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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25796. (Read 26623515 times)

member
Activity: 70
Merit: 10
!! Why are people selling? Oh well, I'll keep buying!! In less than a year, I'm going to be rich!

Can't tell if trolling... or just stupid...
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
At times like these, faith could be such a comfort...


"Bitcoin is the ^^Devil's^^ way of teaching geeks economics." Revalin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
we are making a new 30 day low!!
hero member
Activity: 545
Merit: 500
Cool

Did you short Adam? If so you must be having a blast watching this come down. What u think is the reason? I think gox being gone with the pump fakebots is the true cause.

lol are you nuts!?

So you are in pain watching this? Sorry to hear that.
hero member
Activity: 545
Merit: 500
Cool

Did you short Adam? If so you must be having a blast watching this come down. What u think is the reason? I think gox being gone with the pump fakebots is the true cause.

too much supply without enough demand.  Wink

Thats another description of what I just said. The demand for coins at that price level was never real in the first place. Now we return back to where bitcoin truly belongs.
full member
Activity: 336
Merit: 100
!! Why are people selling? Oh well, I'll keep buying!! In less than a year, I'm going to be rich!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Cool

Did you short Adam? If so you must be having a blast watching this come down. What u think is the reason? I think gox being gone with the pump fakebots is the true cause.

lol are you nuts!?
sr. member
Activity: 378
Merit: 254
At times like these, faith could be such a comfort...

legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
Cool

Did you short Adam? If so you must be having a blast watching this come down. What u think is the reason? I think gox being gone with the pump fakebots is the true cause.

too much supply without enough demand.  Wink
hero member
Activity: 545
Merit: 500
Cool

Did you short Adam? If so you must be having a blast watching this come down. What u think is the reason? I think gox being gone with the pump fakebots is the true cause.
member
Activity: 70
Merit: 10
I'm almost sure that in the night it will recover part of the loss, let's say 460$
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
hero member
Activity: 545
Merit: 500
10k $ Bitcoin when?

By christmas... oh wait thought u said $10  Cheesy
sr. member
Activity: 546
Merit: 250
lol shorts are truly spiking HARD




BTC Swaps Opened 24h

2,696.56

NOT BAD


[img width="200"]http://prisonorfreedom.com/wp-content/uploads/2014/03/Prentice-Dorian-Satoshi-Nakamoto.jpg[/img]

Everybody is going all in! Rates are also low! Some borrowers will cut their looses later.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Btw, does anyone have the "Come on bitcoin, do something"  pic? I can't seem to find it

down 4% in a day isn't enough?
hero member
Activity: 588
Merit: 500
10k $ Bitcoin when?
sr. member
Activity: 378
Merit: 254
...
Err...  Exchange price reflects ...BTC price on that particular exchange.  It is not meant to be a general indicator of Bitcoin's welfare.  It tells you how much you would have to pay for coin there.
Just like the prices on the side of an ice cream truck tell you how much you 'd have to pay for an ice cream cone from that truck.
Not how good ice cream is.
Not what a fair price for ice cream is.
Not how much you should expect to pay tomorrow.
Just what you have to pay there, now.

The exchanges are for-profit companies.  They exist to make money.  They don't have to be your teachers or even your friends.  The only recourse you have, if you think an exchange is not doing what it should, is not use the exchange.

NotLambChops:   From time to time, your writing has indicated that you have the potential to be a fairly smart person (or bot); however, your above comment seems to attempt to purposefully minimize the role of the exchanges... maybe in an attempt to suggest that manipulation is NOT a problem and/or that all is well in the bitcoin space b/c it is following the "free market." 

There are a lot of ways that people and/or bots (through people) can participate in the BTC market - and the activity and/or manipulations of exchanges can affect you, whether or NOT you directly participate on that exchange.  Would anyone deny that GOX had an impact on BTC prices and/or reputation?  Would anyone deny that the chinese exchanges influenced BTC prices and reputation in various ways?  Maybe in the long run it all evens out, yet I get the sense that trajectories are established that change the course of history, and sometimes those trajectories go beyond some concept of an innocent "free market." 

For example,  Exchanges set the price for BTC overall because over the counter trades will use exchange prices, and also as we know there is arbitrage taking place between exchanges... and if some exchanges do NOT have trading fees, that affects volume... and if some exchanges are trading BTC that they do NOT actually have in their possession ( a form of fractional reserve), then that also could have considerable affects on BTC prices and/or the utility and/or reputation of BTC.

Lol, I'm not saying what an exchange should be, or denying that exchanges' behavior affects Bitcoin.
I'm just explaining what an unregulated exchange IS--a for-profit operation that owes you nothing above what you can take from it.
Which, without regulations, government intervention on your behalf, or a standing army of your own, is NOTHING.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
time to dump back to $10? lol  Cheesy

1$ is a very important psychological support!

all your Bitcoins belong to me. let it go down. let's party!  Grin
hero member
Activity: 504
Merit: 500
Moderator
NMC pump! LTC is next!
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