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MikeH
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August 14, 2013, 08:18:15 AM |
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what did I miss? is this a news based rise?
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In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
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Hawkix
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August 14, 2013, 08:23:37 AM |
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Is it panic buy to get fiat out of MtGox asap, or start of some rally? The spread between other exchanges widens ...
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Le Happy Merchant
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August 14, 2013, 08:23:52 AM |
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I was just telling my dad that I expect $200+ by the end of the month, this movement bodes well.
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lucas.sev
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August 14, 2013, 08:31:05 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. |
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barbs
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August 14, 2013, 08:48:50 AM |
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Must be the statement on CNBC of Benjamin Lawsky, superintendent of NY Department of Financial Services, that they want Bitcoin businesses to thrive in New York! "In the end of the day we want firms to thrive here in New York, we don't want to crush them." https://bitcointalk.org/index.php?topic=273411.0Wall Street money flowing to Bitcoin? watching the pattern of clearing asks -> placing huge bid walls at 1XX.00$ directly after I'm pretty sure it's being manipulated upwards buy whales. |
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rpietila
Donator
Legendary
 Offline
Activity: 1722
Merit: 1036
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August 14, 2013, 08:53:00 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. There is a significant lag from publicity to action. Just think about yourselves - how many months it took from the first hearing about bitcoin to taking position? Mine was about 12 months of active following before I bought any bitcoins. The great majority that heard in the great media bombardment in this February-April (perhaps 100 times more people heard about bitcoin this year, compared to 2011), has yet to purchase anything. We are currently in a stage where every single purchase by these people is viewed as something special. No, these are all early adapters from this "attention batch". The adoption curve will get steeper, and this will also increase the price. I don't believe that the recent news are cause of much anything. Not many are following the bitcoin news now. It is the great masses that heard earlier this year, a certain percentage of them will invest a certain percentage of their portfolio, that will determine the bitcoin price in the months going forward. |
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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August 14, 2013, 08:53:42 AM |
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We'll see if those buy walls are real or not. If they are real, then there are 7.3k BTC to dump down to 110, quite a tempting harvest.
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rpietila
Donator
Legendary
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Activity: 1722
Merit: 1036
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August 14, 2013, 08:55:02 AM |
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Bitstamp @100
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lucas.sev
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August 14, 2013, 08:56:26 AM |
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Blastoff?   |
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SGExodus
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August 14, 2013, 08:59:44 AM |
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10k more coins to $120...
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ChartBuddy
Legendary
 Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 14, 2013, 09:02:24 AM |
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phatsphere
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August 14, 2013, 09:12:08 AM |
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bid sum / ask sum just shoot over $200 …
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dan99
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August 14, 2013, 09:29:29 AM |
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Yes, $200 would be great !!
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Tzupy
Legendary
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Activity: 2128
Merit: 1074
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August 14, 2013, 09:33:31 AM |
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Dudes, can't you recognize manipulation? The bid sum has pretty much peaked, while the ask sum
is artificially dropped, resulting in a price increase. When the high bids will be 'ripe', they will be 'harvested' IMO.
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StarenseN
Legendary
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Activity: 2478
Merit: 1362
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August 14, 2013, 09:38:38 AM |
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what did I miss? is this a news based rise?
Are you new here? The only 'news' that causes price to rise is whale buys. And haters |
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ardana123
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August 14, 2013, 09:52:42 AM |
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Wall Street money flowing to Bitcoin?
how the hell can it be flowing into bitcoin when Gox isn't even processing deposits (albeit at a snail pace) |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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August 14, 2013, 09:58:08 AM |
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Wall Street money flowing to Bitcoin?
how the hell can it be flowing into bitcoin when Gox isn't even processing deposits (albeit at a snail pace) Maybe Wall Street is not quite as dumb as we would like to think and have transferred their money into euros, onto Bitstamp (where coins are strangely very cheap  ) and not only vacuumed up the asks but built a rather chunky bid wall. For the first time in weeks the bids outnumber the asks on Stamp. |
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DaSheep
Member
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Activity: 112
Merit: 10
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August 14, 2013, 10:01:06 AM |
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Dudes, can't you recognize manipulation? The bid sum has pretty much peaked, while the ask sum
is artificially dropped, resulting in a price increase. When the high bids will be 'ripe', they will be 'harvested' IMO.
Dudette, if someone buys 5k coins with a single order, the ask sum will drop because those 5k coins are gone. This causes the bid/ask ratio to rise and dudes will move up their buy orders because of the huge whale buy + bid walls and an instant $1-2 price rise. This causes the bid sum to go up and the bid/ask ratio rises further. Because of the impending rally and the possibility of additional whale buys, people start pulling their ask orders because they don't want to sell their coins cheap. This causes the ask sum to drop and the bid/ask ratio rises further. The dropping ask sum increases the slippage of additional whale buys. *repeat* |
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ChartBuddy
Legendary
Online
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 14, 2013, 10:02:27 AM |
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ardana123
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August 14, 2013, 10:06:10 AM |
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Wall Street money flowing to Bitcoin?
how the hell can it be flowing into bitcoin when Gox isn't even processing deposits (albeit at a snail pace) Maybe Wall Street is not quite as dumb as we would like to think and have transferred their money into euros, onto Bitstamp (where coins are strangely very cheap ) and not only vacuumed up the asks but built a rather chunky bid wall. For the first time in weeks the bids outnumber the asks on Stamp. bitstamp only deals in USD... and the euro market on Gox is illiquid as hell. |
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