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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26371248 times)
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TheKoziTwo
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November 10, 2013, 11:26:41 PM
 #39921

btc-e is an anonymous exchange, people may be willing to pay for such privilege? They deposit with bitcoin/litecoin, sell, buy back later and withdraw with bitcoin/litecoin and never have to identify themselves.

Interesting. I wasn't aware of that. So how do they pay out dollar? Or are you saying they don't require ids for bitcoin payouts?

I'm just glad that there's multiple exchanges doing volume.
They require id if you want to deposit USD using bank transfer, but you can easily withdraw any cryptocurrency without id. In fact I think no id is required for cashing out USD either. Then they have USD deposit options such as perfect money which are also anonymous.
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Voodah
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November 10, 2013, 11:27:26 PM
 #39922

btc-e is an anonymous exchange, people may be willing to pay for such privilege? They deposit with bitcoin/litecoin, sell, buy back later and withdraw with bitcoin/litecoin and never have to identify themselves.

Interesting. I wasn't aware of that. So how do they pay out dollar? Or are you saying they don't require ids for bitcoin payouts?

I'm just glad that there's multiple exchanges doing volume.

Yup, they don't require ids for bitcoin payouts and you can also deposit USD anonymously.
freethink2013
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November 10, 2013, 11:30:48 PM
 #39923

that does explain why is slightly cheaper. gox's price, and this is just a theory, is because people think they can't get out so rather than doing nothing they play thus giving more volatility.

For me, stamp is the closest to the 'real' price.
SheHadMANHands
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November 10, 2013, 11:38:12 PM
 #39924

I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this).  Plenty of volume now though.  Certainly plenty of capitulation this weekend from those taking down profits..

Am I a wizard?

You guys have got to watch for those dub apps.
freethink2013
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November 10, 2013, 11:42:10 PM
 #39925

I thought we might settle back at ~$350 on Gox today, setting up for Monday (in case another bullish week ensues following this).  Plenty of volume now though.  Certainly plenty of capitulation this weekend from those taking down profits..

Am I a wizard?

You guys have got to watch for those dub apps.

I seem to remember some guy saying "anything below $300 is a bargain" - i feel like he almost singlehandedly saved bitcoin
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November 10, 2013, 11:50:30 PM
 #39926

I thought we might see consolidation at around $300 for while, but the highlighted article on Zerohedge saying BTC could go to $1m is dynamite.
Bring on $400.


That article seems to say it could go to $1 million because with bitcoin everything is so ridiculous you can just pick a random number out of the air (true). That said, google news only mentions the headline, which reads like a statement of fact.
BitAddict
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November 10, 2013, 11:58:26 PM
 #39927

I thought we might see consolidation at around $300 for while, but the highlighted article on Zerohedge saying BTC could go to $1m is dynamite.
Bring on $400.


That article seems to say it could go to $1 million because with bitcoin everything is so ridiculous you can just pick a random number out of the air (true). That said, google news only mentions the headline, which reads like a statement of fact.

The writer doesn't understand anything about bitcoin. He thinks the only purpose of bitcoin is playing the bubble game before the last and big burst.
jojo69
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November 10, 2013, 11:58:40 PM
 #39928

if it only goes to 1 mil I will be disappoint

I figure 7M probably
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November 11, 2013, 12:01:43 AM
 #39929

Walsoraj
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November 11, 2013, 12:06:22 AM
 #39930

I thought we might see consolidation at around $300 for while, but the highlighted article on Zerohedge saying BTC could go to $1m is dynamite.
Bring on $400.


That article seems to say it could go to $1 million because with bitcoin everything is so ridiculous you can just pick a random number out of the air (true). That said, google news only mentions the headline, which reads like a statement of fact.

The writer doesn't understand anything about bitcoin. He thinks the only purpose of bitcoin is playing the bubble game before the last and big burst.

Sounds like he understands bitcoin perfectly.
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November 11, 2013, 12:17:33 AM
 #39931

We have been overbought all afternoon....starting to turn down now.
Let's see how this plays out as China wakes up...
spooderman
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November 11, 2013, 12:47:05 AM
 #39932

dat volatility
oakpacific
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November 11, 2013, 12:52:35 AM
 #39933

gox people are ultra-bulls because they are willing to take chances because money is almost impossible to get out of there.

stamp are the middle, bit nervous but basically the real average

btc-e are total bears, kills them to be in triple digits
the third point becomes less true in strong rallies and more true in deep corrections.....btc-e traders are definitely a panicky crowd one the trend shows any sign of changing.

Can anyone explain why anyone would sell on Btc-e for less than they could get on Stamp?  Is it because of trading between LTC and others or something?

It's difficult to get USD into Russia.
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November 11, 2013, 12:53:50 AM
 #39934

Can anyone explain why anyone would sell on Btc-e for less than they could get on Stamp?  Is it because of trading between LTC and others or something?

I've long been of the opinion that some of the price disparities between the exchanges are being intentionally exacerbated. I believe there are certain individuals that can profit from this situation.

I could be off my rocker too.

I would say from the heavy manipulation on Gox witnessed last night this is spot on.
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November 11, 2013, 12:55:14 AM
 #39935

Bitstamp now only $5 below Gox.  Some folk must be making the most of arb opportunities  - the folk running Gox probably!
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November 11, 2013, 12:59:34 AM
 #39936

btc-e is an anonymous exchange, people may be willing to pay for such privilege? They deposit with bitcoin/litecoin, sell, buy back later and withdraw with bitcoin/litecoin and never have to identify themselves.

No ID and utility bill scans?
ElectricMucus
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November 11, 2013, 01:00:47 AM
 #39937

stfu
bucktotal
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November 11, 2013, 01:02:13 AM
 #39938

btc-e is an anonymous exchange, people may be willing to pay for such privilege? They deposit with bitcoin/litecoin, sell, buy back later and withdraw with bitcoin/litecoin and never have to identify themselves.

No ID and utility bill scans?

nope
SheHadMANHands
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November 11, 2013, 01:07:24 AM
 #39939

Cmon Gox, stop being a little bitch and go back to 350$.
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November 11, 2013, 01:08:53 AM
 #39940

A new way to watch Gox slurp up fiat.  http://fiatleak.com/.

Nice idea, but they need to re-configure it fast . MtGox is dead.
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