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Question: How far will this leg take us?
$110K - 9 (8.3%)
$120K - 19 (17.6%)
$130K - 17 (15.7%)
$140K - 9 (8.3%)
$150K - 19 (17.6%)
$160K - 2 (1.9%)
$170K+ - 33 (30.6%)
Total Voters: 108

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26836826 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 1 users with 9 merit deleted.)
bad trader
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November 22, 2014, 02:39:04 PM

Touching lines again.
janos666
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November 22, 2014, 02:39:36 PM

teh nxt critical r nineteen pages.

Calling it: another post dump at 9997.

It's expected by many.

I'm already shorting this thread with leverage

No need to dump posts.

How many pages could we lose if some of us replaced IMGs with links?

Actually NONE (But as you see, I started accumulating posts a few hundred pages ago. You must feel that this can't be good.)
bengtåke
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confused developer


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November 22, 2014, 02:40:11 PM

Are we there yet

cmon bitcoin, grow wings already :')
noobtrader
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November 22, 2014, 02:40:16 PM

Good morning Bitcoin warriors!  How goes the battle?


Greeting comrade...

i switched side and shorted the market... and double teh profit !!!   Grin Grin Grin Tongue

do you make profit so far Huh or just being paid troll  bahahahahahahaaaa
BlindMayorBitcorn
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November 22, 2014, 02:41:20 PM

Good morning Bitcoin warriors!  How goes the battle?


Greeting comrade...

i switched side and shorted the market... and double teh profit !!!   Grin Grin Grin Tongue

do you make profit so far Huh or just being paid troll  bahahahahahahaaaa

The dark side is THAT way Roll Eyes
noobtrader
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November 22, 2014, 02:43:22 PM

Good morning Bitcoin warriors!  How goes the battle?


Greeting comrade...

i switched side and shorted the market... and double teh profit !!!   Grin Grin Grin Tongue

do you make profit so far Huh or just being paid troll  bahahahahahahaaaa

The dark side is THAT way Roll Eyes

dont worry bro, 340 and i will switch long again... or maybe i will ask the TA officer first before go long...  Wink
NotLambchop
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November 22, 2014, 02:44:37 PM

Good morning Bitcoin warriors!  How goes the battle?


Greeting comrade...

i switched side and shorted the market... and double teh profit !!!   Grin Grin Grin Tongue

do you make profit so far Huh or just being paid troll  bahahahahahahaaaa

Most of the profit I've made on Bitcoin was made a long time ago.  I can't read this market any better/have any more inside info than most.  What I'm doing now is best described as penny-ante gambling Undecided

*Almost forgot:
Welcome, Traitor!  Help yourself to some Cheetos and Mountain Dew!
bad trader
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November 22, 2014, 02:45:08 PM

Let me help you find some more trendlines (outside of the plot area, of course).




At least two of these lines seem actually relevant right now. Grin

janos666
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November 22, 2014, 02:48:36 PM

Touching lines again.

You know it is technically always touching a certain trend line, right? It all depends on how you choose to draw one: the degree of the polynomial and the points you choose to include in the equation (or the randomness if you draw lines by hand).
JorgeStolfi
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November 22, 2014, 02:49:20 PM

Note that people bid at auctions not to get coins at any cost, but to get coins at a good price.  If someone wants 10'000 coins, and he can get them off exchange for 300$/BTC, it makes no sense to bid for more than 300$/BTC, even if he expects that there may be higher bids.

Well you avoid slippage, and I imagine it would be less of a pain in the ass to buy them at the auction than it would be to trust these random exchanges with all that money and wait for bids to fill. I imagine that would make it so bids close to market would be feasible. Not so sure about bids that are slightly higher than market, and I'd say bids significantly higher than market probably should not be expected.

Sorry, by "get them off exchange" I meant "get them through a private over-the-counter deal (not at the exchanges)".  So, I expect that bids will be limited by the price that one could pay in an over-the-counter buy of the same size (unless an "irrational" rich bidder enters the auction).

I would think that the over-the-counter price for 10'000 is not much above the open market, otherwise arbitragers would promptly step in and equalize the prices.  For 50'000 coins, I would not dare to guess...
only
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Dutyfree.io – defying tobacco taxes since 2009.


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November 22, 2014, 02:50:25 PM

DON'T TOUCH THOSE LINES
Tzupy
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November 22, 2014, 02:50:31 PM

Someone touched a trendline...

Inappropriately.

What? I didn't write this, please stop misquoting me. Angry
redsn0w
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#Free market


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November 22, 2014, 02:52:48 PM

Stay tuned , maybe this time we will reach 10k pages ... Or HARD DUMP !
dreamspark
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November 22, 2014, 02:53:47 PM

Remember as well that while otc deals take place of coins into the thousands there are not many places you can go and buy 50,000 coins. There aren't that many people around to sell you that many.
Feri22
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November 22, 2014, 02:53:50 PM

I think  because he want to buy more bitcoin.
I think he doesn't want to buy less bitcoin.

yay i make bitcoin more than mining, just by trading bahahahahaha

Are you permanently high?
NotLambchop
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November 22, 2014, 02:57:00 PM

Someone touched a trendline...

Inappropriately.

What? I didn't write this, please stop misquoting me. Angry

Corrected for posterity.  Because serious business Cool
bad trader
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November 22, 2014, 03:00:23 PM

Touching lines again.

You know it is technically always touching a certain trend line, right? It all depends on how you choose to draw one: the degree of the polynomial and the points you choose to include in the equation (or the randomness if you draw lines by hand).
Yes, that particular one seemed fairly important line based on past performance. We are now below it. I'm just saying the Chinese traders (and probably others) seem to follow the important looking lines and when one gets broken to the downside they dump. They also buy in the other direction. And there may be little else going on at the market right now.

I'm just not sure if these trendlines can be trusted. The market may be fooling itself by following it's own tail.
noobtrader
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November 22, 2014, 03:00:35 PM

I think  because he want to buy more bitcoin.
I think he doesn't want to buy less bitcoin.

yay i make bitcoin more than mining, just by trading bahahahahaha

Are you permanently high?

uh... mining with 1 T (about 1 Btc atm) net you like 0.012 btc per day Huh

yesterday is shorted n get like 0.015 btc.

 Grin
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ


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November 22, 2014, 03:01:10 PM


Explanation
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November 22, 2014, 03:11:31 PM

Just to be clear, I'm not saying it won't drop from here, which in itself is probably a bullish indicator. Undecided

A bullrun on fiat? yyAy! Cheesy

I closed my short on the way up from 350 to 360 in a hoped to reopen it above 370 but I am starting to "panic".
I just trust the market to move against me whatever I choose to do. Tongue
Prudent advice. Always consider the worst case scenario.
With my trading skills thinking about worst case scenarios tends to lead into buying at the top and selling at the bottom.

Just stay patient and hope for the best seems like better advice. Some random swing will meet your bids/asks eventually. Maybe.

I prefer to substitute the word "trading" with "gambling"

As long as you enter each position with the expectation that you could lose everything, then I think you'll be fine.

I'm afraid of a situation where retail investors get involved and get slaughtered.

That is the main thesis for "as low as possible for as long as possible."
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