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Frozenlock
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April 30, 2013, 03:22:34 PM |
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I don't think it's a DDOS...
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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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smoothie
Legendary
 Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 30, 2013, 03:22:45 PM |
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whoever sold....LAWL! SO FAIL! HAHAHA!  |
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mccorvic
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April 30, 2013, 03:22:50 PM |
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I still don't understand that dump. We were heading for 150.
Don't try to understand it. Just children playin' with their daddy's money. Prepare for bear tears soon. |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 30, 2013, 03:23:33 PM |
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samson
Legendary
Offline
Activity: 2097
Merit: 1068
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April 30, 2013, 03:27:28 PM |
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whoever sold....LAWL! SO FAIL! HAHAHA! I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale. What's to laugh about ? I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me. |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 30, 2013, 03:30:09 PM |
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whoever sold....LAWL! SO FAIL! HAHAHA! I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale. What's to laugh about ? I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me. When you sell there isn't always a guarantee you get to buy cheaper. lol |
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Rampion
Legendary
Offline
Activity: 1148
Merit: 1018
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April 30, 2013, 03:32:06 PM |
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I don't think it's a DDOS...
You really see so many trades to lag the engine? I see a ridiculous amount of trades. If that lags their engine... Wow. |
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rpietila
Donator
Legendary
Offline
Activity: 1722
Merit: 1036
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April 30, 2013, 03:36:20 PM |
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I think $137.5 will likely hold. If not, it is just more coins to the strong hands, and the runup will be that faster..
The cup is now quite tilted to the downside. Expect immediate bounce to about $141.
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 30, 2013, 03:39:32 PM |
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This is a correction cause the supposed influx of new money has not been consequent !
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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April 30, 2013, 03:41:15 PM |
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Has anyone tried to analyze what these short down moves are trying to accomplish? It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 30, 2013, 03:42:32 PM |
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All I see are weak hands that will buy back higher or go home. |
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Frozenlock
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April 30, 2013, 03:42:59 PM |
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Trying to accomplish? Nothing, people are selling...
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gizmoh
Legendary
Offline
Activity: 1428
Merit: 1000
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April 30, 2013, 03:45:58 PM |
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Many bought in anticipation of a rally on Tuesday which never came hence the selling pressure.
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SlipperySlope
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April 30, 2013, 03:46:54 PM |
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Has anyone tried to analyze what these short down moves are trying to accomplish? It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.
Either profit-taking - which is the case for buyers after April 12, or stop loss - which is the case for buyers above current prices. In the first case, the motive is to realize a gain in dollars. In the second case the motive is to prevent further losses. I do not impute a manipulation motive where greed and fear are sufficient. |
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Cablez
Legendary
Offline
Activity: 1400
Merit: 1000
I owe my soul to the Bitcoin code...
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April 30, 2013, 03:48:35 PM |
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Has anyone tried to analyze what these short down moves are trying to accomplish? It does not seem to be to just suppress price as it always bounces back fairly quickly.
What is the underlying motive then? Just trying to learn.
Either profit-taking - which is the case for buyers after April 12, or stop loss - which is the case for buyers above current prices. In the first case, the motive is to realize a gain in dollars. In the second case the motive is to prevent further losses. I do not impute a manipulation motive where greed and fear are sufficient. Well said, I think I am getting it. Thanks |
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fitty
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April 30, 2013, 03:50:59 PM |
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Trying to accomplish? Nothing, people are selling...
I'm skeptical that a 5k market order to sell is the best way to get the most money for your 5k coins. It's also odd to see fairly large asks walls pop up right at the bottom of the drop. |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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April 30, 2013, 03:51:43 PM |
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Many bought in anticipation of a rally on Tuesday which never came hence the selling pressure.
probably.. |
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phoenix1
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April 30, 2013, 03:52:05 PM |
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whoever sold....LAWL! SO FAIL! HAHAHA! I don't see why you're laughing, anyone who sold can now buy more BTC from the proceeds of their sale. What's to laugh about ? I sold all of mine at $162 and they're now considerably cheaper so that would be a reasonable gain for me. When you sell there isn't always a guarantee you get to buy cheaper. lol But there is a guarantee that smoothie will laugh at you |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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April 30, 2013, 03:52:20 PM |
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Trying to accomplish? Nothing, people are selling...
LOL keep telling yourself that when we are at $150+ by week's end. Oh and by the way...you should sell now and buy back in higher. Thanks |
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SlipperySlope
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April 30, 2013, 03:57:10 PM |
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Trying to accomplish? Nothing, people are selling...
I'm skeptical that a 5k market order to sell is the best way to get the most money for your 5k coins. It's also odd to see fairly large asks walls pop up right at the bottom of the drop. Agreed, I asked that question some days ago. There appears to be a significant amount of large-order trading that is sub-optimal, in that certain alternative tactics may be better: a limit order lets the other side come to you with no slippage, or a big order should be sliced up and targeted at select counter offers over a period of time - and program trading can automate that too. |
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Poll
