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Author Topic: The rocket is secretly taking off! High 3.26, 20k BTC to $3.50 (up from $3.35)  (Read 5650 times)
ineededausername
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December 19, 2011, 04:45:45 AM
 #1

When I wake up, something better have happened! Smiley

(BFL)^2 < 0
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ineededausername
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December 19, 2011, 04:47:54 AM
 #2

Walls are starting to disappear... depth at far right has dropped about 8k BTC.

(BFL)^2 < 0
julz
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December 19, 2011, 05:00:15 AM
 #3

Is the Santa Manipulator still taking requests?
Please don't rally til after February..    my funds are tied up in other more boring things til then Sad

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December 19, 2011, 05:03:27 AM
 #4

When I wake up, something better have happened! Smiley
Be careful what you ask for  Wink
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ineededausername
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December 19, 2011, 05:05:59 AM
 #5

Is the Santa Manipulator still taking requests?
Please don't rally til after February..    my funds are tied up in other more boring things til then Sad


I would like to add my Christmas wish!  Please don't rally til my funds arrive from dwolla...  just a few more days..

(BFL)^2 < 0
adamstgBit
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December 19, 2011, 06:10:48 AM
 #6

Is the Santa Manipulator still taking requests?
Please don't rally til after February..    my funds are tied up in other more boring things til then Sad


I would like to add my Christmas wish!  Please don't rally til my funds arrive from dwolla...  just a few more days..

fuck that, RALLY! i could use more purchasing power  Cheesy

Cluster2k
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December 19, 2011, 06:13:39 AM
 #7

The rocket is secretly taking off?  I didn't know Pyongyang's news department was reporting on bitcoin.

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NamelessOne
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December 19, 2011, 06:24:42 AM
 #8

It keeps looking like someone REALLY wants it to stay at 3.20. Keep selling and selling to 3.20.
RyNinDaCleM
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December 19, 2011, 06:27:32 AM
 #9

It keeps looking like someone REALLY wants it to stay at 3.20. Keep selling and selling to 3.20.

I see that too!

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December 19, 2011, 06:30:53 AM
 #10

Yeah, it has happened multiple times since i posted too. Like come on, stop trying to kill the rally! It looks like a person... or a person who created a bot, to prevent a rally. Perhaps one of these 'stabilizing bots' people have been talking about. If so, I don't like this, haha.
teflone
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December 19, 2011, 06:33:13 AM
 #11

too me that always was trading lag... ?

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RyNinDaCleM
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December 19, 2011, 06:37:35 AM
 #12

Apparently others don't like the boring stability!  Tongue

But, it sure is great placing orders on both sides over and over again, watching them get executed nearly instantly.

JohnOliver
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December 19, 2011, 06:46:24 AM
 #13

A new ask wall just went up at 3.26. Houston, we have a problem?
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December 19, 2011, 06:48:42 AM
 #14

All that volume, just to end up at the same price as we started.  Huh
Someone wants to keep it down, and is still trying.

NamelessOne
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December 19, 2011, 06:54:08 AM
 #15

This 'benevolent stabilizer' crap is very annoying.
Crypt_Current
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December 19, 2011, 07:00:58 AM
 #16

This 'benevolent stabilizer' crap is very annoying.

Word that... extremely annoying

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JohnOliver
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December 19, 2011, 07:02:09 AM
 #17

This 'benevolent stabilizer' crap is very annoying.

Annoying indeed. Whoever they are, they just spent nearly $100k in the last 30 minutes stabilizing the price.

I honestly cannot see how a speculator could benefit from having the price stabilized.
Yes, stable prices are good for bitcoin evangelization.
Yes, stable prices are good for bitcoin merchants.
But no, stable prices are not good for speculators.
notme
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December 19, 2011, 07:05:07 AM
 #18

This 'benevolent stabilizer' crap is very annoying.

Annoying indeed. Whoever they are, they just spent nearly $100k in the last 30 minutes stabilizing the price.

I honestly cannot see how a speculator could benefit from having the price stabilized.
Yes, stable prices are good for bitcoin evangelization.
Yes, stable prices are good for bitcoin merchants.
But no, stable prices are not good for speculators.

What's good for evangelicals and merchants is good for speculators who are long.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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old_engineer
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December 19, 2011, 07:11:38 AM
 #19

But, it sure is great placing orders on both sides over and over again, watching them get executed nearly instantly.
Agreed - that was a fun few minutes, though I was a bit late to the excitement and only made about 10 btc on the volatility:


And I'm really amused at the butthurt that a few bull speculators are feeling because the price isn't moving.  You know this is the first decentralized crypto currency, not your personal piggy bank, right?  And it looked like only 12k btc that someone sold into the attempted rally, not $100k USD.  And no, it wasn't me this time.

I think there's someone with a whole bunch of btc that wants to diversify their holdings.  I'm just glad that he/she is selling into rallies, and not wholesale dumping on the market and driving the price (and confidence) through the floor.
JohnOliver
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December 19, 2011, 07:14:49 AM
 #20

This 'benevolent stabilizer' crap is very annoying.

Annoying indeed. Whoever they are, they just spent nearly $100k in the last 30 minutes stabilizing the price.

I honestly cannot see how a speculator could benefit from having the price stabilized.
Yes, stable prices are good for bitcoin evangelization.
Yes, stable prices are good for bitcoin merchants.
But no, stable prices are not good for speculators.

What's good for evangelicals and merchants is good for speculators who are long.

Perpetually increasing prices is actually bad for evangelicals, because it'll cause a repeat of the summer bubble. Bitcoin becomes harder to accept when it undergoes such unhealthy bubbles periodically.

Perpetually decreasing prices is annoying for merchants.
Perpetually increasing prices is annoying for customers, which results in lower sales, which in turn causes headaches for the merchants.
Which is why I said stable prices are good for merchants.
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