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Britainacoin
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April 11, 2013, 07:15:37 PM |
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Any reason the charts look like the Valhalla ride at Alton Towers today?
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foo
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April 11, 2013, 07:15:53 PM |
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Nice arbitrage opportunities right now... Buy on BitStamp at less than 70 dollars, sell on bitcoin.de for over 80 euros.
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I know this because Tyler knows this.
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ineededausername
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April 11, 2013, 07:17:15 PM |
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The building across from my office looks like a nice place to jump. Goodbye world.
just kidding I'm fine
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(BFL)^2 < 0
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DougTanner
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April 11, 2013, 07:20:53 PM |
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All non-Canadian exchanges are crashing hardcore now. I guess the first wave of Mt. Gox. BTC is arriving on those exchanges...  |
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420
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April 11, 2013, 07:21:11 PM |
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trading goes on at the other exchanges ...
Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.
hmm , you're saying i can buy coins for $20 in couple of hours at bistamp? cuz its so hard for the STATE-ians (USA) to get USD onto stamp the price has to be lower |
Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
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TsuyokuNaritai
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April 11, 2013, 07:21:20 PM |
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Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15.
Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins.
If Gox have any sense whatsoever, they will clear the order book before they re-open, like Vircurex did the other day. If Gox have any sense whatsoever. Hmm... |
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hannesnaude
Full Member
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Activity: 169
Merit: 100
Firstbits : 1Hannes
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April 11, 2013, 07:21:59 PM |
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The building across from my office looks like a nice place to jump. Goodbye world.
just kidding I'm fine
not funny man. |
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narousberg
Legendary
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Activity: 1755
Merit: 1007
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April 11, 2013, 07:22:20 PM |
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Yeah. Gox will come back with 1000 times better engine. Everybody's sell orders will be instantly executed. Price goes to $15. Only as all sellers are satisfied, do they realize that the trades were actually executed, and they lost the coins. Then the buyers see that orders go through, and raise the price to $150, which will become a new floor. After 2 weeks the crash is forgotten except that some made a killing and some made a lot of dough. As they say, you can't know if the trade was profitable until you squander all the proceeds. Go to sleep, molecular. See you in 5 hours!  100% agree with you. Guys, cancel all you sell orders today, now!!! |
I AM NOT SELL MY BITCOINTALK ACCOUNT !!!
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narousberg
Legendary
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Activity: 1755
Merit: 1007
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April 11, 2013, 07:23:27 PM |
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I think it's a wave of sales related to a large number of new inexperienced players on the market. They are very easy to fall into a panic and pulled the rest
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I AM NOT SELL MY BITCOINTALK ACCOUNT !!!
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Coincrazy
Newbie
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Activity: 28
Merit: 0
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April 11, 2013, 07:24:20 PM |
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trading goes on at the other exchanges ...
Right ... so all it really takes is for one of this opportunists to flood Bitstamp with bitcoins, sell them all while GOX is offline driving the price down to $20, and BOOM! You have massive panic when GOX opens.
hmm , you're saying i can buy coins for $20 in couple of hours at bistamp? cuz its so hard for the STATE-ians (USA) to get USD onto stamp the price has to be lower Bitcoin at $50.05 a piece on Bitstamp site - 11 Apr 2013 [some time ago !!] https://bitcointalk.org/index.php?topic=173632.msg1807367#msg1807367 |
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wachtwoord
Legendary
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Activity: 2394
Merit: 1163
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April 11, 2013, 07:25:01 PM |
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The building across from my office looks like a nice place to jump. Goodbye world.
just kidding I'm fine
not funny man. You saw INAU posted it. He's one of the non-crazy ones  |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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April 11, 2013, 07:27:57 PM |
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BTC is going to hit $5 if not lower, as soon as GOX opens. MARK MY WORDS! Already at $70 on BTC-e....
hahahha, good one  Why do you laugh. If he is willing to sell for $5, I can save the trouble trying to log into Gox, and buy outright. Currently I can buy outright BTC40,000. PM me if interested. PM me, too - I want in on this! if you are in Canada, will pay $10 for all your coins, and anything under the CaVirtex for a fair amount. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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justusranvier
Legendary
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Activity: 1400
Merit: 1015
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April 11, 2013, 07:29:03 PM |
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As long as people are spending bitcoins to buy stuff from merchants the payment processors need to sell BTC for local currency. If they can't sell on Mt Gox because it's closed for 12 hours they'll sell on other exchanges.
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DougTanner
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April 11, 2013, 07:30:14 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all  |
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wachtwoord
Legendary
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Activity: 2394
Merit: 1163
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April 11, 2013, 07:33:34 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
What's bad about it? This is a free market. If people want to go crazy, panic and burn their money they are free to do so. No hand-holding, no welfare state. The fittest shall inherit the Earth. |
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wonkytonky
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April 11, 2013, 07:34:59 PM |
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i saw some little trades come up on gox ..
0.03 9 minutes ago 124.90
mtgox 0.11 9 minutes ago 124.80
mtgox 0.20 9 minutes ago 124.00
mtgox 40.87 9 minutes ago 123.40
:-) it's UP hehe
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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NamelessOne
Legendary
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Activity: 840
Merit: 1000
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April 11, 2013, 07:35:45 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all +1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up. They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox. |
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Adrian-x
Legendary
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Activity: 1372
Merit: 1000
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April 11, 2013, 07:36:53 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all
Mt. Gox. is crashing the other exchanges, 6 weeks from now when the 200,000 new users do their analysis they will see the price never dropped @ Mt. Gox therefore it is the most stable exchange. 2 years from now people in the 10,000 post will be arguing whether or not the crash was actually a crash. *Edit* They are selling all the new coins they got from the lag yesterday. |
Thank me in Bits 12MwnzxtprG2mHm3rKdgi7NmJKCypsMMQw
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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April 11, 2013, 07:37:05 PM |
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i saw some little trades come up on gox ..
0.03 9 minutes ago 124.90
mtgox 0.11 9 minutes ago 124.80
mtgox 0.20 9 minutes ago 124.00
mtgox 40.87 9 minutes ago 123.40
:-) it's UP hehe
the must be doing some testing. |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1038
Trusted Bitcoiner
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April 11, 2013, 07:38:55 PM |
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It turns out Mt. Gox. shutting down was a bad idea in retrospect, when they shutdown the downwards lag-crash was about to recover and go up and lag was coming down. Now it's just a crazy free-for-all +1 to this. It WAS going up. It had bottomed out at 112 and there were some big buys happening and an earnest climb back up. They should have waited for when the whole market wasn't watching in fear as it was lingering at a hotspot bottom. Another questionable decision from MtGox. its gr8! its raining coins everywhere now, buy them out on the cheap and then when mtgox reopens watch what limited supply and high demand does to price |
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