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phoenix1
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May 05, 2013, 05:13:54 PM |
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All clear now Richy_T ?
Haha, yes. I'll be steering clear. Those were my thoughts too ! This game is risky enough already  |
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Richy_T
Legendary
 Offline
Activity: 2436
Merit: 2119
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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May 05, 2013, 05:15:14 PM |
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Looks like we are shaping up for a scrap. Or more like a game of chicken. Who will blink first?
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phoenix1
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May 05, 2013, 05:24:13 PM |
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Looks like we are shaping up for a scrap. Or more like a game of chicken. Who will blink first?
The chicken ? Reminds me of a joke ... Why did the chicken cross the road ? To escape North Korea's long range missiles |
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EuroTrash
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May 05, 2013, 06:06:29 PM |
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This is slightly OT, but while the drama unfolds slowly and some are considering buying back in at a loss, did anyone notice the option to buy XRP with USD on BitStamp?
Yesterday they were selling at 100 XRP per USD; today at 50 XRP per USD.
Noticed the option a while back ... didn't see the price change. So all those free ripples are now worth real cash are they ! lol Where is their bid I wonder ... So you're thinking about buying back in are you You see it still looks like this to me:  So speculatively bullish short term, bearish medium term, bullish long term. But - there are a lot of buts (and butts) to be had: - the Chinese have know-how and factories to build ASICs in massive amounts (bullish) - another altcoin could come along the way and steal bitcoin's thunder (bearish) Hence I'm still unsure what to do. Speaking of XRP: I bought some yesterday for USD and sold for BTC a few hours later. It was little volume but that maneuver worked out for me like if I was buying BTC at 93 - while they were at 110. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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May 05, 2013, 06:19:21 PM |
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Wow, see those 117.98001 sells? Scarry.. but Goxlag < 1 s.
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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May 05, 2013, 06:19:52 PM |
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Well, this is a first for me.
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
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Nightowlace
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May 05, 2013, 06:21:18 PM |
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- another altcoin could come along the way and steal bitcoin's thunder (bearish)
Do you know what it would take for that to happen? |
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Frozenlock
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May 05, 2013, 06:21:45 PM |
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To avoid slippage, maybe?
Test the waters with small transactions and stop if the price moves too much.
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Nightowlace
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May 05, 2013, 06:22:04 PM |
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Well, this is a first for me.
Anyone just see like 60 - 100 sell orders come through for around .2* BTC? Clearly a program, but why do that? The price didn't change. Is it just to lag the system as BTC approaches $120?
Yes |
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Nightowlace
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May 05, 2013, 06:26:19 PM |
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I didn't see the sell orders, but yes it is to create lag. Where can I see the sell orders?
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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May 05, 2013, 06:33:56 PM |
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I didn't see the sell orders, but yes it is to create lag. Where can I see the sell orders?
On bitcoin.clarkmoody.com. Screenshot. Let's see, where we go. Chart from Bitstamp, but Gox is similar.  |
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oroboras
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May 05, 2013, 06:36:24 PM |
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Where can I see the sell orders?
http://bitcoin.clarkmoody.com/ has real time buy/sell orders listed, for up to 1000 lines. The site does lag out sometimes though. EDIT: Beaten to the punch. |
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rpietila
Donator
Legendary
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Activity: 1722
Merit: 1036
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May 05, 2013, 06:54:56 PM |
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The more volume we see around 120, the less we will ever again visit 100.
Unfortunately, I am short 2000 coins, and have no need for the dollars. I have devised a rather fancy buyback procedure, but unless we quickly go sub-100, I will make a loss on this one.
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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May 05, 2013, 06:55:13 PM |
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I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then!  Don't think so. Anyhow, your prediction skills are state of the art, man. |
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rpietila
Donator
Legendary
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Activity: 1722
Merit: 1036
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May 05, 2013, 07:00:01 PM |
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I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then! Don't think so. Anyhow, your prediction skills are state of the art, man. Thanks. Wonder I have any bitcoins left...  |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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May 05, 2013, 07:00:21 PM |
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I feel so sorry for those guys that were waiting for 70. I feel even more sorry for those guys that are now waiting for 105.
i waited and am still waiting for 70, if we never get there, oh well. Why on earth do you think we will go back to 70 any time soon? I don't need soon. By soon I mean 2015 Yes I was hinting at the next bubble burst, but you are probably right, I doubt the bottom of the next bubble will be 70. I guess what I meant really was that we simply are not going to see 70 again in my opinion. I think since 50 we've had an uptrend, higher lows and higher highs. If in 2015 BTC is worth 70$.. Well, I don't think rpietila 300k are realistic, but, expect a 70$ in two years is pretty bearish. I would say 300$ as normal easily. Well to be more clear I was looking for low 70's. And yes, we might not ever get there again. But in 2 or 3 months? Maybe. I saw the 32$ to 2$ That took months. True, but this is truly something that cannot be compared to a traditions currency, stock, protocol, technology, etc. However, I'm not saying you are wrong. Government intervention might take it down. It depends on the government. Imagine the US is against it but the rest of the world is for it... On the other hand, the China thing has just started. It can shoot to $1000 and then come back down to $70. We shouldn't get attached here. We are really taking part in one of the worlds biggest experiments. Since BTC is anti-fragile, I'd say the Universe is on our side. Realistically, BTC is not about getting rich, it is about a new form of money. And, if it is successful, you will only need 1. Think about that... IAS I'm in a win win here, btc goes down, i get more btc btc goes up, i get Ferrari man, i'm in that kind of situation too - everything that will happen is good not matter what. But honestly, I'd rather buy more cheap BTC than spend the money in silly things (no offense taken) |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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May 05, 2013, 07:08:33 PM |
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That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless. At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.  |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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May 05, 2013, 07:13:30 PM |
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I have a feeling that goat is right. It will visit double digits today after all, one last time. Remember to buy yours then! Don't think so. Anyhow, your prediction skills are state of the art, man. Thanks. Wonder I have any bitcoins left... I'll sell you some @ $300k/btc :-) |
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Its About Sharing
Legendary
Offline
Activity: 1442
Merit: 1000
Antifragile
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May 05, 2013, 07:23:23 PM |
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That wall is so crazy that it has to be part of a pump&dump scheme. Otherwise, it's just too crazy. Who the heck is going to put a $2M bid on a single point, just below the spot price, in such a tiny market as BTC? I bet is someone pushing the price up before a massive dump. Interesting situation nevertheless.
At the same time, ask sum creeping down - let's see how real is that bid wall, it would be nice to test it.
We probably can't imagine some of who are involved in BTC. I think that is a fair statement. For all we know a big buyer (VC) steps up, if that sell isn't removed first, and just purchases the $2M in bitcoins without making the price move up. Think about that. Great opportunity to buy lots at one time. If they pull it, we might just run on through it, actually that is my feeling anyway. I really don't think the large sell order will stay, just as the earlier large bid at 100 (?) got pulled. For some reason, trading today and yesterday is like a movie... |
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oroboras
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May 05, 2013, 07:24:05 PM |
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The more volume we see around 120, the less we will ever again visit 100.
Unfortunately, I am short 2000 coins, and have no need for the dollars.
That's ironic, as I am short 2000 coins, and don't HAVE the dollars =/ I am aiming for them, slowly though. If only I'd stop buying in just as it drops.  |
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