ChartBuddy
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Activity: 2226
Merit: 1779
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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August 18, 2014, 03:59:33 PM |
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empowering
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Activity: 1078
Merit: 1441
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August 18, 2014, 04:00:29 PM |
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Be relaxed- think - act - relax.  |
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empowering
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Activity: 1078
Merit: 1441
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August 18, 2014, 04:01:59 PM |
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Torque
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Activity: 3598
Merit: 5079
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August 18, 2014, 04:02:55 PM |
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Why did I buy coins in the first place? It's because I believed in a good opportunity for the price to rise, based on my analysis. My god, a trader! How horrifying. Someone who changes his stance based on the market's actions. Do you truly believe I believe I could influence anyone here in such a way as to fulfill my price targets?  What I'm doing on this forum is meaningless to the market, I'm only having fun. The flash crash made the shorts cover earlier than expected, no steam left. There will be no significant rise for you to profit. Get ready to cut and run!  |
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JorgeStolfi
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August 18, 2014, 04:03:33 PM |
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I'm not sure how accurate it is, but a Coindesk article from a few days ago ( http://www.coindesk.com/margin-trading-crash-price-bitcoin/) gave a good hypothesis: margin trading. A lot of people borrowed money on margin to buy at the end of May, which led to the rally. Now all of those trades are being undone as people's positions are being liquidated due to margin calls. That seems very plausible. I just wish someone had made light of that (prominently) in June. Maybe. I know nothing of margin trading beyond the basic idea. Those calls that expired at the end of May, when were they made, and for how much? Was their volume compatible with the amounts involved in the rise? @Mimitech suggested the Dell adoption as the causing event, and @walsoraJ pointed out Jed McCaleb's threat to sell his huge holding of XRP. Maybe too. However, I would first look for a cause in China. Could that be the opening of the international branches of Huobi and OKCoin? Or some leak from the government? |
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N12
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Activity: 1610
Merit: 1010
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August 18, 2014, 04:04:46 PM |
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Why did I buy coins in the first place? It's because I believed in a good opportunity for the price to rise, based on my analysis. My god, a trader! How horrifying. Someone who changes his stance based on the market's actions. Do you truly believe I believe I could influence anyone here in such a way as to fulfill my price targets? What I'm doing on this forum is meaningless to the market, I'm only having fun. The flash made the shorts cover earlier than expected. There will be no significant rise for you to profit. Get ready to cut and run! Always ready to take responsibility for my positions and CUT MY LOOSE when I'm wrong. That's the reason I don't become a jaded individual who keeps complaining about the market as he helplessly and senselessly watches. |
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Schickeria
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Activity: 84
Merit: 10
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August 18, 2014, 04:11:52 PM |
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Thanks. This smiley is very valuable for me. |
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jeezy
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Activity: 1237
Merit: 1010
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August 18, 2014, 04:18:31 PM |
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MtGox + SilkRoad coins getting liquitated again? Nice to see!  |
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abercrombie
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Activity: 1159
Merit: 1001
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August 18, 2014, 04:22:18 PM |
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If the Fed wants to bring Bitcoin investors to their knees, they could just announce a FBI auctioning of the remaining coins.
That could easily bring BTC to the 200's and lower.
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findftp
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Activity: 1022
Merit: 1006
Delusional crypto obsessionist
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August 18, 2014, 04:22:29 PM |
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MtGox + SilkRoad coins getting liquitated again? Nice to see! Obviously to drive the price down to buy them back later, cheaper. |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2014, 04:29:48 PM |
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fonzie
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August 18, 2014, 04:29:56 PM |
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That guy, sellin 100BTC on BTC-e 23 $ below Stamp, what´s wrong with him? Shorter that came too late?
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thefunkybits
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Activity: 1218
Merit: 1000
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August 18, 2014, 04:30:21 PM |
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Hopefully we break 480 on the upside here...
I see that we closed green even down to the 15 min. candle on the flashcrash, seems bullish to me
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Torque
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Activity: 3598
Merit: 5079
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August 18, 2014, 04:33:03 PM
Last edit: August 18, 2014, 04:46:59 PM by Torque |
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Day Tradarzz, getting nervous already? Margin looking kinda... slim? Bag starting to get a little, um, weighty there? Tsk, tsk.
Better sell soonz...
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2014, 04:33:57 PM |
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That guy, sellin 100BTC on BTC-e 23 $ below Stamp, what´s wrong with him? Shorter that came too late?
panicked trader fat fingered a big order? who knows... |
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adamstgBit
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 18, 2014, 04:35:18 PM |
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oh nose more walls. and dumps into walls  |
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kireinaha
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August 18, 2014, 04:39:21 PM |
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What worries me now is that we're still seeing low volume on these bounces, and LTC STILL continues to fall. I think this is a strong indication of further sell offs for bitcoin. Sub $400 is looking more and more likely.
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JorgeStolfi
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August 18, 2014, 04:50:59 PM |
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I was just pointing out that this forum is rubbing off on your style, you are becoming more troll like in your posts...
That unfortunately is true, I feel that I have become more cynical with time. Not because of this thread, I think, but of other threads I have been reading. Some of them are beyond crazy, totally surreal. For example, reading the threads about Butterfly Labs, AMT, and other mining rig scams, I could not understand why the victims kept asking and pleading and discussing with the companies for almost a year, still accepting their phony explanations, promises, deals, upgrades -- even sending them more money. Those clients must know that the CEO of one of those companies was convicted, not long ago, of running an international lottery scam that stole 25 million from old pensioners and such. Being told so, a sane client should have stopped wasting time and gone straight to the police to file charges for fraud. Why did their clients instead keep asking, whining, pleading, insulting, sometimes even praising the scammers? Then I had an epiphany (what a swell word, must use it more often! ): that is the way drug addicts interact with drug dealers who failed them. They know that the merchant is a criminal and what he did to them was fraud. But they of course won't go to the police, and know that he is the boss so their only hope is to convince him to deliver. When they finally get some product from him, even if it is late, junk, and much less than they paid for, they will be thankful and forget the damage and come back the next day for more, nice and smiling. Could it be that buying illegal drugs was the only non-trivial "business experience" that those clients had in their life? |
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molecular
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Activity: 2772
Merit: 1019
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August 18, 2014, 04:52:57 PM |
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What worries me now is that we're still seeing low volume on these bounces, and LTC STILL continues to fall. I think this is a strong indication of further sell offs for bitcoin. Sub $400 is looking more and more likely.
blarg. <$400 would paint quite a tragic technical picture. It would likely mean <$300, too, maybe even worse. I'm all for staying above $400. |
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BuyLowSellLower
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Activity: 10
Merit: 0
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August 18, 2014, 04:54:07 PM |
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Question is, how will you feel if the price rebounds to 500 soon? Or even 550. Sentiment is in the shitter, r/bitcoin is proof of that. Take advantage now or complain later. I wouldn't feel a shit, in fact I would feel sorry for the "buy high and sell low" folks, because I think this train is not stopping here yet, I think it is still going south. r/Bitcoin is a catastrophic sub, I wonder how old the guys who hang there... Well, it's a valid tactic, if you ask me! You can make a lot of people very happy with that strategy! |
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