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Luis_GT
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April 10, 2013, 12:00:44 AM |
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Another Bitcoin-related animal:  Here be dragons? Some 200 pages ago (yesterday) people were discussing new animals as bears and bulls are dead. I find a baby dragon pretty much fits the bitcoin itself. If it grows up, it's unstoppable. Also currently Bitcoin is pretty Chinese  Dragons you say  |
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The-Real-Link
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April 10, 2013, 12:01:00 AM |
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Gotta thank you for this. Caught some of it real time but a day like this is astounding to watch play out again speeded up. Just sitting there going WTF!!!!  Again, thanks, glad to help. At the rate the market is swinging, I might cue up Fraps every night to watch the market while I sleep. If we have a flat day I can just ditch the footage. Don't feel like I want to make too many of these but hey, it's a good look back at the wild ride that has been Bitcoin. |
Oh Loaded, who art up in Mt. Gox, hallowed be thy name! Thy dollars rain, thy will be done, on BTCUSD. Give us this day our daily 10% 30%, and forgive the bears, as we have bought their bitcoins. And lead us into quadruple digits
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Kazu
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April 10, 2013, 12:10:58 AM |
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$228? Bitcoin moved DOWN a $10 dollar mark? BLASPHEMY!
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thoughtfan
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April 10, 2013, 12:19:54 AM |
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After the massive increase in price today shown by The-Real-Link's video the volume seems less exciting but really it is impressive at a record $22,696,282.53 for the day which is 10% up on yesterday's which was also a record. The third highest also shows up in the chart of the last 10 days:  |
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Beta-coiner1
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April 10, 2013, 12:26:29 AM |
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I haven't found the bitcoin days destroyed to be much an indicator of anything. We've seen tons of spikes, but haven't seen any conclusive evidence in the market that those moves = dumps
Well,this was the original article I read that mentioned about the upcoming dump(s). |
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wiak2
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April 10, 2013, 12:34:55 AM |
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just1nmc
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April 10, 2013, 12:40:42 AM |
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Based off that thread, 6,000 people applied to be verified in the past two days. Crazy. |
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Gatekeeper
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April 10, 2013, 01:09:18 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620  Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? |
(1470) <KLYE> But I was far too drunk to fuck a midget
(1470) <KLYE> I will fuck a chicken for 250 btc
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BitcoinTate
Full Member
 Offline
Activity: 224
Merit: 100
DigiByte Founder
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April 10, 2013, 01:16:59 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? |
- aka The "DigiMan"
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adamstgBit (OP)
Legendary
Offline
Activity: 1904
Merit: 1037
Trusted Bitcoiner
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April 10, 2013, 01:27:20 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How long does it take to perform a verification? 10 minutes max? Just hire 20 temp workers.. shit you still can only do 1k verifications a day. *scratches head* If everyone get verified at the same time price might bubble up, we wouldn't want that  |
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mccorvic
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April 10, 2013, 01:38:07 AM |
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The 1mil-ish buy wall at 213ish has vanished. To where doth it gone?
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||bit
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April 10, 2013, 01:41:00 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? Cashing out wouldn't effect price though. Only the selling part, which could have been done before verification. It's just as safe to assume people are signing up to buy BTC. And perhaps it's a safer assumption. Why? Because I'd think that if you bought BTC off the grid, chances are you'd sell it off the grid just as well, and not everyone is a miner that has BTC to sell that was generated. But charts will tell, should be interesting either way you look at it. |
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||bit
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April 10, 2013, 01:44:35 AM |
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The 1mil-ish buy wall at 213ish has vanished. To where doth it gone?
My guess is that it's getting out to wait for a narrow trading range, then either creep in (if it's even possible to hide such an elephant) or jump out and cause the run up like a pretty lady in a surprise birthday cake. |
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giszmo
Legendary
Offline
Activity: 1862
Merit: 1105
WalletScrutiny.com
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April 10, 2013, 02:02:14 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How long does it take to perform a verification? 10 minutes max? Just hire 20 temp workers.. shit you still can only do 1k verifications a day. *scratches head* If everyone get verified at the same time price might bubble up, we wouldn't want that I disagree. Sure all coming at once would leave no time for the coin holders to provide liquidity but at the same time the monsterous mtgox verification queue is taken far too much as an indicator that we are safe to hold our coins as long as more money is waiting at the gate. What will happen when the queue gets shorter? What will happen when all are verified? You are all waiting to cash out on either of these dates and then you all try to front run the others. Sure thing. I prefer an honest market without such artificial delay. |
| ɃɃWalletScrutiny.com | Is your wallet secure?(Methodology)
WalletScrutiny checks if wallet builds are reproducible, a precondition for code audits to be of value. | ɃɃ |
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Kazu
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April 10, 2013, 02:08:08 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? I strongly feel the queue length is being manipulated. But I also doubt that 10% are signing up to cash out. I've yet to find someone with any significant amount of Bitcoin without a Mt. Gox account. |
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solex
Legendary
Offline
Activity: 1078
Merit: 1002
100 satoshis -> ISO code
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April 10, 2013, 02:21:19 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? I strongly feel the queue length is being manipulated. But I also doubt that 10% are signing up to cash out. I've yet to find someone with any significant amount of Bitcoin without a Mt. Gox account. They have also hired a dozen people to process the queue, when there was only a couple of people doing the verification work a few months ago. So rate of decrease in backlog (without counting new sign-ups) is much faster. |
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proudhon
Legendary
Offline
Activity: 2198
Merit: 1311
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April 10, 2013, 03:12:12 AM |
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 Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. |
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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mccorvic
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April 10, 2013, 03:22:15 AM |
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Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. Nice try. Most of those were walls that were put up well below market price, then pulled without being sold into. Specifically the last 1mil. Don't worry. Keep tryin' and you might make a compelling argument. Someday. EDIT: You even draw circles like a jerk. |
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TsuyokuNaritai
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April 10, 2013, 03:24:03 AM |
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Today in bitcoin: $3 million appeared on the order book, and then $3 million went away. Seems like lots of people are cashing out. It's only a matter of time before USDs on MtGox are overwhelmed. *breathes sigh of relief* I was worried there for a second, until I noticed the author's name. |
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deepceleron
Legendary
Offline
Activity: 1512
Merit: 1025
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April 10, 2013, 03:37:56 AM |
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i was 14,250 in gox queue on Saturday, now i'm 11,800
one day later and i'm only 11,620 Now i'm 10,360 so i've moved nearly 4k places while the queue has still gone up over 4k, so i guess that means about 8k new requests since Saturday? How many of those are signing up to cash out? 10% maybe? Maybe more, you only find out you need to be verified (again) when you want to get your USD out. |
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