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Topic: RALLY TIME!!! - page 2. (Read 6415 times)

sr. member
Activity: 476
Merit: 250
The first is by definition not flawed.
February 23, 2012, 02:30:50 PM
#45
mini crash to 4.50, then rally will continue.

would shure hope so - the RSI over 70 makes me itchy
legendary
Activity: 947
Merit: 1042
Hamster ate my bitcoin
February 23, 2012, 01:29:59 PM
#44
mini crash to 4.50, then rally will continue.
sr. member
Activity: 322
Merit: 250
We are bees, and we hate you.
February 23, 2012, 01:17:38 PM
#43
alright

that was a rally

We're just warming up Smiley
We better be. Keep this train rollin'!
hero member
Activity: 686
Merit: 500
Bitbuy
February 23, 2012, 12:47:12 PM
#42
alright

that was a rally

We're just warming up Smiley
legendary
Activity: 3318
Merit: 4606
diamond-handed zealot
February 23, 2012, 12:41:59 PM
#41
alright

that was a rally
legendary
Activity: 1904
Merit: 1002
February 23, 2012, 09:54:41 AM
#40
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.
Some companies accept bitcoin, but don't want to run the risk of the rate changing too much. So they set up a huge sell order for a very low price, and just send all their bitcoins to MtGox, where they're instantly converted to USD.

This.
hero member
Activity: 714
Merit: 504
^SEM img of Si wafer edge, scanned 2012-3-12.
February 23, 2012, 02:11:36 AM
#39
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.
Some companies accept bitcoin, but don't want to run the risk of the rate changing too much. So they set up a huge sell order for a very low price, and just send all their bitcoins to MtGox, where they're instantly converted to USD.
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
February 23, 2012, 02:08:00 AM
#38
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.

That doesn't make any sense.

But I guess it's possible someone may have been using a buy stop, if such a thing exists somewhere (bitcoinica?).  I have no clue, since I only use mtgox.
legendary
Activity: 1904
Merit: 1002
February 23, 2012, 01:36:55 AM
#37
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.

Sometimes bitcoin prices are quoted using the lower exchange rate, and when the bitcoins are received they are sold with a market order.  Some services do this automatically.
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
February 23, 2012, 01:30:06 AM
#36
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.

if you mean 'sometimes' as in '95% of the time you'll make less'...  this isn't a sell at $4.69 after a buy at $4.70.  it's a sell at $4.60 after tens of thousands have been bought over a period of 30 minutes... well above the $4.60 mark.
legendary
Activity: 1904
Merit: 1002
February 23, 2012, 01:04:04 AM
#35
I'm thinking this might be due to people liquidating their short positions from $6. Who knows where we are going to end up after all this.

3.8
hero member
Activity: 560
Merit: 500
February 23, 2012, 01:02:36 AM
#34
I'm thinking this might be due to people liquidating their short positions from $6. Who knows where we are going to end up after all this.
hero member
Activity: 699
Merit: 500
Your Minion
February 23, 2012, 12:59:26 AM
#33
Up! Then down, down, down  Wink
sr. member
Activity: 364
Merit: 250
February 23, 2012, 12:50:37 AM
#32
Buy Buy
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 23, 2012, 12:48:03 AM
#31
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

yes, seriously.  If all the sellers just gathered up their coins and moved up, the price would go up Wink
sarcasm
legendary
Activity: 1904
Merit: 1002
February 23, 2012, 12:41:59 AM
#30
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes

Because a guaranteed profit sometimes beats placing an order and hoping the trend continues.
zvs
legendary
Activity: 1680
Merit: 1000
https://web.archive.org/web/*/nogleg.com
February 23, 2012, 12:41:09 AM
#29
sorta makes me wonder why ppl are selling at 10 cents below latest buy price, considering someone has bought like 20,000 in the last 10 minutes
donator
Activity: 1218
Merit: 1015
February 23, 2012, 12:35:08 AM
#28
We can have one but it's not here yet. $4.80 and I will call a rally.
Are we close enough, now?
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 23, 2012, 12:28:43 AM
#27
It's starting! Everyone tune in!
hero member
Activity: 784
Merit: 1000
bitcoin hundred-aire
February 23, 2012, 12:24:59 AM
#26
Wall got smaller in the last few hours, it's now 4k BTC Smiley
Bid side filling up nicely!
Get ready.. something might happen Grin
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