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Pangia (OP)
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September 06, 2013, 07:17:31 PM |
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What's going on folks? BTC doing the dive.
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"You Asked For Change, We Gave You Coins" -- casascius
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Skinnkavaj
Sr. Member
 Offline
Activity: 469
Merit: 250
English Motherfucker do you speak it ?
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September 06, 2013, 07:19:04 PM |
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PANIC SELL. FUD FUD FUD.
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WinVery.com
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September 06, 2013, 07:22:08 PM |
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There is not even agreement on a price.  |
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Herp
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September 06, 2013, 07:22:14 PM |
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Taking a small break. It doesn't go up vertically. These pullbacks are periodic and healthy before going higher.
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Xiaoma
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September 06, 2013, 08:16:04 PM |
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bitcoin going up... normal bitcoin going down... normal just get on with it  |
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CurbsideProphet
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September 06, 2013, 08:38:05 PM |
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It "plunged" to the price it was, what, a week ago? |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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Pruden
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September 06, 2013, 09:38:16 PM |
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It "plunged" to the price it was, what, a week ago? I recall thinking that on april, 11th, 2013. |
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MAbtc
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September 06, 2013, 09:47:35 PM |
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It "plunged" to the price it was, what, a week ago? A 17% drop in value from peak is significant, I think..... |
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jamesc760
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September 06, 2013, 10:00:45 PM |
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is SR down again???
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chodobaggins
Newbie
Offline
Activity: 12
Merit: 0
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September 06, 2013, 10:02:22 PM |
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1500hrs
Looks like another case of an American forgetting that the rest of the world exists. looks like another yuropoor looking for an excuse to get buttmad about America good, good, blame America, ignore your own government's pilfering! gooooood! http://i.dailymail.co.uk/i/pix/2011/12/10/article-2072549-0F0CE65900000578-678_468x320.jpgCaption: 'They were outside my gold-flaked mansion with torches and pitchforks, but I just pointed at America and the retards fell over themselves whining and forgot all about me!' |
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RationalSpeculator
Sr. Member
Offline
Activity: 294
Merit: 250
This bull will try to shake you off. Hold tight!
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September 06, 2013, 10:32:26 PM |
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It "plunged" to the price it was, what, a week ago? I recall thinking that on april, 11th, 2013.  |
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CurbsideProphet
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September 06, 2013, 11:55:20 PM |
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It "plunged" to the price it was, what, a week ago? A 17% drop in value from peak is significant, I think..... You must be new. |
1ProphetnvP8ju2SxxRvVvyzCtTXDgLPJV
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HeliKopterBen
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September 07, 2013, 12:45:05 AM |
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Spread less than $5 between bitstamp and gox right now. We will see if that holds.
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Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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HeliKopterBen
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September 07, 2013, 12:46:15 AM |
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Spread less than $5 between bitstamp and gox right now. We will see if that holds.
less than $3 now |
Counterfeit: made in imitation of something else with intent to deceive: merriam-webster
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OmegaNemesis28
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September 07, 2013, 12:57:35 AM |
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Mtgox was at $140-150 last week and the week before. Right now its at $121 asking. So, it "plunged" by ~$20.
BUT, CampBX has been at $120 for the last 3 weeks. Give or take a few days.
I see it as normalizing, correct me if I'm wrong. Mtgox had an inflated price on BTC for over 2 weeks.
By the way, can someone explain to me in a situation such as that prevents people from buying on CampBX and then selling on Mtgox for a $20+ coin profit? Or is that what people were doing?
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the joint
Legendary
Offline
Activity: 1834
Merit: 1020
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September 07, 2013, 12:59:43 AM |
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Spread less than $5 between bitstamp and gox right now. We will see if that holds.
Bingo. This is the factor to look out for. Gox price was significantly overinflated due to withdrawal problems. It's more important to see what's happening on bitstamp and btc-e. Besides, payment processors like bitpay no longer follow the gox API (thankfully). By all logic, Gox shouldn't be influencing the market to the same degree it had been prior to the shit hitting the fan. |
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johnyj
Legendary
Offline
Activity: 1988
Merit: 1012
Beyond Imagination
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September 07, 2013, 04:32:41 AM |
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Volatility means all good. There are no central banks who could add or subtract some money supply to stablize the price, if the price is stable, then it means the exchange rate was manipulated  |
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the joint
Legendary
Offline
Activity: 1834
Merit: 1020
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September 07, 2013, 06:13:12 AM |
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Volatility means all good. There are no central banks who could add or subtract some money supply to stablize the price, if the price is stable, then it means the exchange rate was manipulated Manipulation is such a loaded term. Everybody manipulates the market, and everyone has the same goal - profit. Manipulation is just thrown around most frequently when one of two things happens: 1) a big buy/sell makes people go "damn that's a lot of money!", or 2) there is an assumption that someone with deep pockets is keeping the price stable, though it should be noted that this is virtually indistinguishable from normal trading activity and therefore calls into question the assumption... |
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smoothie
Legendary
Offline
Activity: 2492
Merit: 1473
LEALANA Bitcoin Grim Reaper
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September 08, 2013, 04:03:25 AM |
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Anybody who was around since January of this year would know that this small drop is expected. Shaking out the weak hands.
We did the same shake at least 10 times from $13 to $266.
Don't get shaken off from $120 to $1000.
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| . ★☆ WWW.LEALANA.COM My PGP fingerprint is A764D833. History of Monero development Visualization ★☆ .
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patryn
Newbie
Offline
Activity: 19
Merit: 0
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September 08, 2013, 07:02:45 AM |
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Gox price was significantly overinflated due to withdrawal problems. To the best of my knowledge, nothing has changed here. People are still waiting for their withdrawals from July etc. It does look like the price of btc has stablized between the exchanges who are actually processing withdrawals, however. Very unfortunate, as this ruins our wonderful previously available 10% arbitrage abilities. |
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