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Author Topic: Crash!!!!  (Read 25233 times)
myself
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March 31, 2012, 07:59:50 PM
 #1

Grin

i know you like this kind of threads after a rally, just relax, business like usual bitcoin price go up and down, it never ends
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March 31, 2012, 08:39:28 PM
 #2

everyone awaiting the 1st April Mt. Gox 1 week half price commission sale before doing their business, be it up or down


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March 31, 2012, 08:44:17 PM
 #3

Is this a Dump and Sump?

as opposed to a Pump and Dump.

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March 31, 2012, 09:42:35 PM
 #4

Tomorrow is going to be a huge day... up or down.


half price fees.

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March 31, 2012, 09:49:48 PM
 #5

Tomorrow is going to be a huge day... up or down.


half price fees.

Just a guess. But is the BitCoin economy based on traditional currencies or BTC?

If it is BTC, then people will buy BTC for slightly cheaper BitCoins.

If it is USD/EUR/etc... they will sell BTC for greater profits.

Or a combination of both and stay the same.

Let us see which way it goes.


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March 31, 2012, 11:34:52 PM
 #6

we will go down because moneys value is 999...9% lower that actual value

Notice how they always forget the decimal point/comma just so they can have an upside down 666 on silver? Cheesy
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April 01, 2012, 03:44:42 AM
 #7

It's April 1st... where's the volume?

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April 01, 2012, 03:46:56 AM
 #8

april fools!

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April 01, 2012, 04:37:38 AM
 #9

lol crash , a selloff with a discount on fees!! april fools

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April 01, 2012, 12:15:01 PM
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lol
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April 02, 2012, 06:19:23 AM
 #11

Grin

i know you like this kind of threads after a rally, just relax, business like usual bitcoin price go up and down, it never ends
Price goes up, Price goes down.

You can't explain that!

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April 02, 2012, 07:07:38 PM
 #12

was that mostly placed before, during or after the spike up to break $5 did you happen to notice - I would expect quite a bit just before but only guessing as I wasn't watching bitcoinica

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April 02, 2012, 07:35:20 PM
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in one hour the volume on bitcoinica went from 3k to 30k   

 Grin
Inside knowledge or stampeding sheep?
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April 03, 2012, 04:37:20 PM
 #14

why so silent ppl ?  you did short at 5 did you ?



yep

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April 06, 2012, 08:57:43 AM
 #15



hmm 0.07


also the volume on bitcoinica is damn low 3,9k

Maybe a good time to go short, that is IF you have enough capital, because I don't think any down moves will be very large or significant.  Better to use the opportunity to pump up any longs, that is in the case that we move down to the 4.6-4.7 ...  I personally don't think we'll breach 4.55.

But:  If it dips below 4.3 ... Pump up a short hard if you can.  Wish I had more to play with ;-P

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April 07, 2012, 02:27:15 AM
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April 07, 2012, 02:31:35 AM
 #17

do we call that a  breakout ?

we call it stagnation

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April 07, 2012, 02:34:09 AM
 #18




Damn straight !!!

Corporations have been enthroned, An era of corruption in high places will follow and the money power will endeavor to prolong its reign by working on the prejudices of the people until wealth is aggregated in a few hands and the Republic is destroyed. ~Abe Lincoln 1ApJdWUdSWYw8n8HEATYhHXA9EYoRTy7c4
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April 07, 2012, 11:38:09 AM
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I guess this Easter won't be like the last one. 
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April 07, 2012, 11:54:11 AM
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I guess this Easter won't be like the last one. 

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April 07, 2012, 12:47:27 PM
 #21

What a surprise  Wink.  Too bad the previous correction never got a chance to finish, it may have gone lower but it would likely be rallying by now.

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April 07, 2012, 01:01:33 PM
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Rally time.. *puts on rally-cap*
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April 07, 2012, 01:22:59 PM
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Rally time.. *puts on rally-cap*

You're gonna look silly at the party with that hat on.
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April 07, 2012, 01:24:17 PM
 #24

Rally time.. *puts on rally-cap*

You're gonna look silly at the party with that hat on.
I am all out of  tinfoil.
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April 07, 2012, 01:34:19 PM
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I wouldn't be the least bit surprised to see the price touch $2 again this year.  Tongue
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April 07, 2012, 03:00:47 PM
 #26

I wouldn't be the least bit surprised to see the price touch $2 again this year.  Tongue
I reckon we'll see some extreme price volatility around the 9th of December (approx.) when the block reward is halved.
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April 07, 2012, 03:42:48 PM
 #27

What a surprise  Wink.  Too bad the previous correction never got a chance to finish, it may have gone lower but it would likely be rallying by now.
I’m not going to trade this. I don’t care if it goes back to the 3s.

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April 07, 2012, 03:52:15 PM
 #28

now if the 40k order is canceled the shitstorm starts

Is that when shit starts hitting the fan?

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April 07, 2012, 04:39:44 PM
 #29

and the 40k wall is gone   Grin Grin




Is that when shit starts hitting the fan?
yes


Not surprised.  I'm staying the fuck away from this.  Sharks are out for blood and bitcoins.
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April 07, 2012, 04:46:52 PM
 #30

Not surprised.  I'm staying the fuck away from this.  Sharks are out for blood and bitcoins.
Exactly. Have a look at https://bitcoinica.com/pages/interest and see -0.1 for shorts, the lowest it’s ever been.

Some Wall St. sharks are trying to depress the price (probably them who set the wall up in the first place) to accumulate hard is what I suspect.

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April 07, 2012, 04:51:47 PM
 #31

 Bitches.
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April 08, 2012, 12:11:37 AM
 #32

proudhon u dint short ? Shocked

Fuck no.  I'm not playing at this short term game anymore.  Over the past year I've snatched up more bitcoins than I'll ever need and I don't want to risk losing any of them.  Crash the price.  I simply give no fucks anymore.  I've paid back my initial investment already.
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April 08, 2012, 12:17:51 AM
 #33

I am always amazed how proudhon has transformed from his condition in fall/winter …

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April 08, 2012, 12:34:03 AM
 #34

I am always amazed how proudhon has transformed from his condition in fall/winter …
he is long time investor  Grin

Amazing, eh?  I hope he doesn't go back to that condition...

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April 08, 2012, 04:58:54 AM
 #35

I am always amazed how proudhon has transformed from his condition in fall/winter …
he is long time investor  Grin

Amazing, eh?  I hope he doesn't go back to that condition...

Wouldn't that be the ultimate bullish signal?

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April 08, 2012, 05:04:29 AM
 #36

G'night everyone.  Enjoy the show.
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April 08, 2012, 08:51:17 PM
 #37

now if the 40k order is canceled the shitstorm starts

All the way to $4.6 and back.. was that the shitstorm you were talking about?  Tongue

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April 09, 2012, 12:10:49 AM
 #38

Myself, your "Rally!!!!" thread seemed to get a lot more responses in a shorter time than the "Crash!!!!" thread. Were you able to get any useful findings about bullish sentiment? Or is it all a bit contrarian? Smiley
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April 10, 2012, 09:38:06 PM
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Were you able to get any useful findings about bullish sentiment? Or is it all a bit contrarian? Smiley
is just the bitcoin dream, to the moon and stuff,  also many ppl say this
Quote
First they ignore you, then they laugh at you, then they fight you, then you win.
we are still at first stage, can you imagine what we can get at stage 3; block USD/EUR deposits, block most ways to get fiat in or out of the system, charging ppl and put them on jail etc then you can see the true bullish sentiment, the day u cant exchange btc for fiat then btc wins, the the true value will show up, until then we just get a large amount of ppl who hope to get rich  by one lucky strike, sell bitcoin at the moon price, cash out and retire.

Well at least we can find out if its made of cheese or not!!
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April 10, 2012, 09:58:18 PM
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Were you able to get any useful findings about bullish sentiment? Or is it all a bit contrarian? Smiley
is just the bitcoin dream, to the moon and stuff,  also many ppl say this
Quote
First they ignore you, then they laugh at you, then they fight you, then you win.
we are still at first stage, can you imagine what we can get at stage 3; block USD/EUR deposits, block most ways to get fiat in or out of the system, charging ppl and put them on jail etc then you can see the true bullish sentiment, the day u cant exchange btc for fiat then btc wins, the the true value will show up, until then we just get a large amount of ppl who hope to get rich  by one lucky strike, sell bitcoin at the moon price, cash out and retire.

Couldn't have said it better myself... than myself  Cheesy
However, I am NOT looking forward to the "fight" part of this process...  Undecided

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April 10, 2012, 10:51:47 PM
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we are still at first stage, can you imagine what we can get at stage 3; block USD/EUR deposits, block most ways to get fiat in or out of the system, charging ppl and put them on jail etc then you can see the true bullish sentiment, the day u cant exchange btc for fiat then btc wins, the the true value will show up, until then we just get a large amount of ppl who hope to get rich  by one lucky strike, sell bitcoin at the moon price, cash out and retire.
Right now Bitcoin has an underdog mentality. But at stage 3, who's blocking who? Cheesy
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April 10, 2012, 10:52:13 PM
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April 11, 2012, 09:23:56 AM
 #43

10:1 at bitcoinica is so 2011  Grin

SOOOOOOOOOOOOOO fucking 2011
FTFY  Cheesy

Where's the 50:1?  Bring it on  Grin

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April 11, 2012, 06:50:33 PM
 #44

UP?Huh  Grin

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April 11, 2012, 07:16:30 PM
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UP?Huh  Grin
it only take 100k USD to get at 4,95  Grin

I know.  Isn't that awesome!
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April 11, 2012, 08:13:22 PM
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It is struggling with 4.90 isn't it?

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May 11, 2012, 12:08:18 AM
 #47

We're crashing

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May 11, 2012, 12:14:43 AM
 #48

short squeeze any moment now

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May 11, 2012, 12:59:11 AM
 #49

short squeeze any moment now

Bounce

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May 11, 2012, 01:05:25 AM
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what a lame selloff by one guy.
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May 11, 2012, 01:07:54 AM
 #51

My prediction: even less panic than during the previous sell-offs, possibly a strong rebound afterwards. Short squeeze is possible as well I suppose.

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May 11, 2012, 01:14:39 AM
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You guys and your short squeeze messiah.  He isn't coming.  
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May 11, 2012, 01:16:01 AM
 #53

You guys and your short squeeze messiah.  He isn't coming.

I bet that's what you said last time too...

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May 11, 2012, 01:18:18 AM
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Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.
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May 11, 2012, 01:22:28 AM
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Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.

Dave says no.
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May 11, 2012, 01:27:23 AM
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Totally agree.  I think this move will end up being the start of a decisive move out of the trading range we've been stuck in, and I don't think it's going to be a move up.  This was the most bearish thing I'd seen in a long time and it convinced me that I ought to stay in cash.

Sorry, I wish things looked differently, but I think the remainder of 2012 and into 2013 will be quite depressing.

THAT is your reason?

this last selloff was clearly a manipulation move by one player and it's already failed.

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 
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May 11, 2012, 02:08:23 AM
 #57

this last selloff was clearly a manipulation move by one player and it's already failed.

It was a lame 'crash', but at least it let me hit my buy order at $4.85 and sell soon afterwards for an easy profit.  All is good as long as people don't do something stupid like panic and drop the price much further.  I wouldn't like that  Cheesy

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 

I wouldn't call the current gold/silver action a crash.  Where's all that money going?  Repaying debt and another gambling, I mean, trading losses.  I'm pretty confident in saying virtually nothing is heading towards bitcoin.

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May 11, 2012, 02:16:26 AM
 #58

the gold and silver crash is continuing right as we speak.  where's all that money going to go? 

I wouldn't call the current gold/silver action a crash.  Where's all that money going?  Repaying debt and another gambling, I mean, trading losses.  I'm pretty confident in saying virtually nothing is heading towards bitcoin.

+1
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May 11, 2012, 02:20:18 AM
 #59

I'm pretty confident in saying virtually nothing is heading towards bitcoin.

i wouldn't be so sure about that.  the general risk asset selloff is going to be huge especially after what's happened to JPM tonite.  yes, the USD is going to go up and UST's a bit.  but traders HATE being in simple cash, as in USD's, and they're increasingly hating UST's.  there's no return and they are in fact risky. 

i'm pretty sure the smart investors, especially the one's who've been in gold/silver, will take a flier on digital cash (Bitcoin) that has huge upside potential.  after all, it's worth 5 times one USD after just 3.5 yrs of existence whereas all other fiat currencies are close to parity.
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May 11, 2012, 02:30:19 AM
 #60

I'm pretty confident in saying virtually nothing is heading towards bitcoin.

...  and they're increasingly hating UST's.

I'm sure this is true.  This is why there will be QE3 and once QE3 happens, next year I guess, then there will be a long slow rise in gold to over $2000.

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May 11, 2012, 03:57:17 PM
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Someone better start buying or this baby is gonna be at 2 again..
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May 11, 2012, 05:07:35 PM
 #62

Someone better start buying or this baby is gonna be at 2 again..

Don't worry, I've got it covered with a $60 bid wall at $4.

Whew!, for a second I was worried Wink
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May 11, 2012, 05:19:52 PM
 #63

I'd say the price is holding quite well.

On the bright side, Bitcoin will be getting some more exposure.  Roll Eyes

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May 11, 2012, 08:25:15 PM
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He was talking about this thread.
https://bitcointalk.org/index.php?topic=80126.0

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May 11, 2012, 09:17:25 PM
 #65

after all, it's worth 5 times one USD after just 3.5 yrs of existence whereas all other fiat currencies are close to parity.

Meaningless. Japanese yen is worth about a penny, therefore it is automatically a bad investment?
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June 18, 2012, 06:36:16 AM
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I've never posted in the Crash!!!!-thread before... let's see what happens next...

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June 18, 2012, 06:40:49 AM
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I've never posted in the Crash!!!!-thread before... let's see what happens next...

Time to get out your shorts...  Or you are hopping on the short-bus?

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June 18, 2012, 06:45:27 AM
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I've never posted in the Crash!!!!-thread before... let's see what happens next...

Time to get out your shorts...  Or you are hopping on the short-bus?

I have nothing to hedge and I don't short for fun.

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June 22, 2012, 05:01:14 AM
 #69

there was some miss leading on the last report. some successive drawdowns were treated as different drawdowns, that's not appropriate, just as shown by bitcoinbitcoin113, from 10/17/2011 to 10/19/2011.

new report is here:

https://bitcointalk.org/index.php?topic=74890.msg981973#msg981973

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June 22, 2012, 09:12:24 AM
 #70

Here you go:

Code:
# end of crash date Precrash close Post crash close Drawdown Duration(days)
8 7/22/2010 0.08 0.05 -45.00% 1
7 11/8/2010 0.39 0.24 -47.30% 2
2 11/9/2010 0.39 0.21 -61.90% 3
1 6/11/2011 29.6 14.65 -70.30% 3
10 8/3/2011 13.53 9.26 -37.90% 4
5 8/6/2011 10.75 6.55 -49.50% 2
9 9/10/2011 7.19 4.77 -40.90% 3
6 10/17/2011 4.15 2.56 -48.30% 5
4 10/18/2011 4.15 2.42 -54.00% 6
3 10/19/2011 4.15 2.27 -60.30% 7

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June 22, 2012, 09:18:23 AM
 #71

Some of these greedy Bitcoinica fucks are getting 50% of their funds back. Predictable.  Wink

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June 22, 2012, 09:26:18 AM
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something got messed up in the above charts... the timepoints don't add up but whatever.
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June 22, 2012, 11:53:53 AM
 #73

something got messed up in the above charts... the timepoints don't add up but whatever.

It does look messed up Wink
What about compiling a graph that show the largest crashes as a bar chart by total or relative drawdown and that has on top of each bar a pie wich indicates the duration of the crash. A full pie means 7 days (the highest duration) and an empty pie means 0 days.
Do you get me?

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June 22, 2012, 12:07:07 PM
 #74



That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

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June 22, 2012, 12:17:51 PM
 #75

Hm.. There were always a gigher high and higher lows. To speculate on a head and shoulder its to early. To speculate on this there needs to be a low at 6 and a high at 6.5. Before its to early to speculate on this.

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June 22, 2012, 12:29:57 PM
 #76



That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this.
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June 22, 2012, 01:26:19 PM
 #77

edit the data.

1. treat successive drawdowns as a single drawdown, but not different ones.

The largest 20 crashes on mtgox trading history.
as of 2012-6-22

During every "crash", the daily performance should be always negative. "Duration days" mean how many days that the mtgox price drop without a daily bounce. For example, at the end of 2011-10-19, the mtgox exchange rate lose 60.3% from 2011-10-12, without a single daily positive daily performance.

the drawdowns are caculated in natural logarithm, drawdown=ln(pt/p0)

use only the "close price" only, which ignored the highest and lowest price during the trading days.

anyone please make it a table on this forum? I do not know how to use it.

#   End of the crash   Drawdowns   Durations   Pre-crash close price   Post-crash close price
1   2011-6-11   -70.3%   3    29.60     14.65
2   2010-11-9   -61.9%   3    0.39     0.21
3   2011-10-19   -60.3%   7    4.15     2.27
4   2011-8-6   -49.5%   2    10.75     6.55
5   2010-7-22   -45.0%   1    0.08     0.05
6   2011-9-10   -40.9%   3    7.19     4.77
7   2011-8-3   -37.9%   4    13.53     9.26
8   2011-5-20   -36.3%   4    8.03     5.59
9   2011-11-14   -32.7%   3    3.08     2.22
10   2012-2-16   -32.5%   6    5.91     4.27
11   2010-11-30   -31.2%   4    0.28     0.21
12   2010-12-5   -29.4%   3    0.26     0.19
13   2011-8-26   -29.1%   3    10.94     8.18
14   2011-9-17   -24.2%   5    6.08     4.77
15   2011-9-6   -23.0%   4    8.64     6.86
16   2011-10-8   -22.8%   7    5.03     4.01
17   2010-11-16   -22.4%   2    0.28     0.22
18   2012-1-17   -22.3%   2    7.00     5.60
19   2011-11-18   -22.2%   2    2.56     2.05
20   2011-10-24   -22.0%   1    3.17     2.55

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June 22, 2012, 02:12:07 PM
 #78

Looks like this thread was bumped to the top just in time.

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June 22, 2012, 02:17:42 PM
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Looks like this thread was bumped to the top just in time.



Buying at $5.xx and selling above 6.50 is damn good too.
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June 22, 2012, 02:20:48 PM
 #80

lol, we r goin down!
Next stop: 6.20-6.30$

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June 22, 2012, 02:23:10 PM
 #81

Quick, everyone do the same thing!
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June 22, 2012, 02:24:04 PM
 #82

Remember that orderbook flipping I talked about a day or two ago...
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June 22, 2012, 02:51:43 PM
 #83

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

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June 22, 2012, 02:54:32 PM
 #84

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.
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June 22, 2012, 03:02:06 PM
 #85

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

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June 22, 2012, 03:12:52 PM
 #86

Remember that orderbook flipping I talked about a day or two ago...

Bitcoin trading has been different than before. If there is going to be some crash( and I think will), the drawdown will be quite smaller than before.

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June 22, 2012, 03:17:18 PM
 #87

Panic makes selling too hard, what makes late seller loose cause early sellers rebuy
Just for your information
So im happy if you sell me coins for 6-6.3

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Did I say that?
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June 22, 2012, 03:31:18 PM
 #88

A question that time and time again crosses my mind:
Does the volume on bitcoincharts.com actually reflect only one side or both sides of a trade?

Lets say I sell 10 BTC to you and you buy it from me, does it reflect on the charts as a volume of 10 or 20 BTC?

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June 22, 2012, 03:35:09 PM
 #89

one side is BTC another USD or other currency, so each trade registers BTC/USD,etc volume; if you trade 10 BTC it's 10 BTC plus whatever other currency was used that make up volume
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June 22, 2012, 03:40:33 PM
 #90

Hmm that sounds even better then what I thought of!

But it still ocurrs to me that they always display more volume then has actually been traded. Just watch any big moves for 1 hour and afterwards compare your results with bitcoincharts.com. When for example a big wall of X BTC gets eaten, it displays 2times that amount on bitcoincharts.

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June 22, 2012, 03:53:01 PM
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So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?
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June 22, 2012, 04:10:15 PM
 #92

lol, we r goin down!
Next stop: 6.20-6.30$

lol holy shit the last time I checked (maybe a couple weeks ago?) we were at $4.9X.  If $6.20-6.30 is considered ”down” now, then I hope we crash and burn lol

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June 22, 2012, 04:30:17 PM
 #93

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?
+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!

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June 22, 2012, 04:32:39 PM
 #94

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?
+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!


So that's why the economy is in trouble.
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June 22, 2012, 04:46:10 PM
 #95

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?
+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!


So that's why the economy is in trouble.

No, it's not because the hoarding that the economy is in trouble. "Hoarding" means people treat the capital, behind which there are economy resourses,  in a very serious way. Over consumption, over debt leverage and over stock investment is source of today's economy trouble. Economy resources have been wasted.  If there are more people "hoard", the economy resourse will only be put where value is created.

What I am doubting with, is not the "hoarding is a problem", but whether bitcoin will really make people
"hoarding" the money? People put money into the Pirate40 HIY program and other ponzi schemes in the bitcoin economy, are people really hoarding the money?  I don't think so.

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June 22, 2012, 05:04:31 PM
 #96

So, you're mostly doing what is known as the ultimate problem of Bitcoin: hoarding.

Why hoarding is a problem? Is hoarding ultimate problem of gold too?
+1

Is hoarding ultimate problem of USD too? Warrent Buffet said he is always holding more than 20B USD!


So that's why the economy is in trouble.

No, it's not because the hoarding that the economy is in trouble. "Hoarding" means people treat the capital, behind which there are economy resourses,  in a very serious way. Over consumption, over debt leverage and over stock investment is source of today's economy trouble. Economy resources have been wasted.  If there are more people "hoard", the economy resourse will only be put where value is created.

What I am doubting with, is not the "hoarding is a problem", but whether bitcoin will really make people
"hoarding" the money? People put money into the Pirate40 HIY program and other ponzi schemes in the bitcoin economy, are people really hoarding the money?  I don't think so.

I was just kidding, BTW.
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June 22, 2012, 05:05:44 PM
 #97

OH SHIT! I just discovered, that I had all my funds sitting at Gox in BTC! Luckily converted them for a "good" price back to USD.
Alright, Im set. LET THE CRASHING BEGIN!!!

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June 22, 2012, 05:08:39 PM
 #98

The market now is starting some turbulence. it will be a very small wave during the bitcoin history, but I think 10% profit is huge for every Spekulatius.

If someone can just avoid half of the largest 20 crashes in the history, he will be 1288x richer than he always hold the bitcoin.

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June 22, 2012, 06:02:18 PM
 #99

just don't miss the 20 largest rises...
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June 22, 2012, 06:09:05 PM
 #100

just don't miss the 20 largest rises...

a 50% crash needs a 100% rises to cover. and most of the rise where completed in several days, which make people jump on the train easier than jump off the crash.

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June 22, 2012, 06:19:40 PM
 #101

coming the weekend. just look at what happened in the last three weekends.

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June 22, 2012, 06:23:13 PM
 #102

coming the weekend. just look at what happened in the last three weekends.

And now that you said that everyone will expect it which means it won't happen. 

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June 22, 2012, 06:26:09 PM
 #103

Quick sell all your BTC, the weekend is coming!!!  Roll Eyes
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June 22, 2012, 07:17:14 PM
 #104

just don't miss the 20 largest rises...

a 50% crash needs a 100% rises to cover. and most of the rise where completed in several days, which make people jump on the train easier than jump off the crash.

I would bet against it. Just think of the long crash after the bubble. Those crashes have not recovered mostly. On the way up, there have not been many crashes.

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June 22, 2012, 07:35:10 PM
 #105

Oh, I'm absolutely not selling.  As I've said before, I don't have a single coin in any of the exchanges anymore.  It's all offline paper wallets, and small mobile wallets for me.  When I do buy, which I'll probably do again in the next few days, I immediately send the coins to an offline wallet.  I'm just stirring the pot a bit, and watching the show.

you're dancing with the bear again.

sounds like fun, I should do it some time.

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June 23, 2012, 01:32:19 AM
 #106

coming the weekend. just look at what happened in the last three weekends.

And now that you said that everyone will expect it which means it won't happen.  

What you said is not true. For example , you are not expecting it.

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June 23, 2012, 05:43:09 AM
 #107

I don't have the time or the money to speculate. If I sold right now I would make $50 over what I purchased for awhile back. If that was $500 I would be playing more attention.
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June 24, 2012, 08:04:24 AM
 #108

I think this is the weekend plunge. I have bought all the sold btc back, with some profit!

Crashes are good if you can avoid them. As previously said,

https://bitcointalk.org/index.php?topic=74890.msg981973#msg981973

 if you can avoid the largest 20 crashes on the mtgox trading history, you can be 1288x richer than buy&hold.

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June 28, 2012, 04:31:56 PM
 #109



That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this.

Make no mistake guys! What we are seeing so far is an upward triangle formation, not a shoulder head shoulder one. Buying pressure has been too strong to keep the lows from being lower then those before. Crucial for a prolonged rally is to break the resistance at 6.8$/7.0$

Short term trend: UP!

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June 29, 2012, 12:52:32 AM
 #110



That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this.
Ya right, Six point crazy wont hold for to much longer, and we might just dip below 6, but after all that we are going UP 8 not Down 5.8 ... tisk tisk

somewhat related: I wanted to make a poll called "Six Point Crazy" but it was removed.... something about 0 content threads not being ok  Kiss



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June 29, 2012, 11:05:38 AM
 #111

read again adam!  Kiss I said, that my soulder head shoulder formation is no longer valid and has transformed into an upward triangle. Ergo: We wont go down below 6 (rather strong resistance), unless we ultimately fail to break through 7$.

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June 29, 2012, 11:09:00 AM
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That looks like what could become a classical Shoulder Head Shoulder formation, even with a small version of itself in the head section. Just watch out for the indicators! (lower highs and lower lows). If it does unfold like this the best opportunity to get of board is on top of the last shoulder. In my example a final drop to the 5-5.2$ area would be the result.

Something like this


The rising support trendline looks like turning this from "a classical Shoulder Head Shoulder formation" in to the more lopsided Quasimodo one


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June 29, 2012, 03:32:36 PM
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Is the Quasimodo formation bearish or bullish?
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June 29, 2012, 03:54:30 PM
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Is the Quasimodo formation bearish or bullish?

bullish-er than the past shoulder was, so long as he's facing you that is - which given the 2nd shoulder at 6.66 is higher already than the first we can safely assume so, the first shoulder topped out at 6.60 - the head at 6.80 - so 6.70 would make for a nice hump

this implies of course that later on we shall see the classic climbing of the cathedral bell tower & church steeple formations

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June 29, 2012, 05:04:09 PM
 #115

Is the Quasimodo formation bearish or bullish?

bullish-er than the past shoulder was, so long as he's facing you that is - which given the 2nd shoulder at 6.66 is higher already than the first we can safely assume so, the first shoulder topped out at 6.60 - the head at 6.80 - so 6.70 would make for a nice hump

this implies of course that later on we shall see the classic climbing of the cathedral bell tower & church steeple formations

+1

This ain't no ordinary head and shoulders.

While no idea is perfect, some ideas are useful.
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June 29, 2012, 05:16:16 PM
 #116

If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

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June 29, 2012, 07:24:45 PM
 #117

If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

i agree, new investors and some new speculators have joined us, but that's what the rise to 6.60 was all about. again bitcoin is miss-estimated the price based on news of "dumping EUR for bitcoin", soon (i dont know like 1 month) we will have found the true price increase of this "dumping  EUR for bitcoin", once its all said and done i think we'll end up on the high side of 6, but not before we take a dive to the low 6's

IMO

just think, I'm looking to buy a bunch, and I'm waiting for a crash ( is their any other way buy a large amount of bitcoin?  Wink )

but under these market conditions... maybe 6.4 will be "the crash" everyone is waiting for, lol GO bitcoin!

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June 29, 2012, 09:47:32 PM
 #118

My fiat is stuck in the bank for the weekend which sucks for me.

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June 30, 2012, 05:15:43 PM
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My fiat is stuck in the bank for the weekend which sucks for me.

+999  Embarrassed

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June 30, 2012, 05:24:53 PM
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If there is a weekend that the bitcoin price ramps up but not fall as we expected, I think it will be this weekend. More new investors are joining the party.

i agree, new investors and some new speculators have joined us, but that's what the rise to 6.60 was all about. again bitcoin is miss-estimated the price based on news of "dumping EUR for bitcoin", soon (i dont know like 1 month) we will have found the true price increase of this "dumping  EUR for bitcoin", once its all said and done i think we'll end up on the high side of 6, but not before we take a dive to the low 6's

IMO

just think, I'm looking to buy a bunch, and I'm waiting for a crash ( is their any other way buy a large amount of bitcoin?  Wink )

but under these market conditions... maybe 6.4 will be "the crash" everyone is waiting for, lol GO bitcoin!

Nobody here will be dumping euro for bitcoin, there is way too much money which can be made in the forex market for those who have them. And the USD will follow suit shortly after. Just wait till after the elections... you'll see.

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June 30, 2012, 05:45:13 PM
 #121

Nobody here will be dumping euro for bitcoin, there is way too much money which can be made in the forex market for those who have them. And the USD will follow suit shortly after. Just wait till after the elections... you'll see.


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June 30, 2012, 08:16:38 PM
 #122

My fiat is stuck in the bank for the weekend which sucks for me.

+999  Embarrassed

+666

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July 01, 2012, 08:20:35 AM
 #123


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July 01, 2012, 02:26:25 PM
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here it comes but not that low.

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July 01, 2012, 04:53:38 PM
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OH FUCK we just crashed from 6.66 to 6.65!

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July 01, 2012, 05:00:37 PM
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hahahah thats funny, you sell yet.

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July 01, 2012, 05:17:35 PM
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No.

edit: Buy wall still at BTC-e.
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July 01, 2012, 05:39:33 PM
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nice wall. safetynet

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July 01, 2012, 06:00:35 PM
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OH FUCK we just crashed from 6.66 to 6.65!
Remember my words ..  Grin

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July 02, 2012, 02:58:07 PM
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July 02, 2012, 04:29:22 PM
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OH FUCK we just crashed from 6.66 to 6.65!
Remember my words ..  Grin

Oh god you're right.  We're down to $6.75 now Sad Sad Sad

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July 02, 2012, 06:46:56 PM
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OH FUCK we just crashed from 6.66 to 6.65!
Remember my words ..  Grin

Oh god you're right.  We're down to $6.75 now Sad Sad Sad
not a "right now". Wider range of time. One more time down below that would gain strength and exceed 7.2. I hope, better a detailed translation.

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July 19, 2012, 11:46:12 PM
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incoming.

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July 19, 2012, 11:48:26 PM
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incoming.

+1 pull back...how far? ...dunno

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July 19, 2012, 11:52:28 PM
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incoming.

+1 pull back...how far? ...dunno

5000 cents!

500 cents!  Cheesy


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July 19, 2012, 11:52:46 PM
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http://bitcoincharts.com/charts/mtgoxUSD#rg10zigHourlyztgSza1gEMAzm1g10za2gEMAzm2g21zv

"Goombo's Indicator" just went red. 10/21 period hourly EMA crossover from "hold" to "sell".
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July 19, 2012, 11:55:11 PM
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Maybe we'll finally test $6 and then $5 again.   Grin
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July 20, 2012, 12:02:34 AM
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Maybe we'll finally test $6 and then $5 again.   Grin

We aren't going anywhere unless that $10k wall goes down

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July 20, 2012, 12:03:20 AM
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Maybe we'll finally test $6 and then $5 again.   Grin

lol, denial... such a durable feeling

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July 20, 2012, 12:03:28 AM
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Maybe we'll finally test $6 and then $5 again.   Grin

We aren't going anywhere unless that $10k wall goes down

not to worry
its being slowly pulled back

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July 20, 2012, 12:31:31 AM
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Market will fall from here and consolidate and test previous resistance as support...

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July 20, 2012, 12:41:41 AM
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Quick!  Everyone out of the pool.
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July 20, 2012, 12:47:18 AM
 #143

OMG

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July 20, 2012, 12:47:35 AM
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Quick!  Everyone out of the pool.

it really takes a special kind of person to cheer the bears on while holding coins Wink

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July 20, 2012, 12:49:02 AM
 #145

#%$@ this @$#%

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July 20, 2012, 12:51:04 AM
 #146

http://btccharts.com is still showing 9.19
http://bitcoincharts.com  says 8.615
mtgox live.... 8.19


wtf???

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July 20, 2012, 12:52:33 AM
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We're back to where we were..... 3 days ago

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July 20, 2012, 12:59:50 AM
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Like I said a few days ago, the rally had nothing behind it (apart from rampant speculation by a few individuals) and we could end up at low $7s in an instant.

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July 20, 2012, 01:00:26 AM
 #149

http://btccharts.com is still showing 9.19
http://bitcoincharts.com  says 8.615
mtgox live.... 8.19


wtf???

btccharts isn't working for me either. Bitcoincharts seems to be pretty up to date though. I was confused for a while there, when everyone was saying "Oh no, crash! Crash!" and btccharts showed a nice 20k bid wall at $9.

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July 20, 2012, 01:03:33 AM
 #150

http://btccharts.com is still showing 9.19
http://bitcoincharts.com  says 8.615
mtgox live.... 8.19


wtf???

btccharts isn't working for me either. Bitcoincharts seems to be pretty up to date though. I was confused for a while there, when everyone was saying "Oh no, crash! Crash!" and btccharts showed a nice 20k bid wall at $9.

Yeah, first I saw it on Clark Moody's and thought WTF!? Must be some error. But 2 minutes later mtgox also showed that crash.
Still think we are going up, so. But itll take some time now till we hit 9$ again, maybe next time one of the big guys make a move like this?

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July 20, 2012, 01:13:26 AM
 #151

http://btccharts.com is still showing 9.19
http://bitcoincharts.com  says 8.615
mtgox live.... 8.19


wtf???

btccharts isn't working for me either. Bitcoincharts seems to be pretty up to date though. I was confused for a while there, when everyone was saying "Oh no, crash! Crash!" and btccharts showed a nice 20k bid wall at $9.

Yeah, first I saw it on Clark Moody's and thought WTF!? Must be some error. But 2 minutes later mtgox also showed that crash.
Still think we are going up, so. But itll take some time now till we hit 9$ again, maybe next time one of the big guys make a move like this?

this move has pirate written all over it

Everyone Fuck him up and bounce it back!
WE KNOW he has to buy these coins back
do not be manipulated, 8$ is cheep like dirt and you know that too!

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July 20, 2012, 01:15:04 AM
 #152

phew... i was able to sell most at 8.5 USD, <1 here we come!

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July 20, 2012, 01:15:43 AM
 #153

pirate or not. someone just dumped 40k+ btc
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July 20, 2012, 01:21:30 AM
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pirate or not. someone just dumped 40k+ btc

That's the same amount that was sold yesterday in a matter of seconds to try and suppress the price. I would say it is arguably the same person.
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July 20, 2012, 01:29:55 AM
 #155

rallying back to 8!
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July 20, 2012, 01:30:06 AM
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I just broke all of my pencils stabbing my monitor.

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July 20, 2012, 01:33:27 AM
 #157

Sweet.  My funds held semi-hostage by the Gox came in handy.

As the price fell my "what the hell the money isn't going anywhere" buy orders said "NOM NOM NOM" and I got a nice load of cheap coins.

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July 20, 2012, 01:35:03 AM
 #158

1st stop ATM

2nd stop WalMart

3rd stop Bert's Discount Liquor

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July 20, 2012, 01:36:12 AM
 #159

Sweet.  My funds held semi-hostage by the Gox came in handy.

As the price fell my "what the hell the money isn't going anywhere" buy orders said "NOM NOM NOM" and I got a nice load of cheap coins.

Good for you, Is bought at 9.20  Tongue Tongue Tongue (shame on me for being so greedy!)

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July 20, 2012, 02:17:12 AM
 #160

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

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July 20, 2012, 02:21:33 AM
 #161

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Perhaps taking profit?

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July 20, 2012, 02:24:21 AM
 #162

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked
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July 20, 2012, 02:45:14 AM
 #163

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




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July 20, 2012, 02:53:39 AM
 #164

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!
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July 20, 2012, 03:03:45 AM
 #165

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

Some people don't want to buy things today with bitcoins; they just want to buy bitcoins for the same reasons they want to buy gold.

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July 20, 2012, 03:03:55 AM
 #166

I am hoping someone with deep pockets will buy those obviously false asks, if I had just done that huge dump, I would then buy those asks if they of course were not mine without hesitation. Much more BTC in wallet than two hours ago.
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July 20, 2012, 03:57:34 AM
 #167

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

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July 20, 2012, 04:00:13 AM
 #168

Honestly it was pure luck from some bad luck.  MtGox is a USD dead end and I had funds stuck there so I put in some buy orders while I waited for a need for the funds.

Still trying to figure out why someone would dump coins like that?

Because they have been praying of a significant rise up to 9-10 bucks a BTC so they could unload and
get into something that has world wide value acceptance and is useful to buy anything with. You know.. like the US Dollar.

Based on what I have seen.. almost everything sold for BTC is more expensive when bought with BTC. All the prices
are based on normal currencies with an additional cost added in just because you can buy it with BTC. Hooray! I can
over pay for goods! Coool!

I agree, that is some real BS. Preying on the bitcoin nerds, eager to buy anything with their precious coins.

If I had a product to sell (should by November), BTC price would get a discount. I want that shiny digital stuff

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July 20, 2012, 04:14:43 AM
 #169

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned


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July 20, 2012, 04:21:47 AM
 #170

Or the desperation of digging a hole a bit deeper than you thought and cant do what you promised to others maybe.
 Shocked

lol this is bitcoin in hyper inflation mode

desperation HA!


the desperation is over buddy...

BUY BUY BUY




that could end in a really bad graveyard doji.

you know what that means...

honestly
everyone how isn't with pirate should Refuse to buy above 6.50

Owned

but manipulated or not the market will do what it does best

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July 20, 2012, 04:59:43 AM
 #171

I havn't downloaded anything in months but I never ever got a threat letter. Don't you use peerblock, or use any other ways to prevent them watching.
Huh

lol?

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July 20, 2012, 05:02:01 AM
 #172

I havn't downloaded anything in months but I never ever got a threat letter. Don't you use peerblock, or use any other ways to prevent them watching.
Huh

lol?
Lol wow. Wrong thread. I hate it when it does that. Sometimes when I log in and have mulitple tabs open with bitcointalk, it will change the page I was viewing. You can delete that if you so wish
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July 20, 2012, 05:26:12 AM
 #173

The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.

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July 20, 2012, 05:31:25 AM
 #174

The uptrend is strong because it's coming off months of sideways movement at $5. For the same reason, corrections in this uptrend will not be nearly as severe as the correction in Jan/Feb from $7.2 (right now, $7.5 is about right in the middle of the bollinger band).

Remember, the uptrend started at $2 in November, and all the sideways movement at $5 was a momentum build-up. Why would price retreat from $9, just to go back to $5? Unless this isn't a true uptrend but just an upward volatility burst.

But I don't think so, all the indicators confirm the upward trend. We'll bounce off $7.x (old resistance becomes new support) and grind against $9.x until most likely breaking $10, continuing the retracement of the correction from $30.

$9 profit-takers will probably be lucky to add to their positions buying under $8. Panic-sellers in the $7's will probably suffer some losses.

+1

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July 20, 2012, 05:33:24 AM
 #175

Come on bears, this the best you got?

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July 20, 2012, 06:03:03 AM
 #176

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.

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July 20, 2012, 06:06:36 AM
 #177

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.
lol

priceless

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July 20, 2012, 06:08:33 AM
 #178

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

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July 20, 2012, 06:27:43 AM
 #179

Still trying to figure out why someone would dump coins like that?

Maybe they've been running a ponzi scheme and for some reason need to cash out quickly.

I dunno, it's not Monday.

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July 20, 2012, 10:16:56 AM
 #180

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

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July 20, 2012, 11:24:07 AM
 #181

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

That would be so funny if someone just dumped 100k in the middle of the next pump. Game over.

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July 20, 2012, 01:53:47 PM
 #182

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.

Seems to be working for whoever is doing it and I say good.
I hope she/he knocks all bots and panic buyers/sellers out of the market for awhile so we can resume a nice steady (and slow) climb.

I can see whats going to happen though, if they keep up these regular shenanigans a bigger shark is going to come along and catch them mid game with their pants down.

My advice, enjoy this show from the sidelines and let the sharks fight it out.

That would be so funny if someone just dumped 100k in the middle of the next pump. Game over.
Uhhh…isn't that exactly what happened last night???  It appears to me like there were right around 100k coins dumped in the span of a few minutes.

A few days ago someone entered the market with some strong buying…maybe it's the same person that was selling…they could have been trying to get the market running in order to profit from some weak buyers paying up for coins.

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July 20, 2012, 03:50:43 PM
 #183

Went back up to $8.50.  Good chance to sell imo, I think we're going back down

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July 20, 2012, 03:52:15 PM
 #184

IT'S A TRAP!

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July 20, 2012, 04:40:01 PM
 #185

1. Dump 40k btc in market you "stole" from Bitcoinica
2. People panic dropping the price further.
3. Buy back 50k btc of new untainted coins
4.  Huh
5. Laugh.
6. Profit.

FTFY
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July 20, 2012, 04:53:11 PM
 #186

why do so many ppl think uptrend is finish only cause 1 crazy guy sold a few bitcoins?
spirit is havily bullish, prize still over 7.2, uptrend is intact Grin
bears spreding fear like shit.

build triangle and go up futher?
or do you all really think we'll decrease now back to lower lvl like 5-6$???
(not asking proudhon, cause i know his opinion)

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July 20, 2012, 05:06:30 PM
 #187

1. Dump 40k btc in market
2. People panic dropping the price further.
3. Buy back 50k btc for the same amount of USD you got for selling those 40k btc.
4.  Huh
5. Repeat.
6. Profit.
Just one problem…it depends on being able to gin up panic in a short amount of time and inducing people to act on it…the risk is that you end up taking out a lot of the buy side of the over book, but the asks don't fill in behind you…and if you're one of the lucky ones that happened to buy right as the selling was abating for a $1 discount, you'll find it rather easy to flip that into a $1 profit because people still need to buy bitcoins.  Same dynamic works in the opposite direction as well.

Whoever it was that was selling was probably just doing it for the lulz rather than to actually make money.

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July 20, 2012, 05:25:48 PM
 #188

this is heavy bull. These bouncebacks are incredible. People want coins.

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July 20, 2012, 05:32:06 PM
 #189

this is heavy bull. These bouncebacks are incredible. People want coins.
It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

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July 20, 2012, 05:34:14 PM
 #190

this is heavy bull. These bouncebacks are incredible. People want coins.
It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

Lol EXACTLY! +10

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July 20, 2012, 05:55:32 PM
 #191

We've crashed from 4.8X up to 8.5! Keep on crashing, baby!!!

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July 21, 2012, 09:41:23 AM
 #192

this is heavy bull. These bouncebacks are incredible. People want coins.
It's really not so much a bounce back as it is one guy deciding to jump off a cliff and nobody following.

lol! possibly accurate analysis. Maybe for this one guy the alternative is being flattened by a steam roller, so he decides to try to jump off cliff and tells everyone on irc hoping for a sell panic.

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July 21, 2012, 09:51:33 AM
 #193

look at intersangoEUR
someone big just bought few Bitcoins

http://bitcoincharts.com/charts/intrsngEUR#rg10zigHourlyztgSzm1g10zm2g25zxzi1gMACDzi2gBBWzi3gMomentumzi4gRSIzvzpszl

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July 29, 2012, 05:21:11 PM
 #194

sell bitcoin and load more money in

Crash coming to an exchange near you!

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July 29, 2012, 05:36:28 PM
 #195

sell bitcoin and load more money in

Crash coming to an exchange near you!

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buy now while still can get sub $10 :p
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July 29, 2012, 06:15:07 PM
 #196

sell bitcoin and load more money in

Crash coming to an exchange near you!

 Tongue


buy now while still can get sub $10 :p


no
load more money in
sell your bitcoin
get some sub 8 coins b4 the bubble  Wink

 

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July 30, 2012, 12:21:00 AM
 #197

I used my time machine again ...



 Tongue

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July 30, 2012, 12:51:48 AM
 #198

I used my time machine again ...



 Tongue

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  Cheesy
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July 30, 2012, 12:53:33 AM
 #199

I used my time machine again ...



 Tongue

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  Cheesy

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps  Wink

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July 30, 2012, 02:42:30 AM
 #200

I used my time machine again ...



 Tongue

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  Cheesy

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps  Wink


so the shit (dump) is really gonna fly this time....dumps all round perhaps?

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July 30, 2012, 02:47:21 AM
 #201

I used my time machine again ...



 Tongue

So you just increase the price of Bitcoin AND avoid the 2012 Apocalypse by putting a time loop from Nov 12 to Dec 11?

Sir you genius!  Cheesy

its not a loop

this time around, we aren't going to drop as much

there wont be a crazy long squeeze like last time ..... just alot of dumps  Wink


so the shit (dump) is really gonna fly this time....dumps all round perhaps?

Maybe... sell you bitcoins now

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July 31, 2012, 02:53:38 PM
 #202

This thing keeps on crashing upwards.

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July 31, 2012, 03:20:48 PM
 #203

This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,

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July 31, 2012, 03:26:24 PM
 #204

This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,

Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend...
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July 31, 2012, 03:30:16 PM
 #205

This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,

Daily 10,20 and 50 SMA are all pointing up... thats a funny sideways trend...
He's probably still sold at 8.95.

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July 31, 2012, 04:25:17 PM
 #206

I have one word for each of you two:

lagging indicators.

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July 31, 2012, 04:30:29 PM
 #207

I have one word for each of you two:

lagging indicators.

Could you share your leading indicators with us?  Thanks.
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July 31, 2012, 04:35:55 PM
 #208

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

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July 31, 2012, 04:45:30 PM
 #209

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

So if all indicators are lagging indicators, what significance did your two words, "lagging indicators" have?
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July 31, 2012, 04:47:59 PM
 #210

I haven't said that do you comprehend the non- prefix?

There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.

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July 31, 2012, 04:53:32 PM
 #211

I haven't said that do you comprehend the non- prefix?

There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.

I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator.  For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it.  This says to me that the candlesticks are also a lagging indicator.

But even following your reasoning...  today's candle is higher than yesterdays candle, and my lagging indicators confirm this.  Where is the sideways again?
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July 31, 2012, 05:02:06 PM
 #212

I haven't said that do you comprehend the non- prefix?

There are lagging indicators and instantaneous indicators. You use the lagging ones to validate a conclusion you derive from a instantaneous one, but never use a lagging one for anything else than validation.

I should have made more of a point of disagreement that a candlestick or candlestick pattern is an instantaneous indicator.  For instance a hammer candle doesnt indicate anything until it has a confirmation candle following it.  This says to me that the candlesticks are also a lagging indicator.

But even following your reasoning...  today's candle is higher than yesterdays candle, and my lagging indicators confirm this.  Where is the sideways again?

I use them on a smaller timescale. (6 hours)
You see a doji after the "breakout"  which suggests the market is being pushed upwards. Then an inverted hammer and currently a "minus" (alas no movement) which suggests resistance at the current levels.

From the immortal Dumb and Dumber "Were in a hole... We just gotta dig ourselves out"
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July 31, 2012, 05:16:42 PM
 #213

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

Previous highs above 9 have been blips without conviction and without sell-side volume.  In fact one may have been caused by the hack of the bitcoinica act on mt gox.  IMHO this is the first push above 9 that has any conviction. 
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July 31, 2012, 05:23:36 PM
 #214

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

Previous highs above 9 have been blips without conviction and without sell-side volume.  In fact one may have been caused by the hack of the bitcoinica act on mt gox.  IMHO this is the first push above 9 that has any conviction.  

Yes, still they are valid for estimating resistance levels and they aren't related to anything except fat finger trades.


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July 31, 2012, 05:47:27 PM
 #215

I propose that they are not that valid for estimating resistance levels.    I think that that nugget learned from stock markets may not apply to such an illiquid market like BTC.  I mean intraday stock prices are still the effect of significant market participation in terms of raw #s of people.  But in the BTC markets a single individual can (and did) set those prior highs, and in fact may have done so solely as a pump and dump.

I think we saw a lot of resistance breaking 9.  But didn't the convictionless highs push thru 9 like it did not exist, topping out at 9.5-9.7? 

Looking at the sell-side it seems like we will see a lot of resistance at 10, I guess we'll probably find out in the next week or so whether that resistance reforms at 9.7 or whether it stays at 10...
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August 01, 2012, 06:12:16 AM
 #216

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

What about Last high was 31.9 last low 2.0. Anything in-between is sideways. Cheesy

Nothing great was ever achieved without irrational exuberance.
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August 02, 2012, 09:51:18 AM
 #217

*chanting* Lets go bears lets go!

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August 02, 2012, 09:57:49 AM
 #218

*chanting* Lets go bears lets go!

Uhhhh yeaaahh....we're in a bull market...but you can dream  Cheesy

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August 02, 2012, 10:03:35 AM
 #219

*chanting* Lets go bears lets go!


Uhhhh yeaaahh....we're in a bull market...but you can dream  Cheesy
u just wait. all the bears are going to be screaming "GOAL!!!" soon

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August 02, 2012, 10:46:50 AM
 #220

here it comes.

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August 02, 2012, 10:49:11 AM
 #221

here it comes.

*Holds breath* Lips sealed

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August 02, 2012, 10:52:54 AM
 #222

sec, gotta wait for my btc to arrive at gox *facepalm*

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August 02, 2012, 11:36:45 AM
 #223

btc has arrived. The next bid wall that comes up that's >1k for >$9.5 I'm going to take a 12.2k dump on its chest. Don't say i didn't warn u.

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August 02, 2012, 11:41:00 AM
 #224

btc has arrived. The next bid wall that comes up that's >1k for >$9.5 I'm going to take a 12.2k dump on its chest. Don't say i didn't warn u.
your name sais it: kentrolla

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August 02, 2012, 11:43:17 AM
 #225

Time to buy imho

(kentrolla, how much do you plan on buying?)

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August 02, 2012, 11:46:31 AM
 #226

If the order book fills up to the point where there isn't much slippage, I'm going to take a huge dump. probably if i can sell it down to >$9.35 for 12.2k.  it depends on where the walls are ofc. right now there is too much slippage (like $2k) to take that kind of dump.

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August 02, 2012, 11:57:27 AM
 #227

If the order book fills up to the point where there isn't much slippage, I'm going to take a huge dump. probably if i can sell it down to >$9.35 for 12.2k.  it depends on where the walls are ofc. right now there is too much slippage (like $2k) to take that kind of dump.
I won't believe you until you move 12123.45678901 BTC to a different address and then sign a message with that address.

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August 02, 2012, 12:00:29 PM
 #228

get this thread off my damn screen already

TorGuard VPN: Don't get caught using Bittorrent! Spend your bitcoins on a topnotch VPN/Proxy service! I'm renewing my subscription again later this year.
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August 02, 2012, 12:11:21 PM
 #229

oh man. I just ate a ton of beans. this dump is not gunna be pretty. Probably pretty slippery too.

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August 02, 2012, 12:16:56 PM
 #230

This thing keeps on crashing upwards.
actually it's sideways, but nevermind I know people will do anything to sell at a decent price, like bumping irrelevant threads with made up statements,

"Sideways" back to 9.7 soon.

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August 02, 2012, 01:21:59 PM
 #231

We keep crashing up, what is this nonsense? We have a new 2012 high!

If you ever need help with anything, send me a PM and I will pray for you. Mark 11:20-24
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August 02, 2012, 01:22:51 PM
 #232

Last high was 9.7 last low 7.7. Anything in-between is sideways.

Candle stick patterns are non-lagging though not leading. (No crystal ball for you)

9.8
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August 02, 2012, 01:29:11 PM
 #233

Yeah it's up.

Should go to 13 now.

From the immortal Dumb and Dumber "Were in a hole... We just gotta dig ourselves out"
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