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Author Topic: Rally!!!!!  (Read 76933 times)
beckspace
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July 03, 2012, 03:03:27 AM
 #741

Scary wall!! U$ 350.000,00 to tear down it. Not likely.

Rally called off.

But, it also looks like a manipulator move.

Some people don't want to see big movements far away from U$ 5.50 until a big part of Bitcoinica's refunds are completed.


You guys have really come up with somethin'
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TraderTimm
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July 03, 2012, 07:07:59 AM
 #742

A trading range plateau between 6.40 - 6.70 wouldn't be so bad either...

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July 03, 2012, 08:19:07 AM
 #743

That's probably right.  I still think $7.20 will provide some significant resistance.  There's still a chance $7.20 remains the 2012 high.

Proudhon, I think you would seriously suffer if ever you made money on rising prices  Wink

I am looking forward to a few months where the average price doesn't move and the difference between daily high and low is less than 3%. Let the exchanges make some money on statistical arbirtage.


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July 03, 2012, 12:15:32 PM
 #744

That's probably right.  I still think $7.20 will provide some significant resistance.  There's still a chance $7.20 remains the 2012 high.
I wonder what the market cap 2012 high will be though Smiley

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July 03, 2012, 01:24:02 PM
 #745

I am looking forward to a few months where the average price doesn't move and the difference between daily high and low is less than 3%. Let the exchanges make some money on statistical arbirtage.

I think we're in for many months of relatively stable prices, but I doubt the price will get stuck in that narrow a zone.  I think a move down into the $5s is likely, but slowly over the rest of the year.
GeniuSxBoY
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July 03, 2012, 01:32:03 PM
 #746

Now we know he has 35800 bitcoins and about $10,000 in cash on hand.


edit $20,000 now


edit: 32000 bitcoins and $27,000


edit: 29000 bitcoins and $45,000
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July 03, 2012, 01:43:55 PM
 #747

Now we know he has 35800 bitcoins and about $10,000 in cash on hand.


edit $20,000 now


edit: 32000 bitcoins and $27,000

Nice.  Hopefully he doesn't sell anymore.  Wink
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July 03, 2012, 01:47:23 PM
 #748

At this point he has probably made $100,000. The last time someone purchased 35,000 bitcoins was in the upper-mid $4 range.
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July 03, 2012, 01:50:27 PM
 #749

At this point he has probably made $100,000. The last time someone purchased 35,000 bitcoins was in the upper-mid $4 range.

Then he should take the rest of his absurd profit.
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July 03, 2012, 01:50:47 PM
 #750

Blatant manipulation... surprise!  Bidwall goes up right after huge sell, 0.3 under.

I hope this guy doesn't get away with it, but if he does, I'm joining in the manipulation Smiley

(BFL)^2 < 0
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July 03, 2012, 01:55:26 PM
 #751

Don't get caught with your pants down






 Grin
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July 03, 2012, 06:50:04 PM
 #752

Scary wall!! U$ 350.000,00 to tear down it. Not likely.

Rally called off.

But, it also looks like a manipulator move.

Some people don't want to see big movements far away from U$ 5.50 until a big part of Bitcoinica's refunds are completed.



+1 to the point!

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July 03, 2012, 07:47:15 PM
 #753

I'm aware of trading in EUR is mostly significantly higher than in USD. It seems to me that Europeans try do diversify their assets this pushing the price.

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.

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July 03, 2012, 08:44:50 PM
 #754

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.
The Europeans haven't solved anything yet. The Euro is in a very precarious situation. You're right on the US situation, they actually have it even worse, their problems are simply shadowed by the impending Euro situation.

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Vladimir
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July 03, 2012, 08:49:26 PM
 #755

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.



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July 03, 2012, 09:25:39 PM
 #756

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.

The question is only: Will you find anyone who takes this bet?  Grin

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July 03, 2012, 10:12:09 PM
 #757

I somehow think that the Euro disaster will take longer than expected. From what I've heard TPTB would like to last till at least till they got through with the American Union. So they can then phase in a world currency to replace the amero and the euro.

So in that respect the Euro collapse is tied to how long the dollar will last in respect to PM. So what I would propose is think of a way to back up bitcoins with private stacks of PMs and make it verifiable in some way.

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
GeniuSxBoY
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July 03, 2012, 10:40:32 PM
 #758

can you feel the squeeeeeeeeeeeeeeeeze?
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July 03, 2012, 11:25:34 PM
 #759

So in my opinion big selling walls will not stay for long. And if the Europeans will have solved their problems in some way, the ones of America will reoccur again.
The Europeans haven't solved anything yet. The Euro is in a very precarious situation. You're right on the US situation, they actually have it even worse, their problems are simply shadowed by the impending Euro situation.

It's ironic really how the corporate media propaganda machine in the US is blaming Europe for this new downturn when in fact they should be thankful Europe's lack of outright demonetization of debt by the ECB in order to keep the rates down exposed our problems first and diverted the limelight and focus away from the US which has the very same exact problem but by a huge amount worse.

My personality type: INTJ - please forgive my weaknesses (Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right)

If however you enjoyed my post: 15j781DjuJeVsZgYbDVt2NZsGrWKRWFHpp
TraderTimm
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July 04, 2012, 12:12:22 AM
 #760

Bitcoin will be alive and kicking long after EURO demise, and it all will not take that long.

The question is only: Will you find anyone who takes this bet?  Grin

I'm on the same side as Vladimir. Bitcoin will outlast the Euro and the Dollar.

fortitudinem multis - catenum regit omnia
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