spooderman
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Activity: 1694
Merit: 1047
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April 01, 2014, 06:42:41 AM |
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bit of chooing suddenly
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chessnut
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Activity: 924
Merit: 1001
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April 01, 2014, 06:44:09 AM |
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...here we are, rallying, 466 and climbing.
this is consolidation, not a rally... you should take off those bull-colored glasses  ... not long before Huobi passes 2900. thats where it was at before the devastating news came out. would you not agree if it passes that point, the significance of the move is nullified and we are in fact rallying? EDIT; WOW 2k buy on BFX |
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Davyd05
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April 01, 2014, 06:44:40 AM |
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bit of chooing suddenly
a day to absorb the news. my guess is we punch close to 500 if panic buying occurs...perhaps all the Fiat has finally be credited over at stamp |
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TERA
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April 01, 2014, 06:45:28 AM |
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...here we are, rallying, 466 and climbing.
this is consolidation, not a rally... you should take off those bull-colored glasses ... not long before Huobi passes 2900. thats where it was at before the devastating news came out. would you not agree if it passes that point, the significance of the move is nullified and we are in fact rallying? EDIT; WOW 2k buy on BFX I thought it was 3600... |
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YogoH
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April 01, 2014, 06:47:19 AM |
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Buys like this mean someone knows something...
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TERA
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April 01, 2014, 06:48:45 AM |
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Buys like this mean someone knows something...
1000 coin buys are nothing. We used to see 5000-10,000 coin buys all the time and it took 40,000 coin buys to reverse a trend. |
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spooderman
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Activity: 1694
Merit: 1047
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April 01, 2014, 06:49:32 AM |
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Buys like this mean someone knows something...
yes it means they know that they want some btc |
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chessnut
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Activity: 924
Merit: 1001
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April 01, 2014, 06:49:47 AM |
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I thought it was 3600...
Im talking about yesterdays flash crash, the great confirmation that chinese are willing to enforce the third party law. we rallied pretty smartly up to 2900, before surprise news came. the rally was so effortless, it could have punched through 500 if not for the news. If thats not good enough, well the market's been prepared for months now. |
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Davyd05
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April 01, 2014, 06:50:31 AM |
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Buys like this mean someone knows something...
ummm maybe if I see 3-5 3k+ re buys I'll assume the shorting has been slowed now. beaker is going bonkers on my bitcoinity lol |
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spooderman
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Activity: 1694
Merit: 1047
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April 01, 2014, 06:52:25 AM |
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spooderman
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Activity: 1694
Merit: 1047
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April 01, 2014, 06:53:30 AM |
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who is leading this, china?
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Davyd05
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April 01, 2014, 06:54:51 AM |
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who is leading this, china?
their action started back when I mentioned them getting above 2800, price wise btc-e was really bullish and this seems to have bled into all markets atm  Bitcoinity has Gonzo as the background.
IIRC it's Beaker. I think you are right. It's been a long time since I saw the Muppets.. +2 beaker 2800 on huobi, the first pump begins soon? debating.. it should imo but there is still a bit of uncertainty out there. Plus all the shorts that would have to close eventually |
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spooderman
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Activity: 1694
Merit: 1047
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April 01, 2014, 06:56:20 AM |
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we're about to leave the 400s for good I'd say.
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chessnut
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Activity: 924
Merit: 1001
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April 01, 2014, 06:56:47 AM |
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who is leading this, china?
Risto he said he was getting his spare pocket money out.... |
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TERA
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April 01, 2014, 06:59:58 AM |
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Huobi and bitfinex and leading. There is a short squeeze in bitfinex from everyone who was shorting when 465 was broken expecting a huge drop. There is more volume on bitfinex in that spike than on bitstamp, which means all of it could be coming from bitfinex.
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BTCfan1
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April 01, 2014, 07:00:24 AM |
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pretty exciting watching the price go up like this...
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spooderman
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April 01, 2014, 07:00:47 AM |
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thnx. looks like the fun is over now  |
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bangersdad
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April 01, 2014, 07:01:19 AM |
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<12h left to sell above 400$
Have you had your margin call yet? |
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JayJuanGee
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Activity: 4144
Merit: 12547
Self-Custody is a right. Say no to "non-custodial"
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April 01, 2014, 07:01:27 AM |
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Nice little wall at 350-450 has formed. This might give us another 1-4 weeks before 400 is broken, and maybe even a bulltrap to 550 or so where the next shorting opportunity will be.
I think that those orders are from new market meat. Like a friend of mine who called me a fool at 100, and yet he is now patiently waiting for his chance to become my greater fool. Their logic is quite simple: "it looks like it's going to go up but it is crashing now. 1000 is too much, 300 is right, let me put a bid at 350-450." I think there are many of them this time. This month we'll see them fighting with the butthurt fools who want out of bitcoin. Yeah... I see those kind of people saying $1000 is too much and then they want lower... then it goes lower and then they want lower.. and then it goes lower and they say, "shit, I cannot buy when prices are this low, b/c it may go down lower" They say, let me think about it... then they buy when it is going up and then they sell when it goes back down.. and blame you for getting them into it. One of the biggest mistakes made by new traders is not incorporating TIME into their calculations. I know that I was being a little stereotypical with my description of a certain kind of investor..... that is the kind of investor that keeps saying wait.. wait, wait.. and then when finally gets in.. jumps out too quickly based on emotions, rather than having some perspective or vision... However, the other difficulty that comes about may be that BTC or whatever investment receives a lot of publicity when prices are on a bull run streak.. and therefor other kinds of more thoughtful people find out and buy in as the market prices are going up or approaching top of that bull run streak... Then these second kind of newbies may need to wait for a considerable amount of time - and sometimes years for the price to return to their initial buy-in level.... which sometimes in the interim, there is some kind of failure of the investment and price never returns to that previous high. I describe this second newbie situation b/c it applies to my personal circumstances, and your recent bearish assessments do bother me to some extent even though it seems as if you have fairly decent insight for reaching your conclusions... I do appreciate and recognize your concerns about volume and concerns about why we are NOT seeing volume play out. Surely, recent volume is just lacking and that is a fact that we cannot escape in the very near short term - unless volume comes about as a surprise element.. which may be more wishful thinking, rather than real and measurable. Yet, BTC seems to be built around a kind of quasi-reality... of a few whales who are continuously able to influence BTC price quickly and surprisingly. For example, some of these institutional investors in the pipeline - second market and such, seem to be very good potential sources for an onrush of BTC volume.. All of this may be pie in the sky, but seems like it could happen at sometime in the near future.. especially since BTC has been on a downtrend for four months (which is part of a 4 year pattern, with BTC). In this regard, even though we cannot really see on the surface from where the volume is going to come, the wider publicity of bitcoin over the last 6 months seems to cause very decent likelihood that some savior whale(s) are going to come to our rescue.. and thereafter cause a stampede of additional passengers on this train/rocket to da moon. |
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Davyd05
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April 01, 2014, 07:03:20 AM |
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pretty exciting watching the price go up like this...
oct-dec 13' I saw an ATH every week... my mind was blown |
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