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kryptopojken (OP)
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June 05, 2014, 07:34:49 AM |
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A market buy of 15837 BTC takes the price to $8000
A market sell of 27452 BTC takes the price to $50
Discuss
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the_sunship
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June 05, 2014, 07:45:18 AM |
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Neither will happen.
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Raystonn
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June 05, 2014, 07:46:37 AM |
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A market buy of 15837 BTC takes the price to $8000
A market sell of 27452 BTC takes the price to $50
Discuss
All else equal, and it never is, that means it's much more likely price will go to $8000 before $50. |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 05, 2014, 07:46:41 AM |
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Don't tell me what to discuss.
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Raystonn
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June 05, 2014, 07:47:40 AM |
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Don't tell me what to discuss.
Don't tell him what not to tell you. |
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Dragonkiller
Sr. Member
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Activity: 378
Merit: 250
Super Smash Bros. Ultimate Available Now!
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June 05, 2014, 07:48:51 AM |
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Don't tell me what to discuss.
Don't tell him what not to tell you. Don't tell me what not to tell him  |
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Raystonn
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June 05, 2014, 07:50:45 AM |
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Don't tell me what to discuss.
Don't tell him what not to tell you. Don't tell me what not to tell him Don't... ah... just don't sell.  |
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kryptopojken (OP)
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June 05, 2014, 10:16:43 AM |
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I'm just spreading information  |
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BTCfan1
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June 05, 2014, 10:22:04 AM |
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11 mil seems like a small amount of money when wall st. is about to get in the game
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10c
Full Member
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Activity: 658
Merit: 100
BuyAnyLight - Blockchain LED Marketplace
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June 05, 2014, 10:33:42 AM |
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now factor in all the other exchanges...  |
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blatchcorn
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June 05, 2014, 11:03:28 AM |
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This is just a snapshot perspective. The reality is that if a price crash were to happen, huge buy walls would quickly be established by bulls
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jcoin200
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June 05, 2014, 05:13:39 PM |
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11 mil seems like a small amount of money when wall st. is about to get in the game
I agree. It seems like the nature of bitcoin (seeing how there are only 12 million or so in circulation right now) is to go up in value. 1 single person could double BTC overnight hypothetically (or triple or quadruple!) |
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Dalmar
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June 05, 2014, 05:19:49 PM
Last edit: June 05, 2014, 05:36:52 PM by Dalmar |
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Most traders and miners have price alerts set on their phones... As price moves fast, the bids/asks will change rapidly as well. There's no point in looking at orders far off from price action.
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Benjig
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June 05, 2014, 06:02:09 PM |
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Yes the current buy orders today means nothing, if the price were starting to crash i see the bulls putting so huge walls and the price wouldnt go below 350.. it would bounce back instantly
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xybersurfer
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June 05, 2014, 06:39:52 PM |
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it's exactly like Benjig says
the order book can change very fast when things start going a different direction. i've watched it during times of high volume. the balance keeps changing usually
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ShakyhandsBTCer
Sr. Member
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Merit: 250
It's Money 2.0| It’s gold for nerds | It's Bitcoin
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June 14, 2014, 09:42:18 PM |
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These are not really accurate numbers. They are only the numbers that have been entered into the market.
There are a lot of money and btc sitting at exchanges waiting to be traded when the price is right.
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