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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26836872 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 1 users with 9 merit deleted.)
seleme
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March 28, 2014, 01:37:04 AM

https://blockchain.info/charts/bitcoin-days-destroyed

 Wink
bitcoinvest
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13eJ4feC39JzbdY2K9W3ytQzWhunsxL83X


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March 28, 2014, 01:37:19 AM

omg just woke up and i see panic sell....
i'm very sorry for the people who sell so low price....
they will regret it within next couple of hours ....

a good day for the wall street bitcoin boys.
BubbaGumpShrimpinBoatCapn
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March 28, 2014, 01:37:22 AM

BTC back up over 18 bucks now since my last post in here an hour and half ago... imagine that lol,,,, I said we saw bottom then at 474 ish BTC isn't going to crash. I just don't see it. Screw China.  Wink

Dead.  Cat.  Stew.

Stew the dead cats China.  Stew China.
Dr. LY
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March 28, 2014, 01:38:29 AM

And time for a retrace. Hopefully a long one.
MinermanNC
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March 28, 2014, 01:38:47 AM

omg just woke up and i see panic sell....
i'm very sorry for the people who sell so low price....
they will regret it with some hours ....

a good day for the wall street bitcoin boys.
I agree
seleme
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March 28, 2014, 01:38:58 AM

Now, I'm usually bad in selling at these bounces, I might just keep what I bought for myself Cheesy
fonzie
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March 28, 2014, 01:39:01 AM

Holy Shizzle, thank you Bitfinex, closed longs@520$ openend new ones 2 seconds later @499$ Smiley


VOLATILITY   Kiss Kiss

Bitcoin Kiss Kiss Kiss

A few new bottles of luxury whiskey will be bought  Kiss Kiss

Good Night
chessnut
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March 28, 2014, 01:39:27 AM

SHORT SQUEEZE FTW lol.

LOve my max leveraged long position @ 475
billyjoeallen
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March 28, 2014, 01:41:37 AM

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Not likely, haven't spoted any large buys. If they did, they were $540 and $500 walls, otherwise they didn't get much coins.

True... but I think they are playing smart here. Buying more like 100 coin in a time and not going big, at least not yet.
I think the going theory is that if they're smart, they're not buying on an exchange.

True, but how many off-exchange coins are now in the hands of hodlers? There's no ask walls, so anyone wanting to buy has to build bid walls, which may buy me enough time to sell my motorcycle or rob a liquor store so I can post margin.

I'm on my third pack of cigarettes today. Hope my kids like community college.
fonzie
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March 28, 2014, 01:42:09 AM

SHORT SQUEEZE FTW lol.

LOve my max leveraged long position @ 475

@ Chessnut , congratulations, it seems to be an awesome trading day with lots of opportunities that many in here enjoy  Smiley
aminorex
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March 28, 2014, 01:43:50 AM

that is one seriously fast moving price
boumalo
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March 28, 2014, 01:44:52 AM

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Not likely, haven't spoted any large buys. If they did, they were $540 and $500 walls, otherwise they didn't get much coins.

True... but I think they are playing smart here. Buying more like 100 coin in a time and not going big, at least not yet.
I think the going theory is that if they're smart, they're not buying on an exchange.

True, but how many off-exchange coins are now in the hands of hodlers? There's no ask walls, so anyone wanting to buy has to build bid walls, which may buy me enough time to sell my motorcycle or rob a liquor store so I can post margin.

I'm on my third pack of cigarettes today. Hope my kids like community college.

Haha, don't panic

Now, I'm usually bad in selling at these bounces, I might just keep what I bought for myself Cheesy

You are thinking it will go higher and then it goes down again
adamstgBit
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March 28, 2014, 01:46:28 AM

feels like we have unleashed some kind of half bear half bull bitcoin beast!
spooderman
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March 28, 2014, 01:48:04 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"

edit: nvm Smiley https://bitcoin.stackexchange.com/questions/845/what-are-bitcoin-days-destroyed
gentlemand
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March 28, 2014, 01:49:43 AM

The older a coin is, and the longer it's stayed put at the same address, the higher the day destroyed number is when it moves.

If it was a recently created coin that was sold back and forth all over the place it wouldn't cause much of a blip in comparison.
uhoh
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March 28, 2014, 01:49:52 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"



Okay how are days destroyed?

"...you multiply the amount of each transaction by the number of days since those coins were last spent. So, 1 bitcoin that hasn't been spent in 100 days (1 bitcoin * 100 days) counts as much as 100 bitcoins that were just spent yesterday (100 bitcoins * 1 day). Because you can think of these "bitcoin days" as building up over time until a transaction actually occurs, the actual measure is called "bitcoin days destroyed". This is believed to give a better indication of how much real economic activity is occurring on the bitcoin network."

http://bitcoin.stackexchange.com/a/847
seleme
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March 28, 2014, 01:49:54 AM

I'm really angry that wall street is probably buying cheap coins right now (not much, but any is enough)... they should pay much higher price.

Not likely, haven't spoted any large buys. If they did, they were $540 and $500 walls, otherwise they didn't get much coins.

True... but I think they are playing smart here. Buying more like 100 coin in a time and not going big, at least not yet.
I think the going theory is that if they're smart, they're not buying on an exchange.

True, but how many off-exchange coins are now in the hands of hodlers? There's no ask walls, so anyone wanting to buy has to build bid walls, which may buy me enough time to sell my motorcycle or rob a liquor store so I can post margin.

I'm on my third pack of cigarettes today. Hope my kids like community college.

Haha, don't panic

Now, I'm usually bad in selling at these bounces, I might just keep what I bought for myself Cheesy

You are thinking it will go higher and then it goes down again

No, I usually buy very close to bottom then sell too early on the bounce. Since I find -500 coins as good price I might just keep them all this time.
fonzie
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March 28, 2014, 01:50:22 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"

An average Bitcoin day usually contains about 16 hours Bitcoinwisdom.com - Bitcoin paranoid app during sleeping. Alcohol, drugs and bad food.
I wouldn´t call those days destroyed but others might  Cheesy
adamstgBit
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March 28, 2014, 01:51:54 AM

I understand more than your average human about bitcoin, however:

What does it mean to "destroy a bitcoin day" please? What is a "bitcoin day?"

if you move coins that were really old sitting in cold storage for a long time this will make bitcoin days destroyed spike more then coins that move around daily.

its measuring the bitcoin transactions but adding weight to older coins
chessnut
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March 28, 2014, 01:52:24 AM

SHORT SQUEEZE FTW lol.

LOve my max leveraged long position @ 475


@ Chessnut , congratulations, it seems to be an awesome trading day with lots of opportunities that many in here enjoy  Smiley

How did buying in at 560 yesterday go for you Chessnut?


well I dont post my losers, I got out at a bounce to 555, after Huobi went nuts.

small loss.

Though I did buy at 562, and got out 577 before this fiasco.

ps. good job keeping tabs creekbore  Wink
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