ElectricMucus
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Marketing manager - GO MP
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August 08, 2013, 06:34:54 PM |
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Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
You're fed up about 1%? |
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ChartBuddy
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 08, 2013, 07:00:41 PM |
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oda.krell
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August 08, 2013, 07:01:39 PM |
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War of the Competing Walls, finally also on bitstamp.
Can't we combine the two discussions somehow? Doesn't make much sense IMO to have two threads to do live discussions of trades & walls, when they really need to be looked at together.
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gizmoh
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Activity: 1428
Merit: 1000
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August 08, 2013, 07:07:25 PM |
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War of the Competing Walls, finally also on bitstamp.
Can't we combine the two discussions somehow? Doesn't make much sense IMO to have two threads to do live discussions of trades & walls, when they really need to be looked at together.
Approved for a merger |
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Kazu
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August 08, 2013, 07:19:16 PM |
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Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
You're fed up about 1%? I bought at $105.01 when the wall was at there, so technically Im fed up about like 3%. |
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ElectricMucus
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Activity: 1666
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Marketing manager - GO MP
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August 08, 2013, 07:29:24 PM |
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Damn I used to have a buy order open at $101 that would have been a really good buying opportunity.
You're fed up about 1%? I bought at $105.01 when the wall was at there, so technically Im fed up about like 3%. You'll do better next time. |
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FNG
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August 08, 2013, 07:54:10 PM |
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I agree we needed a drop to get people to start buying again. But I don't think a $5 drop is anywhere near enough. Many people out there were expecting to see 50 on the last drop and we never made it there. Not saying we do this time, but with the dead volume before the drop, it looks like interest (outside of wales) at these levels is not that high.
What do you use to determine someone as a whale? or (wale)? Because someone doesn't buy 2k+ at one go on gox doesn't mean they're not interested in bitcoin and have a bunch of cash they'll use to buy btc or invest in btc related companies? This thread makes me want to bang my head against a fucking wall. |
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 08, 2013, 08:00:52 PM |
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PurpleTentacle
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August 08, 2013, 08:01:33 PM |
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 made me think of this guy  Ok, I just had to quote this. That's the guy from Monkey Island, right? Edit: Yes, it's Stan. |
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adamstgBit
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Trusted Bitcoiner
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August 08, 2013, 08:05:59 PM |
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i'm going to start keeping track of bitcoins that need to be bought to break 180
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adamstgBit
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August 08, 2013, 08:06:04 PM
Last edit: August 08, 2013, 08:21:21 PM by adamstgBit |
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Today one can Buy 67,890 BTC for 8,753,997.87 USD which will drive the price up to 180, The buyer would have an avg price of 128.94$ if he was smart enough to buy today.
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ElectricMucus
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Activity: 1666
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Marketing manager - GO MP
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August 08, 2013, 08:14:59 PM |
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i'm going to start keeping track of bitcoins that need to be bought to break 180
Wouldn't it make more sense to keep track of the USD required to spend? |
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adamstgBit
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August 08, 2013, 08:16:53 PM |
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i'm going to start keeping track of bitcoins that need to be bought to break 180
Wouldn't it make more sense to keep track of the USD required to spend? ill do both. Today one can Buy 67,890 BTC for 8,753,997.87 USD which will drive the price up to 180, The buyer would have an avg price of 128.94$ if he was smart enough to buy today. |
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MoreFun
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Activity: 1008
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WePower.red
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August 08, 2013, 08:30:22 PM |
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i'm going to start keeping track of bitcoins that need to be bought to break 180
Wouldn't it make more sense to keep track of the USD required to spend? ill do both. Today one can Buy 67,890 BTC for 8,753,997.87 USD which will drive the price up to 180, The buyer would have an avg price of 128.94$ if he was smart enough to buy today. Do both in your notepad and stop spreading your dreamwishes. |
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Its About Sharing
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Activity: 1442
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Antifragile
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August 08, 2013, 08:35:55 PM |
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I agree we needed a drop to get people to start buying again. But I don't think a $5 drop is anywhere near enough. Many people out there were expecting to see 50 on the last drop and we never made it there. Not saying we do this time, but with the dead volume before the drop, it looks like interest (outside of wales) at these levels is not that high.
What do you use to determine someone as a whale? or (wale)? Because someone doesn't buy 2k+ at one go on gox doesn't mean they're not interested in bitcoin and have a bunch of cash they'll use to buy btc or invest in btc related companies? This thread makes me want to bang my head against a fucking wall. You should really not be offended by others opinions differing than yours. And, don't let words get to you. We all have different perspectives. To your question - When you see orders coming in for more money than most of us make in a quite a few years (e.g. $500,000) = wale. No matter what the chart looks like, they can turn the market. BUT, they (obviously wealthy people) are using TA for their entry points. If the price isn't moving up, there is no interest at the moment. Do you want to argue that? OK, I think when there is interest the demand goes up as does the price. I don't have much money but I've tried to buy things in BTC. I've put some money into mining (mostly to help the cause, and really just hoping to break even). So, I think I get the "invest in btc related companies" part. What I was saying is the small guys don't move BTC much. They have to act in tandem to do that. But one or two big guys can move the market and do. What I think is that they hope their large buys get others jumping on board. But that hasn't appeared to be the case lately. That was my point in a sense. Weird that you reacted the way you did. |
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Tzupy
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August 08, 2013, 08:36:20 PM |
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Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
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lucas.sev
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August 08, 2013, 08:39:51 PM |
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Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
The dump was not a panicky one. We did not see 99. So its correcting now. Also its super easy to bring price up, as sell walls are small. |
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Tzupy
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Activity: 2128
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August 08, 2013, 08:46:40 PM |
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Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
A close look at the chart history shows that there is nothing weird about it. It seems to happen with regularity. If this rally in progress takes the price above 106, I'll be confused, because it won't match the Elliot sub-wave theory. |
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DaSheep
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August 08, 2013, 08:51:24 PM |
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Why are we having a rally just after this dump? Doesn't make sense to me, it may take the price above 106... Weird...
Why? I sold alot at 105-106 and I don't think we're going below 100, so I bought most of it back at 102-103. Also the bid sum went from ~11m up to 13m, which looks like quite an uptrend to me. |
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Tzupy
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August 08, 2013, 08:55:57 PM |
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I also sold before the dump and bought at an average of 102.4 (101.2 would have been nice, but seemed risky),
and now the bid sum / ask sum points towards 106, with a possible overshoot to 107, that would be higher than
the start of the dump. I'll just have to watch how this unfolds and draw conclusions later.
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