derpinheimer
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September 16, 2014, 05:22:21 PM |
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Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
I've investigated this claim recently (after reading about it on r/bitcoinmarkets) with people who have complete logs of all past orders set on Bitstamp and no trace of this was found. Where did you see this? My guess is it's a bug with the displaying website like I sometimes had happen to me on bitcoinity or clarkmoody. Yeah, I've never seen this "40k wall" either. Sounds like nonsense. Blitz: it was widely discussed on bitcoinmarkets..I can't give you absolute proof (never saw it myself). Derp: You not seeing it means nothing. Just like your perpetual bearish opinion. Have I been wrong? Ive been bearish for awhile now. Market continues to trend down. I said short term bullish mid term bearish some months ago. Not right all the time as that is impossible but I'd say my "perpetual bearish opinion" isnt a good insult. I watch the charts way too much to miss a real 40k wall.. also, I have on idea what a bitcoinmarkets is, but google yielded no results of what you are claiming whatsoever.
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oda.krell
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September 16, 2014, 05:22:51 PM |
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Stamp at 467, finex at 469.
Listening to this thread we are mid crash. Except we aren't. Just a few salivating day traders hoping for a drop to buy back.
What you said about big players accumulating off exchange and keeping prices from accelerating higher is interesting aminorex. If they are a non malicious actor then precipitating a crash is not in their interests either as it will drastically reduce the value of existing holdings.
Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
Blessed are those with a short term memory... We were at $680 just 3 months ago. Took a while, then it was clear that the 600s can't be supported (for now). Then the 500s. One fight in June, one in August. Then that was history. So we're in the 400s. What makes you so sure they can be supported? It looked like a pretty clear case to me in May (and I wrote about that, accordingly). But right now, I'm much less sure there's strong enough support at mid-to-high 400s. Sure, it's backed up by nothing but my own understanding of the current technicals, but I'm also not ruling out another rally soon (just that I see it as less likely than in mid May). You however seem pretty sure of what you say. Care to elaborate why?
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N12
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September 16, 2014, 05:27:31 PM |
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Stamp at 467, finex at 469.
Listening to this thread we are mid crash. Except we aren't. Just a few salivating day traders hoping for a drop to buy back.
What you said about big players accumulating off exchange and keeping prices from accelerating higher is interesting aminorex. If they are a non malicious actor then precipitating a crash is not in their interests either as it will drastically reduce the value of existing holdings.
Big players are also not generally interested in seeing the value of their holdings evaporate on the whim of lots of small fish day traders. A forty thousand bid wall flicked in and out existence in the low 4xx's last week suggesting serious buying power despite what TA may say.
Blessed are those with a short term memory... We were at $680 just 3 months ago. Took a while, then it was clear that the 600s can't be supported (for now). Then the 500s. One fight in June, one in August. Then that was history. So we're in the 400s. What makes you so sure they can be supported? It looked like a pretty clear case to me in May (and I wrote about that, accordingly). But right now, I'm much less sure there's strong enough support at mid-to-high 400s. Sure, it's backed up by nothing but my own understanding of the current technicals, but I'm also not ruling out another rally soon (just that I see it as less likely than in mid May). You however seem pretty sure of what you say. Care to elaborate why? The first paragraph of his is about what this one guy on bitcointalk said (unverifiable bold claim), and second paragraph is about what those blokes on r/bitcoinmarkets said (unverifiable bold claim, with at least me having investigated and found evidence to the contrary). Guys, I implore you to look at at actual evidence; actual verifiable data more and trust others less who may or may not have your interests at heart, especially if they make bold claims without presenting data for it. Don't be so damn gullible, no matter how good things sound. Wishing does not make things true.
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X7
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Let he who is without sin cast the first stone
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September 16, 2014, 05:31:01 PM |
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frienemy
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I was promised da moon
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September 16, 2014, 05:32:37 PM |
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Bouncing time @463 at Stamps. Not too far away
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N12
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September 16, 2014, 05:33:04 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. Nowadays, PayPal subsidiaries can accept Bitcoin, Dell can accept Bitcoin, it's all priced in.
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oda.krell
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September 16, 2014, 05:37:59 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. It's not even that unmotivated, if you think about it. Back then, Bitcoin was fighting for even the slightest chance at recognition, and even just awareness. A mainstream article was enough for that. Next was merchant adoption. Took a while, but it looks like Bitcoin is on track in that respect. Makes sense, as well: there's a good, solid financial incentive for merchants to favor Bitcoin over legacy payment systems (assuming they put a processor like Bitpay in between). Now that that one is settled, more merchant adoption (short of amazon.com) doesn't seem to move price up much anymore. So, big question to the audience: what's the next "unresolved" question (as in: something that the market still reacts to)? I have a hunch
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Wilhelm
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September 16, 2014, 05:39:17 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. Nowadays, PayPal subsidiaries can accept Bitcoin, Dell can accept Bitcoin, it's all priced in. Maybe not priced in, maybe we're under bought due to the long hard dump we had, we will go sky-high soon
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BTCat
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September 16, 2014, 05:39:34 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. Nowadays, PayPal subsidiaries can accept Bitcoin, Dell can accept Bitcoin, it's all priced in. I don't think it's priced in, it just takes time to build up energy until it explodes.
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Torque
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September 16, 2014, 05:39:51 PM |
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I have a hunch Do tell! (And please don't say Wallstreet or ETF, or I'm gonna barf)
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N12
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September 16, 2014, 05:42:54 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. It's not even that unmotivated, if you think about it. Back then, Bitcoin was fighting for even the slightest chance at recognition, and even just awareness. A mainstream article was enough for that. Next was merchant adoption. Took a while, but it looks like Bitcoin is on track in that respect. Makes sense, as well: there's a good, solid financial incentive for merchants to favor Bitcoin over legacy payment systems (assuming they put a processor like Bitpay in between). Now that that one is settled, more merchant adoption (short of amazon.com) doesn't seem to move price up much anymore. So, big question to the audience: what's the next "unresolved" question (as in: something that the market still reacts to)? I have a hunch Totally agree with you. My hunch? Getting Bitcoin tradeable on every real world broker, aka ETF. Other than that, Bitcoin is IMO still searching for a "killer app". I don't know what future ones could be, but since Silk Road and SatoshiDice I haven't seen much that motivates people to use Bitcoin over fiat for transactions.
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oda.krell
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September 16, 2014, 05:50:28 PM |
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I have a hunch Do tell! (And please don't say Wallstreet or ETF, or I'm gonna barf)User adoption (vs. merchant adoption, that looks a lot better). The trolling tone of posters like Jorge aside, they do have a point somewhat: It is not 100% clear that a vast number of people will feel the need to get into crypto. Let's go into the reasons of the groups that we do know have an interest: - political (somewhat simplified: libertarian mindset) - desire for anonymity (somewhat simplified: black market transactions) (yes, I know, not really anonymous. But a lot better than buying weed with your CC) - economical (somewhat simplified: Austrian school) - unbanked / remittance market (somewhat simplified: the poorest of the world) - technological (somewhat simplified: Bitcoin "feels" technologically superior to, say, cash to a certain type of people) - (EDIT) inflation safe store of value / free movement of capital (like a combination of "ecnomical" and "unbanked" above, but for countries that are developed enough to have a working banking system, but where "inflation" is more than just something that only Austrians get mad about. Argentina comes to mind, for exmple.) (Did I forget an obvious group?) Point is, we're waiting for signs of massive adoption in either one of the above groups, or signs of minor adoption in the broad population. That, or the next wave of speculative capital, I guess. "CNN now has a Bitcoin ticker" doesn't really add much to answer that question, at the current level of exposure.
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hdbuck
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September 16, 2014, 05:51:14 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. It's not even that unmotivated, if you think about it. Back then, Bitcoin was fighting for even the slightest chance at recognition, and even just awareness. A mainstream article was enough for that. Next was merchant adoption. Took a while, but it looks like Bitcoin is on track in that respect. Makes sense, as well: there's a good, solid financial incentive for merchants to favor Bitcoin over legacy payment systems (assuming they put a processor like Bitpay in between). Now that that one is settled, more merchant adoption (short of amazon.com) doesn't seem to move price up much anymore. So, big question to the audience: what's the next "unresolved" question (as in: something that the market still reacts to)? I have a hunch Totally agree with you. My hunch? Getting Bitcoin tradeable on every real world broker, aka ETF. Other than that, Bitcoin is IMO still searching for a "killer app". I don't know what future ones could be, but since Silk Road and SatoshiDice I haven't seen much that motivates people to use Bitcoin over fiat for transactions. We just need moar merchants to accept BTC.
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Schickeria
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September 16, 2014, 05:52:00 PM |
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I remember the good old times when the price doubled on a mere mention in Forbes magazine. That was in 2011, and the price was $3. It's not even that unmotivated, if you think about it. Back then, Bitcoin was fighting for even the slightest chance at recognition, and even just awareness. A mainstream article was enough for that. Next was merchant adoption. Took a while, but it looks like Bitcoin is on track in that respect. Makes sense, as well: there's a good, solid financial incentive for merchants to favor Bitcoin over legacy payment systems (assuming they put a processor like Bitpay in between). Now that that one is settled, more merchant adoption (short of amazon.com) doesn't seem to move price up much anymore. So, big question to the audience: what's the next "unresolved" question (as in: something that the market still reacts to)? I have a hunch Totally agree with you. My hunch? Getting Bitcoin tradeable on every real world broker, aka ETF. Other than that, Bitcoin is IMO still searching for a "killer app". I don't know what future ones could be, but since Silk Road and SatoshiDice I haven't seen much that motivates people to use Bitcoin over fiat for transactions. I bet with you that it needs no reason. If there will be any so called reason I think it's only a coincide. People are calling reasons like Cyprus, China etc... at best it has been a small push and after that it's all kinda mass psychology. If we were rising now people were shouting GABI and PayPal is the reason. It's a wave, nothing more. You can see these small pushes even now. PayPal effected strong upwards momentum, but it couldn't stop ongoing wave.
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ibrahim11
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September 16, 2014, 05:54:29 PM |
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So, when is bitcoin going to rise? From the past weeks i think that the train is STUCK in the FUCKING STATION
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JayJuanGee
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Self-Custody is a right. Say no to"Non-custodial"
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September 16, 2014, 05:54:58 PM |
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this market can really make you sick
if we go sub 400 i'm leveraging HARD
its the only way - all or nothing
Yeah, but how long will it take, if it does? There has been pretty decent resistance in this upper $400s range, which had caused me to believe that prices would NOT be going below $450 - but it is possible to eek out some more selling of coins, I suppose.. and maybe bring prices to the $430 arena... maybe? But even with the price currently floating in the $467 arena, I am thinking that the prices are going to spring back to the mid $470s.... yea i actually made a chart that suggested we would go 480 then back to 467 and rallying 500+ a few days later and 600 a week or 2 after that which would hopefully take us into the next bubble kinda doubt it though Funny how that works. You can make a lot of charts and a lot of graphs projecting BTC price changes, and then all you get in return for all those efforts is BTC price defiance.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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September 16, 2014, 05:59:06 PM |
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adamstgBit
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Trusted Bitcoiner
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September 16, 2014, 06:00:17 PM |
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i bought and alt coin with my btc, btc when down and my alt coin crashed! this is not good.
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inca
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September 16, 2014, 06:02:28 PM |
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It is getting pretty emotive on here.
Simply suggesting that the price isn't crashing and pointing out that stamp is a mere 3 dollars below this morning gets a proper bashing.
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