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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26485102 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
Walsoraj
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March 04, 2014, 02:58:26 AM

Adam, what is the story behind your penguin avatar? Are you a linux user? If so, which distro?

no story just thought it looked cool... i paid someone some BTC to make it in Photoshop.

Flaunting the penguin but not a user? Blasphemy.

About 80% of the time I'm using Linux Mint. I hope this eases some tension...

^ What a noob. I respect none but those who compile their own binaries. Take your first baby steps with Gentoo.
kkaspar
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March 04, 2014, 03:01:45 AM

I wouldn't stop there.. maybe the world realized that bitcoin is divine and the code was sent down directly by god. Now there will be a 120 year long age of peace and enlightenment, while the entire world is mining for the same amount of coins, that a small group of people mined in 5 years.

Satoshi (holding up flaming white scroll before a kneeling crowd): And so it was written, thus shall it be.
Mindless followers (in a monotone chant): All hail Bitcoin.





P.S. let's not tell others that religion is actually the work of the devil. Let's pretend and keep the price from dropping. I wish I had a powerful hologram, so I could project Satoshi in the sky, so it will be final proof that Satoshi and god are the holy duality. There is also an option to present Satoshi as an alien, I bet the alien story would sell well among the followers.
kkaspar
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March 04, 2014, 03:02:53 AM

Adam, what is the story behind your penguin avatar? Are you a linux user? If so, which distro?

no story just thought it looked cool... i paid someone some BTC to make it in Photoshop.

Flaunting the penguin but not a user? Blasphemy.

About 80% of the time I'm using Linux Mint. I hope this eases some tension...

^ What a noob. I respect none but those who compile their own binaries. Take your first baby steps with Gentoo.

No! Sad
KeyserSoze
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March 04, 2014, 03:11:59 AM

So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?
All of a sudden, like that? 
A new perfume perhaps?

Bitcoin pheromones.
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March 04, 2014, 03:17:56 AM

So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?
All of a sudden, like that? 
A new perfume perhaps?

Bitcoin pheromones.

No, it was a miracle! Miracles like this only happen with divine intervention. Science, reason and common sense have no place with bitcoin. So, don't try to poison the purity of our faith with your so called "pheromones".
aminorex
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March 04, 2014, 03:19:27 AM

Bitcoin pheromones.

Remarkably apt comment.  Like ants laying down trails with pheremones, traders making trades leave signals for their fellow travelers to bid/ask likewise, leading to momentum.  AntMiners play on this.  The ant is a metaphor, very au currant -- at least a couple of years ago -- for the Chinese proletarian.  They can't signal through open channels, but by their deeds they lay down a trail, and by their numbers they secure it.
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March 04, 2014, 03:19:53 AM

Which retarded bear here is Nikolay Kolev? That fucker is on every Bitcoin blog on the internet talking down Bitcoin. It must be a group of people. No singular retard could cover that much ground and have that many horrible conversations by himself.

https://twitter.com/nikolay

Look at the long list of titles he gave himself, this guy needs some serious help.
I think it is a good point he brings up though... is Bitcoin's ability to transact to the third world significantly better than a service such as Xoom? Maybe not a discussion for this thread though.
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March 04, 2014, 03:27:45 AM

That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...

Hidden orders are a thing.

No they arent.

Sure are. Easy to do with Bitfinex.

https://bitcointalk.org/index.php?topic=257358.0
Some random place that no one uses, sure thing boss.

Go record it happening. I've watched these charts way more than anyone should ever do, and not once did I see an order fail to match the best bid/ask.
Tyson95
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March 04, 2014, 03:35:38 AM

Bitcoin mentioned in Almost Human again tonight, expect moon X2
SkRRJyTC
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March 04, 2014, 03:36:17 AM

That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...

Hidden orders are a thing.

No they arent.

Sure are. Easy to do with Bitfinex.

https://bitcointalk.org/index.php?topic=257358.0
Some random place that no one uses, sure thing boss.

Go record it happening. I've watched these charts way more than anyone should ever do, and not once did I see an order fail to match the best bid/ask.

No one bought 50k coins on BFX yesterday...

http://bitcoinwisdom.com/markets/bitfinex/btcusd
derpinheimer
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March 04, 2014, 03:38:51 AM

That was weird, there was just an over 40 btc buy order at $702.13, which should have cleared off the sell wall, but the sell wall was unaffected, and the order was filled...

Hidden orders are a thing.

No they arent.

Sure are. Easy to do with Bitfinex.

https://bitcointalk.org/index.php?topic=257358.0
Some random place that no one uses, sure thing boss.

Go record it happening. I've watched these charts way more than anyone should ever do, and not once did I see an order fail to match the best bid/ask.

No one bought 50k coins on BFX yesterday...

http://bitcoinwisdom.com/markets/bitfinex/btcusd
The link he gives would lead me to this: https://www.trucoin.com/

And regardless, there is no use for a dark 40 coin ask. So, again, prove it or its BS.

A real dark ask would be hundreds at the minimum.
Davyd05
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March 04, 2014, 04:10:46 AM

So, is there a consensus about what caused todays sudden price increase

The world is in love with Bitcoin and most realize it is a great value?

I wouldn't stop there.. maybe the world realized that bitcoin is divine and the code was sent down directly by god. Now there will be a 120 year long age of peace and enlightenment, while the entire world is mining for the same amount of coins, that a small group of people mined in 5 years.

Ok, we get it ... you missed out on the early coins and you're jealous.

Would you like some cheese to go with those sour grapes?

Jorge why not ask why Russia's Stock market dropped 10-11% and their currency is trading at all time lows, and a general upward trend to commodities, oil, gold and bitcoin Cheesy
mccorvic
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March 04, 2014, 04:16:06 AM

Nothing unusual at all, it was simply oversold.

It's really amusing to me that people cannot seem to grasp this simple concept Cheesy
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March 04, 2014, 04:16:40 AM

Its going down.
mccorvic
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March 04, 2014, 04:18:33 AM

Its going down.

to the paradise city?
derpinheimer
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March 04, 2014, 04:27:16 AM

Its going down.

You made me open the charts only to see that 400 coins were sold and $675 hasnt even fallen
JayJuanGee
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March 04, 2014, 04:33:48 AM

Bitcoin mentioned in Almost Human again tonight, expect moon X2


define moon....... how much and when, approximately?
JayJuanGee
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March 04, 2014, 04:41:25 AM

So, is there a consensus about what caused todays sudden price increase
The world is in love with Bitcoin and most realize it is a great value?
All of a sudden, like that?  

A new perfume perhaps?

No. We simply bounced off the bottom of the exponential growth adoption trend that underlies the price rises to date.

Nothing unusual at all, it was simply oversold.

Edit: and you should have loaded up after I called the Gox bottom last week at 400.


A problem is that NO ONE really knows the bottom.. and it is so scary when the downward momentum is happening b/c it tends to happen so quickly, and NO one really seems to know when or if the price is going back up... except for the whale-bot manipulators... and maybe they are even unsure at that point.. when the price is seemingly in freefall stages.    NONETHELESS, I agree that if we are in fiat and waiting to get back in we do the best we can to set our buy price and amount before that moment happens.

ShroomsKit
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March 04, 2014, 04:42:16 AM

Its going down.

Yes. There is still way too much fear it seems. If there is no buying pressure for a few hours people will start dumping. There really seems to be this thing lately where people sell just in case there might be selling.
JorgeStolfi
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March 04, 2014, 04:43:27 AM

So, is there a consensus about what caused todays sudden price increase

[ ... ] Russia's Stock market dropped 10-11% and their currency is trading at all time lows, and a general upward trend to commodities, oil, gold and bitcoin Cheesy

At least it is a possibility... Some rich Ukranian or Russian buying bitcoin at any price?

But the placement of the orders at Bitstamp seemed to be engineered to drive the price up, wasn't that the general conclusion?
 
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