Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28593.

chessnut

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Quote from: windjc on April 02, 2014, 01:02:15 AM

Quote from: chessnut on April 02, 2014, 01:00:27 AM

Quote from: surfer43 on April 01, 2014, 11:47:16 PM

pls stop dumping. Sad

dumping? I dont see any dumping.

china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.

So in about 6 hours the market is going to move higher up?

Can I quote you on that?

I cant guarantee anything, but that is my view. I dont now what sequence of real events will unfold in china today.

If you wanna do things anally, fine. quote me. and I will invite you to quote me if I am right.

windjc

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Activity: 2156

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Quote from: chessnut on April 02, 2014, 01:00:27 AM

Quote from: surfer43 on April 01, 2014, 11:47:16 PM

pls stop dumping. Sad

dumping? I dont see any dumping.

china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.

So in about 6 hours the market is going to move higher up?

Can I quote you on that?

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

klopper

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surfer43

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"Trading Platform of The Future!"

Quote from: chessnut on April 02, 2014, 01:00:27 AM

Quote from: surfer43 on April 01, 2014, 11:47:16 PM

pls stop dumping. Sad

dumping? I dont see any dumping.

china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.

You missed it, it was 2 hours ago. Tongue

chessnut

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Activity: 924

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Quote from: surfer43 on April 01, 2014, 11:47:16 PM

pls stop dumping. Sad

dumping? I dont see any dumping.

china is leading. Its mid day there. now is the time where surprise confirmations of the official ban confirmation might come around and scare the satoshis out of the chinese. when this risk is gone, just like yesterday, we will see a risk on move. probable around 6 hours from now.

windjc

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Activity: 2156

Merit: 1070

Quote from: aminorex on April 02, 2014, 12:54:48 AM

Quote from: windjc on April 02, 2014, 12:35:42 AM

Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.

Miners can't sell now. They would lose money. Second Market alone eats up almost half the mined coins anyhow. Supply here is coming from weak hands at a loss, or from old hoards.

How do you calculate that Second Market is eating up HALF of the coins everyday.? I think that is a stretch. SecondMarket had around 15million buys in March, at $600 that is about 25,000 coins. There are approximately 108,000 coins mined each month. At best, they bought a 1/4 of them last month. But they are also buying from old hands too, so who knows how many of the new coins they are buying.

Plus you are contradicting yourself - you said miners can't sell, but Second Market is buying from miners. What kind of a theory is that? Wink

windjc

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Quote from: ?? on ??

Quote from: windjc on April 02, 2014, 12:43:18 AM

Quote from: ?? on ??

Quote from: windjc on April 02, 2014, 12:35:42 AM

Whats the difference between 400 and 470? Granted, its 17.5%,

LOL, even for you Windy that's hilarious

How've you been matey? Long time no speak....how's South Califor-NI-A?

That sounded like an insult. I think my point is still valid. If the bid money really thinks $470 is cheap, why are they waiting for lower?

Cali is nice as always. Actually got some rain last night which was much needed.

Hey, I always try to slip one in Wink

Seriously, 17.5% is a good return in the 'real world'....I think we have been seduced by previous high gains. The market is tightening...the days of 'easy' money have probably gone. The bid money clearly doesn't think $470 is cheap...only the bulls think that and as you say its a bearish market now.

Glad you got some rain...we had some big storms the last few nights...the last of the wet season probably...its always nice as the dry approaches.

I was actually just responding to EuroTrash's suggestion that some of that bid volume is fake. I don't know if that's true, but if its not, its a bunch of stupid traders. That many obvious bids certainly isn't going to help bring the market close to their bids, that's for sure.

aminorex

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Sine secretum non libertas

Quote from: windjc on April 02, 2014, 12:35:42 AM

Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.

Miners can't sell now. They would lose money. Second Market alone eats up almost half the mined coins anyhow. Supply here is coming from weak hands at a loss, or from old hoards.

surfer43

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"Trading Platform of The Future!"

I think the buy support is real. People were selling into 475 on Bitstamp and the buy orders at 475 continued to be refilled to above 400. People are buying at this price.

windjc

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Merit: 1070

Quote from: ?? on ??

Quote from: windjc on April 02, 2014, 12:35:42 AM

Whats the difference between 400 and 470? Granted, its 17.5%,

LOL, even for you Windy that's hilarious

How've you been matey? Long time no speak....how's South Califor-NI-A?

That sounded like an insult. I think my point is still valid. If the bid money really thinks $470 is cheap, why are they waiting for lower?

Cali is nice as always. Actually got some rain last night which was much needed.

EuroTrash

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Quote from: ?? on ??

Quote from: surfer43 on April 01, 2014, 11:47:16 PM

pls stop dumping. Sad

You make that request about once a day now.
Shall we all join hands and ask together?

That must be as effective as signing a petition asking Putin to renounce to Ukraine's annexion. Lol

JorgeStolfi

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Huobi's volume today, 08:00 to 12:00 local time, was only 1.23 kBTC. It has been usually 10 times as much in recent days (except on Sunday Mar/23 when they had the DDOS attack), sometimes 50x as much.

Evereybody is waiting for news?

windjc

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Quote from: EuroTrash on April 02, 2014, 12:12:58 AM

Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.

I think this is the epitome of a bear market condition. Bitcoin is currently inflationary, so without a certain amount of new money coming in, the market goes down.

There are a lot of bids down to 400. But if they were so eager to buy, why are they not buying? Whats the difference between 400 and 470? Granted, its 17.5%, but still if they wanted the coins so bad, they are right there for the taking.

In my opinion, the longer we don't go up, the more likely we are to go down. Its already Wednesday in most places. We have about 36 hours to make an upwards move, in my opinion, or there are going to be some selling going on.

Of course, I guess we could just inch down like we did from 710 slowly and surely.

EuroTrash

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Feeling fear again.
The bid side looks enormous but I think it is fake as it always has been during the crash. (Coinbase/SecondMarket bots?)
The ask side looks thin and that is probably real. Whoever wanted to sell already did before.
If no new money comes in, prices naturally drop slowly because fees.
And market apathy doesn't do good to bitcoin. Makes hodlers go nervous.

ChartBuddy

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surfer43

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pls stop dumping. Sad

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

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JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: KeyserSoze on April 01, 2014, 09:05:28 PM

Quote from: JorgeStolfi on April 01, 2014, 08:42:13 PM

A Judge Has Ordered The CEO Of Bankrupt Bitcoin Exchange Mt. Gox To Appear In The US
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01

Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface?

Do you they have those orange jump suits in XXX-Large?

And, a four legged one for his cat?

JayJuanGee

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Activity: 3948

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: KeyserSoze on April 01, 2014, 09:05:28 PM

Quote from: JorgeStolfi on April 01, 2014, 08:42:13 PM

A Judge Has Ordered The CEO Of Bankrupt Bitcoin Exchange Mt. Gox To Appear In The US
http://www.businessinsider.com/r-judge-orders-mt-gox-ceo-to-us-for-questions-on-failed-bitcoin-exchange-2014-01

Will the plane make it to the USA or will it be diverted to Gitmo, with Mark never to be seen again until the Polaroids of him being peed on by Gitmo guards surface?

"Peed" sounds too Pg-13.

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