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Author Topic: Going down...  (Read 2172 times)
Elwar
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August 17, 2011, 08:03:09 PM
 #1

Someone just dropped a buttload into the 10.8 wall.

It is going down...

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August 17, 2011, 08:13:04 PM
 #2

Someone just dropped a buttload into the 10.8 wall.

It is going down...

There goes the rest.  Of course, there's a chance the seller will regret that in the coming hours.
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August 17, 2011, 08:46:13 PM
 #3

Someone just dropped a buttload into the 10.8 wall.

It is going down...

There goes the rest.  Of course, there's a chance the seller will regret that in the coming hours.

You seem very positive lately. 
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August 17, 2011, 08:57:55 PM
 #4

Someone just dropped a buttload into the 10.8 wall.

It is going down...

There goes the rest.  Of course, there's a chance the seller will regret that in the coming hours.

You seem very positive lately. 

Misplaced optimism, perhaps.
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August 17, 2011, 09:08:33 PM
 #5

Fuck this is fucken Bullshit man!
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August 17, 2011, 10:00:43 PM
 #6

Just shot back up to 11!
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August 17, 2011, 10:23:41 PM
 #7

Given that this market can swing $1.00 - $2.00 dollars in one shot, posting about 0.20 - 0.50 cent moves really doesn't seem that useful.

As of this post, Gox is at $10.86 after nearly hitting $11.00 a short bit ago.

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August 18, 2011, 12:17:54 AM
 #8

i would guess it was a large miner who decided they cannot wait any longer for "more of a rally".
eventually people have to sell to pay the bills if you are using 100s of dollars a days/week on electricity.
if it was an early adopter i would guess they would hold out until early next week to get a feel for things
as they do not feel a huge rush in general.
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August 18, 2011, 12:40:19 AM
 #9

Actually, it was someone that bought up. Either miner with money or big buyer, they shot it up to 11, bounced back down a bit, and then another big buyer bought an addition 1000btc. Hovered down a bit, but its is just over 11.05 at this moment.
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August 18, 2011, 02:24:49 AM
 #10

Actually, it was someone that bought up. Either miner with money or big buyer, they shot it up to 11, bounced back down a bit, and then another big buyer bought an addition 1000btc. Hovered down a bit, but its is just over 11.05 at this moment.

Could easily have been the same guy that dumped first, then bought back lower.
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August 18, 2011, 02:42:11 AM
 #11

Actually, it was someone that bought up. Either miner with money or big buyer, they shot it up to 11, bounced back down a bit, and then another big buyer bought an addition 1000btc. Hovered down a bit, but its is just over 11.05 at this moment.

Could easily have been the same guy that dumped first, then bought back lower.

Maybe, if that's the case he lost money and bitcoin because I don't think there was ever enough volume in a low enough price range to compensate for fees.
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August 18, 2011, 02:48:36 AM
 #12

Wow, this place is dead.
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August 18, 2011, 06:11:34 AM
 #13

Wow, this place is dead.
Needs to stay like this for at-least 3 months for Bitcoin to become an attractive currency Cheesy .

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August 18, 2011, 07:56:03 AM
 #14

Wow, this place is dead.
Needs to stay like this for at-least 3 months for Bitcoin to become an attractive currency Cheesy .

In terms of investing and speculating, the current market is terrible.  It's not going anywhere.  However, in terms of getting bitcoin to be taken seriously as a viable online currency, I agree that this is the best possible thing to happen.  Viva la bitcoin price indifference!


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August 18, 2011, 08:53:55 AM
 #15

in terms of getting bitcoin to be taken seriously as a viable online currency, I agree that this is the best possible thing to happen.
Sounds like BUY BUY BUY to me then Wink
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August 18, 2011, 09:04:07 AM
 #16

Anybody selling right now is going to regret it in about 2 weeks time. The Bitcoin conference alone isn't necessarily enough to push the price up a lot, but the strong correlation between Google trends and BTC exchange rate is too strong to ignore. If just half of the people attending the conference make a decent report on it the amount of interest in Bitcoin is going to go through the roof.

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August 18, 2011, 08:16:16 PM
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Anybody selling right now is going to regret it in about 2 weeks time. The Bitcoin conference alone isn't necessarily enough to push the price up a lot, but the strong correlation between Google trends and BTC exchange rate is too strong to ignore. If just half of the people attending the conference make a decent report on it the amount of interest in Bitcoin is going to go through the roof.

Interseting thought as I have been purchasing and selling coins on a regular basis while mining I had just sold most of my coins before the conference in case something comes out that makes it not appear as attractive.  Of course I hope I'm wrong which is why I have kept a good amount just not nearly as much as I was holding before so I could lock in the gains.
Edward50
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August 18, 2011, 11:07:10 PM
 #18

It is obvious large investors came into the market during the last week, as the bid side was up huge. They however did not buy any bitcoins, they just put up bid orders in. This to me makes me think they are trying to stop the price from falling and hoping to make people buy because of the strong bid support.

Anyone gambling is relying on that these bid walls is not fake, and the same inveotor(s) who overnight shot the whole bid side up huge, will not pull out just as easily and tank the whole bitcoin price.

However I am not sure what the hell their intention is. Did they buy huge quanities when the price was low? Why are they trying to force the price higher weeks before the bitcoin conference?

What I think is they bought lots of bitcoins when the price was low and they are done buying. They are hoping to shore the market up as high as possible.

I do not think they will be able to afford the rate of new bitcoins being sold into the market, and will eventually pull out.

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August 19, 2011, 12:12:20 AM
 #19

Wow, this place is dead.
Needs to stay like this for at-least 3 months for Bitcoin to become an attractive currency Cheesy .

In terms of investing and speculating, the current market is terrible.  It's not going anywhere.  However, in terms of getting bitcoin to be taken seriously as a viable online currency, I agree that this is the best possible thing to happen.  Viva la bitcoin price indifference!



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August 19, 2011, 08:08:02 AM
 #20

It is obvious large investors came into the market during the last week, as the bid side was up huge. They however did not buy any bitcoins, they just put up bid orders in. <..more rubbish skipped..>
I do not think they will be able to afford the rate of new bitcoins being sold into the market, and will eventually pull out.

that got to be some of the stupidest analysis attempt I have ever seen on this forum, and that says alot too. yes right, some "magical investor" got a million usd into some shady exchange just to scare the price up (that just what all investors do) and then, when the price moves up,  move money out because they can't afford it anymore.

advice: get off the glue or you'll start seeing even more disturbing things.

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