InstantBitcoin
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Activity: 84
Merit: 10
+░░+Legendary Bitcoiner+░░
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August 16, 2014, 04:47:49 AM |
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So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?
Am I missing something? I don't see any dumping. Bro, there is dumping and definitely a very alive sell bot in China. We actually have more downside volume today at this point in the evening than we had yesterday... it is more comparable to Wednesday evening. So, yea, things could get out of hand really quickly. That said, they haven't gotten out of hand just yet and the order books seem stacked. Let's see what happens. they squeezed the coins, now they are collecting the panic sellers coins. such moves ^the actual money that backs the bitcoins is a honeypot...lol  |
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bassclef
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August 16, 2014, 04:48:31 AM |
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go hunting levered longs and then crash the market? O_o could it be? they're that crazy? how can anyone sleep in times like these  They're crazy but not stupid... I hope. |
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Newbie1022
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August 16, 2014, 04:49:24 AM |
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Im seriously thinking about cashing out and then rebuying with the bleeding stops. I truly believe it will go at least 50 dollars lower than it is now, but most of the time I have done that in the past, i got burned, glad i only sold a tiny bit and not the whole ball of wax... My wife told me to just leave them in cold storage, its not like I have a ton, but what i have now could put a nice down payment on a house or buy a very nice luxury car... Ive already lost 20k or so on paper the last couple days, I just dont have the blood pressure to take this..
But, like Ive said before, Im in it for the long haul and need to remember that im betting on the future years down the road, not weeks or months.. Ill probably just hold, and ill come back here crying saying I should have sold... If I sold and it it dive, I would for sure buy back in.... but fuck it.. Ill just hodl....
If you think we have 50 to go then you can take out a quarter of your holding, peg it at a price around there and sit on the rest as a sort of makeshift hedge. That said, look at the order book... barring something truly spectacular, we'll run out of downward momentum soon... probably about 20 or 30 lower. |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 16, 2014, 04:50:03 AM |
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go hunting levered longs and then crash the market? O_o could it be? they're that crazy? how can anyone sleep in times like these lack of volume on top of uncertaintly and lack of insurances...Wall Street is still on summer vacation!!!  ez\/ ya i know what you mean... poeple need to HODL! |
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bigasic
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August 16, 2014, 04:51:33 AM |
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can someone point to me the order books that people keep talking about?
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Newbie1022
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August 16, 2014, 04:51:54 AM |
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Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.
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bigasic
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August 16, 2014, 04:53:34 AM |
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Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.
How far do the sell order go? I understand that they can be taken off at any time, but it gives a good indication.. so there is s strong sell coming, ya think? |
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bigasic
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August 16, 2014, 04:54:47 AM |
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I wish I could read em and make sense out of them.. |
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Newbie1022
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August 16, 2014, 04:55:29 AM |
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can someone point to me the order books that people keep talking about?
Bitstamp -- https://www.bitstamp.net/market/order_book/Bitfinex -- https://www.bitfinex.com/pages/ll_order_bookSee the tremendous depth throughout the $400 range. People could get scared and move those bids down, but barring another cascade... which doesn't happen until about 450... it won't happen. Also, it will be tough to droop to 450. Even so, it would take a lot to bump us out of the $400 range. |
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bassclef
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August 16, 2014, 04:56:05 AM |
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Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.
Walls are chest-beating. Let's see how badly they really want cheap coins. |
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Newbie1022
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August 16, 2014, 04:58:10 AM |
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Walls suggest sell-off back in motion... if you are playing a day trader game (don't do this by the way)... then take notice.
How far do the sell order go? I understand that they can be taken off at any time, but it gives a good indication.. so there is s strong sell coming, ya think? Mild. There is still some manipulation with the walls being moved in and out. These only end up resulting in about $5 swings. What you watch for, here, is if we crack $480... if we crack there then we'll bounce down another level. Given the depth of the order book, that may only be to $460 or $470. We'll probably crack $480... it should stop in the next day or two around $460 or $440. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 16, 2014, 04:59:27 AM |
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I wish I could read em and make sense out of them.. its pretty simple ( shows bids and asks, the order book ) and fun to look at when you know what you're looking at. tomorrow, i teach you. to tired now... |
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ChartBuddy
Legendary
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Activity: 2184
Merit: 1777
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 16, 2014, 04:59:37 AM |
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Newbie1022
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August 16, 2014, 04:59:44 AM |
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I wish I could read em and make sense out of them.. If you have trouble making sense of the order book... cash out a small portion like a quarter and put low bids to hedge. You don't want to be making these decisions in real-time. |
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Newbie1022
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August 16, 2014, 05:01:03 AM |
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I wish I could read em and make sense out of them.. If you have trouble making sense of the order book... cash out a small portion like a quarter and put low bids to hedge. You don't want to be making these decisions in real-time. Actually, scratch that... price can't dip enough more... not really... just hold. |
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Brewins
Legendary
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Activity: 1120
Merit: 1000
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August 16, 2014, 05:06:11 AM |
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So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?
Am I missing something? I don't see any dumping. I'll help you:  I guess we will have new short term minimum by 10-11 hours from now, same hour as the last short term minimums records broken |
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bigasic
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August 16, 2014, 05:06:35 AM |
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I wish I could read em and make sense out of them.. its pretty simple ( shows bids and asks, the order book ) and fun to look at when you know what you're looking at. tomorrow, i teach you. to tired now... Ill take you up on your offer.. I hope the market makes me in a good mood:) talk to you tomorrow.. |
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Newbie1022
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August 16, 2014, 05:07:24 AM |
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So the weekend dump officially begins.
How down will we go this time?450? 430? Even lower?
Am I missing something? I don't see any dumping. I'll help you: I guess we will have new short term minimum by 10-11 hours from now, same hour as the last short term minimums records broken BAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!! |
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freedomno1
Legendary
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Activity: 1806
Merit: 1090
Learning the troll avoidance button :)
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August 16, 2014, 05:07:38 AM |
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go hunting levered longs and then crash the market? O_o could it be? they're that crazy? how can anyone sleep in times like these lack of volume on top of uncertaintly and lack of insurances...Wall Street is still on summer vacation!!! ez\/ ya i know what you mean... poeple need to HODL! Guess the prediction was off nice try though Adam can't get them all the time 420 Is my Buy in Here so a bit lower lol. Then I want to go to the moon |
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