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xboxsold (OP)
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February 28, 2015, 02:18:59 AM |
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Im I the only one that sees something wrong with this orderbook. So Thin -- and all bids jump to keep the price up -- with no sellers to speak of.. If yo  ur a trader you will know what im saying.. you seen it yourself.. Please comment.  |
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xboxsold (OP)
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February 28, 2015, 02:58:30 AM |
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But if you where watching the markets at the time you would see it was several orders hundreds of them for different amounts.. Also I have been trading for some time and the movement was very strange.. Suddenly buy orders would come in like 700 right in the middle of the market dumping.. for example .. Humans dont do that.. they gauge the markets and make and cancel orders depending on conditions.. Unless they are set and forget orders.. Here is a real thin orderbook.  |
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Q7
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February 28, 2015, 02:58:56 AM |
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It doesn't mean that you will need a news event for the price to jump. A wise and shrewd trader would have bought earlier even before the news event is announced. Else what's the point on buying on a higher price after the news have come out. The investor will probably have insider information before hand so you will never know. And it's never meant to be a fair trading in the first place.
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LRENZ
Newbie
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Activity: 55
Merit: 0
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February 28, 2015, 03:04:20 AM |
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Lol you must be new. Welcome to bitcoin.
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Raystonn
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February 28, 2015, 03:57:07 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
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Divinespark
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February 28, 2015, 04:06:17 AM |
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Yep, it has been a baffling price move, but maybe merely a technical move with some guys taking off shorts
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ebliever
Legendary
Offline
Activity: 1708
Merit: 1035
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February 28, 2015, 04:10:31 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
I think that's a little too tenuous of a connection. The point made above about the increase being driven by a number of orders suggests a limited pool of people "in the know" suddenly wanting to buy bitcoin. Will be interesting to see if it does turn out to be some kind of stocking up ahead of an important news release. Or maybe somehow related to how things are going for the March 2 auction? |
Luke 12:15-21
Ephesians 2:8-9
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skeletonbit
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February 28, 2015, 04:28:24 AM |
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The recovery seems to be taking way too long but I'm almost sure the price will recover.
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Chef Ramsay
Legendary
Offline
Activity: 1568
Merit: 1001
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February 28, 2015, 05:56:58 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
And thus spreading the streaming around to all which means the current paying customers, that are used to superb service, are measured out to receive the mediocrity that this will provide. Like, give to all by mandate and those in the payment cycles will suffer streaming efficiencies but have no recourse because of this piece of buttcrack government shit. amiright?  |
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Bobsurplus
Legendary
Offline
Activity: 1008
Merit: 1000
Making money since I was in the womb! @emc2whale
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February 28, 2015, 06:04:16 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
And thus spreading the streaming around to all which means the current paying customers, that are used to superb service, are measured out to receive the mediocrity that this will provide. Like, give to all by mandate and those in the payment cycles will suffer streaming efficiencies but have no recourse because of this piece of buttcrack government shit. amiright? You're right! |
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Cconvert2G36
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February 28, 2015, 06:11:37 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
And thus spreading the streaming around to all which means the current paying customers, that are used to superb service, are measured out to receive the mediocrity that this will provide. Like, give to all by mandate and those in the payment cycles will suffer streaming efficiencies but have no recourse because of this piece of buttcrack government shit. amiright? They'll never learn. Regulate: For the Children! and their netflix! |
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Raystonn
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February 28, 2015, 07:12:38 AM |
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No time. Quick message. There has been much news today.
One piece no one has mentioned here. Regulation of internet means everyone will have access to the internet, and thus to Bitcoin, by government guarantee.
And thus spreading the streaming around to all which means the current paying customers, that are used to superb service, are measured out to receive the mediocrity that this will provide. Like, give to all by mandate and those in the payment cycles will suffer streaming efficiencies but have no recourse because of this piece of buttcrack government shit. amiright? They'll never learn. Regulate: For the Children! and their netflix! Agreed. Power corrupts. |
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v0yager
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February 28, 2015, 07:31:15 AM |
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News isn't necessary for the rising price, Please don't try so hard to find any related news after the price rise or drop.
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Q7
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February 28, 2015, 08:22:37 AM |
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Well, this is probably the second post I've read that points to bitcoin approaching the breakpoint level. I mean if it's true, we should see a steady climb once it touches that level with strong buying support driven mainly by the fundamentals. The next week should be interesting. |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 28, 2015, 09:38:38 AM |
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I suggest to back off looking every day at bitcoin price and starting new thread accordingly. We are currently in the process of ending the down trend, meaning we may be, as well establishing a horizontal channel within the range $200-250, and stay there for some longer time (till summer?). For now, I don't see any major developments that would fundamentally increase the price of Bitcoin. On the other end, even potentially negative news, like the BTER one, do not do much harm to the price.
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Brooker
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February 28, 2015, 10:36:03 AM |
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It doesn't mean that you will need a news event for the price to jump. A wise and shrewd trader would have bought earlier even before the news event is announced. Else what's the point on buying on a higher price after the news have come out. The investor will probably have insider information before hand so you will never know. And it's never meant to be a fair trading in the first place.
Exactly. Besides, you should know by now that bitcoin is wild and unpredictable and does whatever it wants but it's always just down to supply and demand. doesn't have to be news though people always look for it. this guy thinks it's because of Kim Dotcom : https://bitcointalk.org/index.php?topic=971645.0 |
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uki
Legendary
Offline
Activity: 1358
Merit: 1000
cryptojunk bag holder
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February 28, 2015, 01:45:17 PM |
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That is also true. Bitcoin movements are of speculative character and that is for now the main driving force behind the price ups and downs. As such there is no need for any particular news to make the price moving up or down. We tend to look for a justification of the price behaviour looking for the headlines and trying to find the 'correct' one, but that is pointless at this stage of adoption. only broader adoption of Bitcoin would move us out of this speculative game.
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