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Newbie1022
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August 19, 2014, 11:06:35 PM |
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an interesting fact
in the last few days:
longs are down ~38.4% short are up ~43.7% price has dropped ~18%
so if longs are down and short are up , who the fuck is buying all the coins?
Willy 2.0 This really does seem like a bot rally being used to bleed hogs out of a little more money before a retest. That said, it did calm the market. I imagine we'll retest around 440 but we won't break it, we'll then go sideways around 460-480 for a few days as everybody will be more skeptical about there really being a rally if they got burnt again... and then we ride up with people getting on the train late. BUT, right now, they are screwing trend hunters, both short and long, on the Altcoin scene... guys who figured that if Bitcoin goes up then the altcoin will go up times 5 or 6. Hogs got hoggy. I might be super wrong, though. I do that from time to time. |
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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August 19, 2014, 11:07:49 PM |
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adamstgBit
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2014, 11:08:22 PM |
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when this thing turns its going to be VIOLENT, the manipulation is totally unsustainable, when is the breaking point is the question.
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Newbie1022
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August 19, 2014, 11:09:04 PM |
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Shitcoins always go to shit when BTC is bearish, if BTC returns to an uptrend it's shitcoin time again, don't worry  BAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! F---ing brilliant!!!!! You should of been around when it was the airdrop cryptocoin era with coins like auroracoin,spaincoin and mazecoin. it was pretty fun lol I can only imagine! =D |
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medialab101
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August 19, 2014, 11:12:25 PM |
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2 minutes and 45 seconds of my life that I'll never get back |
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Newbie1022
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August 19, 2014, 11:12:54 PM |
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when this thing turns its going to be VIOLENT, the manipulation is totally unsustainable, when is the breaking point is the question.
Violent which way? Or both? |
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Walsoraj
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August 19, 2014, 11:12:54 PM |
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when this thing turns its going to be VIOLENT, the manipulation is totally unsustainable, when is the breaking point is the question.
Sodled when you should've hodled? Noob. |
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justusranvier
Legendary
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Activity: 1400
Merit: 1009
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August 19, 2014, 11:14:31 PM |
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I wouldn't be surprised to learn that Coinbase now buys from BTCChina, instead of Stamp.
That would make a lot of sense. |
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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August 19, 2014, 11:15:18 PM |
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A little flashback on the altcoin market which seems to be going to shit pretty soon  No XRP? |
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Richy_T
Legendary
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Activity: 2450
Merit: 2128
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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August 19, 2014, 11:16:44 PM |
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It's hilarious really. Folks are borrowing Bitcoins to sell (short) to holders, who are taking them off-exchange into cold storage. It will be hard to find cheap Bitcoins when the shorts have to cover.
Volume is really to thin to be sanely trading leveraged to any serious degree. |
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Newbie1022
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August 19, 2014, 11:18:43 PM |
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14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%
Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now. |
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adamstgBit
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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August 19, 2014, 11:18:59 PM |
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 lets keep in mind bitfinx was about 1/100th the size, post bubble. long term we see increasing demand for longs while demand for shorts is decreasing. bullish? |
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Sandia
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August 19, 2014, 11:22:47 PM |
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14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%
7k in buys would theoretically take us back to 580. |
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Torque
Legendary
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Activity: 3570
Merit: 5043
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August 19, 2014, 11:23:16 PM |
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14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%
Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now. TL;DR - Either the shorts know something that we don't know, or they are absolutely stupid as fuck. |
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Odalv
Legendary
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Activity: 1400
Merit: 1000
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August 19, 2014, 11:29:45 PM |
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14th August shorts were 2,766 now they are 7,050 thats an increase of 154.88%
Yup. I think we know this isn't the real deal this time. BUT, those shorting might get squeezed anyways on the volatility... and, if they get squeezed hard enough, what shouldn't have been the rally becomes the rally. So... the plot thickens. Dangerous market right now. TL;DR - Either the shorts know something that we don't know, or they are absolutely stupid as fuck. exactly what I think, or it is some sort of manipulation |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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August 19, 2014, 11:30:31 PM |
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Well Ripple will dominate the crytoworld soon and you all know it deep inside of you even if you're too dumb to get it yet =D
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grappa_barricata
Full Member
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Activity: 154
Merit: 100
playing pasta and eating mandolinos
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August 19, 2014, 11:34:23 PM |
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Well Ripple will dominate the crytoworld soon and you all know it deep inside of you even if you're too dumb to get it yet =D
Is there any chance you own a ton of those 'ripple' you are talking about?  |
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mah87
Donator
Hero Member
Offline
Activity: 756
Merit: 500
-Bitcoin & Ripple-
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August 19, 2014, 11:36:32 PM |
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Well Ripple will dominate the crytoworld soon and you all know it deep inside of you even if you're too dumb to get it yet =D
Is there any chance you own a ton of those 'ripple' you are talking about? Knowing that ripple will rule the world soon of course I do at much as I can of this network. |
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