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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330908 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
adamstgBit
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April 26, 2013, 05:54:12 AM
 #1701

I am a bit confused by the latest sell off.   Everyone can't make money on these swings, and I would bet that most lose it.   So why do they keep trying?   It's not like there has been any kind of bad news to induce selling, and we all know how much people will be willing to sell for on Monday or Tuesday.   I can't figure out why so many want to sell at the current low.

when your sitting on big profit ( and a lot of people are including me... ), you have a choice

take a risk 100% of your profits and hold
secure profits, and have a chance to buy back in cheap and do it all again.

Yeah, it doesn't look like "selling selling", more like profit taking at the moment. Yes both are selling, but the intent is different.

people selling now have 0 interest in buying back higher. if price run up after their dump, they don't care they made their profits...
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adamstgBit
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April 26, 2013, 05:57:00 AM
 #1702



looks like someone just joined me at 120  Cheesy
Kazu
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April 26, 2013, 06:01:18 AM
 #1703

After lots ofwaiting, decided to put a buy order in at $110, thats my lucky number.
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April 26, 2013, 06:05:01 AM
 #1704

Still very thin for the asks....

http://i.imgur.com/yjIQ61z.png
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April 26, 2013, 06:05:22 AM
 #1705

If the $120 wall falls we be hitting double digits I think. Doubt it will, but who knows...
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April 26, 2013, 06:08:23 AM
 #1706

Yeah that 120 wall is looking good. I just bought more at 117 (BTC-E). Hopefully we don't see double digits shortly.  Smiley
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April 26, 2013, 06:12:26 AM
 #1707

Yeah that 120 wall is looking good. I just bought more at 117 (BTC-E). Hopefully we don't see double digits shortly.  Smiley

125 wall now too.

http://i.imgur.com/XP1kyo4.png
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April 26, 2013, 06:13:53 AM
 #1708

Wow... just moved up! Quick too.

http://i.imgur.com/ld2GGGS.png
Jaroslaw
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April 26, 2013, 06:16:42 AM
 #1709

Dead cat bouncing mode ON
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April 26, 2013, 06:20:46 AM
 #1710

If the $120 wall falls we be hitting double digits I think. Doubt it will, but who knows...

It's not out of the question $0.12 will fall and I agree it would likely crash below $0.10 afterwards.

relm9, Is that Jean Reno in your avatar pic?
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April 26, 2013, 06:21:51 AM
 #1711

Dead cat bouncing mode ON

look at the moon, it's so bright, big and yellow today. It also burns my skin, wtf.
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April 26, 2013, 06:22:50 AM
 #1712

Dead cat bouncing mode ON

look at the moon, it's so bright, big and yellow today. It also burns my skin, wtf.


Get ready for 100$ bro Smiley
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April 26, 2013, 06:44:47 AM
 #1713

If the $120 wall falls we be hitting double digits I think. Doubt it will, but who knows...

It's not out of the question $0.12 will fall and I agree it would likely crash below $0.10 afterwards.

relm9, Is that Jean Reno in your avatar pic?


You got it Smiley One of my favorite films.
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April 26, 2013, 06:54:58 AM
 #1714

Dead cat bouncing mode ON

yeah that at is bouncing....up we go lol
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April 26, 2013, 06:59:39 AM
 #1715

Dead cat bouncing mode ON

yeah that at is bouncing....up we go lol

Up where ? From 166$ to 129$ is really UP trend ? i dont think so. DOWN we go, sir.
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April 26, 2013, 07:07:29 AM
 #1716

This just in: http://www.bloomberg.com/video/seeing-huge-increase-in-bitcoin-customers-karpeles-xsmrZuQxQ2CIkPQoeeDJsA.html
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April 26, 2013, 07:12:28 AM
 #1717


How embarrassing, total fail of an interview, the head of the biggest exchange who cannot describe how bitcoin works!
And pretty sure 80% of the viewers cannot comprehend his accent.
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April 26, 2013, 07:15:02 AM
 #1718


How embarrassing, total fail of an interview, the head of the biggest exchange who cannot describe bitcoin!
And pretty sure 80% of the viewers cannot comprehend his accent.


Yeah, time to hire a PR guy. I'd say he was quite nervous by the looks of it.
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April 26, 2013, 07:17:55 AM
Last edit: April 26, 2013, 07:34:12 AM by elux
 #1719


He seemed to pause to shit his pants near the end of the first question. Smiley



Still, some really interesting numbers quoted:

January: 10 000 new customers.
February: 15 000 new customers.
March: 70 000 new customers.
April: 120 000 new customers. (first half)



With 11M bitcoins in existence, there is now room for less than fifty bitcoins, on average, per Mt.Gox customer.

If you have more than fifty bitcoins, congratulations, you are the wealthy elite. Tongue
AmazonStuff
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April 26, 2013, 07:18:21 AM
 #1720

$120 bid wall decreased from 15 000 to 7 500
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