derpinheimer
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Activity: 896
Merit: 1000
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February 24, 2014, 04:54:43 AM |
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Today Sunday Feb/23, the BTC trade volume outside China (excluding MtGOX) was ~53 kBTC, practically the same as yesterday.
On the other hand, the trade volume in China was ~338 kBTC, 20% higher than yesterday's. OKCoin grew more than Huobi.
As a consequence, the Chinese shre of the total volume in all the exchanges (excluding MtGOX) was 86%, up from yesterday's 83%.
Bitstamp was still the leader outside China (~21 kBTC), followed by Bitfinex (~16) and BTC-e (~14)
Interesting. I still dont believe China volume can be fairly compared to "other" volume, though. |
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"I'm sure that in 20 years there will either be very large transaction volume or no volume." -- Satoshi
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surfer43
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Activity: 560
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"Trading Platform of The Future!"
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February 24, 2014, 04:54:51 AM |
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nice 2 watch a wall get eatn
... 60 seconds after it happened... and only if its in your favour, otherwise you are panicked into hodling |
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surfer43
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Activity: 560
Merit: 250
"Trading Platform of The Future!"
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February 24, 2014, 04:55:58 AM |
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People should announce before they move the market more than 50%  Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility  Really, more than 200% instant profits I can take. |
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kkaspar
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Activity: 140
Merit: 100
banned but not broken
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February 24, 2014, 04:57:09 AM |
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.. visible sell walls like that are bought back by the same people who post them. This is to stimulate demand and to demonstrate how high the buying pressure is.
You will buy into this wall, because it seems that everyone are buying into it and as soon as the wall breaks, it will go to da moon!
But really you are just helping one guy/group to get rid of his/its coins with a fixed price.
With an unregulated market system, it's not hard to be a 0% fee trader.
Then when he dumps the rest, he'll use the money you gave him to buy it all back lower, with a nice profit to go along with it. This is routine method in the BTC-E/LTC market. Rarely see this with STAMP/BTC though. Means that someone is desperate  I think that's nice.. |
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Vycid
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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February 24, 2014, 04:57:18 AM |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
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TheScientist
Newbie
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Activity: 14
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February 24, 2014, 04:57:32 AM |
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nice 2 watch a wall get eatn
And the fact its being left to get eaten suggests the seller is more interested in liquidating than manipulating, would you think? + 1 someone wants fiat. plain and simple. |
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surfer43
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February 24, 2014, 04:58:10 AM |
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nice 2 watch a wall get eatn
And the fact its being left to get eaten suggests the seller is more interested in liquidating than manipulating, would you think? Yeah, they are interested in not manipulating, especially when it is very soon after the buy order is placed. Selling when a wall is there does only fear while selling without a wall causes ⇩... |
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Holliday
Legendary
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Activity: 1120
Merit: 1009
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February 24, 2014, 04:58:24 AM |
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People should announce before they move the market more than 50% Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility Really, more than 200% instant profits I can take. Well I hope for your sake that you are someday able to claim any profits you've earned at Gox. |
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Vycid
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Activity: 336
Merit: 250
♫ the AM bear who cares ♫
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February 24, 2014, 04:59:07 AM |
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People should announce before they move the market more than 50% Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility Really, more than 200% instant profits I can take. Well I hope for your sake that you are someday able to claim any profits you've earned at Gox. He's always got an out via BitcoinBuilder. |
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Holliday
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February 24, 2014, 05:01:07 AM |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
I certainly don't expect rational behavior from Gox customers, otherwise they wouldn't be Gox customers in the first place. |
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Holliday
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Activity: 1120
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February 24, 2014, 05:02:43 AM |
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People should announce before they move the market more than 50% Gox isn't a market, its a joke. Why do you even care what is happening at the exchange that couldn't? I have BTC there. To fail at taking advantage of the volatility Really, more than 200% instant profits I can take. Well I hope for your sake that you are someday able to claim any profits you've earned at Gox. He's always got an out via BitcoinBuilder. Indeed. I don't really follow the Gox situation further than what I read here. I suppose people have received actual Bitcoins from BitcoinBuilder? |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 24, 2014, 05:02:51 AM |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 24, 2014, 05:02:51 AM |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
Gox is not the market. |
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RicePicker
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Activity: 216
Merit: 100
RicePicker
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February 24, 2014, 05:04:02 AM |
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So after the 10k coins are sold into the market and 6 million dollars are removed from the exchange the price is suppose to go up with 6 million dollars less on the books?
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marcelv3612
Newbie
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February 24, 2014, 05:04:24 AM |
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funny how TA works. I bet we are going to test 560-590 in the next few hours. Anyone up for the bet? 1BTC biafore, is that you? this is my first/only acc.. I joined only recently, following this thread for a month. wow would be nice to see a genuine bet. They always turn out to be trolls on here. I'll escrow if you want.
Yes, would be nice. damn, could have made easy bitcoin |
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surfer43
Sr. Member
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Activity: 560
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"Trading Platform of The Future!"
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February 24, 2014, 05:05:19 AM |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
Gox is not the market. The market was referring to the goxcoin market |
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kkaspar
Full Member
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Activity: 140
Merit: 100
banned but not broken
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February 24, 2014, 05:06:31 AM |
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Look, everyone are buying that big wall. Go and buy those "cheap coins" quickly!
Doesn't mater that this buying pressure just came out of thin air and no one was interested in buying 580$ coins before that big wall ;-)
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Holliday
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Activity: 1120
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February 24, 2014, 05:07:11 AM |
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Look, everyone are buying that big wall. Go and buy those "cheap coins" quickly!
Doesn't mater that this buying pressure just came out of thin air and no one was interested in buying 580$ coins before that big wall ;-)
Smart buyers want liquidity. Day tarders want to move the market. |
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MatTheCat
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February 24, 2014, 05:07:23 AM |
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So after the 10k coins are sold into the market and 6 million dollars are removed from the exchange the price is suppose to go up with 6 million dollars less on the books?
Yeah...that would make sense...... ......to a fucking idiot! Look, everyone are buying that big wall. Go and buy those "cheap coins" quickly!
Doesn't mater that this buying pressure just came out of thin air and no one was interested in buying 580$ coins before that big wall ;-)
The seller has engineered this move to rip the arse out of the dumb trading bots. These are mostly automated buy orders that are nibbling into his once 10K sell wall. HE is getting to shift 10K BTC at 'spot price'..... pretty slick move. |
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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February 24, 2014, 05:08:35 AM |
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Is anyone else struck by the irony that the community has been demanding Mark's resignation for weeks now, but when he actually resigns the market responds with a 50% drop?
Is that accurate, or is there some part I'm missing here?
Gox is not the market. The market was referring to the goxcoin market The community demanding Mark's resignation is the greater community and the greater market, therefor this is not ironic. |
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