ajareselde (OP)
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Activity: 1722
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Satoshi is rolling in his grave. #bitcoin
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February 27, 2015, 05:51:31 AM |
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Panic buying / short covering... a natural reaction from deep oversold conditions. I'm betting this one is sustainable.
im betting the same, it was obvious from the behaviour of the wall placings on btcchina (where the rise started as far as iwe seen it) that someone was rising the price buying @ market price, placing buy walls under it, and then remove them with a much smaller buy walls that went down fast, and then again reversal to buying and placing walls again.. from all of this, it seams logical to assume that someone is interested in gaining alot of coins @ about 1590 cny, and if thats their entering position, this is going above 260/270 $ easily. cheers |
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CtrlAltBernanke420
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February 27, 2015, 09:27:00 AM |
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this is an example of what it would look like in search for liquidity at a much higher level for many sustained hours.
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ndnh
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New Decentralized Nuclear Hobbit
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February 27, 2015, 09:30:10 AM |
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Market sentiment seems to have turned to very bullish. Though price depends mostly on whale sentiments  , we can still expect it to go Moon and Beyond |
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Big0Bang
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February 27, 2015, 10:12:20 AM |
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It' the time to end the bearish market! Hope the bull would come to us soon.
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toknormal
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February 27, 2015, 10:20:22 AM
Last edit: February 27, 2015, 10:39:23 AM by toknormal |
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croato
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February 27, 2015, 10:21:24 AM |
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Bitcoin is still undervaluated big time, i guess we will see 300tish very soon...
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NUFCrichard
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February 27, 2015, 10:31:47 AM |
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A flat market doesn't make anyone any money, the whales want it to move one way or another so they can cash in, this is probably just another example. At least it is in our direction this time  |
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UnDerDoG81
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February 27, 2015, 01:19:22 PM |
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Mega switches from PayPal to Bitcoin.
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brokenchair
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Activity: 109
Merit: 10
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February 27, 2015, 01:38:11 PM |
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Whales don't want anyone getting large quantities of coin on the cheap from the auction..... or an auction buyer wants to spur a rally, get coins, and dump higher. I don't know, make up whatever theory you want  |
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Q7
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February 27, 2015, 01:45:24 PM |
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Right now, it looks pretty normal to me. Even though it is a $14 rise in just a matter of minutes, during the course of its history, we have seen equivalent or much faster meteoric rise of bitcoin. right now, that's pretty typical. At one time, if I can still remember it was like $30 in just a blink of an eye.
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the_sunship
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February 27, 2015, 01:46:38 PM |
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it's been a few days since Morgan Spurlock did his special on CNN. It was a very positive program for BTC and I think it was shown worldwide (on TV - not just the internet). It takes a few days to open and fund accounts but I'm sure it convinced a few thousand to join the troops.
MEGA is also very positive news IMHO as they will lead the charge for many similar sites....
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ajareselde (OP)
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Activity: 1722
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Satoshi is rolling in his grave. #bitcoin
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February 27, 2015, 03:24:00 PM |
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it's been a few days since Morgan Spurlock did his special on CNN. It was a very positive program for BTC and I think it was shown worldwide (on TV - not just the internet). It takes a few days to open and fund accounts but I'm sure it convinced a few thousand to join the troops.
MEGA is also very positive news IMHO as they will lead the charge for many similar sites....
ok , so this is too weird to just be a coincidence: Kim Dotcom ✔ @KimDotcom Follow Let's give Bitcoin a boost :-) #Mega 6:39 AM - 27 Feb 2015 moments after, spike of 10% happened.. and i doubt its gonna stay only on =<10% cheers |
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mtwelve
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February 27, 2015, 03:25:00 PM |
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I looks like its either stagnating or on its way back down again  |
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ajareselde (OP)
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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February 27, 2015, 03:35:05 PM |
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I looks like its either stagnating or on its way back down again If you wanted to buy large amount of coins, would you do a market order worth all your money, or would you buy some, wait the price to stagnate/drop, and buy more ..etc There is no reason why anyone sane would do a one click buy, it would just be a waste of funds. Observe the "walls" , its obvious whats happening, atleast it seams to me. cheers |
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brokenchair
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February 27, 2015, 03:44:17 PM |
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I looks like its either stagnating or on its way back down again If you wanted to buy large amount of coins, would you do a market order worth all your money, or would you buy some, wait the price to stagnate/drop, and buy more ..etc There is no reason why anyone sane would do a one click buy, it would just be a waste of funds. Observe the "walls" , its obvious whats happening, atleast it seams to me. cheers If there was no immediate upswing incoming you would chain buy. If you wanted to create a fake rally, you would keep chain buying. If you had some inside news about something imminent and wanted to enter a market at a good price (or wanted to enter before the weekend pump lol) it would make sense to slam buy orders hard before everyone caught on, the news was released, the event happened, etc. So, most likely the large buy foreshadows a big upward move........or the person is retarded  |
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ThatDGuy
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February 27, 2015, 04:28:03 PM |
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If he was the one actually buying BTC, it would make sense to mention it after buying. |
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Bit_Happy
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A Great Time to Start Something!
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February 27, 2015, 04:28:57 PM |
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it's called a breakout.
b/c it's time.
Yes, people are eager to get the Big Rally started. |
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ajareselde (OP)
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Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
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February 27, 2015, 04:34:43 PM |
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If he was the one actually buying BTC, it would make sense to mention it after buying. He is a big player, big character that has the ears of many people. Therefore, while his mentioning it would provide other people to act upon his statement and take a share of profit he may have, he statement can and will also bring more people investing in bitcoin. Some of those who agreed and respected what he does, will also now embrace bitcoin, because it is something that he now promotes. Its also relevant that he is mad at paypal, and when it comes to emotions,people dont allways do the most profitable thing, rather than the most harmfull thing to the other party involved. cheers |
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NotLambchop
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February 27, 2015, 04:36:52 PM |
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... So, most likely the large buy foreshadows a big upward move........or the person is retarded It's called a pump.  |
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