i dont understand why everyone is voting lower  |
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bull trap
Could you explain why that is a bull trap and how the actual data proves that are buyers with bad investments? no, their is 0 data that can really prove anything. if their was ... well then it would be to easy wouldn't it? all I'm saying is the rise that fallowed the dump was First, people buying into opportunity (8$ bitcoins Fiinaly! buy buy buy! says the new guy), and then people buying back. ( omg its going back up, quick take the bitcoin profits! ) dose it sound like the crisis is over ? |
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Someone's buying from 9.5 to 10. Sold at 15, and buy back in between 9.5 to 10. I say, pirate is in for some profit (minus the interest payouts)... Maybe not a big one, but he surely is in for the lulz.
He did not sell at $15 because there wasn't nearly the depth for that. Or more specifically he didn't sell a lot at $15.00. Even if we assume he was the only one selling last Friday. Only ~10K BTC changed hands above $14.00. About double that above $13.00. Hell even if you down to $11 only about 50K BTC changed hands. it makes no sense, why wouldn't he of let the price go higher and higher, slowly selling off all the coins? my guess is he was doing that from 9 to 15, at 15 he had to do Something to cause panic, so he dumped now hes keeping the price below 10$ in the hopes that once he sold off most of the coins, the market naturally will go down. hes going to sell all the coins, causing a bearish market for a few weeks, which could cause some panic selling too.. but his target of 7.50 is unreasonable and will never be reached. no way in hell will the ask depth be their when he wants to buy back. he ends up with $ profits not BTC 500,000$ < 50,000BTC, even if the price is 8$ Anyone can see charts and volume. Whoever was selling large amounts on that big dump at best got 12$ average. There is no way all the coins can be bought back below that. Once the market senses the blood it will not let wounded player off the hook.
Huge tankers can not ride circles around small tug boats, it is just how it works. Huge players cannot sell big on open market and then buy big and stay in profit. They can only push profitably in one direction and move slow and steady.
That charts shows an irrational player panicking.
+21,000,000 |
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This is starting to look like another bear trap. We should be at least at 9 by now... we are not.  All this means is the bull trap is working very well, give it some time. |
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This is not bullish  i agree, a short term bear market is in order. 8$ that's always been the magic number  |
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pirate has lied to MWN like everyone else, but MWN believes him. Come on pirate pay everyone back soon this is getting annoying pirate pirate pirate pirate pirate pirate pirate pirate pirate pirate pirate pirate hey look an other pirate thread YAYE!  |
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If the sites won't do it, maybe a middle man is needed.
how about a new site? sounds like theirs some money to be made |
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kinda off topic but, why 47.5 BTC i thought it was 50 BTC per block?
the fee from whatever particular pool those particular coins were mined from. so the pool takes its fee directly from the block, some how i would of thought, the pool gets the 50BTC and then takes a fee and splits the rest of the coins with the miners of that pool |
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tick tick tick... nobody is budging until pirate makes his move and time is running out!
apparently he started to pay back few small accounts, but i cant seem to find anyone confirming that There is atleast one confirmation in the paid back thread. The payment however came from GPumax mined coins and not the BTST fund so sadly it does little to quell either side of the 'debate'. http://blockchain.info/address/1PSf86KnLuzM7Ris5kDhTEZwooR3p2iyfVmoney came from there ic kinda off topic but, why 47.5 BTC i thought it was 50 BTC per block? |
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tick tick tick... nobody is budging until pirate makes his move and time is running out!
apparently he started to pay back few small accounts, but i cant seem to find anyone confirming that |
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While your at it, can you tell me what the winning lotto numbers will be this weekend? I'm sure I'm gona win, but I can't tell you how I know this.
the winning lotto numbers for Saturday's FLorida Lotto Drawing will be..... Announced live on channel 13 (your welcome) HOLY SHIT we are all going to be millionaires  |
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In addition, the order book is much thinner on the buy side then the ask side, so the natural pressure is to go down atm.
That is the assumption ..... That is a fact. Look for yourself. http://bitcoin.clarkmoody.com/The assumption is that the order book will cause "natural pressure" to "go down" if it is much thinner on the buy side, not that the order book is much thinner on the buy side then the ask side. Uh.. Sunnankar put "much thinner on the buy side" in italics.. Ahh... my apologies. Perhaps he is referring to the visible order book then? maybe he means hidden depth? like if we go down to 9.00 a F' load of new bid might appear at 8.50 ? |
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$14 then.
I am happy to extend the time to August 27th, 23:59 PM UTC
If the price of bitcoin is >$12 on August 27th, 11pm PST - I win If the price of bitcoin is <$12 on August 27th, 11pm PST - You win If the price of bitcoin is =$12 on August 27th, 11pm PST - Its a tie Fair enough? I'm not happy with $12 - I originally said $15 so would need something nearer to that. oh come on 12$ is good their no way in hell price is going to 12$ over the weekend, if anything price will drop. what stake do you have in this? sock puppet? you could just offer the bet yourself if you are so willing to do so with money that belongs to other people. maybe later. |
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$14 then.
I am happy to extend the time to August 27th, 23:59 PM UTC
If the price of bitcoin is >$12 on August 27th, 11pm PST - I win If the price of bitcoin is <$12 on August 27th, 11pm PST - You win If the price of bitcoin is =$12 on August 27th, 11pm PST - Its a tie Fair enough? I'm not happy with $12 - I originally said $15 so would need something nearer to that. oh come on 12$ is good their no way in hell price is going to 12$ over the weekend, if anything price will drop. |
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would could you possibly know about, that makes you so sure...  I'm guessing you just have a feeling... bets of bitcoin, would seem to be appropriate if the bet is put up there, I'll throw in 1 btc |
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$14 then.
I am happy to extend the time to August 27th, 23:59 PM UTC
If the price of bitcoin is >$12 on August 27th, 11pm PST - I win If the price of bitcoin is <$12 on August 27th, 11pm PST - You win If the price of bitcoin is =$12 on August 27th, 11pm PST - Its a tie Fair enough? who is going to escrow? is their a max bet? ( how many bitcoins are you willing to lose ?) |
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Looks like we are headed to the $9.60's?
yup, the recent rise was a bull trap... you mean bear trap, when someone buys into the peak, I believe. =)  have just finished the bull trap and the did the return to "normal "I'm guessing the bear market that fallows will be short lived, and wont go very low, we are going to have to work hard to get them cheap. |
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