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Question: Jan. 17 Closing Price:
$0 - 3 (2.7%)
<$6500 - 5 (4.5%)
$6,500-$7,000 - 6 (5.4%)
$7,000-$7,500 - 8 (7.2%)
$7,500-$8,000 - 16 (14.4%)
$8,000-$8,500 - 25 (22.5%)
$8,500-$9,000 - 10 (9%)
$9,000-$9,500 - 15 (13.5%)
>$9,500 - 23 (20.7%)
Total Voters: 111

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21497066 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. (138 posts by 32 users deleted.)
Vigil
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February 11, 2014, 03:51:54 AM
 #86201

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?
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shmadz
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February 11, 2014, 03:52:58 AM
 #86202

I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane.

Exactly.

Insane, definitely yes.

But it does not matter to us hodlers.

In the central bank fiat world such a blow up causes them to print more fiat which negatively hurts me the prudent saver by lowering the value of my fiat.

In the bitcoin world such a blow up only causes BTC-E and their customers to lose money, while prudent savers are left untouched with the exact same BTC as they started with.

Agreed. You wanna talk insane? the central bank financing system is insane.

Centralized systems are coming to an end. they have become unnecessary in the advent of the internet. the publicly audited, distributed, de-centralized accounting system now known as a "block-chain" is simply one more tool in the hands of the many that will help take back the power from the few.
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February 11, 2014, 03:53:10 AM
 #86203

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

UP

*eventually*
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February 11, 2014, 03:58:19 AM
 #86204

annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.

For every weak hand that has been shaken another new weak hand bought coins. After every crash, big or small, i have to read how the weak hands are shaken. There would've been no weak hands left by now. It's nonsense.
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February 11, 2014, 04:01:21 AM
 #86205

annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.

For every weak hand that has been shaken another new weak hand bought coins. After every crash, big or small, i have to read how the weak hands are shaken. There would've been no weak hands left by now. It's nonsense.

i like to think i'm a strong hand, and guess what, i had bids fill few days ago, yesterday, today and i expect more filled tomorrow.

 Wink
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February 11, 2014, 04:03:07 AM
 #86206

Jorge imo the recovery is going to be thinner in volume relatively at least. The flash crashes wipes out the Fiat on all the 50/50 btc/fiat accounts as they are getting their limit orders filled.

When someone is selling for fiat another person generally a stronger hand is buying those coins, combined with the fact we've had support on all these flash crashes during a time of high FUD surrounding gox might start to re inspire some of those less certain about the Future. My friend is still waiting on his 400 price point to get in, I told him your welcome to wait but have the cash set on limit orders if you expect to ever get first come first serve status on those.
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February 11, 2014, 04:03:32 AM
 #86207

Done with Gox
Explanation
hell yeah  Smiley Add more besides bitstamp now  Tongue
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February 11, 2014, 04:03:42 AM
 #86208

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.
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February 11, 2014, 04:06:11 AM
 #86209

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.

I really hope thats what happens.  I'm in it for the long haul but it still hurts to see it go down. 
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February 11, 2014, 04:09:10 AM
 #86210

Anyone want to fulfill this thread's purpose and provide some insight as to where we are headed?

I'm no pro but…

I think we are at the top of a bounce from the crash. So a slow decline, maybe 50-75USD over the next 24-48 hours as speculators wait to see the full affect of public perception of this news before making big moves. But by the end of the week bitstamp should be back around 800, gox 680.


depends on how we treat this wall at 720 Cheesy anyone who sold above 800+ could steal re join feeling safer at this point...but who knows we just gotta wait and see.
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February 11, 2014, 04:11:37 AM
 #86211

Because of the "Karpeles crash", volume today (Mon Feb/10 UTC) was very high in general, comparable to that of last Friday Feb/04, when the banks reopened in China. 
 

Think you could remove gox from your reports?
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February 11, 2014, 04:13:23 AM
 #86212

OK, I have to admit, I sometimes feel the panic of lack of trust in the exchanges, so I decided to do a test withdrawl (some one many pages ago posted that they couldn't withdraw from btc-e, so I tested my exchange with a small withdrawl...



is that not the same shit that Gox was talking about?

this is the first time I have ever had a non-confirmed transaction, even during the fork last year... (I think it was last year?)

I still got my bitcoin, which at least gives me confidence that Virtex's system can account for these TX id's being changed, but is this transaction mixing going to become a real problem? and just how hard would it be to fix it?

sorry for serious question.
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February 11, 2014, 04:14:27 AM
 #86213

Is it correct to say that Gox is responsible for the first, second and fourth big crash of Bitcoin?
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February 11, 2014, 04:15:13 AM
 #86214

Is it correct to say that Gox is responsible for the first, second and fourth big crash of Bitcoin?

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February 11, 2014, 04:15:38 AM
 #86215

you want to be on the receiving end of the weak hand selling, there's alot of FUD out there many reasons for the week hands to capitulate

the way to trade this is to be in it for the long haul

pace low bids

hope they fill

when they do be ready to place more.

don't be greedy and think you can catch the very bottom, just make sure to be a market participant that turns out to be the winner.
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February 11, 2014, 04:21:19 AM
 #86216

Gox just continues to diverge from the other exchanges... ridiculous.
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February 11, 2014, 04:22:01 AM
 #86217

Gox just continues to diverge from the other exchanges... ridiculous.
market's never wrong, opinions are  :p
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February 11, 2014, 04:23:07 AM
 #86218

Gox just continues to diverge from the other exchanges... ridiculous.

Wait for what happens when you can withdraw Bitcoin again
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February 11, 2014, 04:23:43 AM
 #86219

Gox just continues to diverge from the other exchanges... ridiculous.

Wait for what happens when you can withdraw Bitcoin again
until then it is going to continue to drop.
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February 11, 2014, 04:25:14 AM
Last edit: February 11, 2014, 07:46:50 PM by PoolMinor
 #86220


For every weak hand that has been shaken another new weak hand bought coins. After every crash, big or small, i have to read how the weak hands are shaken. There would've been no weak hands left by now. It's nonsense.

Edit:

Some of my BTC will be leaving my weak hands between today and tomorrow at about $780-$800 area.
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