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niothor
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June 02, 2013, 04:22:41 PM |
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Ok , I think the worst is behind us.
Probably Monday morning will clear things.
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The grue lurks in the darkest places of the earth. Its favorite diet is adventurers, but its insatiable appetite is tempered by its fear of light. No grue has ever been seen by the light of day, and few have survived its fearsome jaws to tell the tale.
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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June 02, 2013, 04:24:16 PM |
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It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115. It's people cashing out. Not rebuying. Not a good sign. What? Dumping thousands of coins in one market order is possibly the WORST way to cash out in existence. All signs point to "NOT people cashing out." So what makes you say, with such certainty, "It's people cashing out." Stupidity? Ignorance? Thinking that dumping thousands of coins in one market order and experiencing slippage 2 DA MAX is the best way to cash out rather than the worst?  EDIT: And no, the fact that they did not instantly rebuy all $2.5 million worth of coins and bring price back up to 125+ does not definitively mean they are cashing out. That's not how this game works.  You forgot one thing. They did it in the middle of the night on a WEEKEND. Great test... |
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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June 02, 2013, 04:26:10 PM |
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Ok , I think the worst is behind us.
Probably Monday morning will clear things.
We are sitting nicely on support but I don't like the bottom of big rid candles to define support. Hopefully we have a high volume selloff tomorrow and come back up to form a nice hammer. |
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samson
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Activity: 2097
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June 02, 2013, 04:27:21 PM |
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As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
This ^ |
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Frozenlock
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June 02, 2013, 04:27:57 PM |
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You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
Middle of the night? It was 5 am here and around 11 am in Europe. |
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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June 02, 2013, 04:39:28 PM |
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You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
Middle of the night? It was 5 am here and around 11 am in Europe. 5am - Who is up then? 11am - Got me there. But still, Sunday and most volume is from American trades (e.g. - Here in Germany we are at 1,200 on bitcoin.de)... |
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Frozenlock
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June 02, 2013, 04:57:20 PM |
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So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?
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Richy_T
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Activity: 2436
Merit: 2119
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 02, 2013, 05:00:43 PM |
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Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.
That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only. Congratulations, you just rolled back about a century of physics. |
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 02, 2013, 05:01:22 PM |
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Zarathustra
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Activity: 1162
Merit: 1004
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June 02, 2013, 05:06:56 PM |
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You forgot one thing. They did it in the middle of the night on a WEEKEND.
Great test...
In the middle of the night? Do you think the Earth is flat? |
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Zarathustra
Legendary
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Activity: 1162
Merit: 1004
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June 02, 2013, 05:12:37 PM |
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Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.
That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only. Congratulations, you just rolled back about a century of physics. A century of BS-physics. But I know, some QM 'physicists' (not all !) do indeed believe, that there are 'possibilities' for the past and the future. |
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lucas.sev
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June 02, 2013, 05:26:36 PM |
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Some buys pushing price up...
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Its About Sharing
Legendary
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Activity: 1442
Merit: 1000
Antifragile
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June 02, 2013, 05:29:13 PM |
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So unless it's between 9h and 17h, on a monday, 'murica time, it's manipulation?
No, but to put a large sell order in on a weekend, at 5am is either manipulation or stupidity regarding the price you will get. I didn't rule out the latter. But this is a speculation forum. |
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Abandon
Member
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Activity: 112
Merit: 10
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June 02, 2013, 05:32:10 PM |
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Bitstamp is bullish, at $123.
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Bitcycle
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June 02, 2013, 05:32:59 PM |
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Bitstamp is bullish, at $123.
The other exchanges haven't seemed as gullible as gox this morning. |
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TheKoziTwo
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Activity: 1552
Merit: 1047
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June 02, 2013, 05:36:48 PM |
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BTC-E at $120, mtgox at $118. It's interesting how BTC-E now is higher than mtgox, it used to be like $10 lower  |
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Frozenlock
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June 02, 2013, 05:42:00 PM |
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Bitstamp is bullish, at $123.
The other exchanges haven't seemed as gullible as gox this morning. Yeah, who would sell, when we know it's going to da mooooon! |
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micalith
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June 02, 2013, 05:44:27 PM |
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BTC-E at $120, mtgox at $118. It's interesting how BTC-E now is higher than mtgox, it used to be like $10 lower Can't use gox to predict stamp movements any more  |
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Abandon
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Activity: 112
Merit: 10
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June 02, 2013, 05:47:39 PM |
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It can go either way from here, from the looks of it. I'm no longer shorting, but not ready to buy back in.
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Le Happy Merchant
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June 02, 2013, 05:52:57 PM |
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Yeah, who would sell, when we know it's going to da mooooon!
Honestly though, who is selling right now? Who has been in this long (assuming they have) and doesn't just want to sit back and watch? |
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