surfer43
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February 24, 2014, 05:09:12 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. Rich buyers want liquidity. Day tarders want to move the market. FTFY |
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kkaspar
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Activity: 140
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banned but not broken
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February 24, 2014, 05:10:12 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. Smart traders want profit. There are no smart buyers with bitcoin. If someone buys bitcoins without the intention to trade, then that one sadly can't be smart. |
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surfer43
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"Trading Platform of The Future!"
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February 24, 2014, 05:10:24 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. +1 |
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Holliday
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February 24, 2014, 05:12:24 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. Smart traders want profit. There are no smart buyers with bitcoin. If someone buys bitcoins without the intention to trade, then that one sadly can't be smart. OK! Chase that fiat! |
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kkaspar
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Activity: 140
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banned but not broken
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February 24, 2014, 05:12:39 AM |
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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.
It's not just for bots. There are plenty of people who are actually manually buying into this wall, because it seems that everyone else are doing it also. Some people are not very different from bots, when it comes to trading. Just look at this topic, and the people it involves. |
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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, 05:16:07 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. Smart traders want profit. There are no smart buyers with bitcoin. If someone buys bitcoins without the intention to trade, then that one sadly can't be smart. Smart traders want profit. There are no smart buyers with bitcoin. If someone bought bitcoins when they costed less than 1 dollar without the intention to trade, they are smart. If someone buys bitcoins without the intention to trade and they are worth $1 million next year, then they are smart. If someone bought bitcoins when they were less than a dollar with the intention to trade, then they inevitably sold when they were $10 if they were smart, and therefore are stupid because they lost out on their bitcoins going to 1000 dollars. Relativity invalidates your argument... like many arguments |
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derpinheimer
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Merit: 1000
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February 24, 2014, 05:17:02 AM |
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On a semi-intersting note, the BitStamp bit sum has dropped 0.25m in the last hour, after the dumping stopped, and when the buying began.
So some of these buyers are pulling bids to buy in, it seems to me.
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kkaspar
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Activity: 140
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banned but not broken
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February 24, 2014, 05:17:17 AM |
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OK! Chase that fiat!
Fiat, bitcoin, gold, seashells... doesn't matter. What matters, is what currently holds wealth. |
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molecular
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Merit: 1019
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February 24, 2014, 05:19:14 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
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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, 05:20:15 AM |
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good morning from Europe. What the fuck happened? Karpeles resigned his foundation seat?
IDK but the only reason he would do such a thing is if he SODL below 200. |
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derpinheimer
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Merit: 1000
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February 24, 2014, 05:21:05 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
 |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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February 24, 2014, 05:21:23 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
its not everyday someone posts a 10K wall scared the shit out of everyone. |
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Holliday
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February 24, 2014, 05:24:05 AM |
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scared the shit out of everyone.
The coins of one dude are now in the hands of many. What is there to be scared about? |
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molecular
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February 24, 2014, 05:24:37 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
its not everyday someone posts a 10K wall scared the shit out of everyone. well, it's gone now |
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molecular
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February 24, 2014, 05:25:13 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash  |
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isov
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February 24, 2014, 05:25:59 AM |
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1 Day chart macd also JUST on the edge of turning green on Stamp. hasn't been green since that 955$ rally in january. This huge sell wall also is interesting. Not too often you see them actually being sold in this scale.
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derpinheimer
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February 24, 2014, 05:26:09 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash Still 5k left |
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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, 05:26:44 AM |
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The current factor holding the BItcoin price down is that too few people hold too many coins. (Satoshi has 1 million, FBI has 100K, etc.)
Once more people hold less coins, the price will go up.
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Holliday
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February 24, 2014, 05:27:51 AM |
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good morning from Europe. What the fuck is the reason for the selloff? Karpeles resigned his foundation seat?
Who really knows? Maybe magicaltux is pissed at bitcoin and selling his stash We can only hope! |
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