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Author Topic: What`s going on with the price?  (Read 4635 times)
allinvain
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June 11, 2011, 04:31:44 PM
 #21

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

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June 11, 2011, 04:33:16 PM
 #22

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

Gettin' payed is gettin payed.
allinvain
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June 11, 2011, 04:35:18 PM
 #23

Well true getting payd is gettin payd...but surely he would've realized he could've gotten MORE if he slowly sold on each market peak. I guess the whole time value of money applies...a bird in hand is worth two in the bush..yadda yadda

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June 11, 2011, 04:35:42 PM
 #24

Dude this down-spiral has been quite the windfall for people with the ability to trade on more than one exchange.

Meaning that bitcoin is just a bit more alive than a few days ago.

Alive= volatile

volatile= more chances for first time investors that can keep their.... together.

This is a lot of investors wet dream come true provided that they have access to multiple exchanges.

Jaime Frontero
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June 11, 2011, 04:36:09 PM
 #25

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

more power to him/her.

1. get BTC at 0.03 USD

2. wait for inevitable price gains.

3.  profit!

eh - so instead of $30, he/she got $20 - do you think that with a buy-in price of a typical (very) early adopter, it would matter?  wouldn't to me.

it'll be old history in 24 hours...
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June 11, 2011, 04:36:15 PM
 #26

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.
Good. That will diversify funds a little more.
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June 11, 2011, 04:37:41 PM
 #27

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

I was watching and It looked like several big buy orders were cancelled and then someone dumped a large sell at the same time. Clear and successful attempt to cause a selloff.

allinvain
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June 11, 2011, 04:42:06 PM
 #28

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

I was watching and It looked like several big buy orders were cancelled and then someone dumped a large sell at the same time. Clear and successful attempt to cause a selloff.

Damn, I wish I had a video or some screenshots of that happening!

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June 11, 2011, 04:44:42 PM
 #29

Currently peeps should pay more attention to diversifying between different exchanges right at this moment I can see price differences of over 3USD/BTC just waiting to be snapped up. This panic is just opening up the market for more opportunities.

A Mt Gox semi monopoly is going to cause these wild fluctuations no matter what, so diversify in terms of trading options and you'll make cash even in a temporary down spiral just like this one and come out with the additional cash to push values back up again.

piuk
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June 11, 2011, 04:58:10 PM
 #30

Damn, I wish I had a video or some screenshots of that happening!

It went down something like this:

Big buys supporting price
http://i.imgur.com/0AMNy.png

Remove said buys and add a sell (soon after the buy @ 16 also disappeared)
http://i.imgur.com/6qhAK.png

Watch people panic
http://i.imgur.com/3W95k.png



k
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June 11, 2011, 05:06:27 PM
 #31

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

large transfer here

http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS

lot of the inputs look like block rewards, some from early blocks
allinvain
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June 11, 2011, 05:09:45 PM
 #32

Damn, I wish I had a video or some screenshots of that happening!

It went down something like this:

Big buys supporting price
http://i.imgur.com/0AMNy.png

Remove said buys and add a sell (soon after the buy @ 16 also disappeared)
http://i.imgur.com/6qhAK.png

Watch people panic
http://i.imgur.com/3W95k.png




lol..awesome..thanks for that piuk, you're da man!

Those screenshots will have historical value - keep them safe somewhere Smiley

Maxxx
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June 11, 2011, 05:10:43 PM
 #33

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

large transfer here

http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS

lot of the inputs look like block rewards, some from early blocks

That's a nice chunk of fiat.

Time is money. This means that if you have spare time, you can use it to make money.

Modular, open, and stack-able miner case.
allinvain
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June 11, 2011, 05:12:33 PM
 #34

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

large transfer here

http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS

lot of the inputs look like block rewards, some from early blocks

Ahh I see now. Thanks. Well I guess that person decided he wanted some inflation funny money. Whatever, good for him/her.

rockstar
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June 11, 2011, 05:13:40 PM
 #35

Until Monday we won't have anything left...
rockstar
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June 11, 2011, 05:14:29 PM
 #36

Until Monday we won't have anything left...
ktomi
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June 11, 2011, 05:20:54 PM
 #37

Bought some today at 20, 21 and 22 USD/BTC and I think I have made pretty good deal.  Cheesy
Jaime Frontero
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June 11, 2011, 05:27:44 PM
 #38

An early adopter cashed out 17K+ BTC all at once, driving price down from 20 to 13. It's back up to 18+ now.

May I ask how you know this? Were you watching the price feed when this happened? I wish I could've seen that in action if what you say is true.

However, I'm surprised this supposed early adopter dumped so many all at once. Wouldn't it have been much smarter if he sold in small amounts over a period of time.

large transfer here

http://blockexplorer.com/address/155kHCZstYaosoGRxthF1zsZFVFheVFPLS

lot of the inputs look like block rewards, some from early blocks

That's a nice chunk of fiat.

no kidding.

check out the original blocks.  looks like they're all mined blocks - many going back to 2009.

< waves from sideline... >  best of luck, mystery miner!
piuk
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June 11, 2011, 05:33:55 PM
 #39

lol..awesome..thanks for that piuk, you're da man!

Those screenshots will have historical value - keep them safe somewhere Smiley

Smiley similar pattern emerging again, fascinating to watch.

bitcoinminer
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June 11, 2011, 05:38:17 PM
 #40

17k blocks... somebody got married and bought a house, or divorced and bought a Ferrari Smiley

Be fearful when others are greedy, and greedy when others are fearful.

-Warren Buffett
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