seleme
Legendary
 Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 23, 2014, 01:42:08 AM |
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Well, there you go. LTC 5% up in half an hour.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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May 23, 2014, 01:43:30 AM |
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It looks like someone might be splitting a wall 50/50 Bitfinex and Bitstamp. Same thing for the 530 wall.
The orderbooks are partially shared AFAIK. |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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May 23, 2014, 01:45:28 AM |
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Wow, can hardly believe the ripple news, why do people still think centralized and heavily owned currencies are the way forward?
Ripple is something new. It offers unique features and in comblination with bitcoin can be a really powerfull currency system. It's a really advanced platform and could have a great future. I don't like systems based in centralisation as well but ripple takes it much further than most "centralized and heavily owned currencies" as you mention do. ripple is nothing new, it's just digital version of hawalla and obviously someone wanted out. |
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shmadz
Legendary
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Activity: 1512
Merit: 1000
@theshmadz
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May 23, 2014, 01:47:59 AM |
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Ho Lee Crap so glad I got out of doge once they decided to make it never-ending. |
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 23, 2014, 02:00:38 AM |
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y3804
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May 23, 2014, 02:02:37 AM |
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Too much optimism. This is a bad sign
No retracement?
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byronbb
Legendary
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Activity: 1414
Merit: 1000
HODL OR DIE
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May 23, 2014, 02:03:26 AM |
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I don't see a fundamental basis for the technical rally. Cumulative good news in the West and a lack of bad news in China do not appear to be an adequate explanation. This was mostly just seller exhaustion which is not the same thing as a sustained increase in demand. What has happened to make BTC appear more valuable?
What needs to happen for me to feel comfortable that a prolonged bull market is underway is for some new application or applications to be deployed that offer some new benefit. With all of the potential, I'm actually surprised we haven't seen more code development translate into usable applications. What I would most like to see are more and better title tracking tools in the block chain.
On the political side, the East/West divide is growing over Ukraine, the pipeline deal between China and Russia, and currency wars. This is starting to look like Cold War II and if the Eastern powers see Bitcoin as a primarily Western phenomenon, then an eventual banning of BTC-e and Chinese exchanges will be likely. Ironically, Bitcoin would be a powerful tool to break the iron grip of Western Banksters over the world economy, but up until now I see no indications that the Eastern Powers recognize it as such.
I still have my trade account close to 100% fiat and I'm painfully aware of the possibility that I'm missing the train. My consolation is that the vast majority of my holdings are in cold storage. I'm still an ultrabull, but obviously not a permabull anymore because there remains substantial risk that we are not out of the woods yet. China needs to become not just less relevant but functionally irrelevant if a technical or political solution to PBoC hostility is not found. Bulls should find comfort that I and those like me still have lots of fiat on the exchanges to provide support if the rally falters.
Using the exchanges as the actual pricing mechanism is probably insufficient. Lage buyers were probably going OTC and shorting like hell at bitfinex. Ie keep the exchange price low, while buying from private sellers. |
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derpinheimer
Legendary
Offline
Activity: 896
Merit: 1000
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May 23, 2014, 02:04:13 AM |
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Too much optimism. This is a bad sign
No retracement?
Oh --- off. You were crying down yesterday; now its up and back down to where it was and you're saying "BAD SIGN  " as if you arent totally biased. This is it. I'm shorting. The peak follows a logarithmic trend with the other peaks
GET REK'T He shorted May 20 <$500 |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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May 23, 2014, 02:05:28 AM |
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Fucking finally made some money after weeks of not trading/bad trades. 2500$ on LTC today  |
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y3804
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May 23, 2014, 02:05:39 AM |
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Too much optimism. This is a bad sign
No retracement?
Oh --- off. You were crying down yesterday; now its up and back down to where it was and you're saying "BAD SIGN " as if you arent totally biased. No. Here: This is it. I'm shorting. The peak follows a logarithmic trend with the other peaks
Trying to catch a peak seems just as dangerous as trying to catch a falling knife, especially when the price has risen 1% in the last minuteNevermind |
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akujin
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May 23, 2014, 02:06:05 AM |
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What happened to doge? 592? Is that a glitch?  |
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y3804
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May 23, 2014, 02:07:27 AM |
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What happened to doge? 592? Is that a glitch? Yes, glitch |
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Stankia
Newbie
Offline
Activity: 30
Merit: 0
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May 23, 2014, 02:10:34 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
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y3804
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May 23, 2014, 02:11:48 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak |
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SheHadMANHands
Legendary
Offline
Activity: 1168
Merit: 1000
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May 23, 2014, 02:15:31 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak Really? We could easily pop to $650/$700 and it would be nothing compared to Nov/Dec. I wouldn't consider this some huge rally (from the bottom). We were at double this 5 months ago. |
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y3804
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May 23, 2014, 02:17:34 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak Really? We could easily pop to $650/$700 and it would be nothing compared to Nov/Dec. I wouldn't consider this some huge rally (from the bottom). We were at double this 5 months ago. For some reason Huobi is struggling to keep up with Stamp. What do I know, maybe you're right. Time will tell |
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byronbb
Legendary
Offline
Activity: 1414
Merit: 1000
HODL OR DIE
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May 23, 2014, 02:18:12 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak lol......so a good exit strategy is to quell a rally ready to run? |
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plasticAiredale
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May 23, 2014, 02:20:54 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak He doesn't want to sell at $550, he wants to buy all the coins other people put below his wall. |
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y3804
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May 23, 2014, 02:21:43 AM |
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Someone is trying really hard to stop the price from climbing, I mean a 1400BTC sell wall, why would you sell at $550 when there's a rally going on?
It's a good exit strategy. Not sure how long this rally will last. He's not trying to catch the peak He doesn't want to sell at $550, he wants to buy all the coins other people put below his wall. I'm not even watching the chart. Did he actually sell his 1400 coins? Or he just put the wall up, let me check edit; I'm feeling dumb now. yes of course |
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