Sitarow
Legendary
 Offline
Activity: 1792
Merit: 1047
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June 21, 2012, 02:17:49 AM |
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how to you get to see from 2$ to 12$?
move mouse to bottom area of the chart and then hold down the left mouse button then slide from right to left. |
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drlatino999
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June 21, 2012, 02:25:53 AM |
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21K at 6.75, now that's a wall to make someone proud  |
Sappers clear the way
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Narydu
Donator
Hero Member
Offline
Activity: 743
Merit: 510
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June 21, 2012, 02:42:28 AM |
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Should we call in PinkFloyd to help? 21k who the fuc... did this!!!! Stained coins perhaps? Leave the kids alone...
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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June 21, 2012, 02:47:52 AM |
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I'm sure there's more where that came from. This have been too positive lately. I wouldn't even be surprised to see the order book flip around.
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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arklan
Legendary
Offline
Activity: 1778
Merit: 1008
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June 21, 2012, 02:57:35 AM |
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I'm sure there's more where that came from. This have been too positive lately. I wouldn't even be surprised to see the order book flip around.
agreed. i love rising bitcoin price, but too quickly and too much means it scares people and makes things unstable. |
i don't post much, but this space for rent.
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bitcoinBull
Legendary
Offline
Activity: 826
Merit: 1001
rippleFanatic
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June 21, 2012, 02:58:24 AM |
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The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
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College of Bucking Bulls Knowledge
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RyNinDaCleM
Legendary
Offline
Activity: 2408
Merit: 1009
Legen -wait for it- dary
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June 21, 2012, 03:08:21 AM |
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how to you get to see from 2$ to 12$?
That's not GoxLive, It's BTCcharts. |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2012, 03:19:32 AM |
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how to you get to see from 2$ to 12$?
That's not GoxLive, It's BTCcharts. i didn't like BTCcharts because i found it was to zoomed in  |
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Serge
Legendary
Offline
Activity: 1050
Merit: 1000
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June 21, 2012, 03:27:21 AM |
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@$6.75 wall - not surprised one bit
will be fun to watch what happens next
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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June 21, 2012, 03:34:45 AM |
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The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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Yuhfhrh
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June 21, 2012, 03:38:41 AM |
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The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price. How could I tell if its someone attempting to manipulate the market, or just selling their btc? You seem very knowledgeable and I'm looking to learn. |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2012, 03:51:25 AM |
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The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price. How could I tell if its someone attempting to manipulate the market, or just selling their btc? You seem very knowledgeable and I'm looking to learn. the wall gets tested with a few hunders coins if it holds then ya... someone really does want to sell and its not a "fake wall" but i think even the "fake walls" are real, they just got scared and pulled out, trying to get a better price after you've looked at and traded on the market, you'll start see that... believe it or not the bids and asks are people trying to buy or sell. and all my experience tells me 1 of 2 things will happen now the wall gets bought and we keep going up OR the books are flipped and we start going down if you see more asks pill up... |
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 21, 2012, 04:08:49 AM |
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 it would seem that volume is going up along with price to me this screams legit correction and not manipulation. i think we are very close too but haven't found the top, and the bottom is a hell of alot closer then most think stabilize at 6 point crazy for a while, and then move up and over 8, and then a slow and steady drop to 6 dot ridiculous my money is waiting for 6 dot ridiculous  |
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Yuhfhrh
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June 21, 2012, 04:41:59 AM |
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The ask wall is there to scare people into selling so the manipulator can accumulate before breaking $7.2. We're in an upward channel in a strong trend.
There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price. How could I tell if its someone attempting to manipulate the market, or just selling their btc? You seem very knowledgeable and I'm looking to learn. the wall gets tested with a few hunders coins if it holds then ya... someone really does want to sell and its not a "fake wall" but i think even the "fake walls" are real, they just got scared and pulled out, trying to get a better price after you've looked at and traded on the market, you'll start see that... believe it or not the bids and asks are people trying to buy or sell. and all my experience tells me 1 of 2 things will happen now the wall gets bought and we keep going up OR the books are flipped and we start going down if you see more asks pill up... Oh I see. Well Putting a big sell order up like that discourages me from buying, because it will take a lot of "work" to tear down the wall. Which means following the path of least resistance is downwards a bit. But then again from what I've seen the past two weeks walls can come and go and I even saw a buy wall get sold into so what do I know. |
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mav
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June 21, 2012, 04:58:55 AM |
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Oh I see. Well Putting a big sell order up like that discourages me from buying, because it will take a lot of "work" to tear down the wall. Which means following the path of least resistance is downwards a bit. But then again from what I've seen the past two weeks walls can come and go and I even saw a buy wall get sold into so what do I know.
Surely it's nicer to buy knowing you'll be able to buy at a definite price into that wall? Would you rather buy without the wall and as you buy see the price continue to go up so you end up buying some of your coins at a higher price? |
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Hexadecibel
Human Intranet Liason
VIP
Hero Member
Offline
Activity: 571
Merit: 504
I still <3 u Satoshi
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June 21, 2012, 05:01:46 AM |
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This ask wall pleases me.
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notme
Legendary
Offline
Activity: 1904
Merit: 1002
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June 21, 2012, 05:06:27 AM |
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Oh I see. Well Putting a big sell order up like that discourages me from buying, because it will take a lot of "work" to tear down the wall. Which means following the path of least resistance is downwards a bit. But then again from what I've seen the past two weeks walls can come and go and I even saw a buy wall get sold into so what do I know.
Surely it's nicer to buy knowing you'll be able to buy at a definite price into that wall? Would you rather buy without the wall and as you buy see the price continue to go up so you end up buying some of your coins at a higher price? That depends on the volume you are looking to trade. |
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John (John K.)
Global Troll-buster and
Legendary
Offline
Activity: 1288
Merit: 1227
Away on an extended break
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June 21, 2012, 05:31:01 AM |
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I saw the dump just now. Seems the market held well.  |
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Spekulatius
Legendary
Offline
Activity: 1022
Merit: 1000
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June 21, 2012, 10:20:09 AM |
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This ask wall pleases me.
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Vandroiy
Legendary
Offline
Activity: 1036
Merit: 1002
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June 21, 2012, 12:01:44 PM |
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There is no manipulator. The ask wall is there because its owner is hoping to sell 20k+ bitcoins at that price.
Thanks for being so patient and trying to teach people. Guys, this is perfectly normal. 21k BTC at 6.75 USD, if he bought within the last months around 5.2, give over 32k USD profit in a relatively short time. We're talking a potential 30% short-term profit here! Even if everyone is quite bullish, why in the world would people be surprised? If nobody were to do such offers, wouldn't that be more reason to worry? In fact, current volume is somewhat lower, not higher, than I'd have expected. Feel free to be bullish, the market is hard to read right now so I have no complaints, but expecting that no one would take profits is unreasonable. |
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