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JorgeStolfi
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August 10, 2014, 09:07:11 AM |
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OKCoin/International started 17 days ago, but is still struggling. Volume in the last 24 h was only 220 BTC (not kBTC). IIRC, that is 1/2 of their daily volume just after opening.
No idea how BitVC, the "international" branch of Huobi, is doing.
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JayJuanGee
Legendary
 Offline
Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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August 10, 2014, 09:08:34 AM |
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........>>>><<<.... With all the good news (Dell and Wikipedia accepting btc and Overstock extending btc acceptance internationally) and few bad news, there is no logical reason for the price to go south. The only cause I can think of is someone with substantial btc reserve is trying to push it down, possibly to buy it cheaply.
There are 2 ways to buy btc - in the market and OTC. The market price is known while OTC is not but OTC is usually tagged to the market price. If I want to buy cheap btc, I will cap the market price to buy huge amount through OTC. Who can do that? Institutions with huge pocket. Take note that this scenario can only last for the short term as the long term is ultimately determined by the overall demand and supply.
What does it mean for individual investors? Hodl!
I think that it means both HODL and continue to BUY!!! |
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scarsbergholden
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August 10, 2014, 09:14:10 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. |
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Davyd05
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August 10, 2014, 09:19:01 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. regardless on the 1minute it looks like more coins are bought over all which is why I say this is accumulation station time lol |
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JayJuanGee
Legendary
Offline
Activity: 3710
Merit: 10241
Self-Custody is a right. Say no to"Non-custodial"
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August 10, 2014, 09:20:38 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. Any "real" 1,000 to 10,000 purchase in BTC over a 1 hour period is going to have a greater movement in the price. |
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scarsbergholden
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August 10, 2014, 09:22:17 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
I think it is clear that someone made a deal to buy 10000 bitcoin via huobi. Pretty convenient timing then... asks kept being placed directly before 100-400 BTC buys..... and price moved like $6 on the whole move. We'll see where it goes from here, but seemed like a lot of volume and momentum and not much movement at all. regardless on the 1minute it looks like more coins are bought over all which is why I say this is accumulation station time lol That's what I thought when that guy at 3600 kept refilling bids there. Like, moon time, whales are accumulating. But then, that pump a couple days ago, quick 100% retracement! That is not bullish. Ask wall after ask wall being placed, as if all the accumulation from 3600ish was being dumped 50 CNY higher.... |
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JorgeStolfi
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August 10, 2014, 09:27:52 AM |
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Ask wall after ask wall being placed, as if all the accumulation from 3600ish was being dumped 50 CNY higher....
Isn't that what day traders are supposed to do? |
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scarsbergholden
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August 10, 2014, 09:35:08 AM |
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Ask wall after ask wall being placed, as if all the accumulation from 3600ish was being dumped 50 CNY higher....
Isn't that what day traders are supposed to do? Sure, but I wouldn't expect day traders to be flipping thousands of coins over such a small spread, given the incredible lack of volume we have seen in recent weeks. Seems risky for such short term gains. |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2014, 09:59:50 AM |
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thefunkybits
Legendary
Offline
Activity: 1218
Merit: 1000
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August 10, 2014, 10:22:44 AM |
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Round 2?
Bitstamp finally seeing some action...
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ShroomsKit
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August 10, 2014, 10:22:59 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
We will go down soon again. Just like the previous 30 times. It's sad that this whale buying doesn't even excite me anymore. In a few hours from now you wouldn't even know it happened. |
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FattyMcButterpants
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August 10, 2014, 10:29:53 AM |
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Not gonna lie. Looked pretty clear that someone was just buying their own asks on Huobi. I'd love to see some up here, but with this kind of pump action and nobody following, it doesn't look all that good....
We will go down soon again. Just like the previous 30 times. It's sad that this whale buying doesn't even excite me anymore. In a few hours from now you wouldn't even know it happened. except that all the people who weren't watching at the time will see the big green volume bars and think, whales are buying! but i agree, bitcoin is a yawn these days. |
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ShroomsKit
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August 10, 2014, 10:35:14 AM |
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And it's over already. Now everyone will sell to get their 50 bucks profit and we'll be back where we started.
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HigsonPP
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August 10, 2014, 10:41:53 AM |
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And it's over already. Now everyone will sell to get their 50 bucks profit and we'll be back where we started.
don't forget the people that panic bought and immediately panic sold for a 50 dollar loss. there's plenty of those here too.  |
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ShroomsKit
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August 10, 2014, 10:46:40 AM |
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And it's over already. Now everyone will sell to get their 50 bucks profit and we'll be back where we started.
don't forget the people that panic bought and immediately panic sold for a 50 dollar loss. there's plenty of those here too. Oh believe me. I'm pretty sure only a very small % of the traders actually make profit. Making this constant dumping even more stupid. |
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HigsonPP
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August 10, 2014, 10:52:57 AM |
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the bulls expect a bubble, the bears expect a flash crash, and instead we get $5-10 whipsaws where the day traders are pulling their hair out. my thoughts, anyway.  |
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rohnearner
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August 10, 2014, 10:55:18 AM |
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I'm hoping for some exciting times ahead in next few weeks , but as this point of time it all feels like  |
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ChartBuddy
Legendary
Offline
Activity: 2170
Merit: 1776
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 10, 2014, 10:59:49 AM |
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medialab101
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August 10, 2014, 11:07:49 AM |
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Big market buy on Stamps
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mmitech
Legendary
Offline
Activity: 1148
Merit: 1001
things you own end up owning you
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August 10, 2014, 11:18:28 AM |
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interesting buys are happening, and bids are following to support the price.
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