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Author Topic: Gold collapsing. Bitcoin UP.  (Read 1808474 times)
blaaaaacksuit
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September 13, 2014, 10:29:33 PM
 #12001

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree.  Traders are most definitely more concerned with if bitcoin will even be around two years from now.  Factoring in a block reward halving two years from now seems asinine.
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cypherdoc
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September 13, 2014, 10:37:07 PM
 #12002

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  Cheesy

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree.  Traders are most definitely more concerned with if bitcoin will even be around two years from now.  Factoring in a block reward halving two years from now seems asinine.

it's just a ploy on their part to try and convince all the weak hands that we will never see new highs and that Bitcoin is finished.  don't be fooled.
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September 13, 2014, 11:10:38 PM
 #12003

cypherdoc, I have tried to run bitcoin-qt on
 http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO  :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)
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September 13, 2014, 11:28:12 PM
 #12004

cypherdoc, I have tried to run bitcoin-qt on
 http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO  :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)


so you copied the blockchain from one of your existing pc's?

how long would it take to download blockchain from network?
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September 14, 2014, 12:12:04 AM
 #12005

>so you copied the blockchain from one of your existing pc's?
yes

>how long would it take to download blockchain from network?
hours(days/minutes) ? .. I do not know .. It depends on connection speed. Theory says I'm able to write on my SSD 400 MB/s what is 65 sec (for 26 GB). Tongue

Edit:
Manufacturer says I can write 45 MB/s to SD, but reality is only 20 MB/s. .. My laptop is 3 years old.
Zarathustra
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September 14, 2014, 10:11:54 AM
 #12006

Halving date sooner than estimated.

http://bitcoinclock.com/

The clock is limping behind the time. One year ago, it showed end of october 2016.

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
cypherdoc
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September 14, 2014, 02:18:23 PM
 #12007

Moving up
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September 14, 2014, 02:22:16 PM
 #12008

This picture, along with the majority of volume being Chinese, tells you China is not over :
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September 14, 2014, 02:30:31 PM
 #12009

Thank you to the whale (short coverer?) who simply smashed that 3000 btc wall down the other night. Also thanks to the little bulls who helped take out all the little sellers who were panic front running the blocking wall.

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September 14, 2014, 10:18:35 PM
 #12010

nice gap down.  i'm sure they'll have this corrected by morning:

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September 14, 2014, 10:38:53 PM
 #12011

the PPT better get crackin':



oops, wrong asset.
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September 14, 2014, 10:42:16 PM
 #12012

uh oh, back under:

RickyRickyyyy
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September 14, 2014, 10:53:54 PM
 #12013

China and BTC = future
USD and EUR = fucked
cypherdoc
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September 14, 2014, 11:09:59 PM
 #12014

nice gap down.  i'm sure they'll have this corrected by morning:



actually, most Bitcoiners are spoiled by 24/7 markets. 

just look at how unfair this Dow futures market is for the average investor.  the Dow runs up fast at the end of the normal trading day on Friday going into 4PM EST.  now, Sunday evening, they gap the futures market down -60 as of now.  it could get much worse by tomorrow morning but all the while, average investors that don't trade futures, are trapped to deal with tomorrow morning's opening tick.  i see this crap all the time, especially with after hours earnings reports which gap up or down up to 20%.  it's unfair for most investors.
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September 15, 2014, 12:07:53 AM
 #12015

i see this crap all the time, especially with after hours earnings reports which gap up or down up to 20%.  it's unfair for most investors.

As an investor in stocks, you can't afford not to sell some option premium against what you hold, especially around earnings reports. I had stocks go 30% against me after earnings and I would've never been able to recover those positions if it wasn't for half a year of selling calls against them.

Be a voice, not an echo
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September 15, 2014, 04:39:45 AM
 #12016

more Japan:

http://www.zerohedge.com/news/2014-09-14/why-collapse-abenomics-important-its-large-scale-failure-keynesian-stimulus-real-tim
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September 15, 2014, 04:48:10 AM
 #12017

Wednesday we should get some fireworks from the FOMC meeting followed by Thursday fireworks from Scotland:

http://www.calculatedriskblog.com/2014/09/fomc-preview-more-tapering.html

http://www.zerohedge.com/news/2014-09-14/china-bad-news-scotland-no-news-send-futures-lower
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September 15, 2014, 04:49:51 AM
 #12018

Snowden on New Zealand lying:

https://firstlook.org/theintercept/2014/09/15/snowden-new-zealand-surveillance/
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September 15, 2014, 07:28:28 AM
 #12019

I hope this joke can be retold about the banks in the near future.

"The US Postal service lost $2 billion last quarter. Postal officials are busy emailing each other wondering how this could happen."
Zarathustra
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September 15, 2014, 08:01:43 AM
 #12020


Scottish Independence Referendum Outcome Betting Odds: 1:4

http://www.oddschecker.com/politics/british-politics/scottish-independence/referendum-outcome

"Staat nenne ich's, wo alle Gifttrinker sind, Gute und Schlimme: Staat, wo alle sich selber verlieren, Gute und Schlimme:
Staat, wo der langsame Selbstmord aller – »das Leben« heisst."
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