC) - Newly Launched on: March 06, 2014, 06:50:17 AM
I just going to vote for UTC on cryptsy. Will i recieve BTC for this?  Huh
lol ya, post your address ill send you 5 btc for this, newbie

Ill do 10.

1631  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 06, 2014, 05:52:18 AM
Now everything is so boring... What is the biggest bid wall in terms of USD you ever spotted on an exchange? I think there was a 1.2 million wall once on Mt.Gox, but i'm not entirely sure.
This one?


This must be the biggest wall, not the one i spotted though.


hell of a wall kid

July ~800k:

Apr ~1m:



That wall taught me a hard lesson about panic selling.
1632  Economy / Speculation / Re: Is it my imagination or does Bitcoin tend to gravitate towards $666 on: March 06, 2014, 03:11:14 AM
Its a number people "know". Why WOULDNT the price stick to it?

1633  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 07:03:00 PM
Please post more train pics guys, I think they trigger the whales.


I got a good feeling about this one.
1634  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][LEAF] LEAFCOIN - ETA NEXT BLOCKHALVE 2014/02/18 T 07:41:19 on: March 05, 2014, 06:26:09 PM
Today is the last chance to get cheap LEAFs. 11 and 12 will go down easily soon. Believe me

I have  heared this such saying many days ago, but the price is still dumping.

Fail!

1635  Economy / Speculation / Re: We broke the February downtrend. How about this one? on: March 05, 2014, 05:08:45 PM
How do you determine that is a bullish pennant rather than bearish?

I would have to say I also believe the push up was manipulated. The way the buys went thru was so similar the entire rally. Buy wall -> move up -> get sold in to. Five or more times? So about 6m USD?

Now we havent seen another whale, so, unless random people come with fiat and decide its time to go up again, I cant see how we will go anywhere but down..

I sure hope it continues up though.
1636  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 05:00:23 PM
I was complaining to CampBX on chat about their lack of volume. They responded "We don't think we have low volume." I pulled all my BTC out an hour later. F@!$%ng amateurs.
Why would you complain about that? Clearly its a tiny exchange.

They've been around for three years! You'd think they'd reduce their trading fees or court VCs to expand or something. They just don't act hungry for my business.

Ah, I didnt realize the fees were so high:

Our trade commissions are:
Quick Sell / Buy: 0.55% (Volume discounts available)
Advanced Orders: 0.55% (Volume discounts available)

Thats pretty bad...

Only Gox was worse, and that was only for the lowest tier traders.
1637  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 03:23:10 PM
I was complaining to CampBX on chat about their lack of volume. They responded "We don't think we have low volume." I pulled all my BTC out an hour later. F@!$%ng amateurs.
Why would you complain about that? Clearly its a tiny exchange.
1638  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 06:19:04 AM
The expected return on a lottery ticket is 50%, just going by the rewards(-taxes)/odds.

How do you calculate that for bitcoin? You dont. So its not like a lottery ticket. A lottery ticket is throwing money away. Bitcoin is betting on the success of a technology.
1639  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 05:50:58 AM
13 billion USD bidwall:



Anyone who understands localbitcoins, please keep to yourself Wink
1640  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 05, 2014, 03:15:40 AM
OH WHALE, WHERE ARE YOUUU?!

Hes coming, I promise! I sent them an invitation, see here:

Hes ready to blow a huge load all over those bitcoins. (Of cash, sicko)
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