Rampion
Legendary
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Activity: 1148
Merit: 1018
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June 02, 2013, 09:35:51 PM |
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Wow. Less than $14m on Goxs order book.
And on Bitstamp, just a little over $900k.
When fiat goes away....
....cheaper coins ahead.
There will be nice buying opportunities. Wow. Less than 113k bitcoins on Goxs order book. When coins go away... ....more expensive coins ahead. There will be nice selling opportunities. Never forget to look at the other side of the coin.  That's wishful thinking. As I told you on May, 31st, when BTC was traded at $128/$130: All the indicators are screaming "down" ATM.
Now even more so, as $125 fell with no resistance whatsoever. There's no buying pressure. New investors are vary aware of the fact that we may very well be in the middle of post-bubble burst correction, and there is no hurry to buy. At all. |
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Rampion
Legendary
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Activity: 1148
Merit: 1018
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June 02, 2013, 09:36:32 PM |
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Speaking of the devil: my XRPs' BTC value has appreciated more than 20% in last two days.
Don't shoot me...
EDIT: before you call me names, I hold both BTC and XRP. And I ain't selling any.
At 6000 XRP per BTC, that would make the Ripple market cap 16.66 million BTC or ~2 billion USD. Surely not a bubble. Wait, what? 6000 XRP per BTC, and I got 20k for free, that means they're worth 3.3 BTC now or about 400 bucks? LOL... where's the best place to sell em? Inside Ripple, they have their own exchange built-in. Just be sure you get BTC/Bitstamp, and not BTC/Tradefortress  |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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June 02, 2013, 09:37:18 PM |
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XRP rising? That's interesting. Yesterday was another 1000 XRP giveaway for those who were on their newsletter before xxx. I dumped it immediately.
I have a Ripple account. Does that count? I think it's over. Received the mail 01.06.2013 06:06 UTC and according to Reddit others too. It still won't let me redeem the givaway, I take it that it's the same for others as well, and that only a few were able to. Were you registered there before February this year? If not, that probably explains why you didn't get any. |
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Abandon
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Activity: 112
Merit: 10
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June 02, 2013, 09:45:51 PM |
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XRP rising? That's interesting. Yesterday was another 1000 XRP giveaway for those who were on their newsletter before xxx. I dumped it immediately.
I have a Ripple account. Does that count? I think it's over. Received the mail 01.06.2013 06:06 UTC and according to Reddit others too. It still won't let me redeem the givaway, I take it that it's the same for others as well, and that only a few were able to. Were you registered there before February this year? If not, that probably explains why you didn't get any. I don't don't think so, but I received the e-mail with the code, and that should be enough. They even offer to set up a wallet to redeem it. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 02, 2013, 09:46:22 PM
Last edit: June 02, 2013, 09:59:34 PM by dexX7 |
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Wait, what? 6000 XRP per BTC, and I got 20k for free, that means they're worth 3.3 BTC now or about 400 bucks? LOL... where's the best place to sell em?
Ripple -> Bitstamp. Do you use Bitstamp? Edit: x_x ... scarry. Clark Moody down, bitcointalk.org lost database connection.. what's next? |
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Miz4r
Legendary
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Activity: 1246
Merit: 1000
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June 02, 2013, 10:00:54 PM |
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Wow. Less than $14m on Goxs order book.
And on Bitstamp, just a little over $900k.
When fiat goes away....
....cheaper coins ahead.
There will be nice buying opportunities. Wow. Less than 113k bitcoins on Goxs order book. When coins go away... ....more expensive coins ahead. There will be nice selling opportunities. Never forget to look at the other side of the coin. That's wishful thinking. Wow. Less than $14m on Goxs order book.
And on Bitstamp, just a little over $900k.
When fiat goes away....
....cheaper coins ahead.
There will be nice buying opportunities. Wow. Less than 113k bitcoins on Goxs order book. When coins go away... ....more expensive coins ahead. There will be nice selling opportunities. Never forget to look at the other side of the coin. That's wishful thinking. No it's not, my case is just as strong as yours. You were making a statement as if there was relatively little fiat on MtGox compared to the amount of coins. This is simply not true and can be proven easily. So, there being $14M (14.5M now) on the order book says nothing about the future price of a bitcoin if you don't compare it to the amount of coins available. You may have a case about the price going further down and cheaper coins becoming available in the near future (I have no definite opinion about this, but a weekend dip or bear trap does not seem out of the realm of possibilities to me), but please do use well grounded arguments and not one-sided FUD. |
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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June 02, 2013, 10:01:00 PM |
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Hmm, I have to install the ripple client? I only find source code on their website... I don't use bitstamp no, at least not yet  |
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Rampion
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Activity: 1148
Merit: 1018
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June 02, 2013, 10:02:32 PM |
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Hmm, I have to install the ripple client? I only find source code on their website... I don't use bitstamp no, at least not yet No, there's no Ripple client yet AFAIK, you can do it through their web. |
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dexX7
Legendary
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Activity: 1106
Merit: 1024
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June 02, 2013, 10:13:14 PM |
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Hmm, I have to install the ripple client? I only find source code on their website... I don't use bitstamp no, at least not yet Get an Bitstamp account. You don't need a Ripple client, the webwallet is fine. Redeem your XRP and add rvYAfWj5gh67oV6fW32ZzP3Aw4Eubs59B in the Ripple wallet as contact. Navigate to Advanced - Trade and add Bitstamp as issuer. Then you can buy Bitcoin IOUs there. Those can be sent to your Bitstamp Ripple address (Bitstamp: Deposit - Ripple). You have to keep something around 75 XRP as fee reserve, but you should be able to buy 1 BTC for ~6000 XRP atm. |
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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June 02, 2013, 10:19:20 PM |
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Thanks, figured it out  I'm aiming for 3.4 BTC, we'll see how this goes... |
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KS
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June 02, 2013, 10:26:41 PM |
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Thanks, figured it out I'm aiming for 3.4 BTC, we'll see how this goes... don't crash the market... |
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MickeyT2008
Sr. Member
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Activity: 350
Merit: 250
This account was recently hacked
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June 02, 2013, 10:39:37 PM |
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Clarkmoody tracker is back up again
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TheKoziTwo
Legendary
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Activity: 1552
Merit: 1047
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June 02, 2013, 10:44:08 PM |
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Thanks, figured it out I'm aiming for 3.4 BTC, we'll see how this goes... don't crash the market... I'll try my best  |
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nmersulypnem
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June 02, 2013, 10:52:20 PM |
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Thanks, figured it out I'm aiming for 3.4 BTC, we'll see how this goes... don't crash the market... I'll try my best Why would anyone buy into Ripple? It has all the downsides of a fiat currency with all the downsides of a digital currency... It's just a sad attempt to cling to the digital currency trend. |
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lucas.sev
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June 02, 2013, 11:02:39 PM |
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Wow only after having clarkmoody back up again it strikes you how much walls have shrinked on bid side...
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phoenix1
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June 02, 2013, 11:35:39 PM |
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What happened there ?
Someone wire their market making bot up the wrong way round ??
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Quantum_Negatum
Member
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Activity: 84
Merit: 10
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June 02, 2013, 11:39:17 PM |
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Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
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zemario
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June 02, 2013, 11:51:15 PM |
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Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
Almost 1% of the total bitcoins that exist. I think a proportionaly large sell offer of any other currency would have the same effect to that currency. |
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nmersulypnem
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June 02, 2013, 11:51:56 PM |
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Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
By my calculation is would be closer to 25 million USD worth. ...but in any case, that would never happen because no idiot would dump that much at once. They would dump it slowly to allow buyers to come into the market and sell at a higher price. |
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dexX7
Legendary
Offline
Activity: 1106
Merit: 1024
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June 02, 2013, 11:52:51 PM |
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Earlier this morning, about 4 million was dumped within 30 minutes, right? According to Bitcoinity, it would only take a 12.5 million dump on gox to slide all the way down to $20. Am I reading this chart correct?
I realize 12.5 mil is not likely to be dumped all at once. But still... $20 doesn't seem that far away.
You could sell ~200k Bitcoin to bring fill all orders down to $20 or 253k to bring it down to $0, with a $ outcome of ~$13-14M. But that's very very far away. That's only orders in the book, you don't know how much sleeping money there is. |
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