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Author Topic: Market Doesn't Look to Hold Above $6,000  (Read 7935 times)
smoothie
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September 09, 2011, 01:05:51 AM
 #1

The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.

EDIT: The title was changed just to have some fun lol  Kiss

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September 09, 2011, 01:08:35 AM
 #2

The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.
Lower than below 6? Holy shit, that’s low.

SELL

"Bitcoin had been transformed from an anarachistic challenge to the financial status quo, to the crypto spawn of Satan, fuelled by cut-throat greed and delusions of avarice." - MatTheCat
"these people don't seem to want to stop till Bitcoin is completely destroyed and left like an old cum rag in the corner of the room." - ShroomsKit
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September 09, 2011, 01:10:59 AM
 #3

The market is sure looking like it wants to make a new recent low below the $6.00 mark and possibly lower.
Lower than below 6? Holy shit, that’s low.

SELL

You don't even need to provoke people to sell, looks like they are doing it on their own.

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            ,╓p@@███████@╗╖,           
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smoothie
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September 09, 2011, 01:17:10 AM
 #4

Just hit $5.93... Roll Eyes

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September 09, 2011, 01:17:34 AM
 #5

I don't know what you mean by "the market looking like". Market price is not determined by the shape of the curve of past prices. It is determined by external supply and demand characteristics.  The shape of past trades is not good data to inform your future purchase decisions.  It's like trying to figure out where a car is from skidmarks left the previous day.

I may agree with your conclusion, but not how you got there.  If you are trying to troll, however, good work sir.
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September 09, 2011, 01:19:55 AM
 #6

Just hit $5.93... Roll Eyes

And again.
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September 09, 2011, 01:24:54 AM
 #7

I don't know what you mean by "the market looking like". Market price is not determined by the shape of the curve of past prices. It is determined by external supply and demand characteristics.  The shape of past trades is not good data to inform your future purchase decisions.  It's like trying to figure out where a car is from skidmarks left the previous day.

I may agree with your conclusion, but not how you got there.  If you are trying to troll, however, good work sir.

It's called technical analysis. If you don't believe what I am predicting in this post and other posts then please hold your bitcoins. I'll buy them back when the price is at $2.00 or $1.00.

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September 09, 2011, 01:31:18 AM
 #8


Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.
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September 09, 2011, 01:33:12 AM
 #9


Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.

don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.
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September 09, 2011, 01:35:49 AM
 #10


Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.

don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.

Who said this had anything to do with early adopters? This has everything to to with the market and the bitcoin economy and where it is headed currently. Things may turn around and the trend may change permanently but I suspect not without  a huge news blast of positive things as well as good publicity on some shows like Alex Jones or even Oprah =).

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September 09, 2011, 01:36:04 AM
 #11


Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.

don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.

Oh well, then I'm fine, *wipes sweat off his brow*. Wait, I don't care, I don't even have bitcoin.
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September 09, 2011, 01:37:37 AM
 #12


Someone just gave up on BTC big time. That was some HUGE volume going for very little and then 3 panic sells.

don't worry. early adopters do not exist. they do not have 10000+ stashes of BTC to sell when they want to get out.
just ignore it.

Oh well, then I'm fine, *wipes sweat off his brow*. Wait, I don't care, I don't even have bitcoin.

Likewise. I sold all of mine at $10.70 and $8.40.  Grin

███████████████████████████████████████

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                   ²²²                 
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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September 09, 2011, 01:40:56 AM
 #13

I was just being sarcastic. I can picture an early adopter who mined/bought 25K of bitcoins during the days when the price was
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.

Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.

I was just commenting on someone "gave up on bitcoin".. is all.

I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.
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September 09, 2011, 01:41:46 AM
 #14

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  And when it dropped under 6, he made an accidental removal of some of his buywalls before he put them back in or maybe Gox lagged.  You're being played for suckers.  The Manipulator is now scooping up cheap coins.

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September 09, 2011, 01:43:37 AM
 #15

I was just being sarcastic. I can picture an early adopter who mined/bought 25K of bitcoins during the days when the price was
just pennies a BTC and deciding they have had enough of watching their "retirement" shrink to nothing. That would make anyone
go crazy watching this slide and decide crap.. I better sell.

Either that or someone really wealthy, our "manipulator(s)", said time to lower the boom.

I was just commenting on someone "gave up on bitcoin".. is all.

I think watching all this is entertaining and I just bought in. RALLY!
I left enough on the exchange to play with since the hardware is basically paid off.

If I was an early adopter and was still in the game right now. I would have sold at like $8 on this down trend thinking to buy back in much lower.

So if my decisions are on target with that of a real early adopter then maybe this will happen. Negative  RALLY!

███████████████████████████████████████

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    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
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. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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smoothie
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September 09, 2011, 01:44:19 AM
 #16

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  And when it dropped under 6, he made an accidental removal of some of his buywalls before he put them back in or maybe Gox lagged.  You're being played for suckers.  The Manipulator is now scooping up cheap coins.

Not playing me. i've sold long ago. I'm gonna buy when the price goes much further down.

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     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
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           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
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greyhawk
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September 09, 2011, 01:47:22 AM
 #17

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  

They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.
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September 09, 2011, 01:51:03 AM
 #18

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  

They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.

I believe it is a psychological tact to get people to think the market is turning around or has support.

I dont even bother looking that the depth chart since it is obvious manipulated like such.

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    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
proudhon
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September 09, 2011, 01:51:27 AM
 #19

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  

They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.

Not all of them.  Whoever just sold 18k bitcoins in one go managed to blast through a few walls.
greyhawk
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September 09, 2011, 01:54:57 AM
 #20

It appears to be one person with all those buywalls.  I am watching him this second.  He had two big ones and now they're all changing to a staircase of little buywalls.  

They'll "magically" disappear just like they did before. I've never seen a buywall hold in the last weeks. They just vanish right before being hit.

Not all of them.  Whoever just sold 18k bitcoins in one go managed to blast through a few walls.

I mean the huge ones, like those that we see right now at 5.95 and 5.75. They have a tendency to disappear just before being hit. Like smoothie says it's likely someone trying to have it look as if there were support.
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