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Author Topic: RALLY TIME!!!  (Read 5833 times)
BTCurious
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February 22, 2012, 09:58:42 PM
 #21

Wall gone, Rally start, Mtgoxlive down. GG.

Fix your API Mtgox! You're making way too much money with such a lousy and failing API.
http://www.btccharts.com/

btccharts.com is good, very good, but it's not a complete replacement for the Mtgox API. A lot more programs/websites depend on the API.
Of course. I figured for you personally it would work though, since you mentioned mtgoxlive specifically.

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kokjo
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You are WRONG!


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February 22, 2012, 10:01:29 PM
 #22

here we go again... buybuybuy-sellsellsell

"The whole problem with the world is that fools and fanatics are always so certain of themselves and wiser people so full of doubts." -Bertrand Russell
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February 23, 2012, 03:06:26 AM
 #23

Looks like this attempt at a rally is failing. The two latest peaks or waves on the daily charts are lower than the previous ones. Expect a bigger drop next.
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February 23, 2012, 03:12:01 AM
 #24

there were damaged peaks..

Due to crazy walls

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February 23, 2012, 04:39:53 AM
 #25

there were damaged peaks..

Due to crazy walls
I love walls... They make everyone go crazy and/or get bitchy.

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ineededausername
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February 23, 2012, 05:24:59 AM
 #26

Wall got smaller in the last few hours, it's now 4k BTC Smiley
Bid side filling up nicely!
Get ready.. something might happen Grin

(BFL)^2 < 0
ineededausername
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February 23, 2012, 05:28:43 AM
 #27

It's starting! Everyone tune in!

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February 23, 2012, 05:35:08 AM
 #28

We can have one but it's not here yet. $4.80 and I will call a rally.
Are we close enough, now?

Don't mix your coins someone said isn't legal
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February 23, 2012, 05:41:09 AM
 #29

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
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February 23, 2012, 05:41:59 AM
 #30

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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ineededausername
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February 23, 2012, 05:48:03 AM
 #31

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

yes, seriously.  If all the sellers just gathered up their coins and moved up, the price would go up Wink
sarcasm

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bitcoinTrader
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February 23, 2012, 05:50:37 AM
 #32

Buy Buy

SlaveInDebt
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February 23, 2012, 05:59:26 AM
 #33

Up! Then down, down, down  Wink

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February 23, 2012, 06:02:36 AM
 #34

I'm thinking this might be due to people liquidating their short positions from $6. Who knows where we are going to end up after all this.
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February 23, 2012, 06:04:04 AM
 #35

I'm thinking this might be due to people liquidating their short positions from $6. Who knows where we are going to end up after all this.

3.8

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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zvs
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February 23, 2012, 06:30:06 AM
 #36

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
notme
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February 23, 2012, 06:36:55 AM
 #37

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
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zvs
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February 23, 2012, 07:08:00 AM
 #38

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.

Dacentec, best deals for US dedicated servers. They regularly restock $20-$25 Opterons with 8-16GB RAM & 2x1-2TB HDD's (ofc, usually lots of other good stuff to choose from).  I did a Serverbear benchmark of one of my $20/mo Opteron (June last year), it's here.  Have had about a half dozen different servers with Dacentec, & none have failed to sustain at least 40MB/s (burst higher). My favorite is a 12-month rent-to-own ZT Systems 2XL5520 16GB 2x2TB SATA for $40/month (got lucky with the 'off-brand', haven't seen a RTO 2xL5520 for under $50/mo since -- at least for monthly contracts).  wholesaleinternet.com has some ancient 2-core intel CPUs @ $10/mo sometimes (I got an Intel Core 2 6300 @ 1.86GHz, with a 250GB HDD with 46000 hours on it, LOL. $20 @ Dacentec is much better, if you can grab one). joesdatacenter.com (same location as Wholesale Internet) also occasionally has specials (or if you don't want to wait, it has an AMD Opteron 170 @ $16/mo).
BTCurious
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February 23, 2012, 07:11:36 AM
 #39

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.
Some companies accept bitcoin, but don't want to run the risk of the rate changing too much. So they set up a huge sell order for a very low price, and just send all their bitcoins to MtGox, where they're instantly converted to USD.

notme
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February 23, 2012, 02:54:41 PM
 #40

sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.
Some companies accept bitcoin, but don't want to run the risk of the rate changing too much. So they set up a huge sell order for a very low price, and just send all their bitcoins to MtGox, where they're instantly converted to USD.

This.

https://www.bitcoin.org/bitcoin.pdf
While no idea is perfect, some ideas are useful.
12jh3odyAAaR2XedPKZNCR4X4sebuotQzN
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