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Author Topic: BTCE TESTS 100!!! bounces back to 580.  (Read 3599 times)
chessnut (OP)
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February 10, 2014, 11:01:02 AM
 #1

crazy stuff going on here. BTCe tested 102. didnt last long.
I gotta say, as an EW analyst, it did make sense that the price should fall into the range of 100-260.

akujin
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February 10, 2014, 11:12:12 AM
 #2

Much better if you have this!  Grin

BTC: 165rKPfGJ3ndrG1QziHR6ACnViP4EQHNK7
LTC: LMysGMFjmF9gR9RzStij74msXrDP1NqW8X
DOGE: DRZXGgcKN8kANwko3VycsBVVGqfy6XsSpM
chessnut (OP)
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February 10, 2014, 11:28:18 AM
 #3

Much better if you have this!  Grin


Thank you Sir.
I dont have the charts.

chessnut (OP)
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February 10, 2014, 12:38:25 PM
 #4

Much better if you have this!  Grin

so was it just a technical problem, or it really went down to 100..?

it shure as hell did go down to $102. somebody sole 4000-8000 BTC at market price.
scared the crap out of me, I had just removed my orders at 350..... some people made a crap load of money.

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February 10, 2014, 12:40:30 PM
 #5

it shure as hell did go down to $102. somebody sole 4000-8000 BTC at market price.
more like 20k

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
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February 10, 2014, 01:15:21 PM
 #6

I hope you guys are aware that this is a scandal. What happened today on BTC-E is so big that it should be written in history books.

If you hate me, you can spam me here: 19wdQNKjnATkgXvpzmSrkSYhJtuJWb8mKs
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February 10, 2014, 01:16:44 PM
 #7

Someone dropped the stolen coins from GOX and dumped all of them on btc-e  Grin
He even had a few low buy orders to launder part of the money/coins.
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February 10, 2014, 01:19:13 PM
 #8

Someone dropped the stolen coins from GOX and dumped all of them on btc-e  Grin
He even had a few low buy orders to launder part of the money/coins.

That's what I thought too, but after seeing the huge volume at abysmal low prices at anxhkHKD, I'm not so sure anymore.

Sometimes, if it looks too bullish, it's actually bearish
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February 10, 2014, 01:19:40 PM
 #9

Someone dropped the stolen coins from GOX and dumped all of them on btc-e  Grin
He even had a few low buy orders to launder part of the money/coins.

thats a just a theory, if true many ppl will be mad since they use mtgox like a wallet

Los desesperados publican que lo inventó el rey que rabió, porque todo son en el rabias y mas rabias, disgustos y mas disgustos, pezares y mas pezares; si el que compra algunas partidas vé que baxan, rabia de haver comprado; si suben, rabia de que no compró mas; si compra, suben, vende, gana y buelan aun á mas alto precio del que ha vendido; rabia de que vendió por menor precio: si no compra ni vende y ván subiendo, rabia de que haviendo tenido impulsos de comprar, no llegó á lograr los impulsos; si van baxando, rabia de que, haviendo tenido amagos de vender, no se resolvió á gozar los amagos; si le dan algun consejo y acierta, rabia de que no se lo dieron antes; si yerra, rabia de que se lo dieron; con que todo son inquietudes, todo arrepentimientos, tododelirios, luchando siempre lo insufrible con lo feliz, lo indomito con lo tranquilo y lo rabioso con lo deleytable.
DrBitcoin
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February 10, 2014, 01:22:10 PM
 #10

I had a 10 coin limit order at 100...I just made it 105.
That said, I also had limits at 300, 550, and 599 and none were triggered...so it was too fast it wouldn't have triggered the 105 either.
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February 10, 2014, 01:23:19 PM
 #11


thats a just a theory, if true many ppl will be mad since they use mtgox like a wallet

Using any online service like a wallet is just plain stupid.
The only "secure" way are paper wallets with privat keys engraved in metal stored somewhere safe.

Online Exchanges, Online Wallets, local wallets, ... are less secure than a normal banc account with 2 factor auth.
There is no insurance with bitcoin, you need to protect your coins by yourself. Don't trust any 3rd party service.
seleme
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February 10, 2014, 01:25:55 PM
 #12

Wanna cry, had lot of unused fiat on exchanges, why the hell I haven't put some ery low offer out there  Cry

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chessnut (OP)
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February 10, 2014, 01:28:04 PM
 #13

 
Wanna cry, had lot of unused fiat on exchanges, why the hell I haven't put some ery low offer out there  Cry

 Cry
Ill cry with u.
I removed orders at 350 bout 10 mins before all that.

Richard Branson
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February 10, 2014, 01:36:53 PM
 #14

Wanna cry, had lot of unused fiat on exchanges, why the hell I haven't put some ery low offer out there  Cry

Please explain, why you left a lot of unused fiat on exchanges and don't have ANY limit buy orders in place?
Leaving fiat there is risky and without orders in place just pointless.

Would love to hear an explanation.
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February 10, 2014, 01:47:52 PM
 #15

I'm not a trader, someone please explain how this was possible.
j3steven
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February 10, 2014, 01:49:42 PM
 #16

Seems to have stabilized around $625ish over the last hour or two.  Thoughts on if this will stay or possibly take another dip?

chessnut (OP)
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February 10, 2014, 02:02:01 PM
 #17

Seems to have stabilized around $625ish over the last hour or two.  Thoughts on if this will stay or possibly take another dip?

Before the crazy news and spike disrupted everything, I thought upper 500s, or low 600s would be a reasonable target for tonight.
It all depends on how the Americans react, I dont know. I dont think it should trade past 700. I do think it will consolidate and then continue trending down. At this rate it could be flerting with 500 in 12 hours.
if it does trade past 700, then that will be a real pickle.....

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February 10, 2014, 02:07:05 PM
 #18

Looks like somebody made an expensive typo.

But thanks for filling my $275 buy order. Never expected to see that happen.
chessnut (OP)
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February 10, 2014, 02:11:51 PM
 #19

Looks like somebody made an expensive typo.

But thanks for filling my $275 buy order. Never expected to see that happen.

nice one  Wink
took mine down ten minutes before the spike....... lol
the logic being, I dont want these orders to be filled if the reaction is that bad...... but silly me, what would I do with the fiat anyway, im in NZ.

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February 10, 2014, 02:32:02 PM
 #20

Amazing how all these crazy events and buying opportunities happen the day i was knocked out on my bed because of a flu  Tongue

Anyways, i think Bitcoin crashing to $102 in BTCe is a NON-EVENT, as in it doesn't count. That's because it happened due to 1. Error by a large seller, 2. Software bug on BTCe platform triggered this crash and corrected it immediately. Not that many people got to buy, those who got lucky well good for you, you made a good profit !

These errors happen sometimes, even in stock markets (i've personally seen it once in a project i've worked on). Usually in regulated markets, trades would be reversed in such incident.

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