samson
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Activity: 2097
Merit: 1068
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May 24, 2013, 07:37:45 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care.  Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off. Really ? What people ? |
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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KillaMarci
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Activity: 84
Merit: 10
Bitcoin Mininode...and proud!
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May 24, 2013, 07:38:50 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care. Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off. There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox... |
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BitcoinAshley
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May 24, 2013, 07:39:59 PM
Last edit: May 24, 2013, 07:51:50 PM by BitcoinAshley |
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Ok , let's hold the bulls a bit and be serious , with facts
NIKKEI is way higher than it was one month ago , even with the drop , ( not 12%) and currently is running green at +0.9%.
Let's not get into another Cyprus story You think the NIKKEI can just drop >7% in one day and then recover the next day as if nothing has happened? Everyone has seen how much the stock market is built on hot air and how unstable it is, we have definitely not seen the last of this dip. NIKKEI wall observer thread  edit: I agree with Miz4r. NIKKEI 225 is not bitcoin, niothor. 7% swings are not routine; in fact, they are quite alarming in the current market environment. Bitcoin behaves like a penny stock so it's OK to pass off huge swings by saying "Oh it's still higher than it was a month ago." The NIKKEI is what we call a "real world market" with "big boys" and "real companies" and "real exchanges that don't suck"  Not as simple as just ignoring a 7% dump like we can do with bitcoin. |
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Miz4r
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Activity: 1246
Merit: 1000
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May 24, 2013, 07:40:59 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care. I wouldn't call a $1-2 drop shitting themselves. MtGox dropped by $2 dollars as well so fast and twitchy fingers on Bitstamp will sell immediately to make a quick buck. Besides it takes more fiat to drive up the price on Bitstamp than it takes bitcoins to drive the price down. Bid side is pretty thin close to the market price. |
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samson
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Activity: 2097
Merit: 1068
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May 24, 2013, 07:41:13 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care. Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off. There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox... Not on Gox there isn't |
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KillaMarci
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Activity: 84
Merit: 10
Bitcoin Mininode...and proud!
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May 24, 2013, 07:44:32 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care. Cause a lot of ppl are worried about all of gox's assets getting frozen and price increases there being panic buying to transfer off. There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox... Not on Gox there isn't Yeah I only meant Bitstamp. |
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dexX7
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Activity: 1106
Merit: 1024
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May 24, 2013, 07:48:00 PM |
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As soon as there's a slight drop on Gox, Bitstamp absolutely shits itself. But when there's a big rise then Bitstamp just doesnt care. It will be all good.  The gap between Bitstamp and Gox is way smaller now. And take a look at this and this. |
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stereotype
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Activity: 1554
Merit: 1000
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May 24, 2013, 07:59:24 PM |
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Watching this thing attempt to go over 132 is like watching the birth of a baby.
PUUUUSH! Cmon' PUUUUUUUUUUUUUUUSSSSHHHHHHH!!!!
Congratulations on the bouncing baby bitcoin boy. |
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ManBearPig
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May 24, 2013, 07:59:47 PM |
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 Found a new blue line I like the look of very much |
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ChartBuddy
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 24, 2013, 08:01:30 PM |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 24, 2013, 08:02:54 PM |
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Found a new blue line I like the look of very much Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines? |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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May 24, 2013, 08:06:28 PM |
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Found a new blue line I like the look of very much Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines? the drop to 50 was dumb so it doesn't count  |
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Frozenlock
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May 24, 2013, 08:09:47 PM |
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Found a new blue line I like the look of very much Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines? the drop to 50 was dumb so it doesn't count The rise to $266 was the dumb one. |
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icekiss
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Activity: 70
Merit: 10
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May 24, 2013, 08:16:04 PM |
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There's definitely tension in the air. Lots of panic selling as soon as there's even a slight downturn on Gox...
Pah, I am still wating for the "panic selling". bitstamp seems hardly to have noticed that mt.gox is not charging ahead anymore... |
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ElectricMucus
Legendary
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Activity: 1666
Merit: 1057
Marketing manager - GO MP
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May 24, 2013, 08:22:36 PM |
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Found a new blue line I like the look of very much Do you realize that the closing price of a daily candle is kind of arbitrary when it comes to trend lines? the drop to 50 was dumb so it doesn't count uhhh...  |
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icekiss
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Activity: 70
Merit: 10
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May 24, 2013, 08:31:48 PM |
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bitstamp:
Mini ask wall (240BTC) at 129.39
significant, because this is the first thing to move the price on bitstamp down from the daily high of 129.9
bitstamp sometimes really does require patience, more so than mt.gox...
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molecular
Donator
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Activity: 2772
Merit: 1019
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May 24, 2013, 08:32:42 PM |
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Or it could just be: volume was low for a while. now it is high again. normally volume gets high when price moves.
But, yes, "insider trading" is more likely
Brilliant analysis... on the other hand: aren't we all insiders? |
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icekiss
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Activity: 70
Merit: 10
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May 24, 2013, 08:41:11 PM |
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bitstamp: ask wall (barely shrunken to 230BTC) moved down to 128.75
mt.gox: looks like we will fall below 131
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KillaMarci
Member
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Activity: 84
Merit: 10
Bitcoin Mininode...and proud!
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May 24, 2013, 08:50:58 PM |
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Sold @129.5 on Bitstamp. Knew something was not right here.
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