JayJuanGee
Legendary
 Online
Activity: 3710
Merit: 10196
Self-Custody is a right. Say no to"Non-custodial"
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June 02, 2014, 09:10:49 PM |
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And bears offered us humble pie this morning.  Bears have had their moments in the sunshine in the past few months and maybe even in the past 12 hours... but again, the proof of the pudding is going to be in the eating and we are on our way to the feast.... maybe we will be getting a few appetizers on the way, and we may get diverted for a few cigs and beers... yet, a feast seems in our near future... The cards seems to be stacked accordingly. Thanks Bitcoin infrastructure developers, merchants and HODLERs...  |
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"You Asked For Change, We Gave You Coins" -- casascius
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elg
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June 02, 2014, 09:11:08 PM |
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no problem loading Stamp here
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Krabby
Sr. Member
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 02, 2014, 09:11:43 PM |
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Bid side is not looking too strong.
Edit: massive ask wall.
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JorgeStolfi
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June 02, 2014, 09:11:58 PM |
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Beware that it is 4:00 am in China. Check the order books there...
what are you implying? That there is no resistance from China against Bitstamp's upward pressure at this moment; but that may change in 2-3 hours, when the Chinese start trading again. |
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elg
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June 02, 2014, 09:12:34 PM |
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big dumps, but great support. not going down
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 02, 2014, 09:12:49 PM |
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wtf bitstamp... Can't log in
is the billy bot still buying?  Billy Bot...that is a good one...is that the Willy Bot on Bitstamp? |
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Krabby
Sr. Member
Offline
Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 02, 2014, 09:13:25 PM |
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wtf bitstamp... Can't log in
is the billy bot still buying? Billy Bot...that is a good one...is that the Willy Bot on Bitstamp? Yes. |
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fonzie
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June 02, 2014, 09:15:18 PM |
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Bitstamp/Bitfinex/Huobi- RxIxP 2014
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MatTheCat
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June 02, 2014, 09:16:59 PM |
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Bid side is not looking too strong.
Order book is exact same as it was before this whale (s) came in and bought over 1200BTC in two big mammoth orders. One 600 BTC market order, which took the price from $640 to $660, and then a 750BTC order placed at $665, which was eaten up by sellers. Presuming that there is nothing nefarious going down here like the exchanges having been hacked, then perhaps this was a very ill-advised and totally botched ramp attempt? Ramp the price with a 600 BTC market order, and then have a 750 BTC limit order sitting just below spot. A few days ago, this would have instigated a mad panic buying spree. But spot price just hovered above the buy wall, and then sellers ate it up.  Who knows, would be nice to get explanations somehow for these totally inexplicable and wholly unpredictable events. Insider Short Squeeze from the fucking crooks nice lads at Bitfinex? |
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hyphymikey
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June 02, 2014, 09:17:02 PM |
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We need a 3K market buy and tell this bear, his walls, and his dumps to fuck off.
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hyphymikey
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June 02, 2014, 09:18:57 PM |
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Bid side is not looking too strong.
Order book is exact same as it was before this whale (s) came in and bought over 1200BTC in two big mammoth orders. One 600 BTC market order, which took the price from $640 to $660, and then a 750BTC order placed at $665, which was eaten up by sellers. Presuming that there is nothing nefarious going down here like the exchanges having been hacked, then perhaps this was a very ill-advised and totally botched ramp attempt? Ramp the price with a 600 BTC market order, and then have a 750 BTC limit order sitting just below spot. A few days ago, this would have instigated a mad panic buying spree. But spot price just hovered above the buy wall, and then sellers ate it up. Who knows, would be nice to get explanations somehow for these totally inexplicable and wholly unpredictable events. Insider Short Squeeze from the nice lads at Bitfinex? Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting. |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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June 02, 2014, 09:19:45 PM |
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That does not account for this crazyness Well, how about: lots of traders took profit at likely peak (possibly even reversal) target yesterday (SMA200, ~doubling since 340 bottom). Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc. |
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JimboToronto
Legendary
Offline
Activity: 4004
Merit: 4466
You're never too old to think young.
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June 02, 2014, 09:23:27 PM |
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That does not account for this crazyness Well, how about: lots of traders took profit at likely peak (possibly even reversal) target yesterday (SMA200, ~doubling since 340 bottom). Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc. Makes sense. |
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MatTheCat
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June 02, 2014, 09:25:17 PM |
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Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting.
Haxx? |
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MatTheCat
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June 02, 2014, 09:26:00 PM |
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Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.
Were you watching how it happened Oda? It was very very strange. |
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MOB
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June 02, 2014, 09:27:02 PM |
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Whats odd is that the wall got eaten so quick, as if Mr Whale Bear was sitting as his computer waiting.
Haxx? Or just people who bought on the plunge yesterday were ready for a quick 10% profit in 24 hours...The bid wall was only 500K USD @665. Also, I do not think the entire thing was sold into. Only about 2/3rds, then I think it got pulled. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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June 02, 2014, 09:29:13 PM |
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Then, when it started to look like that didn't derail the rally, some decided to buy back in, creating momentum, so more bought back, etc.
Were you watching how it happened Oda? It was very very strange. Based on his description, I'm guessing he partook in it.  I don't know if it was strange. What I do find strange is how Huobi is now again behind Bitstamp (not sure Chinese sleeping accounts for this). Was yesterday a mere fluctuation in the price delta or have conditions changed again? I'm afraid noone truly knows, not even the Chinese. |
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MatTheCat
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June 02, 2014, 09:30:01 PM |
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Or as if everyone who bought on the plunge yesterday was ready for a quick 10% profit in 24 hours...The ask wall was only 500K @665.
Not on the ticker I was staring at. 750K, with a similar one on Bitfinex a couple of dollars down at around $663, which would suggest that the Ask wall was made on Bitfinex and routed through Bitstamp. 50% chance of anything to do with Bitfinex being crooked. I never trust a wall on Bitfinex. I panic bought in at top of market, noticed that the wall was made on Bitfinex and not Stamp, and panic sold again for $3 cheaper than I bought. I fucking hate Bitfinex. |
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