RicePicker
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 Offline
Activity: 216
Merit: 100
RicePicker
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February 24, 2014, 02:47:31 AM |
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Its funny how a 7 billion dollar market can be easily manipulated by 6 million dollars worth of coins.
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"Governments are good at cutting off the heads of a centrally
controlled
networks like Napster, but pure P2P networks like Gnutella and Tor seem
to be holding their own." -- Satoshi
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creekbore
Full Member
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Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 24, 2014, 02:47:40 AM |
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So what is this persons strategy?
this is "old school" Bitcoin trading. The trick is, the price will move in the direction of the huge wall. He's getting people to set their sells lower and lower. He inches his wall down, then BOOM, he'll put the wall much lower and buy up everything in between for cheap, raising the price, catching bears off guard. At least, that's one way the game was played at lower prices on Gox. Ah...the good old days...  |
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KeyserSoze
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February 24, 2014, 02:48:37 AM |
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I suppose that there is no training or exam required in order to trade at Bitstamp, right? One can learn by doing? All I need to do is open an account, transfer in my 500,000 BTC, click on random buttons and see what happens; right?  <-------- just in case. It's easier if you send coins to an experienced trader like me. I'll let you know your results in 2 weeks. |
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creekbore
Full Member
Offline
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
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February 24, 2014, 02:49:04 AM |
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poof
"And then he was gone..." Sorry, Keyser I guess that is your line |
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MatTheCat
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February 24, 2014, 02:49:19 AM |
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poof
Yup ITs gone. Has the seller realised that his 10K order went in as 'Limit' order and is he now in the processing of 10K BTC dump, take 2? Or was it just a whale having a little fun? I certainly aint going to bed anytime soon. Something massive could he about to hit Bitcoin. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 24, 2014, 02:51:42 AM |
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now everyone is scared...
well played sir.
well played.
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empowering
Legendary
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Activity: 1078
Merit: 1441
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February 24, 2014, 02:52:00 AM |
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I suppose that there is no training or exam required in order to trade at Bitstamp, right? One can learn by doing? All I need to do is open an account, transfer in my 500,000 BTC, click on random buttons and see what happens; right? <-------- just in case. : ) you should see the daily slaughter that is the Forex market!! (in terms of joe public trading) |
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Wyld
Newbie
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Activity: 21
Merit: 0
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February 24, 2014, 02:52:05 AM |
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lol what am i watching
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 24, 2014, 02:52:17 AM |
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Its a real wall, hes dumping.
Also, same deal @ BitFenix. Walls are both moving down with lower limit orders.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 24, 2014, 02:52:29 AM |
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omg its back
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Arcas
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February 24, 2014, 02:52:58 AM |
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Fall baby fall.
My money arrives at the exchange tomorrow.
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 24, 2014, 02:53:39 AM |
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Its a real wall, hes dumping.
thats what he wants you to think your playing right into his hand IGNORE IT F'ing HODL!!!!!!!!! |
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keithers
Legendary
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Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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February 24, 2014, 02:54:11 AM |
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wow, 9109 btc sell order on stamp right now at $579...thats a big one
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MatTheCat
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February 24, 2014, 02:54:50 AM |
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now everyone is scared...
well played sir.
well played.
Don't be so sure that it was a trick. He has just tried to sell his 10K again.....again suing Bitstamps SIMPLE sell it seems cos it has went in as LIMIT order at Spot price.....he got 1000 BTC or something sold this time. This is a noob with a shit load of BTC. |
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derpinheimer
Legendary
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Activity: 896
Merit: 1000
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February 24, 2014, 02:55:05 AM |
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Its a real wall, hes dumping.
thats what he wants you to think your playing right into his hand IGNORE IT F'ing HODL!!!!!!!!! I sold first thing I saw that wall... But, those set of 3 market sells of about 300, after the wall was removed? Yeah, that was him. His wall also reduced by the same size. Definitely looks like he wants to sell. |
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Yololintian
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February 24, 2014, 02:57:30 AM |
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Some ppl were laughing at the idea that those $200 goxcoins would be flipped for 200% profit
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HairyMaclairy
Legendary
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Activity: 1414
Merit: 2174
Degenerate bull hatter & Bitcoin monotheist
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February 24, 2014, 02:58:21 AM |
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Well this mofo gonna sell some to me on the way down then.
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RicePicker
Full Member
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Activity: 216
Merit: 100
RicePicker
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February 24, 2014, 02:59:11 AM |
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What are the chances these coins came from Mtgox? He could sell all the way down to $400 and still make 3x profit if he bought at $100.
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zyk
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February 24, 2014, 02:59:20 AM |
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Its a real wall, hes dumping.
Also, same deal @ BitFenix. Walls are both moving down with lower limit orders.
it ends at Gox price for a minute but thats what you get if you let crooks at the bitcoinfoundation make your bidding |
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seriouscoin
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February 24, 2014, 03:00:07 AM |
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What are the chances these coins came from Mtgox? He could sell all the way down to $400 and still make 3x profit if he bought at $100.
Dumbass,,,, he couldnt have bought 10k btc at $100.... there is no market depth on Gox |
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