ChartBuddy
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Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 22, 2014, 09:02:32 AM |
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kurious
Legendary
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Activity: 2590
Merit: 1643
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January 22, 2014, 09:07:49 AM |
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IMHO the only thing that's been propping up Gox is those 'Willy' buys.
I can't see it holding up now, it won't take much for a slow slide to turn nasty.
If 950 disappears on Gox we will see what support Gox prices really have....
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EuroTrash
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January 22, 2014, 09:21:43 AM |
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Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.
And it is because of many people thinking that way that it might not happen when you want it to. Exciting times... |
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chessnut
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Activity: 924
Merit: 1001
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January 22, 2014, 09:32:38 AM |
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Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.
I didnt know that.  i dont know how anyone could calculate the fair value. its all about risk appetite. maybe they are hungry. |
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EuroTrash
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January 22, 2014, 09:37:17 AM |
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And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly. I have a feeling about this. I believe that: 1. the get-rich-quick sheeple are silently dumping 2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage. 3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013. It is a nerve grinding game. Anything could happen in the immediate. |
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Dalmar
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January 22, 2014, 09:40:49 AM |
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I have a feeling about this.
I believe that:
1. the get-rich-quick sheeple are silently dumping
2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage.
3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013.
It is a nerve grinding game. Anything could happen in the immediate.
Hmm.. you're probably right. |
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finder_keeper
Jr. Member
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Activity: 58
Merit: 10
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January 22, 2014, 09:42:56 AM |
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And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly. I have a feeling about this. I believe that: 1. the get-rich-quick sheeple are silently dumping 2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage. 3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013. It is a nerve grinding game. Anything could happen in the immediate. You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price. |
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DaRude
Legendary
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Activity: 2778
Merit: 1791
In order to dump coins one must have coins
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January 22, 2014, 09:48:18 AM |
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And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly. I have a feeling about this. I believe that: 1. the get-rich-quick sheeple are silently dumping 2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage. 3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013. It is a nerve grinding game. Anything could happen in the immediate. You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price. You were concerned enough about slippage on a 2btc order to spread it over 2hrs. I know volumes are low but really?  |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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January 22, 2014, 09:50:51 AM |
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And it is because of many people thinking that way that it might not happen when you want it to. Exciting times...
Almost nobody seems to be buying, I mainly see silly bot purchases on most exchanges. You can even move the price by 10 usd on btc-e with only a handful of btc at the moment. Just plain silly. I have a feeling about this. I believe that: 1. the get-rich-quick sheeple are silently dumping 2. the bots are from coinbase/bitpay (because they have a lot of interest in keeping the price really stable) and from some fiat whales who are silently getting in without slippage. 3. new get-rich-quick sheeple + early dumpers who want back in - they are not buying and waiting on the sidelines instead because April 2013. It is a nerve grinding game. Anything could happen in the immediate. I really dont see evidence for dumping, I dont see evidence of manipulation, the price has been strong and TA validates a rally to come soon. To the people that think bots are manipulating the market, why cant they be countered by other bots? there are big players in both directions right? |
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dgarcia
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January 22, 2014, 09:51:51 AM |
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Dumping on Bearstamp continues...
Now ~15,00$ lower than BTC-E.
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finder_keeper
Jr. Member
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Activity: 58
Merit: 10
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January 22, 2014, 09:53:42 AM |
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You don't need whales or bots to explain the small trades. I did a bunch of them yesterday to buy ~2 btc over 2 hours, $20 at a time. It's a good way to accumulate at the spot price without eating up the very limited reserve of asks at the market price.
You were concerned enough about slippage on a 2btc order to spread it over 2hrs. I know volumes are low but really? Hey, why should the bots have all the fun? :-) It's also a form of DCA for me. |
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EuroTrash
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January 22, 2014, 09:55:10 AM |
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I really dont see evidence for dumping
Dumping on Bearstamp continues...
Now ~15,00$ lower than BTC-E.
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ChartBuddy
Legendary
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Activity: 2156
Merit: 1745
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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January 22, 2014, 10:02:29 AM |
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chessnut
Legendary
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Activity: 924
Merit: 1001
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January 22, 2014, 10:04:52 AM |
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I really dont see evidence for dumping
Dumping on Bearstamp continues...
Now ~15,00$ lower than BTC-E.
you cant call a natural proportioned reaction 'dumping'. the trend is up. there was no dumping a few hours ago how does it continue? |
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dgarcia
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January 22, 2014, 10:15:00 AM |
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you cant call a natural proportioned reaction 'dumping'. the trend is up. there was no dumping a few hours ago how does it continue?
You're a dreamer. Stamp is crawling around the floor. Willy stopped buying, so Gox-Boost is tuned off. The only reason that is impeding a hard dump is Huobi. They don't move, and they don't care a lot about Stamp and Gox. There is no visible trend anywhere, price is floating between Support and Resistance. |
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EuroTrash
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January 22, 2014, 10:23:23 AM |
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I really dont see evidence for dumping
Dumping on Bearstamp continues...
Now ~15,00$ lower than BTC-E.
you cant call a natural proportioned reaction 'dumping'. the trend is up. there was no dumping a few hours ago how does it continue?  Ok, ok, I stop trolling, promise  |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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January 22, 2014, 10:33:30 AM |
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willy always stops when price is rising too much. last time it stopped when gox was above $1000. comes back when things get quiet again. i think it's definitely a fund buying coins
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Chancellor
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January 22, 2014, 10:37:16 AM |
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i think it's definitely a fund buying coins
If I was a fund and wanted to buy coins, I would not choose an exchange where they are 15% more expensive... |
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EuroTrash
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January 22, 2014, 10:38:23 AM |
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willy always stops when price is rising too much. last time it stopped when gox was above $1000. comes back when things get quiet again. i think it's definitely a fund buying coins
why on Gox instead of Stamp  that is above my understanding. They could also have set lower granularity, eg 1btc with some random time in a range. That would have been much less visible. |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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January 22, 2014, 10:41:35 AM |
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i think gox is still the most trustworthy exchange in the eyes of many, mark is part of the bitcoin foundation etc.
also i don't think the gap was 15% when willy started buying, part of the reason for the gap getting bigger was willy.
but yeah, i don't know why they they don't buy e.g. 1btc more often, to try and make it less visible.
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