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BTCfan1
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June 30, 2014, 01:36:13 AM |
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The 600 wall on stamp looks like it will get eaten right around the time we are supposed to know the winners of the auction...coincidence?
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No Gods or Kings. Only Bitcoin
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Krabby
Sr. Member
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Activity: 644
Merit: 250
https://primedao.eth.link/#/
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June 30, 2014, 01:37:42 AM |
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The 600 wall on stamp looks like it will get eaten right around the time we are supposed to know the winners of the auction...coincidence?
yes |
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Bitcoin_is_here_to_stay
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June 30, 2014, 01:50:40 AM |
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I don't know if it could be this, but it would be pretty devious and would generally be a good omen for us. Perhaps, the person putting up the sell wall knows the auction price. Now, you may be thinking, well that means he is selling because the price is down. Perhaps. BUT, maybe he is actually trying to buy in front of the sell wall faster than he is trying to get purchased up. He might know that less steady hands will panic with the price stuck in place and so they'll undercut that price just slightly. Well, that gives a fine supply right in front of the wall of coins to purchase. This might also explain why the wall is able to "replenish itself." It is the same coins that were bought up at 598 that are now being sold at right around 599.9.
It's a thought. If that's what they are doing... pretty f---ing smart.
Do we have some kind of contest for weirdest conspiration theories about the btc price around auction with entries being posted in the Wall Observer thread? |
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ShameOnYou
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June 30, 2014, 01:52:00 AM |
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This a fakeout then? Looking kind of like a weak double top on Huobi. It's actually a slightly higher high with bear divergence on RSI.... not convinced where going up here. Maybe regroup in the $580s....  |
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ShroomsKit
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June 30, 2014, 01:52:39 AM |
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It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.
You seriously think a "government" is busy putting up walls of 500 bitcoins? Not really, right? Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed. And the best way to do this is by putting up 500 Bitcoin walls at 600. This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that. Sorry for all the questions but i just can't believe you're not joking. |
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ShameOnYou
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June 30, 2014, 01:54:28 AM |
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If we do reverse back down soon, that wall at $600 will turn out to have been very well placed. It's been there for like a day now and is almost a third eaten.
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hyphymikey
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June 30, 2014, 01:55:28 AM |
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Move out the way Wall-tard!
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mooncake
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June 30, 2014, 01:55:59 AM |
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Instead of a number, can the auction bid price submitted to USMS be: Last price at Stamp on 30 June 2014 00:00 GMT?
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kireinaha
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June 30, 2014, 01:58:29 AM |
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It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.
You seriously think a "government" is busy putting up walls of 500 bitcoins? Not really, right? Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed. And the best way to do this is by putting up 500 Bitcoin walls at 600. This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that. Sorry for all the questions but i just can't believe you're not joking. We already know that they tried banning it, and then banning it again, and then banning it another five times when the first two attempts didn't work (China) so I don't see why governments wouldn't also pursue more straight forward strategies to suppress it with large ask walls on the major exchanges. edit: Lest we be naive, government spokesmen on an individual basis may get before the cameras and tell us that they support bitcoin, because they don't want to look unhip or behind the technology curve to their constituents, but on a collective basis, world governments absolutely do not want bitcoin to succeed. |
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ChartBuddy
Legendary
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Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 30, 2014, 02:00:39 AM |
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kodtycoon
Legendary
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Activity: 1568
Merit: 1002
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June 30, 2014, 02:01:56 AM |
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id love to meet who ever has that wall up coz id smack em up side the head with a cricket bat!  |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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June 30, 2014, 02:04:09 AM |
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This a fakeout then? Looking kind of like a weak double top on Huobi. It's actually a slightly higher high with bear divergence on RSI.... not convinced where going up here. Maybe regroup in the $580s.... Lol. You are going to be left behind. We will be at 650 this week. Keep telling yourself you can buy back you 1.3 BTC for a lower price.  |
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seleme
Legendary
Offline
Activity: 2772
Merit: 1028
Duelbits.com
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June 30, 2014, 02:06:30 AM |
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Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.
Shroomskit, is that you? |
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ShroomsKit
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June 30, 2014, 02:11:07 AM |
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It's becoming very obvious that somebody -- or more likely -- some government is trying their best to manipulate the price of bitcoin down. I would guess the most likely candidates are Russia, China, or .. the good ol' USA (perhaps a US - Israeli mutual effort). There aren't too many people out there who can afford to put up and replenish such ask walls, and who would want to manipulate the price down.
You seriously think a "government" is busy putting up walls of 500 bitcoins? Not really, right? Yes, I think it's very possible. I can assure you that there are many high level, closed door meetings occurring around the world about the rise of cryptocurrencies and the best strategies to subversively suppress growth. It is not in their interest to let this succeed. And the best way to do this is by putting up 500 Bitcoin walls at 600. This really sounds plausible to you? This is something a government would do to stop Bitcoin? You really, truly believe that. Sorry for all the questions but i just can't believe you're not joking. We already know that they tried banning it, and then banning it again, and then banning it another five times when the first two attempts didn't work (China) so I don't see why governments wouldn't also pursue more straight forward strategies to suppress it with large ask walls on the major exchanges. edit: Lest we be naive, government spokesmen on an individual basis may get before the cameras and tell us that they support bitcoin, because they don't want to look unhip or behind the technology curve to their constituents, but on a collective basis, world governments absolutely do not want bitcoin to succeed. And the best way the goverment (whatever that might be) can get rid of Bitcoin is to buy a few coins and put up small sell walls. Ok, it's clear you are serious and i kinda feel sorry for you. I can only imagine the other things you come up with in your life and believe in. Oh and the governments don't want to look unhip so in front of the cameras they accept Bitcoin. My god... |
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ShroomsKit
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June 30, 2014, 02:11:56 AM |
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Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.
Shroomskit, is that you? Nah, just a troll. |
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N12
Donator
Legendary
Offline
Activity: 1610
Merit: 1010
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June 30, 2014, 02:14:34 AM |
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Of course everytime we go above 600, manipulators put up walls and the sheep panic sell. Fucking idiot traders.
Shroomskit, is that you? Nah, just a troll.  |
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ShroomsKit
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June 30, 2014, 02:21:40 AM |
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"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"
42 bidders. So it looks like the bids were extremely low. Am i saying this right?
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windjc
Legendary
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Activity: 2156
Merit: 1070
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June 30, 2014, 02:22:31 AM |
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The Daily MACD on Stamp is headed towards green. The weekly is already there. We have been consolidating just below 600 awaiting the results of the auction. Any bid price close to 590-600 or above will send this market to $650 at least.  Lift off impending. |
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windjc
Legendary
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Activity: 2156
Merit: 1070
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June 30, 2014, 02:28:33 AM |
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"Silbert also noted that the total value of the bids was 48,013 BTC or roughly $28.4m. At press time, the market value of the 30,000 BTC was roughly 17.7m"
42 bidders. So it looks like the bids were extremely low. Am i saying this right?
Not sure how people keep getting this wrong, but all Silbert has told us is that 42 parties put in over 130 total bids worth 48k BTC. Nothing else is known with the math and figures Silbert gave. |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1010
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June 30, 2014, 02:35:04 AM |
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A big move is certainly coming up sometime soon-ish given the coiling we are experiencing.  |
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