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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26372432 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. (174 posts by 3 users with 9 merit deleted.)
Wandererfromthenorth
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January 13, 2015, 04:39:30 AM

Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?


Do you take chargebacks? Cuz if you do I'm staying away you scammer!  Angry
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derpinheimer
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January 13, 2015, 04:42:05 AM

what exchanges have a stop loss feature?  seems dangerous with whales and a thin market.


bitfinex has a stop-stop loss system, so I imagine they have stop-losses
samsonn25
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January 13, 2015, 04:44:39 AM

what exchanges have a stop loss feature?  seems dangerous with whales and a thin market.


Why  are people  even  trading btc?
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January 13, 2015, 04:45:42 AM

Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?



N00b, you know nothing of Beanie Babies.  Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u?  Fuck no is right!

poncho32
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January 13, 2015, 04:46:46 AM

what exchanges have a stop loss feature?  seems dangerous with whales and a thin market.


Why  are people  even  trading btc?

Either because they want fiat money or to increase their bitcoin stash
twiifm
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January 13, 2015, 04:47:42 AM

what exchanges have a stop loss feature?  seems dangerous with whales and a thin market.


Why  are people  even  trading btc?

Masochism
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January 13, 2015, 04:48:58 AM

Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?

http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg

N00b, you know nothing of Beanie Babies.  Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u?  Fuck no is right!

http://s30.postimg.org/a8n4o8v9d/beanie1.gif
Idiot traders are completely ruining the market. They won't stop til its dead. Enjoy your pump and dump beanie babies!
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Let's talk governance, lipstick, and pigs.


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January 13, 2015, 04:51:39 AM

Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?

http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg

N00b, you know nothing of Beanie Babies.  Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u?  Fuck no is right!

http://s30.postimg.org/a8n4o8v9d/beanie1.gif
Idiot traders are completely ruining the market. They won't stop til its dead. Enjoy your pump and dump beanie babies!
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
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January 13, 2015, 04:53:37 AM

Bitstamp | Total bids: 1066639 USD. Total asks: 12160 BTC. Ratio: 87.71315 USD/BTC.

😈

wow, only million in bids
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January 13, 2015, 04:54:28 AM

You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.

I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you.
cbeast
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January 13, 2015, 04:56:47 AM

You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.

I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you.
That's just it. In a panic buy, nobody can log in. DDOS attacks ensue. Orders get cancelled. People are forced to buy back high or are out.
NotLambchop
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January 13, 2015, 04:58:30 AM

...
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.

Mabel, he's dead, we burred the boy.  That ...that THING knocking at our door ain't our Bitcoin.  Some things are best let go, you ...you don't want him back like  ...that.
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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January 13, 2015, 05:00:06 AM

Bitfinex

Bitstamp

Explanation
DaRude
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January 13, 2015, 05:01:09 AM

what exchanges have a stop loss feature?  seems dangerous with whales and a thin market.


Why  are people  even  trading btc?

Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss
Wandererfromthenorth
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January 13, 2015, 05:02:51 AM

Bitstamp

Explanation

NotLambchop
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January 13, 2015, 05:03:31 AM

...
Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss

At a loss?  All the permabulls got coin @ $6, if I'm to take their word for it.
JorgeStolfi
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January 13, 2015, 05:06:14 AM

This is like $1000 but in complete opposite. Cry

In a sense it is.  Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges.

I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers.  My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources.  Perhaps 1 or 2 million BTC in total.

Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles.  However, in the last couple of months the decay seems to be linear, or even faster than linear.  Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months.
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January 13, 2015, 05:06:44 AM

At a loss?  All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face  Cheesy
DaRude
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January 13, 2015, 05:09:51 AM

This is like $1000 but in complete opposite. Cry

In a sense it is.  Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges.

I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers.  My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources.  Perhaps 1 or 2 million BTC in total.

Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles.  However, in the last couple of months the decay seems to be linear, or even faster than linear.  Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months.

Or BTC farms are getting insolvent and being liquidated causing a domino effect. Guessing hardware providers will be getting squeezed too now
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January 13, 2015, 05:10:30 AM

At a loss?  All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face  Cheesy

Exactly.  And you haven't bought any since that one @ $2.5, because what sort of a rube would do that, amirite?
Right on!

P.S:  I'm not just smiling reading this thread, I'm laughing.  Can't remember ever being this happy! 
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