I'm really curious about how people think there's some kind of conspiracy to hold down the price via trading activity. I mean: How is that even possible? In order to sell coins and lower the price, you had to buy the coins and raise the price first, so it cancels out. If you try to buy and sell at weird times, there are probably going to be traders waiting to take the other side. Not to mention you are losing money in the process. Some people think it can be done if the right amount of sacrifice is made in lost money... I think that lost money is just going to profit traders and increase the money in btc.
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If the unknown Satoshi would have such trouble with the law, what about Vitalik Buterin and all the known altcoin creators?
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All I need is bfx api trading app that is multi window enabled. It doesn't even need charts.
Or an api website that uses just a cookie for authentication
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This is going to have to do for now. I really wish the bottom was something native with an api that didn't timeout or need login.
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That looks like the best one for now but ideally I'd like something that has the chart and an order entry all in one page so you don't ever have to switch screens. Even better would be to have an order depth like wisdom and a second chart (huobi), all one page. Alternatively, it could be compatible with android multi window.
Everything's compatible with multi window https://play.google.com/store/apps/details?id=com.bjbinc.mwmphone&hl=enno root
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The problem with this is the two bottoms don't compare at all. The section on 2011 is a brief double bottom followed by a strong 6 month pennant where the price never drops below this level 110% above the bottom (kind of like a 38% fib retrace on the log chart). The section in 2015 has roughly the same bottom being hit over and over for a year and no pennant. If you look on the charts of some other exchanges such as Bitfinex, you see the actual bottom of 160 being hit again in August.
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We should see a new market cap ATH soon, was it around 13b?
Does any ever do a TA analysis involving market cap in any kind of security? I thought it was always price. Price is what grabs attention, affects people's trade profits, triggers stop orders, etc.
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I've been trying to compare 2014-2016 to 2011-2013 under the assumption that it's time to break ATH now but it doesn't make any sense and the structure/symmetry just isn't the same (not to mention the different timescales). In the 2011 chart you can see that bottom being reached to the left only 33% of the way through the chart. However in the 2015 chart you see bottom not being reached until 50% of the way through the chart and dragging on all the way through 75% of the way through the chart at roughly the same level. The bottoming out was much weaker and the jump to now supposedly try to challenge ATH is extremely sudden. Therefore, odds are most likely that we need another midterm consolidation of 6 months of to make an even chart. I see the following possibilities: 1. 25%: This is a trap and a sort of double top before another serious bear market. 2. 50%: There is going to be a 6 month consolidation phase before ATH is broken. 3. 25%: ATH is broken now.
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
you're the only person here i thought could trade somewhat rationally. this is depressing news. It has nothing to do with trading. It's just the emotions I feel.
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It's funny how, when the price is going up, I'm totally convinced the nature of Bitcoin is to keep going up eventually to $32,768, and then when the price is going down, I'm totally convinced the nature of Bitcoin is to keep going down eventually to $1 after some grand plot is revealed (jaded penny stock investor), and the only difference changing my feelings... is the color of the candles.
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I got this email from a merchant telling me to buy their product with Bitcoin because it's in a Chinese commodity bubble. What a way to get a bitcoiner to not buy your product.
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get them while they're hot!
What number is the countdown at now?
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I almost went all in on the dao crowdsale but made a last minute decision to cut that down to 3%
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I don't think the DAO hack is actually good for us. I think it's actually somehow related to yesterday btc dump based on some accumulation indicators, and it could put an end to the recursive crypto hype machine where people suddenly thought crypto was going to replace the world's businesses by the end of the year.
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There is not a lot of visible buy support and it could potentially flash crash on a low volume, unless there are a lot of hidden orders. However, lately these books aren't nearly as reliable as they used to be and only serve as a partial indicator.
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There was very impressive volume and support yesterday at 720 and this morning there was a huge wall but it's been pulled and now the order book looks like crap.
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You're going to have to switch to a logarithmic countdown.
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Anyone else having issues reaching Poloniex?
same here..... People scrambling to dump their shitcoins. Polo is great until, it aint... and when volume is high, it aint. People still margin trade there though Looking at the markets everything except bitcoin is in a bloodbath. Everyone's dumping whatever they have for bitcoin because doing its pre-halving warm u before it heads to the moon again. I could only half load the poloniex markets page, the chart wouldn't load for me. No its because the DAO was hacked
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Calm down this launch prep is going to take days. Id like it if I could just chill tonight
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Can someone explain how a marginally lowering hash rate actually impacts network security? Is there a malicious entity out there that has been developing Peta hashes of power at the same rate as our miners and he's waiting to take over when a drop occurs?
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