Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31153.

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: maz on December 05, 2013, 06:50:40 AM

Quote from: KieranJones1 on December 05, 2013, 06:46:08 AM

Quote from: maz on December 05, 2013, 06:44:34 AM

Quote from: inca on December 05, 2013, 06:37:51 AM

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Ok sheep-boy, this drop hasn't even started yet, the ramifications of this will lower the price for weeks to come. Bitcoin could essentially loose 50% of its customer base if China cracks down on it.

Sigh... China isn't cracking down on it. Read a translation rather than just going by what random people tell you this means for Bitcoin.

I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.

So does it mean that BTCChina must close?

inca

legendary

Activity: 1176

Merit: 1000

I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.
[/quote]

Preventing financial institutions from using bitcoin is a hit. But you are a perpetual bear!

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: rebuilder on December 05, 2013, 06:46:40 AM

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

You don't. You place a limit order. If you really just want to buy or sell at any price, set your price absurdly high or low. Otherwise, set some sane max or min price and know you won't get shafted due to slippage.

True. But gox is lagging so you can't tell where the price is. I tried to set limit orders for half an hour. I was screwed by gox's shitty fecal engine.

maz

full member

Activity: 140

Merit: 100

Quote from: KieranJones1 on December 05, 2013, 06:46:08 AM

Quote from: maz on December 05, 2013, 06:44:34 AM

Quote from: inca on December 05, 2013, 06:37:51 AM

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Ok sheep-boy, this drop hasn't even started yet, the ramifications of this will lower the price for weeks to come. Bitcoin could essentially loose 50% of its customer base if China cracks down on it.

Sigh... China isn't cracking down on it. Read a translation rather than just going by what random people tell you this means for Bitcoin.

I've read it, this is not bullish, you cant see your nose because your big dumb horns are in the way. Dude seriously stop talking shit and realize that bitcoin just had a massive blow to one of its largest client bases.

gandhibt

full member

Activity: 238

Merit: 100

How much was dumped?

JimboToronto

legendary

Activity: 4158

Merit: 4811

You're never too old to think young.

Quote from: micalith on December 05, 2013, 06:32:58 AM

If that's it, it's extremely bullish. Holding my breath...

Welcome to the new world of BTC trading.

About an eighth of what was dumped will take it to an ATH.

rebuilder

legendary

Activity: 1615

Merit: 1000

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

You don't. You place a limit order. If you really just want to buy or sell at any price, set your price absurdly high or low. Otherwise, set some sane max or min price and know you won't get shafted due to slippage.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Bulltrap closing @ GOX!
SELL NOW

Going under 700 Euros again.
Next target 550 Euros. Last bottom was 650 with little resistance -> dead cat bounce and back down! WOOOOHOO love it.

KieranJones1

member

Activity: 126

Merit: 10

Quote from: maz on December 05, 2013, 06:44:34 AM

Quote from: inca on December 05, 2013, 06:37:51 AM

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Ok sheep-boy, this drop hasn't even started yet, the ramifications of this will lower the price for weeks to come. Bitcoin could essentially loose 50% of its customer base if China cracks down on it.

Sigh... China isn't cracking down on it. Read a translation rather than just going by what random people tell you this means for Bitcoin.

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Wheeeeee...

MahaRamana

sr. member

Activity: 338

Merit: 250

Quote from: Vigil on December 05, 2013, 06:43:18 AM

Quote from: MahaRamana on December 05, 2013, 06:41:50 AM

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

You put the amount of BTC and you send the order. IT will fill in a few minutes at whatever the price is by that time. Good luck

What if the amount of bitcoins I specify is more than the current price will allow?

Then GOX will only buy as much as your USD allows and keep the rest of the order as pending

Vigil

sr. member

Activity: 378

Merit: 250

Great, it decided to make my purchase at the highest price point and now we are looking at a correction. Gox sucks mangled penis.

CryptStorm

full member

Activity: 126

Merit: 100

Quote from: Vigil on December 05, 2013, 06:43:18 AM

Quote from: MahaRamana on December 05, 2013, 06:41:50 AM

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

You put the amount of BTC and you send the order. IT will fill in a few minutes at whatever the price is by that time. Good luck

What if the amount of bitcoins I specify is more than the current price will allow?

You'll get whatever it will fill, AFAIK

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: kurious on December 05, 2013, 06:43:14 AM

Quote from: electronistul on December 05, 2013, 06:33:54 AM

Interesting to see the LTC/BTC ratio holding on surprisingly well to all this hype.
When BTC gets back to 1200 - 1300 (today ? Roll Eyes

), some people will have actually benefited from all this if they just held.

LTC was appreciating by % more against BTC than the dollar yesterday, been buying more this morning - it did not crash as much as BTC (on BTC-e).

It seems to be getting away with the 'If BTC is gold, LTC is silver' tag.

At 0.035 ish, I think it's a buy. BTC will rally back up and at the very least LTC does not like losing against BTC, so it is no a stupid thing to do.

You really ought to look at the BTC/LTC historical charts.

maz

full member

Activity: 140

Merit: 100

Quote from: inca on December 05, 2013, 06:37:51 AM

Bears back to caves. I bought on localbitcoins in the UK near the (hopefully) bottom.

Ok sheep-boy, this drop hasn't even started yet, the ramifications of this will lower the price for weeks to come. Bitcoin could essentially loose 50% of its customer base if China cracks down on it.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

lesson learned the hard way, never sell when a crash appear, the engine will lag so hard that you can do anything, I've learned my lesson the hard way in April and will never do it again, you try to make some profit and you will be left behind then you have to buy at a loss

Vigil

sr. member

Activity: 378

Merit: 250

Quote from: MahaRamana on December 05, 2013, 06:41:50 AM

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

You put the amount of BTC and you send the order. IT will fill in a few minutes at whatever the price is by that time. Good luck

What if the amount of bitcoins I specify is more than the current price will allow?

kurious

legendary

Activity: 2590

Merit: 1643

Quote from: electronistul on December 05, 2013, 06:33:54 AM

Interesting to see the LTC/BTC ratio holding on surprisingly well to all this hype.
When BTC gets back to 1200 - 1300 (today ? Roll Eyes

), some people will have actually benefited from all this if they just held.

LTC was appreciating by % more against BTC than the dollar yesterday, been buying more this morning - it did not crash as much as BTC (on BTC-e).

It seems to be getting away with the 'If BTC is gold, LTC is silver' tag.

At 0.035 ish, I think it's a buy. BTC will rally back up and at the very least LTC does not like losing against BTC, so it is no a stupid thing to do.

Zangelbert Bingledack

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Activity: 1036

Merit: 1000

Quote from: Vigil on December 05, 2013, 06:40:33 AM

Please explain to me how I purchase a market order and specify the bitcoin amount if I don't know what the price is going to be.

Market orders on MtGox during panics are...contraindicated.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Zangelbert Bingledack on December 05, 2013, 06:40:41 AM

Quote from: BitThink on December 05, 2013, 06:33:45 AM

My understanding is that now China government clarified their policy towards bitcoin:

1) Bitcoin is a virtual commodity. It's not a currency so it cannot be used as a currency.
2) Bitcoin exchanges have to take some measures to verify users' identities and avoid money laundering.
3) Avoid using 'virtual currency' in the media to avoid misleading investors.

Actually it is not a bad news. Bitcoin has never been used as a currency in China (except two attempts did by a branch of Baidu and China Jiangsu Mobicomm). People buy them mainly for speculation and transferring funds to overseas.

Previously people may worry about the legality of bitcoin exchanges. Now this notice actually almost officially announces that all bitcoin exchanges following the rules will be legal.

This plays right into the Chinese government's long-term dollar divestment scheme. They are encouraging citizens to hold gold, so they will do the same with Bitcoin. They just want to make it more like a store of value, which in my opinion is exactly the right approach. China got strategy.

Exactly. Bulls and bears will make money over this, pigs will be slaughtered and weak hands shaken out.

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