ChartBuddy
Legendary
 Online
Activity: 2674
Merit: 2372
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 27, 2014, 11:00:35 AM |
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dreamspark
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May 27, 2014, 11:00:44 AM |
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Isn't it fishy that the moment the market approaches 600... BitFinex conveniently experience a database failure, causing panic and margin traders to close their position?
The house always wins.
Sorry i ahve to agree ..there was 2 shakings of the tree and finally after it had been thinned out the big dump Clear out all margined longs ...does not go below 550 so as to not scare everbody too much & now back to the same ~570 and climbing bitfinex 500plus is an etf that trade btc ltc I gotta say Specialists aka Market makers aka insider traders aka dodgy exchanges Definately feels like a rigged carny game to me P.S I am old school & own coins so as not get caught in these lovely traps  The theory is all well and good until you actually look at some data and realise that if anything more longs were opened rather than clear out all the margin longs.  |
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dnaleor
Legendary
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Activity: 1470
Merit: 1000
Want privacy? Use Monero!
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May 27, 2014, 11:01:01 AM |
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uptrend still intact. If I needed to place a bet: 650 USD within 36 hours.
Thats optimistic... But so is the market. Lets hope so! yeah, we will see  It often happens when people are saying "the rally is too fast" it is still early days. I think a correction will occur, but probably when we try to break 710 USD (the previous significant lower high) |
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UnDerDoG81
Legendary
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Activity: 2191
Merit: 1233
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May 27, 2014, 11:01:51 AM |
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Looks like hodling and not panicking pays out. $100 more and I am at +- 0  |
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macsga
Legendary
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Activity: 1484
Merit: 1002
Strange, yet attractive.
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May 27, 2014, 11:02:48 AM |
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YipYip
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May 27, 2014, 11:06:03 AM |
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Isn't it fishy that the moment the market approaches 600... BitFinex conveniently experience a database failure, causing panic and margin traders to close their position?
The house always wins.
Sorry i ahve to agree ..there was 2 shakings of the tree and finally after it had been thinned out the big dump Clear out all margined longs ...does not go below 550 so as to not scare everbody too much & now back to the same ~570 and climbing bitfinex 500plus is an etf that trade btc ltc I gotta say Specialists aka Market makers aka insider traders aka dodgy exchanges Definately feels like a rigged carny game to me P.S I am old school & own coins so as not get caught in these lovely traps The theory is all well and good until you actually look at some data and realise that if anything more longs were opened rather than clear out all the margin longs. where are you getting this data  And sure ... watchers would go long on a 550 retraction ...i would the point being they just removed all OLD levergaed longs and also added some fresh meat to teh game ..lolz WIN WIN  |
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akujin
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May 27, 2014, 11:07:24 AM |
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Uh oh! huobi dragging stamp  |
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YipYip
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May 27, 2014, 11:27:18 AM |
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Awesome we really need a tick chart for all themajor exchanges with a shorts to long ratio indicator as well really start to open up this carny game that is crypto @ the moment |
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RandomPedestrianN9
Member
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Activity: 84
Merit: 10
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May 27, 2014, 11:33:42 AM |
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Pump and dump.
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jonsi
Legendary
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Activity: 1397
Merit: 1020
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May 27, 2014, 11:34:56 AM |
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Uh oh! huobi dragging stamp Huobi is alwais dragging stamp! |
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ChartBuddy
Legendary
Online
Activity: 2674
Merit: 2372
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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May 27, 2014, 12:00:39 PM |
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barbs
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May 27, 2014, 12:12:35 PM |
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jonsi
Legendary
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Activity: 1397
Merit: 1020
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May 27, 2014, 12:19:53 PM |
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They usually go hand in hand untill you fall for both. |
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ShroomsKit
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May 27, 2014, 12:20:23 PM |
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Looks like we're simply going back up as there was no real reason for this drop. As always a few whales made money, the sheep who panicked and followed lost money and the smart holders (like me) are doing just fine. Just traders being traders. Now let's break 600. Everybody wants to cross it. |
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bitgeek
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May 27, 2014, 12:21:00 PM |
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Looks like hodling and not panicking pays out. $100 more and I am at +- 0 Yeah that's what I'm telling everyone, don't gamble just hold. Stop watching charts all day and live, the profits will come sooner or later |
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El Cabron
Gnomo
VIP
Hero Member
Offline
Activity: 840
Merit: 1000
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May 27, 2014, 12:27:19 PM |
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just hold.
HOOOOOOOOOOOODL!!!!!!!!!!!!!!!!111! |
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ShroomsKit
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May 27, 2014, 12:28:01 PM |
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I'm going in Tera mode for now. Too much resistance. Bid wall removed. Dump incoming. Back to 550  |
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akujin
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May 27, 2014, 12:31:00 PM |
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btce pushing hard |
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Moria843
Sr. Member
Offline
Activity: 442
Merit: 250
Found Lost beach - quiet now
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May 27, 2014, 12:35:09 PM |
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I think this is only the beginning of the uptrend.
Most of us know nobody can predict the future, but after watching the 2014 MIT Bitcoin Conference videos on YouTube I still see a lot of smart and successful people saying they believe and are building companies to support bitcoin and are personally investing. Richard Branson investing $30 M recently in BitPay adds to that. I personally have purchased about 20 BTC lately at prices between 4 and 5 hundred as an investment and mine about 3 BTC a month. But it's a small part of my overall investments.
To add a little humility, I also rewatched the guy in 2013 pushing Mt. Gox as the greatest thing that ever happened, recommending everyone open an account, and predicting 1 BTC would be worth $20,000 in 2014.
The more I learn about bitcoin, the more I'm impressed by its potential. Some is based on logic; some is faith.
I believe back over $1k/BTC by end of year.
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