We never did test the $32 to $45 range. Maybe it's time we did.
That'll never happen, we're seeing plenty of buying action right now and it'll only skyrocket as and if the price seeps any lower. The panic selling is just about over and the bulls' fiat is picking off whatever coins they can and a market switcharoo is a coming. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23606. (Read 26713348 times)
January 13, 2015, 12:22:16 AM
January 13, 2015, 12:16:03 AM
Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
N00b, you know nothing of Beanie Babies. Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u? Fuck no is right!
http://s30.postimg.org/a8n4o8v9d/beanie1.gif
Perpetuum mobile. It goes on for eternity.
January 13, 2015, 12:14:38 AM
We never did test the $32 to $45 range. Maybe it's time we did.
January 13, 2015, 12:14:28 AM
Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
N00b, you know nothing of Beanie Babies. Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u? Fuck no is right!
http://s30.postimg.org/a8n4o8v9d/beanie1.gif
January 13, 2015, 12:13:19 AM
Oh fuck it. I'm going to sleep. Good night gentlemen, have fun watching the show.
January 13, 2015, 12:11:51 AM
Oh man, not feeling too good. 
Not exactly sure which one is beefing but I have a good idea. Must've seen a fatty, naked and smelly. 
January 13, 2015, 12:10:30 AM
At a loss? All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face 
Exactly. And you haven't bought any since that one @ $2.5, because what sort of a rube would do that, amirite?
Right on!
P.S: I'm not just smiling reading this thread, I'm laughing. Can't remember ever being this happy!
January 13, 2015, 12:09:51 AM
This is like $1000 but in complete opposite. 
In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges.
I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total.
Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months.
Or BTC farms are getting insolvent and being liquidated causing a domino effect. Guessing hardware providers will be getting squeezed too now
January 13, 2015, 12:06:44 AM
At a loss? All the permabulls got coin @ $6, if I'm to take their word for it.
I still have that 2.5$ coin in my wallet, reading this thread with a smile on my face 
January 13, 2015, 12:06:14 AM
This is like $1000 but in complete opposite.
In a sense it is. Everything indicates that the Nov/2013 bubble was the opening of the Mainland Chinese market, specifically the Chinese amateur and semi-professional commodity day-traders, through Huobi, OKCoin and other little-known Chinese exchanges.
I believe that what we have seen through 2014 and now is those Chinese traders are gradually getting disappointed with bitcoin and dumping the coins that they bought during that rally, which then come back to the "West" through arbitragers. My guess is that those coins included the ~700 kBTC that went missing from MtGOX, and an unknown amount from other sources. Perhaps 1 or 2 million BTC in total.
Normally I would expect an exponential decay than slows down with time, as in the Feb/2013 and Apr/2011 bubbles. However, in the last couple of months the decay seems to be linear, or even faster than linear. Perhaps the Chinese speculators are moving their money to the Chinese stock market, which has been booming in recent months.
January 13, 2015, 12:03:31 AM
...
Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss
Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss
At a loss? All the permabulls got coin @ $6, if I'm to take their word for it.
January 13, 2015, 12:02:51 AM
January 13, 2015, 12:01:09 AM
what exchanges have a stop loss feature? seems dangerous with whales and a thin market.
Why are people even trading btc?
Some people just bought thousands of BTC for under $260. And somebody cashing out huge most likely at a loss
January 13, 2015, 12:00:06 AM
January 12, 2015, 11:58:30 PM
...
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
Mabel, he's dead, we burred the boy. That ...that THING knocking at our door ain't our Bitcoin. Some things are best let go, you ...you don't want him back like ...that.
January 12, 2015, 11:56:47 PM
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you.
January 12, 2015, 11:54:28 PM
You can ruin the market, but Bitcoin can't die. Mining is still increasing. We just need a better market.
I'm fully convinced that it's leverage that's killing us right now. It's way too easy to be able to short after a bubble top. The truth is though, I'd never trust an exchange with any significant amount of coin. If you don't hold the keys, the coins don't belong to you.
January 12, 2015, 11:53:37 PM
Bitstamp | Total bids: 1066639 USD. Total asks: 12160 BTC. Ratio: 87.71315 USD/BTC.
😈
😈
wow, only million in bids
January 12, 2015, 11:51:39 PM
Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
N00b, you know nothing of Beanie Babies. Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u? Fuck no is right!
http://s30.postimg.org/a8n4o8v9d/beanie1.gif
January 12, 2015, 11:48:58 PM
Next for sale is Alana the Hula BTCeanie BTCaby. She retails for $9.99 USD... which means that she has risen in value over 1,000,000,000% since she was first created out of scraps in an Indonesian factory in 1996! Think of the potential! Any bidders?
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
http://mentalfloss.com/sites/default/legacy/wp-content/uploads/2008/12/beanie.jpg
N00b, you know nothing of Beanie Babies. Just a get-rich-quick scheme 2 u, didn't even read the whitepaper, did u? Fuck no is right!
http://s30.postimg.org/a8n4o8v9d/beanie1.gif
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