JayJuanGee
Legendary
 Online
Activity: 4200
Merit: 12851
Self-Custody is a right. Say no to "non-custodial"
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June 06, 2014, 05:52:47 PM |
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Whatever the direction this takes, it's going to be brutal
I personally don't think is will take a direction for a few days. Can easily see this consolidating until next week. Although we have been getting weekend pumps recently. One funny dynamic that i noticed is that frequently, when people begin to describe a pattern, then that pattern NO longer will take place. It is like someone is relying on people expecting a pattern, and then manipulate to change the pattern... Maybe that comment is too conspiratorial, but I have seen several proclamations of patterns... that do NOT always play out too well. Very likely. Bots and the methods they use have just about the biggest R and D budgets in software development and daytraders will be a prime target for them. Put a nice, clear pattern on the charts until a sizeable amount of money is following it and then turn it the wrong way, the daytraders have to get it right nearly every time but the whale only has to get it right once. Exactamente!!! |
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razibuzouzou
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June 06, 2014, 05:55:17 PM |
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Despite the upwards movement and general bullish sentiment, total bid sum on Stamp continues to stagnate around 11-12 million. http://coinorama.net/Interesting...  Too bad I don't have the numbers before february 2014  By the way, Walsoraj, have you seen Jaroslaw lately ? |
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ChartBuddy
Legendary
 Offline
Activity: 2660
Merit: 2364
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 06, 2014, 06:01:08 PM |
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 06, 2014, 06:02:07 PM |
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Fake wall is back...
Srs guy, if you had just left it at $670 people might have had some "fear" that it was real, but when you follow market price +5 but less than +10 to the nearest 5, ITS OBVIOUSLY FAKE.
Maybe he genuinely wants to sell, and keeps behaving like this to make others think its a fake wall. If he wanted to sell, why wouldn't he just keep the wall there and see if it gets eaten? Hard to unload 1300+ BTC in this manner, methinks. He may want it to look fake so that when it goes up others think its fake anyway and eat it. Keeping it steady might have meant price not going up. Just guessing, might be totally wrong  Is the wall still there? |
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Ivanhoe
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June 06, 2014, 06:03:25 PM |
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Bitcoinwisdom says there is a 1000 BTC ask wall at 660, bitcoinity doesn't see it however. Yes i refreshed bitcoinwisdom already..
edit: after 2 minutes bitcoinity finally picks it up.
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Carra23
Legendary
Offline
Activity: 980
Merit: 1000
Need a campaign manager? PM me
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June 06, 2014, 06:04:02 PM |
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Whatever the direction this takes, it's going to be brutal
I personally don't think is will take a direction for a few days. Can easily see this consolidating until next week. Although we have been getting weekend pumps recently. One funny dynamic that i noticed is that frequently, when people begin to describe a pattern, then that pattern NO longer will take place. It is like someone is relying on people expecting a pattern, and then manipulate to change the pattern... Maybe that comment is too conspiratorial, but I have seen several proclamations of patterns... that do NOT always play out too well. Very likely. Bots and the methods they use have just about the biggest R and D budgets in software development and daytraders will be a prime target for them. Put a nice, clear pattern on the charts until a sizeable amount of money is following it and then turn it the wrong way, the daytraders have to get it right nearly every time but the whale only has to get it right once. Sounds bad for us. After the last rally I started noticing that, I assumed it might be due to almost everybody using generic bots using the same settings. |
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SirChiko
Legendary
Offline
Activity: 966
Merit: 1000
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June 06, 2014, 06:15:13 PM |
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And here we go heading towards 650 again..
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keithers
Legendary
Offline
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
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June 06, 2014, 06:18:39 PM |
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Prices are just about equal on Huobi, Stamp, and Okcoin right now... That doesn't happen all that often
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ChrisML
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June 06, 2014, 06:22:12 PM |
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And here we go heading towards 650 again..
Patience, young grasshopper |
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Bitcoin_is_here_to_stay
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June 06, 2014, 06:23:10 PM |
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I glimpsed >1000btc sell wall on stamp, at around 660! Not visible on bitcoinwisdom now
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Peter R
Legendary
Offline
Activity: 1162
Merit: 1014
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June 06, 2014, 06:34:27 PM |
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Whatever the direction this takes, it's going to be brutal
I personally don't think is will take a direction for a few days. Can easily see this consolidating until next week. Although we have been getting weekend pumps recently. One funny dynamic that i noticed is that frequently, when people begin to describe a pattern, then that pattern NO longer will take place. It is like someone is relying on people expecting a pattern, and then manipulate to change the pattern... Maybe that comment is too conspiratorial, but I have seen several proclamations of patterns... that do NOT always play out too well. Very likely. Bots and the methods they use have just about the biggest R and D budgets in software development and daytraders will be a prime target for them. Put a nice, clear pattern on the charts until a sizeable amount of money is following it and then turn it the wrong way, the daytraders have to get it right nearly every time but the whale only has to get it right once. If a pattern exists, then it will be exploited in order to earn positive alpha (i.e., earn a profit in excess of what would be commensurate with the risk taken). As it is natural to seek alpha, more and more money begins to exploit the pattern until it no longer exists! In a perfectly-efficient market, alpha = 0 no matter how you allocate your capital. Bots that exploit patterns make the market more efficient. |
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Bitcoin_is_here_to_stay
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June 06, 2014, 06:37:50 PM |
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Bitcoinwisdom says there is a 1000 BTC ask wall at 660, bitcoinity doesn't see it however. Yes i refreshed bitcoinwisdom already..
edit: after 2 minutes bitcoinity finally picks it up.
Yeah, I saw it, too - on wisdom |
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deadley
Legendary
Offline
Activity: 2562
Merit: 1064
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June 06, 2014, 06:50:13 PM |
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I glimpsed >1000btc sell wall on stamp, at around 660! Not visible on bitcoinwisdom now
I really dont think this wall will be break today. |
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hyphymikey
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June 06, 2014, 06:50:56 PM |
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Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.
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Bitcoin_is_here_to_stay
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June 06, 2014, 06:56:41 PM |
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Does anyone have an updated chart with the overlays of the previous bubbles and the current line on it? I have no clue how to make one.
More important question is - why would every bubble look the same? |
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deadley
Legendary
Offline
Activity: 2562
Merit: 1064
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June 06, 2014, 06:57:12 PM |
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someone put 1k market order in stamp.
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Bitcoin_is_here_to_stay
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June 06, 2014, 06:57:23 PM |
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I glimpsed >1000btc sell wall on stamp, at around 660! Not visible on bitcoinwisdom now
I really dont think this wall will be break today. Me, too. Last couple days trading was anemic. |
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akujin
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June 06, 2014, 06:58:01 PM |
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BOOM! |
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FNG
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June 06, 2014, 06:59:45 PM |
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Sheeps get slaughtered
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