Spekulatius
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Activity: 1022
Merit: 1000
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June 16, 2012, 04:29:58 AM |
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At least hes got 200.000 of that olde money
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notme
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Activity: 1904
Merit: 1002
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June 16, 2012, 04:30:38 AM
Last edit: June 16, 2012, 04:44:52 AM by notme |
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No sellers, Okay!  |
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Hexadecibel
Human Intranet Liason
VIP
Hero Member
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Activity: 571
Merit: 504
I still <3 u Satoshi
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June 16, 2012, 04:36:08 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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June 16, 2012, 04:39:27 AM |
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u got it pony!
YEEHAAAHH!!!
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 16, 2012, 04:40:35 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
hey if it works.... |
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Spekulatius
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Activity: 1022
Merit: 1000
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June 16, 2012, 04:41:39 AM |
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 gotcha!  |
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Sitarow
Legendary
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Activity: 1792
Merit: 1047
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June 16, 2012, 04:42:35 AM |
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Wow the bitcoin wall of glory is back!
You bet! |
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 16, 2012, 04:43:47 AM |
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Anyone want to sell some bitcoins?  |
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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June 16, 2012, 04:47:03 AM |
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someone just sold 3000 BTC into it.  |
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adamstgBit (OP)
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 16, 2012, 04:47:42 AM |
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the market is being manipulated! quick sell all your coins into the 6.5 wall, if we work together we can make this manipulator guy lose! a... few ... dollars.... ok well if you can't beat them... |
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FreeMoney
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Activity: 1246
Merit: 1016
Strength in numbers
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June 16, 2012, 04:48:56 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
Maybe they think if they wait it will be higher? plausible imo. |
Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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FreeMoney
Legendary
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Activity: 1246
Merit: 1016
Strength in numbers
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June 16, 2012, 04:49:46 AM |
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And another theory: This is slowly, someone wants 1M+ worth.
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Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone. |
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Spekulatius
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Activity: 1022
Merit: 1000
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June 16, 2012, 04:56:41 AM |
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Although the 30k BTC ask wall stands directly at 6.50$, seemingly no one wants to make a buy right now. I think this is caused by the ask wall being placed and removed all the time, so people dont feel save about it and the back up it provides for buyers.
Actually the player behind it seems pretty determined to bring the price up by constantly moving his/her wall forward when prices rise, so there seems no need for such precaution. But of course, no one wants to be in the front row, just in case the man decides to remove his wall for once.
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Spekulatius
Legendary
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Activity: 1022
Merit: 1000
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June 16, 2012, 05:00:10 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
Maybe they think if they wait it will be higher? plausible imo. I think the common suspicion goes, that he/she/it? has an equal amount of funds on the other side (in this case in BTC) and wants people to buy them high from he/she/it?? (--> She+He+IT=SHIT!) and sell em low to SHIT. Like large scale ping pong. |
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Sitarow
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Activity: 1792
Merit: 1047
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June 16, 2012, 05:07:59 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
Without proper perspective as to the motivation the possibilities are numerous. Maybe they'er in the know about the rumor that Germany pulling out of the EURO and they needed to find a quick option before marketss open on monday? Then again maybe one should plan for 30k of BTC to be sold back onto the market later next week? |
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 16, 2012, 05:11:34 AM |
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Can someone explain to me the logic behind this? Is this really manipulation?
I would figure that if it really was someone who wanted to buy 200k worth of coins they would do it in small bits over time
Without proper perspective as to the motivation the possibilities are numerous. Maybe they'er in the know about the rumor that Germany pulling out of the EURO and they needed to find a quick option before marketss open on monday? Then again maybe one should plan for 30k of BTC to be sold back onto the market later next week? Fat arb opportunity, but if you go for it and don't have the money ready to buy on the other exchanges, then they will snipe you because they do? Of if you buy up the others first they pull the wall? |
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adamstgBit (OP)
Legendary
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Activity: 1904
Merit: 1037
Trusted Bitcoiner
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June 16, 2012, 05:16:01 AM |
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And another theory: This is slowly, someone wants 1M+ worth.
it must be really frustrating trying to buy 1M+ worth once again bids are starting to pill up in front of THE WALL |
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nimnul
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June 16, 2012, 05:26:13 AM |
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At the moment there is 9.6% arb between mtgox and cbx and you can earn whooping 57 USD if you buy 100 BTC at cbx and sell them at mtgox (but I think commissions would eat that) But for 1000 BTC the difference is just... nothing, there are no 1000 BTC on cbx at any price  And I think this situation will be here for long. |
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wrend
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Activity: 76
Merit: 10
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June 16, 2012, 06:23:45 AM |
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 screenshot taken around: 6:17 Saturday (GMT) - Time in Greenwich Mean Time |
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phelix
Legendary
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Activity: 1708
Merit: 1020
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June 16, 2012, 09:52:29 AM |
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it would be nice to make an animation (or some analysis) from this: http://bitcoinx.com/pics/mtgoxusd_2012_depth_history.7z (15mb) each line is one json full mtgox usd depth since december 19th, 2011 every ~1000secs (17mins) be carefull, this is a bomb extracting to 4,7gb (all duplicates) i use it for the diagram on the bottom of http://bitcoinx.com/charts - unfortunately it is quite a macro view |
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