strawbs
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May 14, 2015, 11:32:55 AM Last edit: May 14, 2015, 11:43:40 AM by strawbs |
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Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen.
Also bids get pulled once you start eating and price starts to drop. Best take a sizable bite in one go. Every so often I see giant walls getting pulled as soon as they start getting eaten into. I suspect they are put there to try and manipulate the market by making people too scared to buy/sell into them. Someone said you can use borrowed coins to put up giant walls, which might explain why they sometimes get pulled so fast. Whoever put them up would stand to lose all their money if they were completely brought/sold into. No need to 'suspect' that this is happening. It IS happening. It's a common trading practice in the regular stockmarket to give false impressions of support or resistance.
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Stevenirving
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May 14, 2015, 11:44:38 AM |
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What kind of money makes you a whale?
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Norway
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May 14, 2015, 11:51:43 AM Last edit: May 14, 2015, 12:31:07 PM by Norway |
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For your calendar: 4 days to Nasdaq Stockholm kicks off the bitcoin ETN.
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Ezmoneyezlife
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May 14, 2015, 11:55:29 AM |
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Huge market sells = manipulation, huge market buys = legit rally mode.
High volume pushing price down = so many coins to push the price 5,00$ down, that's bullish! High volume pumping the price up = such demand, that's bullish!
Furthermore there only exists accumulation, have you ever seen any distribution with Bitcoin?!
*sigh*
You forgot: A shit lot of longs are opened = whales are accumulating, bullish! A few shorts are opened = squeeze incoming!!! These coins have to be bought back! Bullish! Oh, I forgot a lot of other examples, for this weird one-side logic! In one thing you can trust: The wall observer logic never changes! Blind steers never use logic and brain, they think that market makers just wanna make them rich for free, they will never get that market makers do only one thing - fuck market over and over again and now only fool dont see what kind of squeeze is coming again. And ridiculous swedish "nasdaq" crap wont change a damn thing.
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ChartBuddy
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May 14, 2015, 11:57:45 AM |
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SERVERIA
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May 14, 2015, 11:59:02 AM |
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We're going nowhere but up, ladies
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Phillis
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May 14, 2015, 12:11:28 PM |
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i see some downside to like 1410ish and then re-evaluate the market then.
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ChartBuddy
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May 14, 2015, 12:57:46 PM |
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tarmi
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May 14, 2015, 01:03:28 PM |
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After a 2 week ban I am back.
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podyx
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May 14, 2015, 01:19:27 PM |
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After a 2 week ban I am back.
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ssmc2
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May 14, 2015, 01:50:07 PM |
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tomothy
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May 14, 2015, 01:52:53 PM |
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how many coins have been dumped at bfx?
Around 14,300 coins were dumped on bitfinex. If that many coins were bought, price would be 300+ . Hello friend. Here is crash.Still bored errybody? As you see it is not 14k coins. Total volume is total volume, and market dumps are market dumps. Everyone thinks you get more money selling slowly into the bids. Guess what? There aren't enough of them to sell thousands of coins. You'll slip as you chase them down. Best to bite all the bids that are there. Bulls do the same thing on the upside as I'm sure you've seen. A large trader market selling 8000 coins into the bids isn't a crash, it is a large trader selling 8000 coins without care for what price they obtain, purely to push the price lower by temporarily outstripping natural supply and demand. They didn't get what they wanted - a cascading waterfall of sell offs - nor lots of shorting to help piggyback the price lower. If we move up from here back to 240 then that is bullish. If the price is forced lower then the bulls will continue to accumulate. The lower the price is forced the heavier that accumulation will be. I would have expected the price to break higher yesterday but it was well managed by the invisible hand, despite increased longs and closing shorts the price didn't move higher, effectively capped while the massive short position was gradually whittled down. A big buy today or tomorrow could make things interesting once again. Has anyone been keeping track of the remainder of the hacked darknet coins? With that significant sell order yesterday, which pushed us back to ~$37, there was a corresponding price move with ltc. It's interesting if you look at LTC, it's really been just steadily moving sideways the last few months and has seemed to predict the channel btc will follow. Sideways with everything for another couple months i guess? Is the last marshalls auction coming up in this September?
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ChartBuddy
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May 14, 2015, 01:57:48 PM |
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hdbuck
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May 14, 2015, 02:06:53 PM |
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After a 2 week ban I am back. Ban for what?
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molecular
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May 14, 2015, 02:09:47 PM |
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What kind of money makes you a whale?
Bitcoin
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BayAreaCoins
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Owner at AltQuick.com
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May 14, 2015, 02:14:51 PM |
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What kind of money makes you a whale?
Bitcoin
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Wandererfromthenorth
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May 14, 2015, 02:24:04 PM |
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On BitMex you can trade bitcoin's volatility, you trade an index of volatility without having to guess which way it goes. Good thing if you can time the market but you don't wanna bother waiting for the actual moves/guess which way it will go beforehand. It went from 1.5 to 3 on last night's dump.
Sounds fun, I need to get into that shit.
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rjclarke2000
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May 14, 2015, 02:29:50 PM |
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I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?
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inca
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May 14, 2015, 02:30:45 PM |
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I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?
Dont bother..
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SimpleFX
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SimpleFX.com - Free Trading & Investing App
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May 14, 2015, 02:32:19 PM |
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I'd love to have a go at trading (only small amounts) but I have no clue where to even start! any advice?
First You need a trading account and then... buy low and sell high:)
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